Income Statement

v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Owned restaurant net revenues $ 17,820 $ 15,076
Owned food, beverage and other net revenues 2,273 2,005
Total owned revenue 20,093 17,081
Management, license and incentive fee revenue 2,683 2,436
Total revenues 22,776 19,517
Owned restaurants:    
Owned restaurant cost of sales 4,569 4,034
Owned restaurant operating expenses 10,915 9,378
Total owned restaurant expenses 15,484 13,412
Owned food, beverage and other expenses 2,259 1,689
Total owned operating expenses 17,743 15,101
General and administrative (including stock-based compensation of $181 and $324 for the three months ended March 31, 2019 and 2018 respectively) 2,650 3,055
Depreciation and amortization 942 778
Pre-opening expenses 482 210
Equity in income of investee companies   23
Other income, net (175) (111)
Total costs and expenses 21,642 19,056
Operating income 1,134 461
Other expenses, net:    
Interest expense, net of interest income 269 318
Total other expenses, net 269 318
Income before provision for income taxes 865 143
Provision for income taxes 96 25
Net income 769 118
Less: net loss attributable to noncontrolling interest (85) (113)
Net income attributable to The ONE Group Hospitality, Inc. 854 231
Currency translation adjustment (160) (75)
Comprehensive income $ 694 $ 156
Net income attributable to The ONE Group Hospitality, Inc. per share:    
Basic net income per share (in dollars per share) $ 0.03 $ 0.01
Diluted net income per share (in dollars per share) $ 0.03 $ 0.01
Shares used in computing basic earnings per share (in shares) 28,314,820 27,187,657
Shares used in computing diluted earnings per share (in shares) 29,311,756 27,388,498

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