XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 79,400 $ 70,500 $ 144,300 $ 130,800
Cost of sales:        
Cost of service [1] (20,500) (17,800) (35,500) (34,600)
Cost of product sales [1] (8,400) (4,600) (15,100) (7,100)
Selling, general and administrative expenses (26,600) (25,700) (55,800) (48,900)
Acquisition and integration related transaction expenses (200)
Depreciation and amortization (10,100) (10,200) (19,500) (20,900)
Net operating income 13,800 12,200 18,400 19,100
Other expense        
Interest expense, net (7,300) (5,900) (13,600) (12,400)
Gain on disposal of business 900
Other finance income 100 300 200 600
Total other expense, net (7,200) (5,600) (13,400) (10,900)
Net income before income taxes 6,600 6,600 5,000 8,200
Income tax (expense) benefit (1,000) (200) (800) (300)
Net income 5,600 6,400 4,200 7,900
Other comprehensive income:        
Foreign currency translation (loss) gain (2,700) 9,000 (5,600) 12,500
Reclassification of loss on hedging instrument to comprehensive income 100 200 300 400
Actuarial gains (losses) on pension plan 300 (800) 500 (700)
Other comprehensive (loss) income (2,300) 8,400 (4,800) 12,200
Comprehensive income (loss) $ 3,300 $ 14,800 $ (600) $ 20,100
Net income per common share – basic $ 0.20 $ 0.23 $ 0.15 $ 0.28
Net income per common share - diluted $ 0.19 $ 0.22 $ 0.14 $ 0.27
Weighted average number of shares outstanding during the period – basic 28,186,725 28,426,248 28,081,041 28,431,576
Weighted average number of shares outstanding during the period – diluted 29,073,078 29,349,718 29,023,288 29,446,526
Stock-based compensation included in:        
Selling, general and administrative expenses $ (3,100) $ (2,600) $ (6,000) $ (5,400)
Service [Member]        
Revenue:        
Total revenue 67,500 64,100 125,000 120,100
Product Sales [Member]        
Revenue:        
Total revenue $ 11,900 $ 6,400 $ 19,300 $ 10,700
[1] Excluding depreciation and amortization