v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenue $ 393,182 $ 422,740 $ 760,755 $ 813,612
Operating costs and expenses:        
Cost of revenue, excluding depreciation and amortization expense (311,158) (319,981) (608,772) (625,473)
General and administrative expense, excluding depreciation and amortization expense (19,655) (14,499) (37,549) (36,313)
Depreciation and amortization expense (45,792) (46,716) (91,187) (92,137)
Merger and integration expense (3,634) (2,267) (3,922) (4,007)
Severance and other expense (2,572) (6,711) (5,798) (12,793)
Total operating cost and expenses (382,811) (390,174) (747,228) (770,723)
Operating income 10,371 32,566 13,527 42,889
Other (expense) income, net (242) 280 105 1,934
Interest and finance expense, net (2,712) (4,279) (4,263) (7,730)
Income before taxes and equity in income of joint ventures 7,417 28,567 9,369 37,093
Equity in income of joint ventures 2,763 3,395 5,994 7,101
Income before income taxes 10,180 31,962 15,363 44,194
Income tax expense (8,152) (13,959) (14,369) (12,243)
Net income $ 2,028 $ 18,003 $ 994 $ 31,951
Earnings per common share:        
Basic (in dollars per share) $ 0.02 $ 0.16 $ 0.01 $ 0.28
Diluted (in dollars per share) $ 0.02 $ 0.16 $ 0.01 $ 0.27
Weighted average common shares outstanding:        
Basic (in shares) 113,098,653 115,444,915 113,360,028 115,829,219
Diluted (in shares) 114,446,970 115,508,918 115,049,304 116,216,865