2020 Q2 Form 10-Q Financial Statement

#000148813920000059 Filed on August 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $223.0M $198.2M $150.1M
YoY Change 12.54% 0.61% -10.33%
Cost Of Revenue $183.5M $155.0M $117.5M
YoY Change 18.37% 0.54% -10.96%
Gross Profit $39.51M $43.14M $32.63M
YoY Change -8.42% 0.85% -8.01%
Gross Profit Margin 17.71% 21.77% 21.74%
Selling, General & Admin $26.62M $29.90M $25.90M
YoY Change -10.97% 4.55% -4.07%
% of Gross Profit 67.38% 69.31% 79.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.17M $9.647M $8.838M
YoY Change 5.43% 36.78% 31.24%
% of Gross Profit 25.74% 22.36% 27.08%
Operating Expenses $26.62M $30.08M $26.08M
YoY Change -11.51% 4.45% -4.12%
Operating Profit $12.89M $13.06M $6.549M
YoY Change -1.29% -6.57% -20.8%
Interest Expense $3.846M $3.380M $2.808M
YoY Change 13.79% 4.48% -6.31%
% of Operating Profit 29.84% 25.89% 42.88%
Other Income/Expense, Net -$4.052M -$3.746M -$3.421M
YoY Change 8.17% -5.55% -3.47%
Pretax Income $8.836M $9.311M $3.128M
YoY Change -5.1% -6.97% -33.8%
Income Tax $0.00 $804.0K $257.0K
% Of Pretax Income 0.0% 8.63% 8.22%
Net Earnings $4.365M $9.216M $4.147M
YoY Change -52.64% 5.91% -40.66%
Net Earnings / Revenue 1.96% 4.65% 2.76%
Basic Earnings Per Share $0.09 $0.20 $0.09
Diluted Earnings Per Share $0.09 $0.19 $0.09
COMMON SHARES
Basic Shares Outstanding 47.49M shares 46.39M shares 46.29M shares
Diluted Shares Outstanding 48.52M shares 47.68M shares 47.65M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.90M $38.30M $25.50M
YoY Change 9.4% 36.79% -25.22%
Cash & Equivalents $41.88M $38.34M $25.49M
Short-Term Investments
Other Short-Term Assets $59.10M $54.10M $55.20M
YoY Change 9.24% 17.35% 0.73%
Inventory $9.001M $9.219M $8.930M
Prepaid Expenses $27.53M $16.72M $14.44M
Receivables $300.5M $245.4M $188.9M
Other Receivables $12.00M $1.600M $1.700M
Total Short-Term Assets $422.4M $348.7M $280.3M
YoY Change 21.15% 18.43% 0.33%
LONG-TERM ASSETS
Property, Plant & Equipment $9.797M $7.871M $7.073M
YoY Change 24.47% 25.84% 21.59%
Goodwill $57.84M $58.13M $58.84M
YoY Change -0.5% 1.5% 4.51%
Intangibles $1.232M $2.052M $2.310M
YoY Change -39.96% -15.0% 3.54%
Long-Term Investments
YoY Change
Other Assets $20.57M $34.58M $32.27M
YoY Change -40.5% 8.31% 13.73%
Total Long-Term Assets $1.037B $761.2M $918.3M
YoY Change 36.24% 1.54% 25.39%
TOTAL ASSETS
Total Short-Term Assets $422.4M $348.7M $280.3M
Total Long-Term Assets $1.037B $761.2M $918.3M
Total Assets $1.460B $1.110B $1.199B
YoY Change 31.5% 6.3% 18.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $162.4M $117.2M $102.4M
YoY Change 38.58% 1.19% 2.35%
Accrued Expenses $26.25M $29.26M $28.49M
YoY Change -10.29% 28.33% 22.49%
Deferred Revenue $34.90M $24.38M $25.35M
YoY Change 43.13% 22.47%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.22M $54.35M $55.73M
YoY Change -18.65% 97.99% 112.28%
Total Short-Term Liabilities $273.0M $231.1M $218.3M
YoY Change 18.11% 23.42% 26.04%
LONG-TERM LIABILITIES
Long-Term Debt $295.0M $224.0M $197.0M
YoY Change 31.7% 1.23% -9.8%
Other Long-Term Liabilities $38.32M $30.18M $28.47M
YoY Change 26.97% 63.17% 60.11%
Total Long-Term Liabilities $38.32M $30.18M $28.47M
YoY Change 26.97% -87.41% -87.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $273.0M $231.1M $218.3M
Total Long-Term Liabilities $38.32M $30.18M $28.47M
Total Liabilities $311.3M $261.3M $246.8M
YoY Change 19.13% -38.81% -39.72%
SHAREHOLDERS EQUITY
Retained Earnings $325.0M $283.4M $274.2M
YoY Change 14.69% 14.69% 16.25%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.79M $11.64M $11.64M
YoY Change 1.29% 0.58% 0.59%
Treasury Stock Shares
Shareholders Equity $439.7M $390.3M $381.7M
YoY Change
Total Liabilities & Shareholders Equity $1.460B $1.110B $1.199B
YoY Change 31.5% 6.3% 18.47%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $4.365M $9.216M $4.147M
YoY Change -52.64% 5.91% -40.66%
Depreciation, Depletion And Amortization $10.17M $9.647M $8.838M
YoY Change 5.43% 36.78% 31.24%
Cash From Operating Activities -$21.95M -$51.16M -$58.09M
YoY Change -57.1% 154.91% 56.69%
INVESTING ACTIVITIES
Capital Expenditures -$49.35M -$24.66M $1.287M
YoY Change 100.12% 71.01% 26.8%
Acquisitions $1.279M
YoY Change
Other Investing Activities $0.00 $0.00 -$1.470M
YoY Change -100.0% -93.11%
Cash From Investing Activities -$49.35M -$24.66M -$26.09M
YoY Change 100.12% -9.07% -25.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $5.716M
YoY Change 146.17%
Cash From Financing Activities 58.48M 88.13M $47.53M
YoY Change -33.64% 120.77% -43.5%
NET CHANGE
Cash From Operating Activities -21.95M -51.16M -$58.09M
Cash From Investing Activities -49.35M -24.66M -$26.09M
Cash From Financing Activities 58.48M 88.13M $47.53M
