Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 4 Months Ended 12 Months Ended
Apr. 20, 2017
Dec. 31, 2017
Dec. 31, 2016
Revenues, net of discounts   $ 243,409 $ 12,269
Cost of revenues   206,394 8,848
Gross profit   37,015 3,421
Operating expenses      
Compensation expense -selling general and administrative   19,413 2,313
Selling, general and administrative expenses   13,477 1,736
Amortization of intangible assets   2,597
Travel expense   606 319
Occupancy costs   851 745
Loss on sale of asset   31 484
Transaction expenses   1,666 226
Total operating expenses   38,641 5,823
Operating income (loss)   (1,626) (2,402)
Other expenses      
Interest expense   (5,819) (2,272)
Amortization of deferred financing costs and debt discount   (6,349) (725)
Change in warrant fair market valuation   (65)
Other (expense) income, net   (123)  
Incentive expenses   (35)
Extinguishment loss   (314)
Financing costs   (5,552) (422)
Total other expenses, net   (17,843) (3,833)
(Loss) income before provision for income taxes   (194,769) (6,235)
Provision for income taxes   560
Net (loss) income   (20,029) (6,235)
Preferred stock dividends   (80) (79)
Net (loss) income attributable to common shareholders   $ (20,109) $ (6,314)
Loss per common share:      
Basic and diluted   $ (4.23) $ (0.10)
Weighted average number of common shares outstanding      
Basic and diluted   4,748,563 2,590,806
Predecessor [Member]      
Revenues, net of discounts $ 42,089   $ 386,923
Cost of revenues 33,789   322,641
Gross profit 8,300   64,282
Operating expenses      
Compensation expense -selling general and administrative 5,671   26,144
Selling, general and administrative expenses 2,009   20,748
Amortization of intangible assets  
Travel expense 22  
Occupancy costs 160  
Loss on sale of asset  
Transaction expenses  
Total operating expenses 7,862   46,892
Operating income (loss) 438   17,391
Other expenses      
Interest expense  
Amortization of deferred financing costs and debt discount  
Change in warrant fair market valuation  
Other (expense) income, net 56   174
Incentive expenses  
Extinguishment loss  
Financing costs  
Total other expenses, net 56   174
(Loss) income before provision for income taxes 494   17,565
Provision for income taxes 240   1,316
Net (loss) income 254   16,249
Preferred stock dividends  
Net (loss) income attributable to common shareholders $ 254   $ 16,249