2021 Form 10-K Financial Statement
#000156459022012996 Filed on March 31, 2022
Income Statement
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
Revenue | $1.213B | $280.4M | $873.6M |
YoY Change | 38.83% | 56.73% | |
Cost Of Revenue | $898.4M | $216.0M | $659.1M |
YoY Change | 36.31% | 62.62% | |
Gross Profit | $314.4M | $64.40M | $214.5M |
YoY Change | 46.57% | 41.03% | |
Gross Profit Margin | 25.92% | 22.97% | 24.55% |
Selling, General & Admin | $285.9M | $62.80M | $216.0M |
YoY Change | 32.36% | ||
% of Gross Profit | 90.94% | 97.52% | 100.7% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $95.80M | $23.40M | $75.00M |
YoY Change | 27.73% | 49.7% | |
% of Gross Profit | 30.47% | 36.34% | 34.97% |
Operating Expenses | $296.4M | $64.90M | $222.6M |
YoY Change | 33.15% | 3956.25% | 58.55% |
Operating Profit | $18.00M | -$500.0K | -$8.100M |
YoY Change | -322.22% | -169.23% | |
Interest Expense | $24.00M | -$6.100M | $23.80M |
YoY Change | 0.84% | -1116.67% | 16.1% |
% of Operating Profit | 133.33% | ||
Other Income/Expense, Net | -$35.20M | $200.0K | -$22.50M |
YoY Change | 56.44% | -52.23% | |
Pretax Income | -$17.20M | -$6.400M | -$30.60M |
YoY Change | -43.79% | 540.0% | -13.56% |
Income Tax | $3.600M | -$3.200M | -$6.600M |
% Of Pretax Income | |||
Net Earnings | -$20.80M | -$3.200M | -$24.00M |
YoY Change | -13.33% | 220.0% | -32.2% |
Net Earnings / Revenue | -1.72% | -1.14% | -2.75% |
Basic Earnings Per Share | -$0.74 | -$0.90 | |
Diluted Earnings Per Share | -$0.74 | -$108.8K | -$0.90 |
COMMON SHARES | |||
Basic Shares Outstanding | 31.71M | 26.61M | |
Diluted Shares Outstanding | 31.71M | 26.61M |
Balance Sheet
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.300M | $1.200M | $1.200M |
YoY Change | 91.67% | 71.43% | 71.43% |
Cash & Equivalents | $1.200M | ||
Short-Term Investments | |||
Other Short-Term Assets | $24.40M | ||
YoY Change | |||
Inventory | $239.2M | $229.0M | $229.0M |
Prepaid Expenses | |||
Receivables | $182.7M | $151.4M | $151.4M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $448.6M | $381.6M | $381.6M |
YoY Change | 17.56% | 56.33% | 47600.0% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $447.1M | $311.9M | $311.9M |
YoY Change | 43.35% | 58.73% | |
Goodwill | $24.30M | ||
YoY Change | 182.56% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.600M | $2.100M | $2.100M |
YoY Change | -23.81% | 5.0% | |
Total Long-Term Assets | $534.0M | $364.6M | $364.6M |
YoY Change | 46.46% | 73.54% | 149.73% |
TOTAL ASSETS | |||
Total Short-Term Assets | $448.6M | $381.6M | $381.6M |
Total Long-Term Assets | $534.0M | $364.6M | $364.6M |
Total Assets | $982.6M | $746.2M | $746.2M |
YoY Change | 31.68% | 64.29% | 408.31% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $73.50M | $58.90M | $58.90M |
YoY Change | 24.79% | 89.39% | 3581.25% |
Accrued Expenses | $55.50M | $30.10M | $30.10M |
YoY Change | 84.39% | 88.13% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $253.2M | $315.1M | $315.1M |
YoY Change | -19.64% | ||
Long-Term Debt Due | $2.600M | $8.700M | $7.800M |
YoY Change | -66.67% | 22.54% | |
Total Short-Term Liabilities | $420.6M | $434.3M | $434.3M |
YoY Change | -3.15% | 26.47% | 21615.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $319.0M | $135.0M | $135.6M |
YoY Change | 135.25% | 56.07% | |
Other Long-Term Liabilities | $101.4M | $6.900M | $19.40M |
YoY Change | 422.68% | 122.58% | |
Total Long-Term Liabilities | $420.4M | $141.9M | $155.0M |
YoY Change | 171.23% | 58.37% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $420.6M | $434.3M | $434.3M |
Total Long-Term Liabilities | $420.4M | $141.9M | $155.0M |
Total Liabilities | $847.9M | $589.3M | $589.3M |
YoY Change | 43.88% | 23.44% | 29365.0% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$53.40M | ||
YoY Change | 130.17% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $5.900M | ||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $134.7M | $156.9M | $156.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $982.6M | $746.2M | $746.2M |
YoY Change | 31.68% | 64.29% | 408.31% |
Cashflow Statement
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$20.80M | -$3.200M | -$24.00M |
YoY Change | -13.33% | 220.0% | -32.2% |
Depreciation, Depletion And Amortization | $95.80M | $23.40M | $75.00M |
YoY Change | 27.73% | 49.7% | |
Cash From Operating Activities | $30.70M | $6.300M | -$35.00M |
YoY Change | -187.71% | -2009.09% | 536.36% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $8.100M | -$7.400M | $4.400M |
YoY Change | 84.09% | 62.96% | |
Acquisitions | $63.40M | $180.0M | |
YoY Change | -64.78% | 174.39% | |
Other Investing Activities | -$61.10M | -$50.80M | -$178.6M |
YoY Change | -65.79% | 24.24% | |
Cash From Investing Activities | -$113.4M | -$58.20M | -$227.9M |
YoY Change | -50.24% | 159.57% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $2.600M | ||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $1.900M | ||
YoY Change | |||
Debt Paid & Issued, Net | $1.900M | $6.800M | |
YoY Change | -72.06% | ||
Cash From Financing Activities | 83.80M | 53.00M | 264.1M |
YoY Change | -68.27% | 187.69% | |
NET CHANGE | |||
Cash From Operating Activities | 30.70M | 6.300M | -35.00M |
Cash From Investing Activities | -113.4M | -58.20M | -227.9M |
Cash From Financing Activities | 83.80M | 53.00M | 264.1M |
Net Change In Cash | -82.70M | 1.100M | 1.200M |
YoY Change | -6991.67% | -433.33% | -180.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $30.70M | $6.300M | -$35.00M |
Capital Expenditures | $8.100M | -$7.400M | $4.400M |
Free Cash Flow | $22.60M | $13.70M | -$39.40M |
YoY Change | -157.36% | 380.49% |
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|
26612982 | |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
31706329 | |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26612982 | |
