Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.8.0.1
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
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, 2017 and 2016:
 
 
2017
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(In thousands)
Revenues
 
$
333,004

 
$
323,953

 
$
265,498

 
$
397,848

Income from operations
 
181,683

 
143,175

 
50,483

 
173,025

Income tax expense (benefit)
 
—

 
—

 
2,763

 
(954
)
Net income
 
154,455

 
105,936

 
18,235

 
156,526

Income per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.91

 
$
0.58

 
$
0.10

 
$
0.85

Diluted
 
$
0.91

 
$
0.58

 
$
0.10

 
$
0.85

 
 
 
 
 
 
 
 
 
 
 
2016
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(In thousands)
Revenues
 
$
156,961

 
$
(28,158
)
 
$
193,691

 
$
63,416

Loss from operations
 
(195,794
)
 
(323,412
)
 
(157,995
)
 
(190,949
)
Income tax (benefit) expense
 
(191
)
 
(157
)
 
(3,407
)
 
842

Net loss
 
(242,267
)
 
(339,776
)
 
(157,296
)
 
(240,370
)
Loss per share:
 
 
 
 
 
 
 
 
Basic
 
$
(2.17
)
 
$
(2.71
)
 
$
(1.25
)
 
$
(1.86
)
Diluted
 
$
(2.17
)
 
$
(2.71
)
 
$
(1.25
)
 
$
(1.86
)