Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 4 Months Ended 12 Months Ended
Apr. 20, 2017
Dec. 31, 2018
Dec. 31, 2017
Revenues, net of discounts   $ 384,755 $ 215,509
Cost of revenues   331,868 185,152
Gross profit   52,887 30,357
Operating expenses      
Compensation expense   47,155 23,973
Selling, general and administrative expenses   40,287 13,518
Amortization of intangible assets   3,751 2,597
(Gain) loss on sale of asset   (13) 31
Transaction expenses   701
Total operating expenses   91,180 40,820
Operating loss   (38,293) (10,463)
Other expenses      
Interest expense   (9,067) (6,309)
Amortization of deferred financing costs and debt discount   (48,248) (15,079)
Gain (loss) on debt derivative   17,177 (35,012)
Change in warrant fair value   11,678 (357)
Loss on issuance of notes   (5,391) (24,262)
Extinguishment gain   26,718 666
Other (expense) income, net   (80) (707)
Total other expenses, net   (7,213) (81,060)
Loss before provision for income taxes   (45,506) (91,523)
Provision for income taxes   1,086 560
Net loss   (46,592) (92,083)
Preferred stock dividends   (80) (80)
Net loss attributable to common shareholders   $ (46,672) $ (92,163)
Loss per common share:      
Basic and diluted   $ (6.07) $ (19.38)
Weighted average number of common shares outstanding      
Basic and diluted   7,688,796 4,756,049
Predecessor [Member]      
Revenues, net of discounts $ 35,191    
Cost of revenues 31,387    
Gross profit 3,804    
Operating expenses      
Compensation expense 5,550    
Selling, general and administrative expenses 2,438    
Amortization of intangible assets    
(Gain) loss on sale of asset    
Transaction expenses    
Total operating expenses 7,988    
Operating loss (4,184)    
Other expenses      
Interest expense    
Amortization of deferred financing costs and debt discount    
Gain (loss) on debt derivative    
Change in warrant fair value    
Loss on issuance of notes    
Extinguishment gain    
Other (expense) income, net 5    
Total other expenses, net 5    
Loss before provision for income taxes (4,179)    
Provision for income taxes    
Net loss (4,179)    
Preferred stock dividends    
Net loss attributable to common shareholders $ (4,179)