Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of (Loss) Income

v3.20.4
Consolidated Statements of (Loss) Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Revenues $ 661,659 $ 752,627 $ 697,218
Costs and operating expenses:      
Selling, general and administrative expenses 3,120 4,192 3,714
Amortization of intangible assets 17,504 19,317 16,017
Total costs and operating expenses 606,896 692,370 644,688
Operating income before non-recurring items 54,763 60,257 52,530
Loss on sale of a business entity and certain assets (8,214) 0 0
Gain on sale of property 1,108 0 0
Goodwill and intangible asset impairment (33,734) 0 0
Gain on sale of contract 0 0 1,700
Operating income 13,923 60,257 54,230
Interest expense, net 13,496 13,830 8,982
Income before income taxes 427 46,427 45,248
Provision for income taxes 5,598 9,403 10,168
Net (loss) income $ (5,171) $ 37,024 $ 35,080
Basic (loss) earnings per share (in dollars per share) $ (0.47) $ 3.38 $ 3.23
Basic weighted average shares outstanding (in shares) 11,034,256 10,957,750 10,876,201
Diluted (loss) earnings per share (in dollars per share) $ (0.47) $ 3.35 $ 3.21
Diluted weighted average shares outstanding (in shares) 11,034,256 11,044,731 10,936,057
Products      
Revenues:      
Revenues $ 318,324 $ 311,617 $ 293,950
Costs and operating expenses:      
Costs and operating expenses 283,814 266,443 248,701
Services      
Revenues:      
Revenues 343,335 441,010 403,268
Costs and operating expenses:      
Costs and operating expenses $ 302,458 $ 402,418 $ 376,256