2021 Q3 Form 10-Q Financial Statement

#000173956621000151 Filed on August 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $297.9M $269.2M $242.0M
YoY Change 76.64% 11.24%
Cost Of Revenue $202.4M $173.9M $157.1M
YoY Change 90.04% 10.72%
Gross Profit $95.56M $95.24M $84.88M
YoY Change 53.7% 12.21%
Gross Profit Margin 32.08% 35.38% 35.08%
Selling, General & Admin $93.48M $86.66M $68.08M
YoY Change 57.71% 27.29% 67982.0%
% of Gross Profit 97.82% 90.99% 80.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.20M $19.41M $7.100M
YoY Change 84.18% 173.34%
% of Gross Profit 10.67% 20.38% 8.36%
Operating Expenses $93.48M $86.66M $68.08M
YoY Change 57.71% 27.29% 67982.0%
Operating Profit $4.369M $9.299M $17.45M
YoY Change 40.17% -46.71% -13950.0%
Interest Expense $7.896M $10.86M $9.987M
YoY Change 12.33% 8.75% 299.48%
% of Operating Profit 180.73% 116.8% 57.23%
Other Income/Expense, Net $12.23M -$31.64M -$9.728M
YoY Change -285.39% 225.29%
Pretax Income $16.60M -$22.35M $7.723M
YoY Change -576.98% -389.33% 221.79%
Income Tax $400.0K $1.000M $1.200M
% Of Pretax Income 2.41% 15.54%
Net Earnings $17.58M -$22.53M $6.552M
YoY Change -464.41% -443.85% 173.0%
Net Earnings / Revenue 5.9% -8.37% 2.71%
Basic Earnings Per Share $0.22 -$0.30
Diluted Earnings Per Share $0.21 -$0.30 $111.7K
COMMON SHARES
Basic Shares Outstanding 76.50M shares 75.93M shares
Diluted Shares Outstanding 81.73M shares 75.93M shares

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.75M $4.020M $300.0K
YoY Change -16.42% 1240.0% -57.14%
Cash & Equivalents $26.75M $4.020M $314.0K
Short-Term Investments
Other Short-Term Assets $15.32M $12.28M $100.0K
YoY Change 82.32% 12176.0% -66.67%
Inventory $69.98M $67.58M
Prepaid Expenses $87.94K
Receivables $143.5M $130.6M
Other Receivables $7.991M $5.918M
Total Short-Term Assets $263.5M $220.4M $401.5K
YoY Change 16.24% 54793.4% -55.39%
LONG-TERM ASSETS
Property, Plant & Equipment $285.6M $263.0M
YoY Change 0.05%
Goodwill $892.5M $880.1M $207.5M
YoY Change 38.39% 324.22%
Intangibles $1.158B $1.167B
YoY Change 35.42%
Long-Term Investments $452.6M
YoY Change 1.25%
Other Assets $20.42M $14.16M
YoY Change 195.22%
Total Long-Term Assets $2.380B $2.347B $452.6M
YoY Change 29.72% 418.52% 1.25%
TOTAL ASSETS
Total Short-Term Assets $263.5M $220.4M $401.5K
Total Long-Term Assets $2.380B $2.347B $452.6M
Total Assets $2.644B $2.567B $453.0M
YoY Change 28.24% 466.71% 1.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.67M $64.21M $196.8K
YoY Change 33.19% 32524.09%
Accrued Expenses $59.60M $49.59M $1.668M
YoY Change -3.54% 2873.32% 1567.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $19.65M $15.64M
YoY Change 2707.29%
Total Short-Term Liabilities $153.9M $129.4M $2.071M
YoY Change 21.68% 6149.36% 1971.27%
LONG-TERM LIABILITIES
Long-Term Debt $813.1M $743.9M $0.00
YoY Change 97.98%
Other Long-Term Liabilities $122.3M $141.9M $15.50M
YoY Change 40.91% 815.37% 0.0%
Total Long-Term Liabilities $1.010B $960.6M $15.50M
YoY Change 94.13% 6097.36% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $153.9M $129.4M $2.071M
Total Long-Term Liabilities $1.010B $960.6M $15.50M
Total Liabilities $1.164B $1.090B $17.52M
YoY Change 79.96% 6121.19% 12.32%
SHAREHOLDERS EQUITY
Retained Earnings -$254.1M -$264.0M $4.999M
YoY Change 2397.89% -5381.86%
Common Stock $944.8M $941.0M
YoY Change 97.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $693.0M $678.7M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $2.644B $2.567B $453.0M
YoY Change 28.24% 466.71% 1.14%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $17.58M -$22.53M $6.552M
YoY Change -464.41% -443.85% 173.0%
Depreciation, Depletion And Amortization $10.20M $19.41M $7.100M
YoY Change 84.18% 173.34%
Cash From Operating Activities $13.14M -$13.18M -$270.0K
YoY Change -147.35% 4782.59% 350.0%
INVESTING ACTIVITIES
Capital Expenditures -$8.689M $2.134M
YoY Change -392.36%
Acquisitions $25.19M
YoY Change
Other Investing Activities -$36.54M -$21.98M
YoY Change -81.22%
Cash From Investing Activities -$45.23M -$25.31M
YoY Change -76.0%
FINANCING ACTIVITIES
Cash Dividend Paid $4.261M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 54.82M -$4.317M
YoY Change -122.9%
NET CHANGE
Cash From Operating Activities 13.14M -$13.18M -270.0K
Cash From Investing Activities -45.23M -$25.31M
Cash From Financing Activities 54.82M -$4.317M
Net Change In Cash 22.72M -$42.81M -270.0K
YoY Change -104.99% 15755.93% 350.0%
FREE CASH FLOW
Cash From Operating Activities $13.14M -$13.18M -$270.0K
Capital Expenditures -$8.689M $2.134M
Free Cash Flow $21.83M -$15.32M
YoY Change -171.05%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3521000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
327000 USD
CY2019Q4 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
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-33352000 USD
CY2020Q1 us-gaap Profit Loss
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1692000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-7208000 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2657000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
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4300000 USD
CY2020Q1 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
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-41525000 USD
CY2020Q2 us-gaap Profit Loss
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6552000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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-709000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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2539000 USD
CY2020Q2 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
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-38221000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1384902000 USD
CY2021Q2 utz Stock Issued During Period Value Conversion Of Warrants
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111945000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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2883000 USD
CY2021Q2 us-gaap Profit Loss
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-23349000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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822000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1477203000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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3756000 USD
CY2021Q3 us-gaap Profit Loss
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16179000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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607000 USD
CY2021Q3 us-gaap Dividends Cash
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7645000 USD
CY2021Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10829000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1479271000 USD
us-gaap Profit Loss
ProfitLoss
-7170000 USD
us-gaap Profit Loss
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8244000 USD
us-gaap Depreciation Depletion And Amortization
