The simply good foods company (SMPL)
Income statement / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Nov'16May'16
Net sales

227,101

152,153

139,184

139,468

123,800

120,931

108,262

107,233

109,347

106,587

56,334

96,503

-

104,590

Cost of goods sold

141,707

89,947

88,618

74,204

74,145

69,011

82,194

55,949

59,090

53,830

39,584

52,933

-

62,162

Gross profit

85,394

62,206

50,566

65,264

49,655

51,920

26,068

51,284

50,257

52,757

16,750

43,570

-

42,428

Operating expenses:
Selling and Marketing Expense

-

-

-

-

-

-

-

-

-

-

6,937

-

-

-

Distribution

-

-

-

6,246

-

-

-

4,656

5,391

4,817

-

4,084

-

4,598

Selling and marketing

27,041

18,434

-

2,802

14,729

15,319

-

4,972

4,975

3,903

-

4,350

-

5,444

Marketing

-

-

-

14,748

-

-

-

10,999

10,056

9,850

-

9,733

-

9,494

General and administrative

28,103

18,145

17,971

18,271

13,732

11,998

10,687

14,158

12,711

12,079

6,969

12,276

-

12,215

Depreciation and amortization

4,287

2,453

-

-

1,902

1,849

-

-

-

-

985

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

1,000

-

-

-

Depreciation and amortization

-

-

-

1,929

-

-

-

1,911

1,948

1,934

-

2,482

-

2,458

Business transaction costs

694

26,159

5,020

758

290

1,039

347

35

1,877

0

0

-

-

-

Loss in fair value change of contingent consideration - TRA liability

0

0

33

0

0

500

-436

614

-3,668

642

0

-

-

-

Other expense

-

-

-

0

-

-

-

137

184

246

-

17

-

227

Total operating expenses

60,125

65,191

38,451

44,754

30,653

30,738

11,209

37,482

33,474

33,471

14,891

32,942

-

34,436

Income from operations

25,269

-2,985

12,115

20,510

19,002

21,182

14,859

13,802

16,783

19,286

1,859

10,628

-

7,992

Other (expense) income:
Fair Value Adjustment of Warrants

-

-

-

-

-

-

0

-

-

-

0

-1,119

-

0

Interest income

85

1,379

1,095

1,066

884

781

0

0

0

0

0

-

-

-

Interest expense

10,589

4,969

3,594

3,428

3,344

3,261

3,382

3,057

3,093

3,019

1,662

6,430

-

6,559

Gain on settlement of TRA liability

0

0

34

0

0

1,500

0

0

0

0

0

-

-

-

Gain (loss) on foreign currency transactions

-194

16

-31

-153

130

-398

-22

-837

601

355

513

724

-

357

Other income

8

37

20

55

77

44

340

77

312

86

30

83

-

-12

Total other expense

-10,690

-3,537

-2,510

-2,460

-2,253

-1,300

-3,064

-3,817

-2,180

-2,578

-1,119

-4,504

-

-6,214

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

14,579

-6,522

9,605

18,050

16,749

19,882

11,795

9,985

14,603

16,708

740

6,124

-

1,778

Income Tax Expense (Benefit)

3,922

-1,729

3,514

4,584

4,027

4,625

89

2,848

-26,791

6,490

290

1,777

-

1,002

Net Income (Loss) Attributable to Parent

10,657

-4,793

6,091

13,466

12,722

15,257

11,706

7,137

41,394

10,218

450

4,347

-

776

Other comprehensive income:
Foreign currency translation adjustments

-141

0

253

-254

-179

142

-316

299

-101

-699

19

-805

-

33

Comprehensive income

10,516

-4,793

6,344

13,212

12,543

15,399

11,390

7,436

41,293

9,519

469

3,542

-

809

Earnings Per Share [Abstract]
Earnings Per Share, Basic

0.11

-0.05

0.07

0.16

0.16

0.20

0.17

0.10

0.59

0.14

0.01

-

-

-

Earnings Per Share, Diluted

0.11

-0.05

0.07

0.16

0.15

0.18

0.16

0.10

0.56

0.14

0.01

-

-

-

Weighted average shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

95,339

89,708

81,847

81,898

81,900

77,290

70,592

70,582

70,582

70,571

70,562

-

-

-

Incremental Common Shares Attributable to Dilutive Effect of Stock Options

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

100,336

89,708

86,888

85,962

85,350

82,774

76,186

73,466

73,832

71,240

71,254

-

-

-

Predecessor
Gross Profit

-

-

-

-

-

-

-

-

-

-

-

-

48,712

-

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

9,931

-

Loss (gain) in fair value change of contingent consideration - TRA liability

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

30,252

-

Operating Income (Loss)

-

-

-

-

-

-

-

-

-

-

-

-

18,460

-

Fair Value Adjustment of Warrants

-

-

-

-

-

-

-

-

-

-

-

-

-722

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

7,063

-

Gain (loss) on foreign currency transactions

-

-

-

-

-

-

-

-

-

-

-

-

-610

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

177

-

Total other expense

-

-

-

-

-

-

-

-

-

-

-

-

-6,774

-

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

11,686

-

Income Tax Expense (Benefit)

-

-

-

-

-

-

-

-

-

-

-

-

4,899

-

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

6,787

-

Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

303

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

7,090

-

(Predecessor)
Net sales

-

-

-

-

-

-

-

-

-

-

-

-

99,803

-

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

51,091

-

Distribution

-

-

-

-

-

-

-

-

-

-

-

-

4,369

-

Selling

-

-

-

-

-

-

-

-

-

-

-

-

4,293

-

Marketing

-

-

-

-

-

-

-

-

-

-

-

-

9,206

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

2,453

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

0

-