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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total net sales $ 277,019 $ 209,725 $ 882,037 $ 737,434
Total cost of sales 204,408 158,955 673,287 567,055
Gross profit 72,611 50,770 208,750 170,379
Operating expenses        
Selling, general and administrative expenses 55,021 45,984 153,507 144,815
Restructuring 8,235 0 8,235 0
Goodwill impairment 0 47,264 0 47,264
Operating income (loss) 9,355 (42,478) 47,008 (21,700)
Interest expense, net 8,581 7,276 26,137 19,696
Other expense (income), net 35 172 158 (31)
Total other expense, net 8,616 7,448 26,295 19,665
Pretax net income (loss) 739 (49,926) 20,713 (41,365)
Income tax (expense) benefit (283) 355 (923) (368)
Net income (loss) 456 (49,571) 19,790 (41,733)
Net income (loss) attributable to non-controlling interest 5 (435) 172 (360)
Net income (loss) attributable to PetIQ, Inc. $ 451 $ (49,136) $ 19,618 $ (41,373)
Net income (loss) per share attributable to PetIQ, Inc. Class A common stock        
Basic (in dollars per share) $ 0.02 $ (1.68) $ 0.67 $ (1.42)
Diluted (in dollars per share) $ 0.02 $ (1.68) $ 0.67 $ (1.42)
Weighted Average shares of Class A common stock outstanding        
Basic (in shares) 29,181 29,224 29,116 29,224
Diluted (in shares) 29,715 29,224 29,386 29,224
Products        
Total net sales $ 239,665 $ 176,217 $ 776,825 $ 642,981
Total cost of sales 174,286 131,414 585,616 485,833
Services        
Total net sales 37,354 33,508 105,212 94,453
Total cost of sales $ 30,122 $ 27,541 $ 87,671 $ 81,222