2022 Q2 Form 10-Q Financial Statement
#000157322122000066 Filed on May 10, 2022
Income Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
Revenue | $154.4M | $146.7M | $145.1M |
YoY Change | 47.2% | 48.46% | 68.22% |
Cost Of Revenue | $66.75M | $68.08M | $64.50M |
YoY Change | 60.84% | 68.19% | 92.82% |
Gross Profit | $87.69M | $78.62M | $80.63M |
YoY Change | 38.28% | 34.76% | 52.64% |
Gross Profit Margin | 56.78% | 53.59% | 55.56% |
Selling, General & Admin | $138.7M | $48.26M | $125.2M |
YoY Change | 213.28% | 10.65% | 23.08% |
% of Gross Profit | 158.14% | 61.39% | 155.29% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.696M | $6.364M | $5.691M |
YoY Change | 5.18% | 17.09% | 9.86% |
% of Gross Profit | 7.64% | 8.09% | 7.06% |
Operating Expenses | $138.7M | $133.3M | $125.2M |
YoY Change | 8.16% | 19.99% | 23.08% |
Operating Profit | -$50.98M | -$54.71M | -$44.58M |
YoY Change | -21.32% | 3.66% | -8.85% |
Interest Expense | -$2.415M | $2.664M | -$6.041M |
YoY Change | -140.21% | -19.17% | 163.8% |
% of Operating Profit | |||
Other Income/Expense, Net | $266.0K | -$139.0K | $1.000K |
YoY Change | -917.65% | -101.25% | |
Pretax Income | -$53.13M | -$57.41M | -$52.22M |
YoY Change | -24.84% | 2.59% | 1.84% |
Income Tax | $33.00K | $0.00 | -$27.00K |
% Of Pretax Income | |||
Net Earnings | -$53.17M | -$57.41M | -$52.20M |
YoY Change | -24.83% | 2.53% | 1.67% |
Net Earnings / Revenue | -34.43% | -39.14% | -35.97% |
Basic Earnings Per Share | -$0.56 | -$0.61 | |
Diluted Earnings Per Share | -$560.2K | -$0.61 | -$563.3K |
COMMON SHARES | |||
Basic Shares Outstanding | 94.37M shares | 93.48M shares | 92.39M shares |
Diluted Shares Outstanding | 94.90M shares | 93.48M shares |
Balance Sheet
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $315.9M | $361.0M | $418.2M |
YoY Change | -35.75% | -34.11% | 17.84% |
Cash & Equivalents | $69.50M | $361.0M | $418.2M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $20.72M | $21.38M | $20.86M |
YoY Change | 17.47% | 39.73% | 21.98% |
Inventory | $74.03M | $73.70M | $71.02M |
Prepaid Expenses | |||
Receivables | $6.364M | $8.176M | $7.767M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $417.0M | $464.3M | $517.8M |
YoY Change | -27.37% | -24.95% | 22.86% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $228.6M | $90.42M | $89.29M |
YoY Change | 192.52% | 35.69% | 40.71% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.790M | $3.266M | $2.535M |
YoY Change | -0.92% | 51.48% | 23.66% |
Total Long-Term Assets | $231.4M | $234.2M | $237.1M |
YoY Change | 4.08% | 10.39% | 29.13% |
TOTAL ASSETS | |||
Total Short-Term Assets | $417.0M | $464.3M | $517.8M |
Total Long-Term Assets | $231.4M | $234.2M | $237.1M |
Total Assets | $648.4M | $698.4M | $754.9M |
YoY Change | -18.59% | -15.93% | 24.76% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $8.052M | $6.292M | $4.503M |
YoY Change | -40.5% | -32.05% | -68.61% |
Accrued Expenses | $154.3M | $68.65M | $71.04M |
YoY Change | 180.38% | 26.01% | 24.52% |
Deferred Revenue | $3.291M | $3.387M | |
YoY Change | 63.89% | 109.46% | |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $172.2M | $179.8M | $188.0M |
YoY Change | 7.06% | 26.25% | 26.79% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $448.3M | $447.7M | $348.4M |
YoY Change | 31.78% | 33.19% | 133.5% |
Other Long-Term Liabilities | $135.0M | $2.099M | $2.291M |
YoY Change | 7563.11% | -98.52% | 78.43% |
Total Long-Term Liabilities | $583.3M | $2.099M | $2.291M |
YoY Change | 33006.07% | -99.56% | 78.43% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $172.2M | $179.8M | $188.0M |
Total Long-Term Liabilities | $583.3M | $2.099M | $2.291M |
Total Liabilities | $755.5M | $767.8M | $681.8M |
YoY Change | 17.64% | 23.67% | 64.76% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$812.1M | -$768.1M | |
YoY Change | 44.38% | ||
Common Stock | $1.000K | $1.000K | |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$107.1M | -$69.32M | $73.13M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $648.4M | $698.4M | $754.9M |
YoY Change | -18.59% | -15.92% | 24.76% |
Cashflow Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$53.17M | -$57.41M | -$52.20M |
YoY Change | -24.83% | 2.53% | 1.67% |
Depreciation, Depletion And Amortization | $6.696M | $6.364M | $5.691M |
YoY Change | 5.18% | 17.09% | 9.86% |
Cash From Operating Activities | -$38.55M | -$49.35M | -$18.76M |
YoY Change | -4.83% | 3.23% | -51.14% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$7.772M | $5.143M | -$9.679M |
YoY Change | -54.64% | -13.2% | 110.41% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Cash From Investing Activities | -$7.772M | -$8.447M | -$9.679M |
YoY Change | -54.64% | 95.08% | -122.27% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.205M | $637.0K | 1.805M |
YoY Change | -15.79% | -99.74% | -33.15% |
NET CHANGE | |||
Cash From Operating Activities | -38.55M | -$49.35M | -18.76M |
Cash From Investing Activities | -7.772M | -$8.447M | -9.679M |
Cash From Financing Activities | 1.205M | $637.0K | 1.805M |
Net Change In Cash | -45.12M | -$57.16M | -26.64M |
YoY Change | -19.73% | -129.02% | -443.27% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$38.55M | -$49.35M | -$18.76M |
Capital Expenditures | -$7.772M | $5.143M | -$9.679M |
Free Cash Flow | -$30.78M | -$54.50M | -$9.085M |
YoY Change | 31.68% | 1.42% | -73.12% |
Facts In Submission
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---|---|---|---|---|
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TheRealReal, Inc. | |
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2022 | |
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Net Income Loss
NetIncomeLoss
|
-57412000 | USD |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-69317000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
191293000 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3973000 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | USD |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
11278000 | USD |
CY2021Q1 | real |
Purchase Of Capped Calls
PurchaseOfCappedCalls
|
33666000 | USD |
CY2021Q1 | real |
Equity Component Of Convertible Debt Issuance Costs
EquityComponentOfConvertibleDebtIssuanceCosts
|
3131000 | USD |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
93031000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-11000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55993000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
209905000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-57412000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55993000 | USD |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6364000 | USD |
CY2021Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5435000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12514000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10919000 | USD |
CY2022Q1 | real |
Reduction Of Operating Lease Right Of Use Assets
ReductionOfOperatingLeaseRightOfUseAssets
|
4797000 | USD |
CY2021Q1 | real |
Reduction Of Operating Lease Right Of Use Assets
ReductionOfOperatingLeaseRightOfUseAssets
|
4755000 | USD |
CY2022Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
193000 | USD |
CY2021Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD |
CY2022Q1 | real |
Accrued Interest On Convertible Notes
AccruedInterestOnConvertibleNotes
|
575000 | USD |
CY2021Q1 | real |
Accrued Interest On Convertible Notes
AccruedInterestOnConvertibleNotes
|
1469000 | USD |
CY2022Q1 | real |
Accretion Of Debt Discounts And Issuance Costs
AccretionOfDebtDiscountsAndIssuanceCosts
|
641000 | USD |
CY2021Q1 | real |
Accretion Of Debt Discounts And Issuance Costs
AccretionOfDebtDiscountsAndIssuanceCosts
|
1815000 | USD |
CY2022Q1 | real |
Gain Loss On Disposition Of Property Plant Equipment And Impairment Of Software
GainLossOnDispositionOfPropertyPlantEquipmentAndImpairmentOfSoftware
|
-175000 | USD |
CY2021Q1 | real |
Gain Loss On Disposition Of Property Plant Equipment And Impairment Of Software
GainLossOnDispositionOfPropertyPlantEquipmentAndImpairmentOfSoftware
|
0 | USD |
CY2022Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
0 | USD |
CY2021Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
5000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
602000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1219000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2683000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
7181000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
426000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1769000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
779000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
106000 | USD |
CY2022Q1 | real |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
3655000 | USD |
CY2021Q1 | real |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
3983000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2030000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5072000 | USD |
CY2022Q1 | real |
Increase Decrease In Accrued Consignor Payable
IncreaseDecreaseInAccruedConsignorPayable
|
-2389000 | USD |
CY2021Q1 | real |
Increase Decrease In Accrued Consignor Payable
IncreaseDecreaseInAccruedConsignorPayable
|
-2569000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-8627000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-547000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-70000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
257000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-49354000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-47808000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
0 | USD |
CY2021Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
4000000 | USD |
CY2022Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
3304000 | USD |
CY2021Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
2405000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5143000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5925000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
278844000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8447000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4330000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | USD |
CY2022Q1 | real |
Payment For Purchase Of Capped Calls
PaymentForPurchaseOfCappedCalls
|
0 | USD |
CY2021Q1 | real |
Payment For Purchase Of Capped Calls
PaymentForPurchaseOfCappedCalls
|
33666000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
637000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3973000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
637000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
249151000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-57164000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
197013000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
418171000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
350846000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
361007000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
547859000 | USD |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1448000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7000 | USD |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3000 | USD |
CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2022Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
718000 | USD |
CY2021Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2434000 | USD |
CY2022Q1 | real |
Capitalized Proprietary Software Development Costs Additions Not Yet Paid In Cash
CapitalizedProprietarySoftwareDevelopmentCostsAdditionsNotYetPaidInCash
|
1838000 | USD |
CY2021Q1 | real |
Capitalized Proprietary Software Development Costs Additions Not Yet Paid In Cash
CapitalizedProprietarySoftwareDevelopmentCostsAdditionsNotYetPaidInCash
|
430000 | USD |
CY2022Q1 | real |
Issuance Costs Associated With Issuance Of Convertible Senior Notes Included In Other Accrued And Current Liabilities
IssuanceCostsAssociatedWithIssuanceOfConvertibleSeniorNotesIncludedInOtherAccruedAndCurrentLiabilities
|
0 | USD |
CY2021Q1 | real |
Issuance Costs Associated With Issuance Of Convertible Senior Notes Included In Other Accrued And Current Liabilities
IssuanceCostsAssociatedWithIssuanceOfConvertibleSeniorNotesIncludedInOtherAccruedAndCurrentLiabilities
|
1173000 | USD |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
450000 | USD |
CY2021Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
359000 | USD |
CY2022Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top: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-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of 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 as of the date of the financial statements and the reported amounts of expenses during the reporting period. Significant items subject to such estimates and assumptions include those related to revenue recognition, including the returns reserve, valuation of inventory, software development costs, stock-based compensation, incremental borrowing rates related to lease liability, valuation of deferred taxes, and other contingencies. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could differ from those estimates.</span></div> | |
CY2022Q1 | real |
Rights To Recover Products From Customers
