2021 Q3 Form 10-K Financial Statement

#000126165421000073 Filed on December 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 2020 Q3
Revenue $97.48M $335.1M $76.33M
YoY Change 27.71% 11.41% -12.93%
Cost Of Revenue $22.20M $77.58M $17.10M
YoY Change 29.81% 8.51% -19.34%
Gross Profit $75.28M $257.5M $59.20M
YoY Change 27.17% 12.3% -10.98%
Gross Profit Margin 77.23% 76.85% 77.56%
Selling, General & Admin $62.27M $153.3M $52.90M
YoY Change 17.72% 3.11% -12.85%
% of Gross Profit 82.72% 59.54% 89.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.557M $14.03M $2.980M
YoY Change 19.36% 18.87% -8.87%
% of Gross Profit 4.72% 5.45% 5.03%
Operating Expenses $62.50M $320.1M $53.10M
YoY Change 17.71% 5.09% -12.95%
Operating Profit $12.78M $14.95M $6.153M
YoY Change 107.72% -486.13% 13.15%
Interest Expense -$222.0K $365.0K $200.0K
YoY Change -211.0% 3550.0% -150.0%
% of Operating Profit -1.74% 2.44% 3.25%
Other Income/Expense, Net $10.00K $236.0K $100.0K
YoY Change -90.0% -81.52% -66.67%
Pretax Income $12.57M $15.18M $6.500M
YoY Change 93.37% -685.31% 20.37%
Income Tax $524.0K $602.0K $100.0K
% Of Pretax Income 4.17% 3.96% 1.54%
Net Earnings $12.05M $14.58M $6.450M
YoY Change 86.74% 82.08% 17.77%
Net Earnings / Revenue 12.36% 4.35% 8.45%
Basic Earnings Per Share $0.17 $0.10
Diluted Earnings Per Share $351.6K $0.17 $0.09
COMMON SHARES
Basic Shares Outstanding 32.82M shares 32.77M shares 32.61M shares
Diluted Shares Outstanding 33.12M shares

Balance Sheet

Concept 2021 Q3 2021 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.7M $133.7M $114.9M
YoY Change 16.38% 16.38% 75.69%
Cash & Equivalents $133.7M $133.7M $76.80M
Short-Term Investments $0.00 $0.00 $38.10M
Other Short-Term Assets $8.068M $26.98M $6.489M
YoY Change 24.33% 9.24% -11.49%
Inventory
Prepaid Expenses $6.658M $6.121M
Receivables $17.15M $13.48M $35.41M
Other Receivables $3.673M $9.211M $6.494M
Total Short-Term Assets $183.4M $183.4M $180.2M
YoY Change 1.78% 1.77% 52.56%
LONG-TERM ASSETS
Property, Plant & Equipment $281.1M $281.1M $217.4M
YoY Change 29.31% 29.31% 108.79%
Goodwill $8.222M $8.200M
YoY Change 0.27% 0.0%
Intangibles $124.0K
YoY Change
Long-Term Investments $4.627M $4.627M $4.494M
YoY Change 2.96% 2.82% 3.6%
Other Assets $9.120M $4.617M $8.565M
YoY Change 6.48% 12.61% -16.21%
Total Long-Term Assets $329.2M $329.2M $261.8M
YoY Change 25.74% 25.74% 71.76%
TOTAL ASSETS
Total Short-Term Assets $183.4M $183.4M $180.2M
Total Long-Term Assets $329.2M $329.2M $261.8M
Total Assets $512.6M $512.6M $442.0M
YoY Change 15.97% 15.97% 63.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.70M $13.70M $12.47M
YoY Change 9.87% 9.62% 24.3%
Accrued Expenses $11.19M $58.06M $11.37M
YoY Change -1.57% -12.29% -16.51%
Deferred Revenue $57.65M $40.69M
YoY Change 41.66% -5.11%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $876.0K $876.0K $129.0K
YoY Change 579.07% 776.0% -91.94%
Total Short-Term Liabilities $132.7M $132.7M $121.6M
YoY Change 9.11% 9.14% 25.6%
LONG-TERM LIABILITIES
Long-Term Debt $29.85M $29.85M $131.0K
YoY Change 22686.26% 29750.0% -99.67%
Other Long-Term Liabilities $7.570M $160.8M $8.925M
YoY Change -15.18% 12.45% -6.82%
Total Long-Term Liabilities $37.42M $190.6M $9.056M
YoY Change 313.21% 33.23% -5.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $132.7M $132.7M $121.6M
Total Long-Term Liabilities $37.42M $190.6M $9.056M
Total Liabilities $324.0M $324.0M $265.5M
YoY Change 22.07% 22.05% 69.91%
SHAREHOLDERS EQUITY
Retained Earnings -$22.00M -$32.97M
YoY Change -33.29% -26.19%
Common Stock $142.3M $141.0M
YoY Change 0.93% -24.8%
Preferred Stock $68.85M $68.85M
YoY Change 0.0% 0.0%
Treasury Stock (at cost) $365.0K $365.0K
YoY Change 0.0% -99.63%
Treasury Stock Shares 82.00K shares 82.00K shares
Shareholders Equity $188.5M $188.5M $176.5M
YoY Change
Total Liabilities & Shareholders Equity $512.6M $512.6M $442.0M
YoY Change 15.97% 15.97% 63.38%

Cashflow Statement

Concept 2021 Q3 2021 2020 Q3
OPERATING ACTIVITIES
Net Income $12.05M $14.58M $6.450M
YoY Change 86.74% 82.08% 17.77%
Depreciation, Depletion And Amortization $3.557M $14.03M $2.980M
YoY Change 19.36% 18.87% -8.87%
Cash From Operating Activities $40.40M $55.19M $21.15M
YoY Change 91.03% 400.23% -26.74%
INVESTING ACTIVITIES
Capital Expenditures -$7.341M $61.59M -$2.070M
YoY Change 254.64% 564.93% 80.0%
Acquisitions $0.00
YoY Change
Other Investing Activities $1.002M $38.64M -$6.500M
YoY Change -115.42% -205.85% -7322.22%
Cash From Investing Activities -$6.339M -$22.95M -$8.570M
YoY Change -26.03% -49.84% 708.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.866M $24.82M -2.820M
YoY Change 1.63% -42.39% -18.97%
NET CHANGE
Cash From Operating Activities 40.40M $55.19M 21.15M
Cash From Investing Activities -6.339M -$22.95M -8.570M
Cash From Financing Activities -2.866M $24.82M -2.820M
Net Change In Cash 31.20M $57.06M 9.760M
YoY Change 219.64% 582.19% -59.88%
FREE CASH FLOW
Cash From Operating Activities $40.40M $55.19M $21.15M
Capital Expenditures -$7.341M $61.59M -$2.070M
Free Cash Flow $47.74M -$6.401M $23.22M
YoY Change 105.61% -461.64% -22.65%

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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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32766000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29812000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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25438000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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33123000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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30113000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25438000 shares
CY2021 us-gaap Net Income Loss
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14581000 USD
CY2020 us-gaap Net Income Loss
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8008000 USD
CY2019 us-gaap Net Income Loss
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-7868000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-279000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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0 USD
CY2021 us-gaap Comprehensive Income Net Of Tax
