RE:RE:Fire the CFOThe quarterly restatements still aren't apples to apples because bad debt expense is not netted from revenues in the restated 2018 quarters. If you add up the four 2018 quarters, you get $64.464 million, which does not deduct bad debt expense of $6.195 million.
2018 is only restated for the small revenue timing impacts associated with going from monthly revenue recognition to daily revenue recognition for some leases.
Check out the "Revenue Accounting under Topic 840 and 842" section in the Summary of Significant Accounting Policies ...
The Company classified bad debt expense within selling, general and administrative expense for the year ended December 31, 2018, consistent with FASB Accounting Standards Codification “Leases” Topic 840, which was superseded by Topic 842. After adoption of Topic 842, as previously discussed within Reclassification of Balances, the Company classified bad debt expense net within the revenue line item on the Consolidated Statement of Income and Comprehensive Income for the year ended December 31, 2019. These amounts are reclassified in the unaudited summarized quarterly financial information included in Note 13.