XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Total net sales $ 290,471 $ 275,695
Total cost of sales 228,210 218,060
Gross profit 62,261 57,635
Operating expenses    
Selling, general and administrative expenses 43,326 48,236
Operating income 18,935 9,399
Interest expense, net 8,732 6,121
Other income, net (26) (3)
Total other expense, net 8,706 6,118
Pretax net income 10,229 3,281
Income tax expense (448) (121)
Net income 9,781 3,160
Net income attributable to non-controlling interest 82 29
Net income attributable to PetIQ, Inc. $ 9,699 $ 3,131
Net income per share attributable to PetIQ, Inc. Class A common stock    
Basic (in dollars per share) $ 0.33 $ 0.11
Diluted (in dollars per share) $ 0.32 $ 0.11
Weighted Average shares of Class A common stock outstanding    
Basic (in shares) 29,125 29,164
Diluted (in shares) 35,230 29,290
Products    
Total net sales $ 258,993 $ 247,750
Total cost of sales 200,902 190,851
Services    
Total net sales 31,478 27,945
Total cost of sales $ 27,308 $ 27,209