$FWRG
First Watch Restaurant Group, Inc.

2022 Q1 Form 10-Q Financial Statement

#000178994022000055 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $173.1M $127.2M
YoY Change 36.13%
Cost Of Revenue $66.72M
YoY Change
Gross Profit $106.4M
YoY Change
Gross Profit Margin 61.46%
Selling, General & Admin $89.49M
YoY Change
% of Gross Profit 84.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.223M
YoY Change
% of Gross Profit 7.73%
Operating Expenses $97.71M
YoY Change
Operating Profit $7.760M $3.845M
YoY Change 101.82%
Interest Expense $1.006M $6.316M
YoY Change -84.07%
% of Operating Profit 12.96% 164.27%
Other Income/Expense, Net $163.0K $254.0K
YoY Change -35.83%
Pretax Income $6.917M -$2.217M
YoY Change -412.0%
Income Tax $2.277M -$175.0K
% Of Pretax Income 32.92%
Net Earnings $4.640M -$2.042M
YoY Change -327.23%
Net Earnings / Revenue 2.68% -1.61%
Basic Earnings Per Share $0.08 -$0.05
Diluted Earnings Per Share $0.08 -$0.05
COMMON SHARES
Basic Shares Outstanding 59.05M shares 45.01M shares
Diluted Shares Outstanding 59.98M shares 45.01M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.52M
YoY Change
Cash & Equivalents $46.52M $33.48M
Short-Term Investments
Other Short-Term Assets $1.410M
YoY Change
Inventory $3.726M
Prepaid Expenses $6.316M
Receivables $3.027M
Other Receivables $0.00
Total Short-Term Assets $61.25M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $498.7M
YoY Change
Goodwill $345.2M
YoY Change
Intangibles $142.9M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.320M
YoY Change
Total Long-Term Assets $988.1M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $61.25M
Total Long-Term Assets $988.1M
Total Assets $1.049B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.965M
YoY Change
Accrued Expenses $17.54M
YoY Change
Deferred Revenue $3.002M
YoY Change
Short-Term Debt $1.307M
YoY Change
Long-Term Debt Due $3.783M
YoY Change
Total Short-Term Liabilities $83.25M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $98.45M
YoY Change
Other Long-Term Liabilities $3.278M
YoY Change
Total Long-Term Liabilities $3.278M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $83.25M
Total Long-Term Liabilities $3.278M
Total Liabilities $538.0M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$100.4M
YoY Change
Common Stock $590.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $511.4M $319.0M
YoY Change
Total Liabilities & Shareholders Equity $1.049B
YoY Change

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $4.640M -$2.042M
YoY Change -327.23%
Depreciation, Depletion And Amortization $8.223M
YoY Change
Cash From Operating Activities $7.989M $5.829M
YoY Change 37.06%
INVESTING ACTIVITIES
Capital Expenditures $11.36M $10.51M
YoY Change 8.07%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$11.46M -$10.59M
YoY Change 8.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.874M -$852.0K
YoY Change 119.95%
NET CHANGE
Cash From Operating Activities $7.989M $5.829M
Cash From Investing Activities -$11.46M -$10.59M
Cash From Financing Activities -$1.874M -$852.0K
Net Change In Cash -$5.343M -$5.616M
YoY Change -4.86%
FREE CASH FLOW
Cash From Operating Activities $7.989M $5.829M
Capital Expenditures $11.36M $10.51M
Free Cash Flow -$3.368M -$4.680M
YoY Change -28.03%

Facts In Submission

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CY2022Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-9230000 USD
CY2021Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2013000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1602000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1339000 USD
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2482000 USD
CY2021Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2864000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7989000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5829000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11357000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10509000 USD
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
101000 USD
CY2021Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
84000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11458000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10593000 USD
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1045000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
751000 USD
CY2021Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
852000 USD
CY2022Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
78000 USD
CY2021Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1874000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-852000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5343000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5616000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52115000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39097000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46772000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33481000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
952000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
4956000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-70000 USD
CY2022Q1 fwrg Interest Converted To Long Term Debt
InterestConvertedToLongTermDebt
0 USD
CY2021Q1 fwrg Interest Converted To Long Term Debt
InterestConvertedToLongTermDebt
1104000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10330000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5158000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
27000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
93000 USD
CY2022Q1 fwrg Remeasurements Of Operating Lease Assets And Lease Liabilities
RemeasurementsOfOperatingLeaseAssetsAndLeaseLiabilities
-380000 USD
CY2021Q1 fwrg Remeasurements Of Operating Lease Assets And Lease Liabilities
RemeasurementsOfOperatingLeaseAssetsAndLeaseLiabilities
-750000 USD
CY2022Q1 fwrg Remeasurements Of Finance Lease Assets And Lease Liabilities
RemeasurementsOfFinanceLeaseAssetsAndLeaseLiabilities
-91000 USD
CY2021Q1 fwrg Remeasurements Of Finance Lease Assets And Lease Liabilities
RemeasurementsOfFinanceLeaseAssetsAndLeaseLiabilities
0 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
350000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
93000 USD
CY2022Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
28 state
CY2022Q1 us-gaap Fiscal Period
FiscalPeriod
The Company reports financial information on a 52- or 53-week fiscal year ending on the last Sunday of each calendar year. The Company’s fiscal quarters are comprised of 13 weeks each, except for fiscal years consisting of 53 weeks for which the fourth quarter will consist of 14 weeks, and end on the 13th Sunday of each quarter (14th Sunday of the fourth quarter, when applicable). The quarters ended March 27, 2022 and March 28, 2021 were both 13-week periods.
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the unaudited interim 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 unaudited interim consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates and such differences could be material.</span></div>
CY2022Q1 fwrg Contract With Customer Liability Franchise Fee Revenue Noncurrent
ContractWithCustomerLiabilityFranchiseFeeRevenueNoncurrent
2342000 USD
CY2022Q1 fwrg Contract With Customer Liability Gift Card Revenue Current
ContractWithCustomerLiabilityGiftCardRevenueCurrent
2752000 USD
CY2021Q4 fwrg Contract With Customer Liability Gift Card Revenue Current
ContractWithCustomerLiabilityGiftCardRevenueCurrent
4410000 USD
CY2022Q1 fwrg Contract With Customer Liability Franchise Fee Revenue Current
ContractWithCustomerLiabilityFranchiseFeeRevenueCurrent
250000 USD
CY2021Q4 fwrg Contract With Customer Liability Franchise Fee Revenue Current
ContractWithCustomerLiabilityFranchiseFeeRevenueCurrent
244000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3002000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
4654000 USD
CY2021Q4 fwrg Contract With Customer Liability Franchise Fee Revenue Noncurrent
ContractWithCustomerLiabilityFranchiseFeeRevenueNoncurrent
2292000 USD
CY2021Q4 fwrg Contract With Customer Liability Gift Card Revenue
ContractWithCustomerLiabilityGiftCardRevenue
4410000 USD
CY2020Q4 fwrg Contract With Customer Liability Gift Card Revenue
ContractWithCustomerLiabilityGiftCardRevenue
4024000 USD
CY2022Q1 fwrg Contract With Customer Liability Gift Card Revenue Cash Received
ContractWithCustomerLiabilityGiftCardRevenueCashReceived
1216000 USD
CY2021Q1 fwrg Contract With Customer Liability Gift Card Revenue Cash Received
ContractWithCustomerLiabilityGiftCardRevenueCashReceived
932000 USD
CY2022Q1 fwrg Contract With Customer Liability Gift Card Revenue Revenue Recognized
ContractWithCustomerLiabilityGiftCardRevenueRevenueRecognized
2590000 USD
CY2021Q1 fwrg Contract With Customer Liability Gift Card Revenue Revenue Recognized
ContractWithCustomerLiabilityGiftCardRevenueRevenueRecognized
2073000 USD
CY2022Q1 fwrg Contract With Customer Liability Gift Card Revenue Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityGiftCardRevenueCumulativeCatchUpAdjustmentToRevenueModificationOfContract
284000 USD
CY2021Q1 fwrg Contract With Customer Liability Gift Card Revenue Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityGiftCardRevenueCumulativeCatchUpAdjustmentToRevenueModificationOfContract
213000 USD
CY2022Q1 fwrg Contract With Customer Liability Gift Card Revenue
ContractWithCustomerLiabilityGiftCardRevenue
2752000 USD
CY2021Q1 fwrg Contract With Customer Liability Gift Card Revenue
ContractWithCustomerLiabilityGiftCardRevenue
2670000 USD
CY2021Q4 fwrg Contract With Customer Liability Franchise Fee Revenue
ContractWithCustomerLiabilityFranchiseFeeRevenue
2536000 USD
CY2020Q4 fwrg Contract With Customer Liability Franchise Fee Revenue
ContractWithCustomerLiabilityFranchiseFeeRevenue
2274000 USD
CY2022Q1 fwrg Contract With Customer Liability Franchise Fee Revenue Cash Received
ContractWithCustomerLiabilityFranchiseFeeRevenueCashReceived
120000 USD
CY2021Q1 fwrg Contract With Customer Liability Franchise Fee Revenue Cash Received
ContractWithCustomerLiabilityFranchiseFeeRevenueCashReceived
82000 USD
CY2022Q1 fwrg Contract With Customer Liability Franchise Fee Revenue Revenue Recognized
ContractWithCustomerLiabilityFranchiseFeeRevenueRevenueRecognized
64000 USD
CY2021Q1 fwrg Contract With Customer Liability Franchise Fee Revenue Revenue Recognized
ContractWithCustomerLiabilityFranchiseFeeRevenueRevenueRecognized
68000 USD
CY2022Q1 fwrg Contract With Customer Liability Franchise Fee Revenue
ContractWithCustomerLiabilityFranchiseFeeRevenue
2592000 USD
CY2021Q1 fwrg Contract With Customer Liability Franchise Fee Revenue
ContractWithCustomerLiabilityFranchiseFeeRevenue
2288000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
173112000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
