$SND
Smart Sand, Inc.

2020 Q2 Form 10-Q Financial Statement

#000152962820000113 Filed on August 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $26.11M $67.94M
YoY Change -61.58% 24.78%
Cost Of Revenue $11.91M $43.07M
YoY Change -72.36% 24.19%
Gross Profit $14.20M $24.87M
YoY Change -42.91% 25.81%
Gross Profit Margin 54.39% 36.61%
Selling, General & Admin $2.930M $2.790M
YoY Change 5.02% -22.39%
% of Gross Profit 20.63% 11.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.253M $6.171M
YoY Change -14.88% 54.51%
% of Gross Profit 36.99% 24.81%
Operating Expenses $5.546M $5.668M
YoY Change -2.15% -17.39%
Operating Profit $8.654M $19.21M
YoY Change -54.94% 48.77%
Interest Expense -$607.0K -$994.0K
YoY Change -38.93% 98.8%
% of Operating Profit -7.01% -5.18%
Other Income/Expense, Net -$544.0K -$957.0K
YoY Change -43.16% 101.47%
Pretax Income $8.110M $18.25M
YoY Change -55.56% 46.76%
Income Tax $3.470M $3.972M
% Of Pretax Income 42.79% 21.77%
Net Earnings $4.641M $14.28M
YoY Change -67.49% 42.46%
Net Earnings / Revenue 17.78% 21.01%
Basic Earnings Per Share $0.12 $0.36
Diluted Earnings Per Share $0.12 $0.36
COMMON SHARES
Basic Shares Outstanding 39.64M shares 40.07M shares
Diluted Shares Outstanding 39.64M shares 40.17M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.60M $1.300M
YoY Change 1176.92% -23.53%
Cash & Equivalents $16.64M $1.253M
Short-Term Investments
Other Short-Term Assets $4.100M $1.900M
YoY Change 115.79% -54.76%
Inventory $20.29M $12.38M
Prepaid Expenses
Receivables $55.97M $45.65M
Other Receivables $0.00 $0.00
Total Short-Term Assets $97.05M $68.50M
YoY Change 41.69% 45.39%
LONG-TERM ASSETS
Property, Plant & Equipment $225.2M $251.0M
YoY Change -10.28% 12.05%
Goodwill
YoY Change
Intangibles $8.649M $17.23M
YoY Change -49.81% -12.46%
Long-Term Investments
YoY Change
Other Assets $3.475M $3.374M
YoY Change 2.99% 0.42%
Total Long-Term Assets $262.2M $304.0M
YoY Change -13.76% 14.99%
TOTAL ASSETS
Total Short-Term Assets $97.05M $68.50M
Total Long-Term Assets $262.2M $304.0M
Total Assets $359.2M $372.5M
YoY Change -3.56% 19.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.234M $8.050M
YoY Change -59.83% -39.78%
Accrued Expenses $12.50M $23.60M
YoY Change -47.03% 107.02%
Deferred Revenue $6.717M $3.401M
YoY Change 97.5% -29.22%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.430M $40.24M
YoY Change -84.02% 9959.5%
Total Short-Term Liabilities $33.11M $75.27M
YoY Change -56.01% 151.08%
LONG-TERM LIABILITIES
Long-Term Debt $24.87M $6.396M
YoY Change 288.76% -85.69%
Other Long-Term Liabilities $24.40M $39.30M
YoY Change -37.91% 110.16%
Total Long-Term Liabilities $24.87M $6.396M
YoY Change 288.76% -89.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.11M $75.27M
Total Long-Term Liabilities $24.87M $6.396M
Total Liabilities $107.9M $143.1M
YoY Change -24.61% 31.08%
SHAREHOLDERS EQUITY
Retained Earnings $87.87M $68.59M
YoY Change 28.12% 61.06%
Common Stock $167.3M $163.8M
YoY Change 2.12% 2.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.024M $2.978M
YoY Change 35.12% 254.95%
Treasury Stock Shares 1.560M shares 740.4K shares
Shareholders Equity $251.3M $228.0M
YoY Change
Total Liabilities & Shareholders Equity $359.2M $372.5M
YoY Change -3.56% 19.59%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $4.641M $14.28M
YoY Change -67.49% 42.46%
Depreciation, Depletion And Amortization $5.253M $6.171M
YoY Change -14.88% 54.51%
Cash From Operating Activities $13.78M $11.08M
YoY Change 24.37% -46.0%
INVESTING ACTIVITIES
Capital Expenditures -$2.230M -$5.370M
YoY Change -58.47% -73.11%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.230M -$5.370M
YoY Change -58.47% -89.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.430M -6.830M
YoY Change -5.86% -124.02%
NET CHANGE
Cash From Operating Activities 13.78M 11.08M
Cash From Investing Activities -2.230M -5.370M
Cash From Financing Activities -6.430M -6.830M
Net Change In Cash 5.120M -1.120M
YoY Change -557.14% 25.84%
FREE CASH FLOW
Cash From Operating Activities $13.78M $11.08M
Capital Expenditures -$2.230M -$5.370M
Free Cash Flow $16.01M $16.45M
YoY Change -2.67% -59.37%

Facts In Submission

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NetIncomeLoss
-84000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
245380000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
384000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
943000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
12000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4640000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
251328000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
207947000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
145000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
790000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
9000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
40000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
4033000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
212941000 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
91000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
754000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
9000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
14276000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
227955000 USD
us-gaap Net Income Loss
NetIncomeLoss
4556000 USD
us-gaap Net Income Loss
NetIncomeLoss
18309000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
10697000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
12501000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
398000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
837000 USD
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
0 USD
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
1883000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-275000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
53000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
117000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
92000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
331000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1004000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4287000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1968000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1544000 USD
snd Employee Stock Purchase Plan Compensation
EmployeeStockPurchasePlanCompensation
