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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net revenues:        
Rentals $ 14,505 $ 14,493 $ 44,150 $ 41,556
Product Sales 2,108 1,247 6,077 3,547
Net revenues 16,613 15,740 50,227 45,103
Cost of revenues:        
Cost of revenues - Product, service and supply costs 3,221 2,750 9,024 8,174
Cost of revenues - Pump depreciation and disposals 1,662 1,650 5,474 4,836
Gross profit 11,730 11,340 35,729 32,093
Selling, general and administrative expenses:        
Provision for doubtful accounts 1,266 1,795 4,811 4,782
Amortization of intangibles 622 648 1,876 1,972
Selling and marketing 2,483 2,391 7,762 7,281
General and administrative 4,916 4,583 14,723 14,622
Total selling, general and administrative 9,287 9,417 29,172 28,657
Operating income 2,443 1,923 6,557 3,436
Other income (expense):        
Interest expense (752) (838) (2,355) (2,636)
Other income (expense) 3 (7) 26 329
Total other expense (749) (845) (2,329) (2,307)
Income before income taxes 1,694 1,078 4,228 1,129
Income tax expense (842) (429) (1,907) (324)
Net income 852 649 2,321 805
Net income per share:        
Basic $ 0.04 $ 0.03 $ 0.10 $ 0.04
Diluted $ 0.04 $ 0.03 $ 0.10 $ 0.04
Weighted average shares outstanding:        
Basic 22,203,053 21,891,041 22,108,143 21,851,798
Diluted 22,511,159 22,075,532 22,364,999 22,043,998
Comprehensive Income        
Net income 852 649 2,321 805
Comprehensive income $ 852 $ 649 $ 2,321 $ 805