$TH
Target Hospitality Corp.

2024 Q3 Form 10-Q Financial Statement

#000155837024011323 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $95.19M $100.7M
YoY Change -34.77% -29.87%
Cost Of Revenue $49.98M $53.85M
YoY Change -15.57% -12.1%
Gross Profit $45.21M $46.87M
YoY Change -47.89% -43.1%
Gross Profit Margin 47.49% 46.53%
Selling, General & Admin $13.32M $13.46M
YoY Change -12.79% 0.0%
% of Gross Profit 29.46% 28.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.96M $18.71M
YoY Change -16.47% -14.29%
% of Gross Profit 39.73% 39.92%
Operating Expenses $13.32M $13.46M
YoY Change -12.79% 0.0%
Operating Profit $27.99M $29.55M
YoY Change -58.66% -54.37%
Interest Expense -$3.813M -$4.273M
YoY Change -23.74% -7.13%
% of Operating Profit -13.62% -14.46%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income $24.18M $25.28M
YoY Change -59.83% -57.98%
Income Tax $4.100M $6.900M
% Of Pretax Income 16.96% 27.3%
Net Earnings $19.99M $18.39M
YoY Change -56.13% -60.42%
Net Earnings / Revenue 21.0% 18.25%
Basic Earnings Per Share $0.20 $0.18
Diluted Earnings Per Share $0.20 $0.18
COMMON SHARES
Basic Shares Outstanding 100.4M 100.3M
Diluted Shares Outstanding 101.3M 101.3M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.7M $154.3M
YoY Change 69.12% 121.76%
Cash & Equivalents $177.7M $154.3M
Short-Term Investments
Other Short-Term Assets $6.340M $5.797M
YoY Change -9.43% -16.47%
Inventory
Prepaid Expenses
Receivables $47.29M $48.74M
Other Receivables $0.00 $0.00
Total Short-Term Assets $231.4M $208.8M
YoY Change 34.87% 60.83%
LONG-TERM ASSETS
Property, Plant & Equipment $331.6M $336.4M
YoY Change -7.94% -8.13%
Goodwill $41.04M $41.04M
YoY Change 0.0% 0.0%
Intangibles $56.18M $59.55M
YoY Change -19.35% -18.45%
Long-Term Investments
YoY Change
Other Assets $2.024M $2.177M
YoY Change 101.39% 94.2%
Total Long-Term Assets $478.4M $488.2M
YoY Change -8.87% -8.94%
TOTAL ASSETS
Total Short-Term Assets $231.4M $208.8M
Total Long-Term Assets $478.4M $488.2M
Total Assets $709.8M $697.0M
YoY Change 1.9% 4.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.92M $17.54M
YoY Change -20.36% 1.7%
Accrued Expenses $22.68M $25.76M
YoY Change -27.92% -19.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $179.7M $179.2M
YoY Change -13.64% -13.61%
Total Short-Term Liabilities $229.3M $235.5M
YoY Change -22.06% -27.19%
LONG-TERM LIABILITIES
Long-Term Debt $994.0K $1.106M
YoY Change -0.6% -0.36%
Other Long-Term Liabilities $9.103M $9.098M
YoY Change -37.65% 4898.9%
Total Long-Term Liabilities $10.10M $10.20M
YoY Change -35.28% 5506.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $229.3M $235.5M
Total Long-Term Liabilities $10.10M $10.20M
Total Liabilities $292.2M $299.9M
YoY Change -18.45% -20.17%
SHAREHOLDERS EQUITY
Retained Earnings $319.9M $299.9M
YoY Change 43.27% 68.77%
Common Stock $10.00K $10.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $417.6M $397.2M
YoY Change
Total Liabilities & Shareholders Equity $709.8M $697.0M
YoY Change 1.9% 4.67%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $19.99M $18.39M
YoY Change -56.13% -60.42%
Depreciation, Depletion And Amortization $17.96M $18.71M
YoY Change -16.47% -14.29%
Cash From Operating Activities $31.43M $39.11M
YoY Change -34.8% -29.85%
INVESTING ACTIVITIES
Capital Expenditures $7.783M $7.219M
YoY Change 55.66% 44.38%
Acquisitions
YoY Change
Other Investing Activities $499.0K $0.00
YoY Change 399.0% -100.0%
Cash From Investing Activities -$7.284M -$7.219M
YoY Change -39.8% -64.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -692.0K -1.891M
YoY Change 15.33% -77.11%
NET CHANGE
Cash From Operating Activities 31.43M 39.11M
Cash From Investing Activities -7.284M -7.219M
Cash From Financing Activities -692.0K -1.891M
Net Change In Cash 23.45M 30.00M
YoY Change -33.94% 10.52%
FREE CASH FLOW
Cash From Operating Activities $31.43M $39.11M
Capital Expenditures $7.783M $7.219M
Free Cash Flow $23.64M $31.89M
YoY Change -45.27% -37.17%

Facts In Submission

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TARGET HOSPITALITY CORP.
