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Consolidated Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Consolidated Income Statements    
Revenues $ 325,225 $ 192,748
Cost of sales 162,332 121,084
Gross profit 162,893 71,664
Operating expenses:    
Selling, general and administrative 28,591 26,566
Amortization 2,793 2,793
Total operating expenses 31,384 29,359
Operating income 131,509 42,305
Other (expense) income:    
Interest expense (14,327) (11,376)
Other income   2,470
Total other expense (14,327) (8,906)
Income before income taxes 117,182 33,399
Income tax expense 13,381 1,140
Net income $ 103,801 $ 32,259
Net income per common share - Basic $ 2.31 $ 0.74
Net income per common share - Diluted $ 2.20 $ 0.69
Weighted average number of shares outstanding - Basic 44,990,104 43,765,443
Weighted average number of shares outstanding - Diluted 47,109,018 46,640,822