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Condensed Consolided Statement of Income (Loss) (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
Revenue $ 163,097 $ 164,630 $ 466,926 $ 487,054
Warrant contra revenue (410) 0 (1,173) (730)
Net Revenue 162,687 164,630 465,753 486,324
Cost of services (139,808) (136,142) (407,003) (403,064)
Gross profit 22,879 28,488 58,750 83,260
Selling, general and administrative expenses (14,876) (22,926) (46,774) (71,938)
Impairment losses and restructuring/exit cost 12 (220) (24,545) (2,069)
Acquisition related cost 0 0 0 11
Operating Income/ (Loss) 8,015 5,342 (12,569) 9,264
Share of (loss) / profit of equity accounted investees (5) (16) (25) 988
Interest expense, net (3,988) (3,372) (10,684) (11,864)
Exchange loss, net (621) (1,880) (331) (2,558)
Income /(Loss) before income taxes 3,401 74 (23,609) (4,170)
Income tax expense (1,649) (3,436) (5,808) (4,550)
Net lncome / (Loss) 1,752 (3,362) (29,417) (8,720)
Net income/ (Loss)        
Net income /(loss) attributable to non-controlling interests 1,385 (575) 1,990 1,007
Net income/ (loss) attributable to Startek shareholders $ 367 $ (2,787) $ (31,407) $ (9,727)
Net gain /(loss) per common share - basic (in dollars per share) $ 0.01 $ (0.07) $ (0.80) $ (0.26)
Net gain /(loss) per common share - diluted (in dollars per share) $ 0.01 $ (0.07) $ (0.80) $ (0.26)
Weighted average common shares outstanding - basic (in shares) 40,275 38,467 39,143 38,011
Weighted average common shares outstanding - diluted (in shares) 40,626 38,467 39,143 38,011