Net Change In Cash -12.82M 12.31M -$36.51M
YoY Change -204.14% -269.33% -412.29%
FREE CASH FLOW
Cash From Operating Activities -$21.95M -$51.16M -$58.09M
Capital Expenditures -$49.35M -$24.66M $1.287M
Free Cash Flow $27.40M -$26.50M -$59.38M
YoY Change -203.4% 369.03% 55.9%

Facts In Submission

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us-gaap Profit Loss
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us-gaap Nature Of Operations
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BASIS OF PRESENTATION<div style="text-indent:18pt;text-align:justify;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The accompanying condensed consolidated financial statements of Ameresco, Inc. (including its subsidiaries, the “Company”) are unaudited, pursuant to certain rules and regulations of the Securities and Exchange Commission, and include, in the opinion of the Company, normal recurring adjustments necessary for a fair presentation in conformity with accounting principles generally accepted in the United States (“GAAP”) of the results for the periods indicated.</span></div><div style="text-indent:18pt;text-align:justify;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of results which may be expected for the full year. The December 31, 2019 consolidated balance sheet data was derived from audited financial statements, but certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. The interim condensed consolidated financial statements, and notes thereto, should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2019, and notes thereto, included in the Company’s annual report on Form </span><span style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;"><a href="http://www.sec.gov/Archives/edgar/data/1488139/000148813919000022/amrc1231201810-k.htm" style="background-color:rgb(255,255,255, 0.0);color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">10-K </a></span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">for the year ended December 31, 2019 filed with the Securities and Exchange Commission on March 4, 2020.</span></div><div style="text-align:justify;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">SIGNIFICANT RISKS AND UNCERTAINTIES </span></div><div style="text-indent:18pt;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">In March 2020, the World Health Organization categorized Coronavirus Disease 2019 (“COVID-19”) as a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency. </span></div><div style="text-indent:18pt;text-align:justify;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company’s condensed consolidated financial statements reflect estimates and assumptions made by management 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 reported amounts of revenue and expenses during the reporting periods presented. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there was no material adverse impact on the Company’s first half 2020 results of operations.</span></div><div style="text-indent:18pt;text-align:justify;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The severity of the impact of the COVID-19 pandemic on the Company's business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company's customers, all of which are uncertain and cannot be predicted. The Company's future results of operations and liquidity could be adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms, delays in obtaining signed customer contracts for awarded projects, supply chain disruptions and uncertain demand. As of the date of issuance of these condensed consolidated financial statements, the extent to which the COVID-19 pandemic may impact the Company's financial condition, liquidity, or results of operations is uncertain.</span></div>On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) which includes modifications to the limitation on business interest expense and net operating loss provisions, and provides a payment delay of employer payroll taxes during 2020 after the date of enactment. The Company estimates the payment of approximately $5,000 of employer payroll taxes otherwise due in 2020 will be delayed with 50% due by December 31, 2021 and the remaining 50% by December 31, 2022. The CARES Act permits net operating losses from the 2018, 2019, and 2020 tax years to be carried back to the previous five tax years (beginning with the earliest year first). The Company estimates the discrete benefit associated with the net operating loss provisions of the CARES Act to be approximately $2,000 , an estimated refund of taxes paid in prior years of approximately $1,700 and the carryback additionally provides an additional refund of approximately $3,600 related to Alternative Minimum Tax credits.
