v3.20.2
Condensed Consolidated Statements of Operations Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
REVENUES $ 108,962 $ 93,883 $ 298,251 $ 273,671
OPERATING EXPENSES:        
Costs of services 74,971 63,718 203,733 185,827
Salary and employee benefits 10,010 10,668 29,695 31,923
Depreciation and amortization 10,251 10,077 30,886 28,763
Selling, general and administrative 6,688 6,695 19,305 21,031
Total operating expenses 101,920 91,158 283,619 267,544
Income from operations 7,042 2,725 14,632 6,127
OTHER INCOME (EXPENSES):        
Interest expense (13,471) (10,463) (35,454) (30,602)
Debt modification and extinguishment costs (1,523) 0 (1,899) 0
Gain on sale of business 107,239 0 107,239 0
Other income, net 190 158 414 523
Total other income (expenses), net 92,435 (10,305) 70,300 (30,079)
Income (loss) before income taxes 99,477 (7,580) 84,932 (23,952)
Income tax expense (benefit) 13,737 (1,736) 12,919 2,468
Net income (loss) 85,740 (5,844) 72,013 (26,420)
Less net income attributable to redeemable non-controlling interests and redeemed non-controlling interests (45,348) 0 (45,348) 0
Net income (loss) attributable to stockholders of Priority Technology Holdings, Inc. $ 40,392 $ (5,844) $ 26,665 $ (26,420)
Income (loss) per common share:        
Basic (USD per share) $ 0.60 $ (0.09) $ 0.40 $ (0.39)
Diluted (USD per share) $ 0.60 $ (0.09) $ 0.40 $ (0.39)
Weighted-average common shares and equivalents:        
Basic (in shares) 67,167 67,007 67,114 67,109
Diluted (in shares) 67,286 67,007 67,131 67,109

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