$MAX
MediaAlpha, Inc.

2022 Q2 Form 10-Q Financial Statement

#000181838322000119 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $103.4M $161.6M $157.4M
YoY Change -34.26% -15.05% 27.29%
Cost Of Revenue $87.93M $136.2M $132.3M
YoY Change -33.54% -16.81% 26.98%
Gross Profit $15.52M $25.40M $25.05M
YoY Change -38.02% -4.16% 28.96%
Gross Profit Margin 15.01% 15.72% 15.92%
Selling, General & Admin $20.27M $22.78M $19.31M
YoY Change 5.0% -25.55% 229.0%
% of Gross Profit 130.6% 89.7% 77.09%
Research & Development $5.661M $4.291M $3.840M
YoY Change 47.42% -38.7% 105.02%
% of Gross Profit 36.47% 16.9% 15.33%
Depreciation & Amortization $1.776M $843.0K $835.0K
YoY Change 112.69% -4.2% -52.01%
% of Gross Profit 11.44% 3.32% 3.33%
Operating Expenses $25.94M $27.07M $23.15M
YoY Change 12.04% -28.0% 199.01%
Operating Profit -$10.41M -$1.676M $1.899M
YoY Change -648.24% -84.94% -83.74%
Interest Expense $1.956M -$1.527M $2.237M
YoY Change -12.56% -50.74% 45.73%
% of Operating Profit 117.8%
Other Income/Expense, Net -$2.000M -$3.504M -$2.408M
YoY Change -16.94% 1068.0% 56.87%
Pretax Income -$12.41M -$6.707M -$509.0K
YoY Change 2338.31% -53.74% -105.02%
Income Tax $611.0K -$2.683M -$125.0K
% Of Pretax Income
Net Earnings -$9.139M -$1.845M -$207.0K
YoY Change 4314.98% -57.74%
Net Earnings / Revenue -8.83% -1.14% -0.13%
Basic Earnings Per Share -$0.22 -$0.01
Diluted Earnings Per Share -$0.22 -$46.31K -$0.01
COMMON SHARES
Basic Shares Outstanding 41.71M shares 37.67M shares
Diluted Shares Outstanding 41.71M shares 37.67M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.19M $50.56M $15.00M
YoY Change 134.63% 114.25% -43.18%
Cash & Equivalents $35.19M $50.56M $15.00M
Short-Term Investments
Other Short-Term Assets $6.359M $10.45M $5.457M
YoY Change 16.53% 30.6% 221.0%
Inventory
Prepaid Expenses
Receivables $38.86M $76.09M $74.29M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $80.41M $137.1M $94.74M
YoY Change -15.13% 7.28% 11.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.060M
YoY Change 51.43%
Goodwill $47.74M $18.40M $18.40M
YoY Change 159.42% 0.0%
Intangibles $36.33M $12.57M $14.06M
YoY Change 158.39% -19.19%
Long-Term Investments
YoY Change
Other Assets $18.40M $19.07M $15.90M
YoY Change 15.69% 12.38% 245.65%
Total Long-Term Assets $205.5M $152.7M $141.7M
YoY Change 45.04% 85.0% 178.31%
TOTAL ASSETS
Total Short-Term Assets $80.41M $137.1M $94.74M
Total Long-Term Assets $205.5M $152.7M $141.7M
Total Assets $285.9M $289.8M $236.4M
YoY Change 20.93% 37.78% 74.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.43M $61.77M $46.31M
YoY Change -27.8% -37.13% -29.41%
Accrued Expenses $13.20M $13.72M $7.472M
YoY Change 76.71% 48.99% 86.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.749M $8.730M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $55.39M $84.22M $53.78M
YoY Change 2.99% -21.63% -23.5%
LONG-TERM LIABILITIES
Long-Term Debt $198.7M $178.1M $183.3M
YoY Change 8.37% -2.52% 90.19%
Other Long-Term Liabilities $7.999M $4.058M $2.750M
YoY Change 190.87% 43.19% 450.0%
Total Long-Term Liabilities $206.7M $182.1M $186.1M
YoY Change 11.06% -1.82% 92.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.39M $84.22M $53.78M
Total Long-Term Liabilities $206.7M $182.1M $186.1M
Total Liabilities $345.4M $351.4M $315.6M
YoY Change 9.42% 11.39% 88.89%
SHAREHOLDERS EQUITY
Retained Earnings -$440.7M -$424.5M -$418.9M
YoY Change 5.21% 1.31%
Common Stock $443.5M $419.5M $397.7M
YoY Change 11.52% 9.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.437M -$4.337M -$20.57M
YoY Change
Total Liabilities & Shareholders Equity $285.9M $289.8M $236.4M
YoY Change 20.93% 37.78% 74.08%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income -$9.139M -$1.845M -$207.0K
YoY Change 4314.98% -57.74%
Depreciation, Depletion And Amortization $1.776M $843.0K $835.0K
YoY Change 112.69% -4.2% -52.01%
Cash From Operating Activities $11.80M $21.95M $3.560M
YoY Change 231.6% 81.21% -90.94%
INVESTING ACTIVITIES
Capital Expenditures -$39.00K -$82.00K -$400.0K
YoY Change -90.25% -41.43% 344.44%
Acquisitions
YoY Change
Other Investing Activities -$49.68M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$49.72M -$82.00K -$400.0K
YoY Change 12329.0% -41.43% -96.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.82M -600.0K -1.004M
YoY Change -1874.6% 42.86% -92.15%
NET CHANGE
Cash From Operating Activities 11.80M 21.95M 3.560M
Cash From Investing Activities -49.72M -82.00K -400.0K
Cash From Financing Activities 17.82M -600.0K -1.004M
Net Change In Cash -20.09M 21.26M 2.156M
YoY Change -1032.0% 84.1% -86.86%
FREE CASH FLOW
Cash From Operating Activities $11.80M $21.95M $3.560M
Capital Expenditures -$39.00K -$82.00K -$400.0K
Free Cash Flow $11.84M $22.03M $3.960M
YoY Change 199.09% 79.81% -89.94%

