Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements Of Operations

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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statements Of Operations        
Net revenues $ 13,133 $ 10,487 $ 26,090 $ 21,421
Cost of revenues:        
Cost of revenues - Product, service and supply costs 2,174 1,719 4,316 3,394
Cost of revenues - Pump depreciation, sales and disposals 1,971 1,248 3,732 2,387
Gross profit 8,988 7,520 18,042 15,640
Selling, general and administrative expenses:        
Provision for doubtful accounts 927 1,076 2,149 2,469
Amortization of intangibles 663 534 1,309 991
Asset impairment charges 44,213   44,213  
Selling and marketing 2,326 1,595 4,769 3,036
General and administrative 4,251 4,569 8,767 7,905
Total sales, general and administrative: 52,380 7,774 61,207 14,401
Operating (loss) income (43,392) (254) (43,165) 1,239
Other loss:        
Gain (loss) on derivatives 83 (71) 83 (460)
Interest expense (564) (1,366) (1,105) (2,172)
Gain on extinguishment of long term debt   1,118   1,118
Other income 2      
Total other loss (479) (319) (1,022) (1,514)
(Loss) before income taxes (43,871) (573) (44,187) (275)
Income tax benefit 15,985 717 16,131 407
Net (loss) income $ (27,886) $ 144 $ (28,056) $ 132
Net (loss) income per share:        
Basic $ (1.32) $ 0.01 $ (1.33) $ 0.01
Diluted $ (1.32) $ 0.01 $ (1.33) $ 0.01
Weighted average shares outstanding:        
Basic 21,059,292 19,798,719 21,080,683 19,353,638
Diluted 21,059,292 20,811,813 21,080,683 19,922,468