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Condensed consolidated statements of operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Revenue $ 166,815 $ 136,656 $ 497,292 $ 398,538
Operating costs and expenses:        
Cost of revenue 46,194 36,871 135,071 100,114
Store operations 22,295 18,751 63,363 55,154
Selling, general and administrative 20,928 17,233 57,944 52,066
National advertising fund expense 12,652 11,377 36,986 32,997
Depreciation and amortization 11,832 8,863 32,316 25,947
Other (gain) loss (147) (12) 99 958
Total operating costs and expenses 113,754 93,083 325,779 267,236
Income from operations 53,061 43,573 171,513 131,302
Other expense, net:        
Interest income 1,808 2,025 5,585 2,480
Interest expense (14,807) (17,909) (44,192) (35,725)
Other expense (61) (27) (4,824) (338)
Total other expense, net (13,060) (15,911) (43,431) (33,583)
Income before income taxes 40,001 27,662 128,082 97,719
Provision for income taxes 10,309 7,190 26,924 23,335
Net income 29,692 20,472 101,158 74,384
Less net income attributable to non-controlling interests 3,915 3,001 13,128 11,158
Net income attributable to Planet Fitness, Inc. $ 25,777 $ 17,471 $ 88,030 $ 63,226
Class A Common Stock        
Net income per share of Class A common stock:        
Basic (in dollars per share) $ 0.31 $ 0.20 $ 1.05 $ 0.72
Diluted (in dollars per share) $ 0.31 $ 0.20 $ 1.04 $ 0.72
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 83,157,430 88,047,401 83,699,609 87,727,300
Diluted (in shares) 83,806,906 88,457,804 84,354,172 88,064,051
Franchise        
Revenue:        
Revenue $ 53,443 $ 41,997 $ 164,624 $ 129,575
Commission income        
Revenue:        
Revenue 614 1,448 2,673 5,012
National advertising fund        
Revenue:        
Revenue 12,652 11,377 36,986 32,997
Corporate-owned stores        
Revenue:        
Revenue 40,742 35,406 118,481 102,365
Equipment        
Revenue:        
Revenue $ 59,364 $ 46,428 $ 174,528 $ 128,589