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38552000 USD
us-gaap Depreciation Depletion And Amortization
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17947000 USD
us-gaap Fair Value Adjustment Of Warrants
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2133000 USD
us-gaap Fair Value Adjustment Of Warrants
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0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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904000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
93000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
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2104000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
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1031000 USD
us-gaap Share Based Compensation
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6639000 USD
us-gaap Share Based Compensation
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0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1224000 USD
us-gaap Deferred Income Tax Expense Benefit
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2239000 USD
us-gaap Amortization Of Financing Costs
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3168000 USD
us-gaap Amortization Of Financing Costs
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1306000 USD
us-gaap Increase Decrease In Accounts Receivable
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21303000 USD
us-gaap Increase Decrease In Accounts Receivable
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15368000 USD
us-gaap Increase Decrease In Inventories
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6730000 USD
us-gaap Increase Decrease In Inventories
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3288000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8229000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2573000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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12930000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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20313000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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66631000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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8816000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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8816000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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10823000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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8350000 USD
us-gaap Payments To Acquire Intangible Assets
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1200000 USD
us-gaap Payments To Acquire Intangible Assets
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650000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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1490000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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533000 USD
us-gaap Proceeds From Sale Of Intangible Assets
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3800000 USD
us-gaap Proceeds From Sale Of Intangible Assets
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2748000 USD
us-gaap Proceeds From Sale Of Notes Receivable
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7922000 USD
us-gaap Proceeds From Sale Of Notes Receivable
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0 USD
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5101000 USD
us-gaap Payments To Acquire Notes Receivable
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3476000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Debt
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808000000 USD
us-gaap Proceeds From Issuance Of Debt
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2650000 USD
us-gaap Repayments Of Debt
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786555000 USD
us-gaap Repayments Of Debt
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4838000 USD
us-gaap Payments Of Debt Issuance Costs
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9085000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Proceeds From Warrant Exercises
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57232000 USD
us-gaap Proceeds From Warrant Exercises
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0 USD
us-gaap Payments Of Dividends
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8082000 USD
us-gaap Payments Of Dividends
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0 USD
us-gaap Payments Of Distributions To Affiliates
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0 USD
us-gaap Payments Of Distributions To Affiliates
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5196000 USD
us-gaap Payments To Minority Shareholders
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11009000 USD
us-gaap Payments To Minority Shareholders
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0 USD
us-gaap Net Cash Provided By Used In Financing Activities
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50501000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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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
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-5082000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46831000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15053000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26745000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9971000 USD
CY2021Q3 utz Promotional Program Reserve
PromotionalProgramReserve
25300000 USD
CY2021Q1 utz Promotional Program Reserve
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17600000 USD
us-gaap Use Of Estimates
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> – Management uses estimates and assumptions in preparing the consolidated financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Some examples, but not a comprehensive list, include sales and promotional allowances, customer returns, allowances for doubtful accounts, inventory valuations, useful lives of fixed assets and related impairment, long-term investments, hedge transactions, goodwill and intangible asset valuations and impairments, incentive compensation, income taxes, self-insurance, contingencies, litigation, and inputs used to calculate deferred tax liabilities, tax valuation allowances, tax receivable agreements, and warrant liabilities related to the private placement warrants further described in Note 16 "Warrants". Actual results could vary materially from the estimates that were used.</span>
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
871150000 USD
CY2020Q4 utz Business Combination Consideration Received Income Tax Refunds
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4468000 USD
CY2021Q1 us-gaap Income Tax Receivable