CY2020 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
6200000 | |
CY2020 | altg |
Equity Infusion From Reverse Recapitalization Net Of Transaction Costs
EquityInfusionFromReverseRecapitalizationNetOfTransactionCosts
|
175700000 | |
CY2020 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
3100000 | |
CY2020 | altg |
Adjustment To Additional Paid In Capital Of Disgorgement On Short Swing Profit
AdjustmentToAdditionalPaidInCapitalOfDisgorgementOnShortSwingProfit
|
-1600000 | |
CY2020 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3600000 | |
CY2020 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
5900000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
156900000 | |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-20800000 | |
CY2021 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
2600000 | |
CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1200000 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
134700000 | |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-20800000 | |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-24000000.0 | |
CY2021 | altg |
Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
|
95800000 | |
CY2020 | altg |
Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
|
75000000.0 | |
CY2021 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2000000.0 | |
CY2020 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1800000 | |
CY2021 | altg |
Imputed Interest
ImputedInterest
|
200000 | |
CY2020 | altg |
Imputed Interest
ImputedInterest
|
100000 | |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
100000 | |
CY2021 | altg |
Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
|
21600000 | |
CY2020 | altg |
Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
|
10900000 | |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
900000 | |
CY2020 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
1000000.0 | |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
4200000 | |
CY2020 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
4300000 | |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-11900000 | |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-7600000 | |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1200000 | |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6700000 | |
CY2020 | altg |
Repayment Accrual Of Paid In Kind Interest
RepaymentAccrualOfPaidInKindInterest
|
-11200000 | |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3600000 | |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-6600000 | |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
10700000 | |
CY2020 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
5300000 | |
CY2021 | altg |
Proceeds From Floor Plans With Manufacturers
ProceedsFromFloorPlansWithManufacturers
|
381400000 | |
CY2020 | altg |
Proceeds From Floor Plans With Manufacturers
ProceedsFromFloorPlansWithManufacturers
|
338100000 | |
CY2021 | altg |
Payments Under Floor Plans With Manufacturers
PaymentsUnderFloorPlansWithManufacturers
|
396000000.0 | |
CY2020 | altg |
Payments Under Floor Plans With Manufacturers
PaymentsUnderFloorPlansWithManufacturers
|
376100000 | |
CY2021 | altg |
Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
|
30200000 | |
CY2020 | altg |
Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
|
15800000 | |
CY2021 | altg |
Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
|
-1200000 | |
CY2020 | altg |
Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
|
300000 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
30700000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-35000000.0 | |
CY2021 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
2300000 | |
CY2020 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
1400000 | |
CY2021 | altg |
Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
|
42300000 | |
CY2020 | altg |
Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
|
41500000 | |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8100000 | |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4400000 | |
CY2021 | altg |
Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
|
1900000 | |
CY2020 | altg |
Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
|
3400000 | |
CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
63400000 | |
CY2020 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
180000000.0 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-113400000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-227900000 | |
CY2021 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1700000 | |
CY2020 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2700000 | |
CY2020 | altg |
Extinguishment Of Floor Plans And Line Of Credit
ExtinguishmentOfFloorPlansAndLineOfCredit
|
132900000 | |
CY2021 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
153100000 | |
CY2020 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
82000000.0 | |
CY2020 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
6700000 | |
CY2020 | altg |
Extinguishment Of Warrant Liability
ExtinguishmentOfWarrantLiability
|
29600000 | |
CY2021 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
323000000.0 | |
CY2020 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
428700000 | |
CY2021 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
382400000 | |
CY2020 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
262600000 | |
CY2021 | altg |
Proceeds From Floor Plans With Unaffiliated Source
ProceedsFromFloorPlansWithUnaffiliatedSource
|
105300000 | |
CY2020 | altg |
Proceeds From Floor Plans With Unaffiliated Source
ProceedsFromFloorPlansWithUnaffiliatedSource
|
87700000 | |
CY2021 | altg |
Payments Under Floor Plans With Unaffiliated Source
PaymentsUnderFloorPlansWithUnaffiliatedSource
|
110100000 | |
CY2020 | altg |
Payments Under Floor Plans With Unaffiliated Source
PaymentsUnderFloorPlansWithUnaffiliatedSource
