Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information (Unaudited)

Schedule of quarterly financial information

	Three Months Ended
	March 31,		June 30,		September 30,		December 31,
(dollars in thousands, except per share amounts)	2020		2020		2020		2020
Net revenues	$	233,739	$	233,434	$	256,637	$	277,340
Material costs		77,241		69,972		81,462		86,735
Personnel costs		89,185		73,822		89,727		98,457
Other operating costs		35,886		8,277		29,935		25,756
General and administrative expenses		28,373		31,874		31,371		27,146
Professional accounting and legal fees		3,396		1,749		2,264		1,768
Depreciation and amortization		8,831		8,879		8,803		8,334
(Loss) income from operations		(9,173)		38,861		13,075		29,144
Interest expense, net		8,269		8,636		8,013		7,527
Non-service defined benefit plan expense		158		158		158		158
(Loss) income before income taxes		(17,600)		30,067		4,904		21,459
(Benefit) provision for income taxes		(1,852)		(987)		(1,911)		5,388
Net (loss) income	$	(15,748)	$	31,054	$	6,815	$	16,071
Other comprehensive (loss) income:
Unrealized (loss) gain on cash flow hedges, net of tax		(8,902)		(573)		1,542		1,299
Unrealized gain (loss) on defined benefit plan, net of tax		29		27		28		(1,114)
Comprehensive (loss) income	$	(24,621)	$	30,508	$	8,385	$	16,256
Basic Per Common Share Data:
Basic (loss) earnings per share	$	(0.42)	$	0.82	$	0.18	$	0.42
Weighted average shares outstanding - basic		37,541,452		37,958,408		38,133,598		38,157,402
Diluted Per Common Share Data:
Diluted (loss) earnings per share	$	(0.42)	$	0.81	$	0.18	$	0.41
Weighted average shares outstanding - diluted		37,541,452		38,325,872		38,637,536		38,911,299

	Three Months Ended
	March 31,		June 30,		September 30,		December 31,
(dollars in thousands, except per share amounts)	2019		2019		2019		2019
Net revenues	$	236,419	$	281,098	$	279,638	$	300,891
Material costs		78,377		91,399		92,034		95,961
Personnel costs		86,711		91,490		94,594		99,430
Other operating costs		33,555		33,741		32,771		34,876
General and administrative expenses		28,282		29,358		29,834		30,591
Professional accounting and legal fees		2,700		3,247		3,629		4,113
Depreciation and amortization		8,773		8,760		9,373		9,019
(Loss) income from operations		(1,979)		23,103		17,403		26,901
Interest expense, net		8,538		8,481		8,954		8,285
Non-service defined benefit plan expense		173		173		173		172
(Loss) income before income taxes		(10,690)		14,449		8,276		18,444
(Benefit) provision for income taxes		(3,739)		4,414		2,585		(306)
Net (loss) income	$	(6,951)	$	10,035	$	5,691	$	18,750
Other comprehensive (loss) income:
Unrealized (loss) gain on cash flow hedges, net of tax		(2,936)		(4,688)		(1,641)		2,064
Unrealized gain (loss) on defined benefit plan, net of tax		6		6		7		(838)
Comprehensive (loss) income	$	(9,881)	$	5,353	$	4,057	$	19,976
Basic Per Common Share Data:
Basic (loss) earnings per share	$	(0.19)	$	0.27	$	0.15	$	0.50
Weighted average shares outstanding - basic		37,001,977		37,299,766		37,349,144		37,411,847
Diluted Per Common Share Data:
Diluted (loss) earnings per share	$	(0.19)	$	0.26	$	0.15	$	0.49
Weighted average shares outstanding - diluted		37,001,977		37,887,559		37,986,860		38,415,108