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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total cost of sales $ 158,955,000 $ 168,462,000 $ 567,055,000 $ 586,393,000
Gross profit 50,770,000 42,072,000 170,379,000 149,499,000
Operating expenses        
Selling, general and administrative expenses 45,984,000 45,252,000 144,815,000 129,066,000
Goodwill impairment 47,264,000 0 47,264,000 0
Operating (loss) income (42,478,000) (3,180,000) (21,700,000) 20,433,000
Interest expense, net 7,276,000 6,168,000 19,696,000 18,693,000
Loss on debt extinguishment 0 0 0 5,453,000
Other expense (income), net 172,000 (1,337,000) (31,000) (1,992,000)
Total other expense, net 7,448,000 4,831,000 19,665,000 22,154,000
Pretax net loss (49,926,000) (8,011,000) (41,365,000) (1,721,000)
Income tax benefit (expense) 355,000 (317,000) (368,000) (187,000)
Net loss (49,571,000) (8,328,000) (41,733,000) (1,908,000)
Net loss attributable to non-controlling interest (435,000) (426,000) (360,000) (65,000)
Net loss attributable to PetIQ, Inc. $ (49,136,000) $ (7,902,000) $ (41,373,000) $ (1,843,000)
Net loss per share attributable to PetIQ, Inc. Class A common stock        
Basic (in dollars per share) $ (1.68) $ (0.27) $ (1.42) $ (0.07)
Diluted (in dollars per share) $ (1.68) $ (0.27) $ (1.42) $ (0.07)
Weighted Average shares of Class A common stock outstanding        
Basic (in shares) 29,224 28,940 29,224 27,949
Diluted (in shares) 29,224 28,940 29,224 27,949
Total net sales $ 209,725,000 $ 210,534,000 $ 737,434,000 $ 735,892,000
Products        
Total cost of sales 131,414,000 142,009,000 485,833,000 510,673,000
Operating expenses        
Goodwill impairment     0  
Weighted Average shares of Class A common stock outstanding        
Total net sales 176,217,000 181,557,000 642,981,000 654,448,000
Services        
Total cost of sales 27,541,000 26,453,000 81,222,000 75,720,000
Operating expenses        
Goodwill impairment     47,264,000  
Weighted Average shares of Class A common stock outstanding        
Total net sales $ 33,508,000 $ 28,977,000 $ 94,453,000 $ 81,444,000