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Unaudited Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Earnings
Cumulative Effect, Period of Adoption, Adjustment
Total Target Hospitality Corp. Stockholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock in Treasury
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid In Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Total Target Hospitality Corp. Stockholders' Equity
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock in Treasury
Additional Paid In Capital
Accumulated Other Comprehensive Loss
Accumulated Earnings
Total Target Hospitality Corp. Stockholders' Equity
Noncontrolling Interest
Total
Beginning Balances at Dec. 31, 2022 $ (268) $ (268) $ (268) $ 10 $ (23,559) $ 139,287 $ (2,574) $ 87,415 $ 200,579 $ 200,579 $ 10 $ (23,559) $ 139,287 $ (2,574) $ 87,683 $ 200,847   $ 200,847
Beginning Balances (in shares) at Dec. 31, 2022       100,316,701 9,430,665           100,316,701 9,430,665            
Net income                             43,825 43,825   43,825
Stock-based compensation, net                         2,112     2,112   2,112
Stock-based compensation, net (in shares)                     643,662              
Tax withholdings related to net share settlement of equity awards                         (6,177)     (6,177)   (6,177)
Cumulative translation adjustment                           (21)   (21)   (21)
Issuance of Common Stock from exercise of warrants                         42     42   42
Issuance of Common Stock from exercise of warrants (in shares)                     2,869              
Issuance of Common Stock from exercise of stock options                         1,252     1,252   1,252
Issuance of Common Stock from exercise of stock options (in shares)                     410,226              
Ending Balances at Mar. 31, 2023                     $ 10 $ (23,559) 136,516 (2,595) 131,240 241,612   241,612
Ending Balances (in shares) at Mar. 31, 2023                     101,373,458 9,430,665            
Beginning Balances at Dec. 31, 2022 $ (268) $ (268) $ (268) $ 10 $ (23,559) $ 139,287 $ (2,574) $ 87,415 $ 200,579 $ 200,579 $ 10 $ (23,559) 139,287 (2,574) 87,683 200,847   200,847
Beginning Balances (in shares) at Dec. 31, 2022       100,316,701 9,430,665           100,316,701 9,430,665            
Net income                                   135,857
Cumulative translation adjustment                                   (47)
Ending Balances at Sep. 30, 2023                     $ 10 $ (23,559) 141,169 (2,621) 223,272 338,271   338,271
Ending Balances (in shares) at Sep. 30, 2023                     101,660,601 9,430,665            
Beginning Balances at Mar. 31, 2023                     $ 10 $ (23,559) 136,516 (2,595) 131,240 241,612   241,612
Beginning Balances (in shares) at Mar. 31, 2023                     101,373,458 9,430,665            
Net income                             46,453 46,453   46,453
Stock-based compensation, net                         2,337     2,337   2,337
Stock-based compensation, net (in shares)                     207,288              
Tax withholdings related to net share settlement of equity awards                         (241)     (241)   (241)
Cumulative translation adjustment                           (5)   (5)   (5)
Issuance of Common Stock from exercise of warrants                         167     167   167
Issuance of Common Stock from exercise of warrants (in shares)                     14,500              
Ending Balances at Jun. 30, 2023                     $ 10 $ (23,559) 138,779 (2,600) 177,693 290,323   290,323
Ending Balances (in shares) at Jun. 30, 2023                     101,595,246 9,430,665            
Net income                             45,579 45,579   45,579
Stock-based compensation, net                         2,646     2,646   2,646
Stock-based compensation, net (in shares)                     19,967              
Tax withholdings related to net share settlement of equity awards                         (400)     (400)   (400)
Cumulative translation adjustment                           (21)   (21)   (21)
Issuance of Common Stock from exercise of warrants                         144     144   144
Issuance of Common Stock from exercise of warrants (in shares)                     45,388              
Ending Balances at Sep. 30, 2023                     $ 10 $ (23,559) 141,169 (2,621) 223,272 338,271   338,271
