Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited) (Tables)

v3.19.1
Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Selected Quarterly Financial Data
 
2018
Year Dollars in thousands, except per share data
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
109,675

 
$
118,603

 
$
123,395

 
$
129,148

 
$
480,821

Operating gross margin (loss)
$
(10,408
)
 
$
(167
)
 
$
1,932

 
$
3,815

 
$
(4,828
)
Operating income (loss)
$
(16,266
)
 
$
(8,933
)
 
$
(56,544
)
 
$
(31,661
)
 
$
(113,404
)
Net income (loss)
$
(28,796
)
 
$
(22,877
)
 
$
(70,951
)
 
$
(43,073
)
 
$
(165,697
)
Net income (loss) available to common stockholders
$
(29,702
)
 
$
(23,784
)
 
$
(71,857
)
 
$
(43,073
)
 
$
(168,416
)
Basic earnings (loss) per common share (1) (2)
$
(3.21
)
 
$
(2.56
)
 
$
(7.70
)
 
$
(4.60
)
 
$
(18.09
)
Diluted earnings (loss) per common share (1) (2)
$
(3.21
)
 
$
(2.56
)
 
$
(7.70
)
 
$
(4.60
)
 
$
(18.09
)
 
 
 
 
 
 
 
 
 
 
 
2017
Year Dollars in thousands, except per share data
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
98,271

 
$
109,607

 
$
118,308

 
$
116,334

 
$
442,520

Operating gross margin (loss)
$
(19,745
)
 
$
(11,016
)
 
$
121

 
$
(4,700
)
 
$
(35,340
)
Operating income (loss)
$
(27,137
)
 
$
(17,632
)
 
$
(6,815
)
 
$
(14,221
)
 
$
(65,805
)
Net income (loss)
$
(39,809
)
 
$
(29,888
)
 
$
(20,311
)
 
$
(28,693
)
 
$
(118,701
)
Net income (loss) available to common stockholders
$
(39,809
)
 
$
(31,127
)
 
$
(21,217
)
 
$
(29,599
)
 
$
(121,752
)
Basic earnings (loss) per common share (1) (2)
$
(4.59
)
 
$
(3.39
)
 
$
(2.30
)
 
$
(3.20
)
 
$
(13.40
)
Diluted earnings (loss) per common share (1) (2)
$
(4.59
)
 
$
(3.39
)
 
$
(2.30
)
 
$
(3.20
)
 
$
(13.40
)

(1)
As a result of shares issued during the year, earnings (loss) per share for each of the year’s four quarters, which are based on weighted average shares outstanding during each quarter, may not equal the annual earnings (loss) per share, which is based on the weighted average shares outstanding during the year. Additionally, as a result of rounding to the thousands, earnings per share may not equal the year-to-date results.
(2)
See Note 12 - Stockholders' Equity for details regarding the 1-for-15 reverse stock split.