10-Q Filing

Target Hospitality Corp. CIK: 1712189 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-008154`
Period End Date	20190630
Filing Date	20190814
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	th-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 70 Cash Flow Statement 79 Stockholders Equity 28

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$39.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$335.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	380.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	380.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	105.23M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	74.79M	shares	Point-in-time
Common stock, Number of share outstanding	`CommonStockSharesOutstanding`	105.23M	shares	Point-in-time
Common stock, Number of share outstanding	`CommonStockSharesOutstanding`	74.79M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.39M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $335 and $39, respectively	`AccountsReceivableNetCurrent`	$57.11M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $335 and $39, respectively	`AccountsReceivableNetCurrent`	$51.68M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.96M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.44M	USD	Point-in-time
Related party receivable	`DueFromRelatedPartiesCurrent`	$588.00K	USD	Point-in-time
Notes due from affiliates	`DueFromAffiliateCurrent`	$638.00K	USD	Point-in-time
Notes due from officers	`DueFromOfficersOrStockholdersCurrent`	$1.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$66.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$74.99M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$257.00K	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$257.00K	USD	Point-in-time
Specialty rental assets, net	`PropertyPlantAndEquipmentNet`	$293.56M	USD	Point-in-time
Specialty rental assets, net	`PropertyPlantAndEquipmentNet`	$339.30M	USD	Point-in-time
Other property, plant and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$18.88M	USD	Point-in-time
Other property, plant and equipment, net	`PropertyPlantAndEquipmentOtherNet`	$19.37M	USD	Point-in-time
Goodwill	`Goodwill`	$41.17M	USD	Point-in-time
Goodwill	`Goodwill`	$34.18M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$125.33M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$127.38M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$10.92M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$12.42M	USD	Point-in-time
Deferred financing costs revolver, net	`DeferredFinanceCostsNoncurrentNet`	$5.47M	USD	Point-in-time
Deferred financing costs revolver, net	`DeferredFinanceCostsNoncurrentNet`	$2.87M	USD	Point-in-time
Notes due from officers	`DueFromOfficersOrStockholdersNoncurrent`	$500.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$804.00K	USD	Point-in-time
Total assets	`Assets`	$608.73M	USD	Point-in-time
Total assets	`Assets`	$565.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$28.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.30M	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueCurrent`	$17.15M	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueCurrent`	$17.80M	USD	Point-in-time
Current portion of capital lease and other financing obligations (Note 9)	`CapitalLeaseObligationsCurrent`	$570.00K	USD	Point-in-time
Current portion of capital lease and other financing obligations (Note 9)	`CapitalLeaseObligationsCurrent`	$2.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.15M	USD	Point-in-time
Principal amount	`DebtInstrumentCarryingAmount`	$340.00M	USD	Point-in-time
Less: unamortized original issue discount	`DebtInstrumentUnamortizedDiscount`	$3.15M	USD	Point-in-time
Less: unamortized term loan deferred financing costs	`DeferredFinanceCostsNet`	$15.61M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$410.57M	USD	Point-in-time
Long-term capital lease and other financing obligations	`CapitalLeaseObligationsNoncurrent`	$14.00K	USD	Point-in-time
Note due to affiliates	`DueToAffiliateNoncurrent`	$108.05M	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueNoncurrent`	$14.00M	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueNoncurrent`	$19.57M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.61M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.71M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$101.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$472.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$216.04M	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.0001 par, 380,000,000 authorized, 105,232,933 issued and outstanding as of June 30, 2019 and 74,786,327 issued and outstanding as of December 31, 2018.	`CommonStockValue`	$7.00K	USD	Point-in-time
Common Stock, $0.0001 par, 380,000,000 authorized, 105,232,933 issued and outstanding as of June 30, 2019 and 74,786,327 issued and outstanding as of December 31, 2018.	`CommonStockValue`	$10.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$110.34M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$319.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-2.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-2.61M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$31.48M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$28.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$135.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$348.99M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$125.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$24.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$19.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$24.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$565.03M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$608.73M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$45.48M	USD	1 Quarter
Revenue	`Revenues`	$163.34M	USD	2 Qtrs
Revenue	`Revenues`	$81.36M	USD	1 Quarter
Revenue	`Revenues`	$84.12M	USD	2 Qtrs
