Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2018	Mar. 13, 2019	Jun. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	VERRA MOBILITY CORP
Entity Central Index Key	0001682745
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 357,382,596
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	VRRM
Entity Common Stock, Shares Outstanding		156,056,642

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 65,048,194	$ 8,724,945
Restricted cash	2,033,186	1,784,665
Accounts receivable, net	87,510,691	60,180,536
Unbilled receivables	12,955,507	4,802,074
Prepaid expenses and other current assets	17,600,270	15,788,912
Total current assets	185,147,848	91,281,132
Installation and service parts, net	9,282,064	9,066,913
Property and equipment, net	69,242,811	65,370,696
Intangible assets, net	514,541,531	203,749,221
Goodwill	564,723,498	294,414,522
Other non-current assets	1,845,443	982,731
Total assets	1,344,783,195	664,865,215
Current liabilities:
Accounts payable	45,188,357	20,158,977
Accrued liabilities	14,443,967	10,086,622
Current portion of long-term debt	9,103,518	3,250,000
Total current liabilities	68,735,842	33,495,599
Long-term debt, net of current portion and deferred financing costs	860,249,164	425,439,034
Other long-term liabilities	3,368,710	2,689,145
Payable related to tax receivable agreement	69,996,334
Asset retirement obligation	6,749,822	6,373,125
Deferred tax liabilities	33,627,191	49,603,691
Total Liabilities	1,042,727,063	517,600,594
Commitments and Contingencies (note 16)
Stockholders' equity
Preferred stock, $.0001 par value, 1,000,000 shares authorized with no shares issued and outstanding as of December 31, 2018 and 2017
Common stock, $.0001 par value, 260,000,000 shares authorized with 156,056,642 and 60,483,804 shares issued and outstanding as of December 31, 2018 and 2017, respectively	15,606	6,048
Common stock contingent consideration	73,150,000
Additional paid-in capital	348,017,132	129,020,351
Retained earnings (accumulated deficit)	(113,306,294)	18,238,222
Accumulated other comprehensive loss	(5,820,312)
Total stockholders' equity	302,056,132	147,264,621
Total liabilities and stockholders' equity	$ 1,344,783,195	$ 664,865,215

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	260,000,000	260,000,000
Common stock, shares issued	156,056,642	60,483,804
Common stock, shares outstanding	156,056,642	60,483,804

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Total revenue		$ 138,238,687	$ 370,145,720
Operating expenses		50,471,055	108,883,622
Selling , general and administrative expenses		44,882,140	136,068,633
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net		33,112,553	103,352,668
Total costs and expenses		131,991,829	357,539,551
Income from operations		6,246,858	12,606,169
Interest expense		20,857,920	69,550,214
Loss on extinguishment of debt			26,486,179
Other income, net		(2,172,261)	(8,794,596)
Total other expense (income)		18,685,659	87,241,797
(Loss) income before income tax (benefit) provision		(12,438,801)	(74,635,628)
Income tax (benefit) provision		(30,677,023)	(16,241,112)
Net (loss) income		18,238,222	(58,394,516)
Other comprehensive income (loss):
Foreign currency translation adjustment			(5,820,312)
Total comprehensive (loss) income		$ 18,238,222	$ (64,214,828)
Earnings (loss) per share:
Basic weighted average shares outstanding		60,483,804	87,320,072
Basic earnings (loss) per share		$ 0.30	$ (0.67)
Diluted weighted average shares outstanding		60,483,804	87,320,072
Diluted earnings (loss) per share		$ 0.30	$ (0.67)
Predecessor
Total revenue	$ 93,871,130			$ 230,749,586
Operating expenses	35,967,664			83,762,399
Selling , general and administrative expenses	40,884,179			53,033,871
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net	12,613,143			33,916,936
Total costs and expenses	91,797,935			182,856,749
Income from operations	2,073,195			47,892,837
Interest expense	875,102			2,706,499
Other income, net	(1,294,299)			(2,470,776)
Total other expense (income)	(419,197)			235,723
(Loss) income before income tax (benefit) provision	2,492,392			47,657,114
Income tax (benefit) provision	1,252,793			18,661,030
Net (loss) income	1,239,599			28,996,084
Other comprehensive income (loss):
Change in interest rate swap valuation, net of taxes				50,255
Total comprehensive (loss) income	$ 1,239,599			$ 29,046,339
Earnings (loss) per share:
Basic earnings (loss) per share	$ (1)			$ (1)
Diluted earnings (loss) per share	$ (1)			$ (1)
Service Revenue
Total revenue		$ 135,655,277	$ 365,075,935
Cost of revenue		1,936,063	5,787,699
Service Revenue \| Predecessor
Total revenue	$ 92,530,939			$ 212,514,712
Cost of revenue	1,369,445			2,638,070
Product Sales
Total revenue		2,583,410	5,069,785
Cost of revenue		$ 1,590,018	$ 3,446,929
Product Sales \| Predecessor
Total revenue	1,340,191			18,234,874
Cost of revenue	$ 963,504			$ 9,505,473

