Primo Water Corp
CIK:0001365101|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
|
| Net sales | $ 86,967,000 | $ 81,770,000 | $ 236,275,000 | $ 231,231,000 |
| Operating costs and expenses: | ||||
| Cost of sales | 64,694,000 | 58,312,000 | 174,418,000 | 164,462,000 |
| Selling, general and administrative expenses | 8,007,000 | 7,369,000 | 27,105,000 | 26,169,000 |
| Special items | 827,000 | 139,000 | 2,240,000 | 626,000 |
| Depreciation and amortization | 7,657,000 | 6,194,000 | 21,499,000 | 18,365,000 |
| Impairment charges and other | (217,000) | 67,940,000 | 109,000 | 68,184,000 |
| Total operating costs and expenses | 80,968,000 | 139,954,000 | 225,371,000 | 277,806,000 |
| Income (loss) from operations | 5,999,000 | (58,184,000) | 10,904,000 | (46,575,000) |
| Interest expense, net | 3,378,000 | 2,465,000 | 8,680,000 | 18,909,000 |
| Income (loss) before income taxes | 2,621,000 | (60,649,000) | 2,224,000 | (65,484,000) |
| Income tax benefit | 0 | (2,411,000) | 0 | (8,907,000) |
| Net income (loss) | $ 2,621,000 | $ (58,238,000) | $ 2,224,000 | $ (56,577,000) |
| Earnings (loss) per common share: | ||||
| Basic (in dollars per share) | $ 0.06 | $ (1.45) | $ 0.06 | $ (1.55) |
| Diluted (in dollars per share) | $ 0.06 | $ (1.45) | $ 0.05 | $ (1.55) |
| Weighted average shares used in computing earnings (loss) per share: | ||||
| Basic (in shares) | 40,515 | 40,072 | 40,400 | 36,410 |
| Diluted (in shares) | 41,112 | 40,072 | 41,096 | 36,410 |