XML 32 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total net sales $ 186,025 $ 131,382 $ 555,095 $ 417,590
Total cost of sales 158,734 107,200 468,174 351,207
Gross profit 27,291 24,182 86,921 66,383
Operating expenses        
General and administrative expenses 29,345 17,621 74,333 53,532
Contingent note revaluations loss (gain) 2,310 (350) 3,090 250
Operating (loss) income (4,364) 6,911 9,498 12,601
Interest expense, net (5,742) (2,159) (9,921) (6,140)
Foreign currency (loss) gain, net   (50) (73) 8
Other income (expense), net 6 1 21 (372)
Total other expense, net (5,736) (2,208) (9,973) (6,504)
Pretax net (loss) income (10,100) 4,703 (475) 6,097
Income tax benefit (expense) 1,304 (801) (77) (754)
Net (loss) income (8,796) 3,902 (552) 5,343
Net (loss) income attributable to non-controlling interest (2,906) 1,681 (88) 2,651
Net (loss) income attributable to PetIQ, Inc. $ (5,890) $ 2,221 $ (464) $ 2,692
Net (loss) income per share attributable to PetIQ, Inc. Class A common stock        
Basic $ (0.26) $ 0.13 $ (0.02) $ 0.17
Diluted $ (0.26) $ 0.13 $ (0.02) $ 0.17
Weighted Average shares of Class A common stock outstanding        
Basic 22,974 16,944 22,387 15,842
Diluted 22,974 17,239 22,387 15,966
Product        
Total net sales $ 161,534 $ 108,524 $ 482,224 $ 355,088
Total cost of sales 140,839 90,155 416,748 302,324
Services        
Total net sales 24,491 22,858 72,871 62,502
Total cost of sales $ 17,895 $ 17,045 $ 51,426 $ 48,883