2023 Q2 Form 10-Q Financial Statement

#000183983923000051 Filed on May 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q2
Revenue $251.9M $229.5M
YoY Change 9.75% 31.77%
Cost Of Revenue $152.0M $153.0M
YoY Change -0.64% 33.01%
Gross Profit $99.93M $76.57M
YoY Change 30.51% 29.35%
Gross Profit Margin 39.67% 33.36%
Selling, General & Admin $48.92M $41.46M
YoY Change 18.01% -12.39%
% of Gross Profit 48.95% 54.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.180M $1.857M
YoY Change 17.39% 23.31%
% of Gross Profit 2.18% 2.43%
Operating Expenses $48.92M $41.46M
YoY Change 18.01% -13.64%
Operating Profit $51.01M $35.12M
YoY Change 45.27% 213.81%
Interest Expense $16.00M $8.775M
YoY Change 82.31% 17.38%
% of Operating Profit 31.36% 24.99%
Other Income/Expense, Net -$15.00K -$8.804M
YoY Change -99.83% 858.0%
Pretax Income $35.00M $26.31M
YoY Change 33.02% 2938.22%
Income Tax $9.017M $6.607M
% Of Pretax Income 25.76% 25.11%
Net Earnings $25.98M $19.70M
YoY Change 31.86% -1263.16%
Net Earnings / Revenue 10.31% 8.58%
Basic Earnings Per Share $0.18 $0.13
Diluted Earnings Per Share $0.18 $0.13
COMMON SHARES
Basic Shares Outstanding 146.7M shares 146.6M shares
Diluted Shares Outstanding 146.8M shares 146.8M shares

Balance Sheet

Concept 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.64M $26.63M
YoY Change 161.55% 74.17%
Cash & Equivalents $69.64M $26.63M
Short-Term Investments
Other Short-Term Assets $4.450M $2.922M
YoY Change 52.29% -89.33%
Inventory $64.77M $64.23M
Prepaid Expenses $8.354M $12.26M
Receivables $149.8M $118.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $338.0M $255.1M
YoY Change 32.5% 60.91%
LONG-TERM ASSETS
Property, Plant & Equipment $46.01M $42.58M
YoY Change 8.03% 34.41%
Goodwill $368.4M $369.3M
YoY Change -0.25%
Intangibles $397.3M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.740M $1.855M
YoY Change -6.2% -97.69%
Total Long-Term Assets $903.9M $943.6M
YoY Change -4.21% 22.21%
TOTAL ASSETS
Total Short-Term Assets $338.0M $255.1M
Total Long-Term Assets $903.9M $943.6M
Total Assets $1.242B $1.199B
YoY Change 3.6% 28.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.55M $65.34M
YoY Change -10.39% 44.18%
Accrued Expenses $60.05M $59.07M
YoY Change 1.66% 22.15%
Deferred Revenue $18.31M $28.05M
YoY Change -34.73%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.649M $8.215M
YoY Change 5.28% 29.45%
Total Short-Term Liabilities $146.9M $167.5M
YoY Change -12.3% 37.69%
LONG-TERM LIABILITIES
Long-Term Debt $649.8M $703.0M
YoY Change -7.57% 26.09%
Other Long-Term Liabilities $39.70M $39.26M
YoY Change 1.13% -6.44%
Total Long-Term Liabilities $689.5M $742.3M
YoY Change -7.11% 23.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $146.9M $167.5M
Total Long-Term Liabilities $689.5M $742.3M
Total Liabilities $838.3M $911.6M
YoY Change -8.04% 23.9%
SHAREHOLDERS EQUITY
Retained Earnings $124.1M $10.20M
YoY Change 1116.77%
Common Stock $283.8M $278.4M
YoY Change 1.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $403.6M $287.2M
YoY Change
Total Liabilities & Shareholders Equity $1.242B $1.199B
YoY Change 3.6% 28.8%

