$VRRM
VERRA MOBILITY Corp

2019 Q4 Form 10-Q Financial Statement

#000156459019040032 Filed on November 05, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $112.5M $128.2M $107.6M
YoY Change 18.25% 19.18% 91.84%
Cost Of Revenue $4.700M $8.600M $3.100M
YoY Change 80.77% 177.42%
Gross Profit $107.8M $119.6M $104.5M
YoY Change 16.54% 14.45%
Gross Profit Margin 95.86% 93.26% 97.12%
Selling, General & Admin $22.80M $21.29M $21.69M
YoY Change -54.67% -1.82% 10743.5%
% of Gross Profit 21.15% 17.8% 20.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.10M $28.70M $28.79M
YoY Change 2.11% -0.33%
% of Gross Profit 26.99% 23.99% 27.55%
Operating Expenses $83.60M $21.29M $21.69M
YoY Change -22.16% -1.82% 10743.5%
Operating Profit $24.19M $36.66M $26.20M
YoY Change -233.59% 39.95% 715.66%
Interest Expense -$14.10M $14.93M $20.31M
YoY Change -17.06% -26.49%
% of Operating Profit -58.28% 40.73% 77.54%
Other Income/Expense, Net -$13.30M -$12.21M -$17.37M
YoY Change -341.82% -29.74% -1837.0%
Pretax Income -$3.300M $24.45M $8.825M
YoY Change -92.29% 177.1% 1000.01%
Income Tax $3.800M $6.702M $2.312M
% Of Pretax Income 27.41% 26.2%
Net Earnings $9.180M $17.75M $6.513M
YoY Change -124.19% 172.56% -294.58%
Net Earnings / Revenue 8.16% 13.84% 6.05%
Basic Earnings Per Share $0.11 $0.09
Diluted Earnings Per Share -$44.65K $0.11 $0.09
COMMON SHARES
Basic Shares Outstanding 159.2M 158.6M 72.90M
Diluted Shares Outstanding 163.7M 72.90M

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.5M $135.6M $0.00
YoY Change 102.31% -100.0%
Cash & Equivalents $131.5M $135.6M $51.95M
Short-Term Investments
Other Short-Term Assets $2.099M $200.0K $200.0K
YoY Change 159.46% 0.0% 0.0%
Inventory
Prepaid Expenses $196.2K
Receivables $93.51M $108.7M
Other Receivables $21.00M $20.70M
Total Short-Term Assets $272.4M $288.1M $203.7K
YoY Change 47.15% 141298.49% -74.53%
LONG-TERM ASSETS
Property, Plant & Equipment $72.27M $69.48M
YoY Change 4.37%
Goodwill $584.2M $563.5M
YoY Change 3.44%
Intangibles $434.4M $444.5M
YoY Change -15.57%
Long-Term Investments $406.0M
YoY Change 1.0%
Other Assets $3.111M $2.386M
YoY Change 68.62%
Total Long-Term Assets $1.135B $1.088B $406.0M
YoY Change -2.13% 167.93% 0.97%
TOTAL ASSETS
Total Short-Term Assets $272.4M $288.1M $203.7K
Total Long-Term Assets $1.135B $1.088B $406.0M
Total Assets $1.407B $1.376B $406.2M
YoY Change 4.66% 238.72% 0.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.83M $57.19M
YoY Change 12.47%
Accrued Expenses $19.55M $24.02M $4.913M
YoY Change 35.33% 388.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $28.78M $9.104M
YoY Change 216.11%
Total Short-Term Liabilities $104.9M $90.32M $4.943M
YoY Change 52.59% 1727.21% 4842.96%
LONG-TERM LIABILITIES
Long-Term Debt $837.7M $858.2M $0.00
YoY Change -2.62%
Other Long-Term Liabilities $2.183M $2.872M $14.00M
YoY Change -35.2% -79.49% -1.41%
Total Long-Term Liabilities $839.9M $861.1M $14.00M
YoY Change -2.75% 6050.44% -1.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.9M $90.32M $4.943M
Total Long-Term Liabilities $839.9M $861.1M $14.00M
Total Liabilities $1.068B $1.048B $18.95M
YoY Change 2.43% 5432.51% 28.89%
SHAREHOLDERS EQUITY
Retained Earnings -$80.22M -$89.40M -$55.33K
YoY Change -29.2% 161484.76%
Common Stock $16.00K $16.00K $5.054M
YoY Change 0.0% -99.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $309.6M $327.6M $239.9M
YoY Change
Total Liabilities & Shareholders Equity $1.407B $1.376B $406.2M
YoY Change 4.66% 238.72% 0.82%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $9.180M $17.75M $6.513M
YoY Change -124.19% 172.56% -294.58%
Depreciation, Depletion And Amortization $29.10M $28.70M $28.79M
YoY Change 2.11% -0.33%
Cash From Operating Activities $38.20M $49.80M $33.60M
YoY Change 1093.75% 48.21% 6620.0%
INVESTING ACTIVITIES
Capital Expenditures -$12.20M -$3.300M -$8.500M
YoY Change 74.29% -61.18%
Acquisitions
YoY Change
Other Investing Activities -$25.30M $0.00 $0.00
YoY Change 132.11% -100.0%
Cash From Investing Activities -$37.50M -$3.300M -$8.500M
YoY Change 109.5% -61.18% 844.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.400M -2.400M -2.900M
YoY Change -126.15% -17.24%
NET CHANGE
Cash From Operating Activities 38.20M 49.80M 33.60M
Cash From Investing Activities -37.50M -3.300M -8.500M
Cash From Financing Activities -7.400M -2.400M -2.900M
Net Change In Cash -6.700M 44.10M 22.20M
YoY Change -149.26% 98.65% -5650.0%
FREE CASH FLOW
Cash From Operating Activities $38.20M $49.80M $33.60M
Capital Expenditures -$12.20M -$3.300M -$8.500M
Free Cash Flow $50.40M $53.10M $42.10M
YoY Change 394.12% 26.13%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
6750000
CY2018Q4 us-gaap Goodwill
Goodwill
564723000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
9104000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
860249000
CY2018Q4 us-gaap Contractual Obligation
ContractualObligation
69996000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
68736000
CY2019Q3 vrrm Installation And Service Parts Net
InstallationAndServicePartsNet
7936000
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
33627000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128240000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
107602000
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Shell Company
EntityShellCompany
false
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
108682000
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
45188000
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
26623000
CY2019Q3 us-gaap Assets Current
AssetsCurrent
288098000
CY2019Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
15073000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
514542000
CY2019Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
2156000
CY2018Q4 us-gaap Assets
Assets