127169000 USD
CY2022Q1 fwrg Accounts Receivable After Allowance For Credit Loss Third Party Delivery Providers Current
AccountsReceivableAfterAllowanceForCreditLossThirdPartyDeliveryProvidersCurrent
1260000 USD
CY2021Q4 fwrg Accounts Receivable After Allowance For Credit Loss Third Party Delivery Providers Current
AccountsReceivableAfterAllowanceForCreditLossThirdPartyDeliveryProvidersCurrent
1021000 USD
CY2022Q1 fwrg Accounts Receivable After Allowance For Credit Loss Franchise Receivables Current
AccountsReceivableAfterAllowanceForCreditLossFranchiseReceivablesCurrent
1033000 USD
CY2021Q4 fwrg Accounts Receivable After Allowance For Credit Loss Franchise Receivables Current
AccountsReceivableAfterAllowanceForCreditLossFranchiseReceivablesCurrent
927000 USD
CY2022Q1 fwrg Accounts Receivable After Allowance For Credit Loss Rebates Current
AccountsReceivableAfterAllowanceForCreditLossRebatesCurrent
334000 USD
CY2021Q4 fwrg Accounts Receivable After Allowance For Credit Loss Rebates Current
AccountsReceivableAfterAllowanceForCreditLossRebatesCurrent
428000 USD
CY2022Q1 fwrg Accounts Receivable After Allowance For Credit Loss Gift Card Sales Current
AccountsReceivableAfterAllowanceForCreditLossGiftCardSalesCurrent
337000 USD
CY2021Q4 fwrg Accounts Receivable After Allowance For Credit Loss Gift Card Sales Current
AccountsReceivableAfterAllowanceForCreditLossGiftCardSalesCurrent
1453000 USD
CY2022Q1 fwrg Accounts Receivable After Allowance For Credit Loss Other Current
AccountsReceivableAfterAllowanceForCreditLossOtherCurrent
63000 USD
CY2021Q4 fwrg Accounts Receivable After Allowance For Credit Loss Other Current
AccountsReceivableAfterAllowanceForCreditLossOtherCurrent
621000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3027000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4450000 USD
CY2022Q1 us-gaap Construction Payable Current
ConstructionPayableCurrent
4095000 USD
CY2021Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
4445000 USD
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
4000000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3337000 USD
CY2022Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1611000 USD
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1353000 USD
CY2022Q1 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1188000 USD
CY2021Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1306000 USD
CY2022Q1 fwrg Accrued Credit Card Fees Current
AccruedCreditCardFeesCurrent
1069000 USD
CY2021Q4 fwrg Accrued Credit Card Fees Current
AccruedCreditCardFeesCurrent
940000 USD
CY2022Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
699000 USD
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
638000 USD
CY2022Q1 fwrg Accrued Liabilities Operating Leases Contingent Rentals Current
AccruedLiabilitiesOperatingLeasesContingentRentalsCurrent
654000 USD
CY2021Q4 fwrg Accrued Liabilities Operating Leases Contingent Rentals Current
AccruedLiabilitiesOperatingLeasesContingentRentalsCurrent
628000 USD
CY2022Q1 fwrg Accrued Common Area Maintenance Current
AccruedCommonAreaMaintenanceCurrent
514000 USD
CY2021Q4 fwrg Accrued Common Area Maintenance Current
AccruedCommonAreaMaintenanceCurrent
482000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3705000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2760000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
17535000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
15889000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
331109000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
324995000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1707000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1892000 USD
CY2022Q1 fwrg Lease Right Of Use Asset
LeaseRightOfUseAsset
332816000 USD
CY2021Q4 fwrg Lease Right Of Use Asset
LeaseRightOfUseAsset
326887000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
37689000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38186000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
338460000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
330495000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
658000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
686000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1169000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1331000 USD
CY2022Q1 fwrg Lease Liability
LeaseLiability
377976000 USD
CY2021Q4 fwrg Lease Liability
LeaseLiability
370698000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
12046000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
10852000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3399000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2946000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
135000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
131000 USD
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
37000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
46000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
15617000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
13975000 USD
CY2022Q1 fwrg Operating Leases Contingent Rentals
OperatingLeasesContingentRentals
400000 USD
CY2021Q1 fwrg Operating Leases Contingent Rentals
OperatingLeasesContingentRentals
100000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
10630000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
10637000 USD
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
37000 USD
