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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of impact to the financial statements
   Three Months Ended March 31, 2017 
(In thousands, except per share amounts)  As Previously Reported   Adjustment   As Revised 
Cost of revenues  $15,830   $96   $15,926 
Gross profit   14,294    (96)   14,198 
Operating loss   (1,986)   (96)   (2,082)
Net loss  $(1,980)  $(96)  $(2,076)
Net loss attributable to Purple Innovation, Inc.  $(1,980)  $(96)  $(2,076)
Net loss per common share - basic and diluted  $(0.24)  $(0.01)  $(0.25)

 

   Three Months Ended June 30, 2017   Six Months Ended June 30, 2017 
(In thousands, except per share amounts)  As Previously Reported   Adjustment   As Revised   As Previously Reported   Adjustment   As Revised 
Cost of revenues  $26,512   $361   $26,873   $42,342   $457   $42,799 
Gross profit   21,173    (361)   20,812    35,467    (457)   35,010 
Operating income   3,637    (361)   3,276    1,651    (457)   1,194 
Net income  $3,631   $(361)  $3,270   $1,651   $(457)  $1,194 
Net income attributable to Purple Innovation, Inc.  $3,631   $(361)  $3,270   $1,651   $(457)  $1,194 
Net income per common share - basic and diluted  $0.43   $(0.04)  $0.39   $0.20   $(0.05)  $0.15 

 

   Three Months Ended September 30, 2017   Nine Months Ended September 30, 2017 
(In thousands, except per share amounts)  As Previously Reported   Adjustment   As Revised   As Previously Reported   Adjustment   As Revised 
Cost of revenues  $31,562   $365   $31,927   $73,904   $822   $74,726 
Gross profit   24,449    (365)   24,084    59,916    (822)   59,094 
Operating loss   (5,082)   (365)   (5,447)   (3,431)   (822)   (4,253)
Net loss  $(5,084)  $(365)  $(5,449)  $(3,433)  $(822)  $(4,255)
Net loss attributable to Purple Innovation, Inc.  $(5,084)  $(365)  $(5,449)  $(3,433)  $(822)  $(4,255)
Net loss per common share - basic and diluted  $(0.61)  $(0.04)  $(0.65)  $(0.41)  $(0.10)  $(0.51)

 

   As of and for the Year Ended
December 31, 2017
 
(In thousands, except per share amounts)  As Previously Reported   Adjustment(1)   As Revised 
Inventory, net  $15,799   $(2,454)  $13,345 
Prepaid inventory   2,219    (923)   1,296 
Total assets   41,038    (3,377)   37,661 
Member deficit   (10,542)   (3,377)   (13,919)
Total liabilities and equity   41,038    (3,377)   37,661 
Cost of revenues   108,464    3,377    111,841 
Gross profit   88,395    (3,377)   85,018 
Operating loss   (5,370)   (3,377)   (8,747)
Net loss  $(5,442)  $(3,377)  $(8,819)
Net loss attributable to Purple Innovation, Inc.  $(5,442)  $(3,377)  $(8,819)
Net loss per common share - basic and diluted  $(0.65)  $(0.40)  $(1.05)

 

(1) Includes adjustment previously reported

 

   Three Months Ended March 31, 2018 
(In thousands, except per share amounts)  As Previously Reported   Adjustment   As Revised 
Revenue  $60,980   $(212)  $60,768 
Cost of revenues   34,580    373    34,953 
Gross profit   26,400    (585)   25,815 
General and administrative   6,762    91    6,853 
Operating loss   (2,918)   (676)   (3,594)
Net loss  $(3,601)  $(676)  $(4,277)
Net loss attributable to noncontrolling interest  $(2,173)  $(554)  $(2,727)
Net loss attributable to Purple Innovation, Inc.  $(1,428)  $(122)  $(1,550)
Net loss per common share - basic and diluted  $(0.17)  $(0.01)  $(0.18)

 

   Three Months Ended June 30, 2018   Six Months Ended June 30, 2018 
(In thousands, except per share amounts)  As Previously Reported   Adjustment   As Revised   As Previously Reported   Adjustment   As Revised 
Revenue  $75,397   $363   $75,760   $136,377   $151   $136,528 
Cost of revenues   42,358    1,580    43,938    76,398    1,953    78,351 
Gross profit   33,039    (1,217)   31,822    59,439    (1,802)   57,637 
General and administrative   5,213        5,213    11,975    91    12,066 
Operating loss   (3,452)   (1,217)   (4,669)   (6,370)   (1,893)   (8,263)
Net loss  $(4,341)  $(1,217)  $(5,558)  $(7,942)  $(1,893)  $(9,835)
Net loss attributable to noncontrolling interest  $(3,556)  $(998)  $(4,554)  $(5,729)  $(1,552)  $(7,281)
Net loss attributable to Purple Innovation, Inc.  $(785)  $(219)  $(1,004)  $(2,213)  $(341)  $(2,554)
Net loss per common share - basic and diluted  $(0.09)  $(0.03)  $(0.12)  $(0.26)  $(0.04)  $(0.30)