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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 422,828 $ 369,818 $ 1,275,959 $ 1,106,014
Operating costs and expenses:        
Cost of revenue, excluding depreciation and amortization expense (331,235) (315,825) (1,006,242) (924,420)
General and administrative expense, excluding depreciation and amortization expense (20,467) (15,437) (65,905) (44,908)
Depreciation and amortization expense (40,391) (37,414) (121,184) (109,386)
Merger and integration expense (1,437) (817) (12,387) (4,332)
Severance and other expense (3,181) (1,897) (8,007) (5,487)
Total operating cost and expenses (396,711) (371,390) (1,213,725) (1,088,533)
Operating income (loss) 26,117 (1,572) 62,234 17,481
Other income (expense), net 262 (1,129) 1,081 (3,540)
Interest and finance expense, net (3,895) (373) (10,713) (1,688)
Income (loss) before taxes and equity in income of joint ventures 22,484 (3,074) 52,602 12,253
Equity in income of joint ventures 4,241 2,495 12,955 7,736
Income (loss) before income taxes 26,725 (579) 65,557 19,989
Income tax expense (10,450) (13,307) (36,673) (30,931)
Net income (loss) $ 16,275 $ (13,886) $ 28,884 $ (10,942)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.14 $ (0.13) $ 0.25 $ (0.1)
Diluted (in dollars per share) $ 0.14 $ (0.13) $ 0.25 $ (0.1)
Weighted average common shares outstanding:        
Basic (in shares) 117,467,994 108,777,429 113,887,885 108,764,599
Diluted (in shares) 118,293,677 108,777,429 115,605,215 108,764,599