Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Data (Unaudited)

v3.20.4
Selected Quarterly Data (Unaudited)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Data [Abstract]  
Selected Quarterly Data (Unaudited) Selected Quarterly Data (Unaudited)
The following table shows selected quarterly data for 2020 and 2019, in thousands, except earnings per share.
  2020 Quarters
1st 2nd 3rd 4th
Revenues $ 177,418  $ 168,715  $ 165,505  $ 150,021 
Costs and operating expenses $ 161,256  $ 156,213  $ 151,320  $ 138,107 
Operating income
$ 9,734  $ (21,910) $ 14,185  $ 11,914 
Net income (1)
$ 3,332  $ (22,624) $ 8,108  $ 6,013 
Basic earnings per share:        
Net income (1)
$ 0.30  $ (2.05) $ 0.73  $ 0.54 
Basic weighted average shares outstanding 11,000  11,041  11,043  11,052 
Diluted earnings per share:        
Net income
$ 0.30  $ (2.05) $ 0.73  $ 0.54 
Diluted weighted average shares outstanding 11,101  11,041  11,100  11,141 


  2019 Quarters
1st 2nd 3rd 4th
Revenues $ 169,919  $ 189,111  $ 198,326  $ 195,271 
Costs and operating expenses $ 158,106  $ 172,695  $ 181,111  $ 180,458 
Operating income $ 11,813  $ 16,416  $ 17,215  $ 14,813 
Net income $ 6,603  $ 9,898  $ 10,527  $ 9,996 
Basic earnings per share:
Net income $ 0.60  $ 0.90  $ 0.96  $ 0.92 
Basic weighted average shares outstanding 10,920  10,970  10,970  10,970 
Diluted earnings per share:        
Net income
$ 0.60  $ 0.89  $ 0.95  $ 0.90 
Diluted weighted average shares outstanding 10,974  11,073  11,060  11,071 
(1) Operating income for the first quarter of 2020 includes a $7.5 million loss of our Prime Turbines business offset by a $1.1 million gain from the sale of a Miami, FL real estate holding. Operating income for the second quarter of 2020 includes a $33.7 million goodwill and intangible asset impairment charge and a $678 thousand loss from the sale of all of the inventory assets of our CT Aerospace subsidiary.