Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.22.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 577,397 $ 273,920 $ 1,051,399 $ 526,122
Cost of revenues 496,094 220,598 901,718 425,891
Gross profit 81,303 53,322 149,681 100,231
Selling, general and administrative expenses 38,249 31,882 77,941 60,483
Operating income 43,054 21,440 71,740 39,748
Other expenses, net 5,249 5,450 12,330 9,122
Income before income taxes 37,805 15,990 59,410 30,626
Income tax provision (benefit) 4,932 (1,896) 7,239 309
Net income 32,873 17,886 52,171 30,317
Net income attributable to redeemable non-controlling interests (657) (4,231) (2,571) (5,488)
Net income attributable to common shareholders $ 32,216 $ 13,655 $ 49,600 $ 24,829
Net income per share attributable to common shareholders:        
Basic (in usd per share) $ 0.62 $ 0.27 $ 0.96 $ 0.49
Diluted (in usd per share) $ 0.61 $ 0.26 $ 0.93 $ 0.48
Weighted average common shares outstanding:        
Basic (in shares) 51,818 51,315 51,781 50,158
Diluted (in shares) 53,173 52,570 53,407 51,475