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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' / MEMBERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Class A equity units
Class D equity units
Members' Equity
Members' Equity
Class C
Members' Equity
Class A equity units
Members' Equity
Class D equity units
Common Stock
Common Stock, Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance at Dec. 31, 2018         $ 136,800              
Liquidation preference return           $ (463)            
Net income         4,695              
Ending balance at Mar. 31, 2019         141,032              
Beginning balance at Dec. 31, 2018         136,800              
Net income $ 8,230                      
Ending balance at Jun. 30, 2019         144,096              
Beginning balance at Mar. 31, 2019         141,032              
Liquidation preference return           $ (471)            
Net income 3,535       3,535              
Ending balance at Jun. 30, 2019         144,096              
Beginning balance at Dec. 31, 2019 152,844       152,844              
Cumulative effect of change in accounting principle [1]   $ (96)                   $ (96)
Conversion     $ (92,650) $ (60,194)     $ (92,650) $ (60,194)        
Issuance of common stock 247,740               $ 201 $ 247,539    
Issuance of common stock, shares                 20,087,494      
Stock-based compensation 207                 207    
Net income 2,579                   $ 2,579  
Ending balance at Mar. 31, 2020 250,430               $ 201 247,746 2,483  
Ending balance at Mar. 31, 2020                 20,087,494      
Beginning balance at Dec. 31, 2019 152,844       $ 152,844              
Net income 4,720                      
Ending balance at Jun. 30, 2020 206,027               $ 201 203,685 2,141  
Ending balance at Jun. 30, 2020                 20,087,494      
Beginning balance at Mar. 31, 2020 250,430               $ 201 247,746 2,483  
Beginning balance at Mar. 31, 2020                 20,087,494      
Deemed dividends-convertible preferred stock (48,955)                 (46,472) (2,483)  
Issuance of warrants 2,158                 2,158    
Stock-based compensation 253                 253    
Net income 2,141                   2,141  
Ending balance at Jun. 30, 2020 $ 206,027               $ 201 $ 203,685 $ 2,141  
Ending balance at Jun. 30, 2020                 20,087,494      
[1] Impact due to adoption of ASU 2016-13, "Measurement of Credit Losses on Financial Instruments", and related amendments on January 1, 2020.