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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net revenues:        
Rentals $ 14,493 $ 13,025 $ 41,556 $ 38,903
Product Sales 1,247 1,150 3,547 3,692
Net revenues 15,740 14,175 45,103 42,595
Cost of revenues:        
Cost of revenues - Product, service and supply costs 2,750 2,377 8,174 6,760
Cost of revenues - Pump depreciation and disposals 1,650 1,601 4,836 4,928
Gross profit 11,340 10,197 32,093 30,907
Selling, general and administrative expenses:        
Provision for doubtful accounts 1,795 979 4,782 3,119
Amortization of intangibles 648 670 1,972 2,028
Selling and marketing 2,391 2,349 7,281 7,635
General and administrative 4,583 5,278 14,622 17,688
Total sales, general and administrative 9,417 9,276 28,657 30,470
Operating income 1,923 921 3,436 437
Other (expense) income:        
Interest expense (838) (971) (2,636) (2,235)
Loss on extinguishment of long term debt       (552)
Other (expense) income (7) (136) 329 (134)
Total other expense (845) (1,107) (2,307) (2,921)
Income (loss) before income taxes 1,078 (186) 1,129 (2,484)
Income tax (expense) benefit (429) 219 (324) 774
Net income (loss) 649 33 805 (1,710)
Net income (loss) per share:        
Basic $ 0.03 $ 0.00 $ 0.04 $ (0.08)
Diluted $ 0.03 $ 0.00 $ 0.04 $ (0.08)
Weighted average shares outstanding:        
Basic 21,891,041 21,601,529 21,851,798 21,311,116
Diluted 22,075,532 21,827,365 22,043,998 21,311,116
Comprehensive Income (Loss)        
Net income (loss) 649 33 805 (1,710)
Unrealized gain on interest rate swap, net of taxes       1
Reclassification of hedging losses, net of taxes       (111)
Comprehensive income (loss) $ 649 $ 33 $ 805 $ (1,820)