Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income (Loss)

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Consolidated Statements of Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Revenues $ 949,762,000 $ 750,853,000 $ 661,659,000
Costs and operating expenses:      
Selling, general and administrative expenses 5,163,000 3,625,000 3,120,000
Amortization of intangible assets 17,639,000 18,482,000 17,504,000
Total costs and operating expenses 894,631,000 729,333,000 606,896,000
Operating income before non-recurring items 55,131,000 21,520,000 54,763,000
Loss on sale of a business entity and certain assets 0 0 (8,214,000)
Gain on sale of property 0 0 1,108,000
Goodwill and intangible asset impairment 0 0 (33,734,000)
Operating income 55,131,000 21,520,000 13,923,000
Interest expense, net 17,885,000 12,069,000 13,496,000
Income before income taxes 37,246,000 9,451,000 427,000
Provision for income taxes 9,187,000 1,485,000 5,598,000
Net income (loss) $ 28,059,000 $ 7,966,000 $ (5,171,000)
Basic earnings (loss) per share (in dollars per share) $ 2.20 $ 0.63 $ (0.47)
Basic weighted average shares outstanding (in shares) 12,780,117 12,551,459 11,034,256
Diluted earnings (loss) per share (in dollars per share) $ 2.19 $ 0.63 $ (0.47)
Diluted weighted average shares outstanding (in shares) 12,827,894 12,632,874 11,034,256
Products      
Revenues:      
Revenues $ 562,482,000 $ 400,935,000 $ 318,324,000
Costs and operating expenses:      
Costs and operating expenses 503,932,000 385,065,000 283,814,000
Services      
Revenues:      
Revenues 387,280,000 349,918,000 343,335,000
Costs and operating expenses:      
Costs and operating expenses $ 367,897,000 $ 322,161,000 $ 302,458,000