$PACK
Ranpak Holdings Corp.

2020 Q2 Form 10-Q Financial Statement

#000162828020010961 Filed on July 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $66.10M $40.30M
YoY Change 64.02% -38.19%
Cost Of Revenue $39.10M $23.20M
YoY Change 68.53% -37.47%
Gross Profit $27.00M $17.10M
YoY Change 57.89% -39.15%
Gross Profit Margin 40.85% 42.43%
Selling, General & Admin $20.70M $10.00M
YoY Change 107.0% -17.36%
% of Gross Profit 76.67% 58.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.900M $4.700M
YoY Change 68.09% -14.55%
% of Gross Profit 29.26% 27.49%
Operating Expenses $20.70M $10.00M
YoY Change 107.0% -17.36%
Operating Profit -$2.100M -$8.200M
YoY Change -74.39% -286.36%
Interest Expense $5.500M $8.000M
YoY Change -31.25% 2.56%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$9.000M -$14.80M
YoY Change -39.19% -628.57%
Income Tax -$500.0K -$2.400M
% Of Pretax Income
Net Earnings -$8.500M -$15.80M
YoY Change -46.2% -931.58%
Net Earnings / Revenue -12.86% -39.21%
Basic Earnings Per Share -$0.08 -$15.81K
Diluted Earnings Per Share -$0.12 -$0.23
COMMON SHARES
Basic Shares Outstanding 70.95M 995.0 shares
Diluted Shares Outstanding 70.95M 995.0 shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.60M $11.50M
YoY Change 96.52% 1816.67%
Cash & Equivalents $22.60M $11.50M
Short-Term Investments
Other Short-Term Assets $2.700M $2.800M
YoY Change -3.57% 1300.0%
Inventory $15.60M $14.10M
Prepaid Expenses
Receivables $38.30M
Other Receivables $7.000M
Total Short-Term Assets $86.20M $59.60M
YoY Change 44.63% 7350.0%
LONG-TERM ASSETS
Property, Plant & Equipment $125.4M $107.0M
YoY Change 17.2%
Goodwill $448.6M $0.00
YoY Change
Intangibles $444.4M $448.1M
YoY Change -0.83%
Long-Term Investments
YoY Change
Other Assets $3.500M $3.600M
YoY Change -2.78%
Total Long-Term Assets $1.022B $1.023B
YoY Change -0.09% 238.68%
TOTAL ASSETS
Total Short-Term Assets $86.20M $59.60M
Total Long-Term Assets $1.022B $1.023B
Total Assets $1.108B $1.082B
YoY Change 2.37% 257.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.50M $11.20M
YoY Change 100.89% 11100.0%
Accrued Expenses $16.50M $10.30M
YoY Change 60.19%
Deferred Revenue $2.000M $2.700M
YoY Change -25.93%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.600M $0.00
YoY Change
Total Short-Term Liabilities $43.00M $24.20M
YoY Change 77.69% 24100.0%
LONG-TERM LIABILITIES
Long-Term Debt $418.2M $526.7M
YoY Change -20.6%
Other Long-Term Liabilities $1.900M $2.900M
YoY Change -34.48% -72.38%
Total Long-Term Liabilities $420.1M $529.6M
YoY Change -20.68% 4943.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.00M $24.20M
Total Long-Term Liabilities $420.1M $529.6M
Total Liabilities $594.2M $671.7M
YoY Change -11.54% 5792.11%
SHAREHOLDERS EQUITY
Retained Earnings -$41.20M -$88.90M
YoY Change -53.66%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.500M
YoY Change
Treasury Stock Shares
Shareholders Equity $513.9M $173.4M
YoY Change
Total Liabilities & Shareholders Equity $1.108B $1.082B
YoY Change 2.37% 257.46%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$8.500M -$15.80M
YoY Change -46.2% -931.58%
Depreciation, Depletion And Amortization $7.900M $4.700M
YoY Change 68.09% -14.55%
Cash From Operating Activities $10.70M -$13.30M
YoY Change -180.45% -167.24%
INVESTING ACTIVITIES
Capital Expenditures $8.100M $2.700M
YoY Change 200.0% -82.47%
Acquisitions $944.8M
YoY Change
Other Investing Activities $0.00 -$944.8M
YoY Change -100.0% -414.93%
Cash From Investing Activities -$8.100M -$639.5M
YoY Change -98.73% -324.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$156.4M
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -300.0K $663.1M
YoY Change -100.05% -318.43%
NET CHANGE
Cash From Operating Activities 10.70M -$13.30M
Cash From Investing Activities -8.100M -$639.5M
Cash From Financing Activities -300.0K $663.1M
Net Change In Cash 2.300M $9.800M
YoY Change -76.53% 1125.0%
FREE CASH FLOW
Cash From Operating Activities $10.70M -$13.30M
Capital Expenditures $8.100M $2.700M
Free Cash Flow $2.600M -$16.00M
YoY Change -116.25% -465.3%

