Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2018

Basis of Presentation

Schedule of denominator used to compute basic and diluted earnings per share

	Three Months Ended
	March 31,
	2018	2017
Basic earnings per share - weighted average shares	11,597,918	11,529,046
Effect of dilutive securities:
Employee and director restricted stock units	—	—
Diluted earnings per share - weighted average shares	11,597,918	11,529,046

Schedule of impacts on the company’s condensed consolidated financial statements

The impacts on the Company’s condensed consolidated financial statements as of March 31, 2018 and for the three months then ended are as follows (dollars in thousands):

					Without
					Adoption of
	As Reported		Adjustments		New Standard
Statement of income data:
Operating revenues	$	89,222	$	(214)	$	89,008
Operating expenses		93,046		207		93,253
Operating income (loss)		(3,824)		(421)		(4,245)
Interest expense		(4,136)		367		(3,769)
Loss before income tax benefit		(7,250)		(54)		(7,304)
Income tax benefit		(1,514)		1,395		(119)
Net loss		(5,736)		(1,449)		(7,185)
Balance sheet data:
Receivables, net	$	24,119	$	6,850	$	30,969
Other current assets		3,639		(2,292)		1,347
Total current assets		57,941		4,558		62,499
Other assets		6,512		(4,046)		2,466
Total assets		714,343		512		714,855
Advance billings and customer deposits		9,349		7,039		16,388
Total current liabilities		88,655		7,039		95,694
Other liabilities		33,638		(989)		32,649
Total liabilities		496,043		6,050		502,093
Accumulated other comprehensive loss		(16,053)		(31)		(16,084)
Retained earnings		51,691		(5,507)		46,184
Total stockholders' equity		218,300		(5,538)		212,762
Total liabilities and stockholders' equity		714,343		512		714,855
Statement of cash flow data:
Cash flows from operating activities
Net loss	$	(5,736)	$	(1,449)	$	(7,185)
Deferred income taxes		(1,395)		1,395		—
Changes in operating assets and liabilities:
Receivables		55		202		257
Prepaid expenses and other current assets		698		(4)		694
Advance billings and customer deposits		1,466		(202)		1,264
Other		(166)		58		(108)
Net cash provided by operating activities		17,102		—		17,102