2023 Q1 Form 10-Q Financial Statement
#000126165423000037 Filed on February 09, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
Revenue | $163.8M | $120.0M | $105.1M |
YoY Change | 60.47% | 14.21% | 38.03% |
Cost Of Revenue | $37.45M | $27.34M | $23.08M |
YoY Change | 67.07% | 18.46% | 27.51% |
Gross Profit | $126.4M | $92.66M | $82.00M |
YoY Change | 58.62% | 13.01% | 41.13% |
Gross Profit Margin | 77.14% | 77.22% | 78.03% |
Selling, General & Admin | $70.94M | $54.15M | $43.60M |
YoY Change | 43.32% | 24.2% | 21.04% |
% of Gross Profit | 56.14% | 58.44% | 53.17% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.746M | $5.248M | $3.679M |
YoY Change | 73.69% | 42.65% | 12.1% |
% of Gross Profit | 5.34% | 5.66% | 4.49% |
Operating Expenses | $157.9M | $115.6M | $91.50M |
YoY Change | 59.94% | 26.29% | 21.43% |
Operating Profit | $5.949M | $4.448M | $13.58M |
YoY Change | 76.16% | -67.24% | 1652.0% |
Interest Expense | $2.637M | $1.423M | $233.0K |
YoY Change | 465.88% | 510.73% | 11550.0% |
% of Operating Profit | 44.33% | 31.99% | 1.72% |
Other Income/Expense, Net | -$706.0K | -$275.0K | -$103.0K |
YoY Change | 13.69% | 166.99% | -130.84% |
Pretax Income | $5.243M | $4.173M | $13.48M |
YoY Change | 90.24% | -69.03% | 1115.06% |
Income Tax | $1.800M | $1.500M | -$1.300M |
% Of Pretax Income | 34.33% | 35.95% | -9.65% |
Net Earnings | $3.480M | $2.648M | $14.82M |
YoY Change | -52.68% | -82.13% | 1268.61% |
Net Earnings / Revenue | 2.12% | 2.21% | 14.11% |
Basic Earnings Per Share | $0.04 | $0.03 | $0.25 |
Diluted Earnings Per Share | $0.04 | $0.02 | $0.25 |
COMMON SHARES | |||
Basic Shares Outstanding | 33.97M shares | 33.77M shares | 32.85M shares |
Diluted Shares Outstanding | 34.55M shares | 34.41M shares | 33.57M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $120.6M | $162.2M | $99.51M |
YoY Change | 96.07% | 63.02% | 38.02% |
Cash & Equivalents | $120.6M | $162.2M | $99.51M |
Short-Term Investments | $0.00 | $0.00 | |
Other Short-Term Assets | $8.742M | $8.871M | $8.325M |
YoY Change | 17.17% | 6.56% | 19.18% |
Inventory | |||
Prepaid Expenses | $9.883M | $11.42M | $7.584M |
Receivables | $25.44M | $22.25M | $14.80M |
Other Receivables | $5.954M | $5.727M | $5.522M |
Total Short-Term Assets | $174.6M | $215.0M | $147.3M |
YoY Change | 59.5% | 46.01% | 12.81% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $445.5M | $440.8M | $310.4M |
YoY Change | 33.06% | 41.99% | 20.84% |
Goodwill | $28.46M | $26.99M | $18.00M |
YoY Change | 246.13% | 49.96% | 119.51% |
Intangibles | $19.32M | $18.90M | $16.30M |
YoY Change | 18.74% | 15.91% | |
Long-Term Investments | $4.665M | ||
YoY Change | 3.67% | ||
Other Assets | $8.984M | $9.496M | $9.369M |
YoY Change | 70.86% | 1.36% | 4.15% |
Total Long-Term Assets | $538.1M | $533.0M | $386.3M |
YoY Change | 31.93% | 38.0% | 27.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $174.6M | $215.0M | $147.3M |
Total Long-Term Assets | $538.1M | $533.0M | $386.3M |
Total Assets | $712.7M | $748.1M | $533.5M |
YoY Change | 37.76% | 40.21% | 22.77% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $11.83M | $13.04M | $11.63M |
YoY Change | 30.4% | 12.1% | -3.38% |
Accrued Expenses | $17.03M | $19.13M | $12.98M |
YoY Change | 2.99% | 47.45% | 9.93% |
Deferred Revenue | $64.81M | $75.33M | $50.81M |
YoY Change | 54.28% | 48.25% | 19.23% |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.319M | $1.945M | $884.0K |
YoY Change | -2.32% | 120.02% | 784.0% |
Total Short-Term Liabilities | $154.5M | $169.2M | $123.2M |
YoY Change | 30.58% | 37.35% | 9.52% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $160.8M | $161.0M | $29.64M |
YoY Change | 249.28% | 443.36% | 29536.0% |
Other Long-Term Liabilities | $4.777M | $4.816M | $4.814M |
YoY Change | 4.16% | 0.04% | -56.02% |
Total Long-Term Liabilities | $165.6M | $165.8M | $34.45M |
YoY Change | 227.08% | 381.41% | 214.73% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $154.5M | $169.2M | $123.2M |
Total Long-Term Liabilities | $165.6M | $165.8M | $34.45M |
Total Liabilities | $491.8M | $530.8M | $330.9M |
YoY Change | 60.41% | 60.39% | 29.13% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.293M | $64.00K | -$8.497M |
YoY Change | -194.09% | -100.75% | -73.07% |
Common Stock | $150.9M | $149.0M | $142.7M |
YoY Change | 4.85% | 4.41% | 0.95% |
Preferred Stock | $66.48M | $66.48M | $68.85M |
YoY Change | -3.45% | -3.45% | 0.0% |
Treasury Stock (at cost) | $365.0K | ||
YoY Change | 0.0% | ||
Treasury Stock Shares | 82.00K shares | ||
Shareholders Equity | $220.9M | $217.3M | $202.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $712.7M | $748.1M | $533.5M |
YoY Change | 37.76% | 40.21% | 22.77% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.480M | $2.648M | $14.82M |
YoY Change | -52.68% | -82.13% | 1268.61% |
Depreciation, Depletion And Amortization | $6.746M | $5.248M | $3.679M |
YoY Change | 73.69% | 42.65% | 12.1% |
Cash From Operating Activities | -$7.127M | $2.812M | $2.456M |
YoY Change | -189.72% | 14.5% | -68.44% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $31.86M | $6.782M | $10.79M |
YoY Change | -175.21% | -37.16% | -77.18% |
Acquisitions | $16.97M | $26.14M | |
YoY Change | -35.07% | ||
Other Investing Activities | $0.00 | $12.03M | -$26.07M |
YoY Change | -100.0% | -146.14% | -359.62% |
Cash From Investing Activities | -$31.86M | $5.245M | -$36.86M |
YoY Change | -25.24% | -114.23% | -1.05% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -3.193M | $88.72M | -$517.0K |
YoY Change | -6.25% | -17260.15% | 146.19% |
NET CHANGE | |||
Cash From Operating Activities | -7.127M | $2.812M | $2.456M |
Cash From Investing Activities | -31.86M | $5.245M | -$36.86M |
Cash From Financing Activities | -3.193M | $88.72M | -$517.0K |
Net Change In Cash | -42.18M | $96.78M | -$34.92M |
