$RPAY
Repay Holdings Corp

2021 Q2 Form 10-Q Financial Statement

#000156459021042649 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $48.41M $47.52M $36.50M
YoY Change 32.63% 20.42% 68.32%
Cost Of Revenue $12.72M $12.47M $8.727M
YoY Change 45.77% 15.82% 26.66%
Gross Profit $35.69M $35.05M $27.77M
YoY Change 28.51% 22.15% -39.05%
Gross Profit Margin 73.72% 73.75% 76.09%
Selling, General & Admin $29.54M $23.39M $19.02M
YoY Change 55.34% 28.77% 124.8%
% of Gross Profit 82.77% 66.75% 68.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $300.0K $300.0K
YoY Change 0.0% 50.0% 50.0%
% of Gross Profit 0.84% 0.86% 1.08%
Operating Expenses $29.54M $56.31M $19.02M
YoY Change 55.34% 209.97% -59.39%
Operating Profit -$12.33M -$8.789M -$6.690M
YoY Change 84.31% 160.09% -218.91%
Interest Expense -$816.6K -$1.183M -$3.704M
YoY Change -77.96% -66.36% 152.04%
% of Operating Profit
Other Income/Expense, Net -$5.137M -$15.13M -$80.41M
YoY Change -93.61% 38.6% 5370.91%
Pretax Income -$17.47M -$23.92M -$87.10M
YoY Change -79.94% 67.32% -2195.64%
Income Tax -$4.100M -$5.900M -$3.900M
% Of Pretax Income
Net Earnings -$12.27M -$15.79M -$79.30M
YoY Change -84.53% 52.89% -2007.97%
Net Earnings / Revenue -25.34% -33.24% -217.25%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$153.8K -$0.21 -$302.3K
COMMON SHARES
Basic Shares Outstanding 76.60M
Diluted Shares Outstanding 76.60M

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.4M $390.9M $165.9M
YoY Change -27.43% 1095.48%
Cash & Equivalents $120.4M $410.4M $179.7M
Short-Term Investments
Other Short-Term Assets $9.230M $6.078M $4.600M
YoY Change 100.65% 26.63% 4500.0%
Inventory
Prepaid Expenses
Receivables $31.40M $23.90M $14.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $161.0M $420.9M $184.8M
YoY Change -12.86% 698.07% 184700.0%
LONG-TERM ASSETS
Property, Plant & Equipment $2.603M $1.980M $1.789M
YoY Change 45.52% 5.53%
Goodwill $751.2M $459.0M $412.2M
YoY Change 82.25% 11.48% 244.83%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $138.2M $161.3M $39.60M
YoY Change 248.88% 1244.37% -85.14%
Total Long-Term Assets $1.484B $988.2M $795.3M
YoY Change 86.61% 27.17% 198.54%
TOTAL ASSETS
Total Short-Term Assets $161.0M $420.9M $184.8M
Total Long-Term Assets $1.484B $988.2M $795.3M
Total Assets $1.645B $1.409B $980.1M
YoY Change 67.86% 69.81% 267.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.00M $14.11M $10.20M
YoY Change 76.47% 29.62% 500.0%
Accrued Expenses $23.00M $18.92M $15.90M
YoY Change 44.63% 54.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00 $7.176M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $69.54M $60.95M $59.30M
YoY Change 17.26% -8.68% 2595.45%
LONG-TERM LIABILITIES
Long-Term Debt $428.0M $427.3M $252.5M
YoY Change 69.47% 0.0%
Other Long-Term Liabilities $12.18M $9.360M $10.90M
YoY Change 11.78% 0.52% 12.37%
Total Long-Term Liabilities $428.0M $436.6M $401.2M
YoY Change 6.66% 22.24% 4036.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.54M $60.95M $59.30M
Total Long-Term Liabilities $428.0M $436.6M $401.2M
Total Liabilities $776.0M $761.2M $460.6M
YoY Change 68.49% 79.56% 3770.21%
SHAREHOLDERS EQUITY
Retained Earnings -$160.0M
YoY Change
Common Stock $526.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $869.2M $647.9M $359.7M
YoY Change
Total Liabilities & Shareholders Equity $1.645B $1.409B $980.1M
YoY Change 67.86% 69.81% 267.77%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income -$12.27M -$15.79M -$79.30M
YoY Change -84.53% 52.89% -2007.97%
Depreciation, Depletion And Amortization $300.0K $300.0K $300.0K
YoY Change 0.0% 50.0% 50.0%
Cash From Operating Activities $12.10M $4.769M $850.0K
YoY Change 1323.28% -44.35% -357.58%
INVESTING ACTIVITIES
Capital Expenditures -$5.507M $640.5K -$4.960M
YoY Change 11.02% 74.66%
Acquisitions
YoY Change
Other Investing Activities -$275.8M $10.78K -$470.0K
YoY Change 58580.2% -100.03%
Cash From Investing Activities -$281.3M -$5.206M -$5.430M
YoY Change 5080.55% -86.41% -366.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.818M
YoY Change
Debt Paid & Issued, Net $262.7M
YoY Change 16709.86%
Cash From Financing Activities -702.4K 304.4M 139.9M
YoY Change -100.5% 740.46% 7111.34%
NET CHANGE
Cash From Operating Activities 12.10M 4.769M 850.0K
Cash From Investing Activities -281.3M -5.206M -5.430M
Cash From Financing Activities -702.4K 304.4M 139.9M
Net Change In Cash -269.9M 303.9M 135.3M
YoY Change -299.46% 4583.09% 3607.4%
FREE CASH FLOW
Cash From Operating Activities $12.10M $4.769M $850.0K
Capital Expenditures -$5.507M $640.5K -$4.960M
Free Cash Flow $17.60M $4.129M $5.810M
YoY Change 203.01% -49.67%

