10-K Filing

FAT BRANDS, INC CIK: 1705012 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001628280-24-010647`
Period End Date	20231231
Filing Date	20240312
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	fat-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 57 Cash Flow Statement 91 Stockholders Equity 29

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$28.67M	USD	Point-in-time
Cash	`Cash`	$37.04M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$39.27M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$25.38M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.15M	USD	Point-in-time
Inventory	`InventoryNet`	$9.31M	USD	Point-in-time
Inventory	`InventoryNet`	$6.92M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$4.77M	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$3.76M	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, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.49M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$95.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.01M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.59M	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.25M	shares	Point-in-time
Non-current restricted cash	`RestrictedCashNoncurrent`	$15.59M	USD	Point-in-time
Non-current restricted cash	`RestrictedCashNoncurrent`	$14.72M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.59M	shares	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetNoncurrent`	$101.11M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetNoncurrent`	$220.03M	USD	Point-in-time
Goodwill	`Goodwill`	$293.28M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$305.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$620.62M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$652.80M	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
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$625.29M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.90M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.57M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.00M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.90M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.57M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.37M	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$1.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.81M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$52.80M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$58.90M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.49M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.02M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$7.99M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$14.82M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$24.96M	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`	$1.32M	USD	Point-in-time
Liabilities related to assets classified as held- for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$3.42M	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`	$14.81M	USD	Point-in-time
Operating lease liability, current portion	`OperatingLeaseLiabilityCurrent`	$17.25M	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`	$42.61M	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`	$276.60M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$21.96M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$21.70M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$27.18M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$18.80M	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`	$211.74M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$958.63M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$1.11B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.64B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.37B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.0001 par value; 15,000,000 shares authorized; 3,591,804 shares issued and outstanding at December 31, 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
Preferred stock: $0.0001 par value; 15,000,000 shares authorized; 3,591,804 shares issued and outstanding at December 31, 2023 and 3,252,154 shares issued and outstanding at December 25, 2022; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$44.10M	USD	Point-in-time
Class A and Class B common stock and additional paid-in capital as of December 31, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,900,099 shares issued and outstanding (Class A 15,629,294, 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 (Class A 50,000,000, Class B 1,600,000); 16,571,675 shares issued and outstanding (Class A 15,300,870, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount`	$-31.19M	USD	Point-in-time
Class A and Class B common stock and additional paid-in capital as of December 31, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,900,099 shares issued and outstanding (Class A 15,629,294, 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 (Class A 50,000,000, Class B 1,600,000); 16,571,675 shares issued and outstanding (Class A 15,300,870, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount`	$-26.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-178.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-268.78M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-255.86M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-159.18M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.39B	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$407.22M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$480.46M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$113.31M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$93.12M	USD	Annual
Cost of restaurant and factory revenues	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$221.63M	USD	Annual
Cost of restaurant and factory revenues	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$282.89M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.13M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.02M	USD	Annual
Impairment of goodwill and other intangible assets	`GoodwillAndIntangibleAssetImpairment`	$500.00K	USD	Annual
Impairment of goodwill and other intangible assets	`GoodwillAndIntangibleAssetImpairment`	$14.00M	USD	Annual
Refranchising loss	`RefranchisingGainLoss`	$-4.18M	USD	Annual
Refranchising loss	`RefranchisingGainLoss`	$-2.87M	USD	Annual
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	Annual
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$383.00K	USD	Annual
Advertising fees	`AdvertisingExpense`	$47.62M	USD	Annual
Advertising fees	`AdvertisingExpense`	$44.61M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$458.13M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$425.13M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$22.33M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-17.90M	USD	Annual
Interest expense	`InterestExpenseOther`	$99.34M	USD	Annual
Interest expense	`InterestExpenseOther`	$78.48M	USD	Annual
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$18.19M	USD	Annual
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$16.37M	USD	Annual
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.40M	USD	Annual
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.20M	USD	Point-in-time
Other income, net	`OtherNonoperatingIncomeExpense`	$5.38M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$1.23M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-118.69M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-89.47M	USD	Annual
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-107.38M	USD	Annual
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-96.36M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$-6.25M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$18.81M	USD	Annual
Net loss	`NetIncomeLoss`	$-90.11M	USD	Annual
Net loss	`NetIncomeLoss`	$-126.19M	USD	Annual
Dividends on preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$7.01M	USD	Annual
Dividends on preferred shares	`PreferredStockDividendsIncomeStatementImpact`	$6.64M	USD	Annual
Net loss available to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-132.82M	USD	Annual
Net loss available to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-97.12M	USD	Annual
Net loss available to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-132.82M	USD	Annual
Net loss available to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-97.12M	USD	Annual
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-5.85	USD	Annual
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-8.06	USD	Annual
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-5.85	USD	Annual
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-8.06	USD	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.60M	shares	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.48M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.48M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.60M	shares	Annual
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`	$0.14	USD	Point-in-time
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`	$0.14	USD	Point-in-time
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.56	USD	Annual
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.54	USD	Annual

