$PTLO
Portillo's Inc.

2021 Q4 Form 10-Q Financial Statement

#000187150921000009 Filed on November 18, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $138.9M $138.0M $140.7M
YoY Change 15.29%
Cost Of Revenue $45.30M $44.29M $42.16M
YoY Change 21.09%
Gross Profit $93.61M $93.72M $98.58M
YoY Change 12.74%
Gross Profit Margin 67.39% 67.91% 70.05%
Selling, General & Admin $94.86M $55.67M $53.76M
YoY Change 23.17%
% of Gross Profit 101.34% 59.4% 54.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.087M $5.516M $6.420M
YoY Change -17.69% -10.13% -47.68%
% of Gross Profit 5.43% 5.89% 6.51%
Operating Expenses $116.0M $76.64M $74.41M
YoY Change 19.13%
Operating Profit -$22.39M $17.21M $24.46M
YoY Change -8.78%
Interest Expense -$7.424M -$10.39M -$10.42M
YoY Change -2.39%
% of Operating Profit -60.36% -42.59%
Other Income/Expense, Net
YoY Change
Pretax Income -$37.35M $6.531M $13.75M
YoY Change -19.41%
Income Tax -$3.531M $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings -$14.41M $6.531M $8.172M
YoY Change -19.41%
Net Earnings / Revenue -10.38% 4.73% 5.81%
Basic Earnings Per Share $0.01 $0.16
Diluted Earnings Per Share -$402.5K $0.01 $0.16
COMMON SHARES
Basic Shares Outstanding 35.81M shares 51.21M shares 51.20M shares
Diluted Shares Outstanding 51.58M shares 51.57M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.26M $49.37M $54.16M
YoY Change
Cash & Equivalents $39.26M $49.37M $54.39M
Short-Term Investments
Other Short-Term Assets $5.836M $7.445M $4.230M
YoY Change 100.21%
Inventory $6.078M $4.399M $3.573M
Prepaid Expenses $5.836M
Receivables $7.840M $5.727M $4.373M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $59.02M $67.13M $66.33M
YoY Change 8.04%
LONG-TERM ASSETS
Property, Plant & Equipment $190.8M $186.6M $180.9M
YoY Change 9.19%
Goodwill $394.3M $394.3M
YoY Change 0.0%
Intangibles $259.8M $260.5M
YoY Change -2.41%
Long-Term Investments $16.17M $16.28M $16.18M
YoY Change 0.97%
Other Assets $749.7M $675.7M $4.516M
YoY Change 10.12%
Total Long-Term Assets $940.6M $862.3M $857.7M
YoY Change 9.93%
TOTAL ASSETS
Total Short-Term Assets $59.02M $67.13M $66.33M
Total Long-Term Assets $940.6M $862.3M $857.7M
Total Assets $999.6M $929.5M $924.0M
YoY Change 9.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.25M $21.53M $20.64M
YoY Change 27.17%
Accrued Expenses $29.47M $33.48M $35.42M
YoY Change -15.38%
Deferred Revenue $6.893M $3.929M
YoY Change 1.76%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.324M $3.324M $3.324M
YoY Change 0.0%
Total Short-Term Liabilities $66.94M $62.27M $66.00M
YoY Change 0.88%
LONG-TERM LIABILITIES
Long-Term Debt $315.8M $466.8M $466.6M
YoY Change -32.28%
Other Long-Term Liabilities $4.588M $6.862M $35.62M
YoY Change -51.79%
Total Long-Term Liabilities $509.2M $504.5M $502.3M
YoY Change 1.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.94M $62.27M $66.00M
Total Long-Term Liabilities $509.2M $504.5M $502.3M
Total Liabilities $576.2M $566.7M $568.3M
YoY Change 1.27%
SHAREHOLDERS EQUITY
Retained Earnings -$15.95M $3.426M
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $171.3M $145.2M $144.1M
YoY Change
Total Liabilities & Shareholders Equity $999.6M $929.5M $924.0M
YoY Change 9.82%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$14.41M $6.531M $8.172M
YoY Change -19.41%
Depreciation, Depletion And Amortization $5.087M $5.516M $6.420M
YoY Change -17.69% -10.13% -47.68%
Cash From Operating Activities $2.983M $7.074M $32.82M
YoY Change -85.21% -81.44% 54.07%
INVESTING ACTIVITIES
Capital Expenditures -$8.496M -$9.219M -$18.47M
YoY Change -24.91% -9.06% -624.66%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$77.00K
YoY Change -100.0% -100.0%
Cash From Investing Activities -$8.496M -$9.219M -$18.55M
YoY Change -24.89% -8.8% 426.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $57.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.781M -2.690M -1.312M
YoY Change 476.02% -84.38% -92.0%
NET CHANGE
Cash From Operating Activities 2.983M 7.074M 32.82M
Cash From Investing Activities -8.496M -9.219M -18.55M
Cash From Financing Activities -4.781M -2.690M -1.312M
Net Change In Cash -10.29M -4.835M 12.96M
YoY Change -228.29% -144.86% 845.99%
FREE CASH FLOW
Cash From Operating Activities $2.983M $7.074M $32.82M
Capital Expenditures -$8.496M -$9.219M -$18.47M
Free Cash Flow $11.48M $16.29M $51.29M
YoY Change -63.54% -66.23% 188.44%

Facts In Submission

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5886000 USD
CY2021Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
5886000 USD
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
100000 shares
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
217549000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
145177000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
147734000 USD
us-gaap Net Income Loss
NetIncomeLoss
7371000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
564000 USD
ptlo Common Stock Shares Subscribed But Unissued Repayment Of Subscription Receivable
CommonStockSharesSubscribedButUnissuedRepaymentOfSubscriptionReceivable
250000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
15240000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
140704000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
140709000 USD
us-gaap Net Income Loss
NetIncomeLoss
20404000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
443000 USD
ptlo Common Stock Shares Subscribed But Unissued Repayment Of Subscription Receivable
CommonStockSharesSubscribedButUnissuedRepaymentOfSubscriptionReceivable
499000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
100000 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
16978000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
145177000 USD
us-gaap Net Income Loss
NetIncomeLoss
20404000 USD
us-gaap Net Income Loss
NetIncomeLoss
7371000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18225000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18404000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2877000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2901000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-130000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-19000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
443000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
564000 USD
us-gaap Straight Line Rent
StraightLineRent
-3099000 USD
us-gaap Straight Line Rent
StraightLineRent
-2726000 USD
ptlo Amortization Of Deferred Lease Incentives
AmortizationOfDeferredLeaseIncentives
289000 USD
ptlo Amortization Of Deferred Lease Incentives
AmortizationOfDeferredLeaseIncentives
241000 USD
ptlo Gift Card Breakage
GiftCardBreakage
554000 USD
ptlo Gift Card Breakage
GiftCardBreakage
556000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
89000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-804000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
144000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-204000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-676000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-83000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-807000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-572000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2511000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-881000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3634000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
583000 USD
ptlo Increase Decrease In Deferred Lease Incentives
IncreaseDecreaseInDeferredLeaseIncentives
-690000 USD
ptlo Increase Decrease In Deferred Lease Incentives
IncreaseDecreaseInDeferredLeaseIncentives
-1976000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
239000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3576000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39891000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38105000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27687000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10138000 USD
CY2021Q3 us-gaap Number Of Restaurants
NumberOfRestaurants
66 restaurant
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
200000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
123000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27764000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10108000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
15000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2493000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
12493000 USD
ptlo Proceeds From Paycheck Protection Program Loan Cares Act
ProceedsFromPaycheckProtectionProgramLoanCARESAct
0 USD
ptlo Proceeds From Paycheck Protection Program Loan Cares Act
ProceedsFromPaycheckProtectionProgramLoanCARESAct
10000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25000 USD
ptlo Repayment Of Stock Subscription Receivable
RepaymentOfStockSubscriptionReceivable
-499000 USD
ptlo Repayment Of Stock Subscription Receivable
RepaymentOfStockSubscriptionReceivable
-250000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2108000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4002000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17218000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8125000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10779000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41432000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22629000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49557000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33408000 USD
us-gaap Interest Paid Net
InterestPaidNet
29043000 USD
us-gaap Interest Paid Net
InterestPaidNet
24468000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2041000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3411000 USD
ptlo Proceeds From Disposition Of Assets Net Trade In Value
ProceedsFromDispositionOfAssetsNetTradeInValue
41000 USD
ptlo Proceeds From Disposition Of Assets Net Trade In Value
ProceedsFromDispositionOfAssetsNetTradeInValue
61000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
16978000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
15240000 USD
ptlo Offering Costs Incurred But Not Yet Paid
OfferingCostsIncurredButNotYetPaid
0 USD
CY2021Q3 ptlo Number Of Food Production Commissaries
NumberOfFoodProductionCommissaries
2 foodProductionCommissary
ptlo Offering Costs Incurred But Not Yet Paid
OfferingCostsIncurredButNotYetPaid
2446000 USD
CY2020Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
63 restaurant
CY2021Q3 ptlo Number Of Non Traditional Restaurant
NumberOfNonTraditionalRestaurant
3 restaurant
CY2020Q3 ptlo Number Of Non Traditional Restaurant
NumberOfNonTraditionalRestaurant
4 restaurant
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Fiscal Period
FiscalPeriod
<div><span style="color:#d22630;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Fiscal Year</span><span style="color:#d22630;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We use a 52- or 53-week fiscal year ending on the Sunday prior to December 31, effective beginning with the first quarter of 2019. In a 52-week fiscal year, each quarterly period is comprised of 13 weeks. The additional week in a 53-week fiscal year is added to the fourth quarter. Fiscal 2021 and 2020 each consist of 52 weeks. The fiscal periods presented in this report are the quarter and three quarters ended September 26, 2021 and September 27, 2020, respectively.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of these 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 financial statements, and the reported amounts of sales and expenses during the period. Actual results could differ from those estimates.
