$ALTG
ALTA EQUIPMENT GROUP INC.

2021 Q2 Form 10-Q Financial Statement

#000156459021043964 Filed on August 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $292.7M $192.1M $180.5M
YoY Change 52.37% 41.35% 76.44%
Cost Of Revenue $215.8M $145.8M $133.4M
YoY Change 48.01% 49.85% 78.34%
Gross Profit $76.90M $46.30M $47.10M
YoY Change 66.09% 19.95% 71.27%
Gross Profit Margin 26.27% 24.1% 26.09%
Selling, General & Admin $71.60M $43.70M $51.10M
YoY Change 63.84% 33.23%
% of Gross Profit 93.11% 94.38% 108.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.40M $16.70M $13.90M
YoY Change 40.12% 46.49% 52.75%
% of Gross Profit 30.43% 36.07% 29.51%
Operating Expenses $73.70M $45.40M $52.10M
YoY Change 62.33% 35.52% 101.16%
Operating Profit $3.200M $900.0K -$5.000M
YoY Change 255.56% -82.35% -412.5%
Interest Expense $5.900M $5.700M $5.900M
YoY Change 3.51% 14.0% 31.11%
% of Operating Profit 184.38% 633.33%
Other Income/Expense, Net -$17.80M -$5.400M -$13.10M
YoY Change 229.63% 14.89% 211.9%
Pretax Income -$14.60M -$4.500M -$18.10M
YoY Change 224.44% -1225.0% 596.15%
Income Tax $0.00 -$400.0K -$1.100M
% Of Pretax Income
Net Earnings -$14.60M -$4.100M -$17.00M
YoY Change 256.1% -1125.0% 553.85%
Net Earnings / Revenue -4.99% -2.13% -9.42%
Basic Earnings Per Share -$0.48 -$0.14
Diluted Earnings Per Share -$0.48 -$0.14 -$904.3K
COMMON SHARES
Basic Shares Outstanding 32.40M 29.04M
Diluted Shares Outstanding 32.55M 29.04M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.800M $6.400M $36.40M
YoY Change -71.88% 540.0%
Cash & Equivalents $1.800M $6.400M $36.40M
Short-Term Investments
Other Short-Term Assets $21.80M $10.00M $9.800M
YoY Change 118.0% 4900.0%
Inventory $224.9M $206.7M $209.0M
Prepaid Expenses
Receivables $154.9M $120.0M $123.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $403.4M $343.1M $379.0M
YoY Change 17.58% 28491.67%
LONG-TERM ASSETS
Property, Plant & Equipment $327.0M $280.3M $261.2M
YoY Change 16.66%
Goodwill $24.40M $30.30M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.300M $2.300M $1.500M
YoY Change -43.48% 275.0%
Total Long-Term Assets $379.7M $321.2M $295.9M
YoY Change 18.21% 122.13% 73875.0%
TOTAL ASSETS
Total Short-Term Assets $403.4M $343.1M $379.0M
Total Long-Term Assets $379.7M $321.2M $295.9M
Total Assets $783.1M $664.3M $674.9M
YoY Change 17.88% 355.62% 168625.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.50M $49.30M $45.20M
YoY Change 36.92% 49200.0% 14966.67%
Accrued Expenses $34.40M $21.50M $20.70M
YoY Change 60.0%
Deferred Revenue
YoY Change
Short-Term Debt $188.9M $274.3M $294.2M
YoY Change -31.13% 294100.0%
Long-Term Debt Due $0.00 $7.800M $7.800M
YoY Change -100.0%
Total Short-Term Liabilities $320.2M $375.4M $383.2M
YoY Change -14.7% 125033.33% 95700.0%
LONG-TERM LIABILITIES
Long-Term Debt $309.3M $138.9M $133.5M
YoY Change 122.68%
Other Long-Term Liabilities $9.300M $18.30M $16.40M
YoY Change -49.18%
Total Long-Term Liabilities $318.6M $157.2M $133.5M
YoY Change 102.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $320.2M $375.4M $383.2M
Total Long-Term Liabilities $318.6M $157.2M $133.5M
Total Liabilities $647.1M $550.1M $516.7M
YoY Change 17.63% 183266.67% 129075.0%
SHAREHOLDERS EQUITY
Retained Earnings -$74.80M -$47.10M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.900M $2.900M
YoY Change
Treasury Stock Shares
Shareholders Equity $136.0M $114.2M $128.8M
YoY Change
Total Liabilities & Shareholders Equity $783.1M $664.3M $674.9M
YoY Change 17.88% 355.62% 168625.0%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income -$14.60M -$4.100M -$17.00M
YoY Change 256.1% -1125.0% 553.85%
Depreciation, Depletion And Amortization $23.40M $16.70M $13.90M
YoY Change 40.12% 46.49% 52.75%
Cash From Operating Activities $8.900M $3.000M -$57.10M
YoY Change 196.67% -1678.95% -1779.41%
INVESTING ACTIVITIES
Capital Expenditures -$18.40M $1.200M $1.200M
YoY Change -1633.33% 140.0%
Acquisitions $3.000M $91.70M
YoY Change
Other Investing Activities -$300.0K -$6.300M -$91.60M
YoY Change -95.24% -95.62%
Cash From Investing Activities -$18.70M -$5.100M -$118.3M
YoY Change 266.67% -96.45% 1614.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.900M
YoY Change
Debt Paid & Issued, Net $800.0K
YoY Change -60.0%
Cash From Financing Activities 11.00M -27.90M 211.8M
YoY Change -139.43% -119.25% 8046.15%
NET CHANGE
Cash From Operating Activities 8.900M 3.000M -57.10M
Cash From Investing Activities -18.70M -5.100M -118.3M
Cash From Financing Activities 11.00M -27.90M 211.8M
Net Change In Cash 1.200M -30.00M 36.40M
YoY Change -104.0% -3161.22% -4144.44%
FREE CASH FLOW
Cash From Operating Activities $8.900M $3.000M -$57.10M
Capital Expenditures -$18.40M $1.200M $1.200M
Free Cash Flow $27.30M $1.800M -$58.30M
YoY Change 1416.67% -2110.34%

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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Nature Of Operations
NatureOfOperations