Ending Balances (in shares) at Sep. 30, 2023                     101,660,601 9,430,665            
Beginning Balances at Dec. 31, 2023                     $ 10 $ (23,559) 142,379 (2,638) 261,115 377,307   $ 377,307
Beginning Balances (in shares) at Dec. 31, 2023                     101,660,601 9,430,665           9,430,665
Net income                             20,383 20,383   $ 20,383
Stock-based compensation, net                         1,579     1,579   1,579
Stock-based compensation, net (in shares)                     658,659              
Tax withholdings related to net share settlement of equity awards                         (2,615)     (2,615)   (2,615)
Cumulative translation adjustment                           (20)   (20)   (20)
Issuance of Common Stock from exercise of warrants                         3     3   3
Issuance of Common Stock from exercise of warrants (in shares)                     1,079              
Issuance of Common Stock from exercise of stock options                         268     268   268
Issuance of Common Stock from exercise of stock options (in shares)                     59,524              
Repurchase of Common Stock as part of share repurchase program                       $ (21,371)       (21,371)   (21,371)
Repurchase of Common Stock as part of share repurchase program (in shares)                     (2,274,440) 2,274,440            
Ending Balances at Mar. 31, 2024                     $ 10 $ (44,930) 141,614 (2,658) 281,498 375,534   375,534
Ending Balances (in shares) at Mar. 31, 2024                     100,105,423 11,705,105            
Beginning Balances at Dec. 31, 2023                     $ 10 $ (23,559) 142,379 (2,638) 261,115 377,307   $ 377,307
Beginning Balances (in shares) at Dec. 31, 2023                     101,660,601 9,430,665           9,430,665
Net income                                   $ 58,863
Cumulative translation adjustment                                   $ (52)
Repurchase of Common Stock as part of share repurchase program (in shares)                                   (2,424,440)
Ending Balances at Sep. 30, 2024                     $ 10 $ (45,977) 146,379 (2,690) 319,878 417,600 $ 35 $ 417,635
Ending Balances (in shares) at Sep. 30, 2024                     100,303,879 11,855,105           11,855,105
Beginning Balances at Mar. 31, 2024                     $ 10 $ (44,930) 141,614 (2,658) 281,498 375,534   $ 375,534
Beginning Balances (in shares) at Mar. 31, 2024                     100,105,423 11,705,105            
Net income                             18,386 18,386   18,386
Stock-based compensation, net                         1,612     1,612   1,612
Stock-based compensation, net (in shares)                     44,329              
Cumulative translation adjustment                           (20)   (20)   (20)
Issuance of Common Stock from exercise of stock options                         1,546     1,546   1,546
Issuance of Common Stock from exercise of stock options (in shares)                     280,929              
Repurchase of Common Stock as part of share repurchase program                       $ 108       108   108
Ending Balances at Jun. 30, 2024                     $ 10 $ (44,822) 144,772 (2,678) 299,884 397,166   397,166
Ending Balances (in shares) at Jun. 30, 2024                     100,430,681 11,705,105            
Net income                             19,994 19,994 100 20,094
Stock-based compensation, net                         1,618     1,618   1,618
Stock-based compensation, net (in shares)                     15,262              
Tax withholdings related to net share settlement of equity awards                         (47)     (47)   (47)
Cumulative translation adjustment                           (12)   (12)   (12)
Issuance of Common Stock from exercise of warrants                         36     36   36
Issuance of Common Stock from exercise of warrants (in shares)                     7,936              
Distributions                                 (65) (65)
Repurchase of Common Stock as part of share repurchase program                       $ (1,155)       (1,155)   $ (1,155)
Repurchase of Common Stock as part of share repurchase program (in shares)                     (150,000) 150,000           (150,000)
Ending Balances at Sep. 30, 2024                     $ 10 $ (45,977) $ 146,379 $ (2,690) $ 319,878 $ 417,600 $ 35 $ 417,635
Ending Balances (in shares) at Sep. 30, 2024                     100,303,879 11,855,105           11,855,105