Cashflow Statement

Concept 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $25.98M $19.70M
YoY Change 31.86% -1263.16%
Depreciation, Depletion And Amortization $2.180M $1.857M
YoY Change 17.39% 23.31%
Cash From Operating Activities $50.25M $24.78M
YoY Change 102.79% -46.01%
INVESTING ACTIVITIES
Capital Expenditures $6.070M $2.880M
YoY Change 110.76% -172.13%
Acquisitions $1.002M $0.00
YoY Change
Other Investing Activities -$985.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$7.055M -$2.880M
YoY Change 144.97% -48.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$52.16M -$8.405M
YoY Change 520.56% -87.91%
NET CHANGE
Cash From Operating Activities $50.25M $24.78M
Cash From Investing Activities -$7.055M -$2.880M
Cash From Financing Activities -$52.16M -$8.405M
Net Change In Cash -$8.734M $13.43M
YoY Change -165.01% -145.96%
FREE CASH FLOW
Cash From Operating Activities $50.25M $24.78M
Capital Expenditures $6.070M $2.880M
Free Cash Flow $44.18M $21.90M
YoY Change 101.74% -56.11%

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IncomeLossFromEquityMethodInvestments
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CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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6168000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
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10375000 usd
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4847000 usd
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4647000 usd
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1402000 usd
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CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
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2880000 usd
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PaymentsToAcquireBusinessesNetOfCashAcquired
1002000 usd
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13434000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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78373000 usd
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13192000 usd
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69639000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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26626000 usd
CY2023Q2 us-gaap Interest Paid Net
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14513000 usd
CY2022Q2 us-gaap Interest Paid Net
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IncomeTaxesPaid
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CY2023Q2 us-gaap Operating Lease Payments
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CY2022Q2 us-gaap Operating Lease Payments
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CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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183000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023Q2 us-gaap Nature Of Operations
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Nature of Operations<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Janus International Group, Inc. is a holding company incorporated in Delaware. References to “Janus,” “Group,” “Company,” “we,” “our” or “us” refer to Janus International Group, Inc. and its consolidated subsidiaries. The Company is a global manufacturer, supplier, and provider of turn-key self-storage, commercial, and industrial building solutions. The Company provides facility and door automation and access control technologies, roll up and swing doors, hallway systems, and relocatable storage “MASS” (Moveable Additional Storage Structures) units, among other solutions, and works with its customers throughout every phase of a project by providing solutions spanning from facility planning and design, construction, technology, and the restoration, rebuilding, and replacement (“R3”) of damaged or end-of-life products. </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company is headquartered in Temple, Georgia, and has domestic operations in Georgia, Texas, Arizona, Indiana, North Carolina, with international operations in United Kingdom, Australia, and Singapore. The Company provides products and services through its two operating and reportable segments which are based on the geographic region of its operations: (i) Janus North America and (ii) Janus International. The Janus International segment is comprised of Janus International Europe Holdings Ltd. (UK) (“JIE”), whose production and sales are largely in Europe and Australia. The Janus North America segment is comprised of all the other entities including Janus Core together with each of its operating subsidiaries, Betco, Inc. (“BETCO”), Nokē, Inc. (“NOKE”), Asta Industries, Inc. (“ASTA”), Access Control Technologies, LLC (“ACT”), Janus Door, LLC and Steel Door Depot.com, LLC. The Company’s common stock is currently traded on the New York Stock Exchange under the symbol “JBI”. </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The dollar amounts in the notes are shown in thousands of dollars, unless otherwise noted, and rounded to the nearest thousand except for share and per share amounts. </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Assets held at foreign locations were approximately $65,406 and $61,144 as of April 1, 2023 and December 31, 2022, respectively. Revenues earned at foreign locations totaled approximately $21,572 and $17,914 for the three months ended April 1, 2023 and April 2, 2022, respectively.</span></div>
CY2023Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q2 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationOn the Condensed Consolidated Statements of Operations and Comprehensive Income, the Company bifurcated the prior year “Cost of Sales” account between “Product cost of revenues” and “Service cost of revenues” to conform to the current year presentation.
CY2023Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;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:9pt;font-weight:400;line-height:120%">The preparation of Unaudited Condensed Consolidated 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Significant items subject to such estimates and assumptions include, but are not limited to, income taxes and the effective tax rates, reserves</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for inventory obsolescence, the recognition and valuation of unit-based compensation arrangements, the useful lives of property and equipment, estimated progress toward completion for certain revenue contracts, allowances for uncollectible receivable balances, fair values and impairment of intangible assets and goodwill and assumptions used in the recognition of contract assets.</span></div>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4549000 usd
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
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AllowanceForDoubtfulAccountsReceivable
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AllowanceForDoubtfulAccountsReceivable
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CY2022Q1 us-gaap Standard Product Warranty Accrual
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325000 usd
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CY2023Q2 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial instruments that are potentially subject to concentration of credit risk consist primarily of cash and accounts receivable. The Company maintains cash in bank deposit accounts that, at times, may exceed the insured limits of the local country. The Company has not experienced any losses in such accounts. The Company sells its products and services mainly in the United States and European regions. The Company performs ongoing evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. The Company generally does not require its customers to provide collateral or other security to support accounts receivable. As of April 1, 2023 and December 31, 2022, no customer accounted for more than 10% of the accounts receivable balance.</span></div>
CY2023Q2 us-gaap Number Of Operating Segments
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2 segment
CY2023Q2 us-gaap Number Of Reportable Segments
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27073000 usd
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46005000 usd
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42083000 usd
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577728000 usd
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CY2023Q2 us-gaap Goodwill
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3594000 usd
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34999000 usd
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CY2023Q2 jbi Accrued Freight Current
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1002000 usd
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2044000 usd
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1043000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2023Q2 us-gaap Long Term Debt Noncurrent
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CY2023Q2 us-gaap Letters Of Credit Outstanding Amount
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CY2023Q2 jbi Leases Right Of Use Asset
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43961000 usd
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44305000 usd
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5375000 usd
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5310000 usd
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581000 usd
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280000 usd
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1463000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
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763000 usd
CY2023Q2 jbi Lease Liability
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47087000 usd
CY2022Q4 jbi Lease Liability
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47260000 usd
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P3Y3M3D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M13D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.071
CY2023Q2 us-gaap Operating Lease Cost
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2146000 usd
CY2022Q2 us-gaap Operating Lease Cost
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1986000 usd
CY2023Q2 us-gaap Short Term Lease Cost
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CY2022Q2 us-gaap Short Term Lease Cost
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60000 usd
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124000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
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17000 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
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30000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
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3000 usd
CY2023Q2 us-gaap Lease Cost
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2300000 usd
CY2022Q2 us-gaap Lease Cost
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2066000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P9Y6M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M28D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.071
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.080
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.066
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6254000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7513000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6649000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6074000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5304000 usd
CY2023Q2 jbi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
31866000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63660000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
18617000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
45043000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6607000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
539000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
718000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
718000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
246000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
92000 usd
CY2023Q2 jbi Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
13000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2326000 usd
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
282000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2044000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9017000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26311000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.258
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.251
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
700729 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.5
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y9M18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
200 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
18796 shares
CY2023Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.3
CY2023Q2 jbi Share Based Compensation Arrangement By Share Based Payment Award Options Granted Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
P10Y
CY2023Q2 jbi Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedNumberOfShares
0 shares
CY2023Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
113252 shares
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
4.5
CY2023Q2 jbi Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageRemainingContractualTerm
P9Y
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2023Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
606273 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.5
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y1M6D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
113252 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.5
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9Y
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2544000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25982000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
25982000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19704000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19704000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146703894 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146561717 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
48007 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
271172 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146751901 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146832889 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
39251000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
40992000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
21445000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18311000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11948000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8814000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251904000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229520000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251904000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229520000 usd
CY2023Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251904000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229520000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
51012000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
35115000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
2180000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
1857000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7416000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7225000 usd
CY2023Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6070000 usd
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2880000 usd
CY2023Q2 us-gaap Assets
Assets
1241908000 usd
CY2022Q4 us-gaap Assets
Assets
1270618000 usd
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
590000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
103000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2023Q2 us-gaap Restructuring Charges
RestructuringCharges
590000 usd
CY2023Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
497000 usd
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
93000 usd

Files In Submission

Name View Source Status
jbi-20230401_pre.xml Edgar Link unprocessable
0001839839-23-000051-index-headers.html Edgar Link pending
0001839839-23-000051-index.html Edgar Link pending
0001839839-23-000051.txt Edgar Link pending
0001839839-23-000051-xbrl.zip Edgar Link pending
exhibit3101-section302cert.htm Edgar Link pending
exhibit3102-section302cert.htm Edgar Link pending
exhibit3201-section906cert.htm Edgar Link pending
exhibit3202-section906cert.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
jbi-20230401.htm Edgar Link pending
jbi-20230401.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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jbi-20230401_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
jbi-20230401_cal.xml Edgar Link unprocessable
jbi-20230401_lab.xml Edgar Link unprocessable
jbi-20230401_htm.xml Edgar Link completed
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