2022 Q3 Form 10-Q Financial Statement

#000031883322000079 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $247.8M $251.3M $218.6M
YoY Change 13.97% 5.19% 12.31%
Cost Of Revenue $162.3M $181.3M $163.5M
YoY Change -1.08% 2.95% 8.32%
Gross Profit $56.02M $69.95M $55.10M
YoY Change 5.06% 11.45% 26.08%
Gross Profit Margin 22.61% 27.84% 25.21%
Selling, General & Admin $52.53M $72.73M $71.29M
YoY Change -22.24% 6.21% 7.81%
% of Gross Profit 93.78% 103.97% 129.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.500M $9.578M $10.03M
YoY Change -45.6% -7.43% -8.47%
% of Gross Profit 9.82% 13.69% 18.21%
Operating Expenses $57.75M $72.73M $71.29M
YoY Change -14.52% 6.21% 7.81%
Operating Profit -$1.729M -$2.780M -$16.20M
YoY Change -97.55% -53.62% -33.32%
Interest Expense -$26.65M -$18.48M -$18.61M
YoY Change 167.22% 92.54% 97.93%
% of Operating Profit
Other Income/Expense, Net $3.227M $1.476M $2.702M
YoY Change -283.35% -241.38% -384.42%
Pretax Income -$25.16M -$19.78M -$32.11M
YoY Change -69.42% 18.92% -7.33%
Income Tax $1.500M $1.800M $400.0K
% Of Pretax Income
Net Earnings -$22.87M -$21.55M -$32.46M
YoY Change -74.92% 23.2% -5.33%
Net Earnings / Revenue -9.23% -8.58% -14.85%
Basic Earnings Per Share -$0.53 -$0.50 -$0.86
Diluted Earnings Per Share -$0.53 -$0.50 -$0.86
COMMON SHARES
Basic Shares Outstanding 43.22M shares 43.18M shares 37.70M shares
Diluted Shares Outstanding 43.22M shares 43.18M shares 37.70M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.39M $67.45M $53.70M
YoY Change 232.24% 267.45% 140.8%
Cash & Equivalents $55.20M $67.45M $53.70M
Short-Term Investments
Other Short-Term Assets $17.45M $15.20M $13.71M
YoY Change 92.14% 76.84% -59.57%
Inventory $36.99M $36.18M $36.44M
Prepaid Expenses $17.51M $16.23M $13.76M
Receivables $213.7M $215.4M $207.8M
Other Receivables $39.00M $43.35M $42.67M
Total Short-Term Assets $436.0M $393.8M $368.1M
YoY Change 35.75% 6.03% 25.09%
LONG-TERM ASSETS
Property, Plant & Equipment $203.8M $210.0M $216.6M
YoY Change -9.15% -8.82% -7.72%
Goodwill $0.00 $24.55M $25.25M
YoY Change -100.0% -72.91% -72.07%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets -$6.052M $7.409M $15.30M
YoY Change -148.3% -37.0% 32.42%
Total Long-Term Assets $277.7M $330.0M $348.0M
YoY Change -23.76% -24.13% -21.26%
TOTAL ASSETS
Total Short-Term Assets $436.0M $393.8M $368.1M
Total Long-Term Assets $277.7M $330.0M $348.0M
Total Assets $713.7M $723.8M $716.0M
YoY Change 4.12% -10.24% -2.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.92M $38.41M $41.14M
YoY Change -28.78% -16.78% -9.18%
Accrued Expenses $129.6M $128.8M $124.0M
YoY Change 12.05% -15.09% 44.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $506.4M $487.2M $670.0K
YoY Change 76282.2% 102902.96% 67.5%
Total Short-Term Liabilities $692.1M $668.8M $181.1M
YoY Change 280.49% 210.67% 22.12%
LONG-TERM LIABILITIES
Long-Term Debt $4.810M $4.656M $455.8M
YoY Change -98.67% -98.69% 37.0%
Other Long-Term Liabilities $41.76M $3.479M $3.468M
YoY Change 349.87% -62.7% -63.16%
Total Long-Term Liabilities $46.57M $3.479M $3.468M
YoY Change 401.68% -62.7% -63.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $692.1M $668.8M $181.1M
Total Long-Term Liabilities $46.57M $3.479M $3.468M
Total Liabilities $742.4M $723.2M $689.0M
YoY Change 21.71% 13.28% 24.51%
SHAREHOLDERS EQUITY
Retained Earnings -$448.6M -$425.8M -$371.8M
YoY Change 34.92% 76.41% 66.07%
Common Stock $12.96M $12.96M $12.93M
YoY Change 39.54% 39.54% 39.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$28.73M $549.0K $27.07M
YoY Change
Total Liabilities & Shareholders Equity $713.7M $723.8M $716.0M
YoY Change 4.12% -10.24% -2.74%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$22.87M -$21.55M -$32.46M
YoY Change -74.92% 23.2% -5.33%
Depreciation, Depletion And Amortization $5.500M $9.578M $10.03M
YoY Change -45.6% -7.43% -8.47%
Cash From Operating Activities $7.026M -$3.385M -$50.01M
YoY Change -761.58% -80.79% 191.02%
INVESTING ACTIVITIES
Capital Expenditures -$7.001M -$6.933M $7.068M
YoY Change 121.83% 19.33% 107.09%
Acquisitions
YoY Change
Other Investing Activities $2.046M $2.093M $3.026M
YoY Change 1848.57% 10915.79%
Cash From Investing Activities -$4.955M -$4.840M -$4.042M
YoY Change 62.41% -16.42% 19.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.767M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.498M 22.82M $41.97M
YoY Change -136.74% 9.42% 149.68%
NET CHANGE
Cash From Operating Activities 7.026M -3.385M -$50.01M
Cash From Investing Activities -4.955M -4.840M -$4.042M
Cash From Financing Activities -1.498M 22.82M $41.97M
Net Change In Cash 573.0K 14.60M -$11.62M
YoY Change -1691.67% -671.46% 418.15%
FREE CASH FLOW
Cash From Operating Activities $7.026M -$3.385M -$50.01M
Capital Expenditures -$7.001M -$6.933M $7.068M
Free Cash Flow $14.03M $3.548M -$57.07M
YoY Change 569.87% -130.04% 177.11%

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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
657000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-5117000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
874000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-5463000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
657000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-5117000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
874000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
257000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
155000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5463000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
400000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5117000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
719000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-27015000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17093000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-59131000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-51065000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
51867000 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9768000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-32462000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
346000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-624000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27070000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-21552000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-21552000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-71000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5463000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
