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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Current Period Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net revenues $ 67,799 $ 67,176 $ 126,794 $ 128,273
Related Party - Cost of revenues 2,521 1,979 4,666 3,843
Cost of revenues 52,330 53,191 97,348 100,165
Gross profit 12,948 12,006 24,780 24,265
Selling, general and administrative expense 10,084 9,585 19,338 18,595
Depreciation and amortization 507 534 1,017 1,064
Operating income 2,357 1,887 4,425 4,606
Interest expense 178 129 328 277
Other expense (income), net (149) 5 (237) (70)
Income before income tax expense 2,328 1,753 4,334 4,399
Income tax expense 715 621 1,266 1,486
Net income (1,613) (1,132) (3,068) (2,913)
Net (income) attributable to non-controlling interest (464) (618) (1,247) (1,482)
Net income attributable to SPAR Group, Inc. $ (1,149) $ (514) $ (1,821) $ (1,431)
Basic and diluted income per common share: (in dollars per share) $ 0.05 $ 0.02 $ 0.08 $ 0.07
Weighted average common shares – basic (in shares) 21,808 21,262 21,696 21,225
Weighted average common shares – diluted (in shares) 21,935 21,617 21,831 21,600
Net income $ 1,613 $ 1,132 $ 3,068 $ 2,913
Other comprehensive income (loss):        
Foreign currency translation adjustments (3,562) 491 (3,936) (1,344)
Comprehensive (loss) income (1,949) 1,623 (868) 1,569
Comprehensive loss (income) attributable to non-controlling interest 803 (885) 1,999 (112)
Comprehensive income (loss) attributable to SPAR Group, Inc. $ (1,146) $ 738 $ 1,131 $ 1,457