Hanger, inc. (HNGR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenues

233,739

300,891

279,638

281,098

236,419

284,853

262,946

266,966

233,995

285,736

257,966

263,386

233,681

281,053

260,084

264,456

236,461

285,653

275,182

272,836

233,501

278,910

261,699

255,574

215,917

255,048

253,217

253,667

213,837

211,140

242,536

251,754

218,091

237,343

235,261

234,751

200,439

206,749

205,808

Material costs

77,241

95,961

92,034

91,399

78,377

90,340

84,805

86,516

76,356

88,816

82,345

83,657

74,405

86,963

85,437

82,971

76,700

88,062

85,492

85,901

76,828

86,365

86,238

81,109

70,572

77,831

78,933

77,273

67,966

73,168

73,109

72,899

66,697

73,223

69,362

68,514

59,111

63,373

62,753

Personnel costs

89,185

99,430

94,594

91,490

86,711

97,574

90,853

89,554

86,108

95,239

90,065

87,831

87,955

96,880

89,113

88,406

89,138

95,570

95,220

89,912

86,392

93,516

89,104

88,738

82,228

83,742

82,071

82,836

77,131

50,281

84,135

83,435

81,153

80,121

82,127

81,014

78,267

70,108

70,552

Other operating costs

35,886

34,876

32,771

33,741

33,555

31,271

30,999

30,536

31,096

32,097

33,184

31,861

32,689

36,154

34,139

31,970

36,761

34,039

32,764

37,604

36,431

35,636

34,621

34,291

32,337

27,398

28,526

28,620

31,223

-21,729

41,210

51,256

40,144

44,034

44,394

44,603

36,100

42,507

40,710

General and administrative expenses

28,373

30,591

29,834

29,358

28,282

29,085

28,308

26,523

25,636

33,557

25,356

25,227

25,386

23,770

25,726

30,170

27,558

27,103

29,689

29,112

25,857

22,383

21,794

22,545

19,616

21,841

19,137

21,204

16,476

-

-

-

-

-

-

-

-

-

-

Professional accounting and legal fees

3,396

4,113

3,629

3,247

2,700

4,726

3,107

4,236

4,846

7,224

7,844

8,521

12,650

9,829

9,023

10,692

11,689

9,646

9,348

4,853

4,800

19,768

20,973

2,600

1,457

1,205

1,715

1,501

1,400

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

8,831

9,019

9,373

8,760

8,773

8,903

8,950

9,272

9,330

9,665

9,632

9,825

10,137

10,160

11,339

11,660

11,728

15,957

10,240

9,916

10,230

9,978

9,818

9,826

9,307

8,487

8,526

8,805

8,367

7,157

8,709

8,438

8,285

8,117

7,864

7,696

7,292

4,471

4,460

Impairment of intangible assets

-

-

-

-

-

183

-

-

-

54,735

-

-

-

86,164

-

-

-

384,996

812

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

-

-

-

-

-

-

Relocation expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

272

42

376

7,975

4,185

Loss from operations

-9,173

26,901

17,403

23,103

-1,979

22,771

15,924

20,329

623

-35,597

9,540

16,464

-9,541

-68,867

5,307

8,587

-17,113

-369,720

11,617

15,538

-7,037

11,264

-849

16,465

400

34,544

34,309

33,428

11,274

16,249

35,373

35,726

21,737

32,538

31,242

32,882

19,293

18,315

23,148

Interest expense, net

-8,269

-8,285

-8,954

-8,481

-8,538

-9,046

-8,939

-7,317

-12,263

-14,491

-15,097

-14,091

-14,009

-13,734

-12,809

-9,818

-8,838

-7,935

-7,404

-7,380

-7,173

-7,191

-7,255

-7,063

-6,768

-6,372

-6,942

-8,616

-8,646

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,751

7,684

7,777

7,855

7,796

7,791

8,379

7,636

7,506

Loss on extinguishment of debt

-

-

-

-

-

0

0

0

-16,998

-

-

-

-

-

-6,041

10

-

-7,237

-

-

-

-

-

-

-

-

-

-6,645

-

-

-

-

-

-

-

-

-

-

-

Non-service defined benefit plan expense

158

172

173

173

173

176

176

176

176

184

184

184

184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-17,600

18,444

8,276

14,449

-10,690

13,549

6,809

12,836

-28,814

-50,088

-5,741

2,189

-23,734

-82,601

-13,543

-1,221

-25,951

-384,892

4,213

8,158

-14,210

4,073

-8,104

9,402

-6,368

28,172

27,367

18,167

2,628

4,841

27,622

28,042

13,960

24,683

23,446

25,091

10,914

10,679

15,642

