Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income (Loss)

v3.21.2
Unaudited Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 200,582 $ 165,505 $ 540,675 $ 511,638
Costs and operating expenses:        
Selling, general and administrative expenses 809 885 1,897 2,428
Amortization of intangible assets 4,921 4,158 13,812 13,345
Total costs and operating expenses 186,690 151,320 529,894 468,789
Operating income before non-recurring items 13,892 14,185 10,781 42,849
Loss on sale of a business entity and certain assets 0 0 0 (8,214)
Gain on sale of property 0 0 0 1,108
Goodwill and intangible asset impairment 0 0 0 (33,734)
Operating income 13,892 14,185 10,781 2,009
Interest expense, net 2,780 3,530 8,476 10,088
Income (Loss) before income taxes 11,112 10,655 2,305 (8,079)
Provision for income taxes 2,091 2,547 539 3,105
Net income (loss) $ 9,021 $ 8,108 $ 1,766 $ (11,184)
Basic earnings per share (in dollars per share) $ 0.71 $ 0.73 $ 0.14 $ (1.01)
Basic weighted average shares outstanding (in shares) 12,704,165 11,043,246 12,496,646 11,028,283
Diluted earnings per share (in dollars per share) $ 0.71 $ 0.73 $ 0.14 $ (1.01)
Diluted weighted average shares outstanding (in shares) 12,774,636 11,100,356 12,573,076 11,028,283
Dividends declared per share (in dollars per share) $ 0.09 $ 0.09 $ 0.27 $ 0.27
Products        
Revenues:        
Total revenues $ 113,005 $ 80,942 $ 276,048 $ 243,031
Costs and operating expenses:        
Costs and operating expenses 101,044 72,526 273,081 214,575
Services        
Revenues:        
Total revenues 87,577 84,563 264,627 268,607
Costs and operating expenses:        
Costs and operating expenses $ 79,916 $ 73,751 $ 241,104 $ 238,441