Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of (Loss) Income

v3.20.2
Unaudited Consolidated Statements of (Loss) Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 165,505 $ 198,326 $ 511,638 $ 557,356
Costs and operating expenses:        
Selling, general and administrative expenses 885 541 2,428 2,911
Amortization of intangible assets 4,158 5,014 13,345 14,985
Total costs and operating expenses 151,320 181,111 468,789 511,912
Operating income before non-recurring items 14,185 17,215 42,849 45,444
Loss on sale of a business entity and certain assets 0 0 (8,214) 0
Gain on sale of property 0 0 1,108 0
Goodwill and intangible asset impairment 0 0 (33,734) 0
Operating income 14,185 17,215 2,009 45,444
Interest expense, net 3,530 3,706 10,088 10,262
Income (loss) before income taxes 10,655 13,509 (8,079) 35,182
Provision for income taxes 2,547 2,982 3,105 8,154
Net income (loss) $ 8,108 $ 10,527 $ (11,184) $ 27,028
Basic earnings (loss) per share (in dollars per share) $ 0.73 $ 0.96 $ (1.01) $ 2.47
Basic weighted average common shares outstanding (in shares) 11,043,246 10,970,123 11,028,283 10,953,581
Diluted earnings (loss) per share (in dollars per share) $ 0.73 $ 0.95 $ (1.01) $ 2.45
Diluted weighted average shares outstanding (in shares) 11,100,356 11,060,081 11,028,283 11,035,951
Dividends declared per share (in dollars per share) $ 0.09 $ 0.09 $ 0.27 $ 0.26
Products        
Revenues:        
Total revenues $ 80,942 $ 79,467 $ 243,031 $ 230,167
Costs and operating expenses:        
Costs and operating expenses 72,526 67,675 214,575 195,788
Services        
Revenues:        
Total revenues 84,563 118,859 268,607 327,189
Costs and operating expenses:        
Costs and operating expenses $ 73,751 $ 107,881 $ 238,441 $ 298,228