Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)

v3.20.4
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The quarterly results of operations shown below are derived from unaudited financial statements for the eight quarters ended December 31, 2020 (in thousands, except per share data, rounding may apply):
Year Ended December 31, 2020
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Total
Revenues $ 62,067  $ 40,674  $ 47,747  $ 58,138  $ 208,626 
Gross profit 8,078  6,167  8,457  5,976  28,678 
Net income (loss) from continuing operations $ 5,863  $ (1,859) $ 1,108  $ (146) $ 4,966 
Net income (loss) from discontinued operations, net of tax 4,857  (2) 21,324  30  26,209 
Net income (loss) 10,720  (1,861) 22,432  (116) 31,175 
Basic EPS (1) from continuing operations $ 0.24  $ (0.07) $ 0.04  $ (0.01) $ 0.20 
Basic EPS (1) from discontinued operations 0.20  —  0.86  —  1.06 
Basic EPS (1) 0.44  (0.07) 0.90  (0.01) 1.26 
Diluted EPS (1) from continuing operations $ 0.23  $ (0.07) $ 0.04  $ (0.01) $ 0.20 
Diluted EPS (1) from discontinued operations 0.19  —  0.84  —  1.03 
Diluted EPS (1) 0.42  (0.07) 0.88  (0.01) 1.23 
Year Ended December 31, 2019
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Total
Revenues $ 65,155  $ 69,371  $ 62,715  $ 61,718  $ 258,959 
Gross profit 10,073  10,565  9,567  8,310  38,515 
Net income (loss) from continuing operations $ 1,797  $ 2,476  $ 1,583  $ (18,740) $ (12,884)
Net income (loss) from discontinued operations, net of tax (46) (72) (1,002) (970) (2,090)
Net income (loss) 1,751  2,404  581  (19,710) (14,974)
Basic EPS (1) from continuing operations $ 0.07  $ 0.10  $ 0.06  $ (0.76) $ (0.52)
Basic EPS (1) from discontinued operations —  —  (0.04) (0.04) (0.08)
Basic EPS (1) 0.07  0.10  0.02  (0.80) (0.61)
Diluted EPS (1) from continuing operations $ 0.07  $ 0.10  $ 0.06  $ (0.76) $ (0.52)
Diluted EPS (1) from discontinued operations —  —  (0.04) (0.04) (0.08)
Diluted EPS (1) 0.07  0.10  0.02  (0.80) (0.61)
(1)Basic and diluted earnings per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.