10-Q Filing

THRYV HOLDINGS, INC. CIK: 1556739 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001556739-22-000003`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	thry-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 40 Cash Flow Statement 64 Stockholders Equity 15

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.70M	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.39M	USD	Point-in-time
Contract with customer, asset, allowance for credit loss	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent`	$59.00K	USD	Point-in-time
Contract with customer, asset, allowance for credit loss	`ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent`	$88.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.84M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.26M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.45M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts receivable, net of allowance of $17,702 in 2022 and $17,387 in 2021	`AccountsReceivableNetCurrent`	$279.05M	USD	Point-in-time
Accounts receivable, net of allowance of $17,702 in 2022 and $17,387 in 2021	`AccountsReceivableNetCurrent`	$305.73M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Contract assets, net of allowance of $59 in 2022 and $88 in 2021	`ContractWithCustomerAssetNetCurrent`	$5.26M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	60.91M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	60.83M	shares	Point-in-time
Contract assets, net of allowance of $59 in 2022 and $88 in 2021	`ContractWithCustomerAssetNetCurrent`	$4.06M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.23M	shares	Point-in-time
Taxes receivable	`IncomeTaxesReceivable`	$14.71M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Taxes receivable	`IncomeTaxesReceivable`	$15.25M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$43.11M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	26.69M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	26.69M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$22.42M	USD	Point-in-time
Indemnification asset	`IndemnificationAssetCurrent`	$24.75M	USD	Point-in-time
Indemnification asset	`IndemnificationAssetCurrent`	$24.35M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$428.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.64M	USD	Point-in-time
Fixed assets and capitalized software, net	`PropertyPlantAndEquipmentNet`	$49.97M	USD	Point-in-time
Fixed assets and capitalized software, net	`PropertyPlantAndEquipmentNet`	$50.94M	USD	Point-in-time
Goodwill	`Goodwill`	$673.71M	USD	Point-in-time
Goodwill	`Goodwill`	$671.89M	USD	Point-in-time
Goodwill	`Goodwill`	$609.46M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$77.46M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$82.58M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$108.91M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$90.56M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$30.75M	USD	Point-in-time
Total assets	`Assets`	$1.37B	USD	Point-in-time
Total assets	`Assets`	$1.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.43M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$131.81M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$146.35M	USD	Point-in-time
Current portion of unrecognized tax benefits	`LiabilityForUncertainTaxPositionsCurrent`	$30.17M	USD	Point-in-time
Current portion of unrecognized tax benefits	`LiabilityForUncertainTaxPositionsCurrent`	$29.77M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$51.73M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$61.47M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$70.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$70.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$15.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$342.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$307.13M	USD	Point-in-time
Term Loan, net	`SeniorLongTermNotes`	$375.42M	USD	Point-in-time
Term Loan, net	`SeniorLongTermNotes`	$309.67M	USD	Point-in-time
Term Loan, related party	`NotesPayableRelatedPartiesNoncurrent`	$142.88M	USD	Point-in-time
Term Loan, related party	`NotesPayableRelatedPartiesNoncurrent`	$60.90M	USD	Point-in-time
ABL Facility	`LongTermLineOfCredit`	$39.93M	USD	Point-in-time
ABL Facility	`LongTermLineOfCredit`	$62.98M	USD	Point-in-time
Pension obligations, net	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$140.17M	USD	Point-in-time
Pension obligations, net	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$132.46M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$7.37M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$10.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$31.61M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$35.21M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$678.65M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$670.74M	USD	Point-in-time
Commitments and contingencies (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.01 par value, 250,000,000 shares authorized; 60,913,663 shares issued and 34,228,121 shares outstanding at March 31, 2022; and 60,830,853 shares issued and 34,145,311 shares outstanding at December 31, 2021	`CommonStockValue`	$608.00K	USD	Point-in-time
Common stock - $0.01 par value, 250,000,000 shares authorized; 60,913,663 shares issued and 34,228,121 shares outstanding at March 31, 2022; and 60,830,853 shares issued and 34,145,311 shares outstanding at December 31, 2021	`CommonStockValue`	$609.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.08B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.09B	USD	Point-in-time
Treasury stock - 26,685,542 shares at March 31, 2022 and December 31, 2021	`TreasuryStockValue`	$468.88M	USD	Point-in-time
Treasury stock - 26,685,542 shares at March 31, 2022 and December 31, 2021	`TreasuryStockValue`	$468.88M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.05M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-259.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-293.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$356.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$229.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$196.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$314.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.30B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.37B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$280.61M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$308.38M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$98.16M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$110.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$197.86M	USD	1 Quarter
