XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 23,409 $ 65,690 $ 97,003 $ 185,406
Cost of goods sold 18,227 38,555 71,221 122,228
Gross profit 5,182 27,135 25,782 63,178
Operating expenses:        
Salaries, benefits and payroll taxes 2,058 2,958 7,115 8,466
Depreciation and amortization 440 623 1,354 1,954
Selling, general and administrative 3,933 2,693 10,393 8,283
Change in the estimated fair value of contingent consideration 0 (1,215) (1,020) (2,757)
Impairment loss 0 7,628 0 7,628
Total operating expenses 6,431 12,687 17,842 23,574
Operating (loss) income (1,249) 14,448 7,940 39,604
Other income (expenses):        
Gain on bargain purchase 39,889 0 39,889 0
Interest expense, net (497) (968) (1,576) (2,943)
Other income 80 15 162 89
Total other income (expenses), net 39,472 (953) 38,475 (2,854)
Income before income tax expense 38,223 13,495 46,415 36,750
Income tax expense 1,941 2,569 5,576 7,515
Net income $ 36,282 $ 10,926 $ 40,839 $ 29,235
Net income per common share:        
Basic (in dollars per share) $ 0.91 $ 0.27 $ 1.02 $ 0.73
Diluted (in dollars per share) $ 0.91 $ 0.27 $ 1.02 $ 0.73
Weighted-average number of common shares:        
Basic (in shares) 39,973 40,233 39,903 40,102
Diluted (in shares) 39,973 40,240 39,903 40,163