Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Data (Unaudited) (Tables)

v3.20.4
Selected Quarterly Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Data [Abstract]  
Selected Quarterly Data (Unaudited)
The following table shows selected quarterly data for 2020 and 2019, in thousands, except earnings per share.
  2020 Quarters
1st 2nd 3rd 4th
Revenues $ 177,418  $ 168,715  $ 165,505  $ 150,021 
Costs and operating expenses $ 161,256  $ 156,213  $ 151,320  $ 138,107 
Operating income
$ 9,734  $ (21,910) $ 14,185  $ 11,914 
Net income (1)
$ 3,332  $ (22,624) $ 8,108  $ 6,013 
Basic earnings per share:        
Net income (1)
$ 0.30  $ (2.05) $ 0.73  $ 0.54 
Basic weighted average shares outstanding 11,000  11,041  11,043  11,052 
Diluted earnings per share:        
Net income
$ 0.30  $ (2.05) $ 0.73  $ 0.54 
Diluted weighted average shares outstanding 11,101  11,041  11,100  11,141 


  2019 Quarters
1st 2nd 3rd 4th
Revenues $ 169,919  $ 189,111  $ 198,326  $ 195,271 
Costs and operating expenses $ 158,106  $ 172,695  $ 181,111  $ 180,458 
Operating income $ 11,813  $ 16,416  $ 17,215  $ 14,813 
Net income $ 6,603  $ 9,898  $ 10,527  $ 9,996 
Basic earnings per share:
Net income $ 0.60  $ 0.90  $ 0.96  $ 0.92 
Basic weighted average shares outstanding 10,920  10,970  10,970  10,970 
Diluted earnings per share:        
Net income
$ 0.60  $ 0.89  $ 0.95  $ 0.90 
Diluted weighted average shares outstanding 10,974  11,073  11,060  11,071 
(1) Operating income for the first quarter of 2020 includes a $7.5 million loss of our Prime Turbines business offset by a $1.1 million gain from the sale of a Miami, FL real estate holding. Operating income for the second quarter of 2020 includes a $33.7 million goodwill and intangible asset impairment charge and a $678 thousand loss from the sale of all of the inventory assets of our CT Aerospace subsidiary.