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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net revenues $ 56,414 $ 36,956
Cost of services and products 26,903 27,044
Impairment of multi-client data library 1,167  
Gross profit 28,344 9,912
Operating expenses:    
Research, development and engineering 4,008 5,357
Marketing and sales 4,858 5,793
General, administrative and other operating expenses 9,002 14,699
Impairment of goodwill 4,150 0
Total operating expenses 22,018 25,849
Income (loss) from operations 6,326 (15,937)
Interest expense, net (3,221) (3,112)
Other income (expense), net 429 (792)
Income (loss) before income taxes 3,534 (19,841)
Income tax expense 5,874 1,407
Net loss (2,340) (21,248)
Less: Net (income) loss attributable to noncontrolling interest 77 (112)
Net loss attributable to ION $ (2,263) $ (21,360)
Net loss per share:    
Basic (usd per share) $ (0.16) $ (1.52)
Diluted (usd per share) $ (0.16) $ (1.52)
Weighted average number of common shares outstanding:    
Basic (in shares) 14,230 14,033
Diluted (in shares) 14,230 14,033
Service    
Net revenues $ 47,485 $ 28,128
Cost of services and products 22,275 22,446
Product    
Net revenues 8,929 8,828
Cost of services and products $ 4,628 $ 4,598