Income Statement

Income Statement

v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Jul. 19, 2016
Sep. 30, 2016
Sep. 30, 2015
Jul. 19, 2016
Sep. 30, 2015
Revenue   $ 91,889      
Cost of revenue   79,818      
Gross profit   12,071      
Operating expenses:          
Selling, general and administrative   10,207      
Amortization of intangibles $ 0 1,454 $ 0    
Total operating expenses   11,661      
Operating income (loss) (745) 410 2,312    
Other income (expenses):          
Interest income (expense), net   (853)      
Gain (loss) on sale of property and equipment   (21)      
Total other expenses   (874)      
Net income (loss) before income taxes   (464)      
Income tax benefit   2,277      
Net income (loss) and total comprehensive income (loss)   1,813      
Dividends on cumulative redeemable convertible preferred stock   160      
Net income (loss) attributable to common stockholders   $ 1,653      
Basic earnings per share for common stock:          
Net income attributable to Limbach common stockholders   $ 0.28      
Diluted earnings per share for common stock:          
Net income attributable to Limbach common stockholders   $ 0.27      
Weighted average number of shares outstanding:          
Basic   5,927,813      
Diluted   6,727,813      
Predecessor [Member]          
Revenue 26,924   82,899 $ 221,391 $ 239,570
Cost of revenue 23,770   71,380 192,911 207,320
Gross profit 3,154   11,519 28,480 32,250
Operating expenses:          
Selling, general and administrative 3,899   9,207 24,015 27,454
Amortization of intangibles 0   0 0 0
Total operating expenses 3,899   9,207 24,015 27,454
Operating income (loss) (745)   2,312 4,465 4,796
Other income (expenses):          
Interest income (expense), net (178)   (829) (1,898) (2,361)
Gain (loss) on sale of property and equipment 4   (6) 1 4
Total other expenses (174)   (835) (1,897) (2,357)
Net income (loss) before income taxes (919)   1,477 2,568 2,439
Income tax benefit 0   0 0 0
Net income (loss) and total comprehensive income (loss) (919)   1,477 2,568 2,439
Dividends on cumulative redeemable convertible preferred stock 0   0 0 0
Predecessor [Member] | Member Units [Member]          
Other income (expenses):          
Net income (loss) and total comprehensive income (loss)       2,568  
Net income (loss) attributable to common stockholders $ (919)   $ 1,477 $ 2,568 $ 2,439

Source