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5000000 USD
amrc Coronavirus Aid Relief And Economic Securities Cares Act Tax Benefit Due To Net Operating Loss
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2000000 USD
amrc Coronavirus Aid Relief And Economic Securities Cares Act Proceeds From Tax Refund
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1700000 USD
amrc Alternative Minimum Tax Cares Act
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3600000 USD
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us-gaap Provision For Doubtful Accounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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192000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
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223036000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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198183000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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435449000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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0.94
CY2019Q2 amrc Revenues Percentage Of Revenue Recognized Over Time
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0.92
amrc Revenues Percentage Of Revenue Recognized Over Time
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0.93
amrc Revenues Percentage Of Revenue Recognized Over Time
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15383000 USD
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13516000 USD
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5035000 USD
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5560000 USD
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amrc Contract With Customer Asset Revenue Recognized
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287087000 USD
us-gaap Contract With Customer Liability Revenue Recognized
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33851000 USD
amrc Contract With Customer Liability Billings
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33276000 USD
amrc Contract With Customer Asset Revenue Recognized
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220062000 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
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201908000 USD
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38854000 USD
amrc Contract With Customer Liability Billings
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35172000 USD
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0.27
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1735000 USD
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1735000 USD
CY2020Q2 amrc Capitalized Project Development Costs Noncurrent
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550000 USD
CY2019Q4 amrc Capitalized Project Development Costs Noncurrent
CapitalizedProjectDevelopmentCostsNoncurrent
1080000 USD
CY2020Q2 amrc Capitalized Contract Cost Project Development Costs
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4258000 USD
CY2019Q2 amrc Capitalized Contract Cost Project Development Costs
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8256000 USD
amrc Capitalized Contract Cost Project Development Costs
CapitalizedContractCostProjectDevelopmentCosts
5865000 USD
amrc Capitalized Contract Cost Project Development Costs
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11033000 USD
us-gaap Capitalized Contract Cost Impairment Loss
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0 USD
us-gaap Capitalized Contract Cost Impairment Loss
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0 USD
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58414000 USD
us-gaap Goodwill Acquired During Period
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0 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2020Q2 us-gaap Goodwill
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1016000 USD
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26966000 USD
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25215000 USD
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25352000 USD
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1232000 USD
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1614000 USD
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42402000 USD
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FinanceLeaseRightOfUseAssetGross
42402000 USD
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FinanceLeaseRightOfUseAssetAccumulatedDepreciation
7332000 USD
CY2019Q4 amrc Finance Lease Right Of Use Asset Accumulated Depreciation
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6268000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
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35070000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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36134000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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80000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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80000 USD
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9650000 USD
CY2019Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
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9088000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
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532000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
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532000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
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18949000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
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17495000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
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1064000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
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1064000 USD
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912000 USD
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790000 USD
us-gaap Interest Costs Capitalized
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1774000 USD
us-gaap Interest Costs Capitalized
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1578000 USD
CY2019Q4 amrc Number Of Espc Projects
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3 project
CY2020Q2 amrc Number Of Espc Projects
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3 project
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22000 USD
us-gaap Asset Retirement Obligation Accretion Expense
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43000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
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CY2019Q2 us-gaap Income Tax Expense Benefit
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804000 USD
us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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1061000 USD
