2022 Q3 Form 10-Q Financial Statement

#000126165422000091 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $110.6M $101.0M $102.1M
YoY Change 13.5% 20.53% 31.37%
Cost Of Revenue $27.86M $25.53M $22.42M
YoY Change 25.5% 35.08% 21.84%
Gross Profit $82.78M $75.44M $79.67M
YoY Change 9.96% 16.29% 34.35%
Gross Profit Margin 74.82% 74.72% 78.04%
Selling, General & Admin $76.20M $45.80M $49.50M
YoY Change 22.37% 19.02% 27.28%
% of Gross Profit 92.05% 60.71% 62.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.760M $4.561M $3.884M
YoY Change 33.82% 26.03% 8.83%
% of Gross Profit 5.75% 6.05% 4.88%
Operating Expenses $76.52M $99.01M $98.71M
YoY Change 22.42% 22.67% 24.37%
Operating Profit $6.265M $1.954M $3.377M
YoY Change -50.98% -35.98% -303.31%
Interest Expense -$332.0K $552.0K $466.0K
YoY Change 49.55% 324.62% 46500.0%
% of Operating Profit -5.3% 28.25% 13.8%
Other Income/Expense, Net -$102.0K -$775.0K -$621.0K
YoY Change -1120.0% -2379.41% -876.25%
Pretax Income $3.031M $1.179M $2.756M
YoY Change -75.89% -61.8% -274.32%
Income Tax $202.0K $300.0K -$4.600M
% Of Pretax Income 6.66% 25.45% -166.91%
Net Earnings $2.829M $843.0K $7.354M
YoY Change -76.51% -71.9% -575.37%
Net Earnings / Revenue 2.56% 0.83% 7.2%
Basic Earnings Per Share -$0.01 $0.11
Diluted Earnings Per Share $82.43K -$0.01 $0.11
COMMON SHARES
Basic Shares Outstanding 33.77M shares 33.26M shares 32.99M shares
Diluted Shares Outstanding 33.26M shares 33.44M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $95.37M $70.71M $61.50M
YoY Change -28.68% -31.42% -21.66%
Cash & Equivalents $66.50M $70.71M $61.50M
Short-Term Investments $28.92M
Other Short-Term Assets $8.809M $9.408M $7.461M
YoY Change 9.18% 12.07% 16.02%
Inventory
Prepaid Expenses $6.139M $7.093M $8.048M
Receivables $16.45M $26.59M $15.47M
Other Receivables $3.153M $5.506M $5.519M
Total Short-Term Assets $136.0M $121.9M $109.5M
YoY Change -25.87% -24.68% -16.49%
LONG-TERM ASSETS
Property, Plant & Equipment $346.3M $346.9M $334.8M
YoY Change 23.19% 30.87% 27.5%
Goodwill $16.90M $16.90M $8.222M
YoY Change 105.55% 106.1% 0.27%
Intangibles $14.22M $16.24M $16.27M
YoY Change 11363.71%
Long-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Assets $5.958M $5.027M $5.258M
YoY Change -34.67% -49.04% -44.43%
Total Long-Term Assets $417.0M $418.3M $407.9M
YoY Change 26.67% 33.6% 31.89%
TOTAL ASSETS
Total Short-Term Assets $136.0M $121.9M $109.5M
Total Long-Term Assets $417.0M $418.3M $407.9M
Total Assets $552.9M $540.3M $517.4M
YoY Change 7.87% 13.74% 17.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.75M $13.82M $9.070M
YoY Change 58.71% 9.32% -14.2%
Accrued Expenses $13.33M $15.26M $16.53M
YoY Change 19.12% 38.03% 38.31%
Deferred Revenue $54.22M $42.68M $42.01M
YoY Change -5.94% 1.64% 2.58%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.115M $929.0K $2.374M
YoY Change 27.28% 1.2% 2274.0%
Total Short-Term Liabilities $137.7M $120.9M $118.4M
YoY Change 3.77% 0.49% 3.13%
LONG-TERM LIABILITIES
Long-Term Debt $66.42M $66.83M $46.05M
YoY Change 122.52% 122.29% 45945.0%
Other Long-Term Liabilities $4.067M $4.049M $4.586M
YoY Change -46.27% -47.62% -44.87%
Total Long-Term Liabilities $70.49M $70.88M $50.63M
YoY Change 88.38% 87.54% 508.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $137.7M $120.9M $118.4M
Total Long-Term Liabilities $70.49M $70.88M $50.63M
Total Liabilities $337.5M $328.6M $306.6M
YoY Change 4.16% 10.35% 16.19%
SHAREHOLDERS EQUITY
Retained Earnings -$1.307M -$2.890M -$2.437M
YoY Change -94.06% -91.17% -92.92%
Common Stock $148.4M $147.3M $143.9M
YoY Change 4.26% 3.91% 1.08%
Preferred Stock $66.48M $66.48M $68.85M
YoY Change -3.45% -3.45% 0.0%
Treasury Stock (at cost) $365.0K $365.0K
YoY Change 0.0% 0.0%
Treasury Stock Shares 82.00K shares 82.00K shares
Shareholders Equity $215.4M $211.6M $210.7M
YoY Change
Total Liabilities & Shareholders Equity $552.9M $540.3M $517.4M
YoY Change 7.87% 13.74% 17.49%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $2.829M $843.0K $7.354M
YoY Change -76.51% -71.9% -575.37%
Depreciation, Depletion And Amortization $4.760M $4.561M $3.884M
YoY Change 33.82% 26.03% 8.83%
Cash From Operating Activities $38.13M -$2.494M $7.944M
YoY Change -5.64% -9.21% -18.52%
INVESTING ACTIVITIES
Capital Expenditures -$9.842M -$16.46M -$42.36M
YoY Change 34.07% 280.67% 1510.57%
Acquisitions
YoY Change
Other Investing Activities -$28.82M $5.000K -$258.0K
YoY Change -2976.35% -99.97% -103.1%
Cash From Investing Activities -$38.66M -$16.46M -$42.62M
YoY Change 509.92% -210.03% -850.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.806M 19.31M -3.406M
YoY Change -2.09% -37.25% 18.26%
NET CHANGE
Cash From Operating Activities 38.13M -2.494M 7.944M
Cash From Investing Activities -38.66M -16.46M -42.62M
Cash From Financing Activities -2.806M 19.31M -3.406M
Net Change In Cash -3.344M 361.0K -38.08M
YoY Change -110.72% -99.16% -403.41%
FREE CASH FLOW
Cash From Operating Activities $38.13M -$2.494M $7.944M
Capital Expenditures -$9.842M -$16.46M -$42.36M
Free Cash Flow $47.97M $13.97M $50.30M
YoY Change 0.47% 785.3% 306.32%

Facts In Submission

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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1687000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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19106000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Earnings Per Share Basic
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CY2021Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2021Q2 us-gaap Earnings Per Share Diluted
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0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33257000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33032000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32746000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33257000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33036000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33550000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32746000 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
843000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
3000000 usd
us-gaap Net Income Loss
NetIncomeLoss
23019000 usd
us-gaap Net Income Loss
NetIncomeLoss
2536000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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334000 usd
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1368000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
24387000 usd
us-gaap Comprehensive Income Net Of Tax
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2184000 usd
CY2021Q3 us-gaap Stockholders Equity
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188530000 usd
CY2021Q4 us-gaap Net Income Loss
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14822000 usd
CY2021Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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301000 usd
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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706000 usd
CY2021Q4 us-gaap Dividends Preferred Stock Cash
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1323000 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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173000 usd
CY2021Q4 us-gaap Stockholders Equity
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202607000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
7354000 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
327000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1534000 usd
CY2022Q1 us-gaap Dividends Preferred Stock Cash
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1294000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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861000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