Benefit for income taxes

-1,852

-306

2,585

4,414

-3,739

9,086

2,440

-92

-6,196

34,325

-1,580

552

-6,000

-1,488

-5,687

-321

-8,414

-69,768

1,133

228

793

1,267

-10,054

10,832

-22

13,077

9,815

6,688

875

-52

10,278

10,656

5,324

7,801

8,034

9,660

4,162

3,755

5,880

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-84,413

-

-

-

-81,113

-7,856

-900

-17,537

-315,124

3,080

7,930

-15,003

2,806

1,950

-1,430

-6,346

15,095

17,552

11,479

1,753

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

378

572

-

-664

0

-6,343

-967

-6,235

-10,751

4,661

-3,621

-3,063

-2,034

-282

11

-

-

-

-

-

-

-

-

-

-

Net loss

-15,748

18,750

5,691

10,035

-6,951

4,463

4,369

12,928

-22,618

-84,413

-4,161

1,637

-17,734

-81,128

-7,478

-328

-17,537

-315,788

3,080

1,587

-15,970

-3,429

-8,801

3,231

-9,967

12,032

15,518

11,197

1,764

4,658

17,344

17,386

8,636

16,882

15,412

15,431

6,752

6,924

-

Unrealized gain (loss) on defined benefit plan (net of tax benefit of $0 and $0 for the three months and $105 and $0 for the six months ended June 30, 2018 and 2017, respectively)

-

-

-

-

-

-

-

-

-

195

-

17

17

84

-19

-19

-19

-393

-27

-27

-27

868

-

-

-

-899

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-17

-17

-

-

-

-

-

-

-

-

-868

-

-

-

899

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-84,608

-

1,620

-17,751

-81,212

-7,459

-309

-17,518

-315,395

3,107

1,614

-15,943

-4,297

-8,801

3,231

-9,967

12,931

15,518

11,197

1,764

3,924

17,344

17,386

8,636

15,976

15,412

15,431

6,752

-

-

Basic and Diluted Per Common Share Data:
Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-2.25

-0.22

-0.03

-0.49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings from discontinued operations, net of income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted loss per share

-0.42

-

-

-

-0.19

-

-

-

-

-

-

-

-0.49

-2.25

-0.21

-0.01

-0.49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares used to compute basic and diluted earnings per common share

37,541

-

-

-

37,001

-

-

-

-

-

-

-

36,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic Per Common Share Data
(Loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

0.05

-0.04

-0.18

0.43

0.50

0.33

0.05

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.18

-0.30

0.13

-0.10

-0.09

-0.06

-0.01

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,762

Basic income (loss) per share (in dollars per share)

-

0.50

0.15

0.27

-

0.12

0.12

0.35

-0.62

-

-0.11

0.05

-

-

-

-

-

-

-

-

-

-0.10

-0.25

0.09

-0.28

0.34

0.44

0.32

0.05

0.14

0.50

0.51

0.25

0.50

0.46

0.46

0.20

0.21

0.30

Weighted average shares used to compute basic earnings per common share

-

37,411

37,349

37,299

-

36,906

36,856

36,790

36,498

-

36,340

36,286

-

-

-

-

-

-

-

-

-

35,397

35,388

35,377

35,056

34,945

34,927

34,872

34,570

34,426

34,362

34,268

34,036

33,747

33,571

33,499

33,360

32,377

32,032

Diluted Per Common Share Data
(Loss) income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

0.05

-0.04

-0.18

0.43

0.50

0.33

0.05

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.18

-0.30

0.13

-0.10

-0.09

-0.06

-0.01

-

-

-

-

-

-

-

-

-

-

-

Diluted income (loss) per share

-

0.49

0.15

0.26

-

0.12

0.12

0.35

-0.62

-

-0.11

0.04

-

-

-

-

-

-

-

-

-

-0.10

-0.25

0.09

-0.28

0.34

0.44

0.32

0.05

0.13

0.50

0.50

0.25

0.49

0.45

0.45

0.20

0.21

0.30

Weighted average shares used to compute diluted earnings per common share

-

38,415

37,986

37,887

-

37,721

37,556

37,404

36,498

-

36,340

36,543

-

-

-

-

-

-

-

-

-

35,615

35,571

35,377

35,056

35,364

35,298

35,211

35,062

34,587

35,002

34,720

34,639

34,034

34,347

34,365

34,134

32,866

32,831