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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Note 13- Quarterly Financial Data (Unaudited) The Company’s operating results vary from period to period as a result of weather conditions, requirements of potential customers, non-recurring refrigerant and service sales, availability and price of refrigerant products (virgin or reclaimable), changes in reclamation technology and regulations, timing in introduction and/or retrofit or replacement of refrigeration equipment, the rate of expansion of the Company's operations, and by other factors.
(in thousands, except share and per share data) |  | For the Year Ended 2017 |  |  |  |
|  | Q1 |  | Q2 |  | Q3 |  | Q4 (b) |  | Total (a) |
Revenues |  | $ | 38,830 |  | $ | 52,231 |  | $ | 24,706 |  | $ | 24,613 |  | $ | 140,380 |
Gross profit |  | $ | 12,467 |  | $ | 17,420 |  | $ | 5,070 |  | $ | 3,027 |  | $ | 37,984 |
Operating expenses |  | $ | 3,074 |  | $ | 3,520 |  | $ | 3,594 |  | $ | 12,664 |  | $ | 22,852 |
Operating income (loss) |  | $ | 9,393 |  | $ | 13,900 |  | $ | 1,476 |  | $ | (9,637) |  | $ | 15,132 |
Other (expense) |  | $ | (85) |  | $ | (61) |  | $ | (24) |  | $ | (2,958) |  | $ | (3,128) |
Income (loss) before income taxes |  | $ | 9,308 |  | $ | 13,839 |  | $ | 1,452 |  | $ | (12,595) |  | $ | 12,004 |
Income tax expense (benefit) |  | $ | 3,574 |  | $ | 5,314 |  | $ | (652) |  | $ | (7,389) |  | $ | 847 |
Net income (loss) |  | $ | 5,734 |  | $ | 8,525 |  | $ | 2,104 |  | $ | (5,206) |  | $ | 11,157 |
Net income (loss) per common share – Basic (a) |  | $ | 0.14 |  | $ | 0.21 |  | $ | 0.05 |  | $ | (0.12) |  | $ | 0.27 |
Net income (loss) per common share – Diluted (a) |  | $ | 0.13 |  | $ | 0.20 |  | $ | 0.05 |  | $ | (0.12) |  | $ | 0.26 |
Weighted average number of shares outstanding – Basic |  |  | 41,507,941 |  |  | 41,567,848 |  |  | 41,869,528 |  |  | 42,216,987 |  |  | 41,764,230 |
Weighted average number of shares outstanding – Diluted |  |  | 43,503,889 |  |  | 43,550,226 |  |  | 43,463,982 |  |  | 42,216,987 |  |  | 42,766,843 |
| (a) | The sum of the net earnings per share may not add up to the full year amount due to rounding and because the quarterly calculations are based on varying numbers of shares outstanding.
| (b) | As discussed previously, the fourth quarter 2017 results include the results of ARI subsequent to the acquisition on October 10, 2017.
|  | For the Year Ended 2016 |  |  |  |
|  | Q1 |  | Q2 |  | Q3 |  | Q4 |  | Total (a) |
Revenues |  | $ | 28,167 |  | $ | 34,605 |  | $ | 34,930 |  | $ | 7,779 |  | $ | 105,481 |
Gross profit |  | $ | 7,522 |  | $ | 10,491 |  | $ | 12,040 |  | $ | 1,033 |  | $ | 31,086 |
Operating expenses |  | $ | 2,503 |  | $ | 2,347 |  | $ | 4,022 |  | $ | 3,267 |  | $ | 12,139 |
Operating income (loss) |  | $ | 5,019 |  | $ | 8,144 |  | $ | 8,018 |  | $ | (2,234) |  | $ | 18,947 |
Other Income (expense) |  | $ | (271) |  | $ | (352) |  | $ | (296) |  | $ | (763) |  | $ | (1,682) |
Income (loss) before income taxes |  | $ | 4,748 |  | $ | 7,792 |  | $ | 7,722 |  | $ | (2,997) |  | $ | 17,265 |
Income tax expense (benefit) |  | $ | 1,804 |  | $ | 2,962 |  | $ | 2,933 |  | $ | (1,071) |  | $ | 6,628 |
Net income (loss) |  | $ | 2,944 |  | $ | 4,830 |  | $ | 4,789 |  | $ | (1,926) |  | $ | 10,637 |
Net income (loss) per common share – Basic |  | $ | 0.09 |  | $ | 0.15 |  | $ | 0.14 |  | $ | (0.05) |  | $ | 0.31 |
Net income (loss) per common share – Diluted |  | $ | 0.09 |  | $ | 0.14 |  | $ | 0.14 |  | $ | (0.05) |  | $ | 0.30 |
Weighted average number of shares outstanding – Basic |  |  | 32,888,659 |  |  | 33,128,518 |  |  | 33,873,479 |  |  | 36,527,250 |  |  | 34,104,476 |
Weighted average number of shares outstanding – Diluted |  |  | 33,944,876 |  |  | 34,270,337 |  |  | 35,297,585 |  |  | 36,527,250 |  |  | 35,416,910 |
| (a) | The sum of the net earnings per share may not add up to the full year amount due to rounding and because the quarterly calculations are based on varying numbers of shares outstanding.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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