Annual report pursuant to Section 13 and 15(d)

SELECTED QUARTERLY FINANCIAL RESULTS (UNAUDITED) - (Tables)

v3.21.1
SELECTED QUARTERLY FINANCIAL RESULTS (UNAUDITED) - (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information (Unaudited)
(in thousands, except per share amounts) 2020
1Q 2Q 3Q 4Q Year
Revenues $ 96,933  $ 92,356  $ 108,962  $ 106,091  $ 404,342 
Operating expenses 93,374  88,325  101,920  99,862  383,481 
Income from operations 3,559  4,031  7,042  6,229  20,861 
Interest expense (10,315) (11,668) (13,471) (9,385) (44,839)
Gain on sale of business —  —  107,239  —  107,239 
Debt extinguishment and modification expenses (376) —  (1,523) —  (1,899)
Other, net 30  194  190  182  596 
Income tax (benefit) expense (1,233) 415  13,737  (2,020) 10,899 
Net (loss) income (5,869) (7,858) 85,740  (954) 71,059 
Income attributable to non-controlling interests —  —  (45,348) (50) (45,398)
Net (loss) income attributable to stockholders of Priority Technology Holdings, Inc. $ (5,869) (7,858) $ 40,392  $ (1,004) $ 25,661 
Basic and diluted (loss) income per common share (1) $ (0.09) $ (0.12) $ 0.60  $ (0.01) $ 0.38 



(in thousands, except per share amounts) 2019
1Q 2Q 3Q 4Q Year
Revenues $ 87,646  $ 92,142  $ 93,883  $ 98,183  $ 371,854 
Operating expenses 86,680  89,706  91,158  97,126  364,670 
Income from operations 966  2,436  2,725  1,057  7,184 
Interest expense (9,363) (10,776) (10,463) (10,051) (40,653)
Other, net 227  138  158  187  710 
Income tax (benefit) expense (1,724) 5,928  (1,736) (1,638) 830 
Net loss $ (6,446) $ (14,130) $ (5,844) $ (7,169) $ (33,589)
Basic and diluted loss per common share (1) $ (0.10) $ (0.21) $ (0.09) $ (0.11) $ (0.50)


(1) May not be additive to the net (loss) income per common share amounts for the year due to the calculation provision of ASC 260, Earnings Per Share.