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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenue $ 187,487   $ 128,657   $ 357,872 $ 218,515
Operating expenses 55,196   36,434   106,259 66,926
Selling, general and administrative expenses 40,152   26,229   81,787 54,672
Depreciation, amortization and (gain) loss on disposal of assets, net 34,939   27,012   70,846 55,277
Total costs and expenses 142,326   97,151   280,705 185,258
Income (loss) from operations 45,161   31,506   77,167 33,257
Interest expense, net 14,485   11,680   28,764 20,844
Change in fair value of private placement warrants (6,600)   8,067   (2,866) 10,134
Tax receivable agreement liability adjustment (965)   1,661   (965) 1,661
Loss on extinguishment of debt 0   0   0 5,334
Other income, net (4,039)   (2,798)   (6,905) (5,811)
Total other (income) expenses 2,881   18,610   18,028 32,162
Income (loss) before income taxes 42,280   12,896   59,139 1,095
Income tax provision 12,639   8,904   19,458 6,018
Net income (loss) 29,641 $ 10,040 3,992 $ (8,915) 39,681 (4,923)
Other comprehensive (loss) income:            
Change in foreign currency translation adjustment (10,381)   351   (7,673) 161
Total comprehensive income (loss) $ 19,260   $ 4,343   $ 32,008 $ (4,762)
Net income (loss) per share:            
Basic $ 0.19   $ 0.02   $ 0.26 $ (0.03)
Diluted $ 0.15   $ 0.02   $ 0.23 $ (0.03)
Weighted average shares outstanding:            
Basic 154,694   162,378   155,408 162,338
Diluted 160,344   166,028   161,507 162,338
Service Revenue            
Total revenue $ 174,502   $ 116,426   $ 335,636 $ 206,189
Cost of revenue 3,713   1,332   7,492 2,212
Product Sales            
Total revenue 12,985   12,231   22,236 12,326
Cost of revenue $ 8,326   $ 6,144   $ 14,321 $ 6,171