XML 42 R22.htm IDEA: XBRL DOCUMENT
v3.21.2

Description of Business and Summary of Significant Accounting Policies (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Description of Business and Summary of Significant Accounting Policies |  |
Schedule of cash, cash equivalents and restricted cash |
|  | March 31, 2021 |  | December 31, 2020
Cash and cash equivalents |  | $ | 222,948 |  | $ | 196,046
Restricted cash - current |  |  | 10,435 |  |  | 11,407
Cash, cash equivalents and restricted cash |  | $ | 233,383 |  | $ | 207,453
|  | December 31, 2020 |  | December 31, 2019
Cash and cash equivalents |  | $ | 196,046 |  | $ | 4,179
Restricted cash - current |  |  | 11,407 |  |  | —
Restricted cash - non-current |  |  | — |  |  | 3,000
Cash, cash equivalents and restricted cash |  | $ | 207,453 |  | $ | 7,179
Schedule of components of other income (expense), net |
|  | 2021 |  | 2020
Loss on remeasurement of debt (Note 3) |  |  | — |  |  | (454)
Loss on remeasurement of legacy preferred stock warrant liability |  |  | — |  |  | (1,079)
Loss on extinguishment of debt, net |  |  | — |  |  | (247)
Other, net |  |  | 83 |  |  | (94)
|  | $ | 83 |  | $ | (1,874)
|  | 2020 |  |  |
|  | (as restated) |  | 2019
Gain on remeasurement of private warrant liability (Note 3) |  | $ | 2,427 |  | $ | —
Loss on remeasurement of Legacy Porch warrants (Note 3) |  |  | (2,584) |  |  | (2,090)
Transaction costs - recapitalization |  |  | (3,974) |  |  | —
Gain (loss) on extinguishment of debt, net (Note 6) |  |  | 5,748 |  |  | (483)
Loss on remeasurement of debt (Note 3) |  |  | (895) |  |  | (6,159)
Gain on settlement of accounts payable |  |  | 796 |  |  | 735
Other, net |  |  | (274) |  |  | 30
|  | $ | 1,244 |  | $ | (7,967)
Schedule of property plant and equipment useful lives |  |
|  | Estimated Useful Lives
Software and computer equipment |  | 3 years
Furniture, office equipment and other |  | 3 – 5 years
Internally developed software |  | 2 years
Leasehold improvements |  | Shorter of useful life or remaining lease term

X
- Definition Tabular disclosure of Property Plant And Equipment Useful Lives. + References No definition available. + Details
Name: | prch_ScheduleOfPropertyPlantAndEquipmentUsefulLivesTableTextBlock
Namespace Prefix: | prch_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration