Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Tables)

v3.3.1.900
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
Quarters
 
 
1st
 
2nd
 
3rd
 
4th
 
2015:
 
  

 
  

 
  

 
  

 
Revenues
 
$
278,823

 
$
296,748

 
$
282,214

 
$
294,333

 
Expenses (a)
 
284,146

 
299,581

 
285,363

 
294,778

 
Loss before item shown below
 
(5,323
)
 
(2,833
)
 
(3,149
)
 
(445
)
 
Change in fair value of contingent consideration
 
31

 

 

 
24

 
Loss before income taxes
 
$
(5,292
)
 
$
(2,833
)
 
$
(3,149
)
 
$
(421
)
 
Net loss
 
$
(3,572
)
 
$
(2,477
)
 
$
(2,937
)
 
$
(2,227
)
 
Loss attributable to noncontrolling interest
 
20

 
8

 
11

 
23

 
Net loss attributable to the Company
 
$
(3,552
)
 
$
(2,469
)
 
$
(2,926
)
 
$
(2,204
)
 
Dividends declared on preferred stock
 
(6,332
)
 
(7,152
)
 
(7,289
)
 
(7,335
)
 
Net loss available to common shareholders
 
$
(9,884
)
 
$
(9,621
)
 
$
(10,215
)
 
$
(9,539
)
 
Basic loss per common share
 
$
(0.05
)
 
$
(0.05
)
 
$
(0.06
)
 
$
(0.05
)
 
Diluted loss per common share
 
$
(0.05
)
 
$
(0.05
)
 
$
(0.06
)
 
$
(0.05
)
 
Basic weighted average common shares
 
184,998,551

 
184,743,052

 
183,519,768

 
181,423,440

 
Diluted weighted average common shares
 
184,998,551

 
184,743,052

 
183,519,768

 
181,423,440

 

(a)
Includes a $3,260, $2,424, $242 and $2,833 charge for non-cash compensation in the first, second, third and fourth quarters of 2015 respectively.

 
 
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.