Selected Quarterly Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

The following table shows selected quarterly data for 2020 and 2019, in thousands, except earnings per share.


	2020 Quarters
	1st		2nd		3rd		4th

Revenues	$	177,418	$	168,715	$	165,505	$	150,021
Costs and operating expenses	$	161,256	$	156,213	$	151,320	$	138,107
Operating income	$	9,734	$	(21,910)	$	14,185	$	11,914
Net income (1)	$	3,332	$	(22,624)	$	8,108	$	6,013

Basic earnings per share:
Net income (1)	$	0.30	$	(2.05)	$	0.73	$	0.54
Basic weighted average shares outstanding	11,000		11,041		11,043		11,052

Diluted earnings per share:
Net income	$	0.30	$	(2.05)	$	0.73	$	0.54
Diluted weighted average shares outstanding	11,101		11,041		11,100		11,141


	2019 Quarters
	1st		2nd		3rd		4th

Revenues	$	169,919	$	189,111	$	198,326	$	195,271
Costs and operating expenses	$	158,106	$	172,695	$	181,111	$	180,458
Operating income	$	11,813	$	16,416	$	17,215	$	14,813
Net income	$	6,603	$	9,898	$	10,527	$	9,996

Basic earnings per share:
Net income	$	0.60	$	0.90	$	0.96	$	0.92
Basic weighted average shares outstanding	10,920		10,970		10,970		10,970

Diluted earnings per share:
Net income	$	0.60	$	0.89	$	0.95	$	0.90
Diluted weighted average shares outstanding	10,974		11,073		11,060		11,071

(1) Operating income for the first quarter of 2020 includes a $7.5 million loss of our Prime Turbines business offset by a $1.1 million gain from the sale of a Miami, FL real estate holding. Operating income for the second quarter of 2020 includes a $33.7 million goodwill and intangible asset impairment charge and a $678 thousand loss from the sale of all of the inventory assets of our CT Aerospace subsidiary.