XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Share-based Compensation $ 5,228 $ 3,266 $ 15,443 $ 13,025
Revenue:        
Services 349,254 328,415 995,343 967,243
Operating Expenses:        
Cost of services sold 235,659 212,925 675,940 648,386
Office and general expenses 83,303 78,786 233,840 206,169
Depreciation and amortization 11,412 13,086 34,068 39,393
Goodwill, Impairment Loss 29,631 0 29,631 0
Costs and Expenses, Total 360,005 304,797 973,479 893,948
Operating profit (10,751) 23,618 21,864 73,295
Other Income (Expense):        
Other, net (6,008) (15,623) 9,530 (29,315)
Interest expense and finance charges (16,540) (14,638) (49,289) (43,022)
Loss on redemption of notes 0 0 (33,298) 0
Interest income 218 114 599 338
Nonoperating Income (Expense), Total (22,330) (30,147) (72,458) (71,999)
Loss from continuing operations before income taxes and equity in earnings of non-consolidated affiliates (33,081) (6,529) (50,594) 1,296
Income tax benefit (540) (1,191) 1,893 (566)
Loss from continuing operations before equity in earnings of non-consolidated affiliates (32,541) (5,338) (52,487) 1,862
Equity in earnings of non-consolidated affiliates 70 172 9 627
Income from continuing operations (32,471) (5,166) (52,478) 2,489
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes 0 (1,316) 0 (6,281)
Net loss (32,471) (6,482) (52,478) (3,792)
Net income attributable to the noncontrolling interests (1,059) (2,122) (3,172) (7,343)
Net loss attributable to MDC Partners Inc. $ (33,530) $ (8,604) $ (55,650) $ (11,135)
Basic and Diluted        
Loss from continuing operations attributable to MDC Partners Inc. common shareholders (usd per share) $ (0.64) $ (0.15) $ (1.09) $ (0.10)
Discontinued operations attributable to MDC Partners Inc. common shareholders (usd per share) 0.00 (0.02) 0.00 (0.12)
Net loss attributable to MDC Partners Inc. common shareholders (usd per share) (0.64) (0.17) (1.09) (0.22)
Income (Loss) from Continuing Operations, Per Diluted Share $ (0.64) $ (0.15) $ (1.09) $ (0.10)
Weighted Average Number of Common Shares Outstanding:        
Basic (USD per share) 52,244,819 49,915,807 50,861,890 49,843,980
Diluted (USD per share) 52,244,819 49,915,807 50,861,890 49,843,980
Cost of Sales [Member]        
Share-based Compensation $ 3,026 $ 1,727 $ 10,393 $ 8,415
General and Administrative Expense [Member]        
Share-based Compensation $ 2,202 $ 1,539 $ 5,050 $ 4,610