$SHLS
Shoals Technologies Group, Inc.

2024 Q3 Form 10-Q Financial Statement

#000183165124000124 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $102.2M
YoY Change -23.88%
Cost Of Revenue $76.79M
YoY Change -36.04%
Gross Profit $25.38M
YoY Change 79.34%
Gross Profit Margin 24.84%
Selling, General & Admin $18.54M
YoY Change -17.22%
% of Gross Profit 73.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.300M
YoY Change 85.71%
% of Gross Profit 5.12%
Operating Expenses $20.85M
YoY Change -15.65%
Operating Profit $4.524M
YoY Change -142.8%
Interest Expense -$3.088M
YoY Change -152.35%
% of Operating Profit -68.26%
Other Income/Expense, Net
YoY Change
Pretax Income $1.436M
YoY Change -108.7%
Income Tax $1.703M
% Of Pretax Income 118.59%
Net Earnings -$267.0K
YoY Change -97.28%
Net Earnings / Revenue -0.26%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 167.3M shares
Diluted Shares Outstanding 167.4M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.11M
YoY Change 20.72%
Cash & Equivalents $11.11M
Short-Term Investments
Other Short-Term Assets $4.716M
YoY Change -29.23%
Inventory $65.85M
Prepaid Expenses
Receivables $95.30M
Other Receivables $0.00
Total Short-Term Assets $190.8M
YoY Change -10.96%
LONG-TERM ASSETS
Property, Plant & Equipment $28.06M
YoY Change 23.11%
Goodwill $69.90M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.546M
YoY Change 72.31%
Total Long-Term Assets $610.5M
YoY Change -2.46%
TOTAL ASSETS
Total Short-Term Assets $190.8M
Total Long-Term Assets $610.5M
Total Assets $801.3M
YoY Change -4.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.74M
YoY Change 42.9%
Accrued Expenses $12.87M
YoY Change -40.16%
Deferred Revenue $20.56M
YoY Change -23.91%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $91.91M
YoY Change 8.89%
LONG-TERM LIABILITIES
Long-Term Debt $141.8M
YoY Change -24.75%
Other Long-Term Liabilities $2.442M
YoY Change -27.28%
Total Long-Term Liabilities $144.2M
YoY Change -24.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.91M
Total Long-Term Liabilities $144.2M
Total Liabilities $256.1M
YoY Change -18.83%
SHAREHOLDERS EQUITY
Retained Earnings $90.76M
YoY Change 56.84%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $545.2M
YoY Change
Total Liabilities & Shareholders Equity $801.3M
YoY Change -4.62%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$267.0K
YoY Change -97.28%
Depreciation, Depletion And Amortization $1.300M
YoY Change 85.71%
Cash From Operating Activities $15.70M
YoY Change -43.28%
INVESTING ACTIVITIES
Capital Expenditures $2.377M
YoY Change -27.09%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.377M
YoY Change -32.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.405M
YoY Change -73.99%
NET CHANGE
Cash From Operating Activities 15.70M
Cash From Investing Activities -2.377M
Cash From Financing Activities -5.405M
Net Change In Cash 7.917M
YoY Change 134.93%
FREE CASH FLOW
Cash From Operating Activities $15.70M
Capital Expenditures $2.377M
Free Cash Flow $13.32M
YoY Change -45.45%