YoY Change | 10.77% | -377.13% | 17.67% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.127M | $2.812M | $2.456M |
Capital Expenditures | $31.86M | $6.782M | $10.79M |
Free Cash Flow | -$38.99M | -$3.970M | -$8.337M |
YoY Change | -177.5% | -52.38% | -78.9% |
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Additional Paid In Capital Preferred Stock
AdditionalPaidInCapitalPreferredStock
|
66481000 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
82000 | shares |
CY2022Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
82000 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
365000 | usd |
CY2022Q3 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
365000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
64000 | usd |
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1307000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
2087000 | usd |
CY2022Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
2213000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
217286000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
215397000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
748073000 | usd |
CY2022Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
552911000 | usd |
CY2022Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
120004000 | usd |
CY2021Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
105075000 | usd |
CY2022Q4 | uti |
Educational Services And Facilities
EducationalServicesAndFacilities
|
61408000 | usd |
CY2021Q4 | uti |
Educational Services And Facilities
EducationalServicesAndFacilities
|
47901000 | usd |
CY2022Q4 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
54148000 | usd |
CY2021Q4 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
43596000 | usd |
CY2022Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
115556000 | usd |
CY2021Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
91497000 | usd |
CY2022Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4448000 | usd |
CY2021Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13578000 | usd |
CY2022Q4 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
823000 | usd |
CY2021Q4 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
12000 | usd |
CY2022Q4 | us-gaap |
Interest Expense
InterestExpense
|
1423000 | usd |
CY2021Q4 | us-gaap |
Interest Expense
InterestExpense
|
233000 | usd |
CY2022Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
325000 | usd |
CY2021Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
118000 | usd |
CY2022Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-275000 | usd |
CY2021Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-103000 | usd |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
4173000 | usd |
CY2021Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
13475000 | usd |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1525000 | usd |
CY2021Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1347000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2648000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14822000 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1277000 | usd |
CY2021Q4 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1323000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1371000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
13499000 | usd |
CY2022Q4 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
514000 | usd |
CY2021Q4 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
5267000 | usd |
CY2022Q4 | uti |
Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
|
857000 | usd |
CY2021Q4 | uti |
Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
|
8232000 | usd |
CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2021Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.25 | |
CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2021Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.25 | |
CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33805000 | shares |
CY2021Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32849000 | shares |
CY2022Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34408000 | shares |
CY2021Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
33572000 | shares |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2648000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14822000 | usd |
CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-126000 | usd |
CY2021Q4 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
173000 | usd |
CY2022Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2522000 | usd |
CY2021Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
14995000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
215397000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2648000 | usd |
CY2022Q4 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
525000 | usd |
CY2022Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1169000 | usd |
CY2022Q4 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1277000 | usd |
CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-126000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
217286000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
188530000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14822000 | usd |
CY2021Q4 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
301000 | usd |
CY2021Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
706000 | usd |
CY2021Q4 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
1323000 | usd |
CY2021Q4 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
173000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
202607000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2648000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14822000 | usd |
CY2022Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5248000 | usd |
CY2021Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3679000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
