XML 15 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Payments to Acquire Businesses, Net of Cash Acquired     $ 34,303 $ 0
Revenue:        
Services $ 375,830 $ 375,800 1,082,541 1,111,032
Cost of Goods and Services Sold 238,690 249,418 735,110 754,803
Operating expenses:        
Office and general expenses 102,380 77,910 270,137 251,313
Depreciation and amortization 11,134 11,252 35,212 32,916
Goodwill and other asset impairment 21,008 0 23,325 0
Costs and Expenses, Total 373,212 338,580 1,063,784 1,039,032
Operating profit 2,618 37,220 18,757 72,000
Other income (expense):        
Interest expense and finance charges (17,063) (16,258) (50,005) (48,309)
Other, net 189 (1,264) 1,222 (986)
Foreign Currency Transaction Gain (Loss), before Tax 3,275 9,913 (9,934) 18,798
Nonoperating Income (Expense), Total (13,599) (7,609) (58,717) (30,497)
Income (loss) before income taxes and equity in earnings (losses) of non-consolidated affiliates (10,981) 29,611 (39,960) 41,503
Income tax expense (benefit) 2,986 9,049 (3,367) 17,659
Income (loss) before equity in earnings (losses) of non-consolidated affiliates (13,967) 20,562 (36,593) 23,844
Equity in earnings of non-consolidated affiliates 300 1,422 358 1,924
Net income (loss) (13,667) 21,984 (36,235) 25,768
Net income attributable to noncontrolling interests (2,458) (3,491) (5,900) (6,588)
Net income (loss) attributable to MDC Partners Inc. (16,125) 18,493 (42,135) 19,180
Net income (loss) attributable to MDC Partners Inc. common shareholders $ (18,234) $ 14,137 $ (48,339) $ 13,033
Income (Loss) from Continuing Operations, Per Basic Share $ (0.32) $ 0.25 $ (0.85) $ 0.24
Weighted Average Number of Common Shares Outstanding:        
Stock-based compensation $ 6,242 $ 6,380 $ 16,882 $ 16,870
Earnings Per Share, Basic   $ 0.25 $ (0.85) $ 0.24
Income (Loss) from Continuing Operations, Per Diluted Share $ (0.32) 0.24 (0.85) 0.24
Earnings Per Share, Diluted $ (0.32) $ 0.24 $ (0.85) $ 0.24
Weighted Average Number of Shares Outstanding, Basic 57,498,661 57,566,707 57,117,797 53,915,536
Weighted Average Number of Shares Outstanding, Diluted 57,498,661 57,943,080 57,117,797 54,228,208
Cost of services sold        
Weighted Average Number of Common Shares Outstanding:        
Stock-based compensation $ 4,390 $ 5,310 $ 11,784 $ 12,558
Office and general expenses        
Weighted Average Number of Common Shares Outstanding:        
Stock-based compensation 1,852 1,070 5,098 4,312
Series 4 Convertible Preferred Stock [Domain] | Convertible Preferred Stock        
Other income (expense):        
Accretion on and net income allocated to convertible preference shares (2,109) (4,356)   (6,147)
Series 4 Convertible Preferred Stock [Member] | Convertible Preferred Stock        
Other income (expense):        
Accretion on and net income allocated to convertible preference shares $ (2,109) $ (1,948) $ (6,204) $ (4,365)