Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (UNAUDITED)

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QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table sets forth our unaudited quarterly results for each of the last four quarters for the years ended December 31, 2018 and 2017. 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.
 
2018
(In thousands, except for per share data)
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Service revenue
$
385,219

 
$
459,888

 
$
434,041

 
$
425,414

Gross profit
$
87,097

 
$
108,000

 
$
113,895

 
$
124,993

Net income
$
36,708

 
$
39,091

 
$
46,285

 
$
51,778

Net income per common share:
 
 
 
 
 
 
 
Basic
$
0.44

 
$
0.47

 
$
0.55

 
$
0.62

Diluted
$
0.42

 
$
0.45

 
$
0.53

 
$
0.59

Weighted average common shares outstanding:
 
 
 
 
 
 
 
Basic
83,081

 
83,447

 
83,544

 
83,758
Diluted
86,848

 
86,878

 
86,878

 
87,218
 
 
 
 
 
 
 
 
 
2017
(In thousands, except for per share data)
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Service revenue
$
171,931

 
$
213,492

 
$
282,730

 
$
313,712

Gross profit
$
22,366

 
$
36,715

 
$
57,297

 
$
51,664

Net income (loss)
$
(24,351
)
 
$
4,921

 
$
21,965

 
$
10,078

Net income (loss) per common share:
 
 
 
 
 
 
 
Basic
$
(0.43
)
 
$
0.06

 
$
0.26

 
$
0.12

Diluted
$
(0.43
)
 
$
0.06

 
$
0.25

 
$
0.12

Weighted average common shares outstanding:
 
 
 
 
 
 
 
Basic
55,996

 
83,040

 
83,040

 
83,040
Diluted
55,996

 
86,279

 
86,264

 
86,818