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($)	Total	Common Stock	Treasury Stock	Common Stock Contingent Consideration	Additional Paid-in Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Loss	Series A Preferred Shares	Series B Preferred Shares
Beginning Balance (Predecessor) at Dec. 31, 2015	$ 93,567,177	$ 1,006,260	$ (24,500,000)		$ 1,641,899	$ 12,129,113	$ (50,255)	$ 57,471,453	$ 45,868,707
Beginning Balance (in shares) (Predecessor) at Dec. 31, 2015		87,626,027	13,000,000					46,400,000	23,000,000
Net income \| Predecessor	28,996,084					28,996,084
Dividend paid in cash \| Predecessor	(47,107,808)					(47,107,808)
Other comprehensive income \| Predecessor	50,255						50,255
Ending Balance (Predecessor) at Dec. 31, 2016	75,505,708	$ 1,006,260	$ (24,500,000)		1,641,899	(5,982,611)		$ 57,471,453	$ 45,868,707
Beginning Balance (in shares) (Predecessor) at Dec. 31, 2016		87,626,027	13,000,000					46,400,000	23,000,000
Net income \| Predecessor	1,239,599					1,239,599
Ending Balance (Predecessor) at May. 31, 2017	76,745,307	$ 1,006,260	$ (24,500,000)		1,641,899	(4,743,012)		$ 57,471,453	$ 45,868,707
Beginning Balance (in shares) (Predecessor) at May. 31, 2017		87,626,027	13,000,000					46,400,000	23,000,000
Net income	18,238,222					18,238,222
Ending Balance at Dec. 31, 2017	147,264,621	$ 6,048			129,020,351	18,238,222
Beginning Balance (in shares) at Dec. 31, 2017		60,483,804
Equity contribution	129,026,399	$ 6,048			129,020,351
Equity contribution (in shares)		60,483,804
Net income	(58,394,516)					(58,394,516)
Other comprehensive income	(5,820,312)						(5,820,312)
Ending Balance at Dec. 31, 2018	302,056,132	$ 15,606		$ 73,150,000	348,017,132	(113,306,294)	$ (5,820,312)
Beginning Balance (in shares) at Dec. 31, 2018		156,056,642
Stock issued in exchange for business acquisitions	117,555,632	$ 1,242			117,554,390
Stock issued in exchange for business acquisitions (in shares)		12,419,846
Equity infusion from Gores Holdings	403,293,629	$ 3,968			403,289,661
Equity infusion from Gores Holdings (in shares)		39,674,731
Private placement	400,000,000	$ 4,348			399,995,652
Private placement (in shares)		43,478,261
Gores Holdings rollover equity	(34,481)				(34,481)
Capital contribution from Greenlight	169,258,843				169,258,843
Return of capital to Greenlight Stockholders	(779,270,105)				(779,270,105)
Common stock contingent consideration				$ 73,150,000		$ (73,150,000)
Tax receivable payable to Greenlight Stockholders	(69,996,334)				(69,996,334)
Underwriting Fees	(15,345,000)				(15,345,000)
Transaction costs incurred by Gores	(8,727,719)				(8,727,719)
Stock-based compensation	$ 2,271,874				$ 2,271,874

