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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues [1] $ 308,789 $ 339,679 $ 904,433 $ 999,570
Cost of revenues 241,997 267,006 721,909 794,340
Gross profit [1] 66,792 72,673 182,524 205,230
Operating expenses 48,866 51,386 147,990 161,750
Goodwill impairment 0 1,389 0 1,389
Definite-lived intangible asset impairment 0 870 0 870
Impairment of assets held for sale 0 0 11,946 0
Acquisition and divestiture expenses 1,842 4,800 2,759 6,024
Restructuring and related charges 1,435 1,219 5,495 4,548
Operating income 14,649 13,009 14,334 30,649
Other income (expense):        
Interest expense (3,446) (3,870) (10,602) (13,236)
Interest income 268 130 814 239
Other [2] (5,236) (9,281) (6,925) (10,049)
Total other expense (8,414) (13,021) (16,713) (23,046)
Income (loss) before taxes on income 6,235 (12) (2,379) 7,603
Taxes (benefit) on income (loss) (114) (153) 3,410 1,740
Net income (loss) 6,349 141 (5,789) 5,863
Non-controlling interests income (313) (588) (542) (458)
Net income (loss) attributable to Aegion Corporation $ 6,036 $ (447) $ (6,331) $ 5,405
Earnings (loss) per share attributable to Aegion Corporation:        
Basic (in dollars per share) $ 0.20 $ (0.01) $ (0.20) $ 0.17
Diluted (in dollars per share) $ 0.19 $ (0.01) $ (0.20) $ 0.16
[1] Revenues and gross profit are attributed to the country of origin
[2] Other expense in the third quarter and first nine months of 2019 includes $5.3 million and $6.5 million, respectively, of 2017 Restructuring charges (see Note 4). Other expense for the third quarter and first nine months of 2018 includes charges of $8.7 million related to the loss on the sale of Bayou (see Note 1) and $0.2 million related to 2017 restructuring charges (see Note 4).