2023 Q2 Form 10-Q Financial Statement
#000122075423000024 Filed on May 04, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
Revenue | $699.1M | $662.3M |
YoY Change | 11.28% | 15.29% |
Cost Of Revenue | $589.3M | $550.3M |
YoY Change | 16.86% | 19.8% |
Gross Profit | $109.9M | $112.0M |
YoY Change | -11.4% | -2.71% |
Gross Profit Margin | 15.71% | 16.92% |
Selling, General & Admin | $79.24M | $79.71M |
YoY Change | -0.22% | 3.78% |
% of Gross Profit | 72.13% | 71.15% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $25.91M | $5.792M |
YoY Change | 4.65% | 29.98% |
% of Gross Profit | 23.59% | 5.17% |
Operating Expenses | $105.1M | $655.7M |
YoY Change | -82.72% | 17.07% |
Operating Profit | $4.703M | $8.098M |
YoY Change | -79.68% | -45.56% |
Interest Expense | -$16.97M | -$15.96M |
YoY Change | 9.66% | 3.62% |
% of Operating Profit | -360.77% | -197.06% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$192.7M | -$7.860M |
YoY Change | -2611.47% | 1394.3% |
Income Tax | -$830.0K | -$1.873M |
% Of Pretax Income | ||
Net Earnings | -$190.9M | -$3.962M |
YoY Change | -5837.5% | -1345.91% |
Net Earnings / Revenue | -27.31% | -0.6% |
Basic Earnings Per Share | -$13.47 | -$0.28 |
Diluted Earnings Per Share | -$13.47 | -$0.28 |
COMMON SHARES | ||
Basic Shares Outstanding | 14.17M shares | 14.15M shares |
Diluted Shares Outstanding | 14.17M shares | 14.16M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $6.898M | $12.85M |
YoY Change | -92.16% | -93.38% |
Cash & Equivalents | $6.898M | $12.85M |
Short-Term Investments | ||
Other Short-Term Assets | $38.53M | $34.98M |
YoY Change | 44.0% | 5.43% |
Inventory | $1.449M | $1.416M |
Prepaid Expenses | ||
Receivables | $343.8M | $296.7M |
Other Receivables | $2.295M | $2.246M |
Total Short-Term Assets | $392.9M | $348.2M |
YoY Change | -0.72% | -31.59% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $118.2M | $116.6M |
YoY Change | 88.44% | 102.1% |
Goodwill | $785.6M | $968.7M |
YoY Change | -18.89% | 4.74% |
Intangibles | $38.83M | $43.25M |
YoY Change | -30.82% | -28.21% |
Long-Term Investments | $45.11M | $43.70M |
YoY Change | -43.86% | -47.56% |
Other Assets | $42.89M | $44.46M |
YoY Change | 36.74% | 76.25% |
Total Long-Term Assets | $1.392B | $1.593B |
YoY Change | -16.33% | -0.66% |
TOTAL ASSETS | ||
Total Short-Term Assets | $392.9M | $348.2M |
Total Long-Term Assets | $1.392B | $1.593B |
Total Assets | $1.785B | $1.942B |
YoY Change | -13.33% | -8.11% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $56.05M | $54.99M |
YoY Change | 427.65% | 44.51% |
Accrued Expenses | $241.6M | $133.0M |
YoY Change | 95.62% | -3.69% |
Deferred Revenue | $2.355M | $2.155M |
YoY Change | -1.09% | -61.84% |
Short-Term Debt | $126.5M | $15.00M |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $533.2M | $494.2M |
YoY Change | -3.65% | -19.38% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $981.5M | $980.4M |
YoY Change | 0.44% | 0.43% |
Other Long-Term Liabilities | $61.85M | $29.36M |
YoY Change | 102.0% | 24.4% |
Total Long-Term Liabilities | $1.043B | $1.010B |
YoY Change | 3307.82% | 4179.13% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $533.2M | $494.2M |
Total Long-Term Liabilities | $1.043B | $1.010B |
Total Liabilities | $1.624B | $1.590B |
YoY Change | -3.22% | -8.43% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$14.88M | $176.1M |
YoY Change | -106.91% | -17.01% |
Common Stock | $446.7M | $445.4M |
YoY Change | 2.43% | 2.71% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $161.4M | $351.1M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.785B | $1.942B |
YoY Change | -13.33% | -8.11% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$190.9M | -$3.962M |
YoY Change | -5837.5% | -1345.91% |
Depreciation, Depletion And Amortization | $25.91M | $5.792M |
YoY Change | 4.65% | 29.98% |
Cash From Operating Activities | -$108.2M | -$2.655M |
YoY Change | 505.79% | -103.84% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $8.945M | $13.32M |
YoY Change | -222.28% | 55.17% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | -100.0% | |
Cash From Investing Activities | -$8.945M | -$13.32M |
YoY Change | -89.62% | 55.17% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 111.3M | $14.38M |
YoY Change | -4640.82% | 2440.64% |
NET CHANGE | ||
Cash From Operating Activities | -108.2M | -$2.655M |
Cash From Investing Activities | -8.945M | -$13.32M |
Cash From Financing Activities | 111.3M | $14.38M |
Net Change In Cash | -5.914M | -$1.595M |
YoY Change | -94.45% | -102.61% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$108.2M | -$2.655M |
Capital Expenditures | $8.945M | $13.32M |
Free Cash Flow | -$117.2M | -$15.98M |
YoY Change | 1010.66% | -126.41% |
Facts In Submission
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---|---|---|---|---|
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2023 | |
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Q1 | |
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2023-03-31 | |
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ModivCare Inc. | |
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DE | |
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6900 E Layton Avenue | |
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12th Floor | |
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14023585 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14163511 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14123825 | shares |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-3962000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
318000 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
5792000 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
4456000 | usd |
CY2023Q1 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
19901000 | usd |
CY2022Q1 | us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
19490000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1124000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2049000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3624000 | usd |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-6587000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1278000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1008000 | usd |
