Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v2.3.0.11
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net revenues:        
Rentals $ 12,973 $ 11,467 $ 25,878 $ 23,019
Product Sales 1,099 1,666 2,542 3,071
Net revenues 14,072 13,133 28,420 26,090
Cost of revenues:        
Cost of revenues - Product, service and supply costs 2,148 2,174 4,383 4,316
Cost of revenues - Pump depreciation, and disposals 1,650 1,971 3,327 3,732
Gross profit 10,274 8,988 20,710 18,042
Selling, general and administrative expenses:        
Provision for doubtful accounts 893 927 2,140 2,149
Amortization of intangibles 674 663 1,358 1,309
Asset impairment charges   44,213   44,213
Selling and marketing 2,541 2,326 5,286 4,769
General and administrative 6,137 4,251 12,410 8,767
Total sales, general and administrative: 10,245 52,380 21,194 61,207
Operating income (loss) 29 (43,392) (484) (43,165)
Other income (expense):        
Gain on derivatives   83   83
Interest expense (663) (564) (1,264) (1,105)
Loss on extinguishment of long term debt (552)   (552)  
Other income   2 2  
Total other loss (1,215) (479) (1,814) (1,022)
Loss before income taxes (1,186) (43,871) (2,298) (44,187)
Income tax benefit 358 15,985 555 16,131
Net loss (828) (27,886) (1,743) (28,056)
Net loss per share:        
Basic $ (0.04) $ (1.32) $ (0.08) $ (1.33)
Diluted $ (0.04) $ (1.32) $ (0.08) $ (1.33)
Weighted average shares outstanding:        
Basic 21,196,085 21,059,292 21,164,315 21,080,683
Diluted 21,196,085 21,059,292 21,164,315 21,080,683
Comprehensive Loss        
Net loss (828) (27,886) (1,743) (28,056)
Unrealized (loss) gain on interest rate swap, net of taxes   (81) 1 (34)
Reclassification of hedging losses, net of taxes (111)   (111)  
Comprehensive Loss $ (939) $ (27,967) $ (1,853) $ (28,090)