2022 Q2 Form 10-Q Financial Statement

#000173956622000144 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $340.8M $269.2M
YoY Change 26.59% 11.24%
Cost Of Revenue $237.0M $173.9M
YoY Change 36.23% 10.72%
Gross Profit $103.8M $95.24M
YoY Change 8.99% 12.21%
Gross Profit Margin 30.46% 35.38%
Selling, General & Admin $126.7M $86.66M
YoY Change 46.16% 27.29%
% of Gross Profit 122.02% 90.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.12M $19.41M
YoY Change 13.98% 173.34%
% of Gross Profit 21.31% 20.38%
Operating Expenses $126.7M $86.66M
YoY Change 46.16% 27.29%
Operating Profit -$22.49M $9.299M
YoY Change -341.82% -46.71%
Interest Expense $9.103M $10.86M
YoY Change -16.19% 8.75%
% of Operating Profit 116.8%
Other Income/Expense, Net -$6.639M -$31.64M
YoY Change -79.02% 225.29%
Pretax Income -$29.13M -$22.35M
YoY Change 30.35% -389.33%
Income Tax $2.800M $1.000M
% Of Pretax Income
Net Earnings -$17.57M -$22.53M
YoY Change -22.01% -443.85%
Net Earnings / Revenue -5.16% -8.37%
Basic Earnings Per Share -$0.22 -$0.30
Diluted Earnings Per Share -$0.22 -$0.30
COMMON SHARES
Basic Shares Outstanding 78.57M shares 75.93M shares
Diluted Shares Outstanding 78.57M shares 75.93M shares

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.90M $4.020M
YoY Change 270.62% 1240.0%
Cash & Equivalents $14.90M $4.020M
Short-Term Investments
Other Short-Term Assets $17.04M $12.28M
YoY Change 38.82% 12176.0%
Inventory $93.78M $67.58M
Prepaid Expenses
Receivables $148.4M $130.6M
Other Receivables $6.401M $5.918M
Total Short-Term Assets $280.6M $220.4M
YoY Change 27.29% 54793.4%
LONG-TERM ASSETS
Property, Plant & Equipment $298.7M $263.0M
YoY Change 13.56%
Goodwill $915.5M $880.1M
YoY Change 4.03% 324.22%
Intangibles $1.130B $1.167B
YoY Change -3.17%
Long-Term Investments
YoY Change
Other Assets $78.51M $14.16M
YoY Change 454.41%
Total Long-Term Assets $2.442B $2.347B
YoY Change 4.08% 418.52%
TOTAL ASSETS
Total Short-Term Assets $280.6M $220.4M
Total Long-Term Assets $2.442B $2.347B
Total Assets $2.723B $2.567B
YoY Change 6.07% 466.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.0M $64.21M
YoY Change 63.46% 32524.09%
Accrued Expenses $53.36M $49.59M
YoY Change 7.61% 2873.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.41M $15.64M
YoY Change -27.03%
Total Short-Term Liabilities $182.8M $129.4M
YoY Change 41.22% 6149.36%
LONG-TERM LIABILITIES
Long-Term Debt $852.7M $743.9M
YoY Change 14.63%
Other Long-Term Liabilities $100.4M $141.9M
YoY Change -29.25% 815.37%
Total Long-Term Liabilities $1.113B $960.6M
YoY Change 15.87% 6097.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.8M $129.4M
Total Long-Term Liabilities $1.113B $960.6M
Total Liabilities $1.296B $1.090B
YoY Change 18.88% 6121.19%
SHAREHOLDERS EQUITY
Retained Earnings -$254.2M -$264.0M
YoY Change -3.73% -5381.86%
Common Stock $909.1M $941.0M
YoY Change -3.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $674.5M $678.7M
YoY Change
Total Liabilities & Shareholders Equity $2.723B $2.567B
YoY Change 6.07% 466.71%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income -$17.57M -$22.53M
YoY Change -22.01% -443.85%
Depreciation, Depletion And Amortization $22.12M $19.41M
YoY Change 13.98% 173.34%
Cash From Operating Activities -$36.00M -$13.18M
YoY Change 173.11% 4782.59%
INVESTING ACTIVITIES
Capital Expenditures $8.137M $2.134M
YoY Change 281.3%
Acquisitions $75.00K $25.19M
YoY Change -99.7%
Other Investing Activities $7.888M -$21.98M
YoY Change -135.89%
Cash From Investing Activities -$249.0K -$25.31M
YoY Change -99.02%
FINANCING ACTIVITIES
Cash Dividend Paid $4.189M $4.261M
YoY Change -1.69%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $9.254M -$4.317M
YoY Change -314.36%
NET CHANGE
Cash From Operating Activities -$36.00M -$13.18M
Cash From Investing Activities -$249.0K -$25.31M
Cash From Financing Activities $9.254M -$4.317M
Net Change In Cash -$27.00M -$42.81M
YoY Change -36.93% 15755.93%
FREE CASH FLOW
Cash From Operating Activities -$36.00M -$13.18M
Capital Expenditures $8.137M $2.134M
Free Cash Flow -$44.14M -$15.32M
YoY Change 188.18%

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464000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
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75000 USD
CY2021Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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25189000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
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8137000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2134000 USD
CY2021Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1200000 USD
CY2022Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1138000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
391000 USD
CY2022Q2 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
4604000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
1450000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
2295000 USD
CY2022Q2 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2000000 USD
CY2021Q2 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
CY2022Q2 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
221000 USD
CY2021Q2 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
924000 USD
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NetCashProvidedByUsedInInvestingActivities
-249000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25311000 USD
CY2022Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
20000000 USD
CY2021Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
8726000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
720000000 USD
CY2022Q2 us-gaap Repayments Of Debt
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9066000 USD
CY2021Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
