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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Consolidated Statements of Income (unaudited)        
Revenues $ 76,496 $ 89,502 $ 244,169 $ 277,781
Cost of sales 45,916 45,263 146,632 130,225
Gross profit 30,580 44,239 97,537 147,556
Operating expenses:        
Selling, general and administrative 6,760 7,219 22,010 21,057
Amortization 698 698 2,095 2,095
Total operating expenses 7,458 7,917 24,105 23,152
Operating income 23,122 36,322 73,432 124,404
Other expense:        
Net interest expense 4,358 2,365 8,106 12,293
Income before income taxes 18,764 33,957 65,326 112,111
Income tax expense 5,182 4,601 17,024 13,390
Net income $ 13,582 $ 29,356 $ 48,302 $ 98,721
Net income per common share - Basic $ 0.30 $ 0.65 $ 1.07 $ 2.20
Net income per common share - Diluted $ 0.29 $ 0.62 $ 1.02 $ 2.10
Weighted average number of shares outstanding - Basic 45,404,963 45,063,810 45,348,072 44,935,739
Weighted average number of shares outstanding - Diluted 47,345,380 47,181,424 47,319,464 47,053,010