XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Revenues $ 78,035 $ 71,030 $ 220,583 $ 198,262
Operating Expenses:        
Employee compensation and benefits 43,217 39,436 127,898 113,801
General and administrative expenses 15,201 14,831 49,236 48,019
Bad debts 565 797 2,345 3,352
Depreciation and amortization 2,614 2,352 7,814 6,817
Total operating expenses 61,597 57,416 187,293 171,989
Income from operations 16,438 13,614 33,290 26,273
Other Income:        
Interest expense (2,060) (1,617) (5,529) (5,057)
Other income (expense) 544 0 (5,742) 0
Income before taxes 14,922 11,997 22,019 21,216
Tax (benefit) expense 2,315 724 (3,272) 2,944
Net income 12,607 11,273 25,291 18,272
Less: net income attributable to non-controlling interests 5,048 4,339 9,720 7,753
Net income attributable to Goosehead Insurance, Inc. $ 7,559 $ 6,934 $ 15,571 $ 10,519
Earnings per share:        
Basic (in dollars per share) $ 0.31 $ 0.29 $ 0.63 $ 0.44
Diluted (in dollars per share) $ 0.29 $ 0.28 $ 0.58 $ 0.43
Weighted average shares of Class A common stock outstanding        
Basic (in shares) 24,293 24,124 24,689 23,674
Diluted (in shares) 37,942 24,891 38,269 24,274
Commissions and agency fees        
Revenues:        
Revenues $ 30,942 $ 31,980 $ 88,782 $ 88,637
Franchise revenues        
Revenues:        
Revenues 46,862 38,729 131,076 108,490
Interest income        
Revenues:        
Revenues $ 231 $ 321 $ 725 $ 1,135