Unaudited Supplementary Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

UNAUDITED SUPPLEMENTARY DATA

NOTE X— UNAUDITED SUPPLEMENTARY DATA

The following table sets forth our unaudited quarterly consolidated statements of operations (in thousands, except per share data) for each of the four quarters in the years ended December 31, 2019 and 2018. This unaudited quarterly information has been prepared on the same basis as our annual audited financial statements and includes all adjustments, consisting only of normal recurring adjustments that are necessary to present fairly the financial information for the fiscal quarters presented.

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2019	(Unaudited)
Sales:
Product	$	296,860		$	303,041		$	287,977		$	280,594
Service	81,890			91,813			73,837			58,465
Cost of sales (excluding depreciation, depletion and amortization):
Product	234,916			225,473			226,797			212,905
Service	62,622			68,687			56,836			45,057
Operating expenses:
Selling, general and administrative	34,656			38,659			40,208			37,325
Depreciation, depletion and amortization	44,600			44,899			47,126			42,819
Goodwill and other asset impairments	—			—			130			363,717
Total operating expenses	79,256			83,558			87,464			443,861
Operating (loss) income	1,956			17,136			(9,283		)	(362,764		)
Other (expense) income:
Interest expense	(23,978		)	(23,765		)	(24,733		)	(22,996		)
Other income (expense), net, including interest income	722			15,074			3,280			443
Total other expense	(23,256		)	(8,691		)	(21,453		)	(22,553		)
(Loss) income before income taxes	(21,300		)	8,445			(30,736		)	(385,317		)
Income tax benefit	1,972			(2,384		)	7,671			91,892
Net (loss) income	(19,328		)	6,061			(23,065		)	(293,425		)
Less: Net loss attributable to non-controlling interest	(4		)	(89		)	(28		)	(554		)
Net (loss) income attributable to U.S. Silica Holdings, Inc.	$	(19,324	)	$	6,150		$	(23,037	)	$	(292,871	)
(Loss) earnings per share, basic	$	(0.26	)	$	0.08		$	(0.31	)	$	(4.00	)
(Loss) earnings per share, diluted	$	(0.26	)	$	0.08		$	(0.31	)	$	(4.00	)
Weighted average shares outstanding, basic	73,040			73,301			73,328			73,343
Weighted average shares outstanding, diluted	73,040			73,505			73,328			73,343
Dividends declared per share	$	0.06		$	0.06		$	0.06		$	0.06
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2018	(Unaudited)
Sales:
Product	$	294,788		$	345,957		$	348,635		$	293,419
Service	74,525			81,476			74,537			63,961

Cost of sales (excluding depreciation, depletion and amortization):
Product	207,239			236,236			270,370			241,624
Service	53,671			56,609			51,966			45,414
Operating expenses:
Selling, general and administrative	34,591			42,232			37,980			32,168
Depreciation, depletion and amortization	28,592			36,563			37,150			46,527
Goodwill and other asset impairments	—			16,184			—			265,715
Total operating expenses	63,183			94,979			75,130			344,410
Operating (loss) income	45,220			39,609			25,706			(274,068		)
Other (expense) income:
Interest expense	(7,070		)	(20,214		)	(21,999		)	(21,281		)
Other income (expense), net, including interest income	665			1,081			1,062			1,336
Total other expense	(6,405		)	(19,133		)	(20,937		)	(19,945		)
(Loss) income before income taxes	38,815			20,476			4,769			(294,013		)
Income tax benefit	(7,521		)	(2,832		)	1,547			37,938
Net (loss) income	31,294			17,644			6,316			(256,075		)
Less: Net loss attributable to non-controlling interest	—			—			—			(13		)
Net (loss) income attributable to U.S. Silica Holdings, Inc.	$	31,294		$	17,644		$	6,316		$	(256,062	)
Earnings (loss) per share, basic	$	0.39		$	0.23		$	0.08		$	(3.44	)
Earnings (loss) per share, diluted	$	0.39		$	0.22		$	0.08		$	(3.44	)
Weighted average shares, basic	79,496			77,784			77,365			74,485
Weighted average shares, diluted	80,309			78,480			77,859			74,485
Dividends declared per share	$	0.06		$	0.06		$	0.06		$	0.06