CY2021Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
46000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
126000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
116000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y2M12D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y1M6D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.089
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.091
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.078
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.080
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
29861000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
523000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
43628000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
642000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
46036000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
642000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
46119000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
218000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
46019000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
28000 USD
CY2022Q1 fwrg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
502974000 USD
CY2022Q1 fwrg Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
20000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
714637000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2073000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
338488000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
246000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
376149000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
6.38
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1827000 USD
CY2022Q1 fwrg Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
48000000 USD
CY2022Q1 fwrg Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Excluding Shares Issued In Connection With Acquisition
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodExcludingSharesIssuedInConnectionWithAcquisition
999277 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3034795 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4409331 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.48
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
28598000 USD
CY2022Q1 fwrg Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Excluding Shares Issued In Connection With Acquisition
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodExcludingSharesIssuedInConnectionWithAcquisition
999277 shares
CY2022Q1 fwrg Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Excluding Shares Issued In Connection With Acquisition Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExcludingSharesIssuedInConnectionWithAcquisitionWeightedAverageExercisePrice
12.58
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
34660 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
12.68
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3575561 shares
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
6.99
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5373948 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.04
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13979000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1798387 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.01
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
6497000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2633391 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
7.03
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
999277 shares
CY2022Q1 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
6.76
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
22447 shares
CY2022Q1 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
3.13
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
34660 shares
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6917000 USD
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.524
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.026
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2300000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
17600000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.329
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.329
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.079
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2217000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2277000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-175000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.079
CY2022Q1 fwrg Effective Income Tax Rate Reconciliation At Federal Statutory And State And Local Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryAndStateAndLocalIncomeTaxRatePercent
0.250
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4640000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59048446 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45013784 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59983150 shares
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4640000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2042000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2042000 USD
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45013784 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2150374 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2645613 shares

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