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14302000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8008000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
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-7868000 USD
CY2018Q3 us-gaap Stockholders Equity
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126645000 USD
CY2019 us-gaap Net Income Loss
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-7868000 USD
CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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629000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1390000 USD
CY2019 us-gaap Dividends Preferred Stock Cash
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5250000 USD
CY2019Q3 us-gaap Stockholders Equity
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CY2020 us-gaap Net Income Loss
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8008000 USD
CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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698000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2077000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
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49153000 USD
CY2020 us-gaap Dividends Preferred Stock Cash
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5264000 USD
CY2020Q3 us-gaap Stockholders Equity
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176522000 USD
CY2021 us-gaap Net Income Loss
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14581000 USD
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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421000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1733000 USD
CY2021 us-gaap Dividends Preferred Stock Cash
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5250000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-279000 USD
CY2021Q3 us-gaap Stockholders Equity
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188530000 USD
CY2021 us-gaap Net Income Loss
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14581000 USD
CY2020 us-gaap Net Income Loss
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8008000 USD
CY2019 us-gaap Net Income Loss
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-7868000 USD
CY2021 us-gaap Depreciation And Amortization
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14027000 USD
CY2020 us-gaap Depreciation And Amortization
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11804000 USD
CY2019 us-gaap Depreciation And Amortization
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13222000 USD
CY2019 us-gaap Amortization Of Leased Asset
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2682000 USD
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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15605000 USD
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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24273000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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1718000 USD
CY2020 us-gaap Provision For Doubtful Accounts
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1767000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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1166000 USD
CY2021 us-gaap Share Based Compensation
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1733000 USD
CY2020 us-gaap Share Based Compensation
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2077000 USD
CY2019 us-gaap Share Based Compensation
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1390000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
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0 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
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345000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
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0 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2020 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
399000 USD
CY2021 uti Training Equipment Credits Earned Used
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364000 USD
CY2020 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
541000 USD
CY2019 uti Training Equipment Credits Earned Used
TrainingEquipmentCreditsEarnedUsed
302000 USD
CY2021 us-gaap Unrealized Gain Loss On Derivatives
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279000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
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0 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
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0 USD
CY2021 us-gaap Gain Loss On Sale Of Other Assets
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13000 USD
CY2020 us-gaap Gain Loss On Sale Of Other Assets
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52000 USD
CY2019 us-gaap Gain Loss On Sale Of Other Assets
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-561000 USD
CY2021 us-gaap Increase Decrease In Other Receivables
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-8483000 USD
CY2020 us-gaap Increase Decrease In Other Receivables
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13749000 USD
CY2019 us-gaap Increase Decrease In Other Receivables
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1483000 USD
CY2021 us-gaap Increase Decrease In Accounts And Notes Receivable
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1687000 USD
CY2020 us-gaap Increase Decrease In Accounts And Notes Receivable
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-2286000 USD
CY2019 us-gaap Increase Decrease In Accounts And Notes Receivable
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-1298000 USD
CY2021 us-gaap Increase Decrease In Prepaid Expense
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4391000 USD
CY2020 us-gaap Increase Decrease In Prepaid Expense
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1016000 USD
CY2019 us-gaap Increase Decrease In Prepaid Expense
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-3157000 USD
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768000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
