10-Q Filing

FAT BRANDS, INC CIK: 1705012 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-027514`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	fat-20230625_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 93 Cash Flow Statement 78 Stockholders Equity 40

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$28.67M	USD	Point-in-time
Cash	`Cash`	$30.57M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$26.56M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$25.38M	USD	Point-in-time
Accounts receivable, net of allowances of $11,814 and $24,207 as of June 25, 2023 and December 25, 2022, respectively	`AccountsReceivableNetCurrent`	$23.88M	USD	Point-in-time
Accounts receivable, net of allowances of $11,814 and $24,207 as of June 25, 2023 and December 25, 2022, respectively	`AccountsReceivableNetCurrent`	$29.01M	USD	Point-in-time
Inventory	`InventoryNet`	$6.92M	USD	Point-in-time
Inventory	`InventoryNet`	$6.25M	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$4.77M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.81M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$24.21M	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$3.89M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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`	$8.00M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$104.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.70M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.25M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.34M	shares	Point-in-time
Non-current restricted cash	`RestrictedCashNoncurrent`	$14.74M	USD	Point-in-time
Non-current restricted cash	`RestrictedCashNoncurrent`	$14.72M	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
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.34M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$101.59M	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
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`	$625.29M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$617.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.58M	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
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.61M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.61M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.00M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.57M	shares	Point-in-time
Total assets	`Assets`	$1.22B	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
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.61M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.30M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$52.80M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$51.16M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$1.86M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.02M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$14.82M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$14.03M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$13.24M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$16.72M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnPreferredShares`	$1.47M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnPreferredShares`	$1.28M	USD	Point-in-time
Liabilities related to assets classified as held-for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$3.48M	USD	Point-in-time
Liabilities related to assets classified as held-for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$4.08M	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$14.90M	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$14.81M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$91.84M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$91.84M	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$49.61M	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$35.85M	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`	$251.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$267.02M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$21.70M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$22.53M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$27.18M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$29.15M	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`	$95.81M	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`	$1.63M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.42B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.37B	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; 3,338,573 shares issued and outstanding at June 25, 2023 and 3,252,154 shares issued and outstanding at December 25, 2022; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$43.57M	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,338,573 shares issued and outstanding at June 25, 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 June 25, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,611,175 shares issued and outstanding (Class A 15,340,370, 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)	`CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount`	$-26.02M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of June 25, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,611,175 shares issued and outstanding (Class A 15,340,370, 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)	`CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount`	$-28.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-217.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-178.67M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-203.19M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-193.84M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-61.12M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-159.18M	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`	$1.22B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time

