Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues $ 118,603 $ 109,607 $ 228,278 $ 207,878
Expenses:        
Operating expenses 91,634 89,641 183,168 175,455
Depreciation and amortization 27,136 30,982 55,685 63,184
Total expenses 118,770 120,623 238,853 238,639
Total operating gross margin (loss) (167) (11,016) (10,575) (30,761)
General and administrative expense (8,288) (6,503) (14,489) (13,543)
Gain (loss) on disposition of assets, net (478) (113) (135) (465)
Total operating income (loss) (8,933) (17,632) (25,199) (44,769)
Other income (expense):        
Interest expense (11,197) (11,095) (22,437) (21,965)
Interest income 30 22 53 32
Other (1,191) 560 (900) 1,090
Total other income (expense) (12,358) (10,513) (23,284) (20,843)
Income (loss) before income taxes (21,291) (28,145) (48,483) (65,612)
Income tax expense (benefit) 1,586 1,743 3,190 4,085
Net income (loss) (22,877) (29,888) (51,673) (69,697)
Less: Convertible preferred stock dividend 907 1,239 1,813 1,239
Net income (loss) available to common stockholders $ (23,784) $ (31,127) $ (53,486) $ (70,936)
Basic earnings (loss) per common share (in dollars per share) [1] $ (2.56) $ (3.39) $ (5.77) $ (7.94)
Diluted earnings (loss) per common share (in dollars per share) [1] $ (2.56) $ (3.39) $ (5.77) $ (7.94)
Number of common shares used in computing earnings per share:        
Basic (in shares) [1] 9,292,224 9,188,888 9,271,759 8,933,945
Diluted (in shares) [1] 9,292,224 9,188,888 9,271,759 8,933,945
[1] See Note 7 - Stockholders' Equity for details regarding the 1-for-15 reverse stock split.