210735000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
843000 usd
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1033000 usd
CY2022Q2 us-gaap Dividends Preferred Stock Cash
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1296000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
334000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
211644000 usd
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
176522000 usd
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
1083000 usd
CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
178000 usd
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
548000 usd
CY2020Q4 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1313000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
178306000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
223000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1234000 usd
CY2021Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1312000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
176458000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
3000000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-596000 usd
CY2021Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1313000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-352000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
177197000 usd
us-gaap Net Income Loss
NetIncomeLoss
23019000 usd
us-gaap Net Income Loss
NetIncomeLoss
2536000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12124000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10470000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
12636000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
11856000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2077000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1025000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3273000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1186000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6283000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
uti Training Equipment Credit Earned Used
TrainingEquipmentCreditEarnedUsed
-921000 usd
uti Training Equipment Credit Earned Used
TrainingEquipmentCreditEarnedUsed
504000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1368000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
352000 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-537000 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
330000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
8234000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
773000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-6093000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1439000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4906000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
621000 usd
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-956000 usd
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
956000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
384000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1693000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-16809000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1299000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2522000 usd
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-891000 usd
uti Increase Decrease In Accrued Tool Sets And Other Current Liabilities
IncreaseDecreaseInAccruedToolSetsAndOtherCurrentLiabilities
-1122000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-10778000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-13546000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4274000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1274000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7906000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14783000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
26514000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
69615000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54245000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
37401000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
188000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
226000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-95934000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
38000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
31150000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
355000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
272000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2617000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2625000 usd
uti Principal Payments On Long Term Debt And Finance Lease Liability
PrincipalPaymentsOnLongTermDebtAndFinanceLeaseLiability
19004000 usd
uti Principal Payments On Long Term Debt And Finance Lease Liability
PrincipalPaymentsOnLongTermDebtAndFinanceLeaseLiability
162000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
633000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
401000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15391000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27690000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25861000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
133721000 usd
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76803000 usd
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
12256000 usd
CY2020Q3 us-gaap Restricted Cash
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12116000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
145977000 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88919000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70713000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102856000 usd
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
2627000 usd
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
11924000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73340000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114780000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
696000 usd
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
2443000 usd
us-gaap Interest Paid Net
InterestPaidNet
1208000 usd
us-gaap Interest Paid Net
InterestPaidNet
133000 usd
uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
1247000 usd
uti Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
400000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
691000 usd
uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
922000 usd
uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
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uti Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
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CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1296000 usd
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1313000 usd
uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
6689000 usd
uti Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
11902000 usd
uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
6774000 usd
uti Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
11528000 usd
CY2022Q2 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
0 usd
CY2021Q2 uti Institutional Funds Cares Act
InstitutionalFundsCARESAct
2677000 usd
us-gaap Nature Of Operations
NatureOfOperations
