v3.10.0.1
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 168,931 $ 174,164 $ 516,222 $ 565,318
Costs and operating expenses:        
Selling, general and administrative expenses 863 255 2,412 1,178
Amortization of intangible assets 4,005 4,005 12,013 12,013
Total costs and operating expenses 154,934 161,927 476,777 523,880
Gain on sale of contract 1,700 0 1,700 0
Operating income 15,697 12,237 41,145 41,438
Interest expense, net 2,340 2,347 6,697 7,158
Income before income taxes 13,357 9,890 34,448 34,280
Provision for income taxes 3,323 3,251 8,611 12,541
Net income $ 10,034 $ 6,639 $ 25,837 $ 21,739
Basic earnings per share (in dollars per share) $ 0.92 $ 0.61 $ 2.38 $ 2.01
Basic weighted average common shares outstanding (in shares) 10,881,106 10,838,435 10,874,331 10,833,237
Diluted earnings per share (in dollars per share) $ 0.92 $ 0.61 $ 2.37 $ 2.00
Diluted weighted average shares outstanding (in shares) 10,935,112 10,856,675 10,916,989 10,855,983
Dividends declared per share (in dollars per share) $ 0.08 $ 0 $ 0.23 $ 0.13
Products        
Revenues:        
Total revenues $ 85,886 $ 82,314 $ 264,678 $ 260,585
Costs and operating expenses:        
Costs and operating expenses 72,256 68,678 222,816 217,606
Services        
Revenues:        
Total revenues 83,045 91,850 251,544 304,733
Costs and operating expenses:        
Costs and operating expenses $ 77,810 $ 88,989 $ 239,536 $ 293,083

Source