QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Data [Abstract]

Quarterly Financial Information

Summarized quarterly results for the years ended December 31, 2019 and 2018 is presented below (in thousands, except per share data):

2019 by Quarter:	Q1		Q2		Q3		Q4
Revenues	$	68,349	$	82,675	$	85,334	$	83,243
Operating expenses	62,041		70,711		76,898		73,509
Operating income	6,308		11,964		8,436		9,734
Interest expense	2,071		2,288		2,145		2,006
Income before income taxes	4,237		9,676		6,291		7,728
Income tax provision	1,081		2,602		2,253		2,387
Net income	$	3,156	$	7,074	$	4,038	$	5,341
Earnings per share:
Basic and diluted	$	0.09	$	0.19	$	0.11	$	0.14
Weighted-average shares outstanding:
Basic	36,182,783		37,505,598		37,984,316		38,014,444
Diluted	36,195,463		37,594,151		38,286,702		38,274,079

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