XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed consolidated statements of operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Revenue $ 40,234 $ 181,661 $ 167,464 $ 330,478
Operating costs and expenses:        
Cost of revenue 8,478 54,391 30,323 88,877
Store operations 14,681 20,163 40,838 41,068
Selling, general and administrative 15,896 18,864 32,848 37,018
National advertising fund expense 10,878 12,522 26,083 24,334
Depreciation and amortization 13,008 10,577 25,800 20,484
Other loss (gain) 15 (122) 26 246
Total operating costs and expenses 62,956 116,395 155,918 212,027
(Loss) income from operations (22,722) 65,266 11,546 118,451
Other expense, net:        
Interest income 359 1,979 2,286 3,777
Interest expense (20,467) (14,636) (40,708) (29,385)
Other expense (73) (1,444) (760) (4,762)
Total other expense, net (20,181) (14,101) (39,182) (30,370)
(Loss) income before income taxes (42,903) 51,165 (27,636) 88,081
(Benefit) provision for income taxes (10,918) 11,338 (6,034) 16,615
Net (loss) income (31,985) 39,827 (21,602) 71,466
Less net (loss) income attributable to non-controlling interests (2,808) 4,983 (1,032) 9,213
Net (loss) income attributable to Planet Fitness, Inc. $ (29,177) $ 34,844 $ (20,570) $ 62,253
Class A Common Stock        
Net (loss) income per share of Class A common stock:        
Basic (in dollars per share) $ (0.36) $ 0.41 $ (0.26) $ 0.74
Diluted (in dollars per share) $ (0.36) $ 0.41 $ (0.26) $ 0.74
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 79,965,842 84,142,975 79,532,155 83,975,192
Diluted (in shares) 79,965,842 84,835,183 79,532,155 84,638,650
Franchise        
Revenue:        
Revenue $ 16,214 $ 58,225 $ 65,125 $ 111,181
Commission income        
Revenue:        
Revenue 45 1,065 435 2,059
National advertising fund revenue        
Revenue:        
Revenue 4,743 12,522 13,971 24,334
Corporate-owned stores        
Revenue:        
Revenue 9,419 39,695 49,935 77,739
Equipment        
Revenue:        
Revenue $ 9,813 $ 70,154 $ 37,998 $ 115,165