CY2023Q1 | modv |
Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
|
4253000 | usd |
CY2022Q1 | modv |
Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
|
3004000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2810000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
671000 | usd |
CY2023Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
3547000 | usd |
CY2022Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
2884000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1730000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
42646000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1734000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-7298000 | usd |
CY2023Q1 | modv |
Increase Decrease In Contract Payables
IncreaseDecreaseInContractPayables
|
-6667000 | usd |
CY2022Q1 | modv |
Increase Decrease In Contract Payables
IncreaseDecreaseInContractPayables
|
34433000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2854000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
49289000 | usd |
CY2023Q1 | modv |
Increase Decrease In Accrued Transportation Costs
IncreaseDecreaseInAccruedTransportationCosts
|
-3125000 | usd |
CY2022Q1 | modv |
Increase Decrease In Accrued Transportation Costs
IncreaseDecreaseInAccruedTransportationCosts
|
3895000 | usd |
CY2023Q1 | modv |
Increase Decrease In Other Long Term Liabilities
IncreaseDecreaseInOtherLongTermLiabilities
|
-3538000 | usd |
CY2022Q1 | modv |
Increase Decrease In Other Long Term Liabilities
IncreaseDecreaseInOtherLongTermLiabilities
|
-727000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2655000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
71485000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
13320000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8584000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13320000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8584000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
15000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
0 | usd |
CY2023Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | usd |
CY2022Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2415000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd |
CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1138000 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
620000 | usd |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
572000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14380000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1849000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1595000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
61052000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14975000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
133422000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13380000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
194474000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1200000 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
551000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
429000 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
892000 | usd |
CY2023Q1 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
4453000 | usd |
CY2022Q1 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
1314000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
354556000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3962000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
1039000 | usd |
CY2023Q1 | modv |
Stock Issued During Period Value Performance Restricted Stock Award Gross
StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross
|
-620000 | usd |
CY2023Q1 | modv |
Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross
StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross
|
85000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
351098000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
373267000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
318000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
1963000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1138000 | usd |
CY2022Q1 | modv |
Stock Issued During Period Value Performance Restricted Stock Award Gross
StockIssuedDuringPeriodValuePerformanceRestrictedStockAwardGross
|
-572000 | usd |
CY2022Q1 | modv |
Stock Issued During Period Value Shares Issued For Bonus Settlement And Director Stipends Gross
StockIssuedDuringPeriodValueSharesIssuedForBonusSettlementAndDirectorStipendsGross
|
86000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
376200000 | usd |
CY2023Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
Reclassifications: Certain prior year amounts have been reclassified to conform to current year presentation. | |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including disclosure of contingencies, 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> | |
CY2023Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
500000 | usd |
CY2022Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
200000 | usd |
CY2023Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
1500000 | usd |
CY2022Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
500000 | usd |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
4 | segment |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
662306000 | usd |
CY2023Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
1464000 | usd |
CY2023Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
550266000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
79713000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
25693000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8098000 | usd |
CY2023Q1 | modv |
Equity Method Investment Gain Loss From Continuing Operations
EquityMethodInvestmentGainLossFromContinuingOperations
|
2025000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
43698000 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
