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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenues $ 65,936 $ 67,799 $ 130,316 $ 126,794
Related party - cost of revenues 1,682 2,521 3,179 4,666
Cost of revenues 51,158 52,330 99,903 97,348
Gross profit 13,096 12,948 27,234 24,780
Selling, general and administrative expense 10,605 10,084 21,061 19,338
Depreciation and amortization 494 507 1,026 1,017
Operating income 1,997 2,357 5,147 4,425
Interest expense, net 478 178 868 328
Other income, net (125) (149) (183) (237)
Income before income tax expense 1,644 2,328 4,462 4,334
Income tax expense 538 715 1,579 1,266
Net income 1,106 1,613 2,883 3,068
Net income attributable to non-controlling interest (467) (464) (1,378) (1,247)
Net income attributable to SPAR Group, Inc. $ 639 $ 1,149 $ 1,505 $ 1,821
Basic income per common share attributable to SPAR Group, Inc. (in dollars per share) $ 0.03 $ 0.05 $ 0.06 $ 0.08
Diluted income per common share attributable to SPAR Group, Inc. (in dollars per share) $ 0.03 $ 0.05 $ 0.06 $ 0.08
Weighted-average common shares outstanding – basic (in shares) 23,250 21,808 23,182 21,696
Weighted-average common shares outstanding – diluted (in shares) 23,392 21,935 23,337 21,831
Net income $ 1,106 $ 1,613 $ 2,883 $ 3,068
Foreign currency translation adjustments (39) (3,562) 138 (3,936)
Comprehensive income (loss) 1,067 (1,949) 3,021 (868)
Comprehensive (income) loss attributable to non-controlling interest (97) 803 (1,100) 1,999
Comprehensive income (loss) attributable to SPAR Group, Inc. $ 970 $ (1,146) $ 1,921 $ 1,131