Annual report pursuant to Section 13 and 15(d)

Summary of Unaudited Quarterly Financial Information

v3.6.0.2
Summary of Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Financial Information
Summary of Unaudited Quarterly Financial Information

The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results and cash flows of interim periods. Summarized quarterly data for fiscal years 2016 and 2015 are as follows (in thousands, except per share amounts):
 
First Quarter
 
Second Quarter
 
 Third Quarter
 
Fourth Quarter
2016
 
 
 
 
 
 
 
Total revenues
$
29,648

 
$
19,521

 
$
21,619

 
$
38,185

Total operating costs and expenses
14,552

 
15,552

 
16,153

 
18,831

Income tax (expense) benefit
(3,694
)
 
3,881

 
(160
)
 
(10,354
)
Income (loss) from continuing operations
5,877

 
(6,170
)
 
1,051

 
(3,125
)
Income from discontinued operations
731

 

 

 

Net income (loss)
6,608

 
(6,170
)
 
1,051

 
(3,125
)
Basic per share amounts:
 
 
 
 
 
 
 
     Net income (loss)
$
0.32

 
$
(0.30
)
 
$
0.05

 
$
0.15

Diluted per share amounts:
 
 
 
 
 
 
 
     Net income (loss)
0.30

 
(0.30
)
 
0.05

 
0.15

 
 
 
 
 
 
 
 
Weighted average shares—basic
20,708

 
20,832

 
20,887

 
20,898

Weighted average shares—diluted
22,284

 
20,832

 
22,997

 
20,898

 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
Total revenues
$
14,602

 
$
18,418

 
$
17,701

 
$
21,193

Total operating costs and expenses
11,253

 
14,053

 
9,104

 
10,175

Income tax (expense) benefit
(15
)
 
(265
)
 
191,881

 
514

(Loss) income from continuing operations
(89
)
 
22,027

 
199,165

 
6,341

Net loss attributable to noncontrolling interests
(843
)
 
(1,537
)
 

 

Net income
754

 
23,564

 
199,165

 
6,341

Basic per share amounts:
 
 
 
 
 
 
 
Net income
$
0.04

 
$
1.19

 
$
10.01

 
$
0.32

Diluted per share amounts:
 
 
 
 
 
 
 
Net income
$
0.04

 
$
1.11

 
$
9.28

 
$
0.29

 
 
 
 
 
 
 
 
Weighted average shares—basic
19,612

 
19,725

 
19,887

 
19,933

Weighted average shares—diluted
20,631

 
21,276

 
21,460

 
21,542