RightsToRecoverProductsFromCustomers
|
5100000 | USD |
CY2021Q4 | real |
Rights To Recover Products From Customers
RightsToRecoverProductsFromCustomers
|
9100000 | USD |
CY2022Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risks</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, and accounts receivable. At times, such amount may exceed federally-insured limits. The Company reduces credit risk by placing its cash and cash equivalents, and investments with major financial institutions within the United States.</span></div>As of March 31, 2022 and December 31, 2021, there were no customers that represented 10% or more of the Company’s accounts receivable balance and there were no customers that individually exceeded 10% of the Company’s total revenue for each of the three months ended March 31, 2022 and 2021. | |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
361007000 | USD |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
361007000 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
418171000 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
418171000 | USD |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
141297000 | USD |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
139634000 | USD |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
50878000 | USD |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
50348000 | USD |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
90419000 | USD |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
89286000 | USD |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6400000 | USD |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5400000 | USD |
CY2022Q1 | real |
Accrued Returns Reserve Current
AccruedReturnsReserveCurrent
|
22848000 | USD |
CY2021Q4 | real |
Accrued Returns Reserve Current
AccruedReturnsReserveCurrent
|
23577000 | USD |
CY2022Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
19851000 | USD |
CY2021Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
14258000 | USD |
CY2022Q1 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
1806000 | USD |
CY2021Q4 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
14417000 | USD |
CY2022Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
8335000 | USD |
CY2021Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
8935000 | USD |
CY2022Q1 | real |
Site Credit Liability
SiteCreditLiability
|
9873000 | USD |
CY2021Q4 | real |
Site Credit Liability
SiteCreditLiability
|
8738000 | USD |
CY2022Q1 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
8352000 | USD |
CY2021Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
7897000 | USD |
CY2022Q1 | real |
Accrued Inventory
AccruedInventory
|
1753000 | USD |
CY2021Q4 | real |
Accrued Inventory
AccruedInventory
|
3513000 | USD |
CY2022Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
3291000 | USD |
CY2021Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
3387000 | USD |
CY2022Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
1741000 | USD |
CY2021Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
1166000 | USD |
CY2022Q1 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
7472000 | USD |
CY2021Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
8300000 | USD |
CY2022Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
85322000 | USD |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
94188000 | USD |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
0 | USD |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12514000 | USD |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
10919000 | USD |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
500000 | USD |
CY2021Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
400000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
7200000 | USD |
CY2021Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
7300000 | USD |
CY2022Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1500000 | USD |
CY2021Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1300000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
21314000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
28261000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
27999000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
28648000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
28201000 | USD |
CY2022Q1 | real |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
58804000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
193227000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
35495000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
157732000 | USD |
CY2022Q1 | real |
Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
|
6101000 | USD |
CY2021Q1 | real |
Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
|
6541000 | USD |
CY2022Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
25000 | USD |
CY2021Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
29950000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P6Y10M24D | |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.062 | |
real |
Number Of Lawsuits Filed
NumberOfLawsuitsFiled
|
3 | lawsuit | |
CY2022Q1 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
11000000 | USD |
CY2021 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
11000000 | USD |
CY2020Q4 | real |
Number Of Lawsuits Consolidated
NumberOfLawsuitsConsolidated
|
2 | lawsuit |
CY2021Q4 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
500000 | USD |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
213400000 | USD |
CY2022Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
213400000 | USD |
CY2022Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2022Q1 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
0 | USD |
CY2022Q1 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
0 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-57412000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-57412000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-55993000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-55993000 | USD |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
93476106 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
93476106 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
90044082 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
90044082 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.61 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.61 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.62 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.62 | |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
31537233 | shares |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
30399762 | shares |