$FA
FIRST ADVANTAGE CORP

2022 Q4 Form 10-Q Financial Statement

#000095017022023232 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $212.6M $206.0M
YoY Change 0.03% 6.8%
Cost Of Revenue $107.9M $104.3M
YoY Change 0.65% 10.78%
Gross Profit $104.7M $101.7M
YoY Change -0.6% 3.01%
Gross Profit Margin 49.24% 49.37%
Selling, General & Admin $40.89M $28.03M
YoY Change -6.4% 3.05%
% of Gross Profit 39.06% 27.57%
Research & Development $13.25M
YoY Change 17.12%
% of Gross Profit 13.03%
Depreciation & Amortization $35.06M $17.70M
YoY Change -3.47% 1.72%
% of Gross Profit 33.49% 17.41%
Operating Expenses $75.95M $180.3M
YoY Change -5.07% 7.03%
Operating Profit $28.74M $25.66M
YoY Change 13.52% 5.21%
Interest Expense -$5.197M -$1.740M
YoY Change 67.81% -136.76%
% of Operating Profit -18.08% -6.78%
Other Income/Expense, Net -$1.740M
YoY Change -63.03%
Pretax Income $23.55M $23.92M
YoY Change 5.95% 21.52%
Income Tax $3.399M $6.709M
% Of Pretax Income 14.44% 28.05%
Net Earnings $20.15M $17.21M
YoY Change 30.95% 5.67%
Net Earnings / Revenue 9.48% 8.35%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share $0.13 $0.11
COMMON SHARES
Basic Shares Outstanding 151.9M 153.2M
Diluted Shares Outstanding 152.4M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $393.6M $390.3M
YoY Change 34.07% 41.15%
Cash & Equivalents $391.7M $390.3M
Short-Term Investments $1.956M $0.00
Other Short-Term Assets $25.55M $27.46M
YoY Change 76.04% 57.4%
Inventory
Prepaid Expenses
Receivables $143.8M $151.2M
Other Receivables $3.225M $2.556M
Total Short-Term Assets $566.2M $571.5M
YoY Change 21.46% 28.85%
LONG-TERM ASSETS
Property, Plant & Equipment $113.5M $125.6M
YoY Change -26.43% -22.13%
Goodwill $793.1M $791.6M
YoY Change -0.1% 2.45%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.42M $18.02M
YoY Change 107.92% 163.41%
Total Long-Term Assets $1.320B $1.350B
YoY Change -7.1% -4.44%
TOTAL ASSETS
Total Short-Term Assets $566.2M $571.5M
Total Long-Term Assets $1.320B $1.350B
Total Assets $1.886B $1.922B
YoY Change -0.04% 3.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.95M $52.29M
YoY Change 1.8% 13.47%
Accrued Expenses $16.40M $17.87M
YoY Change -24.87% -25.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $104.0K $308.0K
YoY Change
Total Short-Term Liabilities $100.8M $101.6M
YoY Change -7.79% 2.35%
LONG-TERM LIABILITIES
Long-Term Debt $556.6M $556.2M
YoY Change 0.33% 0.32%
Other Long-Term Liabilities $3.337M $3.316M
YoY Change -39.75% -49.81%
Total Long-Term Liabilities $560.0M $559.5M
YoY Change -0.07% -0.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.8M $101.6M
Total Long-Term Liabilities $560.0M $559.5M
Total Liabilities $759.2M $761.9M
YoY Change 0.64% 2.62%
SHAREHOLDERS EQUITY
Retained Earnings -$27.36M $10.77M
YoY Change -12.97% -123.0%
Common Stock $1.176B $1.174B
YoY Change 0.94% 1.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.127B $1.160B
YoY Change
Total Liabilities & Shareholders Equity $1.886B $1.922B
YoY Change -0.04% 3.51%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $20.15M $17.21M
YoY Change 30.95% 5.67%
Depreciation, Depletion And Amortization $35.06M $17.70M
YoY Change -3.47% 1.72%
Cash From Operating Activities $69.93M $46.43M
YoY Change 7.89% 67.24%
INVESTING ACTIVITIES
Capital Expenditures $6.174M -$6.953M
YoY Change -201.4% 8.88%
Acquisitions
YoY Change
Other Investing Activities -$1.896M $790.0K
YoY Change -95.41% 98.99%
Cash From Investing Activities -$8.070M -$6.163M
YoY Change -82.99% 2.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.33M -1.014M
YoY Change 11031.11% -71.0%
NET CHANGE
Cash From Operating Activities 69.93M 46.43M
Cash From Investing Activities -8.070M -6.163M
Cash From Financing Activities -58.33M -1.014M
Net Change In Cash 3.531M 39.25M
YoY Change -79.05% 114.78%
FREE CASH FLOW
Cash From Operating Activities $69.93M $46.43M
Capital Expenditures $6.174M -$6.953M
Free Cash Flow $63.75M $53.38M
YoY Change -10.09% 56.33%

