| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Revenue: | ||||||
Revenue, net (includes $5.5 million and $5.1 million with related parties for the three months ended March 31, 2020 and 2019, respectively) | ||||||
860,969 | 704,589 | 436,152 | 421,582 | - | ||
Total revenue | ||||||
- | - | - | - | 359,059 | ||
Operating expenses: | ||||||
Direct service costs, excluding depreciation and amortization | ||||||
321,006 | 252,284 | 211,773 | 198,510 | 163,707 | ||
Reimbursed out-of-pocket expenses | ||||||
294,266 | 236,775 | 49,690 | 50,961 | 38,958 | ||
Total direct costs | ||||||
615,272 | 489,059 | 261,463 | 249,471 | - | ||
Selling, general and administrative | ||||||
95,245 | 75,681 | 63,357 | 61,507 | 56,998 | ||
Impairment of goodwill | ||||||
- | - | - | - | 9,313 | ||
Depreciation | ||||||
8,400 | 9,200 | 8,600 | 7,400 | 6,379 | ||
Amortization | ||||||
14,829 | 29,561 | 37,900 | 50,672 | 63,142 | ||
Total operating expenses | ||||||
733,706 | 603,541 | 371,294 | 369,092 | 338,497 | ||
Income from operations | ||||||
127,263 | 101,048 | 64,858 | 52,490 | 20,562 | ||
Other income (expense), net: | ||||||
Loss on extinguishment of debt | ||||||
- | - | - | -10,726 | 0 | ||
Miscellaneous income (expense), net | ||||||
-863 | 1,060 | -354 | -423 | -1,133 | ||
Interest income (expense), net | ||||||
-1,568 | -8,157 | -7,559 | -19,384 | -27,259 | ||
Total other income (expense), net | ||||||
-2,431 | -7,097 | -7,913 | -30,533 | -28,392 | ||
Income before income taxes | ||||||
124,832 | 93,951 | 56,945 | 21,957 | -7,830 | ||
Income tax provision | ||||||
24,389 | 20,766 | 17,823 | 8,532 | 843 | ||
Net income | ||||||
100,443 | 73,185 | 39,122 | 13,425 | -8,673 | ||
Net income per share attributable to common shareholders: | ||||||
Basic | ||||||
2.79 | 2.05 | 1.00 | 0.38 | -0.28 | ||
Diluted | ||||||
2.67 | 1.97 | 0.98 | 0.37 | -0.28 | ||
Weighted average common shares outstanding: | ||||||
Basic | ||||||
35,881 | 35,547 | 39,056 | 35,690 | 31,346 | ||
Diluted | ||||||
37,576 | 36,912 | 39,839 | 36,329 | 31,346 | ||
Revenue Net | ||||||
Total revenue | ||||||
860,969 | 704,589 | 0 | 0 | - | ||
Direct Service Revenue | ||||||
Total revenue | ||||||
0 | 0 | 386,462 | 370,621 | 320,101 | ||
Reimbursed Out of Pocket Revenue | ||||||
Total revenue | ||||||
0 | 0 | 49,690 | 50,961 | 38,958 | ||