|
80900000 | |
CY2020 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
149400000 | |
CY2021 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
310200000 | |
CY2021 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2600000 | |
CY2021 | altg |
Payment Of Promissory Note
PaymentOfPromissoryNote
|
1000000.0 | |
CY2021 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1900000 | |
CY2020 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
6800000 | |
CY2021 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1900000 | |
CY2020 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1100000 | |
CY2020 | altg |
Equity Proceeds From Reverse Recapitalization
EquityProceedsFromReverseRecapitalization
|
-175700000 | |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4000000.0 | |
CY2020 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
28200000 | |
CY2020 | altg |
Proceeds From Disgorgement Of Short Swing Profits
ProceedsFromDisgorgementOfShortSwingProfits
|
1600000 | |
CY2020 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5900000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
264100000 | |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1200000 | |
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 | |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
20200000 | |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
29300000 | |
CY2021 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;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-family:Times New Roman;font-size:10pt;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, Ohio, 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-family:Times New Roman;font-size:10pt;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 Material Handling New York State, LLC; Alta Construction Equipment, LLC; Alta Construction Equipment Illinois, LLC; Alta Heavy Equipment Services, LLC; NITCO, LLC; Alta Construction Equipment Florida, LLC; Alta Construction Equipment Ohio, LLC; Alta Construction Equipment New England, LLC; Alta Mine Services, LLC; and Alta Construction Equipment New York, LLC.</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Alta Construction Equipment, LLC is the holding company for Alta Kubota Michigan, LLC which is the holding company of Ginop Sales, Inc.</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;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> | |
CY2020Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-7600000 | |
CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-top:18pt;margin-bottom:0pt;margin-left:2.31%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates<br/></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:3%;font-family:Times New Roman;font-size:10pt;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.</p> | |
CY2021 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-top:18pt;margin-bottom:0pt;margin-left:2.31%;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of trade accounts receivable. The Company records trade accounts receivables at sales value and establishes specific reserves for certain customer accounts identified as known collection problems due to insolvency, disputes or other collection issues. The amounts of the specific reserves estimated by management are based on the following assumptions and variables: the customer’s financial position, age of the customer’s receivables and changes in payment schedules. In addition to the specific reserves, management establishes a non-specific allowance for doubtful accounts by applying specific percentages to the different receivable aging categories (excluding the specifically reserved accounts). The percentage applied against the aging categories increases as the accounts become further past due. The allowance for doubtful accounts is charged with the write-off of uncollectible customer accounts.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Credit risk can be negatively impacted by adverse changes in the economy or by disruptions in the credit markets. However, the Company believes that credit risk with respect to trade accounts receivable is somewhat mitigated by the Company’s credit evaluation procedures. Although generally no collateral is required, when feasible, mechanics’ liens are filed, and personal guarantees are signed to protect the Company’s interests.</p> | |
CY2021 | altg |
Number Of Vendors
NumberOfVendors
|
2 | |
CY2021 | altg |
Percentage Of Purchases Of New Equipment And Parts Inventory And Rental Fleet From Vendors
PercentageOfPurchasesOfNewEquipmentAndPartsInventoryAndRentalFleetFromVendors
|
0.35 | |
CY2020 | altg |
Percentage Of Purchases Of New Equipment And Parts Inventory And Rental Fleet From Vendors
PercentageOfPurchasesOfNewEquipmentAndPartsInventoryAndRentalFleetFromVendors
|
0.40 | |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
10700000 | |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
7100000 | |
CY2021Q4 | us-gaap |
Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
|
100000 | |
CY2020Q4 | us-gaap |
Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
|
400000 | |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3500000 | |
CY2020Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2900000 | |
CY2021 | us-gaap |
Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
|
straight-line basis | |
CY2021 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
CY2020 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | ||
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | ||
CY2021Q4 | altg |
Debt Discount And Deferred Financing Costs
DebtDiscountAndDeferredFinancingCosts
|
9300000 | |
CY2020Q4 | altg |
Debt Discount And Deferred Financing Costs
DebtDiscountAndDeferredFinancingCosts
|
9800000 | |
CY2021Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
1900000 | |
CY2020Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
