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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total revenues $ 107,073 $ 195,794 $ 303,723 $ 373,530
Cost of revenues 48,776 31,767 108,553 72,238
Cost of revenues—related parties 0 2,898 0 11,342
Total cost of revenues 48,776 34,665 108,553 83,580
Gross profit 58,297 161,129 195,170 289,950
Marketing and selling expenses 34,518 113,413 176,842 209,146
General and administrative expenses 68,689 47,031 159,718 96,490
Lease abandonment and impairment of long-lived assets 24,633 0 24,633 0
Other store closure and related costs 4,476 0 4,476 0
Income (loss) from operations (74,019) 685 (170,499) (15,686)
Interest expense 10,050 3,420 14,072 7,316
Interest expense—related parties 0 0 0 75
Loss on extinguishment of debt 13,781 29,640 13,781 29,640
Other (income) expense (1,765) (37) 3,159 81
Net loss before income tax (benefit) expense (96,085) (32,338) (201,511) (52,798)
Income tax (benefit) expense (1,419) 97 555 117
Net loss (94,666) (32,435) (202,066) (52,915)
Net loss attributable to noncontrolling interest (67,867) 0 (146,017) 0
Net loss attributable to SmileDirectClub, Inc. $ (26,799) (32,435) $ (56,049) (52,915)
Earnings per share of Class A common stock:        
Earnings per share of Class A common stock, basic (in USD per share) $ (0.25)   $ (0.52)  
Earnings per share of Class A common stock, diluted (in USD per share) $ (0.25)   $ (0.53)  
Weighted average shares outstanding:        
Weighted average shares outstanding, basic (in shares) 109,048,411   106,819,870  
Weighted average shares outstanding, diluted (in shares) 385,133,303   384,492,628  
Common Class A        
Earnings per share of Class A common stock:        
Earnings per share of Class A common stock, basic (in USD per share) $ (0.25)   $ (0.52)  
Earnings per share of Class A common stock, diluted (in USD per share) $ (0.25)   $ (0.53)  
Excluding Financing Revenue        
Total revenues $ 94,409 185,241 $ 278,337 353,867
Financing Revenue        
Total revenues $ 12,664 $ 10,553 $ 25,386 $ 19,663