$MAX
MediaAlpha, Inc.

2021 Q3 Form 10-Q Financial Statement

#000181838321000157 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $152.7M $190.2M $151.5M
YoY Change 0.79% 50.78% 37.28%
Cost Of Revenue $128.1M $163.7M $130.8M
YoY Change -2.1% 54.73% 41.13%
Gross Profit $24.67M $26.50M $20.72M
YoY Change 19.07% 29.9% 17.05%
Gross Profit Margin 16.15% 13.93% 13.67%
Selling, General & Admin $20.97M $30.60M $10.52M
YoY Change 99.31% 378.13% 64.39%
% of Gross Profit 85.0% 115.47% 50.78%
Research & Development $3.754M $7.000M $1.766M
YoY Change 112.57% 268.42% 10.38%
% of Gross Profit 15.22% 26.42% 8.52%
Depreciation & Amortization $845.0K $880.0K $870.0K
YoY Change -2.87% -67.88%
% of Gross Profit 3.43% 3.32% 4.2%
Operating Expenses $24.72M $37.60M $12.29M
YoY Change 101.21% 358.54% 53.59%
Operating Profit -$54.00K -$11.13M $8.431M
YoY Change -100.64% -191.66% -12.93%
Interest Expense $1.765M -$3.100M $1.594M
YoY Change 10.73% 72.22% -183.89%
% of Operating Profit 18.91%
Other Income/Expense, Net -$2.081M -$300.0K -$3.592M
YoY Change -42.07%
Pretax Income -$2.135M -$14.50M $4.839M
YoY Change -144.12% -239.42% -37.96%
Income Tax $2.125M -$1.300M $20.00K
% Of Pretax Income 0.41%
Net Earnings -$3.527M -$4.366M $0.00
YoY Change -142.07% -100.0%
Net Earnings / Revenue -2.31% -2.3% 0.0%
Basic Earnings Per Share -$0.09 $0.00
Diluted Earnings Per Share -$0.10 -$72.23K $0.00
COMMON SHARES
Basic Shares Outstanding 38.42M shares 0.000 shares
Diluted Shares Outstanding 61.19M shares 0.000 shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.30M $23.60M $12.00M
YoY Change 144.18%
Cash & Equivalents $29.30M $23.55M $12.01M
Short-Term Investments
Other Short-Term Assets $3.959M $8.000M $1.600M
YoY Change 147.44%
Inventory
Prepaid Expenses
Receivables $71.31M $96.30M $63.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $104.6M $127.8M $76.70M
YoY Change 36.33% 89.37%
LONG-TERM ASSETS
Property, Plant & Equipment $1.060M $762.0K $700.0K
YoY Change 51.43% 0.93%
Goodwill $18.40M $18.40M
YoY Change 0.0%
Intangibles $13.31M $15.55M
YoY Change -17.07%
Long-Term Investments
YoY Change
Other Assets $15.82M $16.97M $21.70M
YoY Change -27.1%
Total Long-Term Assets $140.9M $82.54M $57.10M
YoY Change 146.83% 117.73%
TOTAL ASSETS
Total Short-Term Assets $104.6M $127.8M $76.70M
Total Long-Term Assets $140.9M $82.54M $57.10M
Total Assets $245.5M $210.3M $133.8M
YoY Change 83.49% 99.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.21M $98.25M $61.70M
YoY Change -28.34% 142.86%
Accrued Expenses $7.437M $9.206M $9.869K
YoY Change 75257.18% 39.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.345M $0.00 $6.300M
YoY Change 0.71% -100.0%
Total Short-Term Liabilities $58.00M $107.5M $9.869K
YoY Change 587548.19% 124.28%
LONG-TERM LIABILITIES
Long-Term Debt $180.3M $182.7M $199.1M
YoY Change -9.47% 88.97%
Other Long-Term Liabilities $2.907M $2.834M $600.0K
YoY Change 384.5% 788.4%
Total Long-Term Liabilities $183.2M $185.5M $199.7M
YoY Change -8.28% 91.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $58.00M $107.5M $9.869K
Total Long-Term Liabilities $183.2M $185.5M $199.7M
Total Liabilities $318.4M $315.5M $9.869K
YoY Change 3226447.78% 117.71%
SHAREHOLDERS EQUITY
Retained Earnings -$422.6M -$419.0M -$9.869K
YoY Change 4282309.57% 116.92%
Common Stock $407.7M $384.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$14.28M -$33.77M -$9.869K
YoY Change
Total Liabilities & Shareholders Equity $245.5M $210.3M $133.8M
YoY Change 83.49% 99.57%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income -$3.527M -$4.366M $0.00
YoY Change -142.07% -100.0%
Depreciation, Depletion And Amortization $845.0K $880.0K $870.0K
YoY Change -2.87% -67.88%
Cash From Operating Activities $12.48M $12.11M $0.00
YoY Change 46.61%
INVESTING ACTIVITIES
Capital Expenditures -$98.00K -$140.0K -$70.00K
YoY Change 40.0% -30.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$98.00K -$140.0K -$70.00K
YoY Change 40.0% -30.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.923M -420.0K -14.38M
YoY Change -113.37% -96.75%
NET CHANGE
Cash From Operating Activities 12.48M 12.11M 0.000
Cash From Investing Activities -98.00K -140.0K -70.00K
Cash From Financing Activities 1.923M -420.0K -14.38M
Net Change In Cash 14.30M 11.55M 0.000
YoY Change -338.14%
FREE CASH FLOW
Cash From Operating Activities $12.48M $12.11M $0.00
Capital Expenditures -$98.00K -$140.0K -$70.00K
Free Cash Flow $12.57M $12.25M $70.00K
YoY Change 17862.86% 44.8%

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-4260000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-72921000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-113596000 USD
CY2020Q1 max Reclassifications Of Permanent To Temporary Equity
ReclassificationsOfPermanentToTemporaryEquity
20342000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1952000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1266000 USD
CY2020Q1 max Net Income Loss Including Portion Attributable To Noncontrolling Interest Prior To Reorganization Transactions
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestPriorToReorganizationTransactions
8835000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-125789000 USD
CY2020Q2 max Reclassifications Of Permanent To Temporary Equity
ReclassificationsOfPermanentToTemporaryEquity
86627000 USD
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
292000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
681000 USD
CY2020Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
10527000 USD
CY2020Q2 max Net Income Loss Including Portion Attributable To Noncontrolling Interest Prior To Reorganization Transactions
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestPriorToReorganizationTransactions
10146000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-212408000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
606000 USD
CY2020Q3 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
120697000 USD
CY2020Q3 max Net Income Loss Including Portion Attributable To Noncontrolling Interest Prior To Reorganization Transactions
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestPriorToReorganizationTransactions
4819000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-327680000 USD
us-gaap Profit Loss
ProfitLoss
-4451000 USD
us-gaap Profit Loss
ProfitLoss
23800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
33321000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1762000 USD
us-gaap Depreciation
Depreciation
272000 USD
us-gaap Depreciation
Depreciation
210000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2238000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2402000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
966000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
334000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1998000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
136000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
356000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1195000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-604000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-24854000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7428000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4191000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
