Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues $ 109,607,000 $ 105,287,000 $ 207,878,000 $ 235,790,000
Expenses:        
Operating expenses 89,641,000 89,195,000 175,455,000 197,312,000
Depreciation and amortization 30,982,000 36,317,000 63,184,000 72,131,000
Total expenses 120,623,000 125,512,000 238,639,000 269,443,000
Total operating gross margin (loss) (11,016,000) (20,225,000) (30,761,000) (33,653,000)
General and administrative expense (6,503,000) (7,995,000) (13,543,000) (17,776,000)
Provision for reduction in carrying value of certain assets       (1,088,000)
Gain (loss) on disposition of assets, net (113,000) (2,000) (465,000) (62,000)
Total operating income (loss) (17,632,000) (28,222,000) (44,769,000) (51,491,000)
Other income (expense):        
Interest expense (11,095,000) (12,187,000) (21,965,000) (23,749,000)
Interest income 22,000 32,000 32,000 39,000
Other 560,000 (358,000) 1,090,000 2,127,000
Total other income (expense) (10,513,000) (12,513,000) (20,843,000) (21,583,000)
Income (loss) before income taxes (28,145,000) (40,735,000) (65,612,000) (73,074,000)
Income tax expense (benefit) 1,743,000 (913,000) 4,085,000 62,583,000
Net income (loss) (29,888,000) (39,822,000) (69,697,000) (135,657,000)
Net income (loss) attributable to controlling interest (29,888,000)      
Preferred Stock Dividends, Income Statement Impact     1,239,000 0
Net Income (Loss) Available to Common Stockholders, Basic $ (31,127,000) $ (39,822,000) $ (70,936,000) $ (135,657,000)
Basic income (loss) per common share $ (0.23) $ (0.32) $ (0.53) $ (1.10)
Diluted income (loss) per common share $ (0.23) $ (0.32) $ (0.53) $ (1.10)
Number of common shares used in computing earnings per share:        
Basic 137,833,318 124,101,349 134,009,168 123,595,793
Diluted 137,833,318 124,101,349 134,009,168 123,595,793