Facts In Submission

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MediaAlpha, Inc.
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ProfitLoss
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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VestingOfRestrictedStockUnits
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10603000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
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RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2021Q1 us-gaap Profit Loss
ProfitLoss
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EstablishmentOfLiabilitiesUnderTaxReceivableAgreementAndRelatedChangesToDeferredTaxAssetsAssociatedWithIncreasesInTaxBasis
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CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
CY2021Q2 max Vesting Of Restricted Stock Units
VestingOfRestrictedStockUnits
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11521000 usd
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RestrictedStockValueSharesIssuedNetOfTaxWithholdings
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CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
110000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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OperatingLeaseNoncashExpense
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OperatingLeaseNoncashExpense
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Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2360000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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AmortizationOfFinancingCosts
418000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
694000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
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us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
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IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4057000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2472000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-198000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-310000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
470000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
49677000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4750000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
3382000 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
590000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
110000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1786000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2174000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14492000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15370000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8554000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50564000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23554000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35194000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15000000 usd
us-gaap Interest Paid Net
InterestPaidNet
2865000 usd
us-gaap Interest Paid Net
InterestPaidNet
2644000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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max Adjustment Of Liabilities Under Tax Receivable Agreement
AdjustmentOfLiabilitiesUnderTaxReceivableAgreement
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AdjustmentOfLiabilitiesUnderTaxReceivableAgreement
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EstablishmentOfDeferredTaxAssets
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EstablishmentOfDeferredTaxAssets
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3641000 usd
max Fair Value Of Earnout Liability
FairValueOfEarnoutLiability
7007000 usd
max Fair Value Of Earnout Liability
FairValueOfEarnoutLiability
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us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<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%">Revisions to previously issued consolidated financial statements</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%">On December 31, 2021, the Company adopted ASU No. 2016-02, Leases (Topic 842) effective from January 1, 2021 using the optional transition approach by applying the new standard to all leases existing at the date of initial application and prior periods were not restated. In connection with the adoption, quarterly amounts presented in the Company's prior Form 10-Q were revised. The impact of the adjustments was immaterial to the Company's consolidated financial statements.</span></div>
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 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 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 one customer that accounted for approximately $13 million, or 13%, and $32 million, or 13%, of revenue for the three and six months ended June 30, 2022, respectively, compared with two customers that collectively accounted for approximately $45 million, or 28%, and $95 million, or 29%, of revenue for the three and six months ended June 30, 2021, respectively. The Company's largest customer accounted for approximately $5 million, or 13%, of total accounts receivable as of June 30, 2022, compared with approximately $7 million, or 10%, of total accounts receivable as of December 31, 2021.</span></div>The Company’s supplier concentration can expose the Company to business risks. For the three and six months ended June 30, 2022, the Company had one supplier that accounted for approximately $10 million, or 10%, and $24 million, or 10%, of total purchases, respectively, compared with no supplier that accounted for more than 10% of total purchases for the three and six months ended June 30, 2021. The Company's largest supplier accounted for approximately $6 million, or 18%, of total accounts payable as of June 30, 2022, compared with the Company's two largest suppliers that collectively accounted for approximately $21 million, or 34%, of total accounts payable as of December 31, 2021.
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
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us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
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RelatedPartyTransactionDueFromToRelatedParty
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RelatedPartyTransactionDueFromToRelatedParty
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330941000 usd
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Finitelived Intangible Assets Acquired1
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us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
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FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
16360000 usd
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FiniteLivedIntangibleAssetsNet
36327000 usd
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FiniteLivedIntangibleAssetsGross
26567000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14000000 usd
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FiniteLivedIntangibleAssetsNet
12567000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
47739000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