565000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
549000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
214603000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-34291000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
319000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2330000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-101000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
182860000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-17493000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
400000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2138000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
167905000 usd
us-gaap Net Income Loss
NetIncomeLoss
-54014000 usd
us-gaap Net Income Loss
NetIncomeLoss
-51784000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19609000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21306000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2748000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
12077000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4154000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
9962000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
0 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
30000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
965000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-569000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2341000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
357000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2318000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3532000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-309000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
-59000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4468000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2382000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2451000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29595000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24811000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1620000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
743000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3305000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5612000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5889000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3379000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3367000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4484000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1000000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
290000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-53391000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34799000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14001000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9220000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5119000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
49000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8882000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9171000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
104641000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1588000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
25000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
49300000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10300000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
95200000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
72300000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
104200000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10640000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2326000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9696000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
102000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-323000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-206000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
64786000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37666000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-382000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2131000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6231000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65315000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24586000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
67446000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18355000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 performance_condition
CY2022Q2 tisi Number Of Client Demand Profiles
NumberOfClientDemandProfiles
3 profile
CY2021Q4 tisi Deferred Employer Payroll Taxes
DeferredEmployerPayrollTaxes
14100000 usd
CY2022Q1 tisi Deferred Employer Payroll Taxes
DeferredEmployerPayrollTaxes
7000000 usd
CY2022Q2 tisi Deferred Employer Payroll Taxes
DeferredEmployerPayrollTaxes
7100000 usd
us-gaap Use Of Estimates
UseOfEstimates
Use of estimates. Our accounting policies conform to GAAP. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect our reported financial position and results of operations. We review significant estimates and judgments affecting our condensed consolidated financial statements on a recurring basis and record the effect of any necessary adjustments prior to their publication. Estimates and judgments are based on information available at the time such estimates and judgments are made. Adjustments made with respect to the use of these estimates and judgments often relate to information not previously available. Uncertainties with respect to such estimates and judgments are inherent in the preparation of financial statements. Estimates and judgments are used in, among other things, (1) aspects of revenue recognition, (2) valuation of acquisition related tangible and intangible assets and assessments of all long-lived assets for possible impairment, (3) estimating various factors used to accrue liabilities for workers’ compensation, auto, medical, and general liability, (4) establishing an allowance for uncollectible accounts receivable, (5) estimating the useful lives of our assets, (6) assessing future tax exposure and the realization of tax assets, (7) selecting assumptions used in the measurement of costs and liabilities associated with defined benefit pension plans, (8) assessments of fair value and (9) managing our foreign currency risk in foreign operations. Our most significant accounting policies are described below.
