Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.19.3.a.u2
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Note 18 - Selected Quarterly Financial Data (Unaudited)
 
Predecessor
 
 
Successor
 
2019
 
 
2019
Dollars in thousands, except per share data
First
Quarter
 
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
157,397

 
 
$
156,031

 
$
160,083

 
$
156,281

 
$
472,395

Operating gross margin
$
11,424

 
 
$
22,991

 
$
22,268

 
$
11,462

 
$
56,721

Operating income (loss)
$
(89,316
)
 
 
$
16,366

 
$
15,982

 
$
5,459

 
$
37,807

Net income (loss)
$
(90,248
)
 
 
$
4,641

 
$
3,989

 
$
(2,121
)
 
$
6,509

Net income (loss) available to common stockholders
$
(90,248
)
 
 
$
4,641

 
$
3,989

 
$
(2,121
)
 
$
6,509

Basic earnings (loss) per common share (1)
$
(9.63
)
 
 
$
0.31

 
$
0.27

 
$
(0.14
)
 
$
0.43

Diluted earnings (loss) per common share (1)
$
(9.63
)
 
 
$
0.31

 
$
0.27

 
$
(0.14
)
 
$
0.43


 
Predecessor
 
2018
Dollars in thousands, except per share data
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
109,675

 
$
118,603

 
$
123,395

 
$
129,148

 
$
480,821

Operating gross margin
$
(10,408
)
 
$
(167
)
 
$
1,932

 
$
3,815

 
$
(4,828
)
Operating income (loss)
$
(16,266
)
 
$
(8,933
)
 
$
(56,544
)
 
$
(31,661
)
 
$
(113,404
)
Net income (loss)
$
(28,796
)
 
$
(22,877
)
 
$
(70,951
)
 
$
(43,073
)
 
$
(165,697
)
Net income (loss) available to common stockholders
$
(29,702
)
 
$
(23,784
)
 
$
(71,857
)
 
$
(43,073
)
 
$
(168,416
)
Basic earnings (loss) per common share (1)
$
(3.21
)
 
$
(2.56
)
 
$
(7.70
)
 
$
(4.60
)
 
$
(18.09
)
Diluted earnings (loss) per common share (1)
$
(3.21
)
 
$
(2.56
)
 
$
(7.70
)
 
$
(4.60
)
 
$
(18.09
)
(1)
As a result of shares issued during the year, earnings (loss) per share for each of the year’s four quarters, which are based on weighted average shares outstanding during each quarter, may not equal the annual earnings (loss) per share, which is based on the weighted average shares outstanding during the year. Additionally, as a result of rounding to the thousands, earnings per share may not equal the year-to-date results.