XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.23.3

REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS |
Schedule of impact of restatement on financial statements | Revised Consolidated Balance Sheet ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2022
​ | ​ | As Previously | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Reported |  | Adjustments |  | Other Adjustments |  | As Revised
​ | ​ | (In thousands)
ASSETS |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
CURRENT ASSETS: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Restricted cash | ​ | $ | 19,975 | ​ | $ | 6,500 | ​ | $ | — |  | $ | 26,475
Trade accounts receivable, net of allowance for doubtful accounts of $9,223 | ​ | ​ | 143,264 | ​ | ​ | — | ​ | ​ | (1,219) |  | ​ | 142,045
Other current assets | ​ |  | 8,372 | ​ |  | 378 | ​ |  | — |  |  | 8,750
Total current assets | ​ |  | 289,747 | ​ |  | 6,878 | ​ |  | (1,219) |  |  | 295,406
PROPERTY AND EQUIPMENT, net | ​ |  | 27,758 | ​ |  | 500 | ​ |  | — |  |  | 28,258
Total assets | ​ | $ | 1,338,487 | ​ | $ | 7,378 | ​ | $ | (1,219) |  | $ | 1,344,646
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |  | ​
CURRENT LIABILITIES: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |  | ​
Accounts payable | ​ | $ | 18,003 | ​ | $ | — | ​ | $ | (807) |  | $ | 17,196
Other current liabilities | ​ |  | 36,320 | ​ |  | 3,362 | ​ |  | — |  |  | 39,682
Total current liabilities | ​ |  | 130,263 | ​ |  | 3,362 | ​ | ​ | (807) |  |  | 132,818
OTHER LONG-TERM LIABILITIES | ​ |  | 34,540 | ​ |  | 858 | ​ |  | (542) |  |  | 34,856
DEFERRED TAX LIABILITIES, net | ​ |  | 39,704 | ​ |  | (214) | ​ |  | (101) |  |  | 39,389
Total liabilities | ​ |  | 979,417 | ​ |  | 4,006 | ​ |  | (1,450) |  |  | 981,973
REDEEMABLE NONCONTROLLING INTERESTS | ​ |  | 25,298 | ​ |  | 6,625 | ​ |  | — |  |  | 31,923
STOCKHOLDERS’ EQUITY: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​
Accumulated deficit | ​ |  | (732,988) | ​ |  | (3,253) | ​ |  | 231 |  | ​ | (736,010)
Total stockholders’ equity | ​ |  | 333,772 | ​ |  | (3,253) | ​ |  | 231 |  | ​ | 330,750
Total liabilities, redeemable noncontrolling interests and equity | ​ | $ | 1,338,487 | ​ | $ | 7,378 | ​ | $ | (1,219) |  | $ | 1,344,646
​ ​ Revised Consolidated Statement of Operations
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022
​ | ​ | As Previously | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​
​ |  | Reported | ​ | Adjustments | ​ | Adjustments |  | As Revised
​ | ​ | (In thousands, except per share data)
OPERATING EXPENSES: |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Selling, general and administrative, including stock-based compensation of $239 respectively | ​ | $ | 160,230 | ​ | $ | — | ​ | $ | 412 | ​ | $ | 160,642
Corporate selling, general and administrative, including stock-based compensation of $9,666 ​ | ​ | ​ | 56,334 | ​ | ​ | 3,728 | ​ | ​ | (542) | ​ | ​ | 59,520
Total operating expenses | ​ | ​ | 389,917 | ​ | ​ | 3,728 | ​ | ​ | (130) | ​ | ​ | 393,515
Operating income (loss) | ​ | ​ | 94,687 | ​ | ​ | (3,728) | ​ | ​ | 130 | ​ | ​ | 91,089
Income (loss) before provision for (benefit from) income taxes and noncontrolling interests in income of subsidiaries | ​ | ​ | 56,676 | ​ | ​ | (3,728) | ​ | ​ | 130 | ​ | ​ | 53,078
PROVISION FOR (BENEFIT FROM) INCOME TAXES | ​ | ​ | 16,721 | ​ | ​ | (202) | ​ | ​ | (101) | ​ | ​ | 16,418
NET INCOME (LOSS) | ​ | ​ | 39,955 | ​ | ​ | (3,526) | ​ | ​ | 231 | ​ | ​ | 36,660
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | ​ | ​ | 2,626 | ​ | ​ | (309) | ​ | ​ | — | ​ | ​ | 2,317
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS | ​ | $ | 37,329 | ​ | $ | (3,217) | ​ | $ | 231 | ​ | $ | 34,343
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) attributable to common stockholders | ​ | $ | 0.76 | ​ | $ | (0.06) | ​ | $ | — | ​ | $ | 0.70
