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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Consolidated Statements of Income    
Revenues $ 77,199 $ 84,338
Cost of sales 46,869 38,518
Gross profit 30,330 45,820
Operating expenses:    
Selling, general and administrative 6,977 6,824
Amortization 698 698
Total operating expenses 7,675 7,522
Operating income 22,655 38,298
Other income (expense) :    
Interest expense 1,849 7,305
Income before income taxes 20,806 30,993
Income tax expense 5,275 1,438
Net income $ 15,531 $ 29,555
Net income per common share - Basic $ 0.34 $ 0.66
Net income per common share - Diluted $ 0.33 $ 0.63
Weighted average number of shares outstanding - Basic 45,298,514 44,779,822
Weighted average number of shares outstanding - Diluted 47,311,027 46,736,471