2022 Q2 Form 10-Q Financial Statement

#000181584922000009 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $163.3M $153.8M $155.8M
YoY Change -0.45% 3.19% -73.7%
Cost Of Revenue $140.0M $139.0M $135.9M
YoY Change -43.76% 12.17% -71.25%
Gross Profit $23.28M $14.79M $19.88M
YoY Change -63.71% -41.1% -83.38%
Gross Profit Margin 14.26% 9.62% 12.77%
Selling, General & Admin $32.06M $30.02M $29.90M
YoY Change 21.5% 21.43% -74.94%
% of Gross Profit 137.72% 202.97% 150.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.26M $10.11M $10.00M
YoY Change 13.32% 5.11% -74.8%
% of Gross Profit 44.06% 68.35% 50.32%
Operating Expenses $35.31M $30.02M $29.90M
YoY Change 33.81% 21.43% -74.94%
Operating Profit -$12.03M -$176.1M -$12.11M
YoY Change -97.29% 2495.11% -3680.36%
Interest Expense -$11.38M -$8.656M -$7.215M
YoY Change -72.78% -59.54% -91.83%
% of Operating Profit
Other Income/Expense, Net $2.475M -$2.781M $15.64M
YoY Change -143.99% 1717.65% -82.82%
Pretax Income -$148.8M -$161.5M -$3.691M
YoY Change -69.47% 470.02% -222.79%
Income Tax -$13.03M -$23.30M -$5.381M
% Of Pretax Income
Net Earnings -$135.5M -$137.8M $821.0K
YoY Change -68.87% 620.19% -119.87%
Net Earnings / Revenue -83.01% -89.55% 0.53%
Basic Earnings Per Share -$34.49 -$0.70 $0.00
Diluted Earnings Per Share -$664.9K -$0.70 $0.00
COMMON SHARES
Basic Shares Outstanding 206.8M shares 200.0M shares 197.3M shares
Diluted Shares Outstanding 4.077M shares 200.0M shares 197.4M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.68M $94.80M $48.62M
YoY Change -12.02% 58225.85% -65.79%
Cash & Equivalents $79.68M $94.80M $48.62M
Short-Term Investments
Other Short-Term Assets $27.68M $6.658M $3.204M
YoY Change 267.01% 1815.2% 47.79%
Inventory
Prepaid Expenses $8.706M $9.303M
Receivables $83.19M $87.81M $82.46M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $190.5M $198.0M $143.6M
YoY Change 2.61% 38704.94% -39.89%
LONG-TERM ASSETS
Property, Plant & Equipment $380.8M $136.8M $139.7M
YoY Change 184.22% 1.86%
Goodwill $492.2M $608.8M
YoY Change -62.14% -54.23%
Intangibles $372.1M $411.7M
YoY Change -36.11%
Long-Term Investments
YoY Change
Other Assets $2.013M $2.811M $2.233M
YoY Change 7.59% 32.52%
Total Long-Term Assets $1.119B $1.259B $1.419B
YoY Change -41.55% 265.0% -40.16%
TOTAL ASSETS
Total Short-Term Assets $190.5M $198.0M $143.6M
Total Long-Term Assets $1.119B $1.259B $1.419B
Total Assets $1.310B $1.457B $1.563B
YoY Change -37.64% 321.76% -40.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.37M $12.26M $15.15M
YoY Change 17.25% 122.67% 24.68%
Accrued Expenses $109.9M $102.6M $105.1M
YoY Change 8.33% 208022.47% -8.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $8.167M
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $131.9M $122.3M $137.3M
YoY Change 2.31% 2100.9% -4.23%
LONG-TERM LIABILITIES
Long-Term Debt $478.5M $477.8M $543.8M
YoY Change -12.48% -45.15%
Other Long-Term Liabilities $260.8M $2.348M $2.301M
YoY Change 3363.03% -92.86% -87.61%
Total Long-Term Liabilities $739.3M $480.2M $546.1M
YoY Change 33.37% 1360.65% -45.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.9M $122.3M $137.3M
Total Long-Term Liabilities $739.3M $480.2M $546.1M
Total Liabilities $908.1M $918.7M $1.051B
YoY Change -28.19% 2290.54% -38.5%
SHAREHOLDERS EQUITY
Retained Earnings -$984.9M -$847.1M
YoY Change 16854.9% 1131.22%
Common Stock $20.00K $20.00K
YoY Change 53.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $100.0K $95.00K
YoY Change
Treasury Stock Shares 40.00K shares 30.00K shares
Shareholders Equity $401.5M $392.1M $504.4M
YoY Change
Total Liabilities & Shareholders Equity $1.310B $1.457B $1.563B
YoY Change -37.64% 321.76% -40.14%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$135.5M -$137.8M $821.0K
YoY Change -68.87% 620.19% -119.87%
Depreciation, Depletion And Amortization $10.26M $10.11M $10.00M
YoY Change 13.32% 5.11% -74.8%
Cash From Operating Activities -$6.006M -$26.73M -$3.437M
YoY Change -76.84% -11.11% -102.47%
INVESTING ACTIVITIES
Capital Expenditures -$9.069M $8.772M -$12.89M
YoY Change -52.79% 4.73% -41.76%
Acquisitions
YoY Change
Other Investing Activities $109.0K $114.0K $1.706M
YoY Change -54.6% 308.6% -99.51%
Cash From Investing Activities -$8.960M -$8.658M -$11.19M
YoY Change -52.77% -1.19% -103.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $555.0M
YoY Change 27081.59%
Cash From Financing Activities -151.0K $81.57M -2.853M
YoY Change -97.26% -1552.2% -99.21%
NET CHANGE
Cash From Operating Activities -6.006M -$26.73M -3.437M
Cash From Investing Activities -8.960M -$8.658M -11.19M
Cash From Financing Activities -151.0K $81.57M -2.853M
Net Change In Cash -15.12M $46.18M -17.48M
YoY Change -70.01% -203.89% -117.07%
FREE CASH FLOW
Cash From Operating Activities -$6.006M -$26.73M -$3.437M
Capital Expenditures -$9.069M $8.772M -$12.89M
Free Cash Flow $3.063M -$35.50M $9.455M
YoY Change -145.59% -7.66% -94.13%

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CY2021Q1 us-gaap Income Taxes Paid Net
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CY2022Q1 us-gaap Nature Of Operations
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Overview of the Company<div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ATI Physical Therapy, Inc., together with its subsidiaries (herein referred to as “we,” “the Company,” “ATI Physical Therapy” and “ATI”), is a nationally recognized healthcare company, specializing in outpatient rehabilitation and adjacent healthcare services. The Company provides outpatient physical therapy services under the name ATI Physical Therapy and, as of March 31, 2022, had 922 clinics (as well as 20 clinics under management service agreements) located in 25 states. The Company offers a variety of services within its clinics, including physical therapy to treat spine, shoulder, knee and neck injuries or pain; work injury rehabilitation services, including work conditioning and work hardening; hand therapy; and other specialized treatment services. The Company’s direct and indirect wholly-owned subsidiaries include, but are not limited to, Wilco Holdco, Inc., ATI Holdings Acquisition, Inc. and ATI Holdings, LLC.</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 16, 2021 (the “Closing Date”), a Business Combination transaction (the “Business Combination”) was finalized pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated February 21, 2021 between the operating company, Wilco Holdco, Inc. (“Wilco Holdco”), and Fortress Value Acquisition Corp. II (herein referred to as "FAII" and "FVAC"), a special purpose acquisition company. In connection with the closing of the Business Combination, the Company changed its name from Fortress Value Acquisition Corp. II to ATI Physical Therapy, Inc. The Company’s common stock is listed on the New York Stock Exchange ("NYSE") under the symbol “ATIP.”