XML 46 R22.htm IDEA: XBRL DOCUMENT v3.19.1
QUARTERLY FINANIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2018
QUARTERLY FINANIAL INFORMATION (UNAUDITED) [Abstract]  
QUARTERLY FINANIAL INFORMATION (UNAUDITED)
NOTE 16 – QUARTERLY FINANIAL INFORMATION (UNAUDITED)

Summarized quarterly results or the year ended December 31, 2018, the Successor Period of February 1, 2017 through December 31, 2017 and Predecessor Period of January 1, 2017 through January 31, 2017 were as follows (in thousands, except per share data):

   
Successor Company
 
2018 by Quarter:
 		  
Q1
   
Q2
   
Q3
   
Q4
  
Year Ended
December 31,
2018
 
Revenues
 $
55,956
  $
70,379
  $
72,508
  $
75,058
  $
273,901
 
Operating expenses
  
53,419
   
64,319
   
74,918
   
68,173
   
260,829
 
Operating income (loss)
  
2,537
   
6,060
   
(2,410
)
  
6,885
   
13,072
 
Interest expense
  
3,284
   
3,392
   
3,434
   
8,338
   
18,448
 
(Loss) income before income taxes
  
(747
)
  
2,668
   
(5,844
)
  
(1,453
)
  
(5,376
)
Income tax (benefit) provision
  
(207
)
  
824
   
7,569
   
(6,318
)
  
1,868
 
Net (loss) income
 $
(540
)
 $
1,844
  $
(13,413
)
 $
4,865
  $
(7,244
)
(Loss) earnings per share:
                    
Basic
 
$
(0.03
)
 
$
0.11
  
$
(0.43
)
 
$
0.13
  
$
(0.28
)
Diluted
 
$
(0.03
)
 
$
0.11
  
$
(0.43
)
 
$
0.13
  
$
(0.28
)
Weighted-average shares outstanding:
                    
Basic
  
17,227,682
   
17,227,682
   
30,975,338
   
36,182,783
   
25,484,386
 
Diluted
  
17,227,682
   
17,227,682
   
30,975,338
   
36,572,071
   
25,484,386
 

2017 by Quarter:
 
Predecessor Company
  
Successor Company
 
  
Period from
January 1, 2017 to
January 31, 2017
  
Period From
February 1, 2017
to March 31, 2017
   
Q2
   
Q3
   
Q4
  
Period From
February 1, 2017
to December 31,
2017
 
Revenues
 $
14,425
  $
31,601
  $
53,777
  $
56,393
  $
59,268
  $
201,039
 
Operating expenses
  
19,332
   
36,987
   
50,140
   
52,546
   
59,558
   
199,231
 
Operating (loss) income
  
(4,907
)
  
(5,386
)
  
3,637
   
3,847
   
(290
)
  
1,808
 
Interest expense
  
614
   
1,375
   
2,120
   
4,612
   
3,341
   
11,448
 
(Loss) income before income taxes
  
(5,521
)
  
(6,761
)
  
1,517
   
(765
)
  
(3,631
)
  
(9,640
)
Income tax (benefit) provision
  
(2,203
)
  
1,000
   
244
   
(191
)
  
(519
)
  
534
 
Net (loss) income
 $
(3,318
)
 $
(7,761
)
 $
1,273
  $
(574
)
 $
(3,112
)
 $
(10,174
)
(Loss) earnings per share:
                        
Basic and Diluted
     
$
(0.45
)
 
$
0.07
  
$
(0.03
)
 
$
(0.18
)
 
$
(0.59
)
Weighted-average shares outstanding:
                     
Basic and Diluted
      
17,227,682
   
17,227,682
   
17,227,682
   
17,227,682
   
17,227,682