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76000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
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-1016000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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1790000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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7020000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2942000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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16954000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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-2192000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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4650000 USD
CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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7145000 USD
CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-6989000 USD
CY2019 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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166000 USD
CY2021 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
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-2025000 USD
CY2020 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
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-1863000 USD
CY2019 uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-300000 USD
CY2021 uti Increase Decrease In Deferred Rent Liability
IncreaseDecreaseInDeferredRentLiability
0 USD
CY2020 uti Increase Decrease In Deferred Rent Liability
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0 USD
CY2019 uti Increase Decrease In Deferred Rent Liability
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-1677000 USD
CY2021 us-gaap Increase Decrease In Operating Lease Liability
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-20469000 USD
CY2020 us-gaap Increase Decrease In Operating Lease Liability
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-25617000 USD
CY2019 us-gaap Increase Decrease In Operating Lease Liability
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0 USD
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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-1633000 USD
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
739000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
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321000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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55185000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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11032000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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21746000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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9262000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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6453000 USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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280000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
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64000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
34000 USD
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
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0 USD
CY2020 us-gaap Payments To Acquire Held To Maturity Securities
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69678000 USD
CY2019 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
37651000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
31289000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
0 USD
CY2021 us-gaap Proceeds From Life Insurance Policies
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427000 USD
CY2020 us-gaap Proceeds From Life Insurance Policies
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1566000 USD
CY2019 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
277000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
261000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
267000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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-22951000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45760000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6152000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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31150000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2021 us-gaap Payments Of Financing Costs
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272000 USD
CY2020 us-gaap Payments Of Financing Costs
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0 USD
CY2019 us-gaap Payments Of Financing Costs
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0 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
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49153000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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5250000 USD
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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5264000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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5250000 USD
CY2021 uti Principal Payments On Long Term Debt And Finance Lease Liability
PrincipalPaymentsOnLongTermDebtAndFinanceLeaseLiability
383000 USD
CY2020 uti Principal Payments On Long Term Debt And Finance Lease Liability
PrincipalPaymentsOnLongTermDebtAndFinanceLeaseLiability
99000 USD
CY2019 uti Principal Payments On Long Term Debt And Finance Lease Liability
PrincipalPaymentsOnLongTermDebtAndFinanceLeaseLiability
1319000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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421000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
698000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
