$AZEK
AZEK Co Inc.

2022 Q1 Form 10-Q Financial Statement

#000156459022019259 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $396.3M $259.7M $293.1M
YoY Change 35.18% 22.34% 19.36%
Cost Of Revenue $273.8M $171.1M $195.3M
YoY Change 40.22% 22.83% 17.48%
Gross Profit $122.5M $88.61M $97.85M
YoY Change 25.15% 21.42% 23.28%
Gross Profit Margin 30.9% 34.12% 33.38%
Selling, General & Admin $70.82M $63.17M $59.90M
YoY Change 18.24% 18.19% 17.68%
% of Gross Profit 57.83% 71.29% 61.21%
Research & Development $2.300M $2.000M $1.700M
YoY Change 35.29% 11.11% -10.53%
% of Gross Profit 1.88% 2.26% 1.74%
Depreciation & Amortization $29.04M $28.08M $25.27M
YoY Change 14.92% 15.67% 3.2%
% of Gross Profit 23.72% 31.69% 25.83%
Operating Expenses $73.12M $65.17M $61.60M
YoY Change 18.71% 17.96% 3141.95%
Operating Profit $51.64M $25.44M $36.55M
YoY Change 41.3% 30.26% 38.1%
Interest Expense $4.010M $4.148M $6.348M
YoY Change -36.83% -31.16% -68.22%
% of Operating Profit 7.77% 16.31% 17.37%
Other Income/Expense, Net $4.010M $4.148M $6.348M
YoY Change -36.83% -31.16% -68.22%
Pretax Income $47.63M $21.29M $30.20M
YoY Change 57.72% 57.67% 365.43%
Income Tax $11.81M $4.585M $7.558M
% Of Pretax Income 24.8% 21.53% 25.03%
Net Earnings $35.82M $16.71M $22.64M
YoY Change 58.21% 64.63% 453.82%
Net Earnings / Revenue 9.04% 6.43% 7.72%
Basic Earnings Per Share $0.23 $0.11 $0.15
Diluted Earnings Per Share $0.23 $0.11 $0.14
COMMON SHARES
Basic Shares Outstanding 154.7M 154.4M 153.5M
Diluted Shares Outstanding 156.1M 156.9M 156.7M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.81M $66.06M $151.3M
YoY Change -82.94% -68.54% 59.77%
Cash & Equivalents $25.81M $66.06M $151.3M
Short-Term Investments
Other Short-Term Assets $24.19M $18.85M $527.0K
YoY Change 4490.89% 11606.21% -97.73%
Inventory $299.2M $289.1M $166.5M
Prepaid Expenses $10.98M
Receivables $171.7M $63.06M $128.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $520.9M $437.0M $457.8M
YoY Change 13.78% 1.87% 20.09%
LONG-TERM ASSETS
Property, Plant & Equipment $474.3M $435.3M $311.9M
YoY Change 52.11% 55.92% 33.55%
Goodwill $987.4M $992.5M $951.4M
YoY Change 3.79% 4.32%
Intangibles $267.2M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.635M $1.765M $2.190M
YoY Change -25.34% 9.76% 212.86%
Total Long-Term Assets $1.799B $1.778B $1.533B
YoY Change 17.36% 17.61% 1.84%
TOTAL ASSETS
Total Short-Term Assets $520.9M $437.0M $457.8M
Total Long-Term Assets $1.799B $1.778B $1.533B
Total Assets $2.319B $2.215B $1.990B
YoY Change 16.53% 14.13% 5.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.23M $64.49M $51.55M
YoY Change 47.88% 68.91% 38.57%
Accrued Expenses $91.49M $93.46M $70.20M
YoY Change 30.32% 31.27% 2.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.217M $606.0K $1.100M
YoY Change 10.64% -88.04%
Total Short-Term Liabilities $173.6M $162.5M $126.2M
YoY Change 37.54% 42.04% 5.0%
LONG-TERM LIABILITIES
Long-Term Debt $505.3M $465.0M $474.9M
YoY Change 6.4% 0.36% -61.73%
Other Long-Term Liabilities $30.08M $85.67M $9.900M
YoY Change 203.82% 850.88% -1.0%
Total Long-Term Liabilities $505.3M $550.7M $484.8M
YoY Change 4.23% 16.59% -61.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $173.6M $162.5M $126.2M
Total Long-Term Liabilities $505.3M $550.7M $484.8M
Total Liabilities $826.4M $764.0M $641.0M
YoY Change 28.93% 22.86% -54.24%
SHAREHOLDERS EQUITY
Retained Earnings -$171.5M
YoY Change -37.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.493B $1.451B $1.351B
YoY Change
Total Liabilities & Shareholders Equity $2.319B $2.215B $1.990B
YoY Change 16.53% 14.13% 5.53%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $35.82M $16.71M $22.64M
YoY Change 58.21% 64.63% 453.82%
Depreciation, Depletion And Amortization $29.04M $28.08M $25.27M
YoY Change 14.92% 15.67% 3.2%
Cash From Operating Activities -$36.92M -$30.62M -$13.16M
YoY Change 180.57% -250.85% 12.77%
INVESTING ACTIVITIES
Capital Expenditures -$48.66M $65.33M -$44.98M
YoY Change 8.19% 141.79% 91.57%
Acquisitions $91.31M
YoY Change
Other Investing Activities $4.840M -$91.28M $10.00K
YoY Change 48300.0% -456490.0% -100.06%
Cash From Investing Activities -$43.82M -$156.6M -$44.96M
YoY Change -2.53% 479.95% 9.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.50M 2.751M -600.0K
YoY Change -6850.17% 59.2% -100.48%
NET CHANGE
Cash From Operating Activities -36.92M -30.62M -13.16M
Cash From Investing Activities -43.82M -156.6M -44.96M
Cash From Financing Activities 40.50M 2.751M -600.0K
Net Change In Cash -40.24M -184.5M -58.72M
YoY Change -31.46% 3605.91% -181.3%
FREE CASH FLOW
Cash From Operating Activities -$36.92M -$30.62M -$13.16M
Capital Expenditures -$48.66M $65.33M -$44.98M
Free Cash Flow $11.74M -$95.95M $31.82M
YoY Change -63.11% 1327.23% 169.43%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of 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 financial statements and reported amounts of revenues and expenses during the reporting period. Significant estimates include revenue recognition, reserves for excess inventory, inventory obsolescence, product warranties, customer rebates, stock-based compensation, litigation, income taxes, contingent consideration, goodwill and intangible asset valuation and accounting for long-lived assets. Management’s estimates and assumptions are evaluated on an ongoing basis and are based on historical experience, current conditions and available information. Actual results may differ from estimated amounts. Estimates are revised as additional information becomes available. </p>
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7124000
CY2021Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
6018000
CY2022Q1 azek Property And Equipment Excluding Construction In Progress Gross