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	May 31, 2017	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income		$ 18,238,222
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		33,151,063
Deferred financing cost amortization		1,981,476
Accretion expense		153,542
Write-downs of installation and service parts and (gain) loss on disposal of assets		(38,510)
Installation and service parts expense		565,198
Bad debt expense		3,441,004
Deferred income taxes		(31,083,621)
Changes in operating assets and liabilities:
Accounts receivable, net		(17,152,616)
Unbilled receivables		(362,336)
Prepaid expense and other current assets		4,202,237
Other assets		139,856
Accounts payable and accrued liabilities		(4,846,446)
Other Liabilities		(77,736)
Net cash provided by operating activities		8,311,333
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash and restricted cash acquired		(537,853,861)
Purchases of installation and service parts and property and equipment		(15,873,607)
Cash proceeds from the sale of assets and insurance recoveries		191,788
Net cash provided by (used in) investing activities		(553,535,680)
CASH FLOWS FROM FINANCING ACTIVITIES:
Successor borrowings on revolver		18,530,956
Successor repayment on revolver		(18,530,956)
Successor borrowings of long-term debt		444,250,000
Successor repayment of long-term debt		(1,625,000)
Successor payment of debt issuance costs		(15,917,442)
Proceeds from issuance of common stock		129,026,399
Net cash provided by (used in) by financing activities		555,733,957
Net increase in cash, cash equivalents and restricted cash		10,509,610
Cash, cash equivalents and restricted cash - end of period		10,509,610
Supplemental cash flow information:
Interest paid		18,628,206
Income taxes paid (refunded), net		8,551,224
Supplemental non-cash investing and financing activities:
Non-cash additions (reductions) to ARO, property and equipment, and other		(323,726)
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year end		3,094,814
Predecessor
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ 1,239,599		$ 28,996,084
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	12,574,006		33,814,562
Deferred financing cost amortization	143,241		475,596
Accretion expense	106,404		185,021
Write-downs of installation and service parts and (gain) loss on disposal of assets	39,137		102,374
Installation and service parts expense	177,124		1,382,686
Bad debt expense	2,181,957		7,881,872
Deferred income taxes	(3,326,978)		(3,204,635)
Stock-based compensation			(618,911)
Changes in operating assets and liabilities:
Accounts receivable, net	6,107,664		(17,409,068)
Unbilled receivables	1,945,493		(2,655,961)
Prepaid expense and other current assets	(1,581,750)		(2,584,650)
Other assets	322,260		294,181
Accounts payable and accrued liabilities	22,413,747		(703,321)
Other Liabilities	(508,181)		(2,114,649)
Net cash provided by operating activities	41,833,723		43,841,181
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash and restricted cash acquired			(21,232,989)
Purchases of installation and service parts and property and equipment	(8,952,667)		(14,825,371)
Cash proceeds from the sale of assets and insurance recoveries	166,603		1,007,478
Net cash provided by (used in) investing activities	(8,786,064)		(35,050,882)
CASH FLOWS FROM FINANCING ACTIVITIES:
Predecessor borrowings on note payable	40,752,179		187,920,609
Predecessor repayments on note payable	(68,213,359)		(147,521,410)
Predecessor payments of debt issue costs	(30,000)		(332,500)
Payment of cash dividend			(47,107,808)
Net cash provided by (used in) by financing activities	(27,491,180)		(7,041,109)
Net increase in cash, cash equivalents and restricted cash	5,556,479		1,749,190
Cash, cash equivalents and restricted cash - beginning of period	4,345,567	$ 9,902,046	2,596,377
Cash, cash equivalents and restricted cash - end of period	9,902,046		4,345,567
Supplemental cash flow information:
Interest paid	836,236		2,111,973
Income taxes paid (refunded), net	(211,030)		27,014,347
Supplemental non-cash investing and financing activities:
Non-cash additions (reductions) to ARO, property and equipment, and other	210,864		1,864,265
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year end	$ 2,793,828		3,687,363
Interest rate swap change in value, net of tax			$ 50,255

