ARC DOCUMENT SOLUTIONS, INC. ARC Income Statement

Arc document solutions, inc. (ARC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
88,425	-	94,104	98,873	97,122	-	100,473	104,190	97,708	-	96,458	102,280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service sales
-	-	-	-	-	-	-	-	-	-	-	-	86,964	85,947	89,178	92,581	90,635	91,593	94,384	99,336	93,325	92,329	94,426	96,198	88,931	87,100	88,830	91,628	87,800	82,969	85,836	91,783	89,672	-	-	-	-	-	-
Equipment and supplies sales
-	-	-	-	-	-	-	-	-	-	-	-	11,767	12,611	11,265	11,189	12,915	12,946	12,034	14,053	10,994	15,265	12,381	12,784	11,442	14,185	12,422	12,994	12,236	13,922	13,590	14,445	13,901	-	-	-	-	-	-
Total net sales
-	-	-	-	-	-	-	-	-	-	-	-	98,731	98,558	100,443	103,770	103,550	104,539	106,418	113,389	104,319	107,594	106,807	108,982	100,373	101,285	101,252	104,622	100,036	96,891	99,426	106,228	103,573	101,846	104,792	109,590	106,504	109,421	115,088
Cost of sales
60,828	62,072	63,702	65,025	66,447	66,255	67,801	68,355	67,523	67,638	67,231	67,794	67,893	68,174	67,713	67,378	69,813	69,238	70,475	72,530	68,298	72,680	70,584	69,775	66,439	67,818	68,372	69,011	67,657	68,251	70,178	72,475	71,695	70,553	70,868	73,895	73,118	74,403	75,633
Gross profit
27,597	30,244	30,402	33,848	30,675	32,158	32,672	35,835	30,185	29,472	29,227	34,486	30,838	30,384	32,730	36,392	33,737	35,301	35,943	40,859	36,021	34,914	36,223	39,207	33,934	33,467	32,880	35,611	32,379	28,640	29,248	33,753	31,878	31,293	33,924	35,695	33,386	35,018	39,455
Selling, general and administrative expenses
24,338	26,379	26,025	27,219	27,637	27,342	26,973	27,506	27,301	25,349	25,843	25,550	25,147	23,462	24,893	25,503	26,356	26,877	25,816	27,132	27,455	26,952	26,331	28,283	26,106	24,117	24,019	24,891	23,773	21,727	23,916	23,973	23,457	23,146	23,533	26,804	27,832	26,612	28,169
Amortization of intangible assets
597	661	718	867	895	926	949	985	1,008	1,030	1,053	1,082	1,115	1,128	1,160	1,232	1,313	1,336	1,375	1,442	1,489	1,489	1,497	1,503	1,498	1,556	1,610	1,699	1,747	1,791	1,846	2,805	4,593	4,596	4,654	4,721	4,744	2,466	2,557
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	17,637	-	-	-	0	73,920	-	-	0	0	-	-	-	-	-	-	-	-	-	-	16,707	-	-	-	42,109	23,335	-	38,263	-
Restructuring Charges
-	-	311	-	-	-	0	-	-	-	-	-	-	0	0	5	2	0	4	11	74	12	11	271	483	779	657	636	472	-	0	-	-	-	-	-	-	-	-
Income from operations
2,662	2,855	3,348	5,762	2,143	3,890	4,750	7,344	1,876	3,093	-15,306	7,854	4,576	5,794	6,677	-64,268	6,066	7,088	8,748	12,274	7,003	6,461	8,384	9,150	5,847	7,015	6,594	8,385	6,387	1,802	-13,221	6,975	3,828	3,551	-36,372	-19,165	810	-32,323	8,729
Other income, net
16	18	17	18	18	18	-38	20	81	21	19	22	19	18	16	15	23	18	25	30	26	25	22	23	26	20	25	35	26	21	25	24	30	15	27	35	26	52	34