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) attributable to common stockholders | ​ | $ | 0.72 | ​ | $ | (0.06) | ​ | $ | — | ​ | $ | 0.66
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ Revised Consolidated Statement of Comprehensive Income
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, 2022
​ | ​ | As Previously | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​
​ |  | Reported | ​ | Adjustments | ​ | Adjustments |  | As Revised
​ | ​ | (In thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
COMPREHENSIVE INCOME (LOSS) | ​ | $ | 58,232 | ​ | $ | (3,526) | ​ | $ | 231 | ​ | $ | 54,937
LESS: COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | ​ |  | 2,626 | ​ |  | (309) | ​ |  | — | ​ | ​ | 2,317
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS | ​ | $ | 55,606 | ​ | $ | (3,217) | ​ | $ | 231 | ​ | $ | 52,620
​ Revised Consolidated Statement of Changes in Stockholders’ Equity ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | As Previously Reported
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Convertible | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Other | ​ | ​ | Additional | ​ | ​ | ​ | ​ | ​ | Total
​ | ​ | ​ | Preferred | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Comprehensive | ​ | ​ | Paid-In | ​ | ​ | Accumulated | ​ | ​ | Stockholders’
For the year ended December 31, 2022 |  | ​ | Stock |  | ​ | Class A |  | ​ | Class B |  | ​ | Class C |  | ​ | Class D |  | ​ | Income |  | ​ | Capital |  | ​ | Deficit |  | ​ | Equity
BALANCE, as of December 31, 2021 | ​ | $ | — | ​ | $ | 9 | ​ | $ | 3 | ​ | $ | 2 | ​ | $ | 37 | ​ | $ | 54,950 | ​ | $ | 1,018,996 | ​ | $ | (770,317) | ​ | $ | 303,680
Net income | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 37,329 | ​ | ​ | 37,329
Stock-based compensation expense | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 6,593 | ​ | ​ | — | ​ | ​ | 6,595
Repurchase of 5,124,671 shares of Class D common stock | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4) | ​ | ​ | — | ​ | ​ | (26,539) | ​ | ​ | — | ​ | ​ | (26,543)
Exercise of options for 60,240 shares of Class D common stock | ​ |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — | ​ |  | 50 |  |  | — | ​ |  | 50
Other comprehensive income, net of tax | ​ | ​ | — |  | ​ | — |  | ​ | — |  | ​ | — |  | ​ | — |  | ​ | 18,277 | ​ | ​ | — |  | ​ | — | ​ | ​ | 18,277
Adjustment of redeemable noncontrolling interests to estimated redemption value | ​ |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — | ​ |  | (5,616) |  |  | — | ​ |  | (5,616)
BALANCE, as of December 31, 2022 | ​ | $ | — | ​ | $ | 10 | ​ | $ | 3 | ​ | $ | 2 | ​ | $ | 34 | ​ | $ | 73,227 | ​ | $ | 993,484 | ​ | $ | (732,988) | ​ | $ | 333,772
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Adjustments and Other Adjustments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Convertible | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Other | ​ | ​ | Additional | ​ | ​ | ​ | ​ | ​ | Total
​ | ​ | ​ | Preferred | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Comprehensive | ​ | ​ | Paid-In | ​ | ​ | Accumulated | ​ | ​ | Stockholders’
For the year ended December 31, 2022 |  | ​ | Stock |  | ​ | Class A |  | ​ | Class B |  | ​ | Class C |  | ​ | Class D |  | ​ | Income |  | ​ | Capital |  | ​ | Deficit |  | ​ | Equity
BALANCE, as of December 31, 2021 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | (36) | ​ | $ | (36)
Net (loss) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2,986) | ​ | ​ | (2,986)
Total Adjustments | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | (3,022) | ​ | $ | (3,022)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | As Revised | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Convertible | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Common | ​ | ​ | Other | ​ | ​ | Additional | ​ | ​ | ​ | ​ | ​ | Total
