Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of (Loss) Income

v3.20.2
Unaudited Consolidated Statements of (Loss) Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 168,715 $ 189,111 $ 346,133 $ 359,030
Costs and operating expenses:        
Selling, general and administrative expenses 1,295 988 1,543 2,370
Amortization of intangible assets 4,464 4,980 9,187 9,971
Total costs and operating expenses 156,213 172,695 317,469 330,801
Operating income before non-recurring items 12,502 16,416 28,664 28,229
Loss on sale of a business entity and certain assets (678) 0 (8,214) 0
Gain on sale of property 0 0 1,108 0
Goodwill and intangible asset impairment (33,734) 0 (33,734) 0
Operating (loss) income (21,910) 16,416 (12,176) 28,229
Interest expense, net 3,072 3,398 6,558 6,556
(Loss) income before income taxes (24,982) 13,018 (18,734) 21,673
Provision for income taxes (2,358) 3,120 558 5,172
Net (loss) income $ (22,624) $ 9,898 $ (19,292) $ 16,501
Basic earnings per share (in dollars per share) $ (2.05) $ 0.91 $ (1.75) $ 1.51
Basic weighted average common shares outstanding (in shares) 11,041,235 10,969,899 11,020,720 10,945,172
Diluted earnings per share (in dollars per share) $ (2.05) $ 0.89 $ (1.75) $ 1.50
Diluted weighted average shares outstanding (in shares) 11,041,235 11,072,745 11,020,720 11,023,685
Dividends declared per share (in dollars per share) $ 0.09 $ 0.09 $ 0.18 $ 0.17
Products        
Revenues:        
Total revenues $ 85,747 $ 76,959 $ 162,089 $ 150,700
Costs and operating expenses:        
Costs and operating expenses 76,522 65,255 142,049 128,112
Services        
Revenues:        
Total revenues 82,968 112,152 184,044 208,330
Costs and operating expenses:        
Costs and operating expenses $ 73,932 $ 101,472 $ 164,690 $ 190,348