Facts In Submission

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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5898000
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-116000
us-gaap Increase Decrease In Deferred Revenue
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73000
us-gaap Increase Decrease In Operating Lease Liability
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-773000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0
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IncreaseDecreaseInOtherOperatingLiabilities
1055000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
509000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-1195000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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256000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments For Proceeds From Short Term Investments
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us-gaap Payments For Proceeds From Short Term Investments
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
16320000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
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us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Proceeds From Issuance Initial Public Offering
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fa Payments Of Stock Option Call
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us-gaap Proceeds From Contributed Capital
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us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
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us-gaap Payments For Repurchase Of Equity
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PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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673000
us-gaap Repayments Of Long Term Capital Lease Obligations
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fa Payments On Deferred Purchase Agreements
PaymentsOnDeferredPurchaseAgreements
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fa Payments On Deferred Purchase Agreements
PaymentsOnDeferredPurchaseAgreements
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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187000
fa Net Settlement Of Share Based Compensation Plan Awards
NetSettlementOfShareBasedCompensationPlanAwards
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fa Net Settlement Of Share Based Compensation Plan Awards
NetSettlementOfShareBasedCompensationPlanAwards
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
292790000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152970000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
390400000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1859000
fa Offering Costs Included In Accounts Payable And Accrued Expenses And Other Current Liabilities
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CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
547000
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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fa Offering Costs Included In Accounts Payable And Accrued Expenses And Other Current Liabilities
OfferingCostsIncludedInAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities
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CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q2 fa Additional Paid In Capital Withheld For Tax Obligations And Net Settlement Of Stock Option Exercise
AdditionalPaidInCapitalWithheldForTaxObligationsAndNetSettlementOfStockOptionExercise
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q3 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
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CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1820000
CY2022Q3 fa Additional Paid In Capital Withheld For Tax Obligations And Net Settlement Of Stock Option Exercise
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CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10253000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2760000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2664000
CY2021Q2 fa Minority Interest Increase From Contributions By Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsByNoncontrollingInterestHolders
241000
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
313000
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1295000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
3770000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1099795000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1343000
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
187000
CY2021Q3 fa Additional Paid In Capital Withheld For Tax Obligations And Net Settlement Of Stock Option Exercise
AdditionalPaidInCapitalWithheldForTaxObligationsAndNetSettlementOfStockOptionExercise
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3059000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
16285000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:9.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:9.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> — The preparation of the condensed consolidated financial statements in accordance with 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 the reported amounts of revenues and expenses during the reported period. Changes in these estimates and assumptions may have a material impact on the condensed consolidated financial statements and accompanying notes.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:9.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Significant estimates, judgments, and assumptions, include, but are not limited to, the determination of the fair value and useful lives of assets acquired and liabilities assumed through business combinations, the impairment of long-lived assets, goodwill impairment, collectability of receivables, revenue recognition, capitalized software, assumptions used for purposes of determining share-based compensation and income tax liabilities and assets. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from these estimates.</span></p>
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2
CY2020 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12700000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
15000000.0
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17700000
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17400000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
51900000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
51400000
CY2021Q4 us-gaap Goodwill
Goodwill
793892000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9116000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-167000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-11267000
CY2022Q3 us-gaap Goodwill
Goodwill
791574000
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
608703000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
195219000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
413484000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
610550000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
146199000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
464351000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17000000.0
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55100000
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8532000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9879000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
556192000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
554845000
CY2020Q1 fa Description Of Borrowing Capacity Not Subject To Net Leverage Ratio Covenant
DescriptionOfBorrowingCapacityNotSubjectToNetLeverageRatioCovenant
In the event the Company’s outstanding indebtedness under the Successor Revolver exceeds 35% of the aggregate principal amount of the revolving commitments then in effect, it is required to maintain a consolidated first lien leverage ratio no greater than 7.75 to 1.00.
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-13900000
CY2021Q2 fa Accelerated Amortization Of Deferred Financing Costs
AcceleratedAmortizationOfDeferredFinancingCosts
3700000
fa Description Of Borrowing Capacity Not Subject To Net Leverage Ratio Covenant
DescriptionOfBorrowingCapacityNotSubjectToNetLeverageRatioCovenant
the Company had no outstanding amounts under the Successor Revolver, and therefore, was not subject to the consolidated first lien leverage ratio covenant and was compliant with all other covenants under the agreement.
CY2020Q1 us-gaap Derivative Floor Interest Rate
DerivativeFloorInterestRate
0.0048
CY2020Q1 us-gaap Derivative Cap Interest Rate
DerivativeCapInterestRate
0.0150
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
405000000.0
CY2024Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
300000000.0
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.281
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.278
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.173
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.753
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
13500000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
7400000
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
800000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
900000
CY2022Q1 fa Total Insurance Recoverable Asset
TotalInsuranceRecoverableAsset
2200000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1343000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5824000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4569000
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
36700000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y1M6D
CY2022Q3 fa Employee Stock Purchase Plan Expenses
EmployeeStockPurchasePlanExpenses
100000
fa Employee Stock Purchase Plan Expenses
EmployeeStockPurchasePlanExpenses
300000
CY2021Q2 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
1,300,000-for-one stock split
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q2 fa Common Stock Shares Authorized Pre Stock Split
CommonStockSharesAuthorizedPreStockSplit
10000
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
130000000
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
155697
CY2022Q3 fa Stock Repurchase Price Per Share
StockRepurchasePricePerShare
14.42
fa Stock Repurchase Price Per Share
StockRepurchasePricePerShare
14.42
CY2022Q3 fa Stock Repurchase Cost Total
StockRepurchaseCostTotal
2245000
fa Stock Repurchase Cost Total
StockRepurchaseCostTotal
2245000
CY2022Q3 fa Additional Associated Cost
AdditionalAssociatedCost
3000
fa Additional Associated Cost
AdditionalAssociatedCost
3000
CY2022Q3 fa Share Repurchase Cost Recorded To Accumulated Defecit
ShareRepurchaseCostRecordedToAccumulatedDefecit
2248000
fa Share Repurchase Cost Recorded To Accumulated Defecit
ShareRepurchaseCostRecordedToAccumulatedDefecit
2248000
CY2022Q3 fa Indemnity Liability
IndemnityLiability
4000000.0
CY2021Q4 fa Indemnity Liability
IndemnityLiability
7900000
CY2022Q1 fa Total Lability Settlement And Related To Administrative Fees
TotalLabilitySettlementAndRelatedToAdministrativeFees
5500000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5500000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9947000
CY2022Q3 us-gaap Lease Cost
LeaseCost
2049000
CY2022Q3 fa Lease Liability
LeaseLiability
15447000
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
308000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
7000
us-gaap Lease Cost
LeaseCost
6171000
CY2022Q3 fa Finance Lease Liability Current And Noncurrent
FinanceLeaseLiabilityCurrentAndNoncurrent
315000
CY2022Q3 fa Total Lease Liabilities
TotalLeaseLiabilities
15762000
fa Operating Cash Flows From Finance Leases
OperatingCashFlowsFromFinanceLeases
26000
fa Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
673000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19972000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14058000
CY2022Q3 fa Total Lease Assets
TotalLeaseAssets
14268000
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
214000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1895000
CY2022Q3 fa Lease Liability Payments Remainder Of Fiscal Year
LeaseLiabilityPaymentsRemainderOfFiscalYear
2109000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
106000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6041000
CY2022Q3 fa Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
6147000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5264000
CY2022Q3 fa Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
5264000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2032000
CY2022Q3 fa Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
2032000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1523000
CY2022Q3 fa Lease Liability Payments Due Year Five
LeaseLiabilityPaymentsDueYearFive
1523000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
383000
CY2022Q3 fa Lease Liability Payments Due After Year Five
LeaseLiabilityPaymentsDueAfterYearFive
383000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
320000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17138000
CY2022Q3 fa Lease Liability Payments Due
LeaseLiabilityPaymentsDue
17458000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
5000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1270000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
315000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
15868000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y7M6D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0484
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0541
us-gaap Operating Lease Payments
OperatingLeasePayments
5886000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
4817000
us-gaap Related Party Costs
RelatedPartyCosts
0
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.11
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.11
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.29
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.00
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.29
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.00
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
17209000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
16285000
us-gaap Net Income Loss
NetIncomeLoss
44458000
us-gaap Net Income Loss
NetIncomeLoss
666000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
150930340
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149943998
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
150740518
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137232289
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1426967
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2456421
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1634694
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
938199
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152357307
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152400419
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
152375212
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138170488
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2918315
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2614866
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
205986000
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
192867000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
597428000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
499763000

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