</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. generally accepted accounting principles ("GAAP"). Under </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">this method of accounting, FAII is treated as the acquired company and Wilco Holdco is treated as the acquirer for financial statement reporting and accounting purposes. As a result, the historical operations of Wilco Holdco are deemed to be those of the Company. Therefore, the financial statements included in this report reflect (i) the historical operating results of Wilco Holdco prior to the Business Combination; (ii) the combined results of FAII and Wilco Holdco following the Business Combination on June 16, 2021; (iii) the assets and liabilities of Wilco Holdco at their historical cost; and (iv) the Company’s equity structure for all periods presented. The recapitalization of the number of shares of common stock attributable to the Business Combination is reflected retroactively to the earliest period presented and will be utilized for calculating earnings per share in all prior periods presented. No step-up basis of intangible assets or goodwill was recorded in the Business Combination consistent with the treatment of the transaction as a reverse recapitalization of Wilco Holdco, Inc. Refer to Note 3 - </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Combinations and Divestiture</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Impact of COVID-19 and CARES Act</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The coronavirus ("COVID-19") pandemic in the United States resulted in changes to our operating environment. We continue to closely monitor the impact of COVID-19 on all aspects of our business, and our priorities remain protecting the health and safety of employees and patients, maximizing the availability of services to satisfy patient needs and improving the operational and financial stability of our business. While we expect the disruption caused by COVID-19 and resulting impacts to diminish over time, we cannot predict the length of such impacts, and if such impacts continue for an extended period, it could have a continued effect on the Company’s results of operations, financial condition and cash flows, which could be material.</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law providing reimbursement, grants, waivers and other funds to assist health care providers during the COVID-19 pandemic. The Company has realized benefits under the CARES Act including, but not limited to, the following: </span></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The Company applied for and obtained approval to receive $26.7 million of Medicare Accelerated and Advance Payment Program ("MAAPP") funds during the quarter ended June 30, 2020. During the three months ended March 31, 2022, the Company applied $4.3 million in MAAPP funds against the outstanding liability. Because the Company has not yet met all required performance obligations or performed the services related to the remaining funds, as of March 31, 2022 and December 31, 2021, $8.0 million and $12.3 million of the funds are recorded in accrued expenses and other liabilities, respectively.</span></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">The Company elected to defer depositing the employer portion of Social Security taxes for payments due from March 27, 2020 through December 31, 2020, interest-free and penalty-free. Related to these payments, as of March 31, 2022 and December 31, 2021, $5.9 million is included in accrued expenses and other liabilities.</span></div>
CY2022Q1 us-gaap Number Of Stores
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922 clinic
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20 clinic
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25 state
CY2022Q1 us-gaap Number Of Operating Segments
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1 segment
CY2022Q1 us-gaap Number Of Reportable Segments
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1 segment
CY2021Q2 ati Recapitalization Exchange Ratio
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136.7
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229338000 USD
CY2021Q2 ati Reverse Recapitalization Transaction Cost Offset Against Proceeds
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19233000 USD
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210105000 USD
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300000000 USD
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59000000 USD
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5543000 USD
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5500000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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153822000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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149062000 USD
CY2021Q4 us-gaap Goodwill
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608811000 USD
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116335000 USD
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236000 USD
CY2022Q1 us-gaap Goodwill
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492240000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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726800000 USD
CY2022Q1 us-gaap Goodwill Impairment Loss
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116300000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
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372090000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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411696000 USD
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341864000 USD
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CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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205088000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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196405000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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139730000 USD
CY2022Q1 us-gaap Depreciation
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9921000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
9564000 USD
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CY2021Q4 us-gaap Employee Related Liabilities Current
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27257000 USD
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13910000 USD
CY2021Q4 ati Medicare Accelerated And Advance Payment Funds And Deferred Employer Social Security Tax Cares Act Current
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18179000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current
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4240000 USD
