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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Revenue $ 184,222 $ 130,609 $ 332,383 $ 249,722
Costs and expenses:        
Cost of revenues 164,180 111,828 296,285 215,339
General and administrative 16,637 11,396 38,778 23,923
Transaction expenses 1,320 903 10,588 1,452
Depreciation and amortization 14,794 13,023 29,560 25,645
Total costs and expenses 196,931 137,150 375,211 266,359
Loss from operations (12,709) (6,541) (42,828) (16,637)
Other income (expense):        
Gain on sale/ disposal of property and equipment 145 114 2,060 304
Interest expense (13,085) (11,227) (25,428) (21,138)
Loss on extinguishment of convertible notes   (2,436)   (2,436)
Total other expense (12,940) (13,549) (23,368) (23,270)
Loss from continuing operations (25,649) (20,090) (66,196) (39,907)
Loss from discontinued operations   (1,740)   (3,129)
Net loss (25,649) (21,830) (66,196) (43,036)
Less: Net loss attributable to noncontrolling interests 13,931   49,478  
Net loss attributable to QualTek Services Inc. (11,718) (21,830) (16,718) (43,036)
Other comprehensive income (loss):        
Foreign currency translation adjustments   (13)   172
Comprehensive loss $ (11,718) $ (21,843) $ (16,718) $ (42,864)
Earnings per share:        
Net loss per share - continuing operations - basic $ (0.48) $ (1.75)   $ (3.52)
Net loss per share - continuing operations - diluted $ (0.50) (1.75)   (3.52)
Net loss per share - discontinued operations - basic   (0.15)   (0.27)
Net loss per share - discontinued operations - diluted   $ (0.15)   $ (0.27)
Weighted average common shares outstanding - basic 22,171,350 11,923,941   11,797,013
Class A and B Common Stock        
Earnings per share:        
Weighted average common shares outstanding - diluted 44,998,748   44,998,748  
Class A Common Stock        
Earnings per share:        
Net loss per share - continuing operations - basic   $ (1.75)   $ (3.52)
Net loss per share - continuing operations - diluted $ (1.73)     (3.52)
Net loss per share - discontinued operations - basic   $ (0.15)   (0.27)
Net loss per share - discontinued operations - diluted $ (0.16)     $ (0.27)
Weighted average common shares outstanding - basic 22,171,350      
Weighted average common shares outstanding - diluted 44,998,748 11,923,941   11,797,013