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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Total revenues $ 133,842 $ 63,320
EXPENSES    
Salaries and benefits 16,310 16,214
Depreciation and amortization 9,969 4,108
General and administrative 6,183 6,454
Impairment 178,213 0
Other 4,226 1,339
Reimbursed expenses 75,511 9,751
Total expenses 312,293 60,778
OPERATING INCOME (LOSS) (178,451) 2,542
Equity in earnings (loss) of unconsolidated entities 236 (275)
Interest expense (1,176) (297)
Amortization of loan costs (66) (69)
Interest income 28 20
Realized gain (loss) on investments (375) 0
Other income (expense) (521) (53)
INCOME (LOSS) BEFORE INCOME TAXES (180,325) 1,868
Income tax (expense) benefit 2,085 (1,300)
NET INCOME (LOSS) (178,240) 568
(Income) loss from consolidated entities attributable to noncontrolling interests 160 163
Net (income) loss attributable to redeemable noncontrolling interests 440 (21)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (177,640) 710
Preferred dividends, declared and undeclared (7,875) (2,791)
Amortization of preferred stock discount (810) (491)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (186,325) $ (2,572)
Basic:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (84.73) $ (1.06)
Weighted average common shares outstanding – basic (in shares) 2,199 2,419
Diluted:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (84.73) $ (1.13)
Weighted average common shares outstanding – diluted (in shares) 2,199 2,449
Total advisory services revenue    
REVENUE    
Total revenues $ 11,836 $ 10,920
Hotel management    
REVENUE    
Total revenues 6,124 0
Project management    
REVENUE    
Total revenues 3,938 6,442
EXPENSES    
Cost of revenues 1,451 1,473
Audio visual    
REVENUE    
Total revenues 29,674 30,975
EXPENSES    
Cost of revenues 20,430 21,439
Other    
REVENUE    
Total revenues 6,691 5,010
Cost reimbursement revenue    
REVENUE    
Total revenues 75,579 9,973
Premier | Project management    
REVENUE    
Total revenues 3,938 6,442
JSAV    
REVENUE    
Total revenues 29,674 30,975
JSAV | Audio visual    
REVENUE    
Total revenues 29,674 30,975
Accumulated Deficit    
EXPENSES    
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (177,640) 710
Preferred dividends, declared and undeclared (7,875)  
Amortization of preferred stock discount $ (810) $ (491)