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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 52,770 $ 48,972 $ 105,775 $ 109,095
Cost of sales (excluding amortization, shown separately below) 13,511 13,892 28,492 31,516
Gross Profit 39,259 35,080 77,283 77,579
Research and development expenses 2,852 2,566 8,389 9,720
Selling, general and administrative expenses 13,494 14,998 39,925 47,044
Amortization of intangibles 10,973 11,754 32,866 35,136
Impairment of long lived assets 0 0 0 992
Change in fair value of contingent consideration 0 (229) 0 128
Grant income 0 0 (2,974) 0
Operating income (loss) 11,940 5,991 (923) (15,441)
Other income (expense) 96 (81) 1,596 (119)
Debt modification and extinguishment expenses (5,028) 0 (5,028) 0
Gain (loss) on foreign currency exchange 1,390 54 2,466 (2,884)
Interest expense, net (4,922) (8,606) (18,401) (26,021)
Gain (loss) before income taxes 3,476 (2,642) (20,290) (44,465)
Income taxes expense (benefit) 25,857 (5,653) 22,656 (12,530)
Net (loss) income including non-controlling interests (22,381) 3,011 (42,946) (31,935)
Less: Net loss attributable to non-controlling interests (494) (278) (857) (336)
Net (loss) income attributable to AgroFresh Solutions, Inc (21,887) 3,289 (42,089) (31,599)
Less: Dividends on convertible preferred stock 4,400 0 4,400 0
(Loss) income attributable to AgroFresh Solutions, Inc. common stockholders $ (26,287) $ 3,289 $ (46,489) $ (31,599)
Net (loss) income per share:        
Basic (in dollars per share) $ (0.52) $ 0.06 $ (0.92) $ (0.64)
Diluted (in dollars per share) $ (0.52) $ 0.06 $ (0.92) $ (0.64)
Weighted average shares outstanding:        
Basic (in shares) 51,001,852 50,227,590 50,765,829 50,138,835
Diluted (in shares) 51,001,852 50,288,304 50,765,829 50,138,835