| Selected Quarterly Financial Data (Unaudited) |
Note 18 - Selected Quarterly Financial Data (Unaudited)
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Predecessor |
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Successor |
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2019 |
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2019 |
Dollars in thousands, except per share data |
First
Quarter |
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Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
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Total |
Revenues |
$ |
157,397 |
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$ |
156,031 |
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$ |
160,083 |
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$ |
156,281 |
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$ |
472,395 |
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Operating gross margin |
$ |
11,424 |
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$ |
22,991 |
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$ |
22,268 |
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$ |
11,462 |
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$ |
56,721 |
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Operating income (loss) |
$ |
(89,316 |
) |
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$ |
16,366 |
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$ |
15,982 |
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$ |
5,459 |
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$ |
37,807 |
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Net income (loss) |
$ |
(90,248 |
) |
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$ |
4,641 |
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$ |
3,989 |
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$ |
(2,121 |
) |
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$ |
6,509 |
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Net income (loss) available to common stockholders |
$ |
(90,248 |
) |
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$ |
4,641 |
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$ |
3,989 |
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$ |
(2,121 |
) |
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$ |
6,509 |
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Basic earnings (loss) per common share (1)
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$ |
(9.63 |
) |
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$ |
0.31 |
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$ |
0.27 |
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$ |
(0.14 |
) |
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$ |
0.43 |
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Diluted earnings (loss) per common share (1)
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$ |
(9.63 |
) |
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$ |
0.31 |
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$ |
0.27 |
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$ |
(0.14 |
) |
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$ |
0.43 |
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Predecessor |
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2018 |
Dollars in thousands, except per share data |
First
Quarter |
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Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
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Total |
Revenues |
$ |
109,675 |
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$ |
118,603 |
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$ |
123,395 |
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$ |
129,148 |
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$ |
480,821 |
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Operating gross margin |
$ |
(10,408 |
) |
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$ |
(167 |
) |
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$ |
1,932 |
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$ |
3,815 |
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$ |
(4,828 |
) |
Operating income (loss) |
$ |
(16,266 |
) |
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$ |
(8,933 |
) |
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$ |
(56,544 |
) |
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$ |
(31,661 |
) |
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$ |
(113,404 |
) |
Net income (loss) |
$ |
(28,796 |
) |
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$ |
(22,877 |
) |
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$ |
(70,951 |
) |
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$ |
(43,073 |
) |
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$ |
(165,697 |
) |
Net income (loss) available to common stockholders |
$ |
(29,702 |
) |
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$ |
(23,784 |
) |
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$ |
(71,857 |
) |
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$ |
(43,073 |
) |
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$ |
(168,416 |
) |
Basic earnings (loss) per common share (1)
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$ |
(3.21 |
) |
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$ |
(2.56 |
) |
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$ |
(7.70 |
) |
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$ |
(4.60 |
) |
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$ |
(18.09 |
) |
Diluted earnings (loss) per common share (1)
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$ |
(3.21 |
) |
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$ |
(2.56 |
) |
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$ |
(7.70 |
) |
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$ |
(4.60 |
) |
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$ |
(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.
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