Facts In Submission

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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
200000 USD
CY2019Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
2600000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2300000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-3600000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
421300000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
531800000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2020Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
0 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2200000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-11800000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
518600000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2020Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
0 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2000000.0 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-8500000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1800000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
513900000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
196400000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-3200000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3400000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
189800000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-15800000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-600000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
173400000 USD
us-gaap Net Income Loss
NetIncomeLoss
-12100000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12400000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19000000.0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29600000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4700000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26600000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
700000 USD
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
200000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7500000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000000.0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000000.0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-900000 USD
CY2019Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-400000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7200000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2019Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-5400000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
200000 USD
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1700000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
2400000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
4200000 USD
CY2019Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
200000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
2600000 USD
CY2019Q2 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-300000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1800000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
5400000 USD
CY2019Q2 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1600000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1700000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4800000 USD
CY2019Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1100000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1300000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
300000 USD
CY2019Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
300000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2700000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
10200000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14500000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2800000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2100000 USD
CY2019Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
300000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7100000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-800000 USD
CY2019Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2000000.0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22300000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13300000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16700000 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
15100000 USD
CY2019Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
2500000 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
9900000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3100000 USD
CY2019Q2 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
200000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
600000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18200000 USD
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10500000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
944800000 USD
pack Proceeds From Cash Withdrawn From Trust Account
ProceedsFromCashWithdrawnFromTrustAccount
0 USD
CY2019Q2 pack Proceeds From Cash Withdrawn From Trust Account
ProceedsFromCashWithdrawnFromTrustAccount
308100000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
400000 USD
CY2019Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
100000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18600000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-639500000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10800000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-100000 USD
CY2019Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-500000 USD
CY2019Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
534600000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2019Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
314700000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
158300000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2019Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
12600000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
700000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14400000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2019Q2 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4000000.0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2019Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
11300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-700000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
663100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14400000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7300000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17500000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19700000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1700000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1200000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2900000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9800000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22600000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11500000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10200000 USD
us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Ranpak Holdings Corp. (formerly known as One Madison Corporation) is a leading provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. Through proprietary protective packaging systems and paper consumables, the Company offers a full suite of protective packaging solutions. The Company’s business is global, with a strong presence in the United States and Europe. Throughout this report, when we refer to "Ranpak," the "Company," "we," "our," or "us," we are referring to Ranpak Holdings Corp. and all of our subsidiaries, except where the context indicates otherwise. </span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">One Madison Corporation (“One Madison”) was originally formed as a blank check company incorporated on July 13, 2017 and was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. One Madison units, Class A ordinary shares originally sold as part of the units, and warrants originally sold as part of the units sold in the Company’s initial public offering on January 22, 2018 were listed in the New York Stock Exchange (the “NYSE”) under the symbols "OMAD.U", "OMAD" and "OMAD.WS", respectively. The Class A ordinary shares and warrants comprising the units began separately trading on February 26, 2018. Upon the closing of the business combination (the “Closing”) as described below, these shares and warrants that were converted as part of the transaction, began trading under the symbols "PACK" and "PACK WS", respectively.</span></div><div style="margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On June 3, 2019, the Company, consummated a business combination (the “Ranpak Business Combination”) pursuant to the Stock Purchase Agreement dated December 12, 2018 by and among the Company, Rack Holdings L.P., a Delaware limited partnership (“Seller”), and Rack Holdings, Inc., a Delaware corporation and a direct wholly owned subsidiary of Seller (“Rack Holdings”). The Company, through its wholly owned subsidiary, Ranger Packaging LLC (the “Acquiring Entity”), acquired all of the issued and outstanding equity interests of Rack Holdings from Seller, on the terms and subject to the conditions set forth in the Stock Purchase Agreement. Refer to Note 7, "</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Acquisition</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">" for further discussion of the Ranpak Business Combination. In connection with the Ranpak Business Combination, the Company domesticated to a Delaware corporation on May 31, 2019 and changed its name to Ranpak Holdings Corp.</span></div>
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15300000 USD
us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgb(255,255,255, 0.0);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><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">— </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and such differences could be material.</span>
CY2020Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
38700000 USD
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
36300000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 USD
CY2020Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
38300000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
36100000 USD
CY2020Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
10000000.0 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7200000 USD
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6300000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4700000 USD
CY2020Q2 us-gaap Inventory Gross
InventoryGross
16300000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
11900000 USD
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
700000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
300000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
15600000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
11600000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
155700000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
137800000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30300000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
1800000 USD
us-gaap Depreciation
Depreciation
15400000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
125400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
122500000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
7900000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
3700000 USD
us-gaap Depreciation
Depreciation
9600000 USD
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
5300000 USD
us-gaap Interest Paid Net
InterestPaidNet
11500000 USD