1344783000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14444000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1845000
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
135564000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69481000
CY2019Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
32965000
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Security12b Title
Security12bTitle
Class A common stock, par value $0.0001 per share
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65048000
CY2018Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2033000
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
87511000
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
12956000
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17600000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
185148000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6933000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
2820000
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5066000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86501000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
239940000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Profit Loss
ProfitLoss
24163000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16514000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12258000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1651000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4976000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
365000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46054000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
14000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Trading Symbol
TradingSymbol
VRRM
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
159150055
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69243000
CY2018Q4 vrrm Installation And Service Parts Net
InstallationAndServicePartsNet
9282000
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
444506000
CY2019Q3 us-gaap Goodwill
Goodwill
563452000
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2386000
CY2019Q3 us-gaap Assets
Assets
1375859000
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
57194000
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
24020000
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
9104000
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
90318000
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
858189000
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2872000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3369000
CY2019Q3 us-gaap Contractual Obligation
ContractualObligation
66097000
CY2019Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
6740000
CY2019Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
24052000
CY2019Q3 us-gaap Liabilities
Liabilities
1048268000
CY2018Q4 us-gaap Liabilities
Liabilities
1042727000
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
16000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
16000
CY2019Q3 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
54862000
CY2018Q4 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
73150000
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
369670000
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
348017000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-89400000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-113306000
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7557000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5821000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
327591000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
302056000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1375859000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1344783000
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
336276000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275040000
CY2018Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
27820000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
94098000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
80301000
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21293000
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21687000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
62709000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
82551000
CY2019Q3 vrrm Depreciation Amortization And Gain Loss On Disposal Of Assets Net
DepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
28697000
CY2018Q3 vrrm Depreciation Amortization And Gain Loss On Disposal Of Assets Net
DepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
28790000
vrrm Depreciation Amortization And Gain Loss On Disposal Of Assets Net
DepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
86488000
vrrm Depreciation Amortization And Gain Loss On Disposal Of Assets Net
DepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
74830000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
5898000
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
91581000
CY2018Q3 us-gaap Costs And Expenses
CostsAndExpenses
81407000
us-gaap Costs And Expenses
CostsAndExpenses
264015000
us-gaap Costs And Expenses
CostsAndExpenses
244324000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
36659000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26353000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10703000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
26195000
us-gaap Operating Income Loss
OperatingIncomeLoss
72261000
us-gaap Operating Income Loss
OperatingIncomeLoss
30716000
CY2019Q3 us-gaap Interest Expense
InterestExpense
14932000
CY2018Q3 us-gaap Interest Expense
InterestExpense
20312000
us-gaap Interest Expense
InterestExpense
46621000
us-gaap Interest Expense
InterestExpense
52538000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10151000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2727000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2942000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8279000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7001000
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12205000
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-17370000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-38342000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-55688000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24454000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8825000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
33919000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24972000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6702000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2312000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9756000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4532000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
17752000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
6513000
us-gaap Net Income Loss
NetIncomeLoss
24163000
us-gaap Net Income Loss
NetIncomeLoss
-20440000
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1664000
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-728000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1736000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-4440000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16088000
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5785000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22427000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-24880000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158610000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72904000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
157514000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69334000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163705000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72904000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160723000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69334000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2019Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
-257000
CY2019Q1 vrrm Adjustments To Additional Paid In Capital Adjustment To Contributions From Parent
AdjustmentsToAdditionalPaidInCapitalAdjustmentToContributionsFromParent
-6205000
CY2019Q1 vrrm Adjustments To Additional Paid In Capital Adjustment To Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalAdjustmentToTaxReceivableAgreementLiability
2940000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2143000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1324000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
304821000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
3591000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
468000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1033800000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2812000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1396000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
309828000
CY2019Q3 vrrm Adjustments To Additional Paid In Capital Adjustment To Contributions From Parent
AdjustmentsToAdditionalPaidInCapitalAdjustmentToContributionsFromParent
-796000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2471000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1664000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
147264000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-22158000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
182377000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-4795000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3712000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
234155000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-728000
us-gaap Profit Loss
ProfitLoss
-20440000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
74839000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5347000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4355000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9426000
us-gaap Share Based Compensation
ShareBasedCompensation
7426000
vrrm Installation And Service Parts Expense
InstallationAndServicePartsExpense
1055000
vrrm Installation And Service Parts Expense
InstallationAndServicePartsExpense
432000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
269000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
292000
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
-13000
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
-9000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2117000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
7744000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8971000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3751000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
541000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1305000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
95586000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
525362000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17492000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19622000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17478000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-544979000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
468000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6827000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
452575000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
299000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
30352000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
