XML 22 R79.htm IDEA: XBRL DOCUMENT v3.20.1
Income Taxes (Details Textual) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Taxes (Textual)    
Tax receivable agreement, percentage 80.00%  
Net deferred tax assets $ 300  
Federal net operating loss carryforwards $ 3,800  
Estimated future cash tax savings percent, description As noncontrolling interest holders exercise their right to exchange or cause Purple LLC to redeem all or a portion of its Class B Units, a liability under the Tax Receivable Agreement (a "TRA Liability") may be recorded based on 80% of the estimated future cash tax savings that the Company may realize as a result of increases in the basis of the assets of Purple LLC attributed to the Company as a result of such exchange or redemption.  
Tax receivable agreement, description (i) any tax basis increases in the assets of Purple LLC resulting from the distribution to InnoHold of the cash consideration, (ii) the tax basis increases in the assets of Purple LLC resulting from the redemption by Purple LLC or the exchange by the Company, as applicable, of Class B Paired Securities or cash, as applicable, and (iii) imputed interest deemed to be paid by the Company as a result of, and additional tax basis arising from, payments it makes under the Tax Receivable Agreement.  
Loss before income taxes expense $ (11,979) $ (19,614)
Additional valuation allowance $ 26,200  
Purple LLC [Member]    
Income Taxes (Textual)    
Deferred tax assets and related valuation allowance   $ 6,900
InnoHold [Member]    
Income Taxes (Textual)    
Tax receivable agreement, percentage 80.00%  
Tax Receivable Agreement [Member]    
Income Taxes (Textual)    
Tax receivable agreement, description As a result of exchanges of Class B Units for Class A Stock, the Company generated deferred tax assets of approximately $24.6 million during the year ended December 31, 2019, which was fully offset by a valuation allowance such that no net deferred tax asset was recorded. The potential future TRA liability for life to date exchanges is $34.8 million, which has not been recorded due to the valuation allowance on the deferred tax assets, with the exception of $0.5 million. In the current year, Purple, Inc. realized cash tax benefits under the Tax Receivable Agreement. As such, the Company has recorded a TRA Liability of $0.5 million.  
TRA Liability $ 500