25000 USD
snd Employee Stock Purchase Plan Compensation
EmployeeStockPurchasePlanCompensation
18000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1020000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1542000 USD
us-gaap Accretion Expense
AccretionExpense
61000 USD
us-gaap Accretion Expense
AccretionExpense
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2957000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26663000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-4717000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-512000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1128000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6194000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-460000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1587000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2196000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-694000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-361000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1977000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2618000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
3925000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3646000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25842000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17403000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6423000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13869000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6423000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13869000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
952000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4696000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2482000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
734000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
56000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
50000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
20000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
835000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
22750000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
28250000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
310000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1225000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
46000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
40000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1045000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
139000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5415000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3747000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
14004000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-213000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2639000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1466000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16643000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1253000 USD
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
0 USD
us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
3301000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
225000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1237000 USD
us-gaap Nature Of Operations
NatureOfOperations
Organization and Nature of Business &amp; Market Update<div style="margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Organization and Nature of Business</span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company was incorporated in July 2011 and is headquartered in The Woodlands, Texas. The Company is a fully integrated frac sand supply and services company, offering complete mine to wellsite proppant logistics and storage solutions. The Company is engaged in the excavation, processing and sale of sand, or proppant, for use in hydraulic fracturing operations for the oil and natural gas industry and offers proppant logistics and wellsite storage solutions through its SmartSystems</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;vertical-align:top;">TM </sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">products and services. </span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company completed construction of the first phase of its frac sand mine and related processing facility in Oakdale, Wisconsin and commenced operations in July 2012, and subsequently expanded its operations in 2014, 2015 and 2018 to the current annual processing capacity of approximately 5.5 million tons. </span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company provides complete logistics solutions through both its integrated Oakdale facility, with on-site rail infrastructure, with access to two Class I rail lines and its in-basin unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation in the Williston Basin. These logistics solutions enable the Company to cost-effectively deliver products to its customers anywhere in the United States. </span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company provides proppant storage and management solutions through its SmartSystems products and services under which it offers various solutions that create efficiencies, flexibility, enhanced safety and reliability for customers by providing the capability to unload, store and deliver proppant at the wellsite, as well as the ability to rapidly set up, takedown and transport the entire system. The SmartDepot</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;vertical-align:top;">TM</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> silo system includes passive and active dust suppression technology, along with the capability of a gravity-fed operation. SmartSystems operate with proprietary the SmartSystem Tracker</span><sup style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;vertical-align:top;">TM</sup><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> software program, which allows users to monitor silo-specific information, including location, proppant type, and proppant inventory. The Company is currently developing a new transload technology to complement its existing solutions.