Quarterly Information (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Data (Unaudited)

Schedule of quarterly financial information

	Quarter Ended ($ in thousands, except per share amounts)
2019	March 31,		June 30,		September 30,		December 31,
Total Revenue	$	81,982	$	81,358	$	81,643	$	76,113
Gross Profit	$	37,754	$	39,172	$	38,556	$	31,531
Operating Income (loss) (a)	$	(10,891)	$	24,554	$	23,031	$	11,457
Net Income (loss) (a)	$	(13,979)	$	10,580	$	9,569	$	66
Weighted average number of shares outstanding - basic and diluted		79,589,905		100,217,035		100,102,641		97,835,525
Net Income (loss) per share - basic and diluted	$	(0.18)	$	0.11	$	0.10	$	0.00
	Quarter Ended ($ in thousands, except per share amounts)
2018	March 31,		June 30,		September 30,		December 31,
Total Revenue	$	38,646	$	45,476	$	60,326	$	96,152
Gross Profit (b)	$	16,103	$	21,742	$	26,354	$	26,035
Operating Income (loss) (b)	$	(1,175)	$	11,921	$	7,935	$	22,228
Net Income (loss) (b)	$	(4,194)	$	4,424	$	849	$	3,877
Weighted average number of shares outstanding - basic and diluted		25,686,327		25,686,327		38,495,023		74,786,327
Net Income (loss) per share - basic and diluted	$	(0.16)	$	0.17	$	0.02	$	0.05

(a) As discussed in Note 3, the Company recognized approximately $38.1 million of expenses in connection with the Business Combination during the first quarter of 2019. Additionally, as discussed in Note 6, the Company recognized a loss on the sale of other property, plant and equipment of approximately $6.9 million during the fourth quarter of 2019.

As discussed in Note 7, the Company recognized an asset impairment charge of $15.3 million during the fourth quarter of 2018.