XML 56 R2.htm IDEA: XBRL DOCUMENT v3.19.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Services $ 342,907 $ 375,830 $ 1,033,828 $ 1,082,541
Operating expenses:        
Cost of services sold 222,448 238,690 700,351 735,110
Office and general expenses 79,726 102,380 234,120 270,137
Depreciation and amortization 9,368 11,134 28,869 35,212
Goodwill and other asset impairment 1,944 21,008 1,944 23,325
Costs and Expenses, Total 313,486 373,212 965,284 1,063,784
Operating income 29,421 2,618 68,544 18,757
Other income (expense):        
Interest expense and finance charges, net (16,110) (17,063) (49,284) (50,005)
Other, net (431) 189 (4,559) 1,222
Foreign exchange gain (loss) (3,973) 3,275 4,401 (9,934)
Nonoperating Income (Expense), Total (20,514) (13,599) (49,442) (58,717)
Income (loss) before income taxes and equity in earnings of non-consolidated affiliates 8,907 (10,981) 19,102 (39,960)
Income tax expense (benefit) 3,457 2,986 6,292 (3,367)
Income (loss) before equity in earnings of non-consolidated affiliates 5,450 (13,967) 12,810 (36,593)
Equity in earnings of non-consolidated affiliates 63 300 352 358
Net income (loss) 5,513 (13,667) 13,162 (36,235)
Net income attributable to the noncontrolling interest (7,265) (2,458) (10,737) (5,900)
Net income (loss) attributable to MDC Partners Inc. $ (1,752) (16,125) $ 2,425 $ (42,135)
Accretion on and net income allocated to convertible preference shares   $ 2,109    
Basic and diluted        
Income (Loss) from Continuing Operations, Per Diluted Share $ (0.07) $ (0.32) $ (0.10) $ (0.85)
Weighted Average Number of Common Shares Outstanding:        
Weighted Average Number of Shares Outstanding, Basic 72,044,480 57,498,661 68,154,306 57,117,797
Weighted Average Number of Shares Outstanding, Diluted 72,044,480 57,498,661 68,154,306 57,117,797
Stock-based compensation $ 6,026 $ 6,242 $ 12,632 $ 16,882
Cost of services sold        
Weighted Average Number of Common Shares Outstanding:        
Stock-based compensation 5,193 4,390 12,180 11,784
Office and general expenses        
Weighted Average Number of Common Shares Outstanding:        
Stock-based compensation 833 $ 1,852 $ 452 5,098
Series 4 Convertible Preferred Stock [Domain] | Preferred Stock        
Other income (expense):        
Accretion on and net income allocated to convertible preference shares $ 3,306     $ 6,204