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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues $ 166,525 [1] $ 140,380 [1] $ 105,481
Cost of sales 173,890 102,396 74,395
Gross profit (loss) (7,365) [1] 37,984 [1] 31,086
Operating expenses:      
Selling, general and administrative 32,270 21,745 11,651
Amortization 2,973 1,107 488
Total operating expenses 35,243 [1] 22,852 [1] 12,139
Operating income (loss) (42,608) [1] 15,132 [1] 18,947
Other expense:      
Interest expense (14,755) (3,156) (1,118)
Other income (expense) 0 28 (564)
Total other expense (14,755) [1] (3,128) [1] (1,682)
Income (loss) before income taxes (57,363) [1] 12,004 [1] 17,265
Income tax expense (benefit) (1,704) [1] 847 [1] 6,628
Net income (loss) $ (55,659) $ 11,157 $ 10,637
Net income (loss) per common share – Basic $ (1.31) [1] $ 0.27 [1] $ 0.31
Net income (loss) per common share – Diluted $ (1.31) [1] $ 0.26 [1] $ 0.30
Weighted average number of shares outstanding – Basic 42,484,972 [1] 41,764,230 [1] 34,104,476
Weighted average number of shares outstanding – Diluted 42,484,972 [1] 42,766,843 [1] 35,416,910
[1] 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.