$ALTG
ALTA EQUIPMENT GROUP INC.

2022 Q4 Form 10-Q Financial Statement

#000095017022023911 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $428.6M $405.0M $295.0M
YoY Change 20.29% 37.29% 33.73%
Cost Of Revenue $317.8M $293.4M $213.9M
YoY Change 18.94% 37.17% 30.51%
Gross Profit $110.8M $111.6M $81.10M
YoY Change 24.35% 37.61% 43.03%
Gross Profit Margin 25.85% 27.56% 27.49%
Selling, General & Admin $96.40M $94.20M $72.90M
YoY Change 26.01% 29.22% 24.83%
% of Gross Profit 87.0% 84.41% 89.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.90M $29.60M $24.40M
YoY Change 16.17% 21.31% 16.19%
% of Gross Profit 27.89% 26.52% 30.09%
Operating Expenses $101.3M $97.90M $75.10M
YoY Change 25.53% 30.36% 24.75%
Operating Profit $9.500M $13.70M $6.000M
YoY Change 13.1% 128.33% -271.43%
Interest Expense -$10.40M $8.500M $6.000M
YoY Change 62.5% 41.67% -1.64%
% of Operating Profit -109.47% 62.04% 100.0%
Other Income/Expense, Net $700.0K -$8.300M $200.0K
YoY Change 75.0% -4250.0% -89.47%
Pretax Income -$200.0K $5.400M $200.0K
YoY Change -108.33% 2600.0% -112.5%
Income Tax $500.0K $300.0K $0.00
% Of Pretax Income 5.56% 0.0%
Net Earnings -$1.500M $5.100M $200.0K
YoY Change 114.29% 2450.0% -33.33%
Net Earnings / Revenue -0.35% 1.26% 0.07%
Basic Earnings Per Share $0.14 -$0.02
Diluted Earnings Per Share -$0.05 $0.14 -$0.02
COMMON SHARES
Basic Shares Outstanding 32.19M 31.98M 32.36M
Diluted Shares Outstanding 32.14M 32.36M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.700M $2.100M $1.200M
YoY Change 17.39% 75.0% 1100.0%
Cash & Equivalents $2.700M $2.100M $1.200M
Short-Term Investments
Other Short-Term Assets $28.10M $27.90M $21.60M
YoY Change 15.16% 29.17% 63.64%
Inventory $399.7M $338.5M $204.9M
Prepaid Expenses
Receivables $232.8M $213.4M $168.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $663.3M $581.9M $395.9M
YoY Change 47.86% 46.98% 10.83%
LONG-TERM ASSETS
Property, Plant & Equipment $377.8M $367.3M $338.3M
YoY Change 9.67% 8.57% 15.19%
Goodwill $69.20M $53.80M $25.20M
YoY Change 65.16% 113.49%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.000M $2.600M $1.800M
YoY Change 275.0% 44.44% -5.26%
Total Long-Term Assets $627.3M $560.7M $391.5M
YoY Change 17.47% 43.22% 14.27%
TOTAL ASSETS
Total Short-Term Assets $663.3M $581.9M $395.9M
Total Long-Term Assets $627.3M $560.7M $391.5M
Total Assets $1.291B $1.143B $787.4M
YoY Change 31.35% 45.11% 12.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $90.80M $86.10M $52.60M
YoY Change 23.54% 63.69% -16.24%
Accrued Expenses $55.10M $53.10M $41.20M
YoY Change 40.2% 28.88% 53.73%
Deferred Revenue
YoY Change
Short-Term Debt $256.8M $210.2M $194.9M
YoY Change 1.42% 7.85% -33.68%
Long-Term Debt Due $4.200M $3.600M $600.0K
YoY Change 61.54% 500.0% -92.31%
Total Short-Term Liabilities $471.2M $415.2M $324.5M
YoY Change 12.03% 27.95% -21.12%
LONG-TERM LIABILITIES
Long-Term Debt $311.2M $310.8M $309.9M
YoY Change 0.39% 0.29% 125.87%
Other Long-Term Liabilities $17.60M $1.900M $17.10M
YoY Change 388.89% -88.89% -18.18%
Total Long-Term Liabilities $328.8M $312.7M $327.0M
YoY Change 4.85% -4.37% 106.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $471.2M $415.2M $324.5M
Total Long-Term Liabilities $328.8M $312.7M $327.0M
Total Liabilities $1.151B $1.002B $651.5M
YoY Change 35.72% 53.78% 11.35%
SHAREHOLDERS EQUITY
Retained Earnings -$74.20M -$70.80M
YoY Change -3.39%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.900M $5.900M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $139.8M $140.7M $135.9M
YoY Change
Total Liabilities & Shareholders Equity $1.291B $1.143B $787.4M
YoY Change 31.35% 45.11% 12.52%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$1.500M $5.100M $200.0K
YoY Change 114.29% 2450.0% -33.33%
Depreciation, Depletion And Amortization $30.90M $29.60M $24.40M
YoY Change 16.17% 21.31% 16.19%
Cash From Operating Activities $7.700M $14.90M -$4.500M
YoY Change -71.05% -431.11% -147.87%
INVESTING ACTIVITIES
Capital Expenditures $29.90M -$10.60M -$11.80M
YoY Change -307.64% -10.17% -9.23%
Acquisitions
YoY Change
Other Investing Activities -$47.00M -$37.70M -$1.000M
YoY Change -19.8% 3670.0% -96.66%
Cash From Investing Activities -$76.90M -$48.30M -$12.80M
YoY Change 5.34% 277.34% -70.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.60M 35.10M 16.70M
YoY Change 46.53% 110.18% -38.6%
NET CHANGE
Cash From Operating Activities 7.700M 14.90M -4.500M
Cash From Investing Activities -76.90M -48.30M -12.80M
Cash From Financing Activities 69.60M 35.10M 16.70M
Net Change In Cash 400.0K 1.700M -600.0K
YoY Change -63.64% -383.33% -90.48%
FREE CASH FLOW
Cash From Operating Activities $7.700M $14.90M -$4.500M
Capital Expenditures $29.90M -$10.60M -$11.80M
Free Cash Flow -$22.20M $25.50M $7.300M
YoY Change -154.15% 249.32% -67.41%

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CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31981843
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32363376
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32091353
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31484906
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32138952
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32363376
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32290127
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31484906
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
5100000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
100000
us-gaap Net Income Loss
NetIncomeLoss
10000000.0
us-gaap Net Income Loss
NetIncomeLoss
-20300000
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1900000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1900000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3200000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
100000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8100000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20300000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
134700000
us-gaap Profit Loss
ProfitLoss
4900000
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1500000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1100000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
139200000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
5100000
CY2022Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
CY2022Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
700000
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.057
CY2022Q3 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
1800000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
140700000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
156900000
us-gaap Profit Loss
ProfitLoss
-20400000
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.890
CY2021Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1100000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
500000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
135900000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
100000
CY2021Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
CY2021Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
700000
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
400000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
135700000
us-gaap Profit Loss
ProfitLoss
10000000.0
us-gaap Profit Loss
ProfitLoss
-20300000
altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
81100000
altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
70200000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1300000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1300000
altg Imputed Interest
ImputedInterest
200000
altg Imputed Interest
ImputedInterest
200000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
200000
altg Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
22600000
altg Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
15900000
altg Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
2500000
altg Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
900000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4000000.0
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3400000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11900000
us-gaap Share Based Compensation
ShareBasedCompensation
1900000
us-gaap Share Based Compensation
ShareBasedCompensation
900000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
500000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24800000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
33000000.0
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
200800000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
114000000.0
altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
105100000
altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
97600000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4300000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8100000
altg Increase Decrease In Manufacturers Floor Plans Payable
IncreaseDecreaseInManufacturersFloorPlansPayable
-37800000
altg Increase Decrease In Manufacturers Floor Plans Payable
IncreaseDecreaseInManufacturersFloorPlansPayable
5900000
altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
30500000
altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
17200000
altg Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
-3400000
altg Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
-800000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18300000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6100000
altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
39900000
altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
30900000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6900000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7000000.0
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
700000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1400000
altg Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
-800000
altg Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
1500000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
40400000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3900000
altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
357900000
altg Proceeds From Floor Plan Payable With Unaffiliated Source
ProceedsFromFloorPlanPayableWithUnaffiliatedSource
98800000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-85700000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41900000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1500000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
153100000
altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
187300000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
242300000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
552700000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
405000000.0
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295000000.0
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1143200000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
856500000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16100000
altg Proceeds From Floor Plan Payable With Unaffiliated Source
ProceedsFromFloorPlanPayableWithUnaffiliatedSource
72800000
altg Payments On Floor Plan Payable With Unaffiliated Source
PaymentsOnFloorPlanPayableWithUnaffiliatedSource
81300000
altg Payments On Floor Plan Payable With Unaffiliated Source
PaymentsOnFloorPlanPayableWithUnaffiliatedSource
74400000
us-gaap Payments Of Dividends
PaymentsOfDividends
2200000
us-gaap Payments Of Dividends
PaymentsOfDividends
1800000
altg Common Stock Dividends Paid And Declared
CommonStockDividendsPaidAndDeclared
1800000
altg Payment Of Promissory Note
PaymentOfPromissoryNote
1000000.0
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1200000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67300000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35800000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-100000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-200000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0.0
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2300000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1200000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2100000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1200000
altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
101000000.0
altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
133200000
us-gaap Interest Paid Net
InterestPaidNet
15200000
