Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income

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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 205,223 $ 169,761 $ 393,810 $ 330,081
Costs and operating expenses:        
Selling, general and administrative expenses 1,519 473 3,564 1,180
Amortization of intangible assets 3,601 4,016 7,540 8,110
Total costs and operating expenses 184,586 159,226 356,395 307,529
Operating income 20,637 10,535 37,415 22,552
Interest expense, net 7,366 3,872 13,346 7,482
Income from continuing operations before income taxes 13,271 6,663 24,069 15,070
Provision for income taxes 3,182 1,908 5,860 4,026
Income from continuing operations 10,089 4,755 18,209 11,044
(Loss) income from discontinued operations, net of tax (1,234) 2,793 (237) 2,748
Net income $ 8,855 $ 7,548 $ 17,972 [1] $ 13,792 [1]
Earnings (loss) per share:        
Basic earnings per share, continuing operations (in dollars per share) $ 0.78 $ 0.37 $ 1.42 $ 0.87
Basic earnings (loss) per share, discontinued operations (in dollars per share) (0.10) 0.22 (0.02) 0.21
Basic earnings (loss) per share (in dollars per share) 0.68 0.59 1.40 1.08
Diluted        
Diluted earnings per share, continuing operations (in dollars per share) 0.78 0.37 1.42 0.87
Diluted earnings (loss) per share, discontinued operations (in dollars per share) (0.10) 0.22 (0.02) 0.21
Diluted earnings (loss) per share (in dollars per share) $ 0.68 $ 0.59 $ 1.40 $ 1.08
Weighted average shares outstanding:        
Basic weighted average shares outstanding (in shares) 12,886,100 12,778,355 12,865,394 12,760,026
Diluted weighted average shares outstanding (in shares) 12,916,998 12,811,078 12,921,826 12,807,249
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20
Products        
Revenues:        
Total revenues $ 165,997 $ 142,003 $ 320,443 $ 278,172
Costs and operating expenses:        
Costs and operating expenses 147,139 129,617 282,388 250,714
Services        
Revenues:        
Total revenues 39,226 27,758 73,367 51,909
Costs and operating expenses:        
Costs and operating expenses $ 32,327 $ 25,120 $ 62,903 $ 47,525
[1] (a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated, and remain included in the major classes of assets and liabilities. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations.