v3.19.3
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 198,326 $ 168,931 $ 557,356 $ 516,222
Costs and operating expenses:        
Selling, general and administrative expenses 541 863 2,911 2,412
Amortization of intangible assets 5,014 4,005 14,985 12,013
Total costs and operating expenses 181,111 154,934 511,912 476,777
Gain on sale of contract 0 1,700 0 1,700
Operating income 17,215 15,697 45,444 41,145
Interest expense, net 3,706 2,340 10,262 6,697
Income before income taxes 13,509 13,357 35,182 34,448
Provision for income taxes 2,982 3,323 8,154 8,611
Net income $ 10,527 $ 10,034 $ 27,028 $ 25,837
Basic earnings per share (in dollars per share) $ 0.96 $ 0.92 $ 2.47 $ 2.38
Basic weighted average common shares outstanding (in shares) 10,970,123 10,881,106 10,953,581 10,874,331
Diluted earnings per share (in dollars per share) $ 0.95 $ 0.92 $ 2.45 $ 2.37
Diluted weighted average shares outstanding (in shares) 11,060,081 10,935,112 11,035,951 10,916,989
Dividends declared per share (in dollars per share) $ 0.09 $ 0.08 $ 0.26 $ 0.23
Products        
Revenues:        
Total revenues $ 96,832 $ 85,886 $ 279,608 $ 264,678
Costs and operating expenses:        
Costs and operating expenses 81,988 72,256 237,661 222,816
Services        
Revenues:        
Total revenues 101,494 83,045 277,748 251,544
Costs and operating expenses:        
Costs and operating expenses $ 93,568 $ 77,810 $ 256,355 $ 239,536

Source