Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v2.4.0.6
Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net revenues:        
Rentals $ 13,025 $ 11,880 $ 38,903 $ 35,502
Product Sales 1,150 2,625 3,692 5,093
Net revenues 14,175 14,505 42,595 40,595
Cost of revenues:        
Cost of revenues - Product, service and supply costs 2,377 2,346 6,760 6,662
Cost of revenues - Pump depreciation and disposals 1,601 2,927 4,928 6,659
Gross profit 10,197 9,232 30,907 27,274
Selling, general and administrative expenses:        
Provision for doubtful accounts 979 884 3,119 3,033
Amortization of intangibles 670 683 2,028 1,992
Asset impairment charges   23,379   67,592
Selling and marketing 2,349 2,320 7,635 7,089
General and administrative 5,278 4,460 17,688 13,227
Total sales, general and administrative 9,276 31,726 30,470 92,933
Operating income (loss) 921 (22,494) 437 (65,659)
Other income (expense):        
Gain on derivatives       83
Interest expense (971) (541) (2,235) (1,646)
Loss on extinguishment of long term debt     (552)  
Other expense (136) (118) (134) (118)
Total other expense (1,107) (659) (2,921) (1,681)
Loss before income taxes (186) (23,153) (2,484) (67,340)
Income tax benefit 219 6,530 774 22,661
Net income (loss) 33 (16,623) (1,710) (44,679)
Net income (loss) per share:        
Basic $ 0.00 $ (0.79) $ (0.08) $ (2.12)
Diluted $ 0.00 $ (0.79) $ (0.08) $ (2.12)
Weighted average shares outstanding:        
Basic 21,601,529 21,067,502 21,311,116 21,076,241
Diluted 21,827,365 21,067,502 21,311,116 21,076,241
Comprehensive Income (Loss)        
Net income (loss) 33 (16,623) (1,710) (44,679)
Unrealized (loss) gain on interest rate swap, net of taxes   (67) 1 (101)
Reclassification of hedging losses, net of taxes     (111)  
Comprehensive income (loss) $ 33 $ (16,690) $ (1,820) $ (44,780)