<p id="NOTE_1_ORGANIZATION_NATURE_OPERATIONS" style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOTE 1 — ORGANIZATION AND NATURE OF OPERATIONS</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Alta Equipment Group Inc. and its subsidiaries (“Alta” or the “Company”) is engaged in the retail sale, service, and rental of material handling and construction equipment in the states of Michigan, Illinois, Indiana, New York (including New York City in our Material Handling segment), Virginia and Florida as well as the New England region (including Boston) of the United States.</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Alta Equipment Holdings, Inc. is the holding company for Alta Enterprises, LLC. Alta Enterprises, LLC is the holding company for Alta Industrial Equipment Michigan; LLC; Alta Industrial Equipment Company, LLC; Alta Industrial Equipment New York, LLC; PeakLogix, LLC; Alta Construction Equipment, LLC; Alta Construction Equipment Illinois, LLC; Alta Heavy Equipment Services, LLC; NITCO, LLC; Alta Construction Equipment Florida, LLC, and Alta Construction Equipment New York, LLC.</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Unless the context otherwise requires, the use of the terms “the Company”, “we,” “us,” and “our” in these notes to the unaudited consolidated financial statements refers to Alta Equipment Group Inc. and its consolidated subsidiaries.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of 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 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. Additionally, the COVID-19 outbreak has had an impact on our approach to these estimates and assumptions and any increased severity of the pandemic on our business could result in a reassessment of these estimates and assumptions which, in turn, could affect the reported amounts on our financial statements. Please see section titled Risk Factors in our 2020 Annual Report on Form 10-K for a discussion of risks associated with the COVID-19 pandemic.</p>
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
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LeaseLiability
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CY2020Q4 altg Lease Liability
LeaseLiability
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CY2021Q2 altg Liability Guarantee To Repurchase Equipment At Residual Amount
LiabilityGuaranteeToRepurchaseEquipmentAtResidualAmount
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CY2020Q4 altg Liability Guarantee To Repurchase Equipment At Residual Amount
LiabilityGuaranteeToRepurchaseEquipmentAtResidualAmount
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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InventoryNewEquipmentGross
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InventoryUsedEquipmentGross
33400000
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InventoryUsedEquipmentGross
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CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
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InventoryWorkInProcess
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CY2021Q2 altg Inventory Parts Gross
InventoryPartsGross
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InventoryPartsGross
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InventoryGross
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CY2020Q4 us-gaap Inventory Gross
InventoryGross
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InventoryValuationReserves
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InventoryValuationReserves
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CY2021Q2 us-gaap Inventory Net
InventoryNet
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CY2020Q4 us-gaap Inventory Net
InventoryNet
229000000.0
CY2021Q2 altg Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
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CapitalizedDirectLaborExpenseIncludedInWorkInProcess
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RentalDepreciationExpense
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altg Rental Depreciation Expense
RentalDepreciationExpense
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CY2020Q2 altg Rental Depreciation Expense
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CY2021Q2 us-gaap Property Plant And Equipment Gross
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PropertyPlantAndEquipmentGross
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CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
327000000.0
CY2017Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
33333.33
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
311900000
CY2021Q2 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
3800000
CY2020Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
4000000.0
CY2021Q2 altg Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
2600000
CY2020Q4 altg Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
2500000
CY2021Q2 altg Gpo Assets
GPOAssets
11300000
CY2020Q4 altg Gpo Assets
GPOAssets
13000000.0
CY2020Q4 us-gaap Goodwill
Goodwill
24300000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1400000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1300000
CY2021Q2 us-gaap Goodwill
Goodwill
24400000
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
32300000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5300000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27000000.0
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30000000.0
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3700000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26300000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
us-gaap Debt Instrument Description
DebtInstrumentDescription
On April 1, 2021, the Company completed a private offering of our 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
GainsLossesOnExtinguishmentOfDebt
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CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7600000
