10-Q Filing

Latham Group, Inc. CIK: 1833197 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-100799`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	swim-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 68 Cash Flow Statement 71 Stockholders Equity 34 Comprehensive Income 18

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$76.52M	USD	Point-in-time
Cash	`Cash`	$59.31M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$77.24M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$32.76M	USD	Point-in-time
Inventories, net	`InventoryNet`	$64.82M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$74.47M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.38M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	120.41M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	120.41M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$167.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$242.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.18M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$25.28M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$25.38M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$345.00K	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$793.00K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$1.04M	USD	Point-in-time
Goodwill	`Goodwill`	$115.53M	USD	Point-in-time
Goodwill	`Goodwill`	$115.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$277.91M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$289.47M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$211.00K	USD	Point-in-time
Total assets	`Assets`	$646.68M	USD	Point-in-time
Total assets	`Assets`	$718.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.79M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$500.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$1.35M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$13.04M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$14.23M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$55.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$50.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$111.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.94M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrentExcludingRelatedPartyDebt`	$223.11M	USD	Point-in-time
Long-term debt, net of discount and current portion	`LongTermDebtNoncurrentExcludingRelatedPartyDebt`	$208.45M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$55.19M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$55.95M	USD	Point-in-time
Liability for uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.54M	USD	Point-in-time
Liability for uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.61M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$398.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$365.07M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 100,000,000 and no shares authorized as of July 3, 2021 and December 31, 2020, respectively; no shares issued and outstanding as of both July 3, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 100,000,000 and no shares authorized as of July 3, 2021 and December 31, 2020, respectively; no shares issued and outstanding as of both July 3, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 900,000,000 and 500,000,000 shares authorized as of July 3, 2021 and December 31, 2020, respectively; 120,409,271 and 118,854,249 shares issued and outstanding as of July 3, 2021 and December 31, 2020, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.0001 par value; 900,000,000 and 500,000,000 shares authorized as of July 3, 2021 and December 31, 2020, respectively; 120,409,271 and 118,854,249 shares issued and outstanding as of July 3, 2021 and December 31, 2020, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$350.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$265.48M	USD	Point-in-time
(Accumulated deficit) retained earnings	`RetainedEarningsAccumulatedDeficit`	$-31.30M	USD	Point-in-time
(Accumulated deficit) retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.77M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.35M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$320.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$195.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$193.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$176.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$281.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$115.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$718.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$646.68M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$329.63M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$180.89M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$163.96M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$112.82M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$109.50M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$122.53M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$218.84M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$68.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.46M	USD	2 Qtrs
Gross profit	`GrossProfit`	$110.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$58.35M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$95.29M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$30.79M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$122.46M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$15.36M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$5.48M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$11.07M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$8.13M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$4.06M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$24.94M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-22.74M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-42.41M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$15.54M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$9.64M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$7.52M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$16.57M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$4.31M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$794.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-2.50M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.35M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.24M	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	$-12.14M	USD	2 Qtrs
Total other expense (income), net	`NonoperatingIncomeExpense`	$-3.07M	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	$-6.72M	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	$-15.22M	USD	2 Qtrs
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$754.00K	USD	1 Quarter
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$998.00K	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.96M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.38M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.87M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.40M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.46M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.44M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$8.53M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-15.45M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-45.06M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-53.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$963.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$16.41M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.41	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.49	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.41	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.49	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	96.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.12M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	96.30M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.12M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.72M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.65M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-45.06M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$963.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.61M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.67M	USD	2 Qtrs