968654000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
1941529000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
574475000 | usd |
CY2022Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
468000 | usd |
CY2022Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
459315000 | usd |
CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
76808000 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
23946000 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14874000 | usd |
CY2022Q1 | modv |
Equity Method Investment Gain Loss From Continuing Operations
EquityMethodInvestmentGainLossFromContinuingOperations
|
483000 | usd |
CY2022Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
83333000 | usd |
CY2022Q1 | us-gaap |
Goodwill
Goodwill
|
924787000 | usd |
CY2022Q1 | us-gaap |
Assets
Assets
|
2112984000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
662306000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
574475000 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
200926000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
225288000 | usd |
CY2023Q1 | modv |
Contract With Customer Asset Receivable Reconciliation
ContractWithCustomerAssetReceivableReconciliation
|
98024000 | usd |
CY2022Q4 | modv |
Contract With Customer Asset Receivable Reconciliation
ContractWithCustomerAssetReceivableReconciliation
|
71131000 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2205000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2078000 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
296745000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
294341000 | usd |
CY2022Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
187620000 | usd |
CY2022 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
194287000 | usd |
CY2023Q1 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
4324000 | usd |
CY2022Q4 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
427000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2155000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2202000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
194287000 | usd |
CY2023Q1 | modv |
Contract With Customer Liability Additional Amounts Recorded
ContractWithCustomerLiabilityAdditionalAmountsRecorded
|
24926000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
|
31593000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
187620000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
71558000 | usd |
CY2023Q1 | modv |
Contract With Customer Asset Additional Amounts Recorded
ContractWithCustomerAssetAdditionalAmountsRecorded
|
36712000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract
|
5922000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
102348000 | usd |
CY2023Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
5297000 | usd |
CY2022Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
7186000 | usd |
CY2023Q1 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
5231000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
5817000 | usd |
CY2023Q1 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
3513000 | usd |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
6334000 | usd |
CY2023Q1 | us-gaap |
Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
|
2919000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
|
3061000 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
1416000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
2041000 | usd |
CY2023Q1 | us-gaap |
Prepaid Rent
PrepaidRent
|
1290000 | usd |
CY2022Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
278000 | usd |
CY2023Q1 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
16194000 | usd |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
9615000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
35860000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
34332000 | usd |
CY2023Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
49466000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
47947000 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
24177000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
10643000 | usd |
CY2023Q1 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
19577000 | usd |
CY2022Q4 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
17836000 | usd |
CY2023Q1 | modv |
Accrued Operating Expense Current
AccruedOperatingExpenseCurrent
|
11229000 | usd |
CY2022Q4 | modv |
Accrued Operating Expense Current
AccruedOperatingExpenseCurrent
|
18432000 | usd |
CY2023Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
9143000 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
15574000 | usd |
CY2023Q1 | modv |
Accrued Union Pension Obligation Current
AccruedUnionPensionObligationCurrent
|
3548000 | usd |
CY2022Q4 | modv |
Accrued Union Pension Obligation Current
AccruedUnionPensionObligationCurrent
|
3665000 | usd |
CY2023Q1 | modv |
Accrued Government Grants Current
AccruedGovernmentGrantsCurrent
|
3464000 | usd |
CY2022Q4 | modv |
Accrued Government Grants Current
AccruedGovernmentGrantsCurrent
|
7367000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2155000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2202000 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
10219000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
12194000 | usd |
CY2023Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
132978000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
135860000 | usd |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y | |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3962000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
318000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14163511 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14023585 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14163511 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14123825 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.28 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.28 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.238 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.686 |