us-gaap Interest Paid Net
InterestPaidNet
9400000
us-gaap Nature Of Operations
NatureOfOperations
<p id="note_1_organization_nature_operations" style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">NOTE 1 — ORGANIZATION A</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">ND NATURE OF OPERATIONS</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Nature of Operations</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Alta Equipment Group Inc. and its subsidiaries (“Alta” or the “Company”) is engaged in the sale, service, and rental of material handling and construction equipment in the states of Michigan, Illinois, Indiana, Ohio, New York (including New York City in our Material Handling segment), Virginia, Massachusetts (including Boston), Maine, New Hampshire, Connecticut, and Florida as well as the Canadian provinces of Quebec and Ontario.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Unless the context otherwise requires, the use of the terms “the Company”, “we,” “us,” and “our” in these notes to the unaudited condensed consolidated financial statements refers to Alta Equipment Group Inc. and its consolidated subsidiaries.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Basis of Presentation</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The accompanying unaudited interim condensed consolidated financial statements include the consolidated accounts of the Company and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All intercompany transactions and balances have been eliminated in the preparation of the condensed consolidated financial statements.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Reclassification and correction</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Subsequent to the issuance of the December 31, 2021 financial statements, the Company’s management re-evaluated the presentation of its line of credit and concluded that it is more appropriately reflected as a long-term liability in the Company’s Condensed Consolidated Balance Sheets. As a result, the "Line of credit, net" as of December 31, 2021 has been restated to reflect such presentation. The correction resulted in an increase to long-term liabilities of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">98.4</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million and a corresponding decrease in current liabilities of the same amount for the year ended December 31, 2021. The Company has concluded that this correction was not material to the previous periods.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Certain amounts in the prior year Condensed Consolidated Statement of Cash Flows have been reclassified to conform with the presentation in the current year. For the nine months ended September 30, 2021, the Company corrected the cash flow presentation of expenditures of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1.5</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million for guaranteed purchase obligations to present this activity as a cash outflow for investing activities, which was previously presented within operating activities. The presentation for the nine months ended September 30, 2021 has been revised to align with current period presentation. The Company has concluded the change is not material.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The unaudited interim condensed consolidated financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to fairly present the information set forth herein. Operating results for the nine months ended September 30, 2022 is not necessarily indicative of the results that may be expected for the year ending December 31, 2022, and therefore, the results and trends in these unaudited interim condensed consolidated financial statements may not be the same for the entire year. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> Annual Report on Form 10-K.</span></p>
CY2021 altg Increase Decrease In Long Term Liabilities
IncreaseDecreaseInLongTermLiabilities
98400000
CY2021 altg Increasedecreaseincurrentliabilities
Increasedecreaseincurrentliabilities
98400000
altg Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
1500000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.0829166666666667;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ.</span></p>
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13900000
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5500000
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5000000.0
CY2022Q3 altg Contract With Customer Assets
ContractWithCustomerAssets
4600000
CY2021Q4 altg Contract With Customer Assets
ContractWithCustomerAssets
6000000.0
CY2022Q3 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1300000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
11800000
CY2021Q3 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
700000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
6300000
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
44100000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11100000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
33000000.0
CY2021 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P8Y6M
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50500000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7100000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43400000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0
CY2022Q3 altg Inventory New Equipment Gross
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CY2021Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Acquired During Period
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us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
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CY2022Q3 us-gaap Goodwill
Goodwill
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us-gaap Debt Instrument Description
DebtInstrumentDescription
On April 1, 2021, the Company completed a private offering of Senior Secured Second Lien Notes (the “Notes”), for the purposes of, among other things, repayment and refinancing of a portion of the Company’s prior existing debt, reducing interest rate exposure and providing liquidity for financing of future growth initiatives.