629000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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24824000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43092000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57058000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8364000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8396000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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76803000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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65442000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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58104000 USD
CY2020Q3 us-gaap Restricted Cash
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CY2019Q3 us-gaap Restricted Cash
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CY2018Q3 us-gaap Restricted Cash
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14055000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88919000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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80555000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72159000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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133721000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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76803000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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65442000 USD
CY2021Q3 us-gaap Restricted Cash
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CY2020Q3 us-gaap Restricted Cash
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12116000 USD
CY2019Q3 us-gaap Restricted Cash
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15113000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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145977000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88919000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80555000 USD
CY2021 us-gaap Proceeds From Income Tax Refunds
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6712000 USD
CY2020 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
113000 USD
CY2019 us-gaap Income Taxes Paid
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37000 USD
CY2021 us-gaap Interest Paid Net
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349000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
7000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
3220000 USD
CY2021 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
679000 USD
CY2020 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
985000 USD
CY2019 uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
772000 USD
CY2021 uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
1174000 USD
CY2020 uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
1345000 USD
CY2019 uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
1387000 USD
CY2021 uti Change In Accrued Capital Expenditures
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-1203000 USD
CY2020 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-490000 USD
CY2019 uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
316000 USD
CY2021 uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
20039000 USD
CY2020 uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
16565000 USD
CY2019 uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
0 USD
CY2021 uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
19745000 USD
CY2020 uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
17184000 USD
CY2019 uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
0 USD
CY2021Q3 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
2677000 USD
CY2020Q3 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
13889000 USD
CY2019Q3 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
0 USD
CY2021Q3 uti Receivable Net Institutional Funds Cares Act
ReceivableNetInstitutionalFundsCARESAct
0 USD
CY2020Q3 uti Receivable Net Institutional Funds Cares Act
ReceivableNetInstitutionalFundsCARESAct
1797000 USD
CY2019Q3 uti Receivable Net Institutional Funds Cares Act
ReceivableNetInstitutionalFundsCARESAct
0 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
Business Description<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Founded in 1965, with more than 225,000 graduates in its history, Universal Technical Institute, Inc. (“we,” “us” or “our”) is a leading provider of transportation and technical training programs. As of September 30, 2021, we offered certificate, diploma or degree programs at 12 campuses across the United States under the banner of several well-known brands, including Universal Technical Institute (“UTI”), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, “MMI”) and NASCAR Technical Institute (“NASCAR Tech”). Additionally, we offer manufacturer specific advanced training (“MSAT”) programs, including student-paid electives, at our campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We work closely with over 35 original equipment manufacturers and industry brand partners to understand their needs for qualified service professionals. Revenues generated from our schools consist primarily of tuition and fees paid by students. To pay for a substantial portion of their tuition, the majority of students rely on funds received from federal financial aid programs under Title IV Programs of the Higher Education Act of 1965, as amended (“HEA”), as well as from various veterans benefits programs. For further discussion, see Note 2 on “Summary of Significant Accounting Policies - Concentration of Risk” and Note 21 on “Government Regulation and Financial Aid.”</span></div>We offer the majority of our programs in a blended learning model that combines instructor-facilitated online teaching and demonstrations with hands-on labs. This blended learning format has allowed us to continue to offer our programs to our students during the COVID-19 pandemic and aligns with an increasing trend of online education now being offered as individuals seek life-long learning opportunities. On-campus labs are designed to meet or exceed the current national guidelines recommended by the Centers for Disease Control (“CDC”) as well as state and local mandates, while still meeting our accreditation and curriculum requirements.