1800000 | |
CY2021 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
5500000 | |
CY2020 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
3500000 | |
CY2021 | altg |
Offering Costs Offset From Proceeds Of Reverse Capitalization
OfferingCostsOffsetFromProceedsOfReverseCapitalization
|
2600000 | |
CY2020Q4 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.10 | |
CY2021 | altg |
Offering Costs Offset Of Proceeds From Depositary Shares
OfferingCostsOffsetOfProceedsFromDepositaryShares
|
1800000 | |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1212800000 | |
CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
873600000 | |
CY2019 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | |
CY2021Q4 | altg |
Partnership Owned Percentage In Operating Entity
PartnershipOwnedPercentageInOperatingEntity
|
1 | |
CY2021 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
18800000 | |
CY2020 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
16400000 | |
CY2021Q4 | altg |
Contract With Customer Assets
ContractWithCustomerAssets
|
6000000.0 | |
CY2020Q4 | altg |
Contract With Customer Assets
ContractWithCustomerAssets
|
100000 | |
CY2021 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
8500000 | |
CY2021Q4 | altg |
Inventory New Equipment Gross
InventoryNewEquipmentGross
|
146000000.0 | |
CY2020Q4 | altg |
Inventory New Equipment Gross
InventoryNewEquipmentGross
|
153500000 | |
CY2021Q4 | altg |
Inventory Used Equipment Gross
InventoryUsedEquipmentGross
|
34300000 | |
CY2020Q4 | altg |
Inventory Used Equipment Gross
InventoryUsedEquipmentGross
|
31400000 | |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
6700000 | |
CY2020Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
5400000 | |
CY2021Q4 | altg |
Inventory Parts Gross
InventoryPartsGross
|
55700000 | |
CY2020Q4 | altg |
Inventory Parts Gross
InventoryPartsGross
|
41600000 | |
CY2021Q4 | us-gaap |
Inventory Gross
InventoryGross
|
242700000 | |
CY2020Q4 | us-gaap |
Inventory Gross
InventoryGross
|
231900000 | |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3500000 | |
CY2020Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2900000 | |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
239200000 | |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
229000000.0 | |
CY2021Q4 | altg |
Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
|
1600000 | |
CY2020Q4 | altg |
Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
|
1700000 | |
CY2021 | altg |
Rental Depreciation Expense
RentalDepreciationExpense
|
5800000 | |
CY2020 | altg |
Rental Depreciation Expense
RentalDepreciationExpense
|
3000000.0 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
517600000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
452300000 | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
173100000 | |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
140400000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
344500000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
311900000 | |
CY2021Q4 | altg |
Finance Lease Assets Gross
FinanceLeaseAssetsGross
|
15100000 | |
CY2020Q4 | altg |
Finance Lease Assets Gross
FinanceLeaseAssetsGross
|
4000000.0 | |
CY2021Q4 | altg |
Finance Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
|
3800000 | |
CY2020Q4 | altg |
Finance Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
|
2500000 | |
CY2021Q4 | altg |
Gpo Assets
GPOAssets
|
9700000 | |
CY2020Q4 | altg |
Gpo Assets
GPOAssets
|
13000000.0 | |
CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
8600000 | |
CY2020 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
15700000 | |
CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
24300000 | |
CY2021 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
19000000.0 | |
CY2021 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
1400000 | |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
41900000 | |
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 | |
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 | |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3300000 | |
CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2300000 | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
5700000 | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
5400000 | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
5300000 | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
5000000.0 | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
4900000 | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
17100000 | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
43400000 | |
CY2021 | 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
|
-11900000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
11600000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
1500000 | |
CY2021Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
321600000 | |
CY2021 | 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 | |
CY2021Q3 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.625 | |
CY2021Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.625 | |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
8668746 | |
CY2021Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
315000000.0 | |
CY2021Q4 | altg |
Debt Instrument High Yield Notes
DebtInstrumentHighYieldNotes
|
315000000.0 | |
CY2021Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1000000.0 | |
CY2020Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1800000 | |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
4000000.0 | |
CY2020Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
4600000 | |
CY2020Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
144300000 | |
CY2021Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
2600000 | |
CY2020Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
8700000 | |
