Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 273,613 $ 231,353 $ 781,111 $ 625,163
Costs and operating expenses:        
Selling, general and administrative expenses 2,605 2,556 9,721 6,121
Lease abandonment and termination (benefits) costs (652) 0 12,205 [1] 0 [1]
Amortization of intangible assets 4,809 3,203 12,550 10,743
Total costs and operating expenses 249,915 206,089 727,107 562,486
Operating income 23,698 25,264 54,004 62,677
Interest expense, net 8,983 8,459 27,996 21,805
Income from continuing operations before income taxes 14,715 16,805 26,008 40,872
Provision for income taxes 3,065 4,694 5,035 10,554
Net income from continuing operations 11,650 12,111 20,973 30,318
Loss from discontinued operations, net of tax 0 (2,554) (18,711) (2,789)
Net income $ 11,650 $ 9,557 $ 2,262 [1] $ 27,529 [1]
Basic        
Continuing operations (in dollars per share) $ 0.63 $ 0.81 $ 1.22 $ 2.23
Discontinued operations (in dollars per share) 0 (0.17) (1.09) (0.20)
Basic earnings (loss) per share (in dollars per share) 0.63 0.64 0.13 2.03
Diluted        
Continuing operations (in dollars per share) 0.63 0.80 1.22 2.22
Discontinued operations (in dollars per share) 0 (0.17) (1.09) (0.20)
Diluted earnings (loss) per share (in dollars per share) $ 0.63 $ 0.63 $ 0.13 $ 2.02
Weighted average shares outstanding:        
Basic (in shares) 18,425,643 15,001,908 17,125,502 13,585,391
Diluted (in shares) 18,479,123 15,050,062 17,211,825 13,639,064
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30
Products        
Revenues:        
Total revenues $ 188,334 $ 184,691 $ 564,092 $ 505,135
Costs and operating expenses:        
Costs and operating expenses 166,139 160,326 495,177 442,714
Services        
Revenues:        
Total revenues 85,279 46,662 217,019 120,028
Costs and operating expenses:        
Costs and operating expenses $ 77,014 $ 40,004 $ 197,454 $ 102,908
[1]
(a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated, and remain included in the major classes of assets and liabilities. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations.