10-Q Filing

Latham Group, Inc. CIK: 1833197 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-013325`
Period End Date	20220630
Filing Date	20220811
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	swim-20220702x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 72 Cash Flow Statement 82 Stockholders Equity 35 Comprehensive Income 18

Balance Sheet 83 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, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	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`	$25.22M	USD	Point-in-time
Cash	`Cash`	$43.95M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$60.75M	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
Trade receivables, net	`AccountsReceivableNetCurrent`	$104.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	900.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$109.56M	USD	Point-in-time
Inventories, net	`InventoryNet`	$161.92M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	119.45M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	117.55M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.39M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	117.55M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.89M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	119.45M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$229.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$307.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$63.51M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$74.83M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$23.36M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$24.62M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$9.80M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$10.60M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$35.47M	USD	Point-in-time
Goodwill	`Goodwill`	$128.63M	USD	Point-in-time
Goodwill	`Goodwill`	$128.87M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$323.02M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$338.31M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.73M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$765.00K	USD	Point-in-time
Total assets	`Assets`	$794.48M	USD	Point-in-time
Total assets	`Assets`	$909.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.83M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$850.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$900.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.25M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$17.22M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.64M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$59.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$59.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.47M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs and current portion	`LongTermDebtNoncurrentExcludingRelatedPartyDebt`	$310.47M	USD	Point-in-time
Long-term debt, net of discount, debt issuance costs and current portion	`LongTermDebtNoncurrentExcludingRelatedPartyDebt`	$263.19M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$56.34M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$56.34M	USD	Point-in-time
Liability for uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.79M	USD	Point-in-time
Liability for uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.69M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$29.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$453.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$685.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$527.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$440.84M	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 shares authorized as of both July 2, 2022 and December 31, 2021; no shares issued and outstanding as of both July 2, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 100,000,000 shares authorized as of both July 2, 2022 and December 31, 2021; no shares issued and outstanding as of both July 2, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 900,000,000 shares authorized as of July 2, 2022 and December 31, 2021; 117,547,558 and 119,445,611 shares issued and outstanding, as of July 2, 2022 and December 31, 2021, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, $0.0001 par value; 900,000,000 shares authorized as of July 2, 2022 and December 31, 2021; 117,547,558 and 119,445,611 shares issued and outstanding, as of July 2, 2022 and December 31, 2021, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$401.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$431.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.58M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.33M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$370.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$353.64M	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 stockholders' equity	`StockholdersEquity`	$380.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$381.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$320.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$909.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$794.48M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$206.80M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$180.89M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$329.63M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$398.41M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$122.53M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$139.19M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$260.15M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$218.84M	USD	2 Qtrs
Gross profit	`GrossProfit`	$138.26M	USD	2 Qtrs
Gross profit	`GrossProfit`	$67.61M	USD	1 Quarter
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`	$41.80M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$87.03M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$122.46M	USD	2 Qtrs
Underwriting fees related to offering of common stock	`ExpenseRelatedToDistributionOrServicingAndUnderwritingFees`	$11.44M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$14.35M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$7.16M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$11.07M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$5.48M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$18.65M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-22.74M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-42.41M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$25.45M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.57M	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.93M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.46M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-562.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.35M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-917.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$794.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-6.72M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-8.96M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-4.08M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-15.22M	USD	2 Qtrs
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$720.00K	USD	1 Quarter
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$998.00K	USD	2 Qtrs
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$754.00K	USD	1 Quarter
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$1.26M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.75M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.38M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.96M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.29M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.29M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.10M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-45.06M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-53.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.46M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.84M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.49	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.41	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.41	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.49	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	113.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.12M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	113.70M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.70M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.12M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.46M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-45.06M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.27M	USD	2 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$709.00K	USD	2 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$5.70M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$76.97M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$33.35M	USD	2 Qtrs
Underwriting fees related to offering of common stock	`ExpenseRelatedToDistributionOrServicingAndUnderwritingFees`	$11.44M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.46M	USD	2 Qtrs
Other non-cash, net	`OtherNoncashIncomeExpense`	$-1.04M	USD	2 Qtrs
Other non-cash, net	`OtherNoncashIncomeExpense`	$-2.65M	USD	2 Qtrs
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$720.00K	USD	1 Quarter
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$998.00K	USD	2 Qtrs
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$754.00K	USD	1 Quarter
Earnings from equity method investment	`IncomeLossFromEquityMethodInvestments`	$1.26M	USD	2 Qtrs
Distributions received from equity method investment	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	2 Qtrs
Distributions received from equity method investment	`EquityMethodInvestmentDividendsOrDistributions`	$998.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$44.47M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$45.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.46M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$53.18M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-759.00K	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`	$1.35M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$375.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-830.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.01M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.87M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.43M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.55M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$232.00K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$113.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.14M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.09M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.97M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.75M	USD	2 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.00K	USD	2 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00K	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$384.00K	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`	$-17.11M	USD	2 Qtrs
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$320.12M	USD	2 Qtrs
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$172.81M	USD	2 Qtrs
Payments on long-term debt borrowings	`RepaymentsOfMediumTermNotes`	$284.82M	USD	2 Qtrs
Payments on long-term debt borrowings	`RepaymentsOfMediumTermNotes`	$161.28M	USD	2 Qtrs
Proceeds from borrowings on revolving credit facilities	`ProceedsFromBorrowingsOnRevolvingCreditFacility`	$25.00M	USD	2 Qtrs
Proceeds from borrowings on revolving credit facilities	`ProceedsFromBorrowingsOnRevolvingCreditFacility`	$16.00M	USD	2 Qtrs
Payments on revolving credit facilities	`RepaymentsOfRevolvingCreditFacilityBorrowings`	$25.00M	USD	2 Qtrs
Payments on revolving credit facilities	`RepaymentsOfRevolvingCreditFacilityBorrowings`	$16.00M	USD	2 Qtrs
Deferred financing fees paid	`PaymentsOfFinancingCosts`	$1.25M	USD	2 Qtrs
Deferred financing fees paid	`PaymentsOfFinancingCosts`	$6.87M	USD	2 Qtrs
Dividend to Class A unitholders	`PaymentsOfOrdinaryDividends`	$110.03M	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$257.66M	USD	2 Qtrs
Proceeds from initial public offering, net of underwriting discounts, commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$399.26M	USD	2 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$281.64M	USD	2 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$272.66M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.88M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.44M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.97M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$27.00K	USD	2 Qtrs
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.73M	USD	2 Qtrs
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$17.21M	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.22M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.31M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.95M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.52M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.22M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$59.31M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.95M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.52M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$10.27M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$5.08M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$13.35M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$6.75M	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`	$990.00K	USD	2 Qtrs
Capitalized internal-use software included in accounts payable - related party	`CapitalizedInternalUseSoftwareCostsIncurredButNotYetPaid`	$900.00K	USD	2 Qtrs
Capitalized internal-use software included in accounts payable - related party	`CapitalizedInternalUseSoftwareCostsIncurredButNotYetPaid`	$1.35M	USD	2 Qtrs
Right-of-use operating assets obtained in exchange for lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$39.50M	USD	2 Qtrs

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Dividend per share	`CommonStockDividendsPerShareDeclared`	$1.00	USD	1 Quarter
Balance, beginning of period	`StockholdersEquity`	$353.64M	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
Balance, beginning of period	`StockholdersEquity`	$380.10M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$381.91M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$320.07M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-45.06M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-53.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.46M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.84M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.20M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$164.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.92M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.22M	USD	1 Quarter
Net proceeds from initial public offering	`IncreaseInEquityDueToInitialPublicOffering`	$399.26M	USD	1 Quarter
Net proceeds from initial public offering	`IncreaseInEquityDueToInitialPublicOffering`	$399.30M	USD	Point-in-time
Dividend	`Dividends`	$110.03M	USD	1 Quarter
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$269.10M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$15.00M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$257.66M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$64.94M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$216.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.93M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.46M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.43M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$75.51M	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$353.64M	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
Balance, end of period	`StockholdersEquity`	$380.10M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$381.91M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$320.07M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-45.06M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-53.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.46M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.84M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.92M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$164.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.70M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.04M	USD	2 Qtrs
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.92M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$164.00K	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.04M	USD	2 Qtrs
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.70M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-53.43M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.23M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-46.10M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$386.00K	USD	1 Quarter

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