10-Q Filing

SHIFT4 PAYMENTS, INC. CIK: 1794669 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-039460`
Period End Date	20200630
Filing Date	20200812
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	four-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 74 Cash Flow Statement 86 Stockholders Equity 36

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.30M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.50M	USD	Point-in-time
Contract assets allowance for doubtful accounts current	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent`	$2.90M	USD	Point-in-time
Cash	`Cash`	$244.00M	USD	Point-in-time
Contract assets allowance for doubtful accounts noncurrent	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent`	$1.70M	USD	Point-in-time
Cash	`Cash`	$3.70M	USD	Point-in-time
Redeemable preferred units, par value per share	`TemporaryEquityParOrStatedValuePerShare`	$100.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5.3 in 2020 (2019 - $2.5)	`AccountsReceivableNetCurrent`	$68.60M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5.3 in 2020 (2019 - $2.5)	`AccountsReceivableNetCurrent`	$78.60M	USD	Point-in-time
Contract assets, net of allowance for doubtful accounts of $- in 2020 (2019 - $2.9) (Note 3)	`ContractWithCustomerAssetNetCurrent`	$6.80M	USD	Point-in-time
Redeemable preferred units, shares authorized	`TemporaryEquitySharesAuthorized`	430.00	shares	Point-in-time
Redeemable preferred units, shares issued	`TemporaryEquitySharesIssued`	430.00	shares	Point-in-time
Inventory (Note 5)	`InventoryNet`	$8.40M	USD	Point-in-time
Inventory (Note 5)	`InventoryNet`	$8.50M	USD	Point-in-time
Prepaid expenses and other current assets (Note 11)	`PrepaidExpenseAndOtherAssetsCurrent`	$11.00M	USD	Point-in-time
Redeemable preferred units, shares outstanding	`TemporaryEquitySharesOutstanding`	430.00	shares	Point-in-time
Prepaid expenses and other current assets (Note 11)	`PrepaidExpenseAndOtherAssetsCurrent`	$8.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$332.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.40M	USD	Point-in-time
Goodwill (Note 6)	`Goodwill`	$422.00M	USD	Point-in-time
Goodwill (Note 6)	`Goodwill`	$421.30M	USD	Point-in-time
Other intangible assets, net (Note 7)	`FiniteLivedIntangibleAssetsNet`	$213.20M	USD	Point-in-time
Other intangible assets, net (Note 7)	`FiniteLivedIntangibleAssetsNet`	$192.20M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Capitalized acquisition costs, net (Note 8)	`CapitalizedContractCostNetNoncurrent`	$26.40M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Capitalized acquisition costs, net (Note 8)	`CapitalizedContractCostNetNoncurrent`	$29.30M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Equipment under lease (Note 3)	`OperatingLeaseRightOfUseAsset`	$23.30M	USD	Point-in-time
Property, plant and equipment, net (Note 9)	`PropertyPlantAndEquipmentNet`	$15.40M	USD	Point-in-time
Property, plant and equipment, net (Note 9)	`PropertyPlantAndEquipmentNet`	$14.20M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Contract assets, net of allowance for doubtful accounts of $- in 2020 (2019 - $1.7) (Note 3)	`ContractWithCustomerAssetNetNoncurrent`	$3.90M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.40M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$1.30M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$682.30M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$681.60M	USD	Point-in-time
Total assets	`Assets`	$788.00M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Current portion of debt (Note 10)	`LongTermDebtCurrent`	$2.60M	USD	Point-in-time
Current portion of debt (Note 10)	`LongTermDebtCurrent`	$5.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.80M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 11)	`AccruedExpensesAndOtherCurrentLiabilities`	$60.90M	USD	Point-in-time
Accrued expenses and other current liabilities (Note 11)	`AccruedExpensesAndOtherCurrentLiabilities`	$24.40M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$5.60M	USD	Point-in-time
Deferred revenue (Note 3)	`ContractWithCustomerLiabilityCurrent`	$8.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.90M	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtNoncurrent`	$635.10M	USD	Point-in-time
Long-term debt (Note 10)	`LongTermDebtNoncurrent`	$437.40M	USD	Point-in-time
Deferred tax liability (Note 13)	`DeferredIncomeTaxLiabilitiesNet`	$3.70M	USD	Point-in-time
Deferred tax liability (Note 13)	`DeferredIncomeTaxLiabilitiesNet`	$4.10M	USD	Point-in-time
Other noncurrent liabilities (Note 4)	`OtherLiabilitiesNoncurrent`	$2.60M	USD	Point-in-time
Other noncurrent liabilities (Note 4)	`OtherLiabilitiesNoncurrent`	$4.80M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$644.00M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$443.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$543.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$773.90M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable preferred units, $100,000 par value; 430 shares authorized, issued and outstanding at December 31, 2019 (Note 17)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$43.00M	USD	Point-in-time
Members' equity	`MembersCapital`	$149.20M	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at June 30, 2020, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at June 30, 2020, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$517.70M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-257.60M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-178.40M	USD	Point-in-time
Total members' deficit/stockholders' equity attributable to Shift4 Payments, Inc.	`StockholdersEquity`	$-28.90M	USD	Point-in-time
Total members' deficit/stockholders' equity attributable to Shift4 Payments, Inc.	`StockholdersEquity`	$260.10M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$210.50M	USD	Point-in-time
Total members deficit/stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Total members deficit/stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.70M	USD	Point-in-time
Total members deficit/stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.40M	USD	Point-in-time
Total members deficit/stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.40M	USD	Point-in-time
Total members deficit/stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.10M	USD	Point-in-time
Total members deficit/stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-28.90M	USD	Point-in-time
Total liabilities and members' deficit/stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time
Total liabilities and members' deficit/stockholders' equity	`LiabilitiesAndStockholdersEquity`	$788.00M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$341.20M	USD	2 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$335.50M	USD	2 Qtrs
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$180.50M	USD	1 Quarter
Gross revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$141.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$136.90M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$253.30M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$109.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$264.40M	USD	2 Qtrs
Gross profit	`GrossProfit`	$43.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$32.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$82.20M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$89.20M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$52.60M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$26.10M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$111.50M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$9.80M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$10.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$20.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$19.60M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.20M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.00M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.90M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$3.80M	USD	2 Qtrs
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$2.10M	USD	2 Qtrs
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$1.40M	USD	1 Quarter
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$2.80M	USD	2 Qtrs
Advertising and marketing expenses	`MarketingAndAdvertisingExpense`	$800.00K	USD	1 Quarter
Restructuring expenses (Note 4)	`RestructuringCharges`	$300.00K	USD	2 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$300.00K	USD	2 Qtrs
Restructuring expenses (Note 4)	`RestructuringCharges`	$100.00K	USD	1 Quarter
Restructuring expenses (Note 4)	`RestructuringCharges`	$100.00K	USD	1 Quarter
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$12.40M	USD	2 Qtrs
Other operating (income) expense, net (Note 3)	`OtherOperatingIncomeExpenseNet`	$12.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$89.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$39.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$125.30M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$79.10M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-48.50M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$3.10M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-57.00M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$4.20M	USD	1 Quarter
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	Point-in-time
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Loss on extinguishment of debt (Note 10)	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$700.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$900.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.20M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.00M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.20M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-80.50M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-75.60M	USD	1 Quarter
Income tax benefit (provision) (Note 13)	`IncomeTaxExpenseBenefit`	$-300.00K	USD	2 Qtrs
Income tax benefit (provision) (Note 13)	`IncomeTaxExpenseBenefit`	$-600.00K	USD	1 Quarter
Income tax benefit (provision) (Note 13)	`IncomeTaxExpenseBenefit`	$400.00K	USD	1 Quarter
Income tax benefit (provision) (Note 13)	`IncomeTaxExpenseBenefit`	$500.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-80.20M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-21.70M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-75.00M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.00M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.00M	USD	2 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.00M	USD	Point-in-time
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-79.20M	USD	2 Qtrs
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-74.00M	USD	1 Quarter
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-2.10M	USD	Point-in-time
Net loss attributable to Shift4 Payments, Inc.	`NetIncomeLoss`	$-13.50M	USD	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-80.20M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-21.70M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-75.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.80M	USD	2 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$1.00M	USD	1 Quarter
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$1.90M	USD	2 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$2.10M	USD	2 Qtrs
Amortization of capitalized financing costs	`AmortizationOfFinancingCosts`	$1.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	Point-in-time
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.10M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-400.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$400.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$5.40M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$2.50M	USD	2 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$6.80M	USD	2 Qtrs
Revaluation of contingent liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-7.00M	USD	2 Qtrs
Impairment on software development costs	`ImpairmentOnSoftwareDevelopmentCosts`	$400.00K	USD	2 Qtrs
Equity-based compensation expense	`ShareBasedCompensation`	$50.00M	USD	2 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$100.00K	USD	2 Qtrs
Other noncash items	`OtherNoncashIncomeExpense`	$700.00K	USD	2 Qtrs
Impact of lease modifications	`ImpactOfLeaseModifications`	$12.40M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.70M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.80M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$1.80M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$600.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$900.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$700.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-100.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.60M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.80M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.70M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.20M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.50M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.90M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.90M	USD	2 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$700.00K	USD	2 Qtrs
