10-Q Filing

FAT BRANDS, INC CIK: 1705012 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-016795`
Period End Date	20230331
Filing Date	20230509
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	fat-20230326_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 41 Cash Flow Statement 72 Stockholders Equity 27

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$28.67M	USD	Point-in-time
Cash	`Cash`	$46.19M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$26.37M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$25.38M	USD	Point-in-time
Accounts receivable, net of allowances of $13,968 and $24,207 as of March 26, 2023 and December 25, 2022, respectively	`AccountsReceivableNetCurrent`	$26.93M	USD	Point-in-time
Accounts receivable, net of allowances of $13,968 and $24,207 as of March 26, 2023 and December 25, 2022, respectively	`AccountsReceivableNetCurrent`	$23.88M	USD	Point-in-time
Inventory	`InventoryNet`	$6.77M	USD	Point-in-time
Inventory	`InventoryNet`	$6.92M	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$4.03M	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$4.77M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.97M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$24.21M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.09M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.64M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$116.92M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$95.70M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Non-current restricted cash	`RestrictedCashNoncurrent`	$14.72M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.25M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.27M	shares	Point-in-time
Non-current restricted cash	`RestrictedCashNoncurrent`	$14.73M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.27M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$100.78M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$101.11M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.25M	shares	Point-in-time
Goodwill	`Goodwill`	$293.28M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Goodwill	`Goodwill`	$293.28M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$621.55M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$625.29M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$77.85M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.57M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.00M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.61M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.41M	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.57M	shares	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.61M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.33M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$52.80M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$47.72M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.35M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.02M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$13.33M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$14.82M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$18.00M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$13.24M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnPreferredShares`	$1.47M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnPreferredShares`	$1.47M	USD	Point-in-time
Liabilities related to assets classified as held-for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$4.08M	USD	Point-in-time
Liabilities related to assets classified as held-for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$3.42M	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$14.93M	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$14.81M	USD	Point-in-time
Redeemable preferred stock, current portion	`CurrentPortionOfPreferredSharesNet`	$91.84M	USD	Point-in-time
Redeemable preferred stock, current portion	`CurrentPortionOfPreferredSharesNet`	$91.84M	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$28.63M	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$49.61M	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$4.00M	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$267.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$245.75M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$20.82M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$21.70M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$28.30M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$27.18M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$95.62M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$95.40M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$1.02B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$958.63M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$12.68M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.37B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.42B	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,272,980 shares issued and outstanding at March 26, 2023 and 3,252,154 shares issued and outstanding at December 25, 2022; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$44.13M	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,272,980 shares issued and outstanding at March 26, 2023 and 3,252,154 shares issued and outstanding at December 25, 2022; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$45.50M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of March 26, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,612,627 shares issued and outstanding (Class A 15,341,822, Class B 1,270,805). Common stock and additional paid-in capital as of December 25, 2022: $0.0001 par value; 51,600,000 shares authorized; 16,571,675 shares issued and outstanding (Class A 15,300,870, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapital`	$-26.02M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of March 26, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,612,627 shares issued and outstanding (Class A 15,341,822, Class B 1,270,805). Common stock and additional paid-in capital as of December 25, 2022: $0.0001 par value; 51,600,000 shares authorized; 16,571,675 shares issued and outstanding (Class A 15,300,870, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapital`	$-27.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-178.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-210.79M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-159.18M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-193.84M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-51.11M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$105.69M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$97.40M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$24.75M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$28.41M	USD	1 Quarter
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$54.80M	USD	1 Quarter
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$59.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.56M	USD	1 Quarter
Refranchising loss	`RefranchisingGainLoss`	$-159.00K	USD	1 Quarter
Refranchising loss	`RefranchisingGainLoss`	$-548.00K	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$10.53M	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$10.26M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$105.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$96.92M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$387.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$485.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseOther`	$25.09M	USD	1 Quarter
Interest expense, net	`InterestExpenseOther`	$19.03M	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$2.00M	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$5.04M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.31M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$156.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-19.72M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-29.98M	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.23M	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.59M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.52M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.13M	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.95	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.45	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-1.95	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-1.45	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.39M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.49M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.39M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.49M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	Point-in-time

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.13M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.12M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.56M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.09M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.11M	USD	1 Quarter
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$2.63M	USD	1 Quarter
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$4.98M	USD	1 Quarter
Adjustments of purchase price liability	`AccretionOfPurchasePriceLiability`	-	USD	1 Quarter
Adjustments of purchase price liability	`AccretionOfPurchasePriceLiability`	$24.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$185.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-206.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.19M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-155.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$234.00K	USD	1 Quarter
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-439.00K	USD	1 Quarter
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.03M	USD	1 Quarter
Operating lease assets and liabilities	`ChangeInOperatingLeaseRightOfUseAssetsAndLeaseLiabilities`	$302.00K	USD	1 Quarter
Operating lease assets and liabilities	`ChangeInOperatingLeaseRightOfUseAssetsAndLeaseLiabilities`	$451.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$-551.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$1.51M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.74M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.01M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.18M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.08M	USD	1 Quarter
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$1.46M	USD	1 Quarter
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-1.49M	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.94M	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$4.75M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$315.00K	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-731.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$12.62M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$20.41M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.71M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.13M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.77M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.03M	USD	1 Quarter
Payments received on notes receivable	`ProceedsFromSaleOfLoansReceivable`	$30.00K	USD	1 Quarter
Payments received on notes receivable	`ProceedsFromSaleOfLoansReceivable`	$70.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.96M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.74M	USD	1 Quarter
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$492.00K	USD	1 Quarter
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$35.89M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$236.00K	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$51.00K	USD	1 Quarter
Proceeds from issuance of common and preferred shares	`ProceedsFromIssuanceOrSaleOfEquity`	$79.00K	USD	1 Quarter
Proceeds from issuance of common and preferred shares	`ProceedsFromIssuanceOrSaleOfEquity`	$439.00K	USD	1 Quarter
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	-	USD	1 Quarter
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$1.06M	USD	1 Quarter
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$2.32M	USD	1 Quarter
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$2.13M	USD	1 Quarter
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.75M	USD	1 Quarter
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.65M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.51M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$32.20M	USD	1 Quarter
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.53M	USD	1 Quarter
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.38M	USD	1 Quarter
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$87.29M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$99.92M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$68.76M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$80.54M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$87.29M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$99.92M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$68.76M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$80.54M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$14.98M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$17.66M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$210.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$321.00K	USD	1 Quarter

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	16.57M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	16.61M	shares	Point-in-time
Beginning balance (in shares)	`PreferredStockSharesOutstanding`	3.27M	shares	Point-in-time
Beginning balance (in shares)	`PreferredStockSharesOutstanding`	3.25M	shares	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-159.18M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-193.84M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-51.11M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-23.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.13M	USD	1 Quarter
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$439.00K	USD	1 Quarter
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$79.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.11M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.09M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$2.32M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$2.13M	USD	1 Quarter
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$1.75M	USD	1 Quarter
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$1.65M	USD	1 Quarter
Exercise of Series B preferred stock put option	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToExerciseOfPutOption`	$4.11M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	16.57M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	16.61M	shares	Point-in-time
Ending balance (in shares)	`PreferredStockSharesOutstanding`	3.27M	shares	Point-in-time
Ending balance (in shares)	`PreferredStockSharesOutstanding`	3.25M	shares	Point-in-time
Ending balance, value	`StockholdersEquity`	$-159.18M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-193.84M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-51.11M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-21.66M	USD	Point-in-time

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