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Condensed Financial Information of Registrant (Tables)
 11 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheet
FIRST ADVANTAGE CORPORATION
(PARENT COMPANY ONLY)
CONDENSED BALANCE SHEETS
(in thousands, except share and per share data)
 
 
  
As of December 31,
 
 
  
2019
 
  
2020
 
ASSETS
  
      
  
      
Investment in subsidiaries
  
$
      —    
 
  
$
792,394
 
 
  
 
 
 
  
 
 
 
     
LIABILITIES AND EQUITY
  
      
  
      
 
  
 
 
 
  
 
 
 
Liabilities
  
$
—    
 
  
$
—    
 
 
  
 
 
 
  
 
 
 
EQUITY
  
      
  
      
Common stock—$0.001 par value; 1,000,000,000 shares authorized; 130,000,000 shares issued and outstanding as of December 31, 2020
  
 
—    
 
  
 
130
 
Additional
paid-in-capital
  
 
—    
 
  
 
837,272
 
Accumulated deficit
  
 
—    
 
  
 
(47,492
) 
Accumulated other comprehensive income
  
 
—    
 
  
 
2,484
 
 
  
 
 
 
  
 
 
 
Total equity
  
 
—    
 
  
 
792,394
 
 
  
 
 
 
  
 
 
 
TOTAL LIABILITIES AND EQUITY
  
$
—    
 
  
$
792,394
 
 
  
 
 
 
  
 
 
 
Condensed Statements of Operations and Comprehensive (Loss)
FIRST ADVANTAGE CORPORATION
(PARENT COMPANY ONLY)
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)
(in thousands, except share and per share data)
 
 
  
For the Period
from
November 15,
2019 through
December 31,
2019
 
  
For the Year
Ended
December 31,
2020
 
Equity in net (loss) of subsidiaries
  
$
        —  
 
  
$
(47,492
) 
 
  
 
 
 
  
 
 
 
NET (LOSS)
  
 
—  
 
  
 
(47,492
) 
 
  
 
 
 
  
 
 
 
     
Foreign currency translation adjustments
  
 
—  
 
  
 
2,484
 
 
  
 
 
 
  
 
 
 
COMPREHENSIVE (LOSS)
  
$
—  
 
  
$
(45,008
) 
 
  
 
 
 
  
 
 
 
     
NET (LOSS)
  
$
—  
 
  
$
(47,492
) 
Basic and diluted net (loss) per share
  
$
—  
 
  
$
(0.37
) 
Weighted average number of shares outstanding – basic and diluted
  
 
130,000,000
 
  
 
130,000,000