10-Q Filing

CONSTRUCTION PARTNERS, INC. CIK: 1718227 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-248680`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	road-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 64 Cash Flow Statement 77 Stockholders Equity 12

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`Cash`	$27.55M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$75.18M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Contracts receivable including retainage, net	`ReceivablesLongTermContractsOrPrograms`	$120.98M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Contracts receivable including retainage, net	`ReceivablesLongTermContractsOrPrograms`	$115.68M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$12.75M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$4.59M	USD	Point-in-time
Inventories	`InventoryNet`	$25.14M	USD	Point-in-time
Inventories	`InventoryNet`	$17.49M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.42M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$175.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$243.17M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$115.91M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$177.22M	USD	Point-in-time
Goodwill	`Goodwill`	$34.40M	USD	Point-in-time
Goodwill	`Goodwill`	$30.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.33M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.55M	USD	Point-in-time
Investment in joint venture	`EquityMethodInvestments`	$1.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.56M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.48M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$1.88M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$1.62M	USD	Point-in-time
Total assets	`Assets`	$474.36M	USD	Point-in-time
Total assets	`Assets`	$328.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$52.40M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$32.11M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$39.52M	USD	Point-in-time
Current maturities of debt	`LongTermDebtCurrent`	$14.79M	USD	Point-in-time
Current maturities of debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$20.04M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$23.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$114.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$125.47M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$47.14M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$51.79M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$9.67M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$7.98M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.02M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.80M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$64.57M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$61.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$190.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$176.37M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001; 1,000,000 shares authorized and no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001; 1,000,000 shares authorized and no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$142.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$242.49M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.60M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$11.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$57.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$284.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$152.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$328.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$474.36M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$380.58M	USD	3 Qtrs
Revenues	`Revenues`	$464.39M	USD	3 Qtrs
Revenues	`Revenues`	$148.10M	USD	1 Quarter
Revenues	`Revenues`	$195.07M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$124.12M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$323.51M	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$398.38M	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$165.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$29.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$66.02M	USD	3 Qtrs
Gross profit	`GrossProfit`	$57.07M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$12.48M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$34.01M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$14.79M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$40.57M	USD	3 Qtrs
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$238.00K	USD	1 Quarter
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$86.00K	USD	1 Quarter
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$2.67M	USD	3 Qtrs
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$1.12M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$41.36M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$14.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.74M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$11.74M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.80M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-406.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-659.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-956.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.64M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.64M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-45.00K	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-134.00K	USD	3 Qtrs
Income before provision for income taxes and earnings from investment in joint venture	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.17M	USD	3 Qtrs
Income before provision for income taxes and earnings from investment in joint venture	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.38M	USD	1 Quarter
Income before provision for income taxes and earnings from investment in joint venture	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.36M	USD	3 Qtrs
Income before provision for income taxes and earnings from investment in joint venture	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.38M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.39M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.03M	USD	1 Quarter
Earnings from investment in joint venture	`IncomeLossFromEquityMethodInvestments`	$436.00K	USD	1 Quarter
Earnings from investment in joint venture	`IncomeLossFromEquityMethodInvestments`	$666.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.40M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.33	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.82	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.33	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.81	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.65M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.56M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.51M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.93M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.54M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.57M	shares	1 Quarter

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$13.77M	USD	3 Qtrs
Net income	`ProfitLoss`	$35.65M	USD	3 Qtrs
Depreciation, depletion and amortization of long-lived assets	`DepreciationDepletionAndAmortization`	$17.93M	USD	3 Qtrs
Depreciation, depletion and amortization of long-lived assets	`DepreciationDepletionAndAmortization`	$15.71M	USD	3 Qtrs
Amortization of deferred debt issuance costs	`AmortizationOfFinancingCosts`	$632.00K	USD	3 Qtrs
Amortization of deferred debt issuance costs	`AmortizationOfFinancingCosts`	$60.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.64M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.64M	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$435.00K	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$435.00K	USD	3 Qtrs
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$238.00K	USD	1 Quarter
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$86.00K	USD	1 Quarter
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$2.67M	USD	3 Qtrs
Gain on sale of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$1.12M	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$513.00K	USD	3 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$975.00K	USD	3 Qtrs
Earnings from investment in joint venture	`IncomeLossFromEquityMethodInvestments`	$436.00K	USD	1 Quarter
Earnings from investment in joint venture	`IncomeLossFromEquityMethodInvestments`	$666.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-52.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.43M	USD	3 Qtrs
Contracts receivable including retainage, net	`IncreaseDecreaseInContractReceivablesNet`	$-12.90M	USD	3 Qtrs
Contracts receivable including retainage, net	`IncreaseDecreaseInContractReceivablesNet`	$-14.05M	USD	3 Qtrs
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$6.13M	USD	3 Qtrs
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$2.20M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.33M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.06M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$9.16M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.48M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$12.08M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.03M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.94M	USD	3 Qtrs
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$2.82M	USD	3 Qtrs
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$562.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.05M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.45M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-352.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.84M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.28M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.66M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.46M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.79M	USD	3 Qtrs
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.89M	USD	3 Qtrs
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.74M	USD	3 Qtrs
Business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$51.32M	USD	3 Qtrs
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$400.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.04M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-82.29M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$5.00M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$5.41M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$312.00K	USD	3 Qtrs
Proceeds from issuance of long-term debt, net of deferred issuance costs	`ProceedsFromIssuanceOfLongTermDebt`	$54.62M	USD	3 Qtrs
Proceeds from issuance of long-term debt, net of deferred issuance costs	`ProceedsFromIssuanceOfLongTermDebt`	$21.92M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$8.66M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$58.14M	USD	3 Qtrs
Proceeds from initial public offering of Class A common stock, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$98.01M	USD	3 Qtrs
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$497.00K	USD	3 Qtrs
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$5.00K	USD	3 Qtrs
Common stock dividend paid	`PaymentsOfDividendsCommonStock`	$31.29M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.42M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$106.27M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-33.18M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$47.64M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.55M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.91M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.18M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.09M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.55M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.91M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.18M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.09M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.58M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.69M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$12.56M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$9.32M	USD	3 Qtrs
Property, plant and equipment financed with accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$152.00K	USD	3 Qtrs
Property, plant and equipment financed with accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$142.00K	USD	3 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$284.32M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$152.18M	USD	Point-in-time
Initial public offering of Class A common stock, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$98.01M	USD	3 Qtrs
Equity-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$975.00K	USD	3 Qtrs
Sale of treasury stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$5.00K	USD	3 Qtrs
Cashless option exercise	`CashlessExerciseOfOptions`	$-2.49M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.40M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$284.32M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$152.18M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.