Nature of the Business<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Founded in 1965, with approximately 250,000 graduates in its history, Universal Technical Institute, Inc. (“we,” “us” or “our”) is a leading provider of transportation and technical training programs. As of June 30, 2022, we offered certificate, diploma or degree programs at 15 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”), NASCAR Technical Institute (“NASCAR Tech”), and MIAT College of Technology (“MIAT”). 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 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 21 on “Government Regulation and Financial Aid” included in our </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="https://www.sec.gov/Archives/edgar/data/1261654/000126165421000073/uti-20210930.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">2021 Annual Report on Form 10-K</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> filed with the SEC on December 2, 2021 (the “2021 Annual Report on Form 10-K”).</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 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 being offered as individuals seek more flexibility and 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.</span></div>
CY2022Q2 uti Number Of Graduated Technicians
NumberOfGraduatedTechnicians
250000 graduate
CY2022Q2 uti Number Of Campuses
NumberOfCampuses
15 location
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.285
uti Contract With Customer Liability Revenue Recognition Period
ContractWithCustomerLiabilityRevenueRecognitionPeriod
P12M
CY2022Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
55172000 usd
CY2021Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
46489000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
42682000 usd
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
57648000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
215000 usd
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
215000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
398673000 usd
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
309840000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
191637000 usd
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
187789000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
207036000 usd
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
122051000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
4500000 usd
us-gaap Depreciation
Depreciation
12000000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
3600000 usd
us-gaap Depreciation
Depreciation
10400000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
16900000 usd
CY2021Q3 us-gaap Goodwill
Goodwill
8222000 usd
CY2021Q3 us-gaap Goodwill
Goodwill
8222000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8637000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022Q2 us-gaap Goodwill
Goodwill
16859000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
8222000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
16900000 usd
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
16642000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
398000 usd
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us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
16600000 usd
us-gaap Amortization Of Intangible Assets
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79900 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26600 usd
us-gaap Operating Lease Cost
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17137000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
97000 usd
uti Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
11 location
CY2022Q2 uti Number Of Campuses
NumberOfCampuses
15 location
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
1600000 usd
CY2022Q2 us-gaap Gain Loss On Termination Of Lease
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CY2022Q2 us-gaap Operating Lease Cost
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4990000 usd
CY2021Q2 us-gaap Operating Lease Cost
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5547000 usd
us-gaap Operating Lease Cost
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17724000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
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CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
32000 usd
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FinanceLeaseInterestExpense
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FinanceLeaseInterestExpense
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FinanceLeaseInterestExpense
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CY2022Q2 us-gaap Variable Lease Cost
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VariableLeaseCost
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VariableLeaseCost
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us-gaap Variable Lease Cost
VariableLeaseCost
2804000 usd
CY2022Q2 us-gaap Sublease Income
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32000 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
119000 usd
us-gaap Sublease Income
SubleaseIncome
122000 usd
us-gaap Sublease Income
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365000 usd
CY2022Q2 us-gaap Lease Cost
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6563000 usd
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q2 us-gaap Lease Cost
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
159075000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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FinanceLeaseRightOfUseAsset
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CY2022Q2 uti Lease Right Of Use Asset
LeaseRightOfUseAsset
139921000 usd
CY2021Q3 uti Lease Right Of Use Asset
LeaseRightOfUseAsset
159169000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13197000 usd
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FinanceLeaseLiabilityCurrent
42000 usd
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
136824000 usd
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
153228000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
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CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23000 usd
CY2022Q2 uti Lease Liability
LeaseLiability
150063000 usd
CY2021Q3 uti Lease Liability
LeaseLiability
167399000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
200000 usd
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
100000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y1M24D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y4M13D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M25D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0392
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0431
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0308
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0308
us-gaap Operating Lease Payments
OperatingLeasePayments
9174000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
13546000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.322
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
55000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
96000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7899000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2214000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19853000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
23000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19656000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19917000 usd
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FinanceLeaseLiabilityPaymentsDueYearThree
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19674000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2022Q2 uti Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
97238000 usd
CY2022Q2 uti Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
178552000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
42000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
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CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
42000 usd