Basis of Presentation and Description of Business

12 Months Ended

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Presentation and Description of Business

1.	Basis of Presentation and Description of Business

Verra Mobility Corporation, formerly known as Gores Holdings II, Inc. (“Gores”) was originally incorporated in Delaware on August 15, 2016 as a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more target businesses. On January 19, 2017, we consummated our initial public offering (the “IPO”), following which our shares began trading on the Nasdaq Capital Market (“Nasdaq”).

On June 21, 2018, Gores, AM Merger Sub I, Inc., a direct, wholly-owned subsidiary of Gores (“First Merger Sub”), AM Merger Sub II, LLC, a direct, wholly-owned subsidiary of Gores (“Second Merger Sub”), Greenlight Holding II Corporation (“Greenlight”), and PE Greenlight Holdings, LLC entered into an Agreement and Plan of Merger as amended on August 23, 2018 by that certain Amendment No. 1 to Agreement and Plan of Merger (as amended, the “Merger Agreement”), which provides for, among other things, (i) the merger of First Merger Sub with and into Greenlight, with Greenlight continuing as the surviving corporation (the “First Merger”) and (ii) immediately following the First Merger and as part of the same overall transaction as the First Merger, the merger of Greenlight with and into Second Merger Sub, with Second Merger Sub continuing as the surviving entity (the “Second Merger” and, together with the First Merger, the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”).

In connection with the closing of the Business Combination on October 17, 2018 (the “Closing Date”), Gores changed its name from Gores Holdings II, Inc. to Verra Mobility Corporation, changed its trading symbols on Nasdaq from “GSHT,” and “GSHTW,” to “VRRM” and “VRRMW,” and Second Merger Sub changed its name from AM Merger Sub II, LLC to Verra Mobility Holdings, LLC. As a result of the Business Combination, Verra Mobility Corporation became the owner, directly or indirectly, of all of the equity interests of Verra Mobility Holdings, LLC and its subsidiaries. The Business Combination is treated as a reverse acquisition and recapitalization in which Greenlight is treated as the accounting acquirer (and legal acquiree) and Gores is treated as the accounting acquiree (and legal acquirer). Accordingly, as of the Closing Date, Greenlight’s historical results of operations replaced Gores historical results of operations for periods prior to the Business Combination, and the results of operations of both companies are included in the accompanying consolidated financial statements for periods following the Merger (see Note 3).

On May 31, 2017, Greenlight Acquisition Corporation (“Parent”) acquired ATS Consolidated Inc. (“ATS”) pursuant to the Agreement and Plan of Merger, dated April 15, 2017 by and among ATS, Greenlight Merger Corporation, a wholly-owned subsidiary of Parent (“ATS Merger Sub”) and Parent whereby ATS Consolidated merged with and into Merger Sub with the former surviving (the “ATS Merger”). Prior to the Business Combination, Parent was ultimately owned by Greenlight, which in turn was owned by certain private equity investment vehicles sponsored by Platinum Equity, LLC (such investment vehicles, collectively, “Platinum”) (See Note 3).

Pursuant to the ATS Merger, a new basis of accounting at fair value was established in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) under Accounting Standards Codification (ASC) Topic 805, Business Combinations (“ASC 805”). The new stepped-up basis was pushed down by Parent to Greenlight. The consolidated financial statements and footnotes contained herein are presented in distinct periods to indicate the application of two different bases of accounting between the periods presented. All periods presented up to, and including, May 31, 2017 have been labeled (“Predecessor” or “2017 Predecessor Period”) and have been prepared using the historical basis of accounting of the Predecessor. The period from June 1, 2017 to December 31, 2017 has been labeled (“Successor” or “2017 Successor Period”). The accompanying consolidated financial statements and footnotes include a black line division separating the Predecessor Period from the Successor Period. As a result of purchase accounting, the pre-ATS Merger and post-ATS Merger consolidated financial statements are not comparable.

