2021 Q4 Form 10-K Financial Statement

#000152962822000029 Filed on March 08, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $35.08M $126.6M $25.34M
YoY Change 38.45% 3.52% -46.85%
Cost Of Revenue $41.60M $140.4M $33.00M
YoY Change 26.07% 34.7% 10.76%
Gross Profit -$6.522M -$15.91M -$7.662M
YoY Change -14.88% -187.79% -142.87%
Gross Profit Margin -18.59% -12.56% -30.24%
Selling, General & Admin $7.981M $14.75M $8.010M
YoY Change -0.36% -5.01% 30.46%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.388M $24.67M $6.070M
YoY Change 5.24% 13.54% -17.08%
% of Gross Profit
Operating Expenses $8.471M $47.58M $13.29M
YoY Change -36.28% 52.81% -5.01%
Operating Profit -$14.99M -$63.49M -$20.96M
YoY Change -28.45% 387.71% -640.24%
Interest Expense -$452.0K -$1.979M -$520.0K
YoY Change -13.08% -5.36% -23.53%
% of Operating Profit
Other Income/Expense, Net $316.0K $3.794M $320.0K
YoY Change -1.25% -90.01% 700.0%
Pretax Income -$15.13M -$59.69M -$21.44M
YoY Change -29.44% -339.01% -900.0%
Income Tax -$2.896M -$9.017M -$9.680M
% Of Pretax Income
Net Earnings -$12.23M -$50.67M -$2.884M
YoY Change 324.17% -233.51% -220.77%
Net Earnings / Revenue -34.87% -40.01% -11.38%
Basic Earnings Per Share -$1.21 -$0.07
Diluted Earnings Per Share -$292.2K -$1.21 -$0.07
COMMON SHARES
Basic Shares Outstanding 45.27M shares 41.78M shares 43.52M shares
Diluted Shares Outstanding 41.78M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.59M $25.59M $11.70M
YoY Change 118.7% 118.7% 350.0%
Cash & Equivalents $25.59M $25.59M $11.73M
Short-Term Investments
Other Short-Term Assets $13.89M $9.067M $11.40M
YoY Change 21.81% -20.46% 159.09%
Inventory $15.02M $15.02M $19.14M
Prepaid Expenses $731.0K $655.0K
Receivables $17.48M $19.37M $69.72M
Other Receivables $4.819M $4.819M $377.0K
Total Short-Term Assets $73.86M $73.86M $112.1M
YoY Change -34.1% -34.11% 21.6%
LONG-TERM ASSETS
Property, Plant & Equipment $262.5M $292.3M $274.7M
YoY Change -4.45% -4.73% 19.19%
Goodwill
YoY Change
Intangibles $7.461M $8.253M
YoY Change -9.6% -8.77%
Long-Term Investments
YoY Change
Other Assets $402.0K $402.0K $563.0K
YoY Change -28.6% -33.0% -84.1%
Total Long-Term Assets $300.2M $300.2M $315.6M
YoY Change -4.89% -4.89% 16.36%
TOTAL ASSETS
Total Short-Term Assets $73.86M $73.86M $112.1M
Total Long-Term Assets $300.2M $300.2M $315.6M
Total Assets $374.0M $374.0M $427.7M
YoY Change -12.55% -12.55% 17.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.479M $8.479M $3.268M
YoY Change 159.46% 156.94% -17.5%
Accrued Expenses $14.07M $23.10M $13.14M
YoY Change 7.08% 14.37% -39.44%
Deferred Revenue $9.842M $6.875M
YoY Change 43.16% -10.18%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.127M $7.127M $6.901M
YoY Change 3.27% 3.29% 11.76%
Total Short-Term Liabilities $48.55M $48.55M $37.26M
YoY Change 30.29% 30.16% -6.88%
LONG-TERM LIABILITIES
Long-Term Debt $15.35M $15.35M $22.45M
YoY Change -31.6% -31.46% -20.52%
Other Long-Term Liabilities $249.0K $46.52M $503.0K
YoY Change -50.5% 0.7%
Total Long-Term Liabilities $15.60M $61.88M $22.95M
YoY Change -32.01% -9.8% -18.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.55M $48.55M $37.26M
Total Long-Term Liabilities $15.60M $61.88M $22.95M
Total Liabilities $132.9M $132.9M $138.9M
YoY Change -4.33% -4.35% 17.84%
SHAREHOLDERS EQUITY
Retained Earnings $70.59M $121.3M
YoY Change -41.79% 45.56%
Common Stock $174.5M $171.3M
YoY Change 1.91% 3.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.535M $4.134M
YoY Change 9.7% 38.77%
Treasury Stock Shares 1.777M shares 1.618M shares
Shareholders Equity $241.2M $241.2M $288.8M
YoY Change
Total Liabilities & Shareholders Equity $374.0M $374.0M $427.7M
YoY Change -12.55% -12.55% 17.69%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$12.23M -$50.67M -$2.884M
YoY Change 324.17% -233.51% -220.77%
Depreciation, Depletion And Amortization $6.388M $24.67M $6.070M
YoY Change 5.24% 13.54% -17.08%
Cash From Operating Activities -$5.106M $32.44M $3.320M
YoY Change -253.8% 27.0% -22.79%
INVESTING ACTIVITIES
Capital Expenditures -$4.244M $11.22M -$1.180M
YoY Change 259.66% 30.16% -80.37%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $78.00K $10.00K
YoY Change -100.0% 30.0% -90.0%
Cash From Investing Activities -$4.244M -$11.14M -$1.170M
YoY Change 262.74% 30.18% -80.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $402.0K
YoY Change -65.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.741M -$7.433M -1.420M
YoY Change 22.61% -5.86% -166.36%
NET CHANGE
Cash From Operating Activities -5.106M $32.44M 3.320M
Cash From Investing Activities -4.244M -$11.14M -1.170M
Cash From Financing Activities -1.741M -$7.433M -1.420M
Net Change In Cash -11.09M $13.86M 730.0K
YoY Change -1619.32% 52.58% 37.74%
FREE CASH FLOW
Cash From Operating Activities -$5.106M $32.44M $3.320M
Capital Expenditures -$4.244M $11.22M -$1.180M
Free Cash Flow -$862.0K $21.22M $4.500M
YoY Change -119.16% 25.39% -56.35%

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CY2021 us-gaap Nature Of Operations
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Organization and Nature of Business<div style="margin-bottom:9pt;text-indent:27pt"><span style="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 frac sand supply and logistics 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 began offering sand as Industrial Product Solutions to customers in late 2021. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Sand Mines and Processing Facilities</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s integrated Oakdale facility, with on-site rail infrastructure and wet and dry sand processing facilities, has access to two Class I rail lines which enable the Company to process and cost effectively deliver products to its customers. The Company also offers proppant logistics solutions to its customers through, among other things, its in-basin transloading terminals and its SmartSystems</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> wellsite proppant storage and management capabilities. The Company completed construction of the first phase of its mine and processing facility near Oakdale, Wisconsin and commenced operations in July 2012, and subsequently expanded its operations in 2014, 2015 and 2018. Currently, the Company’s annual processing capacity is approximately 5.5 million tons. </span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2020, the Company acquired from Eagle Materials Inc., a Delaware corporation (“Eagle”), all of the issued and outstanding interests in Eagle Oil and Gas Proppants Holdings LLC, a Delaware limited liability company and wholly-owned subsidiary of Eagle (“Eagle Proppants Holdings”). The primary assets of Eagle Proppants Holdings and its subsidiaries include two frac sand mines and related processing facilities in Utica, Illinois and New Auburn, Wisconsin. The Company has no plans to operate the New Auburn Facility. The Utica facility has an annual processing capacity of 1.6 million tons and access to the Burlington Northern Santa Fe (“BNSF”) Class I rail line through the Peru, Illinois transload facility. The Company began operating the Utica, Illinois mine and Peru, Illinois transload facility in October 2020. </span></div><div style="margin-bottom:9pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 4, 2022, the Company entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Hi-Crush Inc., a Delaware corporation (“HCR”), and Hi-Crush Blair LLC, a Delaware limited liability company and wholly-owned subsidiary of HCR (“Blair”), pursuant to which the Company acquired all of the issued and outstanding limited liability company interests of Blair from HCR for aggregate cash consideration of approximately $6,450, subject to customary purchase price adjustments as set forth in the Purchase Agreement (the “Transaction”). Entities affiliated with Clearlake Capital Group, L.P. (“Clearlake”), who collectively own approximately 24% of the Company’s outstanding common stock, also own a significant portion of the outstanding common stock of HCR, and representatives of Clearlake serve on our board of directors and HCR’s board of directors.</span></div><div style="margin-bottom:9pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The primary assets of Blair consist of an idle frac sand mine and related processing facility located in Blair, Wisconsin. The Blair facility has approximately 2.8 million tons of total annual processing capacity and contains an onsite, unit train capable rail terminal with access to the Class 1 Canadian National Railway. </span></div><div style="margin-bottom:9pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">With this acquisition, the Company has direct access to four Class I rail lines and the ability to access all Class 1 rail lines within the United States and Canada.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Transload &amp; Logistics Solutions</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2018, the Company acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation in the Williston Basin and began providing Northern White Sand in-basin in April 2018. </span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2020, the acquisition of Eagle also included rights to use a rail terminal located in El Reno, Oklahoma, which was idled at the time of the acquisition but has recently started operating again.</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2021, the Company acquired the rights to construct and operate another transloading terminal in Waynesburg, Pennsylvania to service the Appalachian Basin, including the Marcellus and Utica Formations. The Company began providing Northern White Sand through this terminal in January 2022. </span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2018, the Company acquired substantially all of the assets of Quickthree Solutions, Inc., (“Quickthree”), a manufacturer of portable vertical proppant storage solution systems. Quickthree formed the basis for the Company’s SmartSystems under which it offers various proppant storage 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 </span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">rapidly set up, takedown and transport the entire system. The SmartDepot</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> silo includes passive and active dust suppression technology, along with the capability of gravity-fed operation. The self-contained SmartPath</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> transloader is a mobile sand transloading system designed to work with bottom dump trailers and features a drive over conveyor, surge bin, and dust collection system. Rapid deployment trailers are designed for quick setup, takedown and transportation of the entire SmartSystem, and they detach from the wellsite equipment, which allows for removal from the wellsite during operation. A proprietary software program, the SmartSystem Tracker</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, allows customers to monitor silo-specific information, including location, proppant type and proppant inventory.</span>
CY2021Q4 snd Current Annual Processing Capacity
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5500000 T
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in 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; the depreciation and amortization associated with property, plant and equipment and definite-lived intangible assets; impairment considerations of intangible assets; estimated cost of future asset retirement obligations; fair value of acquired assets and assume liabilities; stock-based compensation; recoverability of deferred tax assets; inventory reserve; collectability of receivables; and certain liabilities. </span></div>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 decreased demand related to the coronavirus (“COVID-19”) pandemic caused dramatic swings in oil prices and significant volatility in the oilfield service sector since March 2020. 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 these events will not have a material adverse effect on its financial position or results of operations.
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.60
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.40
CY2021Q4 snd Contract With Customer Liability Unbilled Receivables
ContractWithCustomerLiabilityUnbilledReceivables
0 USD