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Market Update</span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Generally, the price of frac sand correlates with the level of drilling and completions activity for oil and natural gas in the United States and Canada. In recent years, the increasing supply of sand, particularly in-basin sand, relative to demand, has led to a continued depression of frac sand prices. The willingness of exploration and production companies to engage in drilling and completing new wells is determined by a number of factors, the most important of which are the prevailing and projected prices of oil and natural gas, the cost to drill, complete and operate a well, the availability and cost of capital and environmental and government regulations, as well as their ability to acquire the sand at the wellsite. </span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Recently, oil prices declined to all-time lows as a result of decreased demand for oil from the COVID-19 coronavirus pandemic, as well as an increase in global oil supply driven by disagreements with respect to oil pricing between Russia and members of the Organization of the Petroleum Exporting Countries (“OPEC”), particularly Saudi Arabia. The COVID-19 coronavirus pandemic has caused a global decrease in all means of travel, the closure of borders between countries and a general slowing of economic activity worldwide which has decreased the demand for oil. In early March, discussions between Russia and Saudi Arabia deteriorated and the countries ended a three-year supply level agreement, which resulted in each country increasing its oil production. Subsequently, Russia and OPEC agreed to certain production cuts to mitigate the decline in the price of oil, however, such cuts may not be sufficient to stabilize the oil market if the decline in demand due to the COVID-19 coronavirus pandemic continues. Oil and natural gas prices are expected to continue to be depressed as a result of the increase of near-term supply and the decrease in overall demand caused by these events, and the Company cannot predict when prices will improve or stabilize. </span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> In response to market conditions, the Company has reduced its total capital expenditure budget, primarily a reduction to SmartSystems manufacturing plans. The Company has also put in place several cost-cutting measures, including headcount reductions at its Oakdale and Saskatoon, Canada operating facilities, salary reductions and suspension of certain variable cash compensation programs for all employees, and reduced compensation for board members. The Company has also taken steps to limit cash outflows in the near-term by negotiating for deferred payments on certain of its operating leases, debt and minimum royalty payments. The Company has put in place multiple initiatives to protect the health and well-being of its workforce and </span></div><div style="margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">its customers, including work-from-home arrangements for all employees that are able to do so and implementing social distancing requirements as prescribed by the federal, state and local government authorities. </span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The ultimate disruption caused by these events is uncertain; however they may result in a material adverse impact on the Company’s financial position, results of operations and cash flows. Possible effects may include, but are not limited to, disruption to the Company’s customers and revenue, absenteeism in the Company’s labor workforce, unavailability of products and supplies used in operations, a decline in value of assets held by the Company, including accounts receivable, inventories, property, plant and equipment and intangible assets, and a decrease in liquidity due to lower cash flows from operations being generated, a reduction in the availability to borrow under the ABL Credit Facility and inability to access other sources of liquidity and capital, such as equipment financings or the capital markets.</span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Management is actively monitoring these global events, but given the rapidly changing nature of these events, the Company is currently unable to estimate the impact of these events on its future financial position and results of operations. Therefore, the Company can give no assurances that the events will not have a material adverse effect on its financial position or results of operations.</span></div>
CY2020Q2 snd Current Annual Processing Capacity
CurrentAnnualProcessingCapacity
5500000 T
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Revision of Previously Issued Financial Statements for Immaterial Misstatements</span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">During the quarter ended June 30, 2020, the Company identified an error in costs of goods sold in the Company’s audited financial statements for the year ended December 31, 2018. The error related to a vendor rebate the company received during the current period, $1,800 of which related to expenses attributable to fiscal year 2018. As a result of the error, the Company reduced costs of goods sold by $1,800 and increased income tax expense by $387 in its audited financial statements for the year ended December 31, 2018, and increased prepaid expenses and other current assets by $1,800, increased deferred tax liability by $387 and increased retained earnings by $1,413 in its audited financial statements for the year ended December 31, 2019. Additionally, certain 2019 balance sheet items have been reclassified to conform to the current financial statement presentation. These reclassifications have no effect on previously reported net income.