FairPoint Communications 2013 Annual Report Download - page 101

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99
2013:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Revenue $ 235,469 $ 234,500 $ 235,989 $ 233,396
Gain on sale of discontinued operations, net of tax 10,044 — — —
Net income (loss) (47,485) (43,108) (8,960) 6,103
(Loss) earnings per share, basic:
Continuing operations $ (2.20) $ (1.64) $ (0.34) $ 0.23
Discontinued operations 0.38 — — —
(Loss) earnings per share, basic $ (1.82) $ (1.64) $ (0.34) $ 0.23
(Loss) earnings per share, diluted:
Continuing operations $ (2.20) $ (1.64) $ (0.34) $ 0.23
Discontinued operations 0.38 — — —
(Loss) earnings per share, diluted $ (1.82) $ (1.64) $ (0.34) $ 0.23
2012: First Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Revenue $ 248,474 $ 243,453 $ 242,052 $ 239,670
Net loss (46,712) (37,073) (37,329) (32,180)
Loss per share:
Basic $ (1.80) $ (1.43) $ (1.44) $ (1.24)
Diluted (1.80) (1.43) (1.44) (1.24)
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
(a) Evaluation of Disclosure Controls and Procedures
As of the end of the period covered by this Annual Report, we carried out an evaluation under the supervision and with the
participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of
our "disclosure controls and procedures" (as defined in Rule 13a-15(e) of the Exchange Act). Disclosure controls and procedures
are controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer
in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the rules and forms of the SEC.
Based upon this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure
controls and procedures were effective as of December 31, 2013.
(b) Changes in Internal Control Over Financial Reporting
We are committed to continuing to improve our internal control processes and will continue to review our financial reporting
controls and procedures. As we continue to evaluate and work to improve our internal control over financial reporting, we may
identify additional measures to address previous material weaknesses and other deficiencies. Our management, with the oversight
of the audit committee of our board of directors, will continue to assess and take steps to enhance the overall design and capability
of our control environment in the future.
There have been no changes in our internal control over financial reporting during the year ended December 31, 2013 that
have materially affected or are reasonably likely to materially affect our internal control over financial reporting.