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4500000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
4500000 USD
CY2021Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
52600000 USD
CY2021Q3 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
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-4000000.0 USD
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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96900000 USD
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
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700000 USD
CY2021Q3 us-gaap Inventory Finished Goods
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42018000 USD
CY2021Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
28935000 USD
CY2021Q3 us-gaap Inventory Raw Materials
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21967000 USD
CY2021Q1 us-gaap Inventory Raw Materials
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25129000 USD
CY2021Q3 us-gaap Other Inventories Spare Parts
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5993000 USD
CY2021Q1 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
5746000 USD
CY2021Q3 us-gaap Inventory Net
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69978000 USD
CY2021Q1 us-gaap Inventory Net
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59810000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
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318068000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
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282836000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
32457000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12420000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
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285611000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
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270416000 USD
CY2021Q3 us-gaap Depreciation
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10200000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
7100000 USD
us-gaap Depreciation
Depreciation
20300000 USD
us-gaap Depreciation
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14100000 USD
CY2021Q1 us-gaap Goodwill
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862183000 USD
CY2021Q2 us-gaap Goodwill
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880063000 USD
CY2021Q3 us-gaap Goodwill
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736484000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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731224000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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26582000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8268000 USD
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709902000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
722956000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
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1157679000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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1171709000 USD
CY2021Q3 us-gaap Amortization Of Intangible Assets
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8900000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
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1900000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
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19845000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
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36968000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
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80788000 USD
CY2021Q3 utz Tax Receivable Agreement Noncurrent
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28669000 USD
CY2021Q3 utz Accrued Freight And Manufacturing Current
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6157000 USD
CY2021Q1 utz Accrued Freight And Manufacturing Current
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6972000 USD
CY2021Q3 us-gaap Accrued Insurance Current
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9122000 USD
CY2021Q1 us-gaap Accrued Insurance Current
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8100000 USD
CY2021Q3 utz Short Term Interest Rate Hedge Liability Accrued
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3052000 USD
CY2021Q1 utz Short Term Interest Rate Hedge Liability Accrued
ShortTermInterestRateHedgeLiabilityAccrued
3048000 USD
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570000 USD
CY2021Q1 us-gaap Interest Payable Current
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1220000 USD
CY2021Q3 us-gaap Sales And Excise Tax Payable Current
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1300000 USD
CY2021Q1 us-gaap Sales And Excise Tax Payable Current
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1300000 USD
CY2021Q3 utz Accrued Business Combination Transaction Fees Current
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4468000 USD
CY2021Q1 utz Accrued Business Combination Transaction Fees Current
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4468000 USD
CY2021Q3 utz Accrued Distributions Current
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3826000 USD
CY2021Q1 utz Accrued Distributions Current
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4261000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
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11259000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
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14451000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
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59599000 USD
CY2021Q3 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Retirement And Salary Continuation Plans
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7911000 USD
CY2021Q1 utz Tax Receivable Agreement Noncurrent
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28669000 USD
CY2021Q1 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Retirement And Salary Continuation Plans
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6901000 USD
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650000 USD
CY2021Q1 us-gaap Hedging Liabilities Noncurrent
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2082000 USD
CY2021Q3 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Accrued
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50000 USD
CY2021Q1 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Accrued
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119000 USD
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37280000 USD
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
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37771000 USD
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13000000.0 USD
CY2021Q3 utz Sale Leaseback Transaction Term Of Transaction
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P60M