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
tisi Workers Compensation Self Insured Retention
WorkersCompensationSelfInsuredRetention
1000000 usd
tisi Automobile Liability Self Insured Retention
AutomobileLiabilitySelfInsuredRetention
2000000 usd
tisi General Liability Claims Effective Self Insured Retention
GeneralLiabilityClaimsEffectiveSelfInsuredRetention
6000000 usd
tisi Medical Claims Self Insured Retention
MedicalClaimsSelfInsuredRetention
400000 usd
tisi Environmental Liability Claims Self Insured Retention
EnvironmentalLiabilityClaimsSelfInsuredRetention
1000000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of credit risk. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No single customer accounts for more than 10% of consolidated revenues.</span>
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
77000 usd
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
384000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
100000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
406000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3000000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1500000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications. Certain amounts in prior periods have been reclassified to conform to the current year presentation. Such reclassifications did not have any effect on our financial condition or results of operations as previously reported.
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251265000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
238873000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
469841000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433491000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251265000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1000000.0 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
238873000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
469841000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433491000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
215408000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
188772000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
26636000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1120000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1602000 usd
tisi Increase Decrease Contract With Customer Asset After Allowance For Credit Loss
IncreaseDecreaseContractWithCustomerAssetAfterAllowanceForCreditLoss
-482000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1341000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
313000 usd
tisi Increase Decrease Contract With Customer Liability
IncreaseDecreaseContractWithCustomerLiability
1028000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-500000 usd
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
178174000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
161751000 usd
CY2022Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
43981000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
35933000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6747000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8912000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
215408000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
188772000 usd
tisi Accounts Receivable Payment Terms
AccountsReceivablePaymentTerms
P30D
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8912000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9918000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
30000 usd
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2193000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2087000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3143000 usd
tisi Accounts Receivable Allowance For Credit Loss Increase Decrease In Foreign Exchange Effects
AccountsReceivableAllowanceForCreditLossIncreaseDecreaseInForeignExchangeEffects
-108000 usd
CY2021 tisi Accounts Receivable Allowance For Credit Loss Increase Decrease In Foreign Exchange Effects
AccountsReceivableAllowanceForCreditLossIncreaseDecreaseInForeignExchangeEffects
-56000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6747000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8912000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
8233000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7641000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2801000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2725000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
25145000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
25388000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
36179000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
35754000 usd
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
39000000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
39000000 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16225000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12645000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
15199000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8223000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
70424000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
59868000 usd
CY2022Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
6600000 usd
CY2022Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current Other
AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther
900000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
469307000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
471804000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
312268000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
310445000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
157039000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
161359000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
6200000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
6700000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1800000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1600000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
6200000 usd
CY2021Q2 us-gaap Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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83216000 usd
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214095000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
124197000 usd
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FiniteLivedIntangibleAssetsNet
89898000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000 usd
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AmortizationOfIntangibleAssets
3600000 usd
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AmortizationOfIntangibleAssets
6800000 usd
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AmortizationOfIntangibleAssets
7000000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
13100000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13100000 usd
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FiniteLivedIntangibleAssetUsefulLife
P13Y8M12D
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FiniteLivedIntangibleAssetUsefulLife
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356904000 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
331661000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
25243000 usd
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GoodwillForeignCurrencyTranslationGainLoss
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GoodwillForeignCurrencyTranslationGainLoss
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GoodwillGross
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GoodwillImpairedAccumulatedImpairmentLoss
331661000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
24547000 usd
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46334000 usd
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6121000 usd
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8018000 usd
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InterestPayableCurrentAndNoncurrent
8495000 usd
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InterestPayableCurrentAndNoncurrent
6469000 usd
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8671000 usd
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128757000 usd
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CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
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CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.090
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.041
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.010
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
800000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
491860000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
405860000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
487204000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
669000 usd
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
439173000 usd
