Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
REVENUE - Service revenue $ 106,109 $ 529,494 $ 501,178 $ 1,075,673
COSTS AND EXPENSES        
Cost of services (exclusive of depreciation and amortization) 68,193 386,218 369,041 767,741
General and administrative (inclusive of stock-based compensation) 20,331 27,889 45,269 46,414
Depreciation and amortization 40,173 35,482 80,377 68,599
Impairment expense 0 0 16,654 0
Loss on disposal of assets 8,734 31,198 28,588 50,425
Total costs and expenses 137,431 480,787 539,929 933,179
OPERATING INCOME (LOSS) (31,322) 48,707 (38,751) 142,494
OTHER EXPENSE:        
Interest expense (791) (2,026) (2,072) (3,928)
Other expense (267) (276) (271) (464)
Total other expense (1,058) (2,302) (2,343) (4,392)
INCOME (LOSS) BEFORE INCOME TAXES (32,380) 46,405 (41,094) 138,102
INCOME TAX (EXPENSE) BENEFIT 6,460 (10,272) 7,370 (32,164)
NET INCOME (LOSS) $ (25,920) $ 36,133 $ (33,724) $ 105,938
NET INCOME (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ (0.26) $ 0.36 $ (0.33) $ 1.06
Diluted (in dollars per share) $ (0.26) $ 0.35 $ (0.33) $ 1.02
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 100,821 100,425 100,754 100,329
Diluted (in shares) 100,821 104,379 100,754 104,181