Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Sales, net $ 278,166 $ 422,489 $ 193,365
Cost of sales (exclusive of depreciation and amortization shown below) 207,903 304,248 142,317
Gross profit 70,263 118,241 51,048
Operating expenses:      
Store operations and other operational expenses 54,680 49,742 18,724
Selling, general, and administrative 36,758 39,469 20,871
Bad debt expense 1,737 1,428 580
Depreciation and amortization 17,132 12,600 2,436
Impairment loss 127,831 0 0
Total operating expenses 238,138 103,239 42,611
Income (Loss) from operations (167,875) 15,002 8,437
Other income (expense):      
Miscellaneous income (expense) 684 (216) 112
Interest income 580 486 44
Interest expense (21) (43) (14)
Total non-operating income (expense), net 1,243 227 142
Net income (loss) before taxes (166,632) 15,229 8,579
Benefit (provision) for income taxes 2,885 (2,443) (3,251)
Net income (loss) $ (163,747) $ 12,786 $ 5,328
Net income (loss) per share, basic (in dollars per share) $ (2.69) $ 0.22 $ 0.12
Net income (loss) per share, diluted (in dollars per share) $ (2.69) $ 0.21 $ 0.11
Weighted average shares outstanding, basic (in shares) 60,813,000 59,223,000 43,945,000
Weighted average shares outstanding, diluted (in shares) 60,813,000 60,464,000 46,456,000