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-90.11M	USD	Annual
Net loss	`NetIncomeLoss`	$-126.19M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-8.38M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$17.46M	USD	Annual
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.40M	USD	Annual
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.20M	USD	Point-in-time
Depreciation and amortization	`DepreciationAndAmortization`	$27.02M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$31.13M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$7.62M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$3.62M	USD	Annual
Change in operating right-of-use assets	`ChangeInOperatingRightOfUseAssets`	$7.02M	USD	Annual
Change in operating right-of-use assets	`ChangeInOperatingRightOfUseAssets`	$55.00K	USD	Annual
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$13.54M	USD	Annual
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$10.77M	USD	Annual
Adjustments to purchase price liability	`AccretionOfPurchasePriceLiability`	$-1.14M	USD	Annual
Adjustments to purchase price liability	`AccretionOfPurchasePriceLiability`	-	USD	Annual
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	-	USD	Annual
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	-	USD	Annual
Impairment of goodwill and other intangible assets	`GoodwillAndIntangibleAssetImpairment`	$500.00K	USD	Annual
Impairment of goodwill and other intangible assets	`GoodwillAndIntangibleAssetImpairment`	$14.00M	USD	Annual
(Recovery) provision for bad debts	`ProvisionForDoubtfulAccounts`	$-9.83M	USD	Annual
(Recovery) provision for bad debts	`ProvisionForDoubtfulAccounts`	$20.72M	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$-500.00K	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.57M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$24.52M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$2.38M	USD	Annual
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-29.00K	USD	Annual
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.13M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.20M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.48M	USD	Annual
Accrued expense and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.10M	USD	Annual
Accrued expense and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.50M	USD	Annual
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$3.42M	USD	Annual
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$732.00K	USD	Annual
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-6.83M	USD	Annual
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$3.97M	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$2.56M	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$11.72M	USD	Annual
Dividend payable on preferred shares	`IncreaseDecreaseInDividendsPayableOnPreferredShares`	$-107.00K	USD	Annual
Dividend payable on preferred shares	`IncreaseDecreaseInDividendsPayableOnPreferredShares`	$-142.00K	USD	Annual
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.84M	USD	Annual
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.34M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$78.79M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$54.50M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.40M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.61M	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.02M	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$38.60M	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.75M	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.61M	USD	Annual
Payments received on notes receivable	`ProceedsFromSaleOfLoansReceivable`	$295.00K	USD	Annual
Payments received on notes receivable	`ProceedsFromSaleOfLoansReceivable`	$1.76M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.93M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.90M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.42M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-59.80M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.50M	USD	Annual
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$183.11M	USD	Annual
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$55.22M	USD	Annual
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$54.37M	USD	Annual
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$4.87M	USD	Annual
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	-	USD	Annual
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$5.70M	USD	Annual
Proceeds from issuance of common and preferred shares	`ProceedsFromIssuanceOrSaleOfEquity`	$694.00K	USD	Annual
Proceeds from issuance of common and preferred shares	`ProceedsFromIssuanceOrSaleOfEquity`	$6.16M	USD	Annual
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$1.06M	USD	Annual
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	-	USD	Annual
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$8.90M	USD	Annual
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$9.34M	USD	Annual
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$7.01M	USD	Annual
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$6.64M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$118.55M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.74M	USD	Annual
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-31.16M	USD	Annual
Net increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$23.14M	USD	Annual
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`	$99.92M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$91.90M	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`	$99.92M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$91.90M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$66.85M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$109.39M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.03M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.75M	USD	Annual
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	-	USD	Annual
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	$30.00K	USD	Annual

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	16.90M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	16.57M	shares	Point-in-time
Beginning balance (in shares)	`PreferredStockSharesOutstanding`	3.25M	shares	Point-in-time
Beginning balance (in shares)	`PreferredStockSharesOutstanding`	3.59M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-255.86M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-159.18M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-90.11M	USD	Annual
Net loss	`NetIncomeLoss`	$-126.19M	USD	Annual
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$6.16M	USD	Annual
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$694.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.62M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.62M	USD	Annual
Dividends paid on common stock	`DividendsCommonStockCash`	$8.90M	USD	Annual
Dividends paid on common stock	`DividendsCommonStockCash`	$2.30M	USD	Point-in-time
Dividends paid on common stock	`DividendsCommonStockCash`	$2.40M	USD	Point-in-time
Dividends paid on common stock	`DividendsCommonStockCash`	$2.30M	USD	Point-in-time
Dividends paid on common stock	`DividendsCommonStockCash`	$2.30M	USD	Point-in-time
Dividends paid on common stock	`DividendsCommonStockCash`	$9.34M	USD	Annual
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$6.64M	USD	Annual
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$7.01M	USD	Annual
Exercise of Series B preferred stock put option	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToExerciseOfPutOption`	$4.11M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	16.90M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	16.57M	shares	Point-in-time
Ending balance (in shares)	`PreferredStockSharesOutstanding`	3.25M	shares	Point-in-time
Ending balance (in shares)	`PreferredStockSharesOutstanding`	3.59M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-255.86M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-159.18M	USD	Point-in-time

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