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
7.75
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0 shares
CY2022Q1 tisi Number Of Qualified Nominees
NumberOfQualifiedNominees
1 nominee
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
405191000 usd
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AdditionalPaidInCapital
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CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
53000000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
58000000 usd
tisi Increase Decrease In Amortization Of Debt Issue Costs
IncreaseDecreaseInAmortizationOfDebtIssueCosts
4600000 usd
CY2022Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
24500000 usd
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
300000 usd
tisi Lessee Operatingand Finance Leases Renewal Term
LesseeOperatingandFinanceLeasesRenewalTerm
P10Y
tisi Lessee Operating Leases Options To Terminate Leases Term
LesseeOperatingLeasesOptionsToTerminateLeasesTerm
P1Y
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
6334000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
7021000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
13021000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
14260000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1442000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1326000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2900000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2602000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
67000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
195000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
261000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
312000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
38000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
90000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
126000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
168000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
7881000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
8632000 usd
us-gaap Lease Cost
LeaseCost
16308000 usd
us-gaap Lease Cost
LeaseCost
17342000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5095000 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5990000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
10500000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
11346000 usd
CY2022Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
25000 usd
CY2021Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
91000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
115000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
171000 usd
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
158000 usd
CY2021Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
159000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
320000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
237000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
514000 usd
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
411000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1354000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8583000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
77000 usd
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
384000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
100000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
406000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
52925000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60700000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14389000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16176000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
43090000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
49221000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4412000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5123000 usd
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FinanceLeaseLiabilityCurrent
655000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
669000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4656000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4980000 usd
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OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y10M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.069
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.068
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.065
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FinanceLeaseWeightedAverageDiscountRatePercent
0.064
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6780000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13902000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10647000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
68000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15317000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
905000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11918000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
745000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8609000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
575000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6729000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
562000 usd
CY2022Q2 tisi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
18161000 usd
CY2022Q2 tisi Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
3925000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
71381000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1469000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
57479000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
5311000 usd
CY2022Q2 tisi Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesOutstanding
1200000 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-600000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4400000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2900000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
7210 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
434 shares
tisi Share Based Compensation Arrangement By Share Based Payment Award Options Expired As Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredAsVestedInPeriod
6776 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
10000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y1M6D
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
35.59
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5117000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
719000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-5117000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5117000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
874000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
155000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
719000 usd
CY2021Q2 tisi Number Of Facilities With Potential Violations
NumberOfFacilitiesWithPotentialViolations
7 facility
CY2022Q2 tisi General Liability Claims Self Insured Retention And Deductible
GeneralLiabilityClaimsSelfInsuredRetentionAndDeductible
3000000 usd
CY2022Q2 tisi General Liability Claims Self Insured Retention And Deductible
GeneralLiabilityClaimsSelfInsuredRetentionAndDeductible
3000000 usd
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
44000000 usd
CY2022Q2 tisi Loss Contingency Accrual Amount Not Covered By Insurance
LossContingencyAccrualAmountNotCoveredByInsurance
5000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251265000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
238873000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
469841000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433491000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2780000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5994000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-18983000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-30294000 usd
CY2022Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6299000 usd
CY2021Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5094000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12930000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
9491000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9578000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10347000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19609000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21306000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
251265000 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
299326000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
238873000 usd
CY2021Q2 us-gaap Noncurrent Assets
NoncurrentAssets
329210000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
469841000 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
299326000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433491000 usd
CY2021Q2 us-gaap Noncurrent Assets
NoncurrentAssets
329210000 usd

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