| Quarterly Financial Data (Unaudited) |
Quarterly Financial Data (Unaudited)
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Quarters |
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1st |
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2nd |
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3rd |
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4th |
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2018: |
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Revenues |
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$ |
329,384 |
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$ |
357,756 |
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$ |
348,875 |
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$ |
355,121 |
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Expenses (1)
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321,687 |
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343,822 |
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336,164 |
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342,060 |
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Income before item shown below |
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7,697 |
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13,934 |
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12,711 |
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13,061 |
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Change in fair value of contingent consideration |
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(61 |
) |
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(50 |
) |
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(54 |
) |
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(73 |
) |
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Income before income taxes |
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$ |
7,636 |
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$ |
13,884 |
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$ |
12,657 |
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$ |
12,988 |
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Net income |
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$ |
5,464 |
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$ |
9,310 |
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$ |
9,450 |
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$ |
9,562 |
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Income attributable to noncontrolling interest |
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(1 |
) |
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(8 |
) |
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(13 |
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(6 |
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Net income attributable to the Company |
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$ |
5,463 |
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$ |
9,302 |
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$ |
9,437 |
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$ |
9,556 |
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Dividends declared on preferred stock |
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(8,508 |
) |
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(8,508 |
) |
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(8,507 |
) |
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(8,508 |
) |
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Net (loss) income available to common shareholders |
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$ |
(3,045 |
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$ |
794 |
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$ |
930 |
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$ |
1,048 |
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Basic (loss) income per common share (2)
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$ |
(0.02 |
) |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.01 |
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Diluted (loss) income per common share (2)
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$ |
(0.02 |
) |
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$ |
0.00 |
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$ |
0.00 |
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$ |
0.01 |
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Basic weighted average common shares |
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195,898,794 |
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196,557,837 |
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196,381,910 |
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189,463,849 |
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Diluted weighted average common shares |
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195,898,794 |
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209,855,936 |
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208,387,236 |
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198,743,096 |
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(1) |
Includes a $1,494, $1,568, $1,380 and $1,440 charge for non-cash compensation in the first, second, third and fourth quarters of 2018, respectively.
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(2) |
Due to rounding, the sum of the quarters' basic and diluted loss per common share do not equal the full fiscal year amount. |
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Quarters |
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1st
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2nd
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3rd
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4th |
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2017: |
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Revenues |
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$ |
290,291 |
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$ |
311,536 |
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$ |
322,309 |
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$ |
344,016 |
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Expenses (1)
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294,961 |
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310,286 |
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317,649 |
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344,095 |
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(Loss) income before item shown below |
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(4,670 |
) |
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1,250 |
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4,660 |
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(79 |
) |
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Change in fair value of contingent consideration |
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152 |
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(63 |
) |
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(3 |
) |
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(67 |
) |
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(Loss) income before income taxes |
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$ |
(4,518 |
) |
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$ |
1,187 |
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$ |
4,657 |
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$ |
(146 |
) |
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Net (loss) income |
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$ |
(3,679 |
) |
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$ |
1,325 |
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$ |
3,402 |
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$ |
6,634 |
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Loss (income) attributable to noncontrolling interest |
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5 |
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3 |
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(3 |
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10 |
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Net (loss) income attributable to the Company |
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$ |
(3,674 |
) |
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$ |
1,328 |
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$ |
3,399 |
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$ |
6,644 |
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Dividends declared on preferred stock |
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(7,924 |
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(7,953 |
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(8,149 |
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(8,456 |
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Net loss available to common shareholders |
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$ |
(11,598 |
) |
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$ |
(6,625 |
) |
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$ |
(4,750 |
) |
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$ |
(1,812 |
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Basic loss per common share (2)
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$ |
(0.06 |
) |
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$ |
(0.03 |
) |
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$ |
(0.02 |
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$ |
(0.01 |
) |
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Diluted loss per common share (2)
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$ |
(0.06 |
) |
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$ |
(0.03 |
) |
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$ |
(0.02 |
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$ |
(0.01 |
) |
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Basic weighted average common shares |
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192,270,615 |
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192,304,828 |
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192,912,643 |
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194,749,001 |
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Diluted weighted average common shares |
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192,270,615 |
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192,304,828 |
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192,912,643 |
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194,749,001 |
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(1) |
Includes a $1,429, $1,378, $1,341 and $1,391 charge for non-cash compensation in the first, second, third and fourth quarters of 2017, respectively.
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(2) |
Due to rounding, the sum of the quarters' basic and diluted loss per common share do not equal the full fiscal year amount. |
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