2021 Q4 Form 10-K Financial Statement

#000181940422000016 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $42.02M $140.7M $0.00
YoY Change 35.3%
Cost Of Revenue $13.36M $46.70M
YoY Change 34.06%
Gross Profit $28.66M $93.96M
YoY Change 35.92%
Gross Profit Margin 68.21% 66.8%
Selling, General & Admin $51.98M $187.4M
YoY Change 115.24%
% of Gross Profit 181.37% 199.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.628M $835.0K $3.060M
YoY Change -46.8% -8.94%
% of Gross Profit 5.68% 0.89%
Operating Expenses $55.22M $187.4M $1.376M
YoY Change 3913.05% 115.24%
Operating Profit -$26.57M -$96.45M
YoY Change 437.8%
Interest Expense $59.70M $3.791M -$31.92M
YoY Change -287.02% -22.7%
% of Operating Profit
Other Income/Expense, Net -$27.00K -$8.552M
YoY Change 368.86%
Pretax Income $33.11M -$30.64M -$33.30M
YoY Change -199.43% 24.23%
Income Tax $5.000K $40.00K
% Of Pretax Income 0.02%
Net Earnings $17.50M -$3.779M -$33.30M
YoY Change -152.55%
Net Earnings / Revenue 41.64% -2.69%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share $220.8K -$0.05 -$650.5K
COMMON SHARES
Basic Shares Outstanding 79.24M shares
Diluted Shares Outstanding 79.24M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.0M $144.0M $534.1K
YoY Change 26854.5% 26854.5%
Cash & Equivalents $144.0M $144.0M $29.27M
Short-Term Investments
Other Short-Term Assets $6.165M $6.165M $1.821M
YoY Change 238.55% 2118.5%
Inventory
Prepaid Expenses $3.590M $574.0K
Receivables $5.321M $5.321M $475.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $155.5M $155.5M $31.56M
YoY Change 392.54% 19044.32% 125676.11%
LONG-TERM ASSETS
Property, Plant & Equipment $10.72M $10.72M $10.30M
YoY Change 4.09% 4.09%
Goodwill $5.717M $5.717M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $450.0M
YoY Change
Other Assets $832.0K $832.0K $1.165M
YoY Change -28.58% -28.58%
Total Long-Term Assets $21.70M $21.70M $25.71M
YoY Change -15.63% -95.18%
TOTAL ASSETS
Total Short-Term Assets $155.5M $155.5M $31.56M
Total Long-Term Assets $21.70M $21.70M $25.71M
Total Assets $177.1M $177.1M $57.27M
YoY Change 209.29% -60.71% 228146.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.590M $3.590M $4.446M
YoY Change -19.25% -19.25%
Accrued Expenses $3.847M $533.9K
YoY Change 620.53% 6117.63%
Deferred Revenue $30.01M $17.27M
YoY Change 73.74%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $6.535M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $41.91M $41.91M $34.34M
YoY Change 22.04% -30.23% 399818.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $41.04M
YoY Change -100.0%
Other Long-Term Liabilities $39.43M $39.43M $1.554M
YoY Change 2437.39% 150.36%
Total Long-Term Liabilities $39.43M $39.43M $42.60M
YoY Change -7.43% 150.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.91M $41.91M $34.34M
Total Long-Term Liabilities $39.43M $39.43M $42.60M
Total Liabilities $81.34M $126.5M $76.94M
YoY Change 5.72% 66.82% 895893.94%
SHAREHOLDERS EQUITY
Retained Earnings -$439.7M -$412.4M
YoY Change 6.63% 4854891.76%
Common Stock $5.645M
YoY Change 24441.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $50.66M $50.66M -$398.5M
YoY Change
Total Liabilities & Shareholders Equity $177.1M $177.1M $57.27M
YoY Change 209.29% -60.71% 228146.92%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $17.50M -$3.779M -$33.30M
YoY Change -152.55%
Depreciation, Depletion And Amortization $1.628M $835.0K $3.060M
YoY Change -46.8% -8.94%
Cash From Operating Activities -$18.94M -$38.89M -$471.3K
YoY Change 3919.1% 484.48%
INVESTING ACTIVITIES
Capital Expenditures -$1.394M $5.163M $1.550M
YoY Change -189.94% 79.65%
Acquisitions
YoY Change
Other Investing Activities -$450.0M
YoY Change
Cash From Investing Activities -$1.394M -$5.163M -$450.0M
YoY Change -99.69% 79.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.44M $159.3M 450.9M
YoY Change -109.41% 1195.45%
NET CHANGE
Cash From Operating Activities -18.94M -$38.89M -471.3K
Cash From Investing Activities -1.394M -$5.163M -450.0M
Cash From Financing Activities -42.44M $159.3M 450.9M
Net Change In Cash -62.77M $115.2M 408.2K
YoY Change -15477.87% 4034.85%
FREE CASH FLOW
Cash From Operating Activities -$18.94M -$38.89M -$471.3K
Capital Expenditures -$1.394M $5.163M $1.550M
Free Cash Flow -$17.55M -$44.05M -$2.021M
YoY Change 768.15% 362.36%

Facts In Submission

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CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
4000 USD
CY2021 nrdy Reverse Recapitalization Costs Allocated To Warrants And Earnouts
ReverseRecapitalizationCostsAllocatedToWarrantsAndEarnouts
1604000 USD
CY2020 nrdy Reverse Recapitalization Costs Allocated To Warrants And Earnouts
ReverseRecapitalizationCostsAllocatedToWarrantsAndEarnouts
0 USD
CY2019 nrdy Reverse Recapitalization Costs Allocated To Warrants And Earnouts
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0 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
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4846000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
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-283000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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239000 USD
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2902000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
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-343000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
283000 USD
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
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-16000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
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-149000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
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-71000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
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-856000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
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2179000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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953000 USD
CY2021 us-gaap Increase Decrease In Other Current Liabilities
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1111000 USD
CY2020 us-gaap Increase Decrease In Other Current Liabilities
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2066000 USD
CY2019 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1401000 USD
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
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1554000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
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0 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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12735000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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2547000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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26000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 nrdy Proceeds From Reverse Recapitalization
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557574000 USD
CY2020 nrdy Proceeds From Reverse Recapitalization
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0 USD
CY2019 nrdy Proceeds From Reverse Recapitalization
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CY2021 nrdy Payments To Legacy Investors
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CY2020 nrdy Payments To Legacy Investors
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0 USD
CY2019 nrdy Payments To Legacy Investors
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CY2021 nrdy Payments Of Reverse Recapitalization Costs
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21638000 USD
CY2020 nrdy Payments Of Reverse Recapitalization Costs
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0 USD
CY2019 nrdy Payments Of Reverse Recapitalization Costs
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0 USD
CY2020 nrdy Net Income Loss Attributable To Legacy Investors Prior To Reverse Recapitalization
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-24663000 USD
CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Proceeds From Long Term Lines Of Credit
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11000000 USD
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
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4000000 USD
CY2019 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
35000000 USD
CY2021 us-gaap Proceeds From Notes Payable
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0 USD
CY2020 us-gaap Proceeds From Notes Payable
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8293000 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2021 us-gaap Repayments Of Debt
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50000000 USD
CY2020 us-gaap Repayments Of Debt
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0 USD
CY2019 us-gaap Repayments Of Debt
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0 USD
CY2021 us-gaap Repayments Of Other Debt
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0 USD
CY2020 us-gaap Repayments Of Other Debt
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0 USD
CY2019 us-gaap Repayments Of Other Debt
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10000000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Payments Of Debt Extinguishment Costs
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1607000 USD
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0 USD
CY2019 us-gaap Payments Of Debt Extinguishment Costs
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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12293000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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24387000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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21000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
115197000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2786000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1741000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30682000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27896000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26155000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
145879000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30682000 USD
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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27896000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
28000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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4148000 USD
CY2019 us-gaap Interest Paid Net
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1442000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019 nrdy Net Income Loss Attributable To Legacy Investors Prior To Reverse Recapitalization
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CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1747000 USD
CY2019 nrdy Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Not Of Tax Attributable To Legacy Investors Prior To Reverse Recapitalization
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNotOfTaxAttributableToLegacyInvestorsPriorToReverseRecapitalization
141000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 nrdy Net Income Loss Attributable To Legacy Investors Prior To Reverse Recapitalization
NetIncomeLossAttributableToLegacyInvestorsPriorToReverseRecapitalization
-24663000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1730000 USD
CY2020 nrdy Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Not Of Tax Attributable To Legacy Investors Prior To Reverse Recapitalization
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNotOfTaxAttributableToLegacyInvestorsPriorToReverseRecapitalization
120000 USD
CY2020 nrdy Temporary Equity Shares Redeemable Preferred Stock Value
TemporaryEquitySharesRedeemablePreferredStockValue
-219257000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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nrdy Net Income Loss Attributable To Legacy Investors Prior To Reverse Recapitalization
NetIncomeLossAttributableToLegacyInvestorsPriorToReverseRecapitalization
-23546000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1451000 USD
nrdy Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Not Of Tax Attributable To Legacy Investors Prior To Reverse Recapitalization
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNotOfTaxAttributableToLegacyInvestorsPriorToReverseRecapitalization
13000 USD
CY2021 nrdy Reverse Recapitalization Net
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470011000 USD
us-gaap Profit Loss
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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53509000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-39000 USD
nrdy Rebalancing Of Ownership Percentage Between Parent And Noncontrolling Interests
RebalancingOfOwnershipPercentageBetweenParentAndNoncontrollingInterests
0 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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95805000 USD
CY2021Q3 nrdy Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
30099000 USD
CY2021Q3 nrdy Class Of Warrant Or Right Redemption Threshold Trading Days
ClassOfWarrantOrRightRedemptionThresholdTradingDays
20 day
CY2021Q3 nrdy Class Of Warrant Or Right Redemption Threshold Consecutive Trading Days
ClassOfWarrantOrRightRedemptionThresholdConsecutiveTradingDays
30 day
CY2021Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2021Q4 nrdy Warrants Held By Nerdy Inc
