Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS
 3 Months Ended 12 Months Ended
Jul. 27, 2018
Dec. 31, 2018
USD ($)
$ / shares
Sep. 30, 2018
USD ($)
$ / shares
Jun. 30, 2018
USD ($)
$ / shares
Mar. 31, 2018
USD ($)
$ / shares
Dec. 31, 2017
USD ($)
$ / shares
Sep. 30, 2017
USD ($)
$ / shares
Jun. 30, 2017
USD ($)
$ / shares
Mar. 31, 2017
USD ($)
$ / shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
$ / shares
shares
Dec. 31, 2016
USD ($)
$ / shares
shares
Income Statement [Abstract]                        
Revenues   $ 129,148,000 $ 123,395,000 $ 118,603,000 $ 109,675,000 $ 116,334,000 $ 118,308,000 $ 109,607,000 $ 98,271,000 $ 480,821,000 $ 442,520,000 $ 427,004,000
Expenses:                        
Operating expenses                   378,104,000 355,487,000 362,521,000
Depreciation and amortization                   107,545,000 122,373,000 139,795,000
Total expenses                   485,649,000 477,860,000 502,316,000
Total operating gross margin (loss)   3,815,000 1,932,000 (167,000) (10,408,000) (4,700,000) 121,000 (11,016,000) (19,745,000) (4,828,000) (35,340,000) (75,312,000)
General and administrative expense                   (24,545,000) (25,676,000) (34,332,000)
Loss on impairment                   (50,698,000) 0 0
Provision for reduction in carrying value of certain assets                   0 (1,938,000) 0
Gain (loss) on disposition of assets, net                   (1,724,000) (2,851,000) (1,613,000)
Pre-petition restructuring charges                   (21,820,000) 0 0
Reorganization items                   (9,789,000) 0  
Total operating income (loss)   (31,661,000) (56,544,000) (8,933,000) (16,266,000) (14,221,000) (6,815,000) (17,632,000) (27,137,000) (113,404,000) (65,805,000) (111,257,000)
Other income (expense):                        
Interest expense                   (42,565,000) (44,226,000) (45,812,000)
Interest income                   91,000 244,000 58,000
Other                   (2,023,000) 126,000 367,000
Total other income (expense)                   (44,497,000) (43,856,000) (45,387,000)
Income (loss) before income taxes                   (157,901,000) (109,661,000) (156,644,000)
Current tax expense                   8,225,000 9,264,000 5,108,000
Deferred tax expense (benefit)                   (429,000) (224,000) 69,062,000
Total income tax expense (benefit)                   7,796,000 9,040,000 74,170,000
Net income (loss)   (43,073,000) (70,951,000) (22,877,000) (28,796,000) (28,693,000) (20,311,000) (29,888,000) (39,809,000) (165,697,000) (118,701,000) (230,814,000)
Less: Convertible preferred stock dividend                   2,719,000 3,051,000 0
Net income (loss) available to common stockholders   $ (43,073,000) $ (71,857,000) $ (23,784,000) $ (29,702,000) $ (29,599,000) $ (21,217,000) $ (31,127,000) $ (39,809,000) $ (168,416,000) $ (121,752,000) $ (230,814,000)
Basic earnings (loss) per share (in dollars per share) | $ / shares   $ (4.60) $ (7.70) $ (2.56) $ (3.21) $ (3.20) $ (2.30) $ (3.39) $ (4.59) $ (18.09) [1] $ (13.40) [1] $ (27.89) [1]
Diluted earnings (loss) per share (in dollars per share) | $ / shares   $ (4.60) $ (7.70) $ (2.56) $ (3.21) $ (3.20) $ (2.30) $ (3.39) $ (4.59) $ (18.09) [1] $ (13.40) [1] $ (27.89) [1]
Number of common shares used in computing earnings per share:                        
Basic (in shares) | shares [1]                   9,311,722 9,084,456 8,275,334
Diluted (in shares) | shares [1]                   9,311,722 9,084,456 8,275,334
Reverse stock split ratio 15                      
[1] See Note 12 - Stockholders' Equity for details regarding the 1-for-15 reverse stock split.