4120000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
4472000 | usd |
CY2022Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
535000 | usd |
CY2021Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
560000 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1169000 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
706000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1068000 | usd |
CY2021Q4 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1893000 | usd |
CY2022Q4 | uti |
Training Equipment Credit Earned Used
TrainingEquipmentCreditEarnedUsed
|
-83000 | usd |
CY2021Q4 | uti |
Training Equipment Credit Earned Used
TrainingEquipmentCreditEarnedUsed
|
-147000 | usd |
CY2022Q4 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
126000 | usd |
CY2021Q4 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-173000 | usd |
CY2022Q4 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
143000 | usd |
CY2021Q4 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
148000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-4657000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-4920000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1438000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
590000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2079000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
29000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
622000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
1514000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-15925000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-8367000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
4634000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-8666000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-4963000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-2567000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-46000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-2955000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2812000 | usd |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2456000 | usd |
CY2022Q4 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
16973000 | usd |
CY2021Q4 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
26142000 | usd |
CY2022Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6782000 | usd |
CY2021Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10792000 | usd |
CY2022Q4 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
29000000 | usd |
CY2021Q4 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
0 | usd |
CY2022Q4 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
0 | usd |
CY2021Q4 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
75000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
5245000 | usd |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-36859000 | usd |
CY2022Q4 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
90000000 | usd |
CY2021Q4 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
0 | usd |
CY2022Q4 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
484000 | usd |
CY2021Q4 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | usd |
CY2022Q4 | uti |
Principal Payments On Long Term Debt And Finance Lease Liability
PrincipalPaymentsOnLongTermDebtAndFinanceLeaseLiability
|
273000 | usd |
CY2021Q4 | uti |
Principal Payments On Long Term Debt And Finance Lease Liability
PrincipalPaymentsOnLongTermDebtAndFinanceLeaseLiability
|
216000 | usd |
CY2022Q4 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
525000 | usd |
CY2021Q4 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
301000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
88718000 | usd |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-517000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
96775000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-34920000 | usd |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
66452000 | usd |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
133721000 | usd |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
3544000 | usd |
CY2021Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
12256000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69996000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
145977000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
162229000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
99513000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
4542000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
11544000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
166771000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
111057000 | usd |
CY2022Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1465000 | usd |
CY2021Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
223000 | usd |
CY2022Q4 | uti |
Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
|
174000 | usd |
CY2021Q4 | uti |
Training Equipment Obtained In Exchange For Services
TrainingEquipmentObtainedInExchangeForServices
|
221000 | usd |
CY2022Q4 | uti |
Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
|
198000 | usd |
CY2021Q4 | uti |
Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
|
238000 | usd |
CY2022Q4 | uti |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
2837000 | usd |
CY2021Q4 | uti |
Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
|
3651000 | usd |
CY2022Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1277000 | usd |
CY2021Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1323000 | usd |
CY2022Q4 | uti |
Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
|
0 | usd |
CY2021Q4 | uti |
Amount Received To Offset Costs Cares Act
AmountReceivedToOffsetCostsCARESAct
|
2816000 | usd |
CY2022Q4 | uti |
Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
|
0 | usd |
CY2021Q4 | uti |
Grants Awarded Amount Cares Act
