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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total net sales $ 252,014 $ 271,011 $ 527,709 $ 525,358
Total cost of sales 190,040 211,383 408,100 417,931
Gross profit 61,974 59,628 119,609 107,427
Operating expenses        
Selling, general and administrative expenses 50,595 43,142 98,831 83,814
Operating income 11,379 16,486 20,778 23,613
Interest expense, net 6,299 7,655 12,420 12,525
Loss on debt extinguishment 0 5,453 0 5,453
Other income, net (201) (451) (204) (655)
Total other expense, net 6,098 12,657 12,216 17,323
Pretax net income 5,281 3,829 8,562 6,290
Income tax (expense) benefit (603) 205 (724) 130
Net income 4,678 4,034 7,838 6,420
Net income attributable to non-controlling interest 46 8 75 361
Net income attributable to PetIQ, Inc. $ 4,632 $ 4,026 $ 7,763 $ 6,059
Net loss per share attributable to PetIQ, Inc. Class A common stock        
Basic (in dollars per share) $ 0.16 $ 0.14 $ 0.27 $ 0.22
Diluted (in dollars per share) $ 0.16 $ 0.14 $ 0.26 $ 0.22
Weighted Average shares of Class A common stock outstanding        
Basic (in shares) 29,283 28,491 29,223 27,444
Diluted (in shares) 29,329 29,156 29,304 28,059
Products        
Total net sales $ 219,014 $ 242,857 $ 466,764 $ 472,891
Total cost of sales 163,568 185,837 354,419 368,664
Services        
Total net sales 33,000 28,154 60,945 52,467
Total cost of sales $ 26,472 $ 25,546 $ 53,681 $ 49,267