Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income

v3.19.2
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 189,111 $ 170,394 $ 359,030 $ 347,291
Costs and operating expenses:        
Selling, general and administrative expenses 988 730 2,370 1,549
Amortization of intangible assets 4,980 4,004 9,971 8,008
Total costs and operating expenses 172,695 156,539 330,801 321,843
Operating income 16,416 13,855 28,229 25,448
Interest expense, net 3,398 2,182 6,556 4,357
Income before income taxes 13,018 11,673 21,673 21,091
Provision for income taxes 3,120 2,922 5,172 5,288
Net income $ 9,898 $ 8,751 $ 16,501 $ 15,803
Basic earnings per share (in dollars per share) $ 0.90 $ 0.80 $ 1.51 $ 1.45
Basic weighted average common shares outstanding (in shares) 10,969,899 10,881,106 10,945,172 10,870,887
Diluted earnings per share (in dollars per share) $ 0.89 $ 0.80 $ 1.50 $ 1.45
Diluted weighted average shares outstanding (in shares) 11,072,745 10,918,927 11,023,685 10,907,777
Dividends declared per share (in dollars per share) $ 0.09 $ 0.08 $ 0.17 $ 0.15
Products        
Revenues:        
Total revenues $ 93,875 $ 90,119 $ 182,776 $ 178,792
Costs and operating expenses:        
Costs and operating expenses 79,380 75,834 155,673 150,560
Services        
Revenues:        
Total revenues 95,236 80,275 176,254 168,499
Costs and operating expenses:        
Costs and operating expenses $ 87,347 $ 75,971 $ 162,787 $ 161,726