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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 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenues $ 69,832 $ 67,423 $ 196,626 $ 195,696
Related party - cost of revenues 2,535 2,109 7,201 5,952
Cost of revenues 54,457 52,704 151,806 152,869
Gross profit 12,840 12,610 37,619 36,875
Selling, general and administrative expense 10,614 9,426 29,952 28,020
Depreciation and amortization 506 509 1,524 1,573
Operating income 1,720 2,675 6,143 7,282
Interest expense 270 124 595 402
Other income, net (126) (137) (363) (208)
Income before income tax expense 1,576 2,688 5,911 7,088
Income tax expense 676 549 1,942 2,036
Net income 900 2,139 3,969 5,052
Net income attributable to non-controlling interest (932) (959) (2,180) (2,441)
Net income (loss) attributable to SPAR Group, Inc. $ (32) $ 1,180 $ 1,789 $ 2,611
Basic and diluted income (loss) per common share: (in dollars per share) $ (0.00) $ 0.06 $ 0.08 $ 0.12
Weighted average common shares – basic (in shares) 22,227 21,295 21,873 21,248
Weighted average common shares – diluted (in shares) 22,227 21,589 22,010 21,592
Net income $ 900 $ 2,139 $ 3,969 $ 5,052
Other comprehensive income (loss):        
Foreign currency translation adjustments (1,085) (1,352) (5,021) (2,696)
Comprehensive income (loss) (185) 787 (1,052) 2,356
Comprehensive loss (income) attributable to non-controlling interest (303) (311) 1,696 (423)
Comprehensive income (loss) attributable to SPAR Group, Inc. $ (488) $ 476 $ 644 $ 1,933