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dei Entity Tax Identification Number
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9320 Lakeside Boulevard, Suite 300
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241000
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5000
CY2023Q2 th Shares Issued During Period Value Exercise Of Warrants
SharesIssuedDuringPeriodValueExerciseOfWarrants
167000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
290323000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
377307000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
20383000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1579000
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2615000
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-20000
CY2024Q1 th Shares Issued During Period Value Exercise Of Warrants
SharesIssuedDuringPeriodValueExerciseOfWarrants
3000
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
268000
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
21371000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
375534000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
18386000
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1612000
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-20000
CY2024Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1546000
CY2024Q2 th Share Repurchase Program Reduction In Accrued Excise Tax And Commission True Up
ShareRepurchaseProgramReductionInAccruedExciseTaxAndCommissionTrueUp
108000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
397166000
us-gaap Net Income Loss
NetIncomeLoss
38769000
us-gaap Net Income Loss
NetIncomeLoss
90278000
us-gaap Depreciation
Depreciation
30648000
us-gaap Depreciation
Depreciation
36530000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6730000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6703000
us-gaap Operating Lease Expense
OperatingLeaseExpense
5386000
us-gaap Operating Lease Expense
OperatingLeaseExpense
9471000
th Asset Retirement Obligation Accretion Reverse
AssetRetirementObligationAccretionReverse
-77000
th Asset Retirement Obligation Accretion Reverse
AssetRetirementObligationAccretionReverse
-87000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
540000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1753000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
846000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
313000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-675000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4385000
us-gaap Share Based Compensation
ShareBasedCompensation
4083000
us-gaap Share Based Compensation
ShareBasedCompensation
9113000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-23000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-207000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2128000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1099000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19722000
th Provision For Doubtful Accounts Net Of Recoveries
ProvisionForDoubtfulAccountsNetOfRecoveries
55000
th Provision For Doubtful Accounts Net Of Recoveries
ProvisionForDoubtfulAccountsNetOfRecoveries
65000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-18790000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11547000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3675000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5621000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-13458000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-19425000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2213000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-70359000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-5301000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-6751000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-622000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-751000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
89696000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70275000
th Payments To Acquire Specialty Rental Assets
PaymentsToAcquireSpecialtyRentalAssets
15918000
th Payments To Acquire Specialty Rental Assets
PaymentsToAcquireSpecialtyRentalAssets
42916000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
261000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1493000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
4547000
th Proceeds From Sale Of Property Subject To Operating Lease
ProceedsFromSaleOfPropertySubjectToOperatingLease
42000
th Proceeds From Sale Of Property Subject To Operating Lease
ProceedsFromSaleOfPropertySubjectToOperatingLease
165000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16137000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48791000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
824000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
701000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
125000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
21137000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1504000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
209000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1386000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1252000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1423000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2615000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6418000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23187000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-133585000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50367000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-112095000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103929000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
181673000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154296000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69578000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1109000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2142000
th Non Cash Change In Accrued Excise Tax On Repurchase Of Common Stock
NonCashChangeInAccruedExciseTaxOnRepurchaseOfCommonStock
-126000
th Non Cash Change In Capital Lease Obligation
NonCashChangeInCapitalLeaseObligation
-1054000
th Non Cash Change In Capital Lease Obligation
NonCashChangeInCapitalLeaseObligation
-882000
us-gaap Stock Issued1
StockIssued1
428000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with US GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts may differ from those included in the accompanying unaudited consolidated financial statements.</p>
CY2024Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
10.80
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139900000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
187400000
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
67500000
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
104100000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67500000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92500000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67491000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92523000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139889000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
187359000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5469000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
125519000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-2213000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-70358000
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3256000
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
55161000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
45377000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4088000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
282000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
49747000
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
434703000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
405782000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
336440000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
349064000
CY2023Q2 th Accumulated Depreciation Of Assets Written Off
AccumulatedDepreciationOfAssetsWrittenOff
8700000
CY2023Q2 th Gross Cost Of Property Plant And Equipment Written Off
GrossCostOfPropertyPlantAndEquipmentWrittenOff
9100000
CY2024Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
43644000
CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
42421000
CY2024Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
8759000
CY2023Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
7790000
CY2024Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
34885000
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
34631000
CY2022Q4 us-gaap Goodwill
Goodwill
41038000
CY2023Q4 us-gaap Goodwill
Goodwill
41038000
CY2024Q2 us-gaap Goodwill
Goodwill
41038000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
133454000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
90302000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43152000
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
149854000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
90302000
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
59552000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
133454000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83572000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
49882000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
149854000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83572000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
66282000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6700000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6745000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