Verra Mobility and its subsidiaries (collectively, the “Company”) is a technology enabled services company offering traffic safety, mobility and compliance solutions for state and local governments, commercial fleets and rental car companies. The Company has customers located throughout the United States and Canada. The Company is organized into two operating divisions: Government Solutions and Commercial Services (See Note 18).

The Government Solutions division provides complete, end-to-end red-light, speed, school bus stop arm and bus lane enforcement solutions. The Company’s programs are designed to reduce traffic violations and resulting collisions, injuries, and fatalities. The Company implements and administers traffic safety programs for municipalities and agencies of all sizes.

The Commercial Services division offers toll and violation management solutions for the commercial fleet and rental car industries by partnering with the leading fleet management and rental car companies in North America. Electronic toll payment services enable fleet drivers and rental car customers to use high-speed cashless toll lanes or cashless all-electronic toll roads. The service helps commercial fleets reduce toll management costs, while it provides rental car companies with a revenue-generating, value-added service for their customers. Electronic violation processing services reduce the cost and risk associated with vehicle-issued violations, such as toll, parking or camera-enforced tickets. Title and registration services offer title and registration processing for individuals, rental car companies and fleet management companies.

Summary of Significant Accounting Principles and Policies

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Principles and Policies

2.	Summary of Significant Accounting Principles and Policies

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the Company prepared in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company’s management, the consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant items subject to such estimates and assumptions include the fair values assigned to net assets acquired (including identifiable intangibles) in business combinations, the carrying amounts of long-lived assets and goodwill, the carrying amount of installation and service parts, the allowance for doubtful accounts, valuation allowances on deferred tax assets, asset retirement obligations, contingent consideration and the recognition and measurement of loss contingencies.

Management believes that its estimates and assumptions are reasonable in the circumstances; however, actual results could differ materially from those estimates.

Prior Period Reclassifications

Certain prior period amounts in the consolidated statements of operations have been reclassified to conform to the current presentation. The reclassification resulted in a decrease to selling, general and administrative expenses and an increase to operating expenses of $1.2 million and $0.7 million for the seven months ended December 31, 2017 and the five months ended May 31, 2017, respectively. The reclassification had no impact on income (loss) from operations, net (income) loss before income tax (benefit) provision and net income (loss) in the consolidated statements of operations.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with a remaining maturity of three months or less when acquired to be cash equivalents.

Restricted Cash

The Company collects citation fees for customers under certain contracts, which it deposits daily into Company bank accounts and transfers to customer-owned bank accounts on a continuous basis. Restricted Cash represents customer cash collected but not yet remitted to the customer. Restricted cash is classified as a current asset and the corresponding liability due to customers is classified in current liabilities.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents, accounts receivable and unbilled receivables. The Company limits cash and cash equivalents to highly rated financial institutions.

Significant customers are those which represent more than 10% of the Company’s total revenue or net accounts receivable balance at each respective balance sheet date. Revenues from one of the Company’s customers accounted for 13.9%, 13.9% and 19.3% of net sales, for the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, respectively. This customer did not meet the revenue criteria above for the year ended December 31, 2018. Accounts receivable from this customer were $12.6 million and $6.0 million as of December 31, 2018 and 2017, respectively.

Revenues generated through one of the Company’s Commercial Services partners accounted for 19.3%, 24.3%, 23.4% and 22.0% of net sales for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, respectively. Additionally, revenues generated through two of the Company’s Commercial Services partners accounted for 15.0% and 13.2% of net sales for the year ended December 31, 2018. These customers were part of the Company’s 2018 acquisition of Highway Toll Administration, LLC and Canada Highway Toll Administration (See note 3).