Depreciation of specialty rental assets	`CostOfGoodsAndServicesSoldDepreciation`	$13.39M	USD	2 Qtrs
Depreciation of specialty rental assets	`CostOfGoodsAndServicesSoldDepreciation`	$19.86M	USD	2 Qtrs
Depreciation of specialty rental assets	`CostOfGoodsAndServicesSoldDepreciation`	$9.96M	USD	1 Quarter
Depreciation of specialty rental assets	`CostOfGoodsAndServicesSoldDepreciation`	$6.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.84M	USD	2 Qtrs
Gross profit	`GrossProfit`	$76.93M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$55.68M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.18M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.93M	USD	1 Quarter
Other depreciation and amortization	`OtherDepreciationAndAmortization`	$7.58M	USD	2 Qtrs
Other depreciation and amortization	`OtherDepreciationAndAmortization`	$3.82M	USD	1 Quarter
Other depreciation and amortization	`OtherDepreciationAndAmortization`	$1.11M	USD	1 Quarter
Other depreciation and amortization	`OtherDepreciationAndAmortization`	$2.40M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	-	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$1.16M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$168.00K	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$7.41M	USD	2 Qtrs
Currency losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-68.00K	USD	1 Quarter
Currency losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-68.00K	USD	2 Qtrs
Other income, net	`OtherOperatingIncomeExpenseNet`	$965.00K	USD	2 Qtrs
Other income, net	`OtherOperatingIncomeExpenseNet`	$161.00K	USD	2 Qtrs
Other income, net	`OtherOperatingIncomeExpenseNet`	$123.00K	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$515.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$10.75M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$13.66M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$11.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.55M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-907.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$9.85M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.62M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$13.88M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$5.67M	USD	1 Quarter
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	2 Qtrs
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.13M	USD	2 Qtrs
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.25M	USD	1 Quarter
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.83M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.27M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$901.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$230.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-3.40M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.42M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$10.58M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-13.98M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-907.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$616.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-291.00K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-144.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-144.00K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-61.00K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$10.44M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.54M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$5.04M	USD	1 Quarter
Weighted average number of shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.69M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.69M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	89.96M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100.22M	shares	1 Quarter
Net Income (loss) per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.11	USD	1 Quarter
Net Income (loss) per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net Income (loss) per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	2 Qtrs
Net Income (loss) per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$230.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-3.40M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$4.42M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$10.58M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-13.98M	USD	1 Quarter
Depreciation	`Depreciation`	$20.39M	USD	2 Qtrs
Depreciation	`Depreciation`	$13.73M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.07M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.05M	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$70.00K	USD	2 Qtrs
Accretion of asset retirement obligation	`AssetRetirementObligationAccretionExpense`	$103.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.25M	USD	2 Qtrs
Amortization of original issue discount	`AmortizationOfDebtDiscountPremium`	$147.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$210.00K	USD	2 Qtrs
Officer loan compensation expense	`OfficerLoanCompensationExpense`	$1.58M	USD	2 Qtrs
Loss (gain) on involuntary conversion	`GainLossOnInvoluntaryConversion`	$-11.00K	USD	2 Qtrs
Loss (gain) on involuntary conversion	`GainLossOnInvoluntaryConversion`	$1.25M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-907.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$564.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.50M	USD	2 Qtrs
Provision for loss on receivables	`ProvisionForDoubtfulAccounts`	$59.00K	USD	2 Qtrs
Provision for loss on receivables	`ProvisionForDoubtfulAccounts`	$296.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.63M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.13M	USD	2 Qtrs
Related party receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$588.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-90.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-522.00K	USD	2 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.05M	USD	2 Qtrs
Accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.20M	USD	2 Qtrs
Deferred revenue and customer deposits	`IncreaseDecreaseInDeferredRevenue`	$-6.90M	USD	2 Qtrs
Deferred revenue and customer deposits	`IncreaseDecreaseInDeferredRevenue`	$-6.22M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$2.04M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$907.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.78M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.04M	USD	2 Qtrs
Purchase of specialty rental assets	`PaymentsToAcquireSpecialtyRentalAssets`	$46.73M	USD	2 Qtrs
Purchase of specialty rental assets	`PaymentsToAcquireSpecialtyRentalAssets`	$43.68M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$127.00K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$469.00K	USD	2 Qtrs
Purchase of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$30.00M	USD	2 Qtrs
Receipt of insurance proceeds	`ProceedsFromInsuranceSettlementInvestingActivities`	$3.02M	USD	2 Qtrs
Receipt of insurance proceeds	`ProceedsFromInsuranceSettlementInvestingActivities`	$362.00K	USD	2 Qtrs
Repayments from affiliates	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$638.00K	USD	2 Qtrs
Repayments from affiliates	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$540.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.59M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.86M	USD	2 Qtrs
Proceeds from borrowings on Senior Secured Notes, net of discount	`ProceedsFromIssuanceOfSecuredDebt`	$336.70M	USD	2 Qtrs
Principal payments on finance and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.89M	USD	2 Qtrs
Principal payments on finance and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$7.20M	USD	2 Qtrs
Principal payments on borrowings from ABL	`RepaymentsOfLongTermLinesOfCredit`	$5.08M	USD	2 Qtrs
Principal payments on borrowings from ABL	`RepaymentsOfLongTermLinesOfCredit`	$27.79M	USD	2 Qtrs
Proceeds from borrowings on ABL	`ProceedsFromLongTermLinesOfCredit`	$77.24M	USD	2 Qtrs
Repayment of affiliate note	`RepaymentsOfRelatedPartyDebt`	$3.76M	USD	2 Qtrs
Contributions from affiliate	`ProceedsFromContributionsFromAffiliates`	$39.11M	USD	2 Qtrs
Recapitalization	`CashReceivedFromRecapitalization`	$218.75M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$19.80M	USD	2 Qtrs
Proceeds from borrowings from capital lease	`ProceedsFromLongTermCapitalLeaseObligations`	$20.23M	USD	2 Qtrs
Receipt from capital lease	`CapitalLeaseLeaseReceipt`	$19.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.95M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.42M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-144.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-294.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.80M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.89M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.53M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.64M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.39M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.19M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.53M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.64M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.39M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.19M	USD	Point-in-time
Non-cash change in accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.01M	USD	2 Qtrs
Non-cash change in accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$2.13M	USD	2 Qtrs
Non-cash contribution from affiliate - forgiveness of affiliate note	`NoncashContributionFromAffiliatesForgivenessOfAffiliateNote`	$104.28M	USD	2 Qtrs
Non-cash change in accrued deferred financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$570.00K	USD	2 Qtrs
Non-cash distribution to PEAC - liability transfer from PEAC, net	`NoncashDistributionToAffiliatesLiabilityTransferFromAffiliateNet`	$-8.84M	USD	2 Qtrs
Non-cash deemed distribution to affiliate	`NoncashDistributionToAffiliatesNotePayableIncurredForTargetAcquisition`	$-312.00K	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning Balances	`StockholdersEquity`	$135.83M	USD	Point-in-time
Beginning Balances	`StockholdersEquity`	$348.99M	USD	Point-in-time
Beginning Balances	`StockholdersEquity`	$125.18M	USD	Point-in-time
Beginning Balances	`StockholdersEquity`	$24.90M	USD	Point-in-time
Beginning Balances	`StockholdersEquity`	$19.80M	USD	Point-in-time
Beginning Balances	`StockholdersEquity`	$24.43M	USD	Point-in-time
Recapitalization transaction	`RecapitalizationTransactionValue`	$314.20M	USD	1 Quarter
Recapitalization transaction - cash paid to Algeco Seller	`AdjustmentToAdditionalPaidInCapitalPaymentsOfDistributionsToAffiliates`	$563.13M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$230.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-3.40M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$4.42M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$10.58M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-13.98M	USD	1 Quarter
Contribution	`CashProceedsFromContributionsFromAffiliates`	$39.11M	USD	1 Quarter
Distribution	`PaymentOfCashDistributionToAffiliates`	$416.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$210.00K	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-907.00K	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$616.00K	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-291.00K	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-144.00K	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-144.00K	USD	2 Qtrs
Ending Balances	`StockholdersEquity`	$135.83M	USD	Point-in-time
Ending Balances	`StockholdersEquity`	$348.99M	USD	Point-in-time
Ending Balances	`StockholdersEquity`	$125.18M	USD	Point-in-time
Ending Balances	`StockholdersEquity`	$24.90M	USD	Point-in-time
Ending Balances	`StockholdersEquity`	$19.80M	USD	Point-in-time
Ending Balances	`StockholdersEquity`	$24.43M	USD	Point-in-time

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