Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (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
REVENUES        
REVENUES $ 47,747 $ 62,715 $ 150,488 $ 197,241
OPERATING COSTS AND EXPENSES        
Cost of sales and processing (including depreciation and amortization of $3,887, $3,254, $11,373 and $11,611, respectively) 39,290 53,148 127,786 167,036
    GROSS PROFIT 8,457 9,567 22,702 30,205
GENERAL AND ADMINISTRATIVE EXPENSES        
General and administrative 5,766 6,401 18,729 18,532
Depreciation 209 208 637 629
GENERAL AND ADMINISTRATIVE EXPENSES 5,975 6,609 19,366 19,161
OPERATING INCOME 2,482 2,958 3,336 11,044
OTHER INCOME (EXPENSE)        
Interest income 0 0 0 5
Interest expense (508) (1,211) (2,159) (4,111)
Miscellaneous income (expense), net (13) 74 (7) 330
OTHER INCOME (EXPENSE) (521) (1,137) (2,166) (3,776)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,961 1,821 1,170 7,268
INCOME TAX EXPENSE (BENEFIT) 853 238 (3,942) 1,412
INCOME FROM CONTINUING OPERATIONS 1,108 1,583 5,112 5,856
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX 21,324 (1,002) 26,179 (1,120)
NET INCOME $ 22,432 $ 581 $ 31,291 $ 4,736
Basic Earnings per Common Share        
Net income from continuing operations (in dollars per share) $ 0.04 $ 0.06 $ 0.21 $ 0.24
Net income (loss) from discontinued operations, net of tax (in dollars per share) 0.86 (0.04) 1.06 (0.05)
Net income (in dollars per share) $ 0.90 $ 0.02 $ 1.27 $ 0.19
Basic weighted average number of common shares outstanding (in shares) 24,817 24,717 24,795 24,689
Diluted Earnings per Common Share        
Net income from continuing operations (in dollars per share) $ 0.04 $ 0.06 $ 0.20 $ 0.23
Net income (loss) from discontinued operations, net of tax (in dollars per share) 0.84 (0.04) 1.04 (0.04)
Net income (in dollars per share) $ 0.88 $ 0.02 $ 1.24 $ 0.19
Diluted weighted average number of common shares outstanding (in shares) 25,394 25,053 25,179 25,077
Product sales        
REVENUES        
REVENUES $ 43,570 $ 59,111 $ 137,460 $ 185,933
Processing fees        
REVENUES        
REVENUES $ 4,177 $ 3,604 $ 13,028 $ 11,308