Allowance for Doubtful Accounts

Accounts receivable and unbilled receivables are uncollateralized customer obligations due from the sale of products or services. Accounts receivable and unbilled receivables have normal trade terms less than one year and are stated at the amounts billed to the customers. Unbilled receivables are recorded when the revenue has been earned but not billed. No interest or late fees are charged on delinquent accounts.

The Company records an allowance for doubtful accounts for potentially uncollectible accounts. Estimates are used in determining the allowance for doubtful accounts and are based on historical collection experience, the condition of receivables and current trends. Actual receivables are written-off against the allowance when the Company has determined the balance will not be collected. The allowance for doubtful accounts as of December 31, 2018 and 2017 was $6.2 million and $5.5 million respectively.

Fair Value Measurements

As of December 31, 2018 and 2017, the amounts of our assets and liabilities that were accounted for at fair value were immaterial.

ASC Topic 820, Fair Value Measurement includes a single definition of fair value to be used for financial reporting purposes, provides a framework for applying this definition and for measuring fair value under U.S. GAAP, and establishes a fair value hierarchy that categorizes into three levels the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are summarized as follows:

Level 1 – Fair value is based on observable inputs such as quoted prices for identical assets or liabilities in active markets.

Level 2 – Fair value is determined using quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets that are not active or inputs other than quoted prices that are directly or indirectly observable.

Level 3 – Fair value is determined using one or more significant inputs that are unobservable in active markets at the measurement date, such as a pricing model, discounted cash flow, or similar technique.

Fair Value of Financial Instruments

The carrying amounts reported in our condensed consolidated balance sheets for cash, accounts receivable, accounts payable and accrued expenses approximate fair value due to the immediate to short-term maturity of these financial instruments. The estimated fair values of our First and Second Lien Term Loans as of December 31, 2018 and 2017 were categorized in Level 2 of the fair value hierarchy and were calculated based upon available market information. The carrying value and fair value of these long-term debt instruments are as follows:

Level in

December 31, 2018

December 31, 2017

Fair Value

Carrying

Estimated

Carrying

Estimated

Hierarchy

Amount

Fair Value

Amount

Fair Value

Long-term debt

869,352,682

889,971,259

428,689,034

455,100,625

Installation and Service Parts

Installation and service parts consist of components used in the construction and maintenance of red-light camera and speed enforcement systems. Installation and service parts are stated at the lower of cost or market and are reclassified to property and equipment upon initiation of construction. Installation and service parts used in repairs and maintenance are recorded in operating expenses. The Company writes down installation and service parts to estimated market value based on assumptions regarding future usage. Such write downs establish a new cost basis for the items. In estimating excess and obsolete reserves the Company primarily evaluates estimates of usage over a 12-month period and generally provides reserves for installation and service parts on hand in excess of the estimated 12-month usage. The allowance for obsolescence as of December 31, 2018 and 2017 was $1.0 million and $0.9 million, respectivelyrespectively.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. All repairs and maintenance costs are expensed as incurred. Depreciation is recorded on a straight-line basis over the estimated useful lives of the related assets as follows:

Building		39 years
Equipment installed at customer sites		3-7 years
Computer equipment		3-5 years
Furniture		5-10 years
Automobiles		5-6 years
Software		3-5 years
Leasehold improvements		Shorter of lease term or estimated useful life

Equipment installed at customer sites includes certain installation costs that qualify for capitalization. Software costs include certain internal and external costs associated with the development of software that are incurred subsequent to the development stage. In addition, a modification or upgrade to existing software is capitalized only to the extent it results in additional functionality to existing software. Software maintenance and training costs are expensed as incurred. The Company capitalized internal and external software costs of $2.2 million, $1.9 million, $0.8 million and $4.1 million for the 2018 Successor Period, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, respectively.

For the 2018 Successor Period, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, the Company recognized gains from the sale of certain assets of $0.0 million, $0.0 million, $0.1 million and $0.4 million respectively.

