10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-011733`
Period End Date	20220331
Filing Date	20220502
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	vrt-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 70 Stockholders Equity 25 Comprehensive Income 14

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.20M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.10M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$439.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$288.50M	USD	Point-in-time
Accounts receivable, less allowances of $15.2 and $14.1, respectively	`AccountsReceivableNetCurrent`	$1.54B	USD	Point-in-time
Accounts receivable, less allowances of $15.2 and $14.1, respectively	`AccountsReceivableNetCurrent`	$1.53B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$774.50M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$616.30M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$106.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$126.70M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.72B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.70B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$485.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$489.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	375.99M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	375.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	375.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	375.99M	shares	Point-in-time
Goodwill	`Goodwill`	$1.33B	USD	Point-in-time
Goodwill	`Goodwill`	$1.32B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.06B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.14B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$51.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$47.90M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$235.50M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$277.10M	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.75B	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.70B	USD	Point-in-time
Total assets	`Assets`	$6.91B	USD	Point-in-time
Total assets	`Assets`	$6.94B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$887.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$858.50M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$953.40M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$972.30M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$21.10M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$22.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.90B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.95B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.95B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$198.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$194.70M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$149.60M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$54.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$357.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$368.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.46B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.52B	USD	Point-in-time
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 375,991,964 and 375,801,857 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 375,991,964 and 375,801,857 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.61B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.60B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.21B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.22B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.60M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$35.60M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total equity	`StockholdersEquity`	$512.10M	USD	Point-in-time
Total equity	`StockholdersEquity`	$728.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.42B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.94B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.91B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.16B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.10B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$852.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$740.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$292.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$250.10M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$57.70M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$31.80M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$800.00K	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$2.00M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.30M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$6.90M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-1.20M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$600.00K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-45.20M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$79.80M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$24.10M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$29.30M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-94.90M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$13.60M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$41.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.23	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	349.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	375.97M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	353.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	379.69M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Depreciation	`Depreciation`	$17.90M	USD	1 Quarter
Depreciation	`Depreciation`	$16.90M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$61.30M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$35.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.60M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-7.50M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.30M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.80M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-94.90M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$13.60M	USD	1 Quarter
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$44.60M	USD	1 Quarter
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$116.10M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$6.60M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$5.60M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	-	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$8.70M	USD	1 Quarter
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	-	USD	1 Quarter
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	$1.80M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$5.70M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-4.50M	USD	1 Quarter
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.70M	USD	1 Quarter
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-132.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.10M	USD	1 Quarter
Investments in capitalized software	`PaymentsForSoftware`	$1.10M	USD	1 Quarter
Investments in capitalized software	`PaymentsForSoftware`	$3.10M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.90M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.20M	USD	1 Quarter
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	-	USD	1 Quarter
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	$75.80M	USD	1 Quarter
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	-	USD	1 Quarter
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	$60.00M	USD	1 Quarter
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	1 Quarter
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$12.80M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	1 Quarter
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$900.00K	USD	1 Quarter
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$1.00M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$102.90M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.30M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-150.60M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$142.60M	USD	1 Quarter
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$685.20M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$447.10M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.60M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$296.50M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$685.20M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$447.10M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.60M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$296.50M	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-47.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$160.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$68.40M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$14.50M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.70M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-41.50M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$30.50M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$100.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.80M	USD	1 Quarter
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$44.60M	USD	1 Quarter
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$116.10M	USD	1 Quarter

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	1 Quarter
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	375.80M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	375.99M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$728.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.42B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$900.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.00M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$1.30M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.30M	USD	1 Quarter
Exercise of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$176.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.60M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$18.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	375.80M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	375.99M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$728.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.42B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-36.30M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-36.10M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$33.90M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$54.20M	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$4.10M	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	-	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$800.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$18.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$26.50M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$32.80M	USD	1 Quarter

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