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CY2022Q2 us-gaap Finance Lease Liability Noncurrent
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13824000 usd
CY2021Q3 us-gaap Accounts Payable Current
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13702000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28048000 usd
CY2021Q3 us-gaap Employee Related Liabilities Current
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11189000 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
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57131000 usd
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54397000 usd
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DebtInstrumentCarryingAmount
68329000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1836000 usd
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
30982000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
568000 usd
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
256000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
67761000 usd
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
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CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
929000 usd
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
876000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
66832000 usd
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
29850000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
225000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1115000 usd
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1672000 usd
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1763000 usd
CY2022Q2 uti Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
61718000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
68329000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
568000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
67761000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.030
CY2022Q2 uti Common Stock Shareholder Number Of Votes
CommonStockShareholderNumberOfVotes
1 vote
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
35000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
843000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
3000000 usd
us-gaap Net Income Loss
NetIncomeLoss
23019000 usd
us-gaap Net Income Loss
NetIncomeLoss
2536000 usd
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1296000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1313000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3913000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3938000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-453000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1687000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19106000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
659000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7272000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2022Q2 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-453000 usd
CY2021Q2 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
1028000 usd
uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
11834000 usd
uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-1402000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33257000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32821000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33032000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32746000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2022Q2 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-453000 usd
CY2021Q2 uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
1028000 usd
uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
11834000 usd
uti Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
-1402000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33257000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32821000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33032000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32746000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
215000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
518000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33257000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33036000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33550000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32746000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20921000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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21211000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20303000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21667000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
54174000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
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us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
53847000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
53950000 shares
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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100966000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1954000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4561000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
843000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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83768000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3052000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
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3619000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
3000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
308127000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
18909000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12124000 usd
us-gaap Net Income Loss
NetIncomeLoss
23019000 usd
CY2020Q4 uti Sanitization Supplies Partitions Labor Hours And Other Related Expenses
SanitizationSuppliesPartitionsLaborHoursAndOtherRelatedExpenses
900000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
237602000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
2166000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10470000 usd
us-gaap Net Income Loss
NetIncomeLoss
2536000 usd
CY2022Q2 us-gaap Assets
Assets
540282000 usd
CY2021Q3 us-gaap Assets
Assets
512570000 usd
CY2022Q2 uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
200000 usd
CY2021Q2 uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
300000 usd
uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
700000 usd
uti Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
900000 usd
CY2021 uti Unusual Or Infrequent Items Or Both Proceeds Received Crrsaa
UnusualOrInfrequentItemsOrBothProceedsReceivedCRRSAA
16800000 usd
CY2021 uti Unusual Or Infrequent Items Or Both Proceeds Received Arpa
UnusualOrInfrequentItemsOrBothProceedsReceivedARPA
9900000 usd
CY2022Q2 uti Unusual Or Infrequent Items Or Both Amount Of Student Grants Awarded Crrsaa
UnusualOrInfrequentItemsOrBothAmountOfStudentGrantsAwardedCRRSAA
6800000 usd
CY2022Q2 uti Unusual Or Infrequent Items Or Both Awards Granted
UnusualOrInfrequentItemsOrBothAwardsGranted
4900 student
CY2022Q2 uti Unusual Or Infrequent Items Or Both Grants Amount Included In Restricted Cash
UnusualOrInfrequentItemsOrBothGrantsAmountIncludedInRestrictedCash
700000 usd
CY2022Q2 us-gaap Grants Receivable
GrantsReceivable
100000 usd
CY2020Q4 uti Sanitization Supplies Partitions Labor Hours And Other Related Expenses
SanitizationSuppliesPartitionsLaborHoursAndOtherRelatedExpenses
900000 usd
CY2020Q4 uti Unusual Or Infrequent Items Or Both Draws On Granted Funds Cares Act
UnusualOrInfrequentItemsOrBothDrawsOnGrantedFundsCARESAct
900000 usd

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