XML 182 R121.htm IDEA: XBRL DOCUMENT v3.22.4
Unit and Stock-based Compensation, 2020 Plan (FY) (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 5 Months Ended 7 Months Ended 9 Months Ended 12 Months Ended
Jun. 10, 2020
$ / shares
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2021
USD ($)
$ / shares
Aug. 31, 2020
$ / shares
shares
Jun. 10, 2020
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Sep. 30, 2022
USD ($)
$ / shares
shares
Sep. 30, 2021
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
qtr
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
Aug. 13, 2020
shares
Unit and Stock-based Compensation [Abstract]                        
Unit-based compensation expense | $   $ 9,686 $ 664   $ 343 $ 916 $ 23,353 $ 1,806 $ 2,485   $ 6,780  
2020 Plan [Member] | Series Y Preferred Units [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Number of shares authorized for issuance (in shares) | shares                       1,522,843
Number of shares available for grant (in shares) | shares           1,522,843     1,522,843 1,522,843    
2020 Plan [Member] | Series X Ordinary Units [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Number of shares authorized for issuance (in shares) | shares                       6,522,685
Number of shares available for grant (in shares) | shares           3,998,480     2,780,223 3,998,480    
2020 Plan [Member] | Unit Options [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Award remaining vesting period | qtr                 12      
Unit-based compensation expense | $           $ 414     $ 1,269      
Key Input Assumptions Used in the Black-Scholes Option-Pricing Model [Abstract]                        
Expected life of units (in years) [1]           4 years 7 months 9 days            
Expected unit price volatility [2]           48.20%            
Expected dividend yield           0.00% [3] 0.00% [4] 0.00% [4] 0.00% [3]      
Weighted average grant-date fair value per unit of unit options granted (in dollars per share)           $ 1.8     $ 2.51      
Fair value per common unit (in dollars per share)           $ 4.5       $ 4.5    
Number of Options [Roll Forward]                        
Outstanding, beginning balance (in shares) | shares       0   0 3,442,397 2,524,205 2,524,205      
Granted (in shares) | shares           2,708,025 867,050   1,416,800      
Exercised (in shares) | shares             (240,205)   (300,065)      
Forfeited (in shares) | shares           (183,820) (886,519)   (198,543)      
Outstanding, ending balance (in shares) | shares 0 3,182,723     0 2,524,205 3,182,723   3,442,397 2,524,205    
Weighted Average Exercise Price [Abstract]                        
Outstanding, beginning balance (in dollars per share)       $ 0   $ 0 $ 4.97 $ 4.5 $ 4.5      
Granted (in dollars per share)           4.5 10.37   5.66      
Exercised (in dollars per share)             4.73   4.5      
Forfeited (in dollars per share)           4.5 4.63   4.58      
Outstanding, ending balance (in dollars per share) $ 0 $ 6.56     $ 0 $ 4.5 $ 6.56   $ 4.97 $ 4.5    
Weighted average remaining contractual life                 6 years 1 month 6 days 6 years 7 months 6 days    
Aggregate intrinsic value | $           $ 680     $ 3,159 $ 680    
Exercisable, number of options (in shares) | shares           0     510,686 0    
Exercisable, weighted average exercise price (in dollars per share)           $ 0     $ 4.52 $ 0    
Exercisable, weighted average remaining contractual life                 5 years 8 months 12 days      
Exercisable, aggregate intrinsic value | $           $ 0     $ 699 $ 0    
Intrinsic value of options exercised | $                 417      
Unrecognized compensation expense | $                 $ 6,088      
Weighted-average recognition period                 3 years      
2020 Plan [Member] | Unit Options [Member] | Tranche One [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Award vesting percentage                 25.00%      
2020 Plan [Member] | Unit Options [Member] | Minimum [Member]                        
Key Input Assumptions Used in the Black-Scholes Option-Pricing Model [Abstract]                        
Expected life of units (in years) [1]             4 years 6 months 25 days 4 years 6 months 18 days 4 years 6 months 18 days      
Expected unit price volatility             56.39% [5] 48.20% [5] 48.20% [2]      
Risk free interest rate           0.42% [6] 1.37% [7] 0.32% [7] 0.32% [6]      
Weighted average grant-date fair value per unit of unit options granted (in dollars per share)             $ 2.75 $ 1.8        
Fair value per common unit (in dollars per share)   5.89 $ 4.5       $ 5.89 $ 4.5 $ 4.5      
2020 Plan [Member] | Unit Options [Member] | Maximum [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Award term                 7 years      
Key Input Assumptions Used in the Black-Scholes Option-Pricing Model [Abstract]                        
Expected life of units (in years) [1]             4 years 7 months 9 days 4 years 7 months 9 days 4 years 7 months 9 days      
Expected unit price volatility             60.87% [5] 56.46% [5] 56.46% [2]      
Risk free interest rate           0.56% [6] 3.05% [7] 0.78% [7] 0.98% [6]      
Weighted average grant-date fair value per unit of unit options granted (in dollars per share)             $ 5.81 $ 2.17        
Fair value per common unit (in dollars per share)   $ 11.13 $ 4.98       $ 11.13 $ 4.98 $ 5.89      
2020 Plan [Member] | Restricted Units [Member] | Series Y Preferred Units [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Number of shares authorized for issuance (in shares) | shares                       1,522,843
Unit-based compensation expense | $           $ 192            
Weighted Average Exercise Price [Abstract]                        
Additional unit-based compensation expense | $           133            
Accrued expenses and other current liabilities | $           $ 7,687       $ 7,687    
2020 Plan [Member] | Restricted Units [Member] | Series Y Preferred Units [Member] | Tranche One [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Award vesting percentage 97.50%                      
2020 Plan [Member] | Restricted Units [Member] | Series Y Preferred Units [Member] | Tranche Two [Member]                        
Unit and Stock-based Compensation [Abstract]                        
Award vesting percentage       2.50%                
[1] The expected term for award is determined using the simplified method, which estimates the expected term using the contractual life of the option and the vesting period.
[2] Expected volatility is based on historical volatilities of a publicly traded peer group over a period equivalent to the expected term of the awards
[3] The Successor has not historically and does not expect to pay any cash dividends on its common units in the foreseeable future
[4] Prior to June 10, 2022, the Company has not historically paid cash dividends on its common units. On June 10, 2022, the Company’s Board of Managers approved a special distribution as described in Note 9, and does not expect to pay any normal course cash dividends on its common units in the foreseeable future.
[5] Expected volatility is based on historical volatilities of a publicly traded per group over a period equivalent to the expected term of the awards.
[6] The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards
[7] The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards.