Income Statement

v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues:    
Owned restaurant net revenue $ 136,618 $ 108,775
Management, license and incentive fee revenue 5,325 11,906
Total revenues 141,943 120,681
Owned operating expenses:    
Owned restaurant cost of sales 34,024 28,005
Owned restaurant operating expenses 87,042 67,883
Total owned operating expenses 121,066 95,888
General and administrative (including stock-based compensation of $1,773 and $1,306 for the years ended December 31, 2020 and 2019, respectively) 13,922 11,472
Depreciation and amortization 10,114 5,404
COVID-19 related expenses 5,492  
Transaction costs 1,109 2,513
Lease termination expenses 3,315 573
Agreement restructuring expenses 452  
Pre-opening expenses 178 565
Bargain purchase gain   (10,963)
Loss on impairment of investments   2,684
Other income, net (11) (246)
Total costs and expenses 155,637 107,890
Operating (loss) income (13,694) 12,791
Other expenses, net:    
Interest expense, net of interest income 5,329 1,954
Loss on early debt extinguishment   858
Total other expenses, net 5,329 2,812
(Loss) income before benefit for income taxes (19,023) 9,979
Benefit for income taxes (5,400) (11,154)
Net (loss) income (13,623) 21,133
Less: net (loss) income attributable to noncontrolling interest (798) 302
Net (loss) income attributable to The ONE Group Hospitality, Inc. (12,825) 20,831
Currency translation gain (loss) 5 (341)
Comprehensive (loss) income attributable to The ONE Group Hospitality, Inc. $ (12,820) $ 20,490
Net income attributable to The ONE Group Hospitality, Inc. per share:    
Basic net (loss) income per share $ (0.44) $ 0.73
Diluted net (loss) income per share $ (0.44) $ 0.70
Shares used in computing basic earnings per share 28,909,963 28,454,385
Shares used in computing diluted earnings per share 28,909,963 29,636,219

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