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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Discontinued operations (usd per share) $ 0.04 $ 0.12 $ 0.18 $ 0.24
Earnings Per Share, Diluted $ 0.17 $ (0.38) $ 0.37 $ (0.29)
Less: Net income from discontinued operations attributable to noncontrolling interest $ 955 $ 1,412 $ 1,996 $ 2,511
Gain (loss) on sale of discontinued operations, net of income taxes (579) 0 5,414 0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total $ 32,664 $ (13,264) $ 61,017 $ 5,126
Continuing operations (usd per share) $ 0.13 $ (0.50) $ 0.19 $ (0.53)
Gain (Loss) on Extinguishment of Debt $ 0 $ (33,305) $ 0 $ (33,305)
Net revenues 515,597 431,525 1,026,110 840,081
Cost of revenues 303,840 257,961 613,538 497,969
Gross profit 211,757 173,564 412,572 342,112
Operating expenses:        
Selling, general and administrative expense 125,624 107,317 246,296 211,369
Management fees 14,901 11,058 29,337 21,856
Amortization expense 20,921 18,837 42,026 37,426
Operating income 50,311 36,352 94,913 71,461
Other income (expense):        
Interest expense, net (17,519) (14,947) (34,938) (28,752)
Amortization of debt issuance costs (865) (722) (1,731) (1,408)
Gain (Loss) on Extinguishment of Debt 0 (33,305) 0 (33,305)
Other income (expense), net 737 (642) 2,773 (2,870)
Provision for income taxes 6,132 8,344 16,108 13,652
Net income (loss) 30,957 (11,251) 60,697 10,745
Less: Net income from continuing operations attributable to noncontrolling interest (3,635) (1,967) (8,572) (3,870)
Net income (loss) attributable to Holdings $ 26,367 $ (14,630) $ 50,129 $ 4,364
Basic income (loss) per common share attributable to Holdings (refer to Note J)        
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares) 70,227 64,900 69,804 64,900
Cash distributions declared per share (refer to Note J) (usd per share) $ 0.25 $ 0.36 $ 0.50 $ 0.72
Velocity        
Net revenues $ 53,846 $ 63,358 $ 105,292 $ 128,990