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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
TOTAL NET REVENUE $ 281,453 $ 300,711 $ 867,620 $ 878,568
TOTAL COST OF REVENUE 230,528 249,218 715,857 723,778
GROSS PROFIT 50,925 51,493 151,763 154,790
Distribution, selling and administrative expenses 48,841 54,589 154,013 140,840
INCOME (LOSS) FROM OPERATIONS 2,084 (3,096) (2,250) 13,950
Other expenses (income):        
Interest expense 2,715 2,274 8,430 5,101
Other income (490) (462) (845) (1,401)
Change in fair value of interest rate swap contracts (1,984) (284) (2,094) (850)
Lease guarantee expense (95) (58) (305) 5,831
Total other expenses (income), net 146 1,470 5,186 8,681
INCOME (LOSS) BEFORE INCOME TAXES 1,938 (4,566) (7,436) 5,269
Income tax expense (benefit) (36) (672) (2,053) 1,529
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) 1,974 (3,894) (5,383) 3,740
Less: net income (loss) attributable to noncontrolling interests 90 (30) (484) (74)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HF FOODS GROUP INC. $ 1,884 $ (3,864) $ (4,899) $ 3,814
(LOSS) EARNINGS PER COMMON SHARE - BASIC (in USD per share) $ 0.03 $ (0.07) $ (0.09) $ 0.07
(LOSS) EARNINGS PER COMMON SHARE - DILUTED (in USD per share) $ 0.03 $ (0.07) $ (0.09) $ 0.07
WEIGHTED AVERAGE SHARES - BASIC (in shares) 54,142,396 53,798,131 54,005,010 53,716,464
WEIGHTED AVERAGE SHARES - DILUTED (in shares) 54,513,314 53,798,131 54,005,010 53,981,687
Third Party        
TOTAL NET REVENUE $ 280,635 $ 298,929 $ 862,561 $ 873,218
TOTAL COST OF REVENUE 229,772 247,703 710,953 719,052
Related Party        
TOTAL NET REVENUE 818 1,782 5,059 5,350
TOTAL COST OF REVENUE $ 756 $ 1,515 $ 4,904 $ 4,726