CY2020Q4 snd Contract With Customer Liability Unbilled Receivables
ContractWithCustomerLiabilityUnbilledReceivables
1443000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19592000 USD
CY2021 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
35000000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2170000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
291000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
290000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
861000 USD
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
15542000 USD
CY2019 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2020 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 USD
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3011000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1886000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
764000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41775000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40260000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40135000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
202000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41775000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40260000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40337000 shares
CY2020 snd Depletion And Related Adjustment
DepletionAndRelatedAdjustment
18000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
131189000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
23173000 USD
CY2021 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
3161000 USD
CY2021 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
3021000 USD
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
404000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
177000 USD
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
731000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
655000 USD
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
7932000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
10169000 USD
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4819000 USD
CY2020Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
377000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13886000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11378000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
372363000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
359664000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
109898000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
84988000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
262465000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
274676000 USD
CY2021 us-gaap Depreciation
Depreciation
24667000 USD
CY2020 us-gaap Depreciation
Depreciation
21725000 USD
CY2019 us-gaap Depreciation
Depreciation
25689000 USD
CY2021 snd Depletion And Related Adjustment
DepletionAndRelatedAdjustment
36000 USD
CY2019 snd Depletion And Related Adjustment
DepletionAndRelatedAdjustment
49000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8253000 USD
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7461000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9046000 USD
CY2020 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
793000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8253000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2839000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2047000 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P9Y4M24D
CY2021Q4 snd Lessee Lease Assets
LesseeLeaseAssets
30090000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
792000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
792000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
792000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
792000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
792000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
3501000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7461000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
806000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1048000 USD
CY2021Q4 snd Accrued Equipment Expense
AccruedEquipmentExpense
58000 USD
CY2020Q4 snd Accrued Equipment Expense
AccruedEquipmentExpense
55000 USD
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
691000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1129000 USD
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2701000 USD
CY2020Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2624000 USD
CY2021Q4 snd Accrued Freight And Delivery Charges Current
AccruedFreightAndDeliveryChargesCurrent
2164000 USD
CY2020Q4 snd Accrued Freight And Delivery Charges Current
AccruedFreightAndDeliveryChargesCurrent
2901000 USD
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1010000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1637000 USD
CY2021Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1264000 USD
CY2020Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
748000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
665000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1386000 USD
CY2021Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2332000 USD
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
0 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2382000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1614000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14073000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13142000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7127000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6901000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
15353000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
22445000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8421000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
7254000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7695000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1911000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
174000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
25455000 USD
CY2021 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
2427000 USD
CY2021Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
