v3.19.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Jun. 30, 2018
Income Statement [Abstract]        
Revenues $ 156,031 $ 157,397 $ 118,603 $ 228,278
Expenses:        
Operating expenses 112,649 120,871 91,634 183,168
Depreciation and amortization 20,391 25,102 27,136 55,685
Total expenses 133,040 145,973 118,770 238,853
Total operating gross margin (loss) 22,991 11,424 (167) (10,575)
General and administrative expense (5,610) (8,147) (8,288) (14,489)
Gain (loss) on disposition of assets, net (53) 384 (478) (135)
Reorganization items (962) (92,977) 0 0
Total operating income (loss) 16,366 (89,316) (8,933) (25,199)
Other income (expense):        
Interest expense (7,663) (274) (11,197) (22,437)
Interest income 374 8 30 53
Other (644) (10) (1,191) (900)
Total other income (expense) (7,933) (276) (12,358) (23,284)
Income (loss) before income taxes 8,433 (89,592) (21,291) (48,483)
Income tax expense 3,792 656 1,586 3,190
Net income (loss) 4,641 (90,248) (22,877) (51,673)
Less: Convertible preferred stock dividend 0 0 907 1,813
Net income (loss) available to common stockholders $ 4,641 $ (90,248) $ (23,784) $ (53,486)
Basic earnings (loss) per common share (in dollars per share) $ 0.31 $ (9.63) $ (2.56) $ (5.77)
Diluted earnings (loss) per common share (in dollars per share) $ 0.31 $ (9.63) $ (2.56) $ (5.77)
Number of common shares used in computing earnings per share:        
Basic (in shares) 15,044,739 9,368,322 9,292,224 9,271,759
Diluted (in shares) 15,044,739 9,368,322 9,292,224 9,271,759

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