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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues, net $ 165,096 $ 103,004 $ 287,471 $ 186,652
Cost of revenues 83,465 60,221 152,658 109,800
Gross profit 81,631 42,783 134,813 76,852
Operating expenses:        
Marketing and sales 39,423 35,967 76,107 59,984
General and administrative 8,677 7,933 16,225 12,498
Research and development 1,580 1,244 3,025 1,934
Total operating expenses 49,680 45,144 95,357 74,416
Operating income (loss) 31,951 (2,361) 39,456 2,436
Other income (expense):        
Interest expense (1,424) (1,301) (2,813) (2,445)
Other income, net 16 6 106 235
Loss on extinguishment of debt (6,299)
Change in fair value – warrant liabilities (38,970) (3,685) (25,337) (1,988)
Tax receivable agreement expense (32,823) (32,945)
Total other income (expense), net (73,201) (4,980) (60,989) (10,497)
Net loss before income taxes (41,250) (7,341) (21,533) (8,061)
Income tax benefit 35,428 35,712
Net income (loss) (5,822) (7,341) 14,179 (8,061)
Net income (loss) attributable to noncontrolling interest (3,841) (6,003) 7,325 (6,593)
Net income (loss) attributable to Purple Innovation, Inc. $ (1,981) $ (1,338) $ 6,854 $ (1,468)
Net income (loss) per share:        
Basic $ (0.07) $ (0.16) $ 0.26 $ (0.17)
Diluted $ (0.11) $ (0.16) $ 0.26 $ (0.17)
Weighted average common shares outstanding:        
Basic 29,277 8,457 25,976 8,447
Diluted 53,997 8,457 55,021 8,447