147000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-391000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11665000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-54033000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21242000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1800000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6436000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6676000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39300000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
568000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
156000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
10000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-568000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10156000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
7500000 USD
max Repayments On Revolving Line Of Credit
RepaymentsOnRevolvingLineOfCredit
0 USD
max Repayments On Revolving Line Of Credit
RepaymentsOnRevolvingLineOfCredit
7500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
190000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
210000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
186375000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
100023000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
866000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4467000 USD
max Payments For Repurchase Of Class B Units At Qlh Up To Fair Value
PaymentsForRepurchaseOfClassBUnitsAtQLHUpToFairValue
0 USD
max Establishment Of Liabilities Under Tax Receivable Agreement
EstablishmentOfLiabilitiesUnderTaxReceivableAgreement
-55034000 USD
max Establishment Of Liabilities Under Tax Receivable Agreement
EstablishmentOfLiabilitiesUnderTaxReceivableAgreement
0 USD
max Establishment Of Deferred Tax Assets
EstablishmentOfDeferredTaxAssets
-61929000 USD
max Establishment Of Deferred Tax Assets
EstablishmentOfDeferredTaxAssets
0 USD
max Payments For Repurchase Of Class B Units At Qlh Up To Fair Value
PaymentsForRepurchaseOfClassBUnitsAtQLHUpToFairValue
1453000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
338000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
131224000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2782000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-361000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27167000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5747000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1977000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23554000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10028000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29301000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12005000 USD
us-gaap Interest Paid Net
InterestPaidNet
5567000 USD
us-gaap Interest Paid Net
InterestPaidNet
4503000 USD
max Redemption Of Class B Units In Excess Of Fair Value
RedemptionOfClassBUnitsInExcessOfFairValue
0 USD
max Redemption Of Class B Units In Excess Of Fair Value
RedemptionOfClassBUnitsInExcessOfFairValue
791000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of credit risk and of significant customers and suppliers</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains cash balances that can, at times, exceed amounts insured by the Federal Deposit Insurance Corporation. The Company has not experienced any losses in these accounts, and believes it is </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">not exposed to unusual credit risk beyond the normal credit risk in this area based on the financial strength of the institutions with which the Company maintains its deposits.</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's accounts receivable, which are unsecured, may expose it to credit risk based on their collectability. The Company controls credit risk by investigating the creditworthiness of all customers prior to establishing relationships with them, performing periodic reviews of the credit activities of those customers during the course of the business relationship, regularly analyzing the collectability of accounts receivable, and recording allowances for credit losses.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Customer concentrations consisted of two customers that accounted for approximately $46 million, or 30%, and $141 million, or 29%, of revenue for the three and nine months ended September 30, 2021, respectively, and one customer that accounted for approximately $46 million, or 30%, and $102 million, or 26%, of revenue for the three and nine months ended September 30, 2020, respectively. The Company's two largest customers accounted for approximately $20 million, or 28%, and $33 million, or 35%, of its accounts receivable as of September 30, 2021 and December 31, 2020, respectively.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s supplier concentration can expose the Company to business risks. For the three months ended September 30, 2021, the Company had one supplier that accounted for approximately $13 million, or 10%, of total purchases, and for the nine months ended September 30, 2021, the Company had no supplier that accounted for more than 10% of total purchases. For the three and nine months ended September 30, 2020, the Company had two suppliers that collectively accounted for approximately $34 million, or 25%, and $71 million, or 20%, of total purchases, respectively. The Company had one large supplier that accounted for approximately $7 million, or 16%, of total accounts payable as of September 30, 2021 and two large suppliers that collectively accounted for approximately $25 million, or 25%, of total accounts payable as of December 31, 2020.</span></div>
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
152749000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
151548000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
483690000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
394609000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
152749000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
151548000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
483690000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
394609000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2166000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1596000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1106000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
834000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1060000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
762000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
100000 USD
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
100000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
300000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
200000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26567000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13254000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13313000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26567000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11016000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15551000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2021Q3 us-gaap Goodwill
