XML 19 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Oct. 14, 2020
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2022
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]                  
Revenue   $ 515,024 $ 419,865 $ 300,586 $ 720,451 $ 1,235,475 $ 1,637,546 $ 853,318 $ 872,662
Cost of revenue   434,801 379,919 273,999 653,918 1,088,719 1,410,270 770,459 669,861
Gross profit   80,223 39,946 26,587 66,533 146,756 227,276 82,859 202,801
Operating expenses                  
General and administrative   38,703 28,936 45,425 74,361 113,064 150,777 80,974 55,634
Contingent consideration   (572) (1,678) (3,731) (5,409) (5,981) (4,507) 2,696 26,441
Depreciation and amortization   24,898 26,020 23,237 49,257 74,155 99,139 23,930 25,514
Total operating expenses   63,029 53,278 64,931 118,209 181,238 245,409 107,600 107,589
Income (loss) from operations   17,194 (13,332) (38,344) (51,676) (34,482) (18,133) (24,741) 95,212
Other income (expense)                  
Other income (expense), net   (399) (371) 743 372 (27) 2,789 (905) (2,305)
Legal settlement   42,750       42,750 42,750 0 0
Foreign currency gain   (159) (1,736) 3,863 2,127 1,968 1,155 0 0
Interest expense   (8,746) (8,021) (6,942) (14,963) (23,709) (33,513) (35,475) (15,129)
Total other income (expense)   33,446 (10,128) (2,336) (12,464) 20,982 13,181 (36,380) (17,434)
Income (loss) before income tax benefit   50,640 (23,460) (40,680) (64,140) (13,500) (4,952) (61,121) 77,778
Income tax (benefit) expense   9,996 (18,436) (14,743) (33,179) (23,183) (9,384) (10,718) 18,705
Net income (loss)   40,644 (5,024) (25,937) (30,961) 9,683 4,432 (50,403) 59,073
Preferred dividends and accretion   12,257 12,182 11,606 23,788 36,045 48,054 15,715 0
Net income (loss) to common shareholders   $ 28,387 $ (17,206) $ (37,543) $ (54,749) $ (26,362) $ (43,622) $ (66,118) $ 59,073
Income (loss) per common share                  
Basic (in dollars per share)   $ 0.19 $ (0.11) $ (0.25) $ (0.37) $ (0.18) $ (0.29) $ (0.51) $ 0.49
Diluted (in dollars per share)   $ 0.19 $ (0.11) $ (0.25) $ (0.37) $ (0.18) $ (0.29) $ (0.51) $ 0.49
Weighted average common shares outstanding                  
Basic (in shares) 119,994,467 150,322,000 150,203,000 148,288,000 149,246,000 149,604,000 149,819,000 129,984,000 121,467,000
Diluted (in shares) 119,994,467 151,382,000 150,203,000 148,288,000 149,246,000 149,604,000 149,819,000 129,984,000 121,514,000