Annual report pursuant to section 13 and 15(d)

Consolidated Statements Of Operations

v2.3.0.11
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net revenues      
Rentals $ 46,795 $ 43,384 $ 38,606
Product sales 7,842 3,845 358
Net revenues 54,637 47,229 38,964
Cost of revenues:      
Cost of revenues - Product, service and supply costs 9,128 7,730 6,200
Cost of revenues - Pump depreciation, sales and disposals 10,154 5,954 4,127
Gross profit 35,355 33,545 28,637
Selling, general and administrative expenses:      
Provision for doubtful accounts 4,099 4,515 4,006
Amortization of intangibles 2,662 2,259 1,827
Asset impairment charges 67,592    
Selling and marketing 9,371 7,087 5,258
General and administrative 17,987 20,622 12,218
Total sales, general and administrative: 101,711 34,483 23,309
Operating (loss) income (66,356) (938) 5,328
Other income (loss):      
Gain (loss) on derivatives 83 207 (78)
Interest expense (2,193) (3,352) (3,499)
Gain on extinguishment of long term debt   1,118  
Other expense (111) (258)  
Total other loss (2,221) (2,285) (3,577)
(Loss) income before income taxes (68,577) (3,223) 1,751
Income tax benefit (expense) 23,134 1,371 (977)
Net (loss) income $ (45,443) $ (1,852) $ 774
Net (loss) income per share:      
Basic $ (2.16) $ (0.09) $ 0.04
Diluted $ (2.16) $ (0.09) $ 0.04
Weighted average shares outstanding:      
Basic 21,074,093 19,721,378 18,609,797
Diluted 21,074,093 19,721,378 18,931,356