Goodwill
18402000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
18402000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
18402000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
18402000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingUnit
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
18402000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15551000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
18402000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18752000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2020 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2238000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3201000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
18402000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13313000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
18402000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15551000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
746000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2730000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2388000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2211000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2028000 USD
CY2021Q3 max Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
3210000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13313000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3610000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6686000 USD
CY2021Q3 max Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
2157000 USD
CY2020Q4 max Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
1545000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1670000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
975000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7437000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9206000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
186599000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
180254000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
182668000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3401000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3707000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
182668000 USD
CY2021Q3 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
780000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
6345000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9500000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
4800000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
100000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
9500000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
9500000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
9500000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
152000000 USD
CY2021Q3 max Long Term Debt Including Debt And Issuance Costs
LongTermDebtIncludingDebtAndIssuanceCosts
190000000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3401000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
186599000 USD
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
1800000 USD
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
1600000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
6300000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000 USD
CY2021Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
500000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
700000 USD
CY2021Q3 us-gaap Deferred Rent Credit
DeferredRentCredit
400000 USD
CY2020Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
400000 USD
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
200000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
600000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
500000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
209000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
936000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
904000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
908000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
936000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
874000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4767000 USD
CY2021Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
800000 USD
CY2021Q3 us-gaap Litigation Reserve
LitigationReserve
0 USD
CY2020Q4 us-gaap Litigation Reserve
LitigationReserve
0 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.995
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11198000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
606000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33321000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2553000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11198000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
606000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33321000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2553000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.581
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.004
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2021Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2135000 USD
CY2020Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4839000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2815000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
23820000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2125000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1636000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.995
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.004
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.581
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-4260000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.995
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.581
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q3 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
218997 shares
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
4714041 shares
CY2021Q3 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
48900000 USD
CY2021Q3 max Deferred Tax Assets Tax Basis Increases Generated From Expected Future Payments Under Tra
DeferredTaxAssetsTaxBasisIncreasesGeneratedFromExpectedFuturePaymentsUnderTRA
13000000 USD
us-gaap Profit Loss
ProfitLoss
-4451000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-733000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1021000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3527000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3430000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-4260000 USD
CY2021Q3 max Incremental Tax Benefits Related To Exchange Of Class B Unit
IncrementalTaxBenefitsRelatedToExchangeOfClassBUnit
-1662000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5922000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25760736 shares
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
4714041 shares

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