QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The quarterly results of operations shown below are derived from unaudited financial statements for the eight quarters ended December 31, 2020 (in thousands, except per share data, rounding may apply):


	Year Ended December 31, 2020
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total

Revenues	$	62,067	$	40,674	$	47,747	$	58,138	$	208,626
Gross profit	8,078		6,167		8,457		5,976		28,678

Net income (loss) from continuing operations	$	5,863	$	(1,859)	$	1,108	$	(146)	$	4,966
Net income (loss) from discontinued operations, net of tax	4,857		(2)		21,324		30		26,209
Net income (loss)	10,720		(1,861)		22,432		(116)		31,175

Basic EPS (1) from continuing operations	$	0.24	$	(0.07)	$	0.04	$	(0.01)	$	0.20
Basic EPS (1) from discontinued operations	0.20		—		0.86		—		1.06
Basic EPS (1)	0.44		(0.07)		0.90		(0.01)		1.26

Diluted EPS (1) from continuing operations	$	0.23	$	(0.07)	$	0.04	$	(0.01)	$	0.20
Diluted EPS (1) from discontinued operations	0.19		—		0.84		—		1.03
Diluted EPS (1)	0.42		(0.07)		0.88		(0.01)		1.23


	Year Ended December 31, 2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total

Revenues	$	65,155	$	69,371	$	62,715	$	61,718	$	258,959
Gross profit	10,073		10,565		9,567		8,310		38,515

Net income (loss) from continuing operations	$	1,797	$	2,476	$	1,583	$	(18,740)	$	(12,884)
Net income (loss) from discontinued operations, net of tax	(46)		(72)		(1,002)		(970)		(2,090)
Net income (loss)	1,751		2,404		581		(19,710)		(14,974)

Basic EPS (1) from continuing operations	$	0.07	$	0.10	$	0.06	$	(0.76)	$	(0.52)
Basic EPS (1) from discontinued operations	—		—		(0.04)		(0.04)		(0.08)
Basic EPS (1)	0.07		0.10		0.02		(0.80)		(0.61)

Diluted EPS (1) from continuing operations	$	0.07	$	0.10	$	0.06	$	(0.76)	$	(0.52)
Diluted EPS (1) from discontinued operations	—		—		(0.04)		(0.04)		(0.08)
Diluted EPS (1)	0.07		0.10		0.02		(0.80)		(0.61)

(1)Basic and diluted earnings per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.