XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue $ 161,283 $ 110,223 $ 322,425 $ 225,318
Warrant contra revenue (730) (730)
Net Revenue 160,553 110,223 321,695 225,318
Cost of services 132,993 93,340 266,921 187,278
Gross profit 27,560 16,883 54,774 38,040
Selling, general and administrative expenses 24,936 15,257 49,015 29,663
Restructuring and other merger related cost 746 1,839 6,257
Operating income 1,878 1,626 3,920 2,120
Share of profit of associates 662 (25) 1,003 39
Interest expense, net (4,026) (3,273) (8,492) (7,402)
Exchange gain / (losses), net 14 (1,868) (677) (3,146)
Loss before income taxes (1,472) (3,540) (4,246) (8,389)
Income tax expense 730 234 1,113 565
Net loss (2,202) (3,774) (5,359) (8,954)
Net income/(loss) attributable to non-controlling interests 1,392 (66) 1,581 906
Net loss attributable to Startek shareholders (3,594) (3,708) (6,940) (9,860)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments 32 (2,518) 599 (3,185)
Change in fair value of derivative instruments 413 348
Pension amortization (236) (483) (60) (780)
Comprehensive loss (1,993) (6,775) (4,472) (12,919)
Comprehensive income attributable to non-controlling interests 1,281 (284) 1,556 549
Comprehensive loss attributable to Startek shareholders $ (3,274) $ (6,491) $ (6,028) $ (13,468)
Net loss per common share - basic and diluted (in dollars per share) $ (0.10) $ (0.18) $ (0.18) $ (0.48)
Weighted average common shares outstanding - basic and diluted (in shares) 37,779 20,600 37,779 20,600