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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenues $ 58,865 $ 66,440 $ 171,157 $ 191,823
Cost of revenues 46,849 53,929 137,478 154,614
Gross profit 12,016 12,511 33,679 37,209
Selling, general and administrative expense 8,145 8,940 25,287 26,639
Depreciation and amortization 530 524 1,609 1,563
Operating income 3,341 3,047 6,783 9,007
Interest expense 169 216 482 605
Other income, net (143) (11) (201) (268)
Income before income tax expense 3,315 2,842 6,502 8,670
Income tax expense 870 760 1,830 2,745
Net income 2,445 2,082 4,672 5,925
Net (income) attributable to non-controlling interest (1,301) (1,175) (3,335) (2,880)
Net income attributable to SPAR Group, Inc. $ 1,144 $ 907 $ 1,337 $ 3,045
Basic and diluted income per common share: (in dollars per share) $ 0.05 $ 0.04 $ 0.06 $ 0.15
Weighted average common shares – basic (in shares) 21,110 20,975 21,108 20,856
Weighted average common shares – diluted (in shares) 21,147 21,061 21,152 21,096
Net income $ 2,445 $ 2,082 $ 4,672 $ 5,925
Other comprehensive income (loss):        
Foreign currency translation adjustments 71 (811) (3,908) (644)
Comprehensive income 2,516 1,271 764 5,281
Comprehensive (income) attributable to non-controlling interest (1,326) (815) (871) (2,623)
Comprehensive income attributable to SPAR Group, Inc. $ 1,190 $ 456 $ (107) $ 2,658