548000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7127000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
15353000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29828000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32099000 USD
CY2020Q4 snd Lessee Lease Assets
LesseeLeaseAssets
32472000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
32719000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34097000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
351000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
474000 USD
CY2021Q4 snd Lessee Lease Liability
LesseeLeaseLiability
33070000 USD
CY2020Q4 snd Lessee Lease Liability
LesseeLeaseLiability
34571000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
139000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
139000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
28000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
36000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
11008000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
12087000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
428000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
238000 USD
CY2021 us-gaap Lease Cost
LeaseCost
11603000 USD
CY2020 us-gaap Lease Cost
LeaseCost
12500000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
28000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
36000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
10083000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
10523000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
123000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
123000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6903000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15510000 USD
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0660
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0660
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0581
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0578
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10655000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
136000 USD
CY2021Q4 snd Finance And Operating Lease Liability Payments Remainder Next Twelve Months
FinanceAndOperatingLeaseLiabilityPaymentsRemainderNextTwelveMonths
10791000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10135000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
245000 USD
CY2021Q4 snd Finance And Operating Lease Liability Payments Due Year Two
FinanceAndOperatingLeaseLiabilityPaymentsDueYearTwo
10380000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7567000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2021Q4 snd Finance And Operating Lease Liability Payments Due Year Three
FinanceAndOperatingLeaseLiabilityPaymentsDueYearThree
7567000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3773000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2021Q4 snd Finance And Operating Lease Liability Payments Due Year Four
FinanceAndOperatingLeaseLiabilityPaymentsDueYearFour
3773000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4450000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2021Q4 snd Finance And Operating Lease Liability Payments Due Year Five
FinanceAndOperatingLeaseLiabilityPaymentsDueYearFive
4450000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36580000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
381000 USD
CY2021Q4 snd Finance And Operating Lease Liability Payments Due
FinanceAndOperatingLeaseLiabilityPaymentsDue
36961000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3861000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
30000 USD
CY2021Q4 snd Finance And Operating Lease Liability Undiscounted Excess Amount
FinanceAndOperatingLeaseLiabilityUndiscountedExcessAmount
3891000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
32719000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
351000 USD
CY2021Q4 snd Finance And Operating Lease Liability
FinanceAndOperatingLeaseLiability
33070000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
16155000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6142000 USD
CY2020 snd Asset Retirement Obligation Liabilities Incurred And Revision Of Prior Estimated
AssetRetirementObligationLiabilitiesIncurredAndRevisionOfPriorEstimated
8458000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
396000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
14996000 USD
CY2021 snd Asset Retirement Obligation Liabilities Incurred And Revision Of Prior Estimated
AssetRetirementObligationLiabilitiesIncurredAndRevisionOfPriorEstimated
419000 USD
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
740000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
16155000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1358000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126647000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
122340000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
233073000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16270000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10357000 USD
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
9842000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6875000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
6428000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3482000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16270000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10357000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7105
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0163
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
548000 shares
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
675000 shares
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1013000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
261000 shares
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
844000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6114000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6114000 USD
CY2021 snd Ppp Change In Tax Rate Deferred Tax Liability Income Tax Benefit
PPPChangeInTaxRateDeferredTaxLiabilityIncomeTaxBenefit
9700000 USD
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