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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 rpay Exchange Of Post Merger Repay Units
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CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q2 rpay Stockholders Equity Valuation Allowance On Ceiling Rule Deferred Tax Asset
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us-gaap Depreciation And Amortization
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us-gaap Share Based Compensation
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rpay Fair Value Change In Tax Receivable Agreement Liability
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rpay Fair Value Change In Tax Receivable Agreement Liability
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rpay Fair Value Change In Other Assets And Liabilities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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rpay Increase Decrease In Operating Lease Right Of Use Assets
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Due To Related Parties Current
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rpay Increase Decrease In Accrued Expenses And Other Liabilities
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rpay Increase Decrease In Accrued Expenses And Other Liabilities
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rpay Increase Decrease In Operating Lease Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Warrant Exercises
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rpay Payment To Redemption Of Post Merger Repay Units
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us-gaap Payments Of Loan Costs
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us-gaap Payments Of Loan Costs
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Lines Of Credit
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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rpay Payments For Repurchase Of Treasury Shares
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Interest Paid Net
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CY2020Q2 rpay Warrants Liabilities
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CY2020Q2 us-gaap Liabilities Noncurrent
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CY2020Q4 us-gaap Liabilities
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CY2020Q2 us-gaap Liabilities
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CY2020Q2 us-gaap Additional Paid In Capital Common Stock
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CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q4 us-gaap Stockholders Equity
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CY2020Q2 us-gaap Stockholders Equity
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us-gaap Fair Value Adjustment Of Warrants
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CY2020Q2 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Profit Loss
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us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Use Of Estimates
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<p style="margin-top:10pt;text-align:justify;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.41%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">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 at the date of the financial statements and the reported Consolidated Statements of Operations during the reporting period. Actual results could differ materially from those estimates.</p>
CY2021Q2 us-gaap Contract With Customer Liability
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Restricted Cash Noncurrent
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CY2021Q2 us-gaap Assets Fair Value Disclosure
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CY2021Q2 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
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CY2021Q2 us-gaap Long Term Debt Fair Value
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CY2021Q2 rpay Tax Receivable Agreement Fair Value Disclosure
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CY2021Q2 us-gaap Financial Liabilities Fair Value Disclosure
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CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2020Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
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CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
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us-gaap Earnings Per Share Basic And Diluted
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CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2020Q4 us-gaap Restricted Cash Noncurrent
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CY2020Q4 us-gaap Assets Fair Value Disclosure
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CY2020Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
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CY2020Q4 us-gaap Long Term Debt Fair Value
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CY2020Q4 rpay Tax Receivable Agreement Fair Value Disclosure
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CY2020Q4 rpay Interest Rate Swap Liabilities Fair Value
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CY2020Q4 us-gaap Financial Liabilities Fair Value Disclosure
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CY2021Q2 us-gaap Property Plant And Equipment Gross
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q2 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Net
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CY2021Q2 us-gaap Depreciation
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us-gaap Depreciation
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CY2020Q2 us-gaap Depreciation
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us-gaap Depreciation
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CY2021Q2 us-gaap Indefinite Lived Trade Names
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rpay Number Of Trade Names
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CY2020Q4 us-gaap Indefinite Lived Trade Names
