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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue $ 109,571 $ 96,604 $ 317,537 $ 285,237
Direct expenses 74,917 64,196 213,620 194,314
Gross profit 34,654 32,408 103,917 90,923
Selling, general and administrative expenses 31,035 28,121 92,831 82,906
Foreign currency exchange loss 803 511 3,730 2,751
Plus: Share of profit of equity method affiliates 506 551 1,456 1,805
Operating profit 3,322 4,327 8,812 7,071
Less: Interest and related financing fees, net 2,098 1,226 4,805 4,077
Other loss, net 104 0 319 0
Earnings before income taxes 1,120 3,101 3,688 2,994
Income tax expense 1,823 1,784 3,602 4,653
Net earnings (loss) (703) 1,317 86 (1,659)
Less: net (loss) earnings - noncontrolling interests (14) 58 (112) 265
Net (loss) earnings attributable to Hill International, Inc. $ (689) $ 1,259 $ 198 $ (1,924)
Basic (loss) earnings per common share - Hill International, Inc. (in dollars per share) $ (0.01) $ 0.02 $ 0 $ (0.03)
Basic weighted average common shares outstanding (in shares) 58,073 57,245 57,858 57,102
Diluted (loss) earnings per common share - Hill International, Inc. (in dollars per share) $ (0.01) $ 0.02 $ 0 $ (0.03)
Diluted weighted average common shares outstanding (in shares) 58,073 57,245 59,767 57,102
Consulting fee revenue        
Total revenue $ 85,142 $ 77,061 $ 254,262 $ 227,158
Reimbursable expenses        
Total revenue $ 24,429 $ 19,543 $ 63,275 $ 58,079