Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited)

v3.6.0.2
Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited)

The following table reflects the quarterly results of operations for the years ended December 31, 2016 and 2015 (dollars in thousands).
 
 
 
Quarter ended
 
 
December 31, 2016
 
September 30, 2016
 
June 30, 2016
 
March 31, 2016
Operating revenues
 
$
22,009

 
$
21,589

 
$
21,247

 
$
21,527

Operating expenses
 
(13,733
)
 
(15,172
)
 
(13,433
)
 
(13,257
)
Other expense
 
(5,981
)
 
(6,490
)
 
(6,931
)
 
(7,417
)
Net income (loss)
 
2,295

 
(73
)
 
883

 
853

Dividends attributable to preferred and senior common stock
 
(2,607
)
 
(2,256
)
 
(1,514
)
 
(1,279
)
Net loss attributable to common stockholders
 
(312
)

(2,329
)

(631
)

(426
)
Net loss attributable to common stockholders - basic & diluted
 
$
(0.01
)
 
$
(0.10
)
 
$
(0.03
)
 
$
(0.02
)
 
 
Quarter ended
 
 
December 31, 2015
 
September 30, 2015
 
June 30, 2015
 
March 31, 2015
Operating revenues
 
$
21,823

 
$
21,375

 
$
20,688

 
$
19,880

Operating expenses
 
(12,970
)
 
(13,643
)
 
(12,595
)
 
(11,757
)
Other expense
 
(6,286
)
 
(7,828
)
 
(7,662
)
 
(7,429
)
Net income (loss)
 
2,567

 
(96
)
 
431

 
694

Dividends attributable to preferred and senior common stock
 
(1,284
)
 
(1,286
)
 
(1,284
)
 
(1,247
)
Net income (loss) available (attributable) to common stockholders
 
1,283


(1,382
)

(853
)
 
(553
)
Net income (loss) available (attributable) to common stockholders - basic & diluted
 
$
0.06

 
$
(0.06
)
 
$
(0.04
)
 
$
(0.03
)