Income Statement

v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Owned restaurant net revenues $ 15,520 $ 14,683 $ 30,596 $ 28,911
Owned food, beverage and other net revenues 2,083 2,431 4,088 6,316
Total owned revenues 17,603 17,114 34,684 35,227
Management, license and incentive fee revenue 2,708 2,784 5,144 5,098
Total revenues 20,311 19,898 39,828 40,325
Owned restaurants:        
Owned restaurant cost of sales 4,037 3,838 8,071 7,714
Owned restaurant operating expenses 9,399 9,408 18,777 18,777
Total owned operating expenses 13,436 13,246 26,848 26,491
Owned food, beverage and other expenses 2,025 2,315 3,714 5,252
Total owned operating expenses 15,461 15,561 30,562 31,743
General and administrative (including stock-based compensation of $344, $324, $668 and $544, respectively) 2,615 3,291 5,670 6,212
Settlements 0 795 0 795
Depreciation and amortization 901 805 1,679 1,671
Lease termination expense and asset write-offs 90 208 90 481
Pre-opening expenses 671 722 881 1,192
Transaction costs 0 254 0 254
Equity in (income) loss of investee companies (134) 153 (111) 108
Other income, net (66) (130) (177) (118)
Total costs and expenses 19,538 21,659 38,594 42,338
Income (loss) from operations 773 (1,761) 1,234 (2,013)
Interest expense, net of interest income 290 220 608 479
Income (loss) from continuing operations before provision for income taxes 483 (1,981) 626 (2,492)
Income tax provision 169 203 194 186
Income (loss) from continuing operations 314 (2,184) 432 (2,678)
(Loss) from discontinued operations, net of taxes 0 0 0 (106)
Net income (loss) 314 (2,184) 432 (2,784)
Less: net loss attributable to noncontrolling interest 133 116 20 (82)
Net income (loss) attributable to The ONE Group Hospitality, Inc. 181 (2,300) 412 (2,702)
Currency translation adjustment 141 139 66 83
Comprehensive income (loss) $ 322 $ (2,161) $ 478 $ (2,619)
Basic earnings (loss) per share:        
Continuing operations $ 0.01 $ (0.09) $ 0.02 $ (0.10)
Discontinued operations 0 0 0 0
Attributed to The ONE Group Hospitality, Inc. 0.01 (0.09) 0.02 (0.11)
Diluted earnings (loss) per share:        
Continuing operations 0.01 (0.09) 0.01 (0.10)
Discontinued operations 0 0 0 0
Attributed to The ONE Group Hospitality, Inc. $ 0.01 $ (0.09) $ 0.01 $ (0.11)
Weighted average number of common shares outstanding        
Basic 27,366,322 25,144,932 27,277,483 25,098,040
Diluted 27,659,448 25,144,932 27,516,884 25,098,040

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