CY2019Q2 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2019Q2 us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2020Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
900000 USD
CY2020Q2 us-gaap Revenues
Revenues
66100000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1500000 USD
CY2019Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
200000 USD
CY2019Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
3500000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
4000000.0 USD
CY2020Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
100000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
300000 USD
CY2019Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2019Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
14400000 USD
us-gaap Revenues
Revenues
129500000 USD
CY2019Q2 us-gaap Revenues
Revenues
16300000 USD
CY2019Q2 us-gaap Revenues
Revenues
40300000 USD
us-gaap Revenues
Revenues
106400000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2500000 USD
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
1300000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1800000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2000000.0 USD
CY2020Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
9400000 USD
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
17900000 USD
CY2019Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
2500000 USD
CY2019Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
5400000 USD
CY2020Q2 us-gaap Revenues
Revenues
66100000 USD
us-gaap Revenues
Revenues
129500000 USD
CY2019Q2 us-gaap Revenues
Revenues
16300000 USD
CY2019Q2 us-gaap Revenues
Revenues
40300000 USD
us-gaap Revenues
Revenues
106400000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
448800000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-200000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
448600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
369000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
30600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
338400000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
369000000.0 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16400000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
352600000 USD
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
475000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
30600000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
444400000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
475000000.0 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16400000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
458600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
14300000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
28600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
28600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
28600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
28600000 USD
CY2020Q2 pack Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
209400000 USD
CY2020Q2 pack Finite Lived Intangible Assets Net Excluding In Process Rd
FiniteLivedIntangibleAssetsNetExcludingInProcessRD
338100000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14200000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17000000.0 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
419800000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
420400000 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1600000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1600000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
418200000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
418800000 USD
CY2020Q1 pack Debt Covenant Restrictive Payments
DebtCovenantRestrictivePayments
10000000 USD
CY2020Q1 pack Debt Covenant Threshold Percentageof Debt Capacityof Cash Contributions
DebtCovenantThresholdPercentageofDebtCapacityofCashContributions
0.10
CY2019Q4 pack Debt Covenant Restrictive Payments
DebtCovenantRestrictivePayments
7000000 USD
CY2019Q4 pack Debt Covenant Threshold Percentageof Debt Capacityof Cash Contributions
DebtCovenantThresholdPercentageofDebtCapacityofCashContributions
0.07
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-400000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
5500000 USD
us-gaap Interest Expense
InterestExpense
11700000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
8000000.0 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-2300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1100000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1100000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-10000000.0 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-7700000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-8900000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-2300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6600000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1700000 USD
CY2019Q4 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1700000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1400000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-300000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1700000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
3100000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-300000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3400000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-10000000.0 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.057
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.162
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.205
CY2020Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
500000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1000000.0 USD
CY2019Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
200000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
900000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
200000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2000000.0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4200000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
700000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
2500000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
4900000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
0 USD
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
426000000 shares
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q4 pack Stock Issued During Period Shares Subject To Earn Out
StockIssuedDuringPeriodSharesSubjectToEarnOut
6847836 shares
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
pack Classof Warrantor Right Threshold Numberof Days Afterthe Closingof Business Combinationto Exercise
ClassofWarrantorRightThresholdNumberofDaysAftertheClosingofBusinessCombinationtoExercise
P30D
CY2019Q2 pack Class Of Warrant Or Right Term Of Warrant
ClassOfWarrantOrRightTermOfWarrant
P5Y
CY2020Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
pack Classof Warrantor Right Threshold Numberof Daysof Prior Written Noticethat Warrants Maybe Calledfor Redemption
ClassofWarrantorRightThresholdNumberofDaysofPriorWrittenNoticethatWarrantsMaybeCalledforRedemption
P30D
CY2020Q2 pack Classof Warrantor Right Minimum Share Price Threshold
ClassofWarrantorRightMinimumSharePriceThreshold
18.00
pack Classof Warrantor Right Threshold Numberof Trading Days Price Must Remain Above Trigger Price
ClassofWarrantorRightThresholdNumberofTradingDaysPriceMustRemainAboveTriggerPrice
P20D
pack Classof Warrantor Right Trading Periodthat Price Must Remain Above Trigger Price
ClassofWarrantorRightTradingPeriodthatPriceMustRemainAboveTriggerPrice
P30D
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
71067752 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
70805034 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-8500000 USD
us-gaap Net Income Loss
NetIncomeLoss
-12100000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12400000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-15800000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19000000.0 USD
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-15807.96
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8500000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12100000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12400000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19000000.0 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70947868 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70898813 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53868925 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
995 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
995 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53868925 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
995 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70947868 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70898813 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
995 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-15807.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-19195.40
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-19195.40
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21294291 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20983252 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21264198 shares
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-7200000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16700000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14400000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14400000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-4000000.0 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23000000.0 USD
CY2019Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
291400000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-88900000 USD
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1500000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-27600000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
173400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-600000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16400000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12400000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14500000 USD
CY2019Q2 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
300000 USD
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1700000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13300000 USD
CY2019Q2 pack Proceeds From Cash Withdrawn From Trust Account
ProceedsFromCashWithdrawnFromTrustAccount
308100000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-639500000 USD
CY2019Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
534600000 USD
CY2019Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
314700000 USD
CY2019Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
11300000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
663100000 USD
CY2019Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-500000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9800000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1700000 USD
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1700000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14800000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2400000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-12400000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7600000 USD
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23
CY2019Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
443300000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2300000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-24300000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
421300000 USD

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