XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Services $ 259,678 $ 362,130 $ 587,420 $ 690,921
Operating expenses:        
Cost of services sold 165,632 240,749 388,325 477,903
Office and general expenses 66,210 87,276 132,563 154,394
Depreciation and amortization 8,899 10,663   19,501
Impairment and other losses 18,839 0 19,000 0
Costs and Expenses, Total 259,580 338,688 557,993 651,798
Operating income (loss) 98 23,442 29,427 39,123
Other income (expense):        
Interest expense and finance charges, net (15,941) (16,413) (31,553) (33,174)
Other, net 5,884 (746) 22,218 (4,128)
Foreign exchange gain (loss) 5,342 2,932 (9,415) 8,374
Nonoperating Income (Expense), Total (4,715) (14,227) (18,750) (28,928)
Income (loss) before income taxes and equity in earnings of non-consolidated affiliates (4,617) 9,215 10,677 10,195
Income tax expense (benefit) (7,923) 2,088 5,577 2,835
Income before equity in earnings (losses) of non-consolidated affiliates 3,306 7,127 5,100 7,360
Equity in earnings (losses) of non-consolidated affiliates (798) 206 (798) 289
Net income (loss) 2,508 7,333 4,302 7,649
Net income attributable to the noncontrolling interest (3,101) (3,043) (3,892) (3,472)
Net income (loss) attributable to MDC Partners Inc. (593) 4,290 410 4,177
Net income (loss) attributable to MDC Partners Inc. common shareholders $ (4,102) $ 775 $ (6,539) $ (1,448)
Basic and diluted        
Earnings per share, basic $ (0.06) $ 0.01 $ (0.09) $ (0.02)
Earnings per share, diluted $ (0.06) $ 0.01 $ (0.09) $ (0.02)
Weighted Average Number of Common Shares Outstanding:        
Weighted Average Number of Shares Outstanding, Basic 72,528,455 71,915,832 72,463,058 66,118,749
Weighted Average Number of Shares Outstanding, Diluted 72,528,455 72,024,689 72,463,058 66,118,749
Series 4 Convertible Preferred Stock [Domain] | Preferred Stock        
Other income (expense):        
Accretion on and net income allocated to convertible preference shares $ (3,509) $ (3,515)   $ 5,625