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Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Schedule of Economic Interests | The Company and affiliates owned the following economic interests in Spark HoldCo at September 30, 2022 and December 31, 2021, respectively.
| The Company | Affiliated Owners
September 30, 2022 | 44.45 | % | 55.55 | %
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 September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net (loss) income allocated to non-controlling interest | $ | (3,909) |  |  | $ | 21,959 |  |  | $ | 23,432 |  |  | $ | 18,884 |
Income tax expense allocated to non-controlling interest | 78 |  |  | 2,185 |  |  | 1,451 |  |  | 4,726 |
Net (loss) income attributable to non-controlling interest | $ | (3,987) |  |  | $ | 19,774 |  |  | $ | 21,981 |  |  | $ | 14,158 |
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 and nine months ended September 30, 2022 and 2021 (in thousands, except per share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 | 2021 |  | 2022 | 2021 |
Net (loss) income attributable to Via Renewables, Inc. stockholders | $ | (881) |  | $ | 14,883 |  |  | $ | 16,710 |  | $ | 17,735 |  |
Less: Dividend on Series A Preferred Stock | 2,026 |  | 1,951 |  |  | 5,677 |  | 5,853 |  |
Net (loss) income attributable to stockholders of Class A common stock | $ | (2,907) |  | $ | 12,932 |  |  | $ | 11,033 |  | $ | 11,882 |  |
Basic weighted average Class A common shares outstanding | 15,858 |  | 15,572 |  |  | 15,754 |  | 14,965 |  |
Basic (loss) income per share attributable to stockholders | $ | (0.18) |  | $ | 0.83 |  |  | $ | 0.70 |  | $ | 0.79 |  |
Net (loss) income attributable to stockholders of Class A common stock | $ | (2,907) |  | $ | 12,932 |  |  | $ | 11,033 |  | $ | 11,882 |  |
Diluted net (loss) income attributable to stockholders of Class A common stock | $ | (2,907) |  | $ | 12,932 |  |  | $ | 11,033 |  | $ | 11,882 |  |
Basic weighted average Class A common shares outstanding | 15,858 |  | 15,572 |  |  | 15,754 |  | 14,965 |  |
Effect of dilutive restricted stock units | — |  | 114 |  |  | 109 |  | 134 |  |
Diluted weighted average shares outstanding | 15,858 |  | 15,686 |  |  | 15,863 |  | 15,099 |  |
Diluted (loss) income per share attributable to stockholders | $ | (0.18) |  | $ | 0.82 |  |  | $ | 0.70 |  | $ | 0.79 |  |
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 September 30, 2022 and December 31, 2021 (in thousands):
| September 30, 2022 | December 31, 2021
Assets |  |
Current assets: |  |
Cash and cash equivalents | $ | 39,977 |  | $ | 68,703 |
Accounts receivable | 56,651 |  | 66,676 |
Other current assets | 76,567 |  | 56,392 |
Total current assets | 173,195 |  | 191,771 |
Non-current assets: |  |
Goodwill | 120,343 |  | 120,343 |
Other assets | 14,622 |  | 16,758 |
Total non-current assets | 134,965 |  | 137,101 |
Total Assets | $ | 308,160 |  | $ | 328,872 |
Liabilities |  |
Current liabilities: |  |
Accounts payable and accrued liabilities | $ | 40,230 |  | $ | 62,538 |
Other current liabilities | 47,678 |  | 49,328 |
Total current liabilities | 87,908 |  | 111,866 |
Long-term liabilities: |  |
Long-term portion of Senior Credit Facility | 93,000 |  | 135,000 |
Subordinated debt — affiliate | 20,000 |  | — |
Other long-term liabilities | 5,830 |  | 145 |
Total long-term liabilities | 118,830 |  | 135,145 |
Total Liabilities | $ | 206,738 |  | $ | 247,011 |

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