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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net revenues $ 50,944 $ 68,223 $ 112,292 $ 125,383
Cost of revenues 41,072 54,159 90,632 100,685
Gross profit 9,872 14,064 21,660 24,698
Selling, general and administrative expense 7,370 9,306 17,141 17,699
Depreciation and amortization 539 528 1,079 1,038
Operating income 1,963 4,230 3,440 5,961
Interest expense 84 187 312 388
Other income, net (50) (192) (58) (257)
Income before income tax expense 1,929 4,235 3,186 5,830
Income tax expense 624 1,428 959 1,986
Net income 1,305 2,807 2,227 3,844
Net (income) attributable to non-controlling interest (1,408) (1,284) (2,034) (1,705)
Net (loss) income attributable to SPAR Group, Inc. $ (103) $ 1,523 $ 193 $ 2,139
Basic and diluted income per common share: (in dollars per share) $ 0 $ 0.07 $ 0.01 $ 0.10
Weighted average common shares – basic (in shares) 21,108 20,816 21,107 20,796
Weighted average common shares – diluted (in shares) 21,125 21,104 21,157 21,080
Net income $ 1,305 $ 2,807 $ 2,227 $ 3,844
Other comprehensive (loss) income:        
Foreign currency translation adjustments (79) 59 (3,979) 167
Comprehensive (loss) income 1,226 2,866 (1,752) 4,011
Comprehensive (income) loss attributable to non-controlling interest (1,365) (1,358) 455 (1,808)
Comprehensive (loss) income attributable to SPAR Group, Inc. $ (139) $ 1,508 $ (1,297) $ 2,203