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	0	-124	-40	-66	-52	-66	-44	-46	-89	-96	-97	0	-	-347	0	-	-	-262	-	-	-	0	-	-	-	-	-	-	-	-
Interest expense, net
1,109	1,160	1,264	1,372	1,430	1,444	1,478	1,516	1,442	1,500	1,530	1,594	1,555	1,461	1,563	1,526	1,446	1,499	1,679	1,939	1,857	2,923	3,780	3,944	3,913	5,725	5,895	6,076	6,041	6,490	6,982	7,255	7,438	7,495	7,743	7,699	8,167	5,614	5,754
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
1,600	1,332	2,101	4,400	731	2,546	3,200	5,800	515	1,614	-16,941	6,242	2,974	4,299	5,064	-65,823	4,597	5,490	6,998	10,268	5,200	-1,689	4,279	5,229	1,960	-14,767	462	2,344	372	-4,667	-20,178	-256	-3,580	-3,929	-44,088	-26,829	-7,331	-37,885	3,009
Income tax provision
1,107	498	1,042	3,900	284	808	647	1,840	39	13,670	-2,174	2,522	1,226	1,520	2,162	-10,015	1,969	2,306	-73,338	800	800	418	659	607	664	1,040	790	1,467	-311	939	-84	619	1,310	-941	-2,392	57,913	-3,649	-12,668	1,276
Net income
462	822	1,059	512	447	1,656	2,587	4,008	476	-12,056	-14,767	3,720	1,748	2,779	2,902	-55,808	2,628	3,184	80,336	9,457	4,411	-2,107	3,620	4,622	1,296	-15,807	-328	877	683	-5,606	-20,094	-875	-4,890	-2,988	-41,696	-84,742	-3,682	-25,217	1,733
Loss attributable to the noncontrolling interest
-221	-2	-16	-12	-145	44	28	-66	-152	101	7	84	-36	155	61	96	54	123	50	200	-25	220	-41	77	-100	203	122	155	268	290	18	178	17	69	61	-112	-39	-73	54
Net income attributable to ARC Document Solutions, Inc. shareholders
683	824	1,075	524	592	1,612	2,559	4,074	628	-12,157	-14,774	3,636	1,784	2,624	2,841	-55,904	2,574	3,061	80,286	9,257	4,436	-2,327	3,661	4,545	1,396	-16,010	-450	722	415	-5,896	-20,112	-1,053	-4,907	-3,057	-41,757	-84,630	-3,643	-25,144	1,679
Earnings per share attributable to ARC Document Solutions, Inc. shareholders:
Basic (dollars per share)
0.02	0.03	0.02	0.01	0.01	0.04	0.06	0.09	0.01	-0.27	-0.32	0.08	0.04	0.06	0.06	-1.22	0.06	0.06	1.72	0.20	0.10	-0.05	0.08	0.10	0.03	-0.35	-0.01	0.02	0.01	-0.13	-0.44	-0.02	-0.11	-0.06	-0.92	-1.87	-0.08	-0.56	0.04
Diluted (dollars per share)
0.02	0.03	0.02	0.01	0.01	0.04	0.06	0.09	0.01	-0.27	-0.32	0.08	0.04	0.07	0.06	-1.22	0.05	0.07	1.69	0.19	0.09	-0.06	0.08	0.10	0.03	-0.35	-0.01	0.02	0.01	-0.13	-0.44	-0.02	-0.11	-0.06	-0.92	-1.87	-0.08	-0.56	0.04
Weighted average common shares outstanding:
Basic (shares)
43,676	44,667	44,978	45,225	45,118	45,012	44,983	44,936	44,741	45,411	45,834	45,792	45,639	45,566	45,599	45,955	46,608	46,772	46,698	46,611	46,443	46,398	46,338	46,254	45,990	45,785	45,976	45,901	45,762	45,748	45,716	45,667	45,541	45,506	45,416	45,360	45,322	45,224	45,196
Diluted (shares)
43,811	44,687	44,992	45,298	45,355	45,178	45,188	44,979	44,855	44,202	45,834	46,258	46,382	44,381	46,189	45,955	47,203	47,359	47,557	47,558	47,654	47,721	47,015	46,834	46,782	45,599	45,976	46,058	45,791	45,748	45,716	45,667	45,541	45,506	45,416	45,360	45,322	45,224	45,512