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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Discontinued operations (usd per share) $ 0.02 $ 1.10 $ 0.10 $ 1.23
Earnings Per Share, Diluted $ (0.21) $ 0.97 $ 0.20 $ 0.77
Less: Net income (loss) from discontinued operations attributable to noncontrolling interest $ 0 $ (145) $ 0 $ 522
Gain on sale of discontinued operations, net of income taxes 1,479 72,745 6,893 72,745
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total $ 22,269 $ 28,276 $ 95,590 $ 45,153
Continuing operations (usd per share) $ (0.23) $ (0.13) $ 0.10 $ (0.46)
Gain (Loss) on Extinguishment of Debt $ (534) $ 0 $ (534) $ (33,305)
Net revenues 597,607 488,158 1,669,123 1,372,266
Cost of revenues 358,291 296,027 996,210 818,307
Gross profit 239,316 192,131 672,913 553,959
Operating expenses:        
Selling, general and administrative expense 148,700 118,818 403,428 337,815
Management fees 16,717 12,398 46,304 34,504
Amortization expense 25,152 19,056 67,191 56,502
Operating income 48,747 41,859 155,990 125,138
Other income (expense):        
Interest expense, net (22,799) (13,855) (57,737) (42,607)
Amortization of debt issuance costs (1,004) (759) (2,735) (2,167)
Gain (Loss) on Extinguishment of Debt (534) 0 (534) (33,305)
Other income (expense), net (2,141) 1,031 606 (1,906)
Provision for income taxes 21,163 9,556 39,201 24,662
Net income 2,585 90,156 63,282 100,901
Less: Net income from continuing operations attributable to noncontrolling interest (4,359) (2,201) (14,927) (7,915)
Net income (loss) attributable to Holdings $ (1,774) $ 88,100 $ 48,355 $ 92,464
Amounts attributable to Holdings        
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares) 71,910 65,008 70,514 64,936
Cash distributions declared per share (refer to Note J) (usd per share) $ 0.25 $ 1.24 $ 0.75 $ 1.96
Total        
Net revenues $ 75,482 $ 76,901 $ 180,774 $ 205,891