CY2022Q1 us-gaap Interest Payable Current
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CY2021Q4 us-gaap Interest Payable Current
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3520000 USD
CY2021Q4 ati Accrued Contract Labor Current
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2057000 USD
CY2022Q1 ati Accrued Transaction Related Cost Current
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303000 USD
CY2021Q4 ati Accrued Transaction Related Cost Current
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349000 USD
CY2022Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
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7396000 USD
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
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6853000 USD
CY2022Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
59391000 USD
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
64584000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12303000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1935000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
9880000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1147000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
477817000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
551966000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8167000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
477817000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
543799000 USD
CY2022Q1 ati Proceeds From Issuance Of Temporary Equity And Warrants
ProceedsFromIssuanceOfTemporaryEquityAndWarrants
165000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2022Q1 ati Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
500000000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
500000000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
22183000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
477817000 USD
CY2022Q1 ati Proceeds From Issuance Of Temporary Equity And Warrants
ProceedsFromIssuanceOfTemporaryEquityAndWarrants
165000000 USD
CY2022Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
200000 shares
CY2022Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
200000 shares
CY2022Q1 ati Proceeds From Issuance Of Temporary Equity And Warrants
ProceedsFromIssuanceOfTemporaryEquityAndWarrants
165000000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
20333000 USD
CY2022Q1 ati Class Of Warrant Or Right Unamortized Discount
ClassOfWarrantOrRightUnamortizedDiscount
203000 USD
CY2022Q1 ati Class Of Warrant Or Right Issuance Cost
ClassOfWarrantOrRightIssuanceCost
405000 USD
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
19725000 USD
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 ati Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
136.7
CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
55633000 shares
CY2022Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
10000.00 shares
CY2022Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
40000.00 shares
CY2022Q1 us-gaap Treasury Stock Value
TreasuryStockValue
100000 USD
CY2021 ati Gain Loss On Cash Settlement For Outstanding Preferred Stock
GainLossOnCashSettlementForOutstandingPreferredStock
-14000000 USD
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-23300000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10500000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.144
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-23300000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.371
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10500000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
16703000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
15823000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
5205000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
4936000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
21908000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
20759000 USD
CY2022Q1 ati Lease Modification Operating Lease Assets Additions
LeaseModificationOperatingLeaseAssetsAdditions
5700000 USD
CY2022Q1 ati Lease Modification Operation Lease Liabilities Additions
LeaseModificationOperationLeaseLiabilitiesAdditions
5700000 USD
CY2021Q1 ati Lease Modification Operating Lease Assets Additions
LeaseModificationOperatingLeaseAssetsAdditions
3800000 USD
CY2021Q1 ati Lease Modification Operation Lease Liabilities Additions
LeaseModificationOperationLeaseLiabilitiesAdditions
3800000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16438000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16166000 USD
CY2022Q1 ati Payments For Lease Terminations
PaymentsForLeaseTerminations
0 USD
CY2021Q1 ati Payments For Lease Terminations
PaymentsForLeaseTerminations
4570000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5142000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5399000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
6.5
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
6.5
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
50865000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
66781000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
59498000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
50358000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
44009000 USD
CY2022Q1 ati Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
97574000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
369085000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
70080000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
299005000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
50651000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
248354000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-138223000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-17818000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-473000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1309000 USD
CY2022Q1 ati Temporary Equity Cumulative Dividend
TemporaryEquityCumulativeDividend
1925000 USD
CY2021Q1 ati Temporary Equity Cumulative Dividend
TemporaryEquityCumulativeDividend
0 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-139675000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-139675000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-19127000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19127000 USD
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
199971000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
199971000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128286000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128286000 shares
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27544000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares

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