Gross profit	`GrossProfit`	$182.45M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$93.95M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$76.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$52.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$41.28M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$146.15M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$117.82M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$51.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$64.63M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$13.11M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$11.61M	USD	1 Quarter
Interest expense, related party	`InterestExpenseRelatedParty`	$4.07M	USD	1 Quarter
Interest expense, related party	`InterestExpenseRelatedParty`	$1.76M	USD	1 Quarter
Other components of net periodic pension benefit (cost)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-453.00K	USD	1 Quarter
Other components of net periodic pension benefit (cost)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-70.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$6.22M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.09M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$48.31M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.62M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.51M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$5.45M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.97M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$38.96M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.54M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.11M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.96M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.01M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$33.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.97M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.44M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$433.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-13.25M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.67M	USD	1 Quarter
Provision for credit losses and service credits	`ProvisionForLoanAndLeaseLosses`	$6.55M	USD	1 Quarter
Provision for credit losses and service credits	`ProvisionForLoanAndLeaseLosses`	$5.47M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.97M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.93M	USD	1 Quarter
Other components of net periodic pension (benefit)	`PensionExpenseReversalOfExpenseNoncash`	$-453.00K	USD	1 Quarter
Other components of net periodic pension (benefit)	`PensionExpenseReversalOfExpenseNoncash`	$-70.00K	USD	1 Quarter
Loss on foreign currency exchange rates	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.08M	USD	1 Quarter
Loss on foreign currency exchange rates	`ForeignCurrencyTransactionGainLossBeforeTax`	$-835.00K	USD	1 Quarter
Bargain purchase gain	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$7.30M	USD	1 Quarter
Bargain purchase gain	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-320.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.36M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.85M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-1.28M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-1.45M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.92M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-57.86M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.78M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.30M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.33M	USD	1 Quarter
Additions to fixed assets and capitalized software	`PaymentsToAcquireProductiveAssets`	$4.00M	USD	1 Quarter
Additions to fixed assets and capitalized software	`PaymentsToAcquireProductiveAssets`	$3.67M	USD	1 Quarter
Acquisition of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.00M	USD	1 Quarter
Acquisition of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$174.19M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.00M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-177.86M	USD	1 Quarter
Proceeds from ABL Facility	`ProceedsFromLongTermLinesOfCredit`	$249.94M	USD	1 Quarter
Proceeds from ABL Facility	`ProceedsFromLongTermLinesOfCredit`	$302.37M	USD	1 Quarter
Payments of ABL Facility	`RepaymentsOfLongTermLinesOfCredit`	$285.49M	USD	1 Quarter
Payments of ABL Facility	`RepaymentsOfLongTermLinesOfCredit`	$279.33M	USD	1 Quarter
Proceeds from exercises of stock options and stock warrants	`ProceedsFromStockOptionsAndWarrantsExercised`	$839.00K	USD	1 Quarter
Proceeds from exercises of stock options and stock warrants	`ProceedsFromStockOptionsAndWarrantsExercised`	$1.56M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.60M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$191.80M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.39M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$541.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-707.00K	USD	1 Quarter
Increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.25M	USD	1 Quarter
Increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$27.43M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.56M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.81M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.56M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.84M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.81M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.41M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$11.97M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$17.29M	USD	1 Quarter
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$15.75M	USD	1 Quarter
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$15.42M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$356.44M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$229.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$196.78M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$314.71M	USD	Point-in-time
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-3.09M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$839.00K	USD	1 Quarter
Exercise of stock warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$5.00K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.97M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.51M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$356.44M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$229.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$196.78M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$314.71M	USD	Point-in-time

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