Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data The following table sets forth our unaudited quarterly results for each of the last four quarters for the years ended December 31, 2021 and 2020. This unaudited quarterly information has been prepared on the same basis as our annual audited financial statements and includes all adjustments, consisting only of normal recurring adjustments that are necessary to present fairly the financial information for the fiscal quarters presented.
(In thousands, except for per share data)
2021
First Quarter Second Quarter Third Quarter Fourth Quarter
Revenue - Service revenue $ 161,458  $ 216,887  $ 250,099  $ 246,070 
Gross profit $ 38,080  $ 54,050  $ 61,409  $ 58,709 
Net income
$ (20,375) $ (8,511) $ (5,067) $ (20,232)
Net income per common share:
Basic
$ (0.20) $ (0.08) $ (0.05) $ (0.20)
Diluted
$ (0.20) $ (0.08) $ (0.05) $ (0.20)
Weighted average common shares outstanding:
Basic
101,550  102,398  103,257  103,390
Diluted
101,550  102,398  103,257  103,390
2020
First Quarter Second Quarter Third Quarter Fourth Quarter
Revenue - Service revenue $ 395,069  $ 106,109  $ 133,710  $ 154,344 
Gross profit $ 94,221  $ 37,916  $ 34,118  $ 38,698 
Net income
$ (7,804) $ (25,920) $ (29,184) $ (44,112)
Net income per common share:
Basic
$ (0.08) $ (0.26) $ (0.29) $ (0.44)
Diluted
$ (0.08) $ (0.26) $ (0.29) $ (0.44)
Weighted average common shares outstanding:
Basic
100,687  100,821  100,897  100,911
Diluted
100,687  100,821  100,897  100,911