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Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
Business Segments |
Schedule of Segment Reporting Information | The table below presents information about reported segments for the three and nine months ended September 30 (except for asset information for 2021 that is presented as of December 31): 2022 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | HFS - South | ​ | HFS - Midwest | ​ | Government | ​ | TCPL Keystone | ​ | All Other |  | Total
For the Nine Months Ended September 30, 2022 |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue | ​ | $ | 97,828 | ​ | $ | 4,270 | ​ | $ | 245,013 | ​ | $ | - | ​ | $ | 2,436 | (a) | $ | 349,547
Adjusted gross profit | ​ | $ | 41,162 | ​ | $ | (315) | ​ | $ | 159,523 | ​ | $ | - | ​ | $ | (615) | ​ | $ | 199,755
Total Assets | ​ | $ | 181,640 | ​ | $ | 30,866 | ​ | $ | 201,482 | ​ | $ | 3,007 | ​ | $ | 1,679 | ​ | $ | 418,674
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue | ​ | $ | 33,632 | ​ | $ | 1,860 | ​ | $ | 123,308 | ​ | $ | - | ​ | $ | 765 | (a) | $ | 159,565
Adjusted gross profit | ​ | $ | 13,878 | ​ | $ | 77 | ​ | $ | 80,948 | ​ | $ | - | ​ | $ | (268) | ​ | $ | 94,635
​ 2021 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | HFS - South | ​ | HFS - Midwest | ​ | Government | ​ | TCPL Keystone | ​ | All Other |  | Total
For the Nine Months Ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue | ​ | $ | 84,350 | ​ | $ | 2,593 | ​ | $ | 109,255 | ​ | $ | 12,283 | ​ | $ | 1,166 | (a) | $ | 209,647
Adjusted gross profit | ​ | $ | 38,219 | ​ | $ | (854) | ​ | $ | 66,649 | ​ | $ | 9,140 | ​ | $ | (374) | ​ | $ | 112,780
Total Assets (as of December 31, 2021) | ​ | $ | 206,774 | ​ | $ | 43,504 | ​ | $ | 87,308 | ​ | $ | 3,007 | ​ | $ | 2,412 | ​ | $ | 343,005
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue | ​ | $ | 31,066 | ​ | $ | 1,266 | ​ | $ | 46,428 | ​ | $ | 9,880 | ​ | $ | 529 | (a) | $ | 89,169
Adjusted Gross Profit | ​ | $ | 13,945 | ​ | $ | (56) | ​ | $ | 25,823 | ​ | $ | 8,329 | ​ | $ | (139) | ​ | $ | 47,902
​
| (a) | Revenues from segments below the quantitative thresholds are attributable to three operating segments of the Company and are reported in the “All Other” category previously described.
Schedule of reconciliation of total segment adjusted gross profit | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Nine Months Ended
​ | ​ | September 30, 2022 |  | September 30, 2021 | ​ | September 30, 2022 |  | September 30, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total reportable segment adjusted gross profit | ​ | $ | 94,903 | ​ | $ | 48,041 | ​ | $ | 200,370 | ​ | $ | 113,154
Other adjusted gross profit | ​ |  | (268) | ​ |  | (139) | ​ |  | (615) | ​ |  | (374)
Depreciation and amortization | ​ |  | (15,420) | ​ |  | (18,302) | ​ |  | (47,661) | ​ |  | (52,742)
Selling, general, and administrative expenses | ​ |  | (19,153) | ​ |  | (12,827) | ​ |  | (42,014) | ​ |  | (35,835)
Other expense (income), net | ​ |  | (121) | ​ |  | (91) | ​ |  | 74 | ​ |  | (781)
Interest expense, net | ​ |  | (8,888) | ​ |  | (9,465) | ​ |  | (28,126) | ​ |  | (29,058)
Change in fair value of warrant liabilities | ​ | ​ | (20,000) | ​ | ​ | 1,120 | ​ | ​ | (20,374) | ​ | ​ | (1,600)
Consolidated income (loss) before income taxes | ​ | $ | 31,053 | ​ | $ | 8,337 | ​ | $ | 61,654 | ​ | $ | (7,236)
Schedule of reconciliation of total segment assets to total combined assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2022 | ​ | December 31, 2021
Total reportable segment assets | ​ | $ | 416,995 | ​ | $ | 340,593
Other assets | ​ |  | 3,044 | ​ |  | 3,489
Other unallocated amounts | ​ |  | 309,659 | ​ |  | 169,310
Total Assets | ​ | $ | 729,698 | ​ | $ | 513,392
Schedule of unallocated assets consist of the following as reported in the combined balance sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2022 |  | December 31, 2021
Total current assets | ​ | $ | 227,809 | ​ | $ | 60,536
Other intangible assets, net | ​ |  | 78,406 | ​ |  | 88,485
Deferred tax asset | ​ |  | — | ​ |  | 14,710
Deferred financing costs revolver, net | ​ |  | 1,213 | ​ |  | 2,159
Other non-current assets | ​ |  | 2,231 | ​ |  | 3,420
Total other unallocated amounts of assets | ​ | $ | 309,659 | ​ | $ | 169,310

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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