The ONE Group Hospitality, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

The Company’s operating results by segment were as follows (in thousands):


	For the three months ended June 30, 2019								For the three months ended June 30, 2018
			Owned food,		Managed and						Owned food,		Managed and
	Owned		beverage and		licensed				Owned		beverage and		licensed
	restaurants		other		operations		Total		restaurants		other		operations		Total
Revenues:
Owned net revenues	$	18,809	$	2,134	$	—	$	20,943	$	15,520	$	2,083	$	—	$	17,603
Management, license and incentive fee revenue		—		—		2,656		2,656		—		—		2,708		2,708
Total revenues		18,809		2,134		2,656		23,599		15,520		2,083		2,708		20,311

Cost and expenses:
Owned operating expenses:
Cost of sales		5,068		—		—		5,068		4,037		—		—		4,037
Other operating expenses		11,856		—		—		11,856		9,399		—		—		9,399
Owned food, beverage and other expenses		—		2,225		—		2,225		—		2,025		—		2,025
Total owned operating expenses		16,924		2,225		—		19,149		13,436		2,025		—		15,461
Segment income (loss)	$	1,885	$	(91)	$	2,656	$	4,450	$	2,084	$	58	$	2,708	$	4,850

General and administrative								2,615								2,615
Depreciation and amortization								1,004								901
Interest expense, net of interest income								657								290
Equity in income of investee companies								—								(134)
Other								354								695
(Loss) income before provision for income taxes							$	(180)							$	483

For the three months ended June 30, 2018

Owned food,

Managed and

Owned

beverage and

licensed

restaurants

other

operations

Total

Revenues:

Owned net revenues

—

Management, license and incentive fee revenue

—

Total revenues

—

Cost and expenses:

Owned operating expenses:

Cost of sales

—

Other operating expenses

—

Owned food, beverage and other expenses

—

Total owned operating expenses

—

Segment income

—

General and administrative

—

Depreciation and amortization

—

Interest expense, net of interest income

—

Equity in loss of investee companies

—

Other

—

Income before provision for income taxes

—


	For the six months ended June 30, 2019								For the six months ended June 30, 2018
			Owned food,		Managed and						Owned food,		Managed and
	Owned		beverage and		licensed				Owned		beverage and		licensed
	restaurants		other		operations		Total		restaurants		other		operations		Total
Revenues:
Owned net revenues	$	36,629	$	4,407	$	—	$	41,036	$	30,596	$	4,088	$	—	$	34,684
Management, license and incentive fee revenue		—		—		5,339		5,339		—		—		5,144		5,144
Total revenues		36,629		4,407		5,339		46,375		30,596		4,088		5,144		39,828

Cost and expenses:
Owned operating expenses:
Cost of sales		9,637		—		—		9,637		8,071		—		—		8,071
Other operating expenses		22,771		—		—		22,771		18,777		—		—		18,777
Owned food, beverage and other expenses		—		4,484		—		4,484		—		3,714		—		3,714
Total owned operating expenses		32,408		4,484		—		36,892		26,848		3,714		—		30,562
Segment income (loss)	$	4,221	$	(77)	$	5,339	$	9,483	$	3,748	$	374	$	5,144	$	9,266

General and administrative								5,265								5,670
Depreciation and amortization								1,946								1,679
Interest expense, net of interest income								924								608
Equity in income of investee companies								—								(111)
Other								661								794
Income before provision for income taxes							$	687							$	626

For the six months ended June 30, 2018