8187000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7126000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
542686000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-343000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-594000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
70639000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43167000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
67081000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10509000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137720000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53676000
us-gaap Interest Paid Net
InterestPaidNet
42308000
us-gaap Interest Paid Net
InterestPaidNet
45238000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23870000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
857000
vrrm Reduction To Tax Receivable Agreement Liability
ReductionToTaxReceivableAgreementLiability
2940000
CY2019Q3 vrrm Equity Infusion Working Capital Adjustment For Deal Consideration
EquityInfusionWorkingCapitalAdjustmentForDealConsideration
7001000
vrrm Noncash Or Part Noncash Earn Out Shares Issued To Platinum Stockholder
NoncashOrPartNoncashEarnOutSharesIssuedToPlatinumStockholder
18288000
vrrm Non Cash Asset Additions To Property And Equipment And Other
NonCashAssetAdditionsToPropertyAndEquipmentAndOther
175000
vrrm Non Cash Asset Additions To Property And Equipment And Other
NonCashAssetAdditionsToPropertyAndEquipmentAndOther
188000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8399000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3518000
vrrm Capital Contribution Received In Parent Common Stock
CapitalContributionReceivedInParentCommonStock
117556000
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
11337000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited interim condensed consolidated financial statements and accompanying notes. Significant items subject to such estimates and assumptions include the fair values assigned to net assets acquired (including identifiable intangibles) in business combinations, the carrying amounts of long-lived assets and goodwill, the carrying amount of installation and service parts, the allowance for doubtful accounts, valuation allowances on deferred tax assets, asset retirement obligations, contingent consideration and the recognition and measurement of loss contingencies.</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Management believes that its estimates and assumptions are reasonable in the circumstances; however, actual results could differ materially from those estimates.</p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51948000
CY2018Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1728000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
137720000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
53676000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
294262000
us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
50922000
vrrm Business Acquisition Pro Forma Net Income Loss Before Income Tax Benefit
BusinessAcquisitionProFormaNetIncomeLossBeforeIncomeTaxBenefit
14357000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
8715000
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.13
CY2019Q3 vrrm Prepaid Tolls
PrepaidTolls
10609000
CY2018Q4 vrrm Prepaid Tolls
PrepaidTolls
8434000
CY2019Q3 vrrm Prepaid Services
PrepaidServices
4710000
CY2018Q4 vrrm Prepaid Services
PrepaidServices
3017000
CY2019Q3 us-gaap Prepaid Taxes
PrepaidTaxes
5608000
CY2018Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1562000
CY2019Q3 vrrm Prepaid Computer Maintenance
PrepaidComputerMaintenance
2679000
CY2018Q4 vrrm Prepaid Computer Maintenance
PrepaidComputerMaintenance
1709000
CY2019Q3 us-gaap Deposit Assets
DepositAssets
1699000
CY2018Q4 us-gaap Deposit Assets
DepositAssets
839000
CY2019Q3 us-gaap Prepaid Insurance
PrepaidInsurance
583000
CY2018Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1230000
CY2019Q3 us-gaap Prepaid Rent
PrepaidRent
535000
CY2018Q4 us-gaap Prepaid Rent
PrepaidRent
406000
CY2019Q3 us-gaap Other Assets Current
OtherAssetsCurrent
200000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
403000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1271000
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
613221000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
614022000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
168715000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
99480000
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23100000
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
69400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
57700000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
23022000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
92088000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
83797000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
79090000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
50691000
CY2019Q3 vrrm Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
40203000
CY2019Q3 vrrm Finite Lived Intangible Assets Amortization Expense After Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearSix
75615000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
444506000
CY2019Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
9749000
CY2018Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
8340000
CY2019Q3 vrrm Restricted Cash Due To Customers Current
RestrictedCashDueToCustomersCurrent
2156000
CY2018Q4 vrrm Restricted Cash Due To Customers Current
RestrictedCashDueToCustomersCurrent
2033000
CY2019Q3 vrrm Tax Receivable Agreement Current Portion Of Related Party
TaxReceivableAgreementCurrentPortionOfRelatedParty
914000
CY2019Q3 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
798000
CY2018Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
423000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-343000
CY2019Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
599000
CY2018Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
463000
CY2019Q3 vrrm Advanced Deposits Payable Current
AdvancedDepositsPayableCurrent
375000
CY2018Q4 vrrm Advanced Deposits Payable Current
AdvancedDepositsPayableCurrent
805000
CY2019Q3 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
371000
CY2018Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
523000
CY2019Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
359000
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
862000
CY2019Q3 us-gaap Interest Payable Current
InterestPayableCurrent
216000
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
232000
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1482000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
763000
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
896697000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
903524000
CY2019Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
5026000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
5819000
CY2019Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
24378000
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28352000
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
867293000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
869353000
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.00375
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
100000
us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.0138
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2000000
vrrm Third Party Costs Associated With Issuance
ThirdPartyCostsAssociatedWithIssuance
4400000
CY2019Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0579
CY2019Q3 vrrm Incremental Common Shares Attributable To Conversion Of Common Stock Equivalents
IncrementalCommonSharesAttributableToConversionOfCommonStockEquivalents
5095000
vrrm Incremental Common Shares Attributable To Conversion Of Common Stock Equivalents
IncrementalCommonSharesAttributableToConversionOfCommonStockEquivalents
3209000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7500
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15267
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.274
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.262
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.288
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.181
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2000000
CY2019Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1800000
CY2019Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
700000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2471000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7426000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2019Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
100000
CY2019Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
16500000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2019Q3 vrrm Operating Costs And Expenses Net Of Non Operating Performance Measures
OperatingCostsAndExpensesNetOfNonOperatingPerformanceMeasures
32827000
CY2019Q3 vrrm Selling General And Administrative Expense Net Of Non Operating Performance Measures
SellingGeneralAndAdministrativeExpenseNetOfNonOperatingPerformanceMeasures
18960000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28697000
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2471000
CY2018Q3 vrrm Operating Costs And Expenses Net Of Non Operating Performance Measures
OperatingCostsAndExpensesNetOfNonOperatingPerformanceMeasures
27820000
CY2018Q3 vrrm Selling General And Administrative Expense Net Of Non Operating Performance Measures
SellingGeneralAndAdministrativeExpenseNetOfNonOperatingPerformanceMeasures
21687000
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28792000
CY2018Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2000
vrrm Operating Costs And Expenses Net Of Non Operating Performance Measures
OperatingCostsAndExpensesNetOfNonOperatingPerformanceMeasures
93484000
vrrm Selling General And Administrative Expense Net Of Non Operating Performance Measures
SellingGeneralAndAdministrativeExpenseNetOfNonOperatingPerformanceMeasures
55897000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
13000
vrrm Operating Costs And Expenses Net Of Non Operating Performance Measures
OperatingCostsAndExpensesNetOfNonOperatingPerformanceMeasures
80301000
vrrm Selling General And Administrative Expense Net Of Non Operating Performance Measures
SellingGeneralAndAdministrativeExpenseNetOfNonOperatingPerformanceMeasures
82551000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
9000
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-10151000
CY2019Q3 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2872000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5066000
vrrm Proceeds From Sale Of Fixed Assets
ProceedsFromSaleOfFixedAssets
14000

Files In Submission

Name View Source Status
0001564590-19-040032-index-headers.html Edgar Link pending
0001564590-19-040032-index.html Edgar Link pending
0001564590-19-040032.txt Edgar Link pending
0001564590-19-040032-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vrrm-10q_20190930.htm Edgar Link pending
vrrm-20190930.xml Edgar Link completed
vrrm-20190930.xsd Edgar Link pending
vrrm-20190930_cal.xml Edgar Link unprocessable
vrrm-20190930_def.xml Edgar Link unprocessable
vrrm-20190930_lab.xml Edgar Link unprocessable
vrrm-20190930_pre.xml Edgar Link unprocessable
vrrm-ex311_6.htm Edgar Link pending
vrrm-ex312_7.htm Edgar Link pending
vrrm-ex321_10.htm Edgar Link pending
vrrm-ex322_9.htm Edgar Link pending