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Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenue $ 122,517 $ 140,891 $ 234,035 $ 269,173
Operating expenses:        
Cost of services and products, exclusive of depreciation and amortization shown separately below 24,752 50,364 48,835 94,878
Selling, general and administrative 66,306 115,567 132,728 175,180
Depreciation and amortization 22,863 20,933 45,608 40,820
Impairment of intangible assets     6,632  
Total operating expenses 113,921 186,864 233,803 310,878
Income (loss) from operations 8,596 (45,973) 232 (41,705)
Other (expense) income:        
Interest income 735 631 1,410 1,115
Interest expense (11,269) (21,560) (22,921) (36,870)
Income from investment in unconsolidated investees 53 246 269 761
Other income (expense), net 516 (2,620) 1,610 (3,174)
Total other expense (9,965) (23,303) (19,632) (38,168)
Loss before income taxes (1,369) (69,276) (19,400) (79,873)
Income tax benefit 5,196 28,609 4,208 24,181
Net income (loss) 3,827 (40,667) (15,192) (55,692)
Less: Net income attributable to non-controlling interests in consolidated entities (1,996) (1,233) (2,578) (2,001)
Net income (loss) attributable to non-controlling interests of EVO Investco, LLC (1,368) 58,613 12,943 74,406
Net income (loss) attributable to EVO Payments, Inc. $ 463 $ 16,713 $ (4,827) $ 16,713
Earnings per share        
Basic (in dollars per share) $ 0.01 $ 0.97 $ (0.17) $ 0.97
Diluted (in dollars per share) $ 0.01 $ 0.96 $ (0.17) $ 0.96
Weighted average Class A common stock outstanding        
Basic (in shares) 31,898,531 17,293,355 29,147,326 17,293,355
Diluted (in shares) 31,898,531 17,432,722 29,147,326 17,432,722
Comprehensive (loss) income:        
Net income (loss) $ 3,827 $ (40,667) $ (15,192) $ (55,692)
Unrealized gain on defined benefit plan, net of tax [1] 11   14  
Unrealized gain (loss) on foreign currency translation adjustment, net of tax [2] 5,878 (21,578) 3,399 (7,023)
Other comprehensive income (loss) 5,889 (21,578) 3,413 (7,023)
Comprehensive income (loss) 9,716 (62,245) (11,779) (62,715)
Less: Comprehensive income (loss) attributable to non-controlling interests in consolidated entities (3,277) 4,263 (2,704) 2,152
Other comprehensive income (loss) attributable to non-controlling interests of EVO Investco, LLC (4,256) 79,630 11,076 77,782
Comprehensive (loss) income attributable to EVO Payments, Inc. $ 2,183 $ 21,648 $ (3,407) $ 17,219
[1] Net of tax expense of less than $0.1 million for each of the three and six months ended June 30, 2019.
[2] Net of tax (expense) benefit of $(1.8) million and $6.6 million for the three months ended June 30, 2019 and 2018, respectively. Net of tax (expense) benefit of $(1.0) million and $2.1 million for the six months ended June 30, 2019 and 2018, respectively.