v3.21.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
REVENUES $ 404,342 $ 371,854 $ 375,822
OPERATING EXPENSES:      
Costs of services 277,374 252,569 269,284
Salary and employee benefits 39,507 42,214 38,324
Depreciation and amortization 40,775 39,092 19,740
Selling, general and administrative 25,825 30,795 32,081
Total operating expenses 383,481 364,670 359,429
Income from operations 20,861 7,184 16,393
OTHER INCOME (EXPENSE):      
Interest expense (44,839) (40,653) (29,900)
Debt extinguishment and modification expenses   0  
Gain on sale of business, net   0 0
Other income (expense), net 596 710  
Total other income (expenses), net 61,097 (39,943) (36,719)
Income (loss) before income taxes 81,958 (32,759) (20,326)
Income tax expense (benefit) 10,899 830 (2,490)
Net income (loss) 71,059 (33,589) (17,836)
Less income attributable to redeemable and redeemed non-controlling interests (45,398) 0 0
Net income (loss) attributable to stockholders of Priority Technology Holdings, Inc. $ 25,661 $ (33,589) $ (17,836)
Income (loss) per common share for stockholders of Priority Technology Holdings, Inc.:      
Basic (in dollars per share) $ 0.38 $ (0.50) $ (0.29)
Diluted (in dollars per share) $ 0.38 $ (0.50) $ (0.29)
Weighted-average common shares outstanding:      
Basic (in shares) 67,158 67,086 61,607
Diluted (in shares) 67,263 67,086 61,607
PRO FORMA (C-corporation basis):      
Pro forma income tax benefit (unaudited)     $ (3,169)
Pro forma net loss (unaudited)     $ (17,157)
Basic and diluted (unaudited) (in dollars per share)     $ (280)

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