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0.000
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.086
us-gaap Effective Income Tax Rate Continuing Operations
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-0.193
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.085
CY2019Q4 us-gaap Unrecognized Tax Benefits
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400000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
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400000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
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400000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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400000 USD
CY2019Q1 us-gaap Operating Lease Impairment Loss
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CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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31639000 USD
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5084000 USD
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28480000 USD
CY2019Q1 us-gaap Operating Lease Liability
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P10Y
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0.060
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38263000 USD
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4956000 USD
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28407000 USD
CY2019Q1 us-gaap Finance Lease Liability
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P18Y
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5216000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
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5802000 USD
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P17Y
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29101000 USD
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37914000 USD
CY2019Q4 us-gaap Operating Lease Liability
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34903000 USD
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P12Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P11Y
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.061
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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4800000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
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4997000 USD
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
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21355000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23500000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
26155000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
28497000 USD
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P16Y
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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2106000 USD
CY2019Q2 us-gaap Operating Lease Cost
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1909000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3932000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3747000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
532000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
532000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1064000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1064000 USD
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726000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
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947000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1559000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1896000 USD
CY2020Q2 us-gaap Lease Cost
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3364000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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5054000 USD
CY2019Q2 us-gaap Lease Cost
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3388000 USD
us-gaap Lease Cost
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6555000 USD
us-gaap Lease Cost
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6707000 USD
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4083000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
4202000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7053000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6792000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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6425000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
5178000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3676000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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4186000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2565000 USD
CY2020Q2 amrc Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
27769000 USD
CY2020Q2 amrc Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
24080000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
54570000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
46493000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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16656000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
20338000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
37914000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
26155000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2040000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4285000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2271000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4495000 USD
CY2020Q2 amrc Sale Leaseback Transaction Net Amortization Expense
SaleLeasebackTransactionNetAmortizationExpense
57000 USD
CY2019Q2 amrc Sale Leaseback Transaction Net Amortization Expense
SaleLeasebackTransactionNetAmortizationExpense
58000 USD
amrc Sale Leaseback Transaction Net Amortization Expense
SaleLeasebackTransactionNetAmortizationExpense
112000 USD
amrc Sale Leaseback Transaction Net Amortization Expense
SaleLeasebackTransactionNetAmortizationExpense
115000 USD
CY2018Q3 amrc Maximum Combined Funding Amount Sale Leaseback Transactions
MaximumCombinedFundingAmountSaleLeasebackTransactions
100000000.0 USD
CY2020Q1 amrc Maximum Combined Funding Amount Sale Leaseback Transactions
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150000000.0 USD
CY2020Q2 amrc Sale Leaseback Transactions Available Funding Under Lending Commitment
SaleLeasebackTransactionsAvailableFundingUnderLendingCommitment
131000000.0 USD
CY2020Q2 us-gaap Other Commitment
OtherCommitment
1225000 USD
CY2020Q2 amrc Business Combination Contingent Consideration Arrangements Rangeof Outcomes Probability Base Case
BusinessCombinationContingentConsiderationArrangementsRangeofOutcomesProbabilityBaseCase
0.50
CY2020Q2 amrc Business Combination Contingent Consideration Arrangements Rangeof Outcomes Probability Low
BusinessCombinationContingentConsiderationArrangementsRangeofOutcomesProbabilityLow
0.50
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
678000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
