Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Statements of Comprehensive Income

v2.4.0.8
Condensed Consolidated Statements of Operations and Statements of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net revenues:        
Rentals $ 14,795 $ 13,618 $ 29,645 $ 27,061
Product Sales 1,577 1,044 3,969 2,302
Net revenues 16,372 14,662 33,614 29,363
Cost of revenues:        
Cost of revenues - Product, service and supply costs 2,913 2,845 5,803 5,424
Cost of revenues - Pump depreciation and disposals 1,536 1,487 3,812 3,186
Gross profit 11,923 10,330 23,999 20,753
Selling, general and administrative expenses:        
Provision for doubtful accounts 1,438 1,327 3,545 2,987
Amortization of intangibles 625 652 1,254 1,324
Selling and marketing 2,624 2,482 5,279 4,890
General and administrative 4,898 5,008 9,807 10,039
Total selling, general and administrative 9,585 9,469 19,885 19,240
Operating income 2,338 861 4,114 1,513
Other income (expense):        
Interest expense (776) (924) (1,603) (1,798)
Other income 40 24 23 336
Total other expense (736) (900) (1,580) (1,462)
Income/(loss) before income taxes 1,602 (39) 2,534 51
Income tax (expense)/benefit (716) 144 (1,065) 105
Net income 886 105 1,469 156
Net income per share:        
Basic $ 0.04 $ 0.00 $ 0.07 $ 0.01
Diluted $ 0.04 $ 0.00 $ 0.07 $ 0.01
Weighted average shares outstanding:        
Basic 22,146,106 21,860,866 22,059,902 21,831,852
Diluted 22,399,434 22,015,499 22,321,143 22,052,151
Comprehensive Income        
Net income 886 105 1,469 156
Comprehensive income $ 886 $ 105 $ 1,469 $ 156