Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income

v3.23.3
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 231,353 $ 167,379 $ 625,163 $ 497,460
Costs and operating expenses:        
Selling, general and administrative expenses 2,556 594 6,121 1,772
Amortization of intangible assets 3,203 3,813 10,743 11,923
Total costs and operating expenses 206,089 152,270 562,486 459,797
Operating income 25,264 15,109 62,677 37,663
Interest expense, net 8,459 4,821 21,805 12,305
Income from continuing operations before income taxes 16,805 10,288 40,872 25,358
Provision for income taxes 4,694 2,589 10,554 6,615
Income from continuing operations 12,111 7,699 30,318 18,743
(Loss) income from discontinued operations, net of tax (2,554) 1,720 (2,789) 4,468
Net income $ 9,557 $ 9,419 $ 27,529 [1] $ 23,211 [1]
Earnings (loss) per share:        
Basic earnings per share, continuing operations (in dollars per share) $ 0.81 $ 0.61 $ 2.23 $ 1.47
Basic earnings (loss) per share, discontinued operations (in dollars per share) (0.17) 0.13 (0.20) 0.35
Basic earnings (loss) per share (in dollars per share) 0.64 0.74 2.03 1.82
Diluted        
Diluted earnings per share, continuing operations (in dollars per share) 0.80 0.60 2.22 1.46
Diluted earnings (loss) per share, discontinued operations (in dollars per share) (0.17) 0.13 (0.20) 0.35
Diluted earnings (loss) per share (in dollars per share) $ 0.63 $ 0.73 $ 2.02 $ 1.81
Weighted average shares outstanding:        
Basic weighted average shares outstanding (in shares) 15,001,908 12,797,727 13,585,391 12,772,731
Diluted weighted average shares outstanding (in shares) 15,050,062 12,834,084 13,639,064 12,816,319
Dividends declared per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30
Products        
Revenues:        
Total revenues $ 184,691 $ 136,333 $ 505,135 $ 414,505
Costs and operating expenses:        
Costs and operating expenses 160,326 121,620 442,714 372,334
Services        
Revenues:        
Total revenues 46,662 31,046 120,028 82,955
Costs and operating expenses:        
Costs and operating expenses $ 40,004 $ 26,243 $ 102,908 $ 73,768
[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.