783735000 USD
CY2021Q2 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8372000 USD
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6217000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2021Q2 us-gaap Proceeds From Warrant Exercises
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57232000 USD
CY2022Q2 us-gaap Payments Of Dividends
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4189000 USD
CY2021Q2 us-gaap Payments Of Dividends
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4261000 USD
CY2021Q2 us-gaap Payments To Minority Shareholders
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181000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
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9254000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
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-4317000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-26999000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-42811000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41898000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46831000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14899000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4020000 USD
CY2022Q2 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">– Certain prior year amounts have been reclassified for consistency with the current year presentation. In our Q1 Consolidated Statement of Profit and Loss and Consolidated Statement of Cash flows, we began combining gain on disposal of property, plant and equipment, net and gain on sale of routes, net, into one line item as gain on sale of assets to simplify our reporting presentation. The reclassification had no impact on total operating costs, earnings from operations, net earnings, earnings per share or total equity.</span>
CY2022Q2 utz Promotional Program Reserve
PromotionalProgramReserve
26300000 USD
CY2022Q1 utz Promotional Program Reserve
PromotionalProgramReserve
26500000 USD
CY2022Q2 us-gaap Loss On Contract Termination
LossOnContractTermination
23000000 USD
CY2022Q2 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 U.S. 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, and tax receivable agreements. Actual results could vary materially from the estimates that were used.</span>
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
53166000 USD
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
43533000 USD
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
33599000 USD
CY2022Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
29428000 USD
CY2022Q2 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
7013000 USD
CY2022Q1 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
6556000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
93778000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
79517000 USD
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
365232000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
359055000 USD
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
66576000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
55248000 USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
298656000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
303807000 USD
CY2022Q2 us-gaap Depreciation
Depreciation
12400000 USD
CY2021Q2 us-gaap Depreciation
Depreciation
9900000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
915438000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
915490000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
741780000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
744044000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54401000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
45224000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
687379000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
698820000 USD
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1130208000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1142509000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9400000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9500000 USD
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15183000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20081000 USD
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10742000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9152000 USD
CY2022Q2 utz Accrued Freight And Manufacturing Current
AccruedFreightAndManufacturingCurrent
8817000 USD
CY2022Q1 utz Accrued Freight And Manufacturing Current
AccruedFreightAndManufacturingCurrent
8928000 USD
CY2021Q2 utz Purchase Commitment Losses
PurchaseCommitmentLosses
0 USD
CY2022Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
7779000 USD
CY2022Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
8620000 USD
CY2022Q2 utz Accrued Business Combination Transaction Fees Current
AccruedBusinessCombinationTransactionFeesCurrent
1594000 USD
CY2022Q1 utz Accrued Business Combination Transaction Fees Current
AccruedBusinessCombinationTransactionFeesCurrent
5660000 USD
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
494000 USD
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
371000 USD
CY2022Q2 utz Short Term Interest Rate Hedge Liability Accrued
ShortTermInterestRateHedgeLiabilityAccrued
150000 USD
CY2022Q1 utz Short Term Interest Rate Hedge Liability Accrued
ShortTermInterestRateHedgeLiabilityAccrued
4548000 USD
CY2022Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
0 USD
CY2022Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
4189000 USD
CY2022Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
0 USD
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1300000 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8597000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
