Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 135,185 $ 132,603 $ 273,957 $ 266,350
Cost of revenue 114,850 114,908 235,398 229,031
Gross profit 20,335 17,695 38,559 37,319
Operating expenses:        
Selling, general and administrative expenses 13,752 17,079 30,552 33,124
Amortization of intangibles 274 175 417 350
Total operating expenses 14,026 17,254 30,969 33,474
Operating income 6,309 441 7,590 3,845
Other income (expenses):        
Interest expense, net (2,137) (1,597) (4,295) (2,430)
Gain (loss) on disposition of property and equipment (13) 9 17 21
Loss on debt extinguishment 0 (513) 0 (513)
Gain (loss) on change in fair value of warrant liability (102) (103) 59 (103)
Total other expenses (2,252) (2,204) (4,219) (3,025)
Income (loss) before income taxes 4,057 (1,763) 3,371 820
Income tax provision (benefit) 1,110 (474) 476 261
Net income (loss) $ 2,947 $ (1,289) $ 2,895 $ 559
Income (loss) per common share:        
Basic (in usd per share) $ 0.38 $ (0.17) $ 0.37 $ 0.07
Diluted (in usd per share) $ 0.37 $ (0.17) $ 0.37 $ 0.07
Weighted average number of shares outstanding:        
Basic (in shares) 7,845,515 7,643,133 7,821,594 7,643,133
Diluted (in shares) 7,905,368 7,643,133 7,878,246 7,717,484