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022Q3 us-gaap Line Of Credit
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CY2021Q4 us-gaap Line Of Credit
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CY2022Q3 altg Debt Instrument High Yield Notes
DebtInstrumentHighYieldNotes
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DebtInstrumentHighYieldNotes
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UnamortizedDebtIssuanceExpense
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DebtAndCapitalLeaseObligations
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CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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FinanceLeaseAssetsNetOfAccumulatedDepreciation
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CY2021Q4 altg Finance Lease Assets Net Of Accumulated Depreciation
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CY2022Q3 us-gaap Operating Lease Cost
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CY2021Q3 us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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ShortTermLeaseCost
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LowValueLeaseExpense
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CY2021Q3 altg Low Value Lease Expense
LowValueLeaseExpense
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altg Low Value Lease Expense
LowValueLeaseExpense
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LowValueLeaseExpense
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us-gaap Variable Lease Cost
VariableLeaseCost
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseInterestExpense
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CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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FinanceLeaseInterestExpense
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LeaseCost
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us-gaap Lease Cost
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OperatingLeasePayments
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altg Operating Cash Flows For Financing Leases
OperatingCashFlowsForFinancingLeases
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OperatingCashFlowsForFinancingLeases
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FinanceLeasePrincipalPayments
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FinanceLeasePrincipalPayments
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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P6Y10M24D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y9M18D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P4Y6M
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P5Y
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.066
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6200000
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1200000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24000000.0
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4500000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22500000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4400000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19200000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4100000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16100000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3300000
CY2022Q3 altg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
49200000
CY2022Q3 altg Finance Lease Liability Payments Due In Rolling After Year Four
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFour
2000000.0
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
137200000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
19500000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30000000.0
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
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2500000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
107200000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
3600000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2600000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17800000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16200000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
13400000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9000000.0
CY2022Q3 altg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
124200000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
89400000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88400000
CY2021Q4 altg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
116200000
CY2022Q3 altg Leases That Were Executed But Not Yet Commenced
LeasesThatWereExecutedButNotYetCommenced
0
CY2022Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1200000
CY2021Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1700000
CY2022Q3 altg Accrued Guarantees
AccruedGuarantees
0
CY2021Q4 altg Accrued Guarantees
AccruedGuarantees
0
CY2022Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
300000
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
700000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
400000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
100000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.074
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.023
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
42700000
CY2021 altg Percentage Of Future Taxable Income
PercentageOfFutureTaxableIncome
0.80
CY2022Q3 altg Deferred Employer Payroll Taxes Under Cares Act
DeferredEmployerPayrollTaxesUnderCARESAct
5000000.0
CY2021Q4 altg Deferred Employer Payroll Taxes Under Cares Act
DeferredEmployerPayrollTaxesUnderCARESAct
5000000.0
CY2020Q4 altg Depository Shares Liquidation Preference Value
DepositorySharesLiquidationPreferenceValue
2500
CY2020Q4 altg Depository Shares Liquidation Preference Per Share
DepositorySharesLiquidationPreferencePerShare
2.50
us-gaap Dividend Payment Restrictions Schedule Description
DividendPaymentRestrictionsScheduleDescription
Dividends are payable quarterly in arrears, on or about the last day of January, April, July and October; provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day, and no interest, additional dividends or other sums will accumulate. Dividends will accumulate and be cumulative from, and including December 22, 2020, the date of original issuance.
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.057
CY2022Q3 altg Common Stock Dividend On Annualized Basis
CommonStockDividendOnAnnualizedBasis
0.23
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
856500000
us-gaap Interest Expense
InterestExpense
17900000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
70200000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
405000000.0
CY2022Q3 us-gaap Interest Expense
InterestExpense
8500000
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29600000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5400000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1143200000
us-gaap Interest Expense
InterestExpense
21400000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81100000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10800000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295000000.0
CY2021Q3 us-gaap Interest Expense
InterestExpense
6100000
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24900000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19800000
CY2022Q3 us-gaap Assets
Assets
1142600000
CY2021Q4 us-gaap Assets
Assets
982600000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4400000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-600000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7800000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-22100000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31981843
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32363376
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32091353
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31484906
CY2022Q3 us-gaap Earnings Per Share Basic
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0.14
CY2021Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4400000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7800000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-22100000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31981843
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32363376
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32091353
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31484906
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
157109
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
198774
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32138952
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32363376
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32290127
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31484906
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
157000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
155000

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