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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
4 Months Ended 8 Months Ended 9 Months Ended
Mar. 31, 2018
Nov. 21, 2017
Dec. 31, 2018
Revenue $ 169,957   $ 420,317
Cost of services 143,918   355,591
Gross profit 26,039   64,726
Selling, general and administrative expenses 15,925   60,020
Transaction related fees 7,994   7,036
Impairment losses and restructuring charges, net 1,868   3,962
Operating income (loss) 252   (6,292)
Share of profit of equity affiliates 76   115
Interest and other expense, net 3,858   12,529
Income (loss) before income taxes (3,530)   (18,706)
Income tax expense 1,305   3,570
Net income (loss) (4,835)   (22,276)
Net income attributable to non-controlling interests 1,980   2,036
Net income (loss) attributable to Startek shareholders (6,815)   (24,312)
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments (110)   (3,879)
Change in fair value of derivative instruments 0   (15)
Pension remeasurement (540)   (2,246)
Comprehensive income (loss) (5,485)   (28,416)
Comprehensive income attributable to non-controlling interests 1,732   1,041
Comprehensive income (loss) attributable to Startek $ (7,217)   $ (29,457)
Net income (loss) per common share - basic $ (0.33)   $ (0.80)
Weighted average common shares outstanding - basic 20,600   30,518
Net income (loss) per common share - diluted $ (0.33)   $ (0.80)
Weighted average common shares outstanding - diluted 20,600   30,518
Predecessor      
Revenue   $ 310,120  
Cost of services   265,770  
Gross profit   44,350  
Selling, general and administrative expenses   32,105  
Transaction related fees   107  
Impairment losses and restructuring charges, net   0  
Operating income (loss)   12,138  
Share of profit of equity affiliates   996  
Interest and other expense, net   4,581  
Income (loss) before income taxes   8,553  
Income tax expense   3,178  
Net income (loss)   5,375  
Net income attributable to non-controlling interests   2,712  
Net income (loss) attributable to Startek shareholders   2,663  
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments   (1,510)  
Change in fair value of derivative instruments   0  
Pension remeasurement   (1,391)  
Comprehensive income (loss)   2,474  
Comprehensive income attributable to non-controlling interests   2,088  
Comprehensive income (loss) attributable to Startek   $ 386  
Net income (loss) per common share - basic   $ 0.13  
Weighted average common shares outstanding - basic   20,600  
Net income (loss) per common share - diluted   $ 0.13  
Weighted average common shares outstanding - diluted   20,600