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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
Revenues [1] $ 245,017 $ 318,740 $ 532,392 $ 595,644
Cost of revenues 191,442 251,303 428,933 479,912
Gross profit [1] 53,575 67,437 103,459 115,732
Operating expenses 41,970 51,254 88,318 99,124
Goodwill impairment 1,258 0 1,258 [2] 0
Definite-lived intangible asset impairment 957 0 957 0
Impairment (gain) of assets held for sale (658) 11,946 (658) 11,946
Acquisition and divestiture expenses 657 804 1,509 917
Restructuring and related charges 664 2,974 1,952 4,060
Operating income (loss) 8,727 459 10,123 (315)
Other income (expense):        
Interest expense (4,690) (3,566) (7,886) (7,156)
Interest income 215 261 443 546
Other [3] 964 (1,015) 1,389 (1,689)
Total other expense (3,511) (4,320) (6,054) (8,299)
Income (loss) before taxes on income 5,216 (3,861) 4,069 (8,614)
Taxes on income (loss) 1,220 4,286 1,376 3,524
Net income (loss) 3,996 (8,147) 2,693 (12,138)
Non-controlling interests income (140) (219) (469) (229)
Net income (loss) attributable to Aegion Corporation $ 3,856 $ (8,366) $ 2,224 $ (12,367)
Income (loss) per share attributable to Aegion Corporation:        
Basic (in dollars per share) $ 0.13 $ (0.27) $ 0.07 $ (0.39)
Diluted (in dollars per share) $ 0.12 $ (0.27) $ 0.07 $ (0.39)
[1] Revenues and gross profit are attributed to the country of origin
[2] During the second quarter of 2020, the Company recorded a $1.3 million goodwill impairment related to restructuring activities in Energy Services (see Note 4).
[3] Other expense in the second quarter of 2020 includes gains of $0.9 million related to restructuring (see Note 4). Other expense in the second quarter of 2019 includes $0.9 million of restructuring charges (see Note 4). Other expense in the first six months of 2020 and 2019 includes gains of $0.3 million and charges of $1.1 million, respectively, related to restructuring (see Note 4). Other expense in the first six months of 2020 also includes gains of $0.7 million related to divestitures of Insituform Australia and Insituform Spain (see Note 1).