XML 21 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
COMBINED AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Class A
Common Class B
Member's Equity
Total Stockholders' Equity
Common Stock
Common Class A
Common Stock
Common Class B
Preferred Stock
Accumulated Other Comprehensive Income
Additional Paid-In Capital
Retained Earnings (Deficit)
Non-controlling Interest
Equity, beginning of period at Dec. 31, 2013 $ 35,913     $ 35,913         $ 0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Capital contributions from member and liabilities retained by affiliate 54,201     54,201                
Distributions to member (61,607)     (61,607)                
Net income (loss) (21)     (21)                
Equity, end of period at Jul. 31, 2014 28,486     28,486 $ 0 $ 0 $ 0   0 $ 0 $ 0 $ 0
Shares, end of period at Jul. 31, 2014           0 0 0        
Equity, beginning of period at Dec. 31, 2013 35,913     35,913         0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) (54)                      
Issuance of Class B common stock 28,486                      
Consolidated net income (loss) (4,265)                      
Net contribution of the Major Energy Companies 0                      
Equity, end of period at Dec. 31, 2014 24,117       8,659 $ 30 $ 108   0 9,296 (775) 15,458
Shares, end of period at Dec. 31, 2014           3,000,000 10,750,000 0        
Equity, beginning of period at Jul. 31, 2014 28,486     28,486 0 $ 0 $ 0   0 0 0 0
Shares, beginning of period at Jul. 31, 2014           0 0 0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of Class B common stock       (28,486) 28,486   $ 108     28,378    
Issuance of Class B common stock (in shares)             10,750,000          
IPO costs paid (2,667)       (2,667)         (2,667)    
Issuance of Common Stock, net of underwriters discount 50,220       50,220 $ 30       50,190    
Issuance of Common Stock, net of underwriters discount (in shares)   3,000,000 10,750,000     3,000,000            
Distribution of IPO proceeds and payment of note payable to affiliate (47,604)       (47,604)         (47,604)    
Initial allocation of non-controlling interest of Spark Energy, Inc. effective on date of IPO         (22,232)         (22,232)   22,232
Tax benefit from tax receivable agreement 23,636       23,636         23,636    
Liability due to tax receivable agreement (20,915)       (20,915)         (20,915)    
Equity, end of period at Aug. 01, 2014 31,156     $ 0 8,924 $ 30 $ 108   0 8,786 0 22,232
Shares, end of period at Aug. 01, 2014           3,000,000 10,750,000 0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Stock based compensation 510       510         510    
Consolidated net income (loss) (4,244)       (54)           (54) (4,190)
Distributions paid to Class B non-controlling unit holders (2,584)                     (2,584)
Dividends paid to Class A common shareholders (721)       (721)           (721)  
Equity, end of period at Dec. 31, 2014 24,117       8,659 $ 30 $ 108   0 9,296 (775) 15,458
Shares, end of period at Dec. 31, 2014           3,000,000 10,750,000 0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) [1] 3,865                      
Issuance of Class B common stock [2] 0                      
Stock based compensation 2,165       2,165         2,165    
Consolidated net income (loss) 25,975 [1],[2]       3,865           3,865 22,110
Restricted stock unit vesting 187       187 $ 1       186    
Restricted stock unit vesting (in shares)           119,000            
Contribution from NuDevco 129       129         129    
Beneficial conversion feature 789       789         789    
Distributions paid to Class B non-controlling unit holders (15,587)                     (15,587)
Net contribution of the Major Energy Companies [2] 0                      
Dividends paid to Class A common shareholders (4,456)       (4,456)           (4,456)  
Equity, end of period at Dec. 31, 2015 33,319 [3]       11,338 $ 31 $ 108   0 12,565 (1,366) 21,981
Shares, end of period at Dec. 31, 2015           3,119,000 10,750,000 0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) [4] 14,444                      
Issuance of Class B common stock [5] 0                      
Issuance of Common Stock, net of underwriters discount 53,994       27   $ 27         53,967
Issuance of Common Stock, net of underwriters discount (in shares)             2,700,000          
Tax benefit from tax receivable agreement 4,768       4,768         4,768    
Stock based compensation 2,270       2,270         2,270    
Consolidated net income (loss) [6] 65,673 [4],[5]       14,444           14,444 51,229
Foreign currency translation adjustment for equity method investee 41       11       11     30
Restricted stock unit vesting 1,062       1,062 $ 2       1,060    
Restricted stock unit vesting (in shares)           153,000            
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition 186       186         186    
Beneficial conversion feature 243       243         243    
Adjustments to Additional Paid in Capital, Disgorgement of Short-Swing Profit 1,605       1,605         1,605    
Distributions paid to Class B non-controlling unit holders (34,931)                     (34,931)
Net contribution of the Major Energy Companies 3,873 [5]                     3,873
Dividends paid to Class A common shareholders (8,367)       (8,367)           (8,367)  
Exchange of shares of Class B common stock to shares of Class A common stock 0       2,716 $ 32 $ (32)     2,716   (2,716)
Exchange of shares of Class B common stock to shares of Class A common stock (in shares)           3,225,000 (3,225,000)          
Equity, end of period at Dec. 31, 2016 $ 123,736 [3]       $ 30,303 $ 65 $ 103   $ 11 $ 25,413 $ 4,711 $ 93,433
Shares, end of period at Dec. 31, 2016           6,497,000 10,225,000 0        
[1] (2) Financial information has been recast to include results attributable to the acquisition of Oasis Power Holdings LLC from an affiliate on May 12, 2015. See Notes 2 and 3 "Basis of Presentation and Summary of Significant Accounting Policies" and "Acquisitions", respectively, for further discussion.
[2] Financial information has been recast to include results attributable to the acquisition of Oasis Power Holdings LLC by an affiliate on May 12, 2015. See Notes 2 "Basis of Presentation and Summary of Significant Accounting Policies" for further discussion.
[3] See Note 4 "Equity" for disclosure of our variable interest entity in Spark HoldCo, LLC.
[4] Financial information has been recast to include results attributable to the acquisition of Major Energy Companies by an affiliate on April 15, 2016. See Notes 2 and 3 "Basis of Presentation and Summary of Significant Accounting Policies" and "Acquisitions," respectively, for further discussion.
[5] Financial information has been recast to include results attributable to the acquisition of the Major Energy Companies from an affiliate on August 23, 2016. See Notes 2 and 3 "Basis of Presentation and Summary of Significant Accounting Policies" and "Acquisitions," respectively, for further discussion.
[6] Financial information has been recast to include results attributable to the acquisition of Major Energy Companies by an affiliate on April 15, 2016. See Notes 2 and 3 "Basis of Presentation and Summary of Significant Accounting Policies" and "Acquisitions," respectively, for further discussion.