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8431000 USD
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
53356000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
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71280000 USD
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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24445000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23226000 USD
CY2022Q2 utz Tax Receivable Agreement Noncurrent
TaxReceivableAgreementNoncurrent
24336000 USD
CY2022Q1 utz Tax Receivable Agreement Noncurrent
TaxReceivableAgreementNoncurrent
24443000 USD
CY2022Q2 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Retirement And Salary Continuation Plans
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRetirementAndSalaryContinuationPlans
7245000 USD
CY2022Q1 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Retirement And Salary Continuation Plans
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRetirementAndSalaryContinuationPlans
8117000 USD
CY2022Q2 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Accrued
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAccrued
83000 USD
CY2022Q1 utz Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Accrued
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAccrued
52000 USD
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
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56109000 USD
CY2022Q1 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
55838000 USD
CY2022Q2 us-gaap Deferred Finance Costs Net
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7588000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7929000 USD
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
864136000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
841962000 USD
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
11414000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
11414000 USD
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
852722000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
830548000 USD
CY2022Q2 us-gaap Loss On Contract Termination
LossOnContractTermination
23000000 USD
CY2022Q1 utz Distribution Rights Reclamation Liability Outstanding
DistributionRightsReclamationLiabilityOutstanding
1300000 USD
CY2022Q2 utz Distribution Rights Reclamation Liability Outstanding
DistributionRightsReclamationLiabilityOutstanding
1300000 USD
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
8229000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
8166000 USD
CY2022Q2 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
8331000 USD
CY2021Q2 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
7574000 USD
CY2022Q2 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
341000 USD
CY2021Q2 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
2870000 USD
CY2022Q2 utz Interest Only Loans
InterestOnlyLoans
431000 USD
CY2021Q2 utz Interest Only Loans
InterestOnlyLoans
417000 USD
CY2022Q2 us-gaap Interest Expense
InterestExpense
9103000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
10861000 USD
CY2022Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
46224000 USD
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1944000 USD
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
44280000 USD
CY2022Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
46300000 USD
CY2022Q2 utz Purchase Commitment Losses
PurchaseCommitmentLosses
0 USD
CY2022Q1 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
900000 USD
CY2022Q2 utz Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
31500000 USD
CY2022Q1 utz Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3700000 USD
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
9627000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
9787000 USD
CY2022Q2 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
4075000 USD
CY2021Q2 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
182000 USD
CY2022Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
107000 USD
CY2021Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2022Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
4189000 USD
CY2021Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
4261000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2800000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.095
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.045
CY2022Q2 utz Effective Income Tax Rate Reconciliation Before Discrete Items Percent
EffectiveIncomeTaxRateReconciliationBeforeDiscreteItemsPercent
-0.072
CY2022Q2 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
500000 USD
CY2022Q2 utz Business Combination Consideration Transferred Tax Receivable Agreement
BusinessCombinationConsiderationTransferredTaxReceivableAgreement
24500000 USD
CY2022 utz Business Combination Consideration Transferred Tax Receivable Agreement
BusinessCombinationConsiderationTransferredTaxReceivableAgreement
24600000 USD
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1900000 USD
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
21500000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17570000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22529000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78572404 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75927005 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1999835 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5693633 shares
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14328000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-820000 USD
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14300000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-800000 USD

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