47739000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
18402000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
18402000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1700000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2021Q4 us-gaap Goodwill
Goodwill
18402000 usd
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FiniteLivedIntangibleAssetsNet
12567000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
18402000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15551000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
29337000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
26120000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2360000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2984000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
47739000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
36327000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
18402000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12567000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3396000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6917000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6427000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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5759000 usd
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5142000 usd
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8686000 usd
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FiniteLivedIntangibleAssetsNet
36327000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2811000 usd
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EmployeeRelatedLiabilitiesCurrent
5030000 usd
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AccruedOperatingExpensesCurrent
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AccruedOperatingExpensesCurrent
1103000 usd
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DeferredFinanceCostsNet
2815000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3201000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
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LongTermDebt
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CY2022Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
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DeferredFinanceCostsCurrentNet
770000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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InterestExpenseDebt
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CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
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us-gaap Interest Expense Debt
InterestExpenseDebt
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us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
200000 usd
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
700000 usd
CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1800000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
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CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.049
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4750000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9500000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
9500000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
9500000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
177000000 usd
CY2022Q2 max Long Term Debt Including Debt And Issuance Costs
LongTermDebtIncludingDebtAndIssuanceCosts
210250000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2815000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
207435000 usd
CY2021Q4 us-gaap Litigation Reserve
LitigationReserve
0 usd
CY2022Q2 us-gaap Litigation Reserve
LitigationReserve
0 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.083
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.687
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15843000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11521000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29616000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22123000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15843000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11521000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29616000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22123000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
321150 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
321150 shares
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3500000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3500000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12411000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-509000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-21116000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-712000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
611000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-125000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1754000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-489000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.049
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.083
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.687
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.049
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.083
CY2022Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
297747 shares
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
357944 shares
CY2022Q2 max Additional Deferred Tax Assets Investments
AdditionalDeferredTaxAssetsInvestments
1100000 usd
max Additional Deferred Tax Assets Investments
AdditionalDeferredTaxAssetsInvestments
1300000 usd
CY2022Q2 max Deferred Tax Assets Tax Basis Increases Generated From Expected Future Payments Under Tra
DeferredTaxAssetsTaxBasisIncreasesGeneratedFromExpectedFuturePaymentsUnderTRA
300000 usd
max Deferred Tax Assets Tax Basis Increases Generated From Expected Future Payments Under Tra
DeferredTaxAssetsTaxBasisIncreasesGeneratedFromExpectedFuturePaymentsUnderTRA
400000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-13022000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-384000 usd
us-gaap Profit Loss
ProfitLoss
-22870000 usd
us-gaap Profit Loss
ProfitLoss
-223000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3883000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-177000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-6655000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-301000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9139000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-207000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16215000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
78000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41705344 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41705344 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41279146 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41279146 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35414548 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25909665 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26716962 shares
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
357944 shares

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