CY2021Q3 uti Number Of Graduated Technicians
NumberOfGraduatedTechnicians
225000 technician
CY2021Q3 uti Number Of Campuses
NumberOfCampuses
12 campus
CY2021Q3 uti Number Of Manufacturer Brand Partners And Employers
NumberOfManufacturerBrandPartnersAndEmployers
35 plan
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions. Such estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and assumptions, including those related to revenue recognition, our proprietary loan program, allowance for uncollectible accounts, investments, property and equipment, goodwill recoverability, self-insurance claim liabilities, income taxes, contingencies and stock-based compensation. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The results of our analysis form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, and the impact of such differences may be material to our consolidated financial statements.</span></div>
CY2021 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.99
CY2020 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.99
CY2019 uti Revenue Consisted Of Tuition
RevenueConsistedOfTuition
0.99
CY2021 us-gaap Debt Instrument Term
DebtInstrumentTerm
P10Y
CY2021 us-gaap Loan Processing Fee
LoanProcessingFee
1100000 USD
CY2020 us-gaap Loan Processing Fee
LoanProcessingFee
900000 USD
CY2019 us-gaap Loan Processing Fee
LoanProcessingFee
1100000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
8200000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
8200000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
8200000 USD
CY2021Q3 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
2900000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
38700000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
39700000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
41200000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1800000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1400000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
500000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><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 Risk</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, restricted cash, short-term investments and receivables. As of September 30, 2021, we held cash and cash equivalents of $133.7 million and restricted cash of $12.3 million. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We place our cash and cash equivalents and restricted cash with high quality financial institutions and limit the amount of credit exposure with any one financial institution. We mitigate the concentration risk of our investments by limiting the amount invested in any one issuer. We mitigate the risk associated with our investment in corporate bonds by requiring a minimum credit rating of A. We have the ability and intention to hold these investments until maturity and therefore have classified these investments as held-to-maturity and recorded them at amortized cost.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We extend credit for tuition and fees, for a limited period of time, to a majority of our students. A substantial portion is repaid through the student’s participation in federally funded financial aid programs. Transfers of funds from the financial aid programs to us are made in accordance with the ED requirements. Approximately 68% of our revenues, on a cash basis, were collected from funds distributed under Title IV Programs for the year ended September 30, 2021 as calculated under the 90/10 rule. Additionally, approximately 14% of our revenues, on a cash basis, were collected from funds distributed under various veterans benefits programs for the year ended September 30, 2021. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The financial aid and veterans benefits programs are subject to political and budgetary considerations. There is no assurance that such funding will be maintained at current levels. Extensive and complex regulations govern the financial assistance programs in which our students participate. Our administration of these programs is periodically reviewed by various regulatory agencies. Any regulatory violation could be the basis for the initiation of potential adverse actions, including a suspension, limitation, placement on reimbursement status or termination proceeding, which could have a material adverse effect on our business. ED and other regulators have increased the frequency and severity of their enforcement actions against postsecondary schools which have resulted in the imposition of material liabilities, sanctions, letter of credit requirements and other restrictions and, in some cases, resulted in the loss of schools’ eligibility to receive Title IV funds or in closure of the schools. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If any of our institutions were to lose its eligibility to participate in federal student financial aid programs, the students at that institution would lose access to funds derived from those programs and would have to seek alternative sources of funds to pay their tuition and fees. Students obtain access to federal student financial aid through an ED prescribed application and eligibility certification process. Student financial aid funds are generally made available to students at prescribed intervals throughout their predetermined expected length of study. Students typically apply the funds received from the federal financial aid programs to pay their tuition and fees. The transfer of funds is from the financial aid program to the student, who then uses those funds to pay for a portion of the cost of their education. The receipt of financial aid funds reduces the student’s amounts due to us and has no impact on revenue recognition, as the transfer relates to the source of funding for the costs of education, which may occur either through Title IV or other funds and resources available to the student.</span></div>
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
133700000 USD
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
12300000 USD
CY2021 uti Percentage Of Cash Basis Revenue Collected From Funds Distributed Under Title Iv Programs
PercentageOfCashBasisRevenueCollectedFromFundsDistributedUnderTitleIvPrograms
0.68
CY2021 uti Percentageof Cash Basis Revenue Collectedfrom Funds Distributed Under Veterans Benefits Programs
PercentageofCashBasisRevenueCollectedfromFundsDistributedUnderVeteransBenefitsPrograms
0.14
CY2021Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
46489000 USD
CY2020Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
53144000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
57648000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
40694000 USD
CY2021Q3 uti Students Completing Catch Up Labs Percentage
StudentsCompletingCatchUpLabsPercentage
0.01
CY2021Q3 uti Tuition Receivables
TuitionReceivables
16265000 USD
CY2020Q3 uti Tuition Receivables
TuitionReceivables
23565000 USD
CY2021Q3 uti Income Taxes Receivable Cares Act
IncomeTaxesReceivableCARESAct
0 USD
CY2020Q3 uti Income Taxes Receivable Cares Act
IncomeTaxesReceivableCARESAct
7145000 USD
CY2021Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3673000 USD
CY2020Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
6494000 USD
CY2021Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
19938000 USD
CY2020Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
37204000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2787000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1793000 USD
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17151000 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
35411000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1793000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1097000 USD
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
999000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1718000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1767000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1166000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
724000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1071000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1068000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2787000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1793000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1097000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
49500000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
215000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
359000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