WarrantsHeldByNerdyInc
22000 shares
CY2021Q4 nrdy Earnouts Held By Nerdy Inc
EarnoutsHeldByNerdyInc
36000 shares
CY2021 nrdy Net Income Loss Attributable To Legacy Investors Prior To Reverse Recapitalization
NetIncomeLossAttributableToLegacyInvestorsPriorToReverseRecapitalization
-23546000 USD
CY2019 nrdy Net Income Loss Attributable To Legacy Investors Prior To Reverse Recapitalization
NetIncomeLossAttributableToLegacyInvestorsPriorToReverseRecapitalization
-22439000 USD
CY2021Q4 nrdy Reverse Recapitalization Right To Appoint Number Of Directors
ReverseRecapitalizationRightToAppointNumberOfDirectors
3 director
CY2021Q4 nrdy Reverse Recapitalization Number Of Directors
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5 director
CY2021 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt"><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 style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities; the disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, assumptions, and judgments are used for, but not limited to: revenue recognition, stock-based compensation expense, the valuation of the Warrants, Earnouts, and the Founder’s Award (as defined in Note 18), useful lives assigned to long-lived assets and definite-lived intangibles for depreciation and amortization, impairment of goodwill, long-lived assets and definite-lived intangible assets, the valuation of acquired intangible assets, internal-use software, and website development costs. The Company bases its estimates on historical experience, knowledge of current business conditions, and various other factors it believes to be reasonable under the circumstances. These estimates are based on management’s knowledge about current events and expectations about actions the Company may undertake in the future. Actual results could differ from these estimates, and such differences could be material to its financial position and operating cash flows.</span></div>
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
16767000 USD
CY2019Q4 us-gaap Deferred Revenue
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3911000 USD
CY2021Q4 us-gaap Prepaid Expense Current
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3590000 USD
CY2020Q4 us-gaap Prepaid Expense Current
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574000 USD
CY2021Q4 us-gaap Goodwill
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5717000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
5717000 USD
CY2021 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P10Y
CY2021 us-gaap Advertising Expense
AdvertisingExpense
44393000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
29293000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
20550000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
337000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
138000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
269000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
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475000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
140664000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103968000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90452000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5321000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
30005000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
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17270000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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477000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
234000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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40000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
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40000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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0 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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40000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-7093000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.006
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1489000 USD
CY2021 nrdy Effective Income Tax Rate Reconciliation Deduction Partnership Outside Basis Adjustment Amount
EffectiveIncomeTaxRateReconciliationDeductionPartnershipOutsideBasisAdjustmentAmount
8827000 USD
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-797000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9812000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-190000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-63000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40000 USD
CY2021Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
54527000 USD
CY2021Q4 nrdy Deferred Tax Assets Liabilities Investments In Subsidiaries Net
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54527000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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5829000 USD
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5829000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
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127000 USD
CY2021Q4 nrdy Deferred Tax Asset Liabilities Other Net
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127000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
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60483000 USD
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60483000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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60483000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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60483000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
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0 USD
CY2021Q4 nrdy Deferred Tax Assets Liabilities Net Of Valuation Allowance
DeferredTaxAssetsLiabilitiesNetOfValuationAllowance
0 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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-3779000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3779000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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79236000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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79236000 shares
CY2021 us-gaap Earnings Per Share Diluted
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-0.05
CY2021 us-gaap Earnings Per Share Basic
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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143964000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29265000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25044000 USD
CY2021Q4 us-gaap Restricted Cash Current