Residual commission buyouts	`PaymentsToResidualCommissionBuyouts`	$400.00K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.20M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.40M	USD	2 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$-2.20M	USD	2 Qtrs
Capitalized software development costs	`CapitalizedSoftwareDevelopmentCostsForInternalAndExternalUse`	$-5.10M	USD	2 Qtrs
Customer acquisition costs	`CustomerAcquisitionCosts`	$-8.80M	USD	2 Qtrs
Customer acquisition costs	`CustomerAcquisitionCosts`	$-9.80M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.70M	USD	2 Qtrs
IPO proceeds, net of underwriting discounts and commissions	`InitialPublicOfferingProceedsNetOfUnderwritingDiscountsAndCommissions`	$372.90M	USD	2 Qtrs
Proceeds from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$100.00M	USD	2 Qtrs
Payments for offering costs	`PaymentsForOfferingCosts`	$7.20M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$20.00M	USD	2 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$68.50M	USD	2 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$191.90M	USD	2 Qtrs
Repayment of debt	`RepaymentOfDebtExcludingRevolvingLineOfCredit`	$2.60M	USD	2 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$89.50M	USD	2 Qtrs
Repayment of revolving line of credit	`RepaymentsOfLinesOfCredit`	$20.00M	USD	2 Qtrs
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.10M	USD	2 Qtrs
Payments on contingent liabilities	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$1.60M	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$300.00K	USD	2 Qtrs
Preferred return on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$900.00K	USD	2 Qtrs
Capital distributions	`PaymentsOfCapitalDistribution`	$500.00K	USD	2 Qtrs
Capital distributions	`PaymentsOfCapitalDistribution`	$100.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$250.30M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.60M	USD	2 Qtrs
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$400.00K	USD	2 Qtrs
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$240.30M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$244.00M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.20M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.80M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.70M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$244.00M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.20M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.80M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$100.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$100.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$26.60M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$23.20M	USD	2 Qtrs
Accrued preferred return on redeemable preferred units	`AccruedPreferredReturnOnRedeemablePreferredUnits`	$2.50M	USD	2 Qtrs
Contingent consideration settled with Class A common stock	`PaymentsForRepurchaseOfCommonStock`	$21.10M	USD	2 Qtrs
Short-term financing for directors and officers insurance	`ShortTermFinancingForDirectorsAndOfficersInsurance`	$3.40M	USD	2 Qtrs
Preferred return on preferred stock settled with LLC Interests	`PreferredReturnOnPreferredStockSettledWithLLCInterests`	$2.30M	USD	2 Qtrs
Deferred compensation settled with restricted stock units	`DeferredCompensationSettledWithRestrictedStockUnits`	$2.10M	USD	2 Qtrs

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.70M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-28.90M	USD	Point-in-time
Temporary Equity, Balance, shares	`TemporaryEquitySharesOutstanding`	430.00	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-79.20M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.10M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-13.50M	USD	1 Quarter
Net loss prior to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-72.90M	USD	1 Quarter
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$100.00K	USD	1 Quarter
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$100.00K	USD	1 Quarter
Capital distributions	`DividendsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$400.00K	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.30M	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.20M	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$1.20M	USD	1 Quarter
Preferred return on redeemable preferred units	`PreferredReturnOnRedeemablePreferredUnitsPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$900.00K	USD	1 Quarter
Balances prior to Reorganization Transactions, IPO and concurrent private placement	`StockholdersEquityPriorToReorganizationTransactionsInitialPublicOfferingAndConcurrentPrivatePlacement`	$-109.60M	USD	Point-in-time
Reorganization transactions	`ReorganizationTransactionsInValue`	$43.00M	USD	Point-in-time
Preferred dividends settled with LLC interests	`AdjustmentsToAdditionalPaidInCapitalPreferredDividendsSettledWithInterests`	$2.30M	USD	Point-in-time
Issuance of common stock in IPO and concurrent private placement	`StockIssuedDuringPeriodValueNewIssues`	$463.80M	USD	Point-in-time
Issuance of common stock for change of control contingent liabilities	`IssuanceOfCommonStockForChangeOfControlContingentLiabilitiesInValue`	$21.10M	USD	Point-in-time
Issuance of restricted stock units for change of control contingent liabilities	`IssuanceOfRestrictedStockUnitsForChangeOfControlContingentLiabilitiesInValue`	$2.10M	USD	Point-in-time
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.00M	USD	Point-in-time
Net loss subsequent to Reorganization Transactions, IPO and concurrent private placement	`NetIncomeLossSubsequentToReorganizationTransactionInitialPublicOfferingAndConcurrentPrivatePlacement`	$-2.10M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.60M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.70M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.40M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.40M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.10M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-28.90M	USD	Point-in-time
Temporary Equity, Balance, shares	`TemporaryEquitySharesOutstanding`	430.00	shares	Point-in-time

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