Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited)

v3.8.0.1
Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2017
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, 2017 and 2016 (dollars in thousands):
 
 
 
Quarter ended
 
 
December 31, 2017
 
September 30, 2017
 
June 30, 2017
 
March 31, 2017
Operating revenues
 
$
25,253

 
$
24,365

 
$
22,867

 
$
22,314

Operating expenses
 
(20,405
)
 
(15,867
)
 
(14,357
)
 
(17,708
)
Other expense, net
 
(6,311
)
 
(6,115
)
 
(7,849
)
 
(250
)
Net (loss) income
 
(1,463
)
 
2,383

 
661

 
4,356

Dividends attributable to preferred and senior common stock
 
(2,802
)
 
(2,767
)
 
(2,686
)
 
(2,621
)
Net (loss) income (attributable) available to common stockholders
 
$
(4,265
)

$
(384
)

$
(2,025
)

$
1,735

Net (loss) income (attributable) available to common stockholders - basic & diluted
 
$
(0.17
)
 
$
(0.01
)
 
$
(0.08
)
 
$
0.07

 
 
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, net
 
(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
)