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$5.70M	USD	2 Qtrs
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.32M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$76.97M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$464.00K	USD	2 Qtrs
Other non-cash	`OtherNoncashIncomeExpense`	$-1.04M	USD	2 Qtrs
Other non-cash	`OtherNoncashIncomeExpense`	$-791.00K	USD	2 Qtrs
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$754.00K	USD	1 Quarter
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$998.00K	USD	2 Qtrs
Distributions received from equity method investment	`EquityMethodInvestmentDividendsOrDistributions`	$998.00K	USD	2 Qtrs
Distributions received from equity method investment	`EquityMethodInvestmentDividendsOrDistributions`	$1.00M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$25.69M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$44.47M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.46M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$792.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-871.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.68M	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$75.00K	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$115.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-830.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.01M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.66M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.58M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.51M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$113.00K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$639.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.24M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.17M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.97M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.21M	USD	2 Qtrs
Proceeds (costs) from sale of equipment	`ProceedsFromPaymentsForSaleOfEquipment`	$16.00K	USD	2 Qtrs
Return of equity method investment	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$108.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.84M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.21M	USD	2 Qtrs
Proceeds from borrowings on the term loan	`ProceedsFromIssuanceOfLongTermDebt`	$172.81M	USD	2 Qtrs
Payments on term loan borrowings	`RepaymentsOfMediumTermNotes`	$161.28M	USD	2 Qtrs
Payments on term loan borrowings	`RepaymentsOfMediumTermNotes`	$4.42M	USD	2 Qtrs
Proceeds from borrowings on the revolving credit facility	`ProceedsFromBorrowingsOnRevolvingCreditFacility`	$16.00M	USD	2 Qtrs
Proceeds from borrowings on the revolving credit facility	`ProceedsFromBorrowingsOnRevolvingCreditFacility`	$5.00M	USD	2 Qtrs
Payments on revolving credit facility borrowings	`RepaymentsOfRevolvingCreditFacilityBorrowings`	$16.00M	USD	2 Qtrs
Payments on revolving credit facility borrowings	`RepaymentsOfRevolvingCreditFacilityBorrowings`	$5.00M	USD	2 Qtrs
Deferred financing fees paid	`PaymentsOfFinancingCosts`	$1.25M	USD	2 Qtrs
Distributions to parent	`PaymentsOfCapitalDistribution`	$29.00K	USD	2 Qtrs
Dividend to parent	`PaymentsOfOrdinaryDividends`	$110.03M	USD	2 Qtrs
Proceeds from initial public offering, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	$399.26M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$281.64M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$576.00K	USD	2 Qtrs
Net cash provided (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.00M	USD	2 Qtrs
Net cash provided (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.85M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.97M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.86M	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$17.21M	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$890.00K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.52M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.66M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.31M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.55M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.52M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.66M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.31M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.55M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$10.27M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$10.24M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$6.75M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$131.00K	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$530.00K	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$173.00K	USD	2 Qtrs
Capitalized internal-use software included in accounts payable - related party	`CapitalizedInternalUseSoftwareCostsIncurredButNotYetPaid`	$1.35M	USD	2 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Dividend per share	`CommonStockDividendsPerShareDeclared`	$1.00	USD	1 Quarter
Balance, beginning of period	`StockholdersEquity`	$320.07M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$195.00M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$193.79M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$176.23M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$281.61M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$115.43M	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$8.53M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-15.45M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-45.06M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-53.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$963.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$16.41M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$164.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.29M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.17M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.94M	USD	1 Quarter
Dividend ($1.00 per share)	`Dividends`	$110.03M	USD	1 Quarter
Net proceeds from initial public offering	`StockIssuedDuringPeriodValueNewIssues`	$399.26M	USD	1 Quarter
Repurchase and retirement of treasury stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$216.70M	USD	1 Quarter
Repurchase and retirement of treasury stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$64.94M	USD	1 Quarter
Repurchase and retirement of treasury stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$400.00K	USD	1 Quarter
Repurchase and retirement of treasury stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$176.00K	USD	1 Quarter
Distributions	`DistributionsToParent`	$29.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.46M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$224.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$240.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$75.51M	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$320.07M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$195.00M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$193.79M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$176.23M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$281.61M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$115.43M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$8.53M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-15.45M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-45.06M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-53.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$963.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$16.41M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$164.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$357.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.01M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.29M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$357.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.01M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.29M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$164.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.32M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$18.71M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-46.07M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-53.43M	USD	1 Quarter

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