Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Revenues $ 697,218 $ 760,113 $ 691,790
Costs and operating expenses:      
Selling, general and administrative expenses 3,714 2,429 6,609
Amortization of intangible assets 16,017 16,017 16,067
Total costs and operating expenses 644,688 705,788 640,261
Gain on sale of contract 1,700 0 0
Operating income 54,230 54,325 51,529
Interest expense, net 8,982 9,240 9,855
Income before income taxes 45,248 45,085 41,674
Provision for income taxes 10,168 5,989 14,881
Net income $ 35,080 $ 39,096 $ 26,793
Basic earnings per share (in dollars per share) $ 3.23 $ 3.61 $ 2.48
Basic weighted average shares outstanding (in shares) 10,876,201 10,834,562 10,793,723
Diluted earnings per share (in dollars per share) $ 3.21 $ 3.60 $ 2.47
Diluted weighted average shares outstanding (in shares) 10,936,057 10,867,834 10,828,152
Products      
Revenues:      
Revenues $ 360,505 $ 350,129 $ 341,776
Costs and operating expenses:      
Costs and operating expenses 303,881 291,769 279,629
Services      
Revenues:      
Revenues 336,713 409,984 350,014
Costs and operating expenses:      
Costs and operating expenses $ 321,076 $ 395,573 $ 337,956