GrantsAwardedAmountCARESAct
|
2900000 | usd |
CY2022Q4 | 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%">Universal Technical Institute, Inc., which together with its subsidiaries is referred to as the “Company”, “we,” “us” or “our,” was founded in 1965 and is a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, whose mission is to serve students, partners, and communities by providing quality education and support services for in-demand careers across a number of highly-skilled fields. We offer the majority of our programs in a blended learning model that combines instructor-facilitated online teaching and demonstrations with hands-on labs. As a result of the Concorde Career Colleges, Inc. acquisition on December 1, 2022 (the “Concorde Acquisition”), beginning with this reporting period we have two reportable segments as follows: </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Universal Technical Institute (“UTI”):</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">UTI operates 16 campuses located in nine states and offers a wide range of degree and non-degree transportation and skilled trades technical training programs under brands such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology (“MIAT”). UTI also offers manufacturer specific advanced training programs, which include student-paid electives, at our campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. Lastly, UTI provides dealer technician training or instructor staffing services to manufacturers. UTI works closely with over 35 original equipment manufacturers and industry brand partners to understand their needs for qualified service professionals. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concorde Career Colleges (“Concorde”):</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Concorde operates across 17 campuses in eight states, offering degree, non-degree, and continuing education programs in the allied health, dental, nursing, patient care and diagnostic fields. Concorde believes in preparing students for their health care careers with practical, hands-on experiences including opportunities to learn while providing care to real patients. Prior to graduation, students will complete a number of hours in a clinical setting or externship, depending upon their program of study. We acquired Concorde on December 1, 2022. See Note 4 on “Acquisitions” for additional information.</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%">“Corporate” includes corporate related expenses that are not allocated to the UTI or Concorde reportable segments. These costs were previously allocated across our former “Postsecondary Education” reportable segment and “Other” category based upon compensation expense. Additional information about our reportable segments is presented in Note 19. </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%">Our primary source of revenues is currently 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 of the Higher Education Act of 1965, as amended (“HEA”), as well as other federal programs. For further discussion, see Note 2 on “Summary of Significant Accounting Policies - Concentration of Risk” and Note 24 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="http://www.sec.gov/ix?doc=/Archives/edgar/data/1261654/000126165422000105/uti-20220930.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">2022 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 12, 2022 (the “2022 Annual Report on Form 10-K”).</span></div> | |
CY2022Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2022Q4 | uti |
Number Of Campuses
NumberOfCampuses
|
16 | campus |
CY2022Q4 | uti |
Number Of States
NumberOfStates
|
9 | state |
CY2022Q4 | uti |
Number Of Manufacturer Brand Partners And Employers
NumberOfManufacturerBrandPartnersAndEmployers
|
35 | manufacturer |
CY2022Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
75328000 | usd |
CY2022Q4 | us-gaap |
Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
|
The majority of the UTI programs are designed to be completed in 36 to 90 weeks while the MIAT programs are completed in 28 to 96 weeks. The UTI advanced training programs range from 12 to 23 weeks in duration. UTI also provides dealer technician training or instructor staffing services to manufacturers. Revenues are recognized as transfer of the services occurs. The majority of Concorde’s core programs are nine to ten months in duration and are billed in full at the start of the program. Clinical programs are 12 to 24 month programs that are billed by academic term. Clinical programs may have up to nine academic terms that last two to three months. | |
CY2022Q4 | uti |
Contract With Customer Liability Revenue Recognition Period
ContractWithCustomerLiabilityRevenueRecognitionPeriod
|
P12M | |
CY2022Q4 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
56234000 | usd |
CY2022Q3 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
46826000 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
54223000 | usd |
CY2022Q4 | us-gaap |
Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
2976000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
215000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
435494000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
408717000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
194658000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
194425000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
240836000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
214292000 | usd |
CY2022Q4 | us-gaap |
Depreciation
Depreciation
|
5100000 | usd |
CY2021Q4 | us-gaap |
Depreciation
Depreciation
|
3700000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
27000000 | usd |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
16859000 | usd |
CY2021Q3 | us-gaap |
Goodwill
Goodwill
|
16859000 | usd |
