Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.3.1.900
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table summarizes quarterly financial data for the years ended December 31, 2015 and 2014:
 
 
 
2015
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(In thousands)
Revenues
 
$
176,317

 
$
112,270

 
$
230,569

 
$
190,319

Income (loss) from operations
 
28,773

 
(21,644
)
 
(529,076
)
 
(812,282
)
Income tax expense (benefit)
 
14,479

 
(17,214
)
 
(216,603
)
 
(36,663
)
Net income (loss)
 
25,519

 
(31,325
)
 
(388,209
)
 
(830,869
)
Income (loss) per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.30

 
$
(0.32
)
 
$
(3.59
)
 
$
(7.67
)
Diluted
 
$
0.30

 
$
(0.32
)
 
$
(3.59
)
 
$
(7.67
)
 
 
 
 
 
 
 
 
 
 
 
2014
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(In thousands)
Revenues
 
$
118,029

 
$
114,736

 
$
170,804

 
$
267,697

Income from operations
 
25,109

 
18,110

 
53,454

 
129,458

Income tax expense
 
49,247

 
31,461

 
4,876

 
67,757

Net income
 
82,558

 
47,852

 
6,920

 
110,073

Income per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.97

 
$
0.56

 
$
0.08

 
$
1.29

Diluted
 
$
0.96

 
$
0.56

 
$
0.08

 
$
1.28