|
|
||||||||||||
|
Three Months Ended |
Nine Months Ended |
|||||||||||
|
September 30, |
September 30, |
|||||||||||
|
2017 |
2016 |
2017 |
2016 |
|||||||||
|
Net (loss) income attributable to ARC Document Solutions, Inc. |
$ |
(14,774) |
$ |
2,841 |
$ |
(9,354) |
$ |
(50,489) |
||||
|
Interest expense, net |
1,530 |
1,563 |
4,679 |
4,535 |
||||||||
|
Income tax (benefit) provision |
(2,174) |
2,162 |
1,574 |
(5,884) |
||||||||
|
Depreciation and amortization |
8,430 |
7,857 |
25,037 |
23,737 |
||||||||
|
EBITDA |
(6,988) |
14,423 |
21,936 |
(28,101) |
||||||||
|
Loss on extinguishment and modification of debt |
124 |
66 |
230 |
156 |
||||||||
|
Goodwill impairment |
17,637 |
— |
17,637 |
73,920 |
||||||||
|
Restructuring expense |
— |
— |
— |
7 |
||||||||
|
Stock-based compensation |
699 |
650 |
2,251 |
2,073 |
||||||||
|
Adjusted EBITDA |
$ |
11,472 |
$ |
15,139 |
$ |
42,054 |
$ |
48,055 |
||||
|
See Non-GAAP Financial Measures discussion below. |
||||||||||||
|
ARC Document Solutions, Inc.
|
||||||||||||
|
Three Months Ended |
Nine Months Ended |
|||||||||||
|
September 30, |
September 30, |
|||||||||||
|
2017 |
2016 |
2017 |
2016 |
|||||||||
|
Net (loss) income attributable to ARC Document Solutions, Inc. |
$ |
(14,774) |
$ |
2,841 |
$ |
(9,354) |
$ |
(50,489) |
||||
|
Loss on extinguishment and modification of debt |
124 |
66 |
230 |
156 |
||||||||
|
Goodwill impairment |
17,637 |
— |
17,637 |
73,920 |
||||||||
|
Restructuring expense |
— |
— |
— |
7 |
||||||||
|
Income tax benefit related to above items |
(3,144) |
(26) |
(3,186) |
(13,395) |
||||||||
|
Deferred tax valuation allowance and other discrete tax items |
515 |
138 |
594 |
341 |
||||||||
|
Unaudited adjusted net income attributable to ARC Document Solutions, Inc. |
$ |
358 |
$ |
3,019 |
$ |
5,921 |
$ |
10,540 |
||||
|
Actual: |
||||||||||||
|
(Loss) earnings per share attributable to ARC Document Solutions, Inc. shareholders: |
||||||||||||
|
Basic |
$ |
(0.32) |
$ |
0.06 |
$ |
(0.20) |
$ |
(1.10) |
||||
|
Diluted |
$ |
(0.32) |
$ |
0.06 |
$ |
(0.20) |
$ |
(1.10) |
||||
|
Weighted average common shares outstanding: |
||||||||||||
|
Basic |
45,834 |
45,599 |
45,756 |
46,055 |
||||||||
|
Diluted |
45,834 |
46,189 |
45,756 |
46,055 |
||||||||
|
Adjusted: |
||||||||||||
|
Earnings per share attributable to ARC Document Solutions, Inc. shareholders: |
||||||||||||
|
Basic |
$ |
0.01 |
$ |
0.07 |
$ |
0.13 |
$ |
0.23 |
||||
|
Diluted |
$ |
0.01 |
$ |
0.07 |
$ |
0.13 |
$ |
0.23 |
||||
|
Weighted average common shares outstanding: |
||||||||||||
|
Basic |
45,834 |
45,599 |
45,756 |
46,055 |
||||||||
|
Diluted |
46,342 |
46,189 |
46,335 |
46,655 |
||||||||
|
See Non-GAAP Financial Measures discussion below. |
||||||||||||
