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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total net sales $ 314,547 $ 252,014 $ 605,018 $ 527,709
Total cost of sales 240,668 190,040 468,879 408,100
Gross profit 73,879 61,974 136,139 119,609
Operating expenses        
Selling, general and administrative expenses 55,159 50,595 98,486 98,831
Operating income 18,720 11,379 37,653 20,778
Interest expense, net 8,824 6,299 17,556 12,420
Other expense (income), net 151 (201) 123 (204)
Total other expense, net 8,975 6,098 17,679 12,216
Pretax net income 9,745 5,281 19,974 8,562
Income tax expense (192) (603) (640) (724)
Net income 9,553 4,678 19,334 7,838
Net income attributable to non-controlling interest 85 46 167 75
Net income attributable to PetIQ, Inc. $ 9,468 $ 4,632 $ 19,167 $ 7,763
Net income per share attributable to PetIQ, Inc. Class A common stock        
Basic (in dollars per share) $ 0.32 $ 0.16 $ 0.66 $ 0.27
Diluted (in dollars per share) $ 0.32 $ 0.16 $ 0.66 $ 0.26
Weighted Average shares of Class A common stock outstanding        
Basic (in shares) 29,136 29,283 29,083 29,223
Diluted (in shares) 29,373 29,329 29,218 29,304
Products        
Total net sales $ 278,167 $ 219,014 $ 537,160 $ 466,764
Total cost of sales 210,428 163,568 411,330 354,419
Services        
Total net sales 36,380 33,000 67,858 60,945
Total cost of sales $ 30,240 $ 26,472 $ 57,549 $ 53,681