CY2020Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 USD
CY2021Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
4600000 USD
CY2021Q3 ptlo Deferred Revenue Gift Card Sales That Will Not Be Redeemed Percent
DeferredRevenueGiftCardSalesThatWillNotBeRedeemedPercent
0.11
CY2021Q3 ptlo Gift Card Breakage
GiftCardBreakage
100000 USD
ptlo Gift Card Breakage
GiftCardBreakage
600000 USD
CY2020Q3 ptlo Gift Card Breakage
GiftCardBreakage
100000 USD
ptlo Gift Card Breakage
GiftCardBreakage
600000 USD
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
446000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
443000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2923000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2890000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2705000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3999000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
99000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
112000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1168000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
715000 USD
CY2021Q3 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
427000 USD
CY2020Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
249000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
4399000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
5075000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
272779000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
248789000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
86158000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
74020000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
4300000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
186621000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
174769000 USD
us-gaap Depreciation
Depreciation
12600000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
3900000 USD
us-gaap Depreciation
Depreciation
11800000 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
223925000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
223925000 USD
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
323832000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
63291000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
260541000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
223925000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
223925000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
323832000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57652000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
266180000 USD
CY2021Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1200000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
5600000 USD
CY2020Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2200000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
6600000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3000000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2900000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
20700000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
11495000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14372000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
470088000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
469704000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
3324000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3324000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
466764000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
466380000 USD
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
14500000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13300000 USD
CY2019Q4 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
1200000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
600000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
600000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1700000 USD
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
51210222 shares
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1700000 USD
CY2020Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
400000 USD
CY2021Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
400000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1200000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1200000 USD
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
10700000 USD
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
10800000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
32100000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
34300000 USD
CY2014Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
100000 shares
CY2014Q3 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
97700000 USD
CY2014Q3 ptlo Temporary Equity Increase To Preferred Rate Due To Triggering Event Percent
TemporaryEquityIncreaseToPreferredRateDueToTriggeringEventPercent
0.02
CY2021Q3 ptlo Temporary Equity Liquidation Preference Percent
TemporaryEquityLiquidationPreferencePercent
1.01
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
217500000 USD
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
200600000 USD
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51210222 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51192434 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
51192434 shares
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
3.25
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
5.77
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
600000 USD
CY2021Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
900000 USD
CY2021Q3 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
800000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
6531000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
8104000 USD
us-gaap Net Income Loss
NetIncomeLoss
20404000 USD
us-gaap Net Income Loss
NetIncomeLoss
7371000 USD
CY2021Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
5886000 USD
CY2020Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
5282000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
16978000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
15240000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
645000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2822000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3426000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7869000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51210222 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51192285 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51201100 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51187878 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
371463 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
217717 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
367934 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51581685 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51410002 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51569034 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51187878 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
318514 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
57729 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
318704 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
274655 shares

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