CY2022Q4 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
10133000 | usd |
CY2022 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
26992000 | usd |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
16859000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
27000000 | usd |
CY2022Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
26992000 | usd |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
16859000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
19442000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
547000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
18895000 | usd |
CY2022Q4 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P5Y2M1D | |
CY2021Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
16642000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
340000 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
16302000 | usd |
CY2021Q4 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P4Y5M19D | |
CY2022Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
120000 | usd |
CY2021Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
20000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
19400000 | usd |
CY2022Q4 | uti |
Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
|
29 | campus |
CY2022Q4 | uti |
Operating Lease Number Of Leasable Campuses
OperatingLeaseNumberOfLeasableCampuses
|
33 | campus |
CY2022Q4 | uti |
Operating Lease Number Of Corporate Office Locations Leased
OperatingLeaseNumberOfCorporateOfficeLocationsLeased
|
2 | location |
CY2022Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
5704000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
6363000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
198000 | usd |
CY2021Q4 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
18000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
87000 | usd |
CY2021Q4 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
1000 | usd |
CY2022Q4 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1950000 | usd |
CY2021Q4 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1091000 | usd |
CY2022Q4 | us-gaap |
Sublease Income
SubleaseIncome
|
32000 | usd |
CY2021Q4 | us-gaap |
Sublease Income
SubleaseIncome
|
59000 | usd |
CY2022Q4 | us-gaap |
Lease Cost
LeaseCost
|
7907000 | usd |
CY2021Q4 | us-gaap |
Lease Cost
LeaseCost
|
7414000 | usd |
CY2022Q4 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
199947000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
199947000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
132038000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
2719000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
22000 | usd |
CY2022Q4 | uti |
Lease Right Of Use Asset
LeaseRightOfUseAsset
|
202666000 | usd |
CY2022Q3 | uti |
Lease Right Of Use Asset
LeaseRightOfUseAsset
|
132060000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
24206000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
24206000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
12959000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
642000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
23000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
195730000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
195730000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
129302000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
4982000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
0 | usd |
CY2022Q4 | uti |
Lease Liability
LeaseLiability
|
225560000 | usd |
CY2022Q3 | uti |
Lease Liability
LeaseLiability
|
142284000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
300000 | usd |
CY2022Q3 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
200000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P8Y5M4D | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P8Y11M1D | |
CY2022Q4 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P6Y29D | |
CY2022Q3 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y3M29D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0358 | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0391 | |
CY2022Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0929 | |
CY2022Q3 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0308 | |
CY2022Q4 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
4963000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2567000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
115000 | usd |
CY2020Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
35000000 | usd |
CY2021Q4 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
18000 | usd |
CY2022Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
117000 | usd |
CY2021Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
7457000 | usd |
CY2022Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | usd |
CY2021Q4 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
21804000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
854000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
33160000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
1159000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
31829000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
1193000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
30763000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
1229000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
29301000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
1266000 | usd |
CY2022Q4 | uti |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
108252000 | usd |
CY2022Q4 | uti |
Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
|
1743000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
255109000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
7444000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
35173000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
