Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income

v3.21.1
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 164,981 $ 177,418
Costs and operating expenses:    
Selling, general and administrative expenses 38 248
Amortization of intangible assets 4,288 4,723
Total costs and operating expenses 155,378 161,256
Operating income before non-recurring items 9,603 16,162
Loss on sale of a business entity and certain assets 0 (7,536)
Gain on sale of property 0 1,108
Operating income 9,603 9,734
Interest expense, net 3,030 3,486
Income before income taxes 6,573 6,248
Provision for income taxes 1,462 2,916
Net income $ 5,111 $ 3,332
Basic earnings per share (in dollars per share) $ 0.42 $ 0.30
Basic weighted average shares outstanding (in shares) 12,076,509 11,000,204
Diluted earnings per share (in dollars per share) $ 0.42 $ 0.30
Diluted weighted average shares outstanding (in shares) 12,171,828 11,100,506
Dividends declared per share (in dollars per share) $ 0.09 $ 0.09
Products    
Revenues:    
Total revenues $ 78,580 $ 76,342
Costs and operating expenses:    
Costs and operating expenses 70,712 65,527
Services    
Revenues:    
Total revenues 86,401 101,076
Costs and operating expenses:    
Costs and operating expenses $ 80,340 $ 90,758