CY2021Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
319000000.0 | |
CY2020Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
135600000 | |
CY2021Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
315000000.0 | |
CY2020Q4 | altg |
Depository Shares Liquidation Preference Value
DepositorySharesLiquidationPreferenceValue
|
2500 | |
CY2020Q4 | altg |
Depository Shares Liquidation Preference Per Share
DepositorySharesLiquidationPreferencePerShare
|
2.50 | |
CY2020Q4 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2017Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
33333.33 | |
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 | |
CY2021Q4 | altg |
Finance Lease Assets Net Of Accumulated Depreciation
FinanceLeaseAssetsNetOfAccumulatedDepreciation
|
11300000 | |
CY2020Q4 | altg |
Finance Lease Assets Net Of Accumulated Depreciation
FinanceLeaseAssetsNetOfAccumulatedDepreciation
|
1500000 | |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
23300000 | |
CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
4300000 | |
CY2021 | altg |
Low Value Lease Expense
LowValueLeaseExpense
|
600000 | |
CY2021 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1500000 | |
CY2021 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
2000000.0 | |
CY2021 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
400000 | |
CY2021 | us-gaap |
Sublease Income
SubleaseIncome
|
100000 | |
CY2021 | us-gaap |
Lease Cost
LeaseCost
|
32000000.0 | |
CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
19300000 | |
CY2020 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
900000 | |
CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
22300000 | |
CY2021 | altg |
Operating Cash Flows For Financing Leases
OperatingCashFlowsForFinancingLeases
|
400000 | |
CY2021 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1900000 | |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
15500000 | |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
12600000 | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.063 | |
CY2021Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.056 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
22000000.0 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
3100000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
21100000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
2700000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
19900000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
2500000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
16900000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
2400000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
13800000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
1700000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
37400000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
700000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
131100000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
13100000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
26500000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
1500000 | |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
104600000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
11600000 | |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2600000 | |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
16200000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
9000000.0 | |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
88400000 | |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
104600000 | |
CY2021Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
11600000 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
LessorOperatingLeaseLeaseNotYetCommencedAssumptionAndJudgmentValueOfUnderlyingAssetAmount
|
0 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
2400000 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
1600000 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
1300000 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
200000 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
200000 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
100000 | |
CY2021Q4 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
5800000 | |
CY2021Q4 | us-gaap |
Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
|
2700000 | |
CY2021Q4 | us-gaap |
Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
|
2400000 | |
CY2021Q4 | us-gaap |
Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
|
2000000.0 | |
CY2021Q4 | us-gaap |
Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
|
700000 | |
CY2021Q4 | us-gaap |
Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
|
100000 | |
CY2021Q4 | us-gaap |
Purchase Obligation
PurchaseObligation
|
7900000 | |
CY2021Q4 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
1700000 | |
CY2020Q4 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
2400000 | |
CY2021Q4 | altg |
Accrued Guarantees
AccruedGuarantees
|
0 | |
CY2020Q4 | altg |
Accrued Guarantees
AccruedGuarantees
|
0 | |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
2800000 | |
CY2020 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-5000000.0 | |
CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
800000 | |
CY2020 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-1600000 | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3600000 | |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-6600000 | |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-3600000 | |
CY2020 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-4300000 | |
CY2021 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-600000 | |
CY2020 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-1200000 | |
CY2020 | altg |
Income Tax Reconciliation Permanent Differences On Life Insurance
IncomeTaxReconciliationPermanentDifferencesOnLifeInsurance
|
1700000 | |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