Goodwill

Goodwill represents the excess of the purchase price over the estimated fair value of net tangible and identifiable intangible assets acquired in business combinations. Goodwill is not amortized to earnings but assessed for impairment at least annually at the reporting unit level or more frequently if events or changes in circumstances indicate the carrying value may not be recoverable. If, based on qualitative analysis, it is determined more-likely-than-not the fair value of the reporting unit is less than its carrying amount, a two-step goodwill impairment test is performed. Application of the goodwill impairment test requires judgment, including the identification of reporting units, the assignment of assets (including goodwill) to those reporting units and the determination of the fair value of each reporting unit. The date of the Company’s annual impairment analysis is October 1. As described in Note 18, the Company has two operating segments, which are also the Company’s reporting units. As of December 31, 2018, and 2017, the Company completed its impairment test of goodwill using a qualitative analysis and determined there were no indicators of impairment for either reporting unit.

Intangible Assets

Intangible assets represent existing customer relationships, trademarks, developed technology and non-compete agreement intangibles. Other intangible assets are amortized over their respective estimated useful lives on a straight-line basis, which approximates the utilization of their expected future benefits. Amortization of other intangible assets is included in depreciation and amortization in the consolidated statements of operations.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be fully recoverable. The Company recognizes an impairment loss if the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the long-lived asset is less than the carrying amount of the long-lived asset being evaluated.

For the year ended December 31, 2018, the 2017 Successor Period, and the 2017 Predecessor Period, the Company recognized no losses from impairment of long-lived assets. For the year ended December 31, 2016, the Company recognized a loss from impairment of long-lived assets of $0.5 million. Impairment losses are characterized within depreciation, amortization and gain (loss) on disposal of assets, net in the consolidated statements of operations. The loss incurred in 2016 relates to customers of the Government Solutions segment cancelling their contracts prior to the property and equipment being fully depreciated, necessitating the write-off of unrecoverable capitalized costs associated with the cameras. The Company believes the carrying amounts of its remaining long-lived assets at December 31, 2018 are fully realizable and does not believe any additional impairment losses are necessary.

Self-Insurance

The Company is self-insured for medical costs and has stop-loss insurance policies in to limit the Company’s exposure to individual and aggregate claims made. Liabilities for these programs are estimated based upon outstanding claims and claims estimated to be incurred but not yet reported based upon historical loss experience. These estimates are subject to variability due to changes in trends of losses for outstanding claims and incurred but not reported claims, including external factors such as the number, and cost of, claims, benefit level changes and claim settlement patterns.

Asset Retirement Obligations

The Company records obligations to perform certain retirement activities on camera and speed enforcement systems in the period that the related assets are placed in service. Asset retirement obligations are contractual obligations to restore property to its initial state. These obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to operating expenses in the consolidated statements of operations and comprehensive income (loss). The associated asset retirement obligation is capitalized as part of the related asset’s carrying value of the long-lived asset and is depreciated over the asset’s estimated remaining useful life.

Deferred Financing Costs

Deferred financing costs consist of the costs incurred to obtain long-term financing, including the Company’s Credit Agreement (See Note 9). These costs, which are presented as a reduction to long-term debt on the consolidated balance sheets, are amortized over the term of the related debt, using the effective interest method for term debt and the straight-line method for revolving credit facilities. Amortization of deferred financing costs for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016 was $9.2 million, $2.0 million,1 million and $0.5 million, respectively.

Income Taxes

The Company accounts for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to differences between the balance sheet carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax liabilities and assets that are not related to an asset or liability are classified according to the expected reversal date of the temporary difference. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion of all the tax assets will not be realized. The realization of deferred tax assets can be affected by, among other things, the nature, frequency, and severity of current and cumulative losses, forecasts of future profitability, the length of statutory carryforward periods, the Company’s experience with utilizing operating losses and tax credit carryforwards by jurisdiction and tax planning alternatives that may be available.