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CY2020 rpay Number Of Trade Names
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CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2021Q2 us-gaap Finite Lived Intangible Assets Net
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CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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CY2021Q2 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2020Q2 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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us-gaap Number Of Operating Segments
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CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
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us-gaap Number Of Reporting Units
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2020Q4 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
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us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Purchase Accounting Adjustments
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-1510778
CY2021Q2 us-gaap Goodwill
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751193501
us-gaap Number Of Operating Segments
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us-gaap Number Of Reporting Units
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us-gaap Goodwill Impairment Loss
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CY2021Q2 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Long Term Debt Current
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CY2021Q2 us-gaap Deferred Finance Costs Net
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CY2020Q4 us-gaap Deferred Finance Costs Net
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CY2021Q2 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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CY2020 rpay Percentage Of Initial Principal Amount Of The Term Loans
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CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2021Q2 us-gaap Debt Instrument Carrying Amount
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rpay Lessee Operating Lease Expiration Year
LesseeOperatingLeaseExpirationYear
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us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Most of these leases include one or more renewal options for six years or less
us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
certain leases also include lessee termination options
CY2021Q2 us-gaap Operating Lease Cost
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555384
us-gaap Operating Lease Cost
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CY2021Q2 us-gaap Short Term Lease Cost
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us-gaap Short Term Lease Cost
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CY2021Q2 us-gaap Lease Cost
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571225
us-gaap Lease Cost
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1123264
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q2 us-gaap Operating Lease Liability Current
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CY2020Q4 us-gaap Operating Lease Liability Current
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1527224
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
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CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
472705
us-gaap Operating Lease Payments
OperatingLeasePayments
931353
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1164049
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2261605
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1936698
CY2021Q2 rpay Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12893469
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1540097
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
11353372
CY2021Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
18100515
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
15811597
CY2021Q2 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
1700000
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
2900000
CY2020Q2 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
700000
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
1200000
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
29900000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M26D
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4100000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3900000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5000000.0
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.049
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3900000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5000000.0
CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
23800000
CY2021Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
118000000.0
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y7D
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10700000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9000000.0
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4100000
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.045
CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
28100000
CY2021Q2 rpay Additional Deferred Tax Asset And Offsetting Deferred Tax Liability Amount
AdditionalDeferredTaxAssetAndOffsettingDeferredTaxLiabilityAmount
123
rpay Additional Deferred Tax Asset And Offsetting Deferred Tax Liability Amount
AdditionalDeferredTaxAssetAndOffsettingDeferredTaxLiabilityAmount
5187
CY2021Q2 rpay Percentage Of Valuation Allowance Recognized
PercentageOfValuationAllowanceRecognized
1
CY2021Q2 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0
CY2019Q3 rpay Percentage Of Tax Benefits Payable Under Tax Receivable Agreement
PercentageOfTaxBenefitsPayableUnderTaxReceivableAgreement
1
CY2021Q2 rpay Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
235000000.0
rpay Increase In Tax Receivable Agreement Liability
IncreaseInTaxReceivableAgreementLiability
5700000

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