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1083000 USD
CY2020Q4 us-gaap Restricted Cash Current
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270000 USD
CY2019Q4 us-gaap Restricted Cash Current
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412000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
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832000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1147000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2440000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
145879000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30682000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27896000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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28467000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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22838000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17749000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12541000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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10718000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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10297000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
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4485000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4080000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2885000 USD
CY2021 us-gaap Depreciation
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835000 USD
CY2020 us-gaap Depreciation
Depreciation
917000 USD
CY2019 us-gaap Depreciation
Depreciation
1071000 USD
CY2021Q4 nrdy Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Carrying Amount
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossCarryingAmount
252000 USD
CY2021Q4 nrdy Finite Lived Intangible Assets Foreign Currency Translation Gain Loss Accumulated Amortization
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossAccumulatedAmortization
-16000 USD
CY2021Q4 nrdy Finite Lived Intangible Assets Foreign Currency Translation Adjustment Gain Loss Net Amount
FiniteLivedIntangibleAssetsForeignCurrencyTranslationAdjustmentGainLossNetAmount
268000 USD
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295000 USD
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FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLossAccumulatedAmortization
34000 USD
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261000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6325000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1897000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4428000 USD
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FiniteLivedIntangibleAssetsGross
10667000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2133000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8534000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1069000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1046000 USD
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AmortizationOfIntangibleAssets
1053000 USD
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
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3009000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
632000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
632000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
632000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
632000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
632000 USD
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1037000 USD
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587000 USD
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589000 USD
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211000 USD
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688000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
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3626000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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3034000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7473000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6090000 USD
CY2019Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0 contract
CY2020Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0 contract
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
71041000 USD
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
841000 USD
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2021 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2020 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2019 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1749000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1599000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1250000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
632000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5230000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
981000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
1000000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
1019000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
516000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
0 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
0 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
3516000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
54960000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1730000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1747000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
146253000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y8M1D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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0 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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3799100 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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11.20
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
452000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.20
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
11.20
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3347100 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.20
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y8M19D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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0 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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3347100 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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11.20
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y8M19D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD

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