PropertyAndEquipmentExcludingConstructionInProgressGross
579363000
CY2021Q3 azek Property And Equipment Excluding Construction In Progress Gross
PropertyAndEquipmentExcludingConstructionInProgressGross
512187000
CY2022Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
173929000
CY2021Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
129886000
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
753292000
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
642073000
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
278952000
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
251061000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
474340000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
391012000
CY2022Q1 us-gaap Depreciation
Depreciation
16500000
CY2021Q1 us-gaap Depreciation
Depreciation
12700000
us-gaap Depreciation
Depreciation
31700000
us-gaap Depreciation
Depreciation
24400000
CY2022Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1200000
CY2021Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2300000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000
CY2021Q3 us-gaap Goodwill
Goodwill
951390000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
36050000
CY2022Q1 us-gaap Goodwill
Goodwill
987440000
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
32200000
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
32200000
CY2022Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
709268000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
449140000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
260128000
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
670886000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
428314000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
242572000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12600000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25200000
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P12Y3M18D
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1074000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1338000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1109000
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1332000
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
98000
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
149000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
63000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1487000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
155000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1172000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1487000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1172000
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24590000
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
32996000
CY2022Q1 us-gaap Customer Deposits Current
CustomerDepositsCurrent
10676000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5018000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3906000
CY2022Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3847000
CY2021Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3421000
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3218000
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2992000
CY2022Q1 azek Accrued Construction In Progress Liability Current
AccruedConstructionInProgressLiabilityCurrent
8421000
CY2021Q3 azek Accrued Construction In Progress Liability Current
AccruedConstructionInProgressLiabilityCurrent
4068000
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1737000
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2296000
CY2022Q1 azek Accrued Freight Payable Current
AccruedFreightPayableCurrent
2211000
CY2021Q3 azek Accrued Freight Payable Current
AccruedFreightPayableCurrent
2292000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1217000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
71000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4651000
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4480000
CY2022Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
65586000
CY2021Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
56522000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
507654000
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
467654000
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2117000
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2625000
CY2022Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
253000
CY2021Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
314000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
505284000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
464715000
CY2022Q1 us-gaap Interest Expense Other
InterestExpenseOther
818000
CY2021Q1 us-gaap Interest Expense Other
InterestExpenseOther
204000
us-gaap Interest Expense Other
InterestExpenseOther
1684000
us-gaap Interest Expense Other
InterestExpenseOther
408000
CY2022Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1216000
CY2021Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
451000
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2327000
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
936000
CY2022Q1 us-gaap Interest Expense
InterestExpense
4010000
CY2021Q1 us-gaap Interest Expense
InterestExpense
6348000
us-gaap Interest Expense
InterestExpense
8158000
us-gaap Interest Expense
InterestExpense
12374000
us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
The Company provides product assurance warranties of various lengths ranging from 5 years to lifetime for limited coverage for a variety of material and workmanship defects based on standard terms and conditions between the Company and its customers.
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12681000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11044000
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12699000
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10913000
CY2022Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1810000
CY2021Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1827000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2277000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2550000
CY2022Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
543000
CY2021Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
817000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1028000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1426000
CY2021Q1 azek Standard Product Warranty Accretion Purchase Accounting Valuation
StandardProductWarrantyAccretionPurchaseAccountingValuation
11000
azek Standard Product Warranty Accretion Purchase Accounting Valuation
StandardProductWarrantyAccretionPurchaseAccountingValuation
28000
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13948000
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12065000
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13948000
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12065000
CY2022Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
3218000
CY2021Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
2809000
CY2022Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
3218000
CY2021Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
2809000
CY2022Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
10730000
CY2021Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
9256000
CY2022Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
10730000
CY2021Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
9256000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21180000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19431000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
53906000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
49084000
CY2022Q1 azek Lease Assets
LeaseAssets
75086000
CY2021Q3 azek Lease Assets
LeaseAssets
68515000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5018000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3906000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1217000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
71000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19100000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18585000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
55996000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
50590000
CY2022Q1 azek Lease Liabilities
LeaseLiabilities
81331000
CY2021Q3 azek Lease Liabilities
LeaseLiabilities
73152000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1454000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
999000
us-gaap Operating Lease Cost
OperatingLeaseCost
2624000
us-gaap Operating Lease Cost
OperatingLeaseCost
1783000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
797000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
276000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1514000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
524000
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
868000
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
203000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1673000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
406000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
171000
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
28000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
218000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
53000
CY2022Q1 us-gaap Sublease Income
SubleaseIncome
87000
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
119000
us-gaap Sublease Income
SubleaseIncome
206000
us-gaap Sublease Income
SubleaseIncome
189000
CY2022Q1 us-gaap Lease Cost
LeaseCost
3203000
CY2021Q1 us-gaap Lease Cost
LeaseCost
1387000
us-gaap Lease Cost
LeaseCost
5823000
us-gaap Lease Cost
LeaseCost
2577000
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.063
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2954000
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2248000
CY2022Q1 azek Lessee Lease Liability To Be Paid Due Remainder Of Fiscal Year
LesseeLeaseLiabilityToBePaidDueRemainderOfFiscalYear
5202000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5763000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4661000
CY2022Q1 azek Lessee Lease Liability To Be Paid Due Next Twelve Months
LesseeLeaseLiabilityToBePaidDueNextTwelveMonths
10424000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4592000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4375000
CY2022Q1 azek Lessee Lease Liability To Be Paid Due Year Two
LesseeLeaseLiabilityToBePaidDueYearTwo
8967000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3503000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
4166000
CY2022Q1 azek Lessee Lease Liability To Be Paid Due Year Three
LesseeLeaseLiabilityToBePaidDueYearThree
7669000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2250000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3963000
CY2022Q1 azek Lessee Lease Liability To Be Paid Due Year Four
LesseeLeaseLiabilityToBePaidDueYearFour
6213000
CY2022Q1 azek Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
9291000
CY2022Q1 azek Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
105243000
CY2022Q1 azek Lessee Lease Liability To Be Paid Due After Year Four
LesseeLeaseLiabilityToBePaidDueAfterYearFour
114534000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28353000
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
124656000
CY2022Q1 azek Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
153009000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4235000
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
67443000
CY2022Q1 azek Lessee Lease Liability Undiscounted Excess Amount
LesseeLeaseLiabilityUndiscountedExcessAmount
71678000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
24118000
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
57213000
CY2022Q1 azek Lessee Lease Liability
LesseeLeaseLiability
81331000
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-05-05
CY2022Q1 azek Increase In Fair Value Contingent Payment
IncreaseInFairValueContingentPayment
11700000
CY2022Q1 azek Contingent Payment Compensation Expense
ContingentPaymentCompensationExpense
2900000
azek Contingent Payment Compensation Expense
ContingentPaymentCompensationExpense
2900000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q1 us-gaap Revenues
Revenues
396255000
CY2021Q1 us-gaap Revenues
Revenues
293121000
us-gaap Revenues
Revenues
655963000
us-gaap Revenues
Revenues
505399000
CY2022Q1 azek Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
107025000
CY2021Q1 azek Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
85413000
azek Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
181204000
azek Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
147505000
CY2022Q1 azek Unallocated Net Expenses
UnallocatedNetExpenses
16104000
CY2021Q1 azek Unallocated Net Expenses
UnallocatedNetExpenses
13902000
azek Unallocated Net Expenses
UnallocatedNetExpenses
31763000
azek Unallocated Net Expenses
UnallocatedNetExpenses
27542000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29042000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25271000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
57124000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49549000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4928000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7156000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8944000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10136000
CY2022Q1 azek Business Combination Total Costs
BusinessCombinationTotalCosts
5136000
azek Business Combination Total Costs
BusinessCombinationTotalCosts
5633000
CY2021Q1 azek Initial Public Offering And Secondary Offering Costs
InitialPublicOfferingAndSecondaryOfferingCosts
1149000
azek Initial Public Offering And Secondary Offering Costs
InitialPublicOfferingAndSecondaryOfferingCosts
1149000
CY2022Q1 azek Other Costs Expense
OtherCostsExpense
177000
CY2021Q1 azek Other Costs Expense
OtherCostsExpense
1390000
azek Other Costs Expense
OtherCostsExpense
662000
azek Other Costs Expense
OtherCostsExpense
3053000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4010000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6348000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-8158000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-12374000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
47628000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30197000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
68920000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43702000
CY2022Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3900000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4400000
CY2022Q1 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory
1200000
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory
1200000
CY2022Q1 us-gaap Legal Fees
LegalFees
100000
CY2021Q1 us-gaap Legal Fees
LegalFees
500000
CY2022Q1 azek Other Miscellaneous Expenses
OtherMiscellaneousExpenses
100000
CY2021Q1 azek Lease Standard Adoption Costs
LeaseStandardAdoptionCosts
200000
us-gaap Legal Fees
LegalFees
400000
us-gaap Legal Fees
LegalFees
1000000.0
azek Other Miscellaneous Expenses
OtherMiscellaneousExpenses
200000
azek Lease Standard Adoption Costs
LeaseStandardAdoptionCosts
400000
CY2020Q2 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
819700000
CY2020Q2 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
50600000
CY2020Q2 azek Accrued Liabilities For Estimated Offering Expenses
AccruedLiabilitiesForEstimatedOfferingExpenses
9200000
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
us-gaap Common Stock Voting Rights
CommonStockVotingRights
The Class A common stock and Class B common stock provide identical economic rights, but holders of Class B common stock have limited voting rights, specifically that such holders have no right to vote, solely with respect to their shares of Class B common stock, with respect to the election, replacement or removal of directors.
us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
Class A common stock and Class B common stock are not entitled to preemptive rights. Holders of Class B common stock may convert their shares of Class B common stock into shares of Class A common stock on a one-for-one basis, in whole or in part, at any time and from time to time at their option.
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1100000
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
300000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1900000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
800000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
35600000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0134
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0056
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3500
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
366852
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
30.42
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
224900
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
37.85
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
51154
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
35.99
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
22669
azek Share Based Compensation Arrangement By Share Based Payment Awards Equity Instruments Other Than Options Vested In Period Weighted Average Forfeited Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardsEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageForfeitedDateFairValue
30.82
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
517929
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
33.18
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
35818000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
22640000
us-gaap Net Income Loss
NetIncomeLoss
52525000
us-gaap Net Income Loss
NetIncomeLoss
32788000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
35818000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22640000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
52525000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
32788000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154661277
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153509612
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154551589
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153366516
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156121476
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156747514
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156560502
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156377902
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250

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