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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Proceeds from sale of business $ 0 $ 124,210
Net revenues 333,449 338,857
Cost of revenues 213,961 219,302
Gross profit 119,488 119,555
Operating expenses:    
Selling, general and administrative expense 83,800 81,397
Management fees 8,620 10,957
Amortization expense 13,505 13,590
Operating income 13,563 13,611
Other income (expense):    
Interest expense, net (8,597) (18,454)
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment 0 (5,300)
Amortization of debt issuance costs (525) (927)
Other income (expense), net 661 (434)
Income (loss) from continuing operations before income taxes 5,102 (11,504)
Provision for income taxes 222 1,424
Income (loss) from continuing operations 4,880 (12,928)
Income from discontinued operations, net of income tax 0 1,427
Gain on sale of discontinued operations 0 121,659
Net income 4,880 110,158
Less: Net income from continuing operations attributable to noncontrolling interest (1,215) (1,368)
Less: Net loss from discontinued operations attributable to noncontrolling interest 0 (518)
Net income attributable to Holdings 3,665 109,308
Amounts attributable to Holdings    
Income (loss) from continuing operations 3,665 (14,296)
Income from discontinued operations, net of income tax 0 1,945
Gain on sale of discontinued operations, net of income tax $ 0 $ 121,659
Basic income (loss) per common share attributable to Holdings (refer to Note I)    
Basic and fully diluted income (loss) per share attributable to Holdings, continuing operations (usd per share) $ (0.26) $ (0.34)
Basic and fully diluted income (loss) per share attributable to Holdings, discontinued operations (usd per share) 0 2.06
Basic and fully diluted income (loss) per share attributable to Holdings, total (usd per share) $ (0.26) $ 1.72
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares) 59,900 59,900
Cash distributions declared per share (refer to Note J) (usd per share) $ 0.36 $ 0.36
Velocity    
Net revenues $ 30,390 $ 31,137