The Company recognizes benefits of uncertain tax positions if it is more likely than not that such positions will be sustained upon examination based solely on their technical merits. The Company’s policy is to recognize interest and penalties related to the underpayment of income taxes as a component of income tax expense or benefit.

Stock-based Compensation

Participants in the Company’s 2010 Long-Term Incentive Plan (the “2010 Plan”) were eligible to receive cash payouts for vested units issued under the 2010 Plan. Accordingly, the 2010 Plan was accounted for as a liability which was re-measured at fair value on each balance sheet date. Changes in the fair value were recognized in earnings over the requisite service period. The fair value of each unit granted was estimated on the date of grant using the Black-Scholes option pricing model. This model requires the input of highly subjective assumptions and requires the Company to estimate forfeitures in calculating the expense related to stock-based compensation. In 2016, the Company terminated the 2010 Plan and cancelled all outstanding units.

Participants in the Company’s 2016 Equity Incentive Plan (the “2016 Plan”) were eligible to receive cash payouts for vested units issued under the 2016 Plan. Awards vest ratably over four years and pay out on a change in control of the Company. Accordingly, the 2016 Plan was treated as an equity award and compensation cost of approximately $11.9 million was recognized and included in selling, general and administrative expenses on the consolidated statements of operations upon the ATS Merger. The 2016 Plan was terminated concurrent with the closing of the ATS Merger.

On July 6, 2017, Greenlight Holdings Corporation, the indirect parent of Verra Mobility, implemented the 2017 Participation Plan (the “2017 Plan”), under which those employees of the Company who were participants in the plan may have been entitled to receive compensation upon the occurrence of certain qualifying events. The 2017 Plan was terminated concurrent with the closing of the Business Combination.

In October 2018, the Company established the Verra Mobility 2018 Equity Incentive Plan (the “2018 Plan”). The plan provides for awards of a variety of stock-based awards to employees, consultants and directors. Stock-based compensation expense for all share-based payment awards granted is determined based on the grant-date fair value. The Company recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is generally the vesting term of the share-based payment award. Forfeitures are accounted for as they occur.

Earn-Out Agreement with Related Party

Under the Merger Agreement, the Platinum Stockholder will be entitled to receive additional shares of Class A Common Stock (the “Earn-Out Shares”) if the volume weighted average closing sale price of one share of Class A Stock on the Nasdaq exceeds certain thresholds for a period of at least 10 days out of 20 consecutive trading days at any time during the five-year period following the closing of the Mergers (the “Common Stock Price”).

The Earn-Out Shares will be issued by the Company to the Platinum Stockholder as follows: (i) a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $13.00; (ii) a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $15.50; (iii) a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $18.00; and (iv) a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $20.50. If any of the Common Stock Price thresholds described in the foregoing clauses (i) through (iv) (each, a “Triggering Event”) are not achieved within the five-year period following the closing of the Mergers, the Company will not be required to issue the Earn-Out Shares in respect of such Common Stock Price threshold. The Platinum Stockholder will be entitled to Earn-Out Shares in the event an acceleration event (as described in the Merger Agreement) occurs.

The Company has estimated the fair value of the contingently issuable shares to be $73.15 million. The Company used a Monte Carlo simulation option-pricing model to arrive at this estimate. Each tranche was valued separately giving specific consideration to the tranche’s price target. The simulation considered volatility and risk free rates utilizing a peer group based on a five year term. This estimate is initially recorded as a distribution to shareholders and is presented as contingently issuable shares. Upon the occurrence of a Triggering Event, any issuable shares would be transferred from contingently issuable shares to Common Stock and additional paid in capital. Any contingently issuable shares not issued as a result of a Triggering Event not being attained by the end of earn-out period will be cancelled.

Revenue Recognition

The Company recognizes revenue when persuasive evidence of the sales arrangement exists, the sales price and fees are fixed or determinable, delivery has occurred and/or services have been rendered with no significant obligations remaining and collectability is reasonably assured.

Government Solutions

Service revenue is recognized as services are performed or as citations