XML 22 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenue $ 422,740 $ 469,642 $ 813,612 $ 853,131
Operating costs and expenses:        
Cost of revenue, excluding depreciation and amortization expense (319,981) (366,520) (625,473) (675,007)
General and administrative expense, excluding depreciation and amortization expense (14,499) (26,225) (36,313) (45,438)
Depreciation and amortization expense (46,716) (40,647) (92,137) (80,793)
Merger and integration expense (2,267) (8,789) (4,007) (10,950)
Severance and other (expense) income (6,711) 236 (12,793) (4,826)
Total operating cost and expenses (390,174) (441,945) (770,723) (817,014)
Operating income 32,566 27,697 42,889 36,117
Other income, net 280 334 1,934 819
Interest and finance expense, net (4,279) (3,666) (7,730) (6,818)
Income before taxes and equity in income of joint ventures 28,567 24,365 37,093 30,118
Equity in income of joint ventures 3,395 4,856 7,101 8,714
Income before income taxes 31,962 29,221 44,194 38,832
Income tax expense (13,959) (13,935) (12,243) (26,223)
Net income $ 18,003 $ 15,286 $ 31,951 $ 12,609
Earnings per common share:        
Basic (in dollars per share) $ 0.16 $ 0.13 $ 0.28 $ 0.11
Diluted (in dollars per share) $ 0.16 $ 0.13 $ 0.27 $ 0.11
Weighted average common shares outstanding:        
Basic (in shares) 115,444,915 113,979,860 115,829,219 112,078,160
Diluted (in shares) 115,508,918 114,923,702 116,216,865 113,688,752