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Condensed Consolidated Statements of Income (Loss) and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net revenues $ 58,388,000 $ 48,752,000 $ 172,191,000 $ 131,361,000
Cost of revenues 46,546,000 39,960,000 140,154,000 105,563,000
Gross profit 11,842,000 8,792,000 32,037,000 25,798,000
Selling, general and administrative expense 8,996,000 7,477,000 26,650,000 21,988,000
Settlement and Other Charges 1,975,000
Depreciation and amortization 522,000 487,000 1,595,000 1,526,000
Operating income 2,324,000 828,000 1,817,000 2,284,000
Interest expense 333,000 110,000 886,000 117,000
Other (income), net (109,000) (78,000) (413,000) (275,000)
Income before income tax expense 2,100,000 796,000 1,344,000 2,442,000
Income tax expense 419,000 210,000 335,000 907,000
Net income 1,681,000 586,000 1,009,000 1,535,000
Net income attributable to non-controlling interest (1,060,000) (340,000) (2,027,000) (1,189,000)
Net income (loss) attributable to SPAR Group, Inc. $ 621,000 $ 246,000 $ (1,018,000) $ 346,000
Basic and diluted income (loss) per common share: (in dollars per share) $ 0.03 $ 0.01 $ (0.05) $ 0.02
Weighted average common shares – basic (in shares) 20,654 20,602 20,650 20,633
Weighted average common shares – diluted (in shares) 21,320 21,320 20,650 21,331
Net income $ 1,681,000 $ 586,000 $ 1,009,000 $ 1,535,000
Other comprehensive (loss) income:        
Foreign currency translation adjustments (2,782,000) (61,000) (3,462,000) 681,000
Comprehensive (loss) income (1,101,000) 525,000 (2,453,000) 2,216,000
Comprehensive loss (income) attributable to non-controlling interest 269,000 (318,000) (393,000) (1,523,000)
Comprehensive (loss) income attributable to SPAR Group, Inc. $ (832,000) $ 207,000 $ (2,846,000) $ 693,000