Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Net revenues:    
Rentals $ 64,536 $ 58,718
Product sales 7,589 7,769
Net revenues 72,125 66,487
Cost of revenues:    
Cost of revenues - Product, service and supply costs 13,802 12,165
Cost of revenues - Pump depreciation and loss on disposal 7,139 6,968
Gross profit 51,184 47,354
Selling, general and administrative expenses:    
Provision for doubtful accounts 5,234 5,774
Amortization of intangible assets 2,884 2,516
Selling and marketing 10,424 9,745
General and administrative 23,778 19,988
Total selling, general and administrative 42,320 38,023
Operating income 8,864 9,331
Other income (expense):    
Interest expense (1,705) (3,134)
Loss on extinguishment of long-term debt (1,599)  
Other income 13 13
Total other expense (3,291) (3,121)
Income before income taxes 5,573 6,210
Income tax expense (1,830) (2,853)
Net income $ 3,743 $ 3,357
Net income per share:    
Basic $ 0.17 $ 0.15
Diluted $ 0.16 $ 0.15
Weighted average shares outstanding:    
Basic 22,414,587 22,154,199
Diluted 22,843,235 22,552,093