7600000 | |
CY2021 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
200000 | |
CY2020 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
600000 | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3600000 | |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-6600000 | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3600000 | |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-6600000 | |
CY2020Q3 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
2100000 | |
CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
873600000 | |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-17200000 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-20700000 | ||
CY2021 | altg |
Percentage Of Deferred Tax Liability In Use Of Net Operating Losses
PercentageOfDeferredTaxLiabilityInUseOfNetOperatingLosses
|
0.80 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.209 | |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.319 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
10800000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4700000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
700000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
600000 | |
CY2021Q4 | altg |
Deferred Tax Assets Accounts Receivable And Inventories
DeferredTaxAssetsAccountsReceivableAndInventories
|
4300000 | |
CY2020Q4 | altg |
Deferred Tax Assets Accounts Receivable And Inventories
DeferredTaxAssetsAccountsReceivableAndInventories
|
3800000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
1000000.0 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
6000000.0 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
3400000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
2800000 | |
CY2021Q4 | altg |
Deferred Tax Assets Deferred Payroll Taxes And Other
DeferredTaxAssetsDeferredPayrollTaxesAndOther
|
3000000.0 | |
CY2020Q4 | altg |
Deferred Tax Assets Deferred Payroll Taxes And Other
DeferredTaxAssetsDeferredPayrollTaxesAndOther
|
2000000.0 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
23200000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
19900000 | |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
21300000 | |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
18200000 | |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
1200000 | |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
1200000 | |
CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
22500000 | |
CY2020Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
19400000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
7600000 | |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
6900000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
500000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
10800000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
4700000 | |
CY2021 | altg |
Percentage Of Future Taxable Income
PercentageOfFutureTaxableIncome
|
0.80 | |
CY2020 | altg |
Percentage Of Future Taxable Income
PercentageOfFutureTaxableIncome
|
0.80 | |
CY2021Q4 | altg |
Deferred Employer Payroll Taxes Under Cares Act
DeferredEmployerPayrollTaxesUnderCARESAct
|
5000000.0 | |
CY2020Q4 | altg |
Deferred Employer Payroll Taxes Under Cares Act
DeferredEmployerPayrollTaxesUnderCARESAct
|
5600000 | |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1200000 | |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3600000 | |
CY2021Q4 | us-gaap |
Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
|
1100000 | |
CY2020Q4 | us-gaap |
Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
|
1100000 | |
CY2021 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
21300000 | |
CY2020 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
15900000 | |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-24000000.0 | |
CY2021 | us-gaap |
Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
|
3881000 | |
CY2020 | us-gaap |
Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
|
2468000 | |
CY2021 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-11900000 | |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-7600000 | |
CY2021 | us-gaap |
Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
|
8000000.0 | |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1212800000 | |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
24000000.0 | |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
95800000 | |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-23400000 | |
CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
873600000 | |
CY2020 | us-gaap |
Interest Expense
InterestExpense
|
23800000 | |
CY2020 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
75000000.0 | |
CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-24000000.0 | |
CY2021Q4 | us-gaap |
Assets
Assets
|
982600000 | |
CY2020Q4 | us-gaap |
Assets
Assets
|
746200000 | |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-23400000 | |
CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-24000000.0 | |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
31706329 | |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26612982 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.74 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.90 | |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-23400000 | |
CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-24000000.0 | |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
31706329 | |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26612982 | |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
31706329 | |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26612982 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.74 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.90 | |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
174000 | |
CY2020 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
90000 |