CY2021Q2 altg Debt Instrument High Yield Notes
DebtInstrumentHighYieldNotes
315000000.0
CY2021Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1200000
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1800000
CY2021Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4500000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4600000
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
309300000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
142800000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7800000
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
309300000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
135000000.0
CY2021Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1300000
CY2020Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
2400000
CY2021Q2 altg Accrued Guarantees
AccruedGuarantees
0
CY2020Q4 altg Accrued Guarantees
AccruedGuarantees
0
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1400000
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1400000
CY2020Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-400000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
400000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1200000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
100000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-300000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1500000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0.0
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1500000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.022
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
4700000
CY2020 altg Percentage Of Future Taxable Income
PercentageOfFutureTaxableIncome
0.80
CY2021Q2 altg Deferred Employer Payroll Taxes Under Cares Act
DeferredEmployerPayrollTaxesUnderCARESAct
5600000
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, beginning on or about April 30, 2021; 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.
CY2021Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.89
CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
8668746
CY2020Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2017Q4 altg Purchase Of Outstanding Warrants Upon Repayment Of Senior Indebtedness Percentage
PurchaseOfOutstandingWarrantsUponRepaymentOfSeniorIndebtednessPercentage
0.75
CY2017Q4 altg Warrants Expiration Date
WarrantsExpirationDate
2027-12-27
CY2020Q4 altg Warrant Liability Noncurrent
WarrantLiabilityNoncurrent
0
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
500000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29039177
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31204239
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23903579
CY2020Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3000000.0
CY2020Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2100000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
372600000
us-gaap Net Income Loss
NetIncomeLoss
-21100000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11900000
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7600000
CY2020Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
7600000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
561500000
us-gaap Interest Expense
InterestExpense
11600000
us-gaap Depreciation Depletion And Amortization
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44800000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21400000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
292700000
CY2021Q2 us-gaap Interest Expense
InterestExpense
5900000
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23400000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Interest Expense
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us-gaap Depreciation Depletion And Amortization
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q2 us-gaap Interest Expense
InterestExpense
5700000
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16700000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4100000
CY2021Q2 us-gaap Assets
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783100000
CY2020Q4 us-gaap Assets
Assets
746200000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15700000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21400000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32403151
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29039177
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31204239
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23903579
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.68
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.88
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-15700000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4100000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21400000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21100000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32403151
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
150375
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
140278
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32553526
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29039177
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31344518
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23903579
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.68
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.88

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