309840000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
255106000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
187789000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
182363000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
122051000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
72743000 USD
CY2021 uti Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
9 campus
CY2021Q3 uti Number Of Campuses
NumberOfCampuses
12 campus
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
22623000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
29348000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
20469000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
159075000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
123000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
102000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
3682000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
4120000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
444000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
744000 USD
CY2021 us-gaap Lease Cost
LeaseCost
25990000 USD
CY2020 us-gaap Lease Cost
LeaseCost
32833000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
144663000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
94000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
257000 USD
CY2021Q3 uti Lease Right Of Use Asset
LeaseRightOfUseAsset
159169000 USD
CY2020Q3 uti Lease Right Of Use Asset
LeaseRightOfUseAsset
144920000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14075000 USD
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0308
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0308
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23666000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
73000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
129000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
153228000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
134089000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
131000 USD
CY2021Q3 uti Lease Liability
LeaseLiability
167399000 USD
CY2020Q3 uti Lease Liability
LeaseLiability
158015000 USD
CY2020Q3 uti Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
100000 USD
CY2021Q3 uti Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
100000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y4M13D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y4M2D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M25D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0431
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0437
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
25617000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
119000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2021Q3 uti Number Of Leased Properties
NumberOfLeasedProperties
2 property
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
99000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30017000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20321000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
215000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19205000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
75000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
21380000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
23000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
21179000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21480000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
21299000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
100202000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
204745000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
98000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
37442000 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
167303000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
96000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14075000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
73000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
153228000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23000 USD
CY2020 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
300000 USD
CY2019 uti Operating Leases Rent Expense Paid To Related Parties
OperatingLeasesRentExpensePaidToRelatedParties
2000000 USD
CY2021 uti Lessee Operating Lease Minimum Annual Rent Increase
LesseeOperatingLeaseMinimumAnnualRentIncrease
0.04
CY2012Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4000000 USD
CY2012Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.28
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4494000 USD
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4338000 USD
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
277000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
261000 USD
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4627000 USD
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4494000 USD
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
12471000 USD
CY2020Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
51891000 USD
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
13702000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29506000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28053000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11189000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11367000 USD
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
54397000 USD
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0308
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
30982000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
260000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
256000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
30726000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
260000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
876000 USD
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
129000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
29850000 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
131000 USD
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0308
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
876000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
855000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
861000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
892000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
924000 USD
CY2021Q3 uti Long Term Debt Maturity After Year Five
LongTermDebtMaturityAfterYearFive
26574000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
30982000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
256000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
30726000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-5000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-11250000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
607000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
303000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
205000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
602000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-10947000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
203000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
345000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
345000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
602000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10602000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
203000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3188000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-545000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1610000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
134000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
480000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
246000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
165000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3229000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-6135000 USD
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0.14
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16500000 USD
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900000 USD
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2700000 USD
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16800000 USD
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19700000 USD
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10660 student
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300000 USD

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