v3.24.2.u1
Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 265,959 $ 205,223 $ 507,498 $ 393,810
Costs and operating expenses:        
Selling, general and administrative expenses 4,117 1,519 7,116 3,564
Lease abandonment costs 12,857 0 12,857 [1] 0 [1]
Amortization of intangible assets 4,360 3,601 7,741 7,540
Total costs and operating expenses 259,827 184,586 477,192 356,395
Operating income 6,132 20,637 30,306 37,415
Interest expense, net 9,826 7,366 19,013 13,346
(Loss) income from continuing operations before income taxes (3,694) 13,271 11,293 24,069
(Benefit) provision for income taxes (917) 3,182 1,970 5,860
Net (loss) income from continuing operations (2,777) 10,089 9,323 18,209
Loss from discontinued operations, net of tax 0 (1,234) (18,711) (237)
Net (loss) income $ (2,777) $ 8,855 $ (9,388) [1] $ 17,972 [1]
Basic        
Continuing operations (in dollars per share) $ (0.16) $ 0.78 $ 0.57 $ 1.42
Discontinued operations (in dollars per share) 0 (0.10) (1.14) (0.02)
Basic earnings (loss) per share (in dollars per share) (0.16) 0.68 (0.57) 1.40
Diluted        
Continuing operations (in dollars per share) (0.16) 0.78 0.56 1.42
Discontinued operations (in dollars per share) 0 (0.10) (1.13) (0.02)
Diluted earnings (loss) per share (in dollars per share) $ (0.16) $ 0.68 $ (0.57) $ 1.40
Weighted average shares outstanding:        
Basic (in shares) 17,152,661 12,886,100 16,468,288 12,865,394
Diluted (in shares) 17,202,115 12,916,998 16,571,033 12,921,826
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20
Products        
Revenues:        
Total revenues $ 188,579 $ 165,997 $ 375,758 $ 320,443
Costs and operating expenses:        
Costs and operating expenses 166,055 147,139 329,038 282,388
Services        
Revenues:        
Total revenues 77,380 39,226 131,740 73,367
Costs and operating expenses:        
Costs and operating expenses $ 72,438 $ 32,327 $ 120,440 $ 62,903
[1]
(a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated, and remain included in the major classes of assets and liabilities. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations.

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