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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)        
Revenue $ 137,671 $ 122,235 $ 264,597 $ 228,415
Operating expenses:        
Cost of services and products 22,431 18,028 44,447 35,155
Selling, general, and administrative 70,502 65,670 143,215 126,068
Depreciation and amortization 18,806 20,695 39,317 41,621
Total operating expenses 111,739 104,393 226,979 202,844
Income from operations 25,932 17,842 37,618 25,571
Other expense:        
Interest income 638 329 1,460 570
Interest expense (4,120) (6,061) (8,374) (12,159)
(Loss) gain on investment in equity securities (2,918) 2,506 (2,303) 2,266
Other expense, net (532) (794) (886) (719)
Total other expense (6,932) (4,020) (10,103) (10,042)
Income before income taxes 19,000 13,822 27,515 15,529
Income tax expense (7,742) (7,045) (11,101) (11,575)
Net income 11,258 6,777 16,414 3,954
Less: Net income attributable to non-controlling interests in consolidated entities 3,844 2,157 5,700 3,225
Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC 3,061 1,457 3,778 (1,592)
Net income attributable to EVO Payments, Inc. 4,353 3,163 6,936 2,321
Less: Accrual of redeemable preferred stock paid-in-kind dividends 2,603 2,445 5,137 4,827
Net income (loss) attributable to Class A common stock $ 1,750 $ 718 $ 1,799 $ (2,506)
Earnings per share        
Basic $ 0.03 $ 0.01 $ 0.03 $ (0.05)
Diluted $ 0.03 $ 0.01 $ 0.03 $ (0.05)
Weighted-average Class A common stock outstanding        
Basic 47,862,425 47,038,194 47,702,066 46,775,245
Diluted 48,615,132 47,038,194 47,702,066 46,775,245
Comprehensive income (loss):        
Net income $ 11,258 $ 6,777 $ 16,414 $ 3,954
Change in fair value of interest rate swap, net of tax 1,099 (78) 4,256 311
Change in fair value of cross currency swap, net of tax 568   568  
Unrealized gain (loss) on foreign currency translation adjustment, net of tax (22,782) 13,722 (21,837) (8,049)
Other comprehensive income (loss) (21,115) 13,644 (17,013) (7,738)
Comprehensive income (loss) (9,857) 20,421 (599) (3,784)
Less: Comprehensive income attributable to non-controlling interests in consolidated entities (551) 4,135 20 1,387
Less: Comprehensive income (loss) attributable to non-controlling interests of EVO Investco, LLC (6,570) 6,803 (3,962) (3,699)
Comprehensive income (loss) attributable to EVO Payments, Inc. $ (2,736) $ 9,483 $ 3,343 $ (1,472)