Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v2.4.1.9
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)

 
 
Quarters
 
  
 
1st
 
2nd
 
3rd
 
4th
 
2014:
 
  

 
  

 
  

 
  

 
Revenues
 
$
211,818

 
$
220,753

 
$
223,732

 
$
264,950

 
Expenses (a)
 
206,973

 
217,063

 
224,303

 
262,920

 
Income (loss) before item shown below
 
4,845

 
3,690

 
(571
)
 
2,030

 
Change in fair value of contingent consideration
 
12

 

 

 

 
Income (loss) before income taxes
 
$
4,857

 
$
3,690

 
$
(571
)
 
$
2,030

 
Net income
 
$
4,264

 
$
2,923

 
$
15,738

(b)(d)
$
10,427

(b)
Loss attributable to noncontrolling interest
 
21

 
21

 
20

 
19

 
Net income attributable to the company
 
$
4,285

 
$
2,944

 
$
15,758

(b)(d)
$
10,446

(b)
Dividends declared on preferred stock
 
(3,225
)
 
(3,710
)
 
(4,848
)
 
(5,461
)
 
Net income (loss) available to common shareholders
 
$
1,060

 
$
(766
)
 
$
10,910

(b)(d)
$
4,985

(b)
Basic income (loss) per common share (c)
 
$
0.01

 
$
(0.00
)
 
$
0.06

 
$
0.03

 
Diluted income (loss) per common share
 
$
0.01

 
$
(0.00
)
 
$
0.05

 
$
0.02

 
Basic weighted average common shares
 
181,502,068

 
181,739,505

 
182,988,516

 
184,805,171

 
Diluted weighted average common shares
 
202,332,855

 
181,739,505

 
210,535,372

 
210,297,301

 

(a)
Includes a $1,927, $2,083, $3,679 and $2,852 charge for non-cash compensation in the first, second, third and fourth quarters of 2014 respectively.
(b)
Includes deferred income tax benefit from reversal of valuation allowance of $17,255, $0.08 per share diluted (3rd quarter) and $5,575, $0.03 per share diluted (4th quarter) (see Note 11).
(c)
Due to rounding, the sum of the quarters' basic income (loss) per common share amounts do not equal the full fiscal year amount.
(d)
Reflects retrospective increase of $2,955 to reflect measurement period adjustments of preliminary allocations of the purchase price related to the Highland acquisition which were finalized in the fourth quarter of 2014.

 
 
Quarters
  
 
1st
 
2nd
 
3rd
 
4th
 
2013
 
  

 
  

 
  

 
  

 
Revenues
 
$
187,305

 
$
193,869

 
$
200,489

 
$
211,453

 
Expenses (a)
 
186,682

 
198,645

 
197,531

 
207,733

 
Income (loss) before item shown below
 
623

 
(4,776
)
 
2,958

 
3,720

 
Change in fair value of contingent consideration
 
23

 
(144
)
 

 

 
Income (loss) before income taxes
 
$
646

 
$
(4,920
)
 
$
2,958

 
$
3,720

 
Net income (loss)
 
$
123

 
$
(5,536
)
 
$
2,379

 
$
2,512

 
Loss attributable to noncontrolling interest
 
13

 
13

 
23

 
19

 
Net income (loss) attributable to the company
 
$
136

 
$
(5,523
)
 
$
2,402

 
$
2,531

 
Dividend declared on preferred stock
 

 
(1,028
)
 
(2,879
)
 
(3,004
)
 
Net income (loss) available to common shareholders
 
$
136

 
$
(6,551
)
 
$
(477
)
 
$
(473
)
 
Basic and diluted income (loss) per common share
 
$
0.00

 
$
(0.04
)
 
$
(0.00
)
 
$
(0.00
)
 
Basic weighted average common share
 
183,459,124

 
183,488,108

 
181,759,305

 
180,513,628

 
Diluted weighted average common share
 
188,458,448

 
183,488,108

 
181,759,305

 
180,513,628

 

(a)
Includes a $1,413, $1,380, $1,647 and $2,326 charge for non-cash compensation in the first, second, third and fourth quarters of 2013, respectively.