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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue, net:    
Revenue, net $ 36,974 $ 40,799
Operating costs and expenses:    
Selling, general, and administrative expense 17,942 18,423
Depreciation and amortization expense 5,365 5,015
Total operating costs and expenses 31,844 32,878
Income (loss) from operations 5,130 7,921
Other expense, net:    
Interest expense, net (182) (573)
Gain (loss) on sale of property 0 69
Loss on asset disposal (9) 0
Unrealized gain (loss) on equity securities 249 (33)
Other income (expense), net (1,125) 40
Total other expense, net (1,067) (497)
Income before income tax expense 4,063 7,424
Income tax expense (937) (1,723)
Net income 3,126 5,701
Accumulated dividends on redeemable convertible preferred stock 0 314
Net income available to common shareholders $ 3,126 $ 5,387
Basic earnings per share $ 0.11 $ 0.45
Diluted earnings per share $ 0.11 $ 0.29
Basic weighted-average common shares outstanding 29,768,568 11,951,137
Diluted weighted-average common shares outstanding 29,768,568 19,677,507
Comprehensive income:    
Net income $ 3,126 $ 5,701
Foreign currency translation adjustment, net of tax (511) 0
Net comprehensive income 2,615 5,701
Tool Rental    
Revenue, net:    
Revenue, net 29,966 32,276
Operating costs and expenses:    
Operating costs and expenses 7,001 8,137
Product Sale    
Revenue, net:    
Revenue, net 7,008 8,523
Operating costs and expenses:    
Operating costs and expenses $ 1,536 $ 1,303