(1)

In the first, second, third, and fourth quarters of calendar 2019, the Company recorded $28.4 million, $(41.0) million, $(2.8) million, and $9.6 million, respectively, of other expense (income) related to derivative assets and liabilities. See Note 8—Corporate Borrowings and Finance Lease Obligations for a discussion of the derivative asset and derivative liability gains.

(2)

During the fourth quarter of 2019, the Company recorded non-cash impairment of long-lived assets of $84.3 million on 40 theatres in the U.S. markets with 512 screens and on 14 theatres in the International markets with 148 screens, and one U.S. property held and not used.


	2018
	Quarter		Quarter		Quarter		Quarter		Year
	Ended		Ended		Ended		Ended		Ended
	March 31,		June 30,		September 30,		December 31,		December 31,
(In millions, except per share data)	2018		2018		2018		2018		2018
Total revenues	$	1,383.6	$	1,442.5	$	1,221.4	$	1,413.3	$	5,460.8
Operating income (loss)		109.9		89.7		(21.9)		87.3		265.0
Net earnings (loss) (1)(2)		17.7		22.2		(100.4)		170.6		110.1

Basic earnings (loss) per share:	$	0.14	$	0.17	$	(0.82)	$	1.65	$	0.91
Diluted earnings (loss) per share:	$	0.14	$	0.17	$	(0.82)	$	0.43	$	0.41

Weighted average shares outstanding: (in thousands)
Basic		128,046		128,039		123,126		103,514		120,621
Diluted		128,046		128,105		123,126		135,450		130,105

(1)

In the third and fourth quarters of calendar 2018, the Company recorded $54.1 million and $(165.5) million, respectively, of other expense (income) related to derivative assets and liabilities. See Note 8—Corporate Borrowings and Finance Lease Obligations for a discussion of the derivative asset and derivative liability gains.

(2)

During the fourth quarter of calendar 2018, the Company recorded non-cash impairment losses of $13.8 million on 13 theatres in the U.S. markets with 150 screens and 15 theatres in the International markets with 118 screens.