1820000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
219936000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
5624000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
24206000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
642000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
195730000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
4982000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
13039000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
21746000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
27453000 | usd |
CY2022Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
28430000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
19134000 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
13328000 | usd |
CY2022Q4 | uti |
Accrued Tool Sets
AccruedToolSets
|
3229000 | usd |
CY2022Q3 | uti |
Accrued Tool Sets
AccruedToolSets
|
3176000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
62855000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
66680000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
163501000 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
68106000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
527000 | usd |
CY2022Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
568000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
162974000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
67538000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1945000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1115000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
161029000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
66423000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
1363000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
72381000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
2578000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
22767000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
2969000 | usd |
CY2022Q4 | uti |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
61443000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
163501000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
527000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
162974000 | usd |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1500000 | usd |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.365 | |
CY2021Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1300000 | usd |
CY2021Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.100 | |
CY2022Q4 | uti |
Common Stock Shareholder Number Of Votes
CommonStockShareholderNumberOfVotes
|
1 | vote |
CY2022Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1300000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2648000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14822000 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1277000 | usd |
CY2021Q4 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1323000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1371000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
13499000 | usd |
CY2022Q4 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
514000 | usd |
CY2021Q4 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
5267000 | usd |
CY2022Q4 | uti |
Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
|
857000 | usd |
CY2021Q4 | uti |
Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
|
8232000 | usd |
CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33805000 | shares |
CY2021Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32849000 | shares |
CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2022Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2022Q4 | uti |
Number Of Campuses
NumberOfCampuses
|
16 | campus |
CY2021Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.25 | |
CY2022Q4 | uti |
Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
|
857000 | usd |
CY2021Q4 | uti |
Net Income Loss Availableto Common Stockholders Basic Net
NetIncomeLossAvailabletoCommonStockholdersBasicNet
|
8232000 | usd |
CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33805000 | shares |
CY2021Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32849000 | shares |
CY2022Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
603000 | shares |
CY2021Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
723000 | shares |
CY2022Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34408000 | shares |
CY2021Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
33572000 | shares |
CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2021Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.25 | |
CY2022Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
20803000 | shares |
CY2021Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
21207000 | shares |
CY2022Q4 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
54705000 | shares |
CY2021Q4 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
54593000 | shares |
CY2022Q4 | uti |
Number Of States
NumberOfStates
|
9 | state |
CY2022Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
120004000 | usd |
CY2022Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4448000 | usd |
CY2022Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5248000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2648000 | usd |
CY2021Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
105075000 | usd |
CY2021Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13578000 | usd |
CY2021Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3679000 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14822000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
748073000 | usd |
CY2022Q3 | us-gaap |
Assets
Assets
|
552911000 | usd |
CY2022Q4 | uti |
Depreciation Of Training Equipment Obtained In Exchange For Services
DepreciationOfTrainingEquipmentObtainedInExchangeForServices
|
200000 | usd |