</span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Pursuant to the guidance of Staff Accounting Bulletin (“SAB”) No. 99, “Materiality”, the Company evaluated the materiality of these errors quantitatively and qualitatively and concluded that the errors described above were not material to any of its prior annual or quarterly financial statements or trends of financial results. However, due to reduced activity and the current economic environment, the errors could be considered material to the Company’s current period financial statements. As such, the Company has revised the prior period financial statements in accordance with SAB No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements.” The Company expects to similarly revise previously presented historical financial statements for these immaterial errors in future filings, including the annual audited financial statements to be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates used in the preparation of these financial statements include, but are not limited to: the sand reserves and their impact on calculating the depletion expense under the units-of-production method; depreciation and amortization associated with property, plant and equipment and definite-lived intangible assets; impairment considerations of assets (including impairment of identified intangible assets and other long-lived assets); estimated cost of future asset retirement obligations; stock-based compensation; recoverability of deferred tax assets; inventory reserve; collectability of receivables; and certain liabilities.</span></div><div style="text-indent:27pt;margin-bottom:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> Actual results could differ from management’s best estimates as additional information or actual results become available in the future, and those differences could be material. The increased supply of oil and the decreased demand related to the COVID-19 coronavirus pandemic have caused a dramatic decline in oil prices and significant volatility in the oilfield services sector. The Company is currently unable to estimate the impact of these events on its future financial position and results of operations. Therefore, the Company can give no assurances that the events will not have a material adverse effect on its financial position or results of operations.</span></div>
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
298762000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
293525000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
73597000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
63064000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
225165000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
230461000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
5253000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
6171000 USD
us-gaap Depreciation
Depreciation
10529000 USD
us-gaap Depreciation
Depreciation
12038000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
749000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2233000 USD
CY2020Q2 us-gaap Construction Payable Current
ConstructionPayableCurrent
4000 USD
CY2019Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
188000 USD
CY2020Q2 snd Accrued Equipment Expense
AccruedEquipmentExpense
14000 USD
CY2019Q4 snd Accrued Equipment Expense
AccruedEquipmentExpense
429000 USD
CY2020Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
695000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
750000 USD
CY2020Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
1581000 USD
CY2019Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2419000 USD
CY2020Q2 snd Accrued Freight And Delivery Charges Current
AccruedFreightAndDeliveryChargesCurrent
539000 USD
CY2019Q4 snd Accrued Freight And Delivery Charges Current
AccruedFreightAndDeliveryChargesCurrent
882000 USD
CY2020Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
605000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
806000 USD
CY2020Q2 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
178000 USD
CY2019Q4 us-gaap Accrued Utilities Current And Noncurrent
AccruedUtilitiesCurrentAndNoncurrent
10000 USD
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AccruedIncomeTaxes
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AccruedIncomeTaxes
424000 USD
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CY2020Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
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AccruedLiabilitiesAndOtherLiabilities
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CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
28240000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2928000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6642000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
8713000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
31295000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24892000 USD
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OperatingLeaseRightOfUseAsset
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FinanceLeaseRightOfUseAsset
440000 USD
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FinanceLeaseRightOfUseAsset
505000 USD
CY2020Q2 snd Lessee Lease Assets
LesseeLeaseAssets
25332000 USD
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LesseeLeaseAssets
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OperatingLeaseLiability
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CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
531000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
590000 USD
CY2020Q2 snd Lessee Lease Liability
LesseeLeaseLiability
25981000 USD
CY2019Q4 snd Lessee Lease Liability
LesseeLeaseLiability
29167000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
35000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
34000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
69000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
64000 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
19000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
22000 USD
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
3105000 USD
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
4257000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
7095000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
7364000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
64000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
120000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
234000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
134000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
3213000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
4422000 USD
us-gaap Lease Cost
LeaseCost
7417000 USD
us-gaap Lease Cost
LeaseCost
7584000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
19000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
20000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
6902000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
7288000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
56000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
58000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