​ | ​ | ​ | Preferred | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Stock | ​ | ​ | Comprehensive | ​ | ​ | Paid-In | ​ | ​ | Accumulated | ​ | ​ | Stockholders'
For the year ended December 31, 2022 |  | ​ | Stock |  | ​ | Class A |  | ​ | Class B |  | ​ | Class C |  | ​ | Class D |  | ​ | Income |  | ​ | Capital |  | ​ | Deficit |  | ​ | Equity
BALANCE, as of December 31, 2021 | ​ | $ | — | ​ | $ | 9 | ​ | $ | 3 | ​ | $ | 2 | ​ | $ | 37 | ​ | $ | 54,950 | ​ | $ | 1,018,996 | ​ | $ | (770,353) | ​ | $ | 303,644
Net income (loss) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 34,343 | ​ | ​ | 34,343
Stock-based compensation expense | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 6,593 | ​ | ​ | — | ​ | ​ | 6,595
Repurchase of 5,124,671 shares of Class D common stock | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (4) | ​ | ​ | — | ​ | ​ | (26,539) | ​ | ​ | — | ​ | ​ | (26,543)
Exercise of options for 60,240 shares of Class D common stock |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 50
Adjustment of redeemable noncontrolling interests to estimated redemption value |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,616) |  |  | — |  |  | (5,616)
Other comprehensive income, net of tax |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18,277 |  |  | — |  |  | — |  |  | 18,277
BALANCE, as of December 31, 2022 | ​ | $ | — | ​ | $ | 10 | ​ | $ | 3 | ​ | $ | 2 | ​ | $ | 34 | ​ | $ | 73,227 | ​ | $ | 993,484 | ​ | $ | (736,010) | ​ | $ | 330,750
​ Revised Consolidated Statement of Cash Flows
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022
​ | ​ | As | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Previously | ​ | ​ | ​ | ​ | Other | ​ | As
​ |  | Reported |  | Adjustments |  | Adjustments |  | Revised
​ | ​ | (In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ | ​
Net income (loss) | ​ | $ | 39,955 | ​ | $ | (3,526) | ​ | $ | 231 | ​ | $ | 36,660
Adjustments to reconcile net income (loss) to net cash from operating activities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Bad debt expense | ​ |  | 1,425 | ​ |  | — | ​ |  | 412 | ​ |  | 1,837
Deferred income taxes | ​ |  | 14,878 | ​ |  | (202) | ​ |  | (101) | ​ |  | 14,575
Stock-based compensation | ​ |  | 6,595 | ​ |  | 3,317 | ​ |  | — | ​ |  | 9,912
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effect of change in operating assets and liabilities, net of assets acquired: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Trade accounts receivable | ​ |  | (16,930) | ​ |  | — | ​ |  | 807 | ​ |  | (16,123)
Prepaid expenses and other current assets | ​ |  | (6,691) | ​ |  | 40 | ​ |  | — | ​ |  | (6,651)
Accounts payable | ​ |  | 1,111 | ​ |  | — | ​ |  | (807) | ​ |  | 304
Other liabilities | ​ |  | (3,710) | ​ |  | (141) | ​ |  | (542) | ​ |  | (4,393)
Net cash flows provided by (used in) operating activities | ​ |  | 67,060 | ​ |  | (512) | ​ |  | — | ​ |  | 66,548
CASH FLOWS FROM FINANCING ACTIVITIES: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Contributions from noncontrolling interest members of RVAEH | ​ |  | — | ​ |  | 512 | ​ |  | — | ​ |  | 512
Net cash flows provided by (used in) financing activities | ​ |  | (95,216) | ​ |  | 512 | ​ |  | — | ​ |  | (94,704)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period | ​ |  | 152,218 | ​ |  | 6,500 | ​ |  | — | ​ |  | 158,718
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period | ​ | $ | 95,379 | ​ | $ | 6,500 | ​ | $ | — | ​ | $ | 101,879
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

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

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration