Income Statement

v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Owned restaurant net revenues $ 65,896 $ 58,654
Owned food, beverage and other net revenues 8,137 10,227
Total owned revenue 74,033 68,881
Management, license and incentive fee revenue 11,568 10,779
Total revenues 85,601 79,660
Owned restaurants:    
Owned restaurant cost of sales 17,220 15,544
Owned restaurant operating expenses 39,599 37,076
Total owned restaurant expenses 56,819 52,620
Owned food, beverage and other expenses 7,865 9,400
Total owned operating expenses 64,684 62,020
General and administrative (including stock-based compensation of $1,313 and $1,052, respectively) 11,119 11,893
Settlements 0 1,245
Depreciation and amortization 2,824 3,051
Lease termination expense and asset write-offs 213 2,225
Pre-opening expenses 1,365 1,595
Transaction costs 0 421
Equity in income of investee companies (182) (168)
Other expense (income), net (235) 36
Total costs and expenses 79,788 82,318
Operating income (loss) 5,813 (2,658)
Other expenses, net:    
Interest expense, net of interest income 1,193 1,167
Total other expenses, net 1,193 1,167
Income (loss) from continuing operations before provision for income taxes 4,620 (3,825)
Provision for income taxes 713 600
Income (loss) from continuing operations 3,907 (4,425)
Income from discontinued operations 0 397
Net income (loss) 3,907 (4,028)
Less: net income attributable to noncontrolling interest 633 188
Net income (loss) attributable to The ONE Group Hospitality, Inc. 3,274 (4,216)
Currency translation adjustment (754) (12)
Comprehensive income (loss) $ 2,520 $ (4,228)
Net income (loss) attributable to The ONE Group Hospitality, Inc. per share:    
Basic net income (loss) from continuing operations per share $ 0.12 $ (0.18)
Basic net income from discontinued operations per share 0.00 0.02
Basic net income (loss) per share 0.12 (0.17)
Diluted net income (loss) from continuing operations per share 0.12 (0.18)
Diluted net income from discontinued operations per share 0.00 0.02
Diluted net income (loss) per share $ 0.12 $ (0.17)
Shares used in computing basic earnings (loss) per share 27,653,827 25,402,330
Shares used in computing diluted earnings (loss) per share 28,122,445 25,402,330

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