600000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-25000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
678000 USD
CY2020Q2 amrc Equity Method Investments Venture Investments Investment Position Net Asset Liability
EquityMethodInvestmentsVentureInvestmentsInvestmentPositionNetAssetLiability
1342000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
625000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
320622000 USD
CY2020Q2 amrc Longterm Debt Excluding Capital Lease Liabilities
LongtermDebtExcludingCapitalLeaseLiabilities
312905000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
309377000 USD
CY2019Q4 amrc Longterm Debt Excluding Capital Lease Liabilities
LongtermDebtExcludingCapitalLeaseLiabilities
307508000 USD
CY2020Q2 amrc Investment Funds Purchase Of Solar Energy Systems
InvestmentFundsPurchaseOfSolarEnergySystems
5 fund
CY2019Q4 amrc Equity Method Investments Venture Investments Investment Position Net Asset Liability
EquityMethodInvestmentsVentureInvestmentsInvestmentPositionNetAssetLiability
1292000 USD
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-24000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-77000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-74000 USD
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-74000 USD
CY2015Q3 amrc Variable Interest Entity Termof Extensionof Call Option
VariableInterestEntityTermofExtensionofCallOption
P6M
CY2015Q3 amrc Variable Interest Entity Termof Extensionof Put Option
VariableInterestEntityTermofExtensionofPutOption
P1Y
CY2017Q2 amrc Variable Interest Entity Termof Extensionof Call Option
VariableInterestEntityTermofExtensionofCallOption
P6M
CY2017Q2 amrc Variable Interest Entity Termof Extensionof Put Option
VariableInterestEntityTermofExtensionofPutOption
P1Y
CY2018Q2 amrc Variable Interest Entity Termof Extensionof Call Option
VariableInterestEntityTermofExtensionofCallOption
P6M
CY2018Q2 amrc Variable Interest Entity Termof Extensionof Put Option
VariableInterestEntityTermofExtensionofPutOption
P6M
CY2018Q4 amrc Variable Interest Entity Termof Extensionof Call Option
VariableInterestEntityTermofExtensionofCallOption
P6M
CY2018Q4 amrc Variable Interest Entity Termof Extensionof Put Option
VariableInterestEntityTermofExtensionofPutOption
P6M
CY2019Q4 amrc Variable Interest Entity Termof Extensionof Call Option
VariableInterestEntityTermofExtensionofCallOption
P6M
CY2019Q4 amrc Variable Interest Entity Termof Extensionof Put Option
VariableInterestEntityTermofExtensionofPutOption
P6M
amrc Variable Interest Entity Investor Contributed Capital Balance Percentage
VariableInterestEntityInvestorContributedCapitalBalancePercentage
0.07
amrc Variable Interest Entity Remaining Investor Contributed Capital Balance Percentage
VariableInterestEntityRemainingInvestorContributedCapitalBalancePercentage
0.05
amrc Variable Interest Entity Remaining Investor Contributed Capital Balance Percentage
VariableInterestEntityRemainingInvestorContributedCapitalBalancePercentage
0.05
CY2020Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
36303000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
31616000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4365000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9216000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10566000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13363000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47488000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46387000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46340000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1031000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1294000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1071000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1326000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48519000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47681000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48571000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47666000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1450000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
446000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1388000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
372000 shares
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
430000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
397000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
859000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
782000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
223036000 USD
CY2020Q2 us-gaap Interest Income Operating
InterestIncomeOperating
70000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
3846000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10171000 USD
CY2020Q2 amrc Income Before Income Taxes And Unallocated Corporate Expenses
IncomeBeforeIncomeTaxesAndUnallocatedCorporateExpenses
19233000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
198183000 USD
CY2019Q2 us-gaap Interest Income Operating
InterestIncomeOperating
81000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
3380000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9647000 USD
CY2019Q2 amrc Income Before Income Taxes And Unallocated Corporate Expenses
IncomeBeforeIncomeTaxesAndUnallocatedCorporateExpenses
18152000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
435449000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
160000 USD
us-gaap Interest Expense
InterestExpense
7305000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20005000 USD
amrc Income Before Income Taxes And Unallocated Corporate Expenses
IncomeBeforeIncomeTaxesAndUnallocatedCorporateExpenses
33710000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348295000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
214000 USD
us-gaap Interest Expense
InterestExpense
6188000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18485000 USD
amrc Income Before Income Taxes And Unallocated Corporate Expenses
IncomeBeforeIncomeTaxesAndUnallocatedCorporateExpenses
29288000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
26155000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
28497000 USD
CY2020Q2 amrc Long Term Debt And Capital Lease Obligations Gross
LongTermDebtAndCapitalLeaseObligationsGross
346138000 USD
CY2019Q4 amrc Long Term Debt And Capital Lease Obligations Gross
LongTermDebtAndCapitalLeaseObligationsGross
343093000 USD
CY2020Q2 amrc Long Term Debt And Finance Lease Obligations Current
LongTermDebtAndFinanceLeaseObligationsCurrent
44216000 USD
CY2019Q4 amrc Long Term Debt And Finance Lease Obligations Current
LongTermDebtAndFinanceLeaseObligationsCurrent
69969000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6874000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6943000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
295048000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
266181000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
20338000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
22015000 USD

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