XML 35 R26.htm IDEA: XBRL DOCUMENT
v3.22.1

Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Equity [Abstract] |
Schedule of Economic Interests | The Company and affiliates owned the following economic interests in Spark HoldCo at March 31, 2022 and December 31, 2021, respectively.
| The Company | Affiliated Owners
March 31, 2022 | 44.14 | % | 55.86 | %
December 31, 2021 | 44.12 | % | 55.88 | %
Summary of Net Income (Loss) and Income Tax Expense (Benefit) Attributable to Non-controlling Interest | The following table summarizes the portion of net income and income tax expense attributable to non-controlling interest (in thousands):
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Net income (loss) allocated to non-controlling interest | $ | 19,347 |  |  | $ | (18,321) |  |  |  |  |
Income tax expense allocated to non-controlling interest | 1,295 |  |  | 1,608 |  |  |  |  |
Net income (loss) attributable to non-controlling interest | $ | 18,052 |  |  | $ | (19,929) |  |  |  |  |
Schedule of Computation of Basic and Diluted Income (Loss) Per Share | The following table presents the computation of basic and diluted income per share for the three months ended March 31, 2022 and 2021 (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2022 | 2021 |  |  |  |
Net income (loss) attributable to Via Renewables, Inc. stockholders | $ | 12,973 |  | $ | (7,631) |  |  |  |  |
Less: Dividend on Series A Preferred Stock | 1,951 |  | 1,951 |  |  |  |  |
Net income (loss) attributable to stockholders of Class A common stock | $ | 11,022 |  | $ | (9,582) |  |  |  |  |
Basic weighted average Class A common shares outstanding | 15,656 |  | 14,627 |  |  |  |  |
Basic income (loss) per share attributable to stockholders | $ | 0.70 |  | $ | (0.66) |  |  |  |  |
Net income (loss) attributable to stockholders of Class A common stock | $ | 11,022 |  | $ | (9,582) |  |  |  |  |
Effect of conversion of Class B common stock to shares of Class A common stock | — |  | — |  |  |  |  |
Diluted net income (loss) attributable to stockholders of Class A common stock | $ | 11,022 |  | $ | (9,582) |  |  |  |  |
Basic weighted average Class A common shares outstanding | 15,656 |  | 14,627 |  |  |  |  |
Effect of dilutive Class B common stock | — |  | — |  |  |  |  |
Effect of dilutive restricted stock units | 140 |  | — |  |  |  |  |
Diluted weighted average shares outstanding | 15,796 |  | 14,627 |  |  |  |  |
Diluted income (loss) per share attributable to stockholders | $ | 0.70 |  | $ | (0.66) |  |  |  |  |
Schedule of Carrying Amounts and Classification of Assets and Liabilities | The following table includes the carrying amounts and classification of the assets and liabilities of Spark HoldCo that are included in our condensed consolidated balance sheet as of March 31, 2022 and December 31, 2021 (in thousands):
| March 31, 2022 | December 31, 2021
Assets |  |
Current assets: |  |
Cash and cash equivalents | $ | 51,143 |  | $ | 68,703 |
Accounts receivable | 65,491 |  | 66,676 |
Other current assets | 80,148 |  | 56,392 |
Total current assets | 196,782 |  | 191,771 |
Non-current assets: |  |
Goodwill | 120,343 |  | 120,343 |
Other assets | 12,159 |  | 16,758 |
Total non-current assets | 132,502 |  | 137,101 |
Total Assets | $ | 329,284 |  | $ | 328,872 |
Liabilities |  |
Current liabilities: |  |
Accounts payable and accrued liabilities | $ | 52,340 |  | $ | 62,538 |
Other current liabilities | 47,934 |  | 49,328 |
Total current liabilities | 100,274 |  | 111,866 |
Long-term liabilities: |  |
Long-term portion of Senior Credit Facility | 106,000 |  | 135,000 |
Subordinated debt — affiliate | 15,000 |  | — |
Other long-term liabilities | 885 |  | 145 |
Total long-term liabilities | 121,885 |  | 135,145 |
Total Liabilities | $ | 222,159 |  | $ | 247,011 |

X
- Definition Schedule Of Noncontrolling Interest [Table Text Block] + References No definition available. + Details
Name: | spke_ScheduleOfNoncontrollingInterestTableTextBlock
Namespace Prefix: | spke_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of sales of stock or previously unissued stock made by subsidiary or equity method investee to investors outside the consolidated group. This includes stock issued in a business combination in exchange for shares of an acquired entity. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSaleOfStockBySubsidiaryOrEquityMethodInvesteeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5728-111685 + Details
Name: | us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration