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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenues $ 168,501 $ 180,185 $ 472,224 $ 553,714
Cost of revenues 49,760 39,125 158,313 111,363
Cost of revenues—related parties 0 2,310 0 13,652
Total cost of revenues 49,760 41,435 158,313 125,015
Gross profit 118,741 138,750 313,911 428,699
Marketing and selling expenses 66,722 131,263 243,564 340,409
General and administrative expenses 74,110 389,828 233,828 486,319
Lease abandonment and impairment of long-lived assets 3,960 0 28,593 0
Other store closure and related costs 1,714 0 6,190 0
Loss from operations (27,765) (382,341) (198,264) (398,029)
Interest expense 15,555 4,291 29,627 11,607
Interest expense—related parties 0 0 0 75
Loss on extinguishment of debt 0 32 13,781 29,672
Other (income) expense (1,028) 421 2,131 500
Net loss before income tax expense (42,292) (387,085) (243,803) (439,883)
Income tax expense 1,190 479 1,745 596
Net loss (43,482) (387,564) (245,548) (440,479)
Net loss attributable to noncontrolling interest (30,892) (299,268) (176,909) (352,183)
Net loss attributable to SmileDirectClub, Inc. $ (12,590) $ (88,296) $ (68,639) $ (88,296)
Earnings per share of Class A common stock:        
Earnings per share of Class A common stock, basic (in USD per share) $ (0.11) $ (0.89) $ (0.63) $ (0.89)
Earnings per share of Class A common stock, diluted (in USD per share) $ (0.11) $ (0.89) $ (0.64) $ (0.89)
Weighted average shares outstanding:        
Weighted average shares outstanding, basic (in shares) 111,703,080 99,533,877 108,459,488 99,533,877
Weighted average shares outstanding, diluted (in shares) 385,672,677 379,008,382 384,888,849 379,008,382
Common Class A        
Earnings per share of Class A common stock:        
Earnings per share of Class A common stock, basic (in USD per share) $ (0.11) $ (0.89) $ (0.63) $ (0.89)
Earnings per share of Class A common stock, diluted (in USD per share) $ (0.11) $ (0.89) $ (0.64) $ (0.89)
Excluding Financing Revenue        
Total revenues $ 156,459 $ 168,663 $ 434,796 $ 522,529
Financing Revenue        
Total revenues $ 12,042 $ 11,522 $ 37,428 $ 31,185