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Condensed Consolidated Statements of (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total net sales $ 266,982 $ 220,634 $ 453,760 $ 369,070
Total cost of sales 224,798 185,734 379,422 309,440
Gross profit 42,184 34,900 74,338 59,630
Operating expenses        
General and administrative expenses 38,492 24,450 70,182 44,988
Contingent note revaluations gain   1,460   780
Operating income 3,692 8,990 4,156 13,862
Interest expense, net (5,967) (2,242) (10,671) (4,179)
Foreign currency gain (loss), net 52 49 125 (73)
Other income, net 324 2 689 15
Total other expense, net (5,591) (2,191) (9,857) (4,237)
Pretax net (loss) income (1,899) 6,799 (5,701) 9,625
Income tax benefit (expense) (61) (881) 1,108 (1,381)
Net (loss) income (1,960) 5,918 (4,593) 8,244
Net (loss) income attributable to non-controlling interest (69) 2,103 (599) 2,818
Net (loss) income attributable to PetIQ, Inc. $ (1,891) $ 3,815 $ (3,994) $ 5,426
Net (loss) income per share attributable to PetIQ, Inc. Class A common stock        
Basic $ (0.08) $ 0.17 $ (0.17) $ 0.25
Diluted $ (0.08) $ 0.17 $ (0.17) $ 0.24
Weighted Average shares of Class A common stock outstanding        
Basic 24,425 22,365 24,077 22,087
Diluted 24,425 22,597 24,077 22,284
Product        
Total net sales $ 264,307 $ 194,606 $ 430,587 $ 320,690
Total cost of sales 217,469 167,845 352,248 275,909
Services        
Total net sales 2,675 26,028 23,173 48,380
Total cost of sales $ 7,329 $ 17,889 $ 27,174 $ 33,531