Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income (Loss)

v3.22.0.1
Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Revenues $ 750,853 $ 661,659 $ 752,627
Costs and operating expenses:      
Selling, general and administrative expenses 3,625 3,120 4,192
Amortization of intangible assets 18,482 17,504 19,317
Total costs and operating expenses 729,333 606,896 692,370
Operating income before non-recurring items 21,520 54,763 60,257
Loss on sale of a business entity and certain assets 0 (8,214) 0
Gain on sale of property 0 1,108 0
Goodwill and intangible asset impairment 0 (33,734) 0
Operating income 21,520 13,923 60,257
Interest expense, net 12,069 13,496 13,830
Income before income taxes 9,451 427 46,427
Provision for income taxes 1,485 5,598 9,403
Net income (loss) $ 7,966 $ (5,171) $ 37,024
Basic (loss) earnings per share (in dollars per share) $ 0.63 $ (0.47) $ 3.38
Basic weighted average shares outstanding (in shares) 12,551,459 11,034,256 10,957,750
Diluted (loss) earnings per share (in dollars per share) $ 0.63 $ (0.47) $ 3.35
Diluted weighted average shares outstanding (in shares) 12,632,874 11,034,256 11,044,731
Products      
Revenues:      
Revenues $ 400,935 $ 318,324 $ 311,617
Costs and operating expenses:      
Costs and operating expenses 385,065 283,814 266,443
Services      
Revenues:      
Revenues 349,918 343,335 441,010
Costs and operating expenses:      
Costs and operating expenses $ 322,161 $ 302,458 $ 402,418