Income Statement 93 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$106.76M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$200.19M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$212.46M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$102.78M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$20.84M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$9.95M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$45.44M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$38.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.18M	USD	2 Qtrs
Refranchising loss	`RefranchisingGainLoss`	$-1.00M	USD	2 Qtrs
Refranchising loss	`RefranchisingGainLoss`	$-179.00K	USD	1 Quarter
Refranchising loss	`RefranchisingGainLoss`	$-453.00K	USD	1 Quarter
Refranchising loss	`RefranchisingGainLoss`	$-338.00K	USD	2 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$383.00K	USD	2 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	2 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$135.00K	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$21.85M	USD	2 Qtrs
Advertising fees	`AdvertisingExpense`	$11.60M	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$11.61M	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$22.14M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$193.60M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$88.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$186.50M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$89.58M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.85M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.69M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$18.46M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$19.00M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$38.03M	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$20.01M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$45.10M	USD	2 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$4.71M	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$9.35M	USD	2 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$6.71M	USD	2 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$4.31M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.07M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.38M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$265.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$109.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-24.21M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-54.19M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-21.64M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-41.36M	USD	2 Qtrs
Loss before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.44M	USD	1 Quarter
Loss before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-35.34M	USD	2 Qtrs
Loss before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.67M	USD	2 Qtrs
Loss before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.75M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$1.35M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$4.27M	USD	2 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-251.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$3.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-39.22M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.19M	USD	1 Quarter
Dividends on preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$1.66M	USD	1 Quarter
Dividends on preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$1.61M	USD	1 Quarter
Dividends on preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$3.38M	USD	2 Qtrs
Dividends on preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$3.31M	USD	2 Qtrs
Net loss available to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.85M	USD	1 Quarter
Net loss available to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-35.26M	USD	2 Qtrs
Net loss available to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.71M	USD	1 Quarter
Net loss available to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-42.60M	USD	2 Qtrs
Net loss available to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-35.26M	USD	2 Qtrs
Net loss available to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-8.71M	USD	1 Quarter
Net loss available to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-9.85M	USD	1 Quarter
Net loss available to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-42.60M	USD	2 Qtrs
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-2.58	USD	2 Qtrs
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-600.00	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-2.15	USD	2 Qtrs
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.53	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-2.58	USD	2 Qtrs
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.53	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-600.00	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-2.15	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.52M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.52M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.40M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.41M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.52M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.41M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.52M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.40M	shares	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	Point-in-time
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.26	USD	2 Qtrs
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`	$0.28	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-39.22M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.19M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.26M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.97M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$13.18M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.57M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$4.08M	USD	2 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$5.79M	USD	2 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$8.52M	USD	2 Qtrs
Adjustments of purchase price liability	`AccretionOfPurchasePriceLiability`	-	USD	2 Qtrs
Adjustments of purchase price liability	`AccretionOfPurchasePriceLiability`	$48.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-12.39M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$423.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.53M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.27M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$405.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-672.00K	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$420.00K	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.67M	USD	2 Qtrs
Operating lease assets and liabilities	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLeaseLiabilities`	$377.00K	USD	2 Qtrs
Operating lease assets and liabilities	`IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLeaseLiabilities`	$85.00K	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$1.96M	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$674.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.92M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.02M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.23M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.64M	USD	2 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$2.98M	USD	2 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-788.00K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$483.00K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$3.48M	USD	2 Qtrs
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-887.00K	USD	2 Qtrs
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.41M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$18.00M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.65M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.29M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.21M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.77M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.52M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.03M	USD	2 Qtrs
Payments received on notes receivable	`ProceedsFromSaleOfLoansReceivable`	$1.65M	USD	2 Qtrs
Payments received on notes receivable	`ProceedsFromSaleOfLoansReceivable`	$143.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$192.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.84M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.88M	USD	2 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$704.00K	USD	2 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$38.12M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$535.00K	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$514.00K	USD	2 Qtrs
Proceeds from issuance of common and preferred shares	`ProceedsFromIssuanceOrSaleOfEquity`	$1.65M	USD	2 Qtrs
Proceeds from issuance of common and preferred shares	`ProceedsFromIssuanceOrSaleOfEquity`	$83.00K	USD	2 Qtrs
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$1.06M	USD	2 Qtrs
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	-	USD	2 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$4.64M	USD	2 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$4.26M	USD	2 Qtrs
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.31M	USD	2 Qtrs
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.38M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.21M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.37M	USD	2 Qtrs
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-48.50M	USD	2 Qtrs
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.11M	USD	2 Qtrs
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$71.88M	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`	$51.42M	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 end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$71.88M	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`	$51.42M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$99.92M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$50.97M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$32.43M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$447.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$675.00K	USD	2 Qtrs

Stockholders Equity 40 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`	3.25M	shares	Point-in-time
Beginning balance (in shares)	`PreferredStockSharesOutstanding`	3.34M	shares	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-203.19M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-193.84M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-61.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-159.18M	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`	$-39.22M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.19M	USD	1 Quarter
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$1.20M	USD	1 Quarter
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$83.00K	USD	2 Qtrs
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$1.65M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.57M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$477.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.08M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.96M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$2.13M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$4.26M	USD	2 Qtrs
Dividends paid on common stock	`DividendsCommonStockCash`	$2.32M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$4.64M	USD	2 Qtrs
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$3.38M	USD	2 Qtrs
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$1.66M	USD	1 Quarter
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$3.31M	USD	2 Qtrs
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$1.61M	USD	1 Quarter
Exercise of Series B preferred stock put option	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToExerciseOfPutOption`	$4.11M	USD	2 Qtrs
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`	3.25M	shares	Point-in-time
Ending balance (in shares)	`PreferredStockSharesOutstanding`	3.34M	shares	Point-in-time
Ending balance, value	`StockholdersEquity`	$-203.19M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-193.84M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-61.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-159.18M	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.