55000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4322000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4100000 USD
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0660
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0669
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0568
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0550
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4257000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
72000 USD
CY2020Q2 snd Finance And Operating Lease Liability Payments Remainderof Fiscal Year
FinanceAndOperatingLeaseLiabilityPaymentsRemainderofFiscalYear
4329000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9404000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
151000 USD
CY2020Q2 snd Finance And Operating Lease Liability Payments Due Year One
FinanceAndOperatingLeaseLiabilityPaymentsDueYearOne
9555000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6976000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
136000 USD
CY2020Q2 snd Finance And Operating Lease Liability Payments Due Year Two
FinanceAndOperatingLeaseLiabilityPaymentsDueYearTwo
7112000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4476000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
245000 USD
CY2020Q2 snd Finance And Operating Lease Liability Payments Due Year Three
FinanceAndOperatingLeaseLiabilityPaymentsDueYearThree
4721000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2735000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2020Q2 snd Finance And Operating Lease Liability Payments Due Year Four
FinanceAndOperatingLeaseLiabilityPaymentsDueYearFour
2735000 USD
CY2020Q2 snd Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
158000 USD
CY2020Q2 snd Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 USD
CY2020Q2 snd Finance And Operating Lease Liability Payments Due After Year Four
FinanceAndOperatingLeaseLiabilityPaymentsDueAfterYearFour
158000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28006000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
604000 USD
CY2020Q2 snd Finance And Operating Lease Liability Payments Due
FinanceAndOperatingLeaseLiabilityPaymentsDue
28610000 USD
CY2020Q2 snd Finance And Operating Lease Liability Undiscounted Excess Amount
FinanceAndOperatingLeaseLiabilityUndiscountedExcessAmount
2629000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2556000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
73000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
25450000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
531000 USD
CY2020Q2 snd Finance And Operating Lease Liability
FinanceAndOperatingLeaseLiability
25981000 USD
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6293000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6142000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
151000 USD
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6293000 USD
CY2020Q2 snd Business Combination Contingent Consideration Arrangements Changein Fair Valueof Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeinFairValueofContingentConsiderationLiability
0 USD
CY2019Q2 snd Business Combination Contingent Consideration Arrangements Changein Fair Valueof Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeinFairValueofContingentConsiderationLiability
-575000 USD
snd Business Combination Contingent Consideration Arrangements Changein Fair Valueof Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeinFairValueofContingentConsiderationLiability
-1020000 USD
snd Business Combination Contingent Consideration Arrangements Changein Fair Valueof Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeinFairValueofContingentConsiderationLiability
-1542000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
570000 USD
CY2020Q2 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
570000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26106000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67941000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73594000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
119716000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9324000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2684000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4970000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1670000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
765000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2253000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
765000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2253000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39644000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40074000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39867000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40035000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
99000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
82000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39644000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40173000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39867000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40117000 shares
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5579000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5579000 USD
CY2020Q1 snd Ppp Change In Tax Rate Deferred Tax Liability Income Tax Benefit
PPPChangeInTaxRateDeferredTaxLiabilityIncomeTaxBenefit
821000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.428
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.218
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.444
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.213
CY2019Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 USD
CY2020Q2 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 USD
CY2020Q2 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
256000 USD
CY2020Q2 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
2418000 USD
CY2020Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
2466000 USD
CY2020Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
2716000 USD
CY2020Q2 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
2469000 USD
CY2020Q2 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
30117000 USD
CY2020Q2 us-gaap Other Commitment
OtherCommitment
40442000 USD

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