Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations (Unaudited)

v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 272,139 $ 192,828 $ 528,184 $ 355,211
Costs and operating expenses:        
Selling, general and administrative expenses 8,516 3,780 10,827 6,705
Lease abandonment costs 0 12,857 0 [1] 12,857 [1]
Amortization of intangible assets 6,487 4,329 12,621 7,679
Total costs and operating expenses 249,626 190,226 481,167 336,966
Operating income 22,513 2,602 47,017 18,245
Interest expense, net 6,445 9,826 14,384 19,016
Income (loss) from continuing operations before income taxes 16,068 (7,224) 32,633 (771)
Provision (benefit) for income taxes 2,430 (1,936) 5,027 (1,025)
Net income (loss) from continuing operations 13,638 (5,288) 27,606 254
(Loss) income from discontinued operations, net of tax (10,441) 2,511 (33,382) (9,642)
Net income (loss) $ 3,197 $ (2,777) $ (5,776) [1] $ (9,388) [1]
Basic        
Continuing operations (usd per share) $ 0.66 $ (0.31) $ 1.34 $ 0.02
Discontinued operations (usd per share) (0.51) 0.15 (1.62) (0.59)
Basic earnings (loss) per share (usd per share) 0.15 (0.16) (0.28) (0.57)
Diluted        
Continuing operations (usd per share) 0.66 (0.31) 1.33 0.01
Discontinued operations (usd per share) (0.50) 0.15 (1.61) (0.58)
Diluted earnings (loss) per share (usd per share) $ 0.16 $ (0.16) $ (0.28) $ (0.57)
Weighted average shares outstanding:        
Basic (in shares) 20,670,239 17,152,661 20,644,215 16,468,288
Diluted (in shares) 20,731,397 17,202,115 20,735,979 16,571,033
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20
Products        
Revenues:        
Total revenues $ 173,603 $ 115,448 $ 334,154 $ 223,471
Costs and operating expenses:        
Costs and operating expenses 144,828 96,624 281,695 189,285
Services        
Revenues:        
Total revenues 98,536 77,380 194,030 131,740
Costs and operating expenses:        
Costs and operating expenses $ 89,795 $ 72,636 $ 176,024 $ 120,440
[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. See Note (3) "Discontinued Operations".