XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues: $ 34,479 $ 23,409 $ 91,568 $ 97,003
Cost of goods sold 36,526 18,227 100,952 71,221
Gross profit (2,047) 5,182 (9,384) 25,782
Operating expenses:        
Salaries, benefits and payroll taxes 2,490 2,058 7,150 7,115
Depreciation and amortization 352 440 1,490 1,354
Selling, general and administrative 3,867 3,933 10,876 10,393
Bad debt expense 0 0 19,592 0
Change in the estimated fair value of contingent consideration 0 0 0 (1,020)
Total operating expenses 6,709 6,431 39,108 17,842
Operating (loss) income (8,756) (1,249) (48,492) 7,940
Gain on bargain purchase 0 39,889 0 39,889
Interest expense, net (467) (497) (1,527) (1,576)
Other income 1,792 80 5,457 162
Total other (expenses) income, net 1,325 39,472 3,930 38,475
(Loss) income before income tax (benefit) expense (7,431) 38,223 (44,562) 46,415
Income tax (benefit) expense (169) 1,941 (6,121) 5,576
Net (loss) income $ (7,262) $ 36,282 $ (38,441) $ 40,839
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.17) $ 0.91 $ (0.92) $ 1.02
Diluted (in dollars per share) $ (0.17) $ 0.91 $ (0.92) $ 1.02
Weighted-average number of common shares:        
Basic (in shares) 41,850 39,973 41,743 39,903
Diluted (in shares) 41,850 39,973 41,743 39,903
Shortfall Revenues [Member]        
Revenues: $ 2,680 $ 6,842 $ 4,421 $ 22,148
Logistics [Member]        
Revenues: 456 4,122 3,856 24,046
Sand        
Revenues: $ 31,343 $ 12,445 $ 83,291 $ 50,809