13475000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
12879000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8270000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
778000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1005000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43152000
CY2024Q2 th Other Assets Noncurrent Gross
OtherAssetsNoncurrentGross
7436000
CY2023Q4 th Other Assets Noncurrent Gross
OtherAssetsNoncurrentGross
7428000
CY2024Q2 th Other Assets Noncurrent Accumulated Amortization
OtherAssetsNoncurrentAccumulatedAmortization
7436000
CY2023Q4 th Other Assets Noncurrent Accumulated Amortization
OtherAssetsNoncurrentAccumulatedAmortization
6767000
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
661000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8045000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9583000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11804000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20656000
CY2024Q2 th Debt Accrued Interest Current
DebtAccruedInterestCurrent
5909000
CY2023Q4 th Debt Accrued Interest Current
DebtAccruedInterestCurrent
3413000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25758000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
33652000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2600000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2400000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2624000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2393000
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1772000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2619000
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
497000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
734000
CY2024Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
181801000
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
180486000
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
180695000
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1369000
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1106000
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
179117000
CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
75000
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
50000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
141000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
92000
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5042000
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5094000
us-gaap Interest Expense Debt
InterestExpenseDebt
10085000
us-gaap Interest Expense Debt
InterestExpenseDebt
12564000
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
272000
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
663000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
540000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1753000
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
430000
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
121000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
846000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
313000
CY2024Q2 us-gaap Interest Income Operating
InterestIncomeOperating
1546000
CY2023Q2 us-gaap Interest Income Operating
InterestIncomeOperating
652000
us-gaap Interest Income Operating
InterestIncomeOperating
2751000
us-gaap Interest Income Operating
InterestIncomeOperating
1949000
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4273000
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5276000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-8861000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-12773000
CY2024Q2 th Long Term Debt And Finance Lease Obligations Repayments Of Principal In Remainder Of Fiscal Year
LongTermDebtAndFinanceLeaseObligationsRepaymentsOfPrincipalInRemainderOfFiscalYear
1093000
CY2024Q2 th Long Term Debt And Finance Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndFinanceLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
182394000
CY2024Q2 th Long Term Debt And Finance Lease Obligations Repayments Of Principal In Year Two
LongTermDebtAndFinanceLeaseObligationsRepaymentsOfPrincipalInYearTwo
495000
CY2024Q2 th Long Term Debt And Finance Lease Obligations Repayments Of Principal In Year Three
LongTermDebtAndFinanceLeaseObligationsRepaymentsOfPrincipalInYearThree
88000
CY2024Q2 th Long Term Debt And Finance Lease Obligations Repayments Of Principal
LongTermDebtAndFinanceLeaseObligationsRepaymentsOfPrincipal
184070000
CY2023Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
675000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13000000.0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25900000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6900000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13700000
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.273
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.223
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18386000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46453000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
90278000
CY2023Q2 us-gaap Dilutive Securities
DilutiveSecurities
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us-gaap Dilutive Securities
DilutiveSecurities
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CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
45778000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
38769000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100261964
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101465088
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100459835
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101056450
CY2023Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1357752
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1844596
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101253180
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105045608
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101913814
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105699684
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
0.18
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
112135786
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CommonStockParOrStatedValuePerShare
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
101660601
th Common Stock Number Of Votes Per Share
CommonStockNumberOfVotesPerShare
1
CY2023 th Common Stock Number Of Votes Per Share
CommonStockNumberOfVotesPerShare
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CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0
CY2022Q3 th Non Deductible Excise Tax Percent
NonDeductibleExciseTaxPercent
0.01
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2274440
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
21100000
CY2024Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
78900000
th Defined Contribution Plan Minimum Annual Contributions Per Employee Percent
DefinedContributionPlanMinimumAnnualContributionsPerEmployeePercent
0.01
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.90
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
th Defined Contribution Plan Employer Matching Contribution Percent Level One
DefinedContributionPlanEmployerMatchingContributionPercentLevelOne
0.03
th Defined Contribution Plan Employer Match Percent Level Two
DefinedContributionPlanEmployerMatchPercentLevelTwo
0.50
th Defined Contribution Plan Employer Matching Contribution Percent Level Two
DefinedContributionPlanEmployerMatchingContributionPercentLevelTwo
0.02
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000
CY2024Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000
CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2024Q2 th Adjusted Gross Profit
AdjustedGrossProfit
61909000
CY2023Q2 th Adjusted Gross Profit
AdjustedGrossProfit
100829000
th Adjusted Gross Profit
AdjustedGrossProfit
127183000
th Adjusted Gross Profit
AdjustedGrossProfit
201259000
CY2024Q2 th Adjusted Gross Profit Other
AdjustedGrossProfitOther
-234000
CY2023Q2 th Adjusted Gross Profit Other
AdjustedGrossProfitOther
-471000
th Adjusted Gross Profit Other
AdjustedGrossProfitOther
-1659000
th Adjusted Gross Profit Other
AdjustedGrossProfitOther
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CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18713000
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21833000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
37378000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
43233000
CY2024Q2 us-gaap Selling General And Administrative Expense
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CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13457000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28312000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2024Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2023Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-311000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
156000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1315000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2128000
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-8861000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-12773000
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-675000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-675000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4385000
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25278000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60156000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51804000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
116198000
CY2024Q2 us-gaap Assets
Assets
697049000
CY2023Q4 us-gaap Assets
Assets
694353000
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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