Quarterly report pursuant to sections 13 or 15(d)

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

v2.4.0.8
Condensed Consolidated Statements of Operations and Statements of Comprehensive Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net revenues:        
Rentals $ 13,618 $ 12,973 $ 27,061 $ 25,878
Product Sales 1,044 1,099 2,302 2,542
Net revenues 14,662 14,072 29,363 28,420
Cost of revenues:        
Cost of revenues - Product, service and supply costs 2,845 2,148 5,424 4,383
Cost of revenues - Pump depreciation and disposals 1,487 1,650 3,186 3,327
Gross profit 10,330 10,274 20,753 20,710
Selling, general and administrative expenses:        
Provision for doubtful accounts 1,327 893 2,987 2,140
Amortization of intangibles 652 674 1,324 1,358
Selling and marketing 2,482 2,541 4,890 5,286
General and administrative 5,008 6,137 10,039 12,410
Total sales, general and administrative 9,469 10,245 19,240 21,194
Operating income (loss) 861 29 1,513 (484)
Other (expense) income:        
Interest expense (924) (663) (1,798) (1,264)
Loss on extinguishment of long term debt   (552)   (552)
Other income 24   336 2
Total other expense (900) (1,215) (1,462) (1,814)
(Loss) income before income taxes (39) (1,186) 51 (2,298)
Income tax benefit 144 358 105 555
Net income (loss) 105 (828) 156 (1,743)
Net income (loss) per share:        
Basic $ 0.00 $ (0.04) $ 0.01 $ (0.08)
Diluted $ 0.00 $ (0.04) $ 0.01 $ (0.08)
Weighted average shares outstanding:        
Basic 21,860,866 21,196,085 21,831,852 21,164,315
Diluted 22,015,499 21,196,085 22,052,151 21,164,315
Comprehensive Income (Loss)        
Net income (loss) 105 (828) 156 (1,743)
Unrealized gain on interest rate swap, net of taxes       1
Reclassification of hedging losses, net of taxes   (111)   (111)
Comprehensive income (loss) $ 105 $ (939) $ 156 $ (1,853)