| 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):
|
|
|
|
|
|
|
|
|
|
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|
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|
|
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|
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 |
) |
|