CY2021Q3 utz Sale Leaseback Transaction Interest Rate
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0.0326
CY2021Q3 us-gaap Capital Lease Obligations
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8487000 USD
CY2021Q1 us-gaap Capital Lease Obligations
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8967000 USD
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137612000 USD
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
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21501000 USD
CY2021Q2 utz Reclassification Of Warrant Liabilities
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54713000 USD
CY2021Q2 us-gaap Warrants And Rights Outstanding
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104400000 USD
CY2021Q3 us-gaap Fair Value Adjustment Of Warrants
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CY2021Q3 us-gaap Warrants And Rights Outstanding
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85032000 USD
CY2021Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
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64600000 USD
CY2021Q3 utz Purchase Commitment Losses
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0.0 USD
CY2020Q2 utz Purchase Commitment Losses
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700000 USD
utz Purchase Commitment Losses
PurchaseCommitmentLosses
0.0 USD
utz Purchase Commitment Losses
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1000000.0 USD
us-gaap Income Taxes Paid
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0.0 USD
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8100000 USD
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2400000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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900000 USD
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17400000 USD
us-gaap Interest Paid Net
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19100000 USD
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200000 USD
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0.0 USD
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3100000 USD
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
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3800000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
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400000 USD
us-gaap Income Tax Expense Benefit
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1400000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
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1200000 USD
us-gaap Income Tax Expense Benefit
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2600000 USD
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0.152
us-gaap Effective Income Tax Rate Continuing Operations
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0.242
CY2021Q3 utz Effective Income Tax Rate Reconciliation Before Discrete Items Percent
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-0.091
utz Effective Income Tax Rate Reconciliation Before Discrete Items Percent
EffectiveIncomeTaxRateReconciliationBeforeDiscreteItemsPercent
-0.055
CY2021Q3 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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200000 USD
us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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1200000 USD
utz Business Combination Consideration Transferred Tax Receivable Agreement
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28700000 USD
CY2021 utz Business Combination Consideration Transferred Tax Receivable Agreement
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28700000 USD
CY2021Q3 us-gaap Capital Leased Assets Gross
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9225000 USD
CY2021Q1 us-gaap Capital Leased Assets Gross
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9335000 USD
CY2021Q3 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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1401000 USD
CY2021Q1 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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526000 USD
CY2021Q3 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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7824000 USD
CY2021Q1 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
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8809000 USD
CY2021Q3 us-gaap Operating Leases Rent Expense Net
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3000000.0 USD
CY2020Q2 us-gaap Operating Leases Rent Expense Net
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2700000 USD
us-gaap Operating Leases Rent Expense Net
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5600000 USD
us-gaap Operating Leases Rent Expense Net
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5600000 USD
CY2021Q3 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
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6638000 USD
CY2021Q3 us-gaap Capital Leases Future Minimum Payments Due Current
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11696000 USD
CY2021Q3 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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9337000 USD
CY2021Q3 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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6562000 USD
CY2021Q3 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
5126000 USD
CY2021Q3 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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6274000 USD
CY2021Q3 us-gaap Capital Leases Future Minimum Payments Due
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45633000 USD
CY2021 utz Stock Issued During Period Shares Conversion Of Warrants
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10825664 shares
CY2021Q3 us-gaap Fair Value Adjustment Of Warrants
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-19400000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2100000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
17579000 USD
CY2021Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
384000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17195000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76500488 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
17579000 USD
CY2021Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
384000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
17195000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76500488 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81732056 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1400000 USD
us-gaap Net Income Loss
NetIncomeLoss
-4950000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
170000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5120000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76213746 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5677087 shares
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2220000 USD

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