Facts In Submission

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dei Entity Registrant Name
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Shoals Technologies Group, Inc.
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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186745000 usd
CY2023Q1 shls Noncontrolling Interest Increase Decrease From Equity Reallocation
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Profit Loss
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18924000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Profit Loss
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Amortization Of Financing Costs
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Inventory Write Down
InventoryWriteDown
1505000 usd
us-gaap Product Warranty Expense
ProductWarrantyExpense
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DeferredIncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Long Term Lines Of Credit
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148750000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25331000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11601000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
458000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8766000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11106000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9224000 usd
us-gaap Interest Paid Net
InterestPaidNet
13452000 usd
us-gaap Interest Paid Net
InterestPaidNet
17380000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
106000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
991000 usd
shls Recording Of Deferred Tax Assets
RecordingOfDeferredTaxAssets
0 usd
shls Recording Of Deferred Tax Assets
RecordingOfDeferredTaxAssets
187648000 usd
CY2024Q3 shls Number Of Subsidiaries
NumberOfSubsidiaries
4 subsidiary
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:125%">Reclassifications</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:125%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. Significant estimates include revenue recognition, allowance for credit losses, useful lives of property, plant and equipment and other intangible assets, impairment of long-lived assets, allowance for obsolete or slow moving inventory, valuation allowance on deferred tax assets, equity-based compensation expense and warranty liability.</span></div>
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
96078000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
107877000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
777000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
759000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
95301000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
107118000 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
67043000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
57608000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
3483000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1111000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1203000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
654000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5875000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6569000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
65854000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
52804000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
40429000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
34393000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12374000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9557000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28055000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24836000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
1300000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
700000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
1100000 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
500000 usd
CY2024Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
200000 usd
CY2023Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
200000 usd
us-gaap Depreciation
Depreciation
3600000 usd
us-gaap Depreciation
Depreciation
1700000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
2900000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
1200000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
700000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
500000 usd
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
CY2024Q3 us-gaap Goodwill
Goodwill
69900000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
69900000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
102200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
102200000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59221000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
53532000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
42979000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
48668000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1900000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000.0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000.0 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4475000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10796000 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
388000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5934000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8002000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6177000 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
12865000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
22907000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
47330000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9634000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
54914000 usd
CY2024Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
13809000 usd
CY2023Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
50421000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
15203000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
59723000 usd
CY2024Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6396000 usd
CY2023Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3441000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
15374000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3669000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
54743000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
54743000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
56614000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
34743000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17254000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
34743000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17254000 usd
CY2024Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
20000000 usd
CY2023Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
39360000 usd
CY2024Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
20000000 usd
CY2023Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
39360000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2305000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
141750000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
181445000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2000000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
141750000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
179445000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-267000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16309000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23392000 usd
CY2023Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
16309000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
23392000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
169190000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162173000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
169310000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162611000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17100000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
15700000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2024Q3 shls Limitation On Issuance Of Class B Common Stock Ratio Of Class B Common Stock Held To Number Of Llc Interests Held Maximum
LimitationOnIssuanceOfClassBCommonStockRatioOfClassBCommonStockHeldToNumberOfLLCInterestsHeldMaximum
1
CY2024Q2 shls Accelerated Share Repurchases Initial Shares Repurchased Percentage Of Notional Amount
AcceleratedShareRepurchasesInitialSharesRepurchasedPercentageOfNotionalAmount
0.60
CY2024Q2 us-gaap Accelerated Share Repurchases Initial Price Paid Per Share
AcceleratedShareRepurchasesInitialPricePaidPerShare
6.81
CY2024Q2 shls Accelerated Share Repurchases Number Of Shares Received
AcceleratedShareRepurchasesNumberOfSharesReceived
2202643 shares
CY2024Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
6.40
CY2023Q2 us-gaap Loss Contingency Patents Allegedly Infringed Number
LossContingencyPatentsAllegedlyInfringedNumber
2 patent
CY2024Q1 shls Loss Contingency Patent Removed From Infringement Number
LossContingencyPatentRemovedFromInfringementNumber
1 patent
CY2024Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1000000.0 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
102165000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
134209000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
292221000 usd
CY2024Q3 us-gaap Billed Contract Receivables
BilledContractReceivables
92091000 usd
CY2023Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
102232000 usd
CY2024Q3 us-gaap Retainage Deposit
RetainageDeposit
3210000 usd
CY2023Q4 us-gaap Retainage Deposit
RetainageDeposit
4886000 usd
CY2024Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
13792000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
40136000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
20562000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
22228000 usd
CY2022Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
48600000 usd
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
16700000 usd
CY2022Q4 us-gaap Retainage Deposit
RetainageDeposit
2000000 usd
CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
19400000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
23300000 usd

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