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Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Class A
Class B
Common Stock
Class A
Common Stock
Class B
Additional Paid-In Capital
Retained Earnings (Deficit)
Retained Earnings (Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Non-Controlling Interest
Non-Controlling Interest
Cumulative Effect, Period of Adoption, Adjustment
Common Stock, Shares, Outstanding, beginning at Sep. 30, 2019         14,444,115 12,921,637          
Stockholders' Equity, beginning at Sep. 30, 2019 $ 142,441 $ 1,345     $ 1 $ 1 $ 82,380 $ (2,309) $ 705 $ 62,368 $ 640
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Equity-based compensation 2,124           2,124        
Net (loss) income               (149)      
Net (loss) income attributable to non-controlling interests                   2,083  
Net (loss) income 1,934                    
Exercise of equity-based awards (shares)         53,662            
Exercise of equity-based awards 351           351        
Common Stock, Shares, Outstanding, ending at Dec. 31, 2019         14,497,777 12,921,637          
Stockholders' Equity, ending at Dec. 31, 2019 148,195       $ 1 $ 1 84,855 (1,753)   65,091  
Common Stock, Shares, Outstanding, beginning at Sep. 30, 2019         14,444,115 12,921,637          
Stockholders' Equity, beginning at Sep. 30, 2019 142,441 $ 1,345     $ 1 $ 1 82,380 (2,309) $ 705 62,368 $ 640
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net (loss) income 588   $ 588                
Net (loss) income attributable to non-controlling interests (3,265)   (3,265)                
Net (loss) income 3,853   3,853                
Exercise of equity-based awards (shares)         31,125            
Exercise of equity-based awards 2                    
Equity component of exchangeable notes, net of issuance costs and deferred taxes 27,569                    
Purchases of exchangeable note hedges (28,676)                    
Issuance of warrants 14,669                    
Common Stock, Shares, Outstanding, ending at Mar. 31, 2020         15,038,918 12,411,621          
Stockholders' Equity, ending at Mar. 31, 2020 166,781       $ 1 $ 1 104,122 (1,016)   63,673  
Common Stock, Shares, Outstanding, beginning at Dec. 31, 2019         14,497,777 12,921,637          
Stockholders' Equity, beginning at Dec. 31, 2019 148,195       $ 1 $ 1 84,855 (1,753)   65,091  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Equity-based compensation 2,510           2,510        
Net (loss) income 737   737         737      
Net (loss) income attributable to non-controlling interests (1,182)   (1,182)             1,182  
Net (loss) income 1,919   $ 1,919                
Distributions to non-controlling interest holders (3)                 (3)  
Redemption of common units in i3 Verticals, LLC (shares)         510,016 (510,016)          
Redemption of common units in i3 Verticals, LLC 0           2,597     (2,597)  
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 596           596        
Exercise of equity-based awards             2        
Equity component of exchangeable notes, net of issuance costs and deferred taxes             27,569        
Purchases of exchangeable note hedges             (28,676)        
Issuance of warrants             14,669        
Common Stock, Shares, Outstanding, ending at Mar. 31, 2020         15,038,918 12,411,621          
Stockholders' Equity, ending at Mar. 31, 2020 166,781       $ 1 $ 1 104,122 (1,016)   63,673  
Common Stock, Shares, Outstanding, beginning at Sep. 30, 2020     18,864,143 11,900,621 18,864,143 11,900,621          
Stockholders' Equity, beginning at Sep. 30, 2020 240,168       $ 2 $ 1 157,598 (2,023)   84,590  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Equity-based compensation 3,441           3,441        
Net (loss) income               (2,572)      
Net (loss) income attributable to non-controlling interests                   (1,549)  
Net (loss) income (4,121)                    
Redemption of common units in i3 Verticals, LLC (shares)         1,019,609 (1,019,609)          
Redemption of common units in i3 Verticals, LLC 0           7,185     (7,185)  
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 1,257           1,257        
Exercise of equity-based awards (shares)         121,019            
Exercise of equity-based awards 688           688        
Allocation of equity to non-controlling interests 0           (1,072)     1,072  
Common Stock, Shares, Outstanding, ending at Dec. 31, 2020         20,004,771 10,881,012          
Stockholders' Equity, ending at Dec. 31, 2020 241,433       $ 2 $ 1 169,097 (4,595)   76,928  
Common Stock, Shares, Outstanding, beginning at Sep. 30, 2020     18,864,143 11,900,621 18,864,143 11,900,621          
Stockholders' Equity, beginning at Sep. 30, 2020 240,168       $ 2 $ 1 157,598 (2,023)   84,590  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net (loss) income (2,132)   $ (2,132)                
Net (loss) income attributable to non-controlling interests 2,042   2,042                
Net (loss) income $ (4,174)   $ (4,174)                
Redemption of common units in i3 Verticals, LLC (shares)         1,671,479            
Exercise of equity-based awards (shares) 360,252                    
Common Stock, Shares, Outstanding, ending at Mar. 31, 2021     21,919,300 10,229,142 21,919,300 10,229,142          
Stockholders' Equity, ending at Mar. 31, 2021 $ 281,465       $ 2 $ 1 203,803 (4,155)   81,814  
Common Stock, Shares, Outstanding, beginning at Dec. 31, 2020         20,004,771 10,881,012          
Stockholders' Equity, beginning at Dec. 31, 2020 241,433       $ 2 $ 1 169,097 (4,595)   76,928  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Equity-based compensation 4,142           4,142        
Net (loss) income 440   $ 440         440      
Net (loss) income attributable to non-controlling interests 493   493             (493)  
Net (loss) income (53)   $ (53)                
Redemption of common units in i3 Verticals, LLC (shares)         651,870 (651,870)          
Redemption of common units in i3 Verticals, LLC 0           4,529     (4,529)  
Establishment of liabilities under a tax receivable agreement and related changes to deferred tax assets associated with increases in tax basis 897           897        
Exercise of equity-based awards (shares)         59,745            
Exercise of equity-based awards (199)           (199)        
Allocation of equity to non-controlling interests 0           (9,908)     9,908  
Issuance of Class A common stock under the 2020 Inducement Plan (in shares)         1,202,914            
Issuance of Class A common stock under the 2020 Inducement Plan 35,245           35,245        
Common Stock, Shares, Outstanding, ending at Mar. 31, 2021     21,919,300 10,229,142 21,919,300 10,229,142          
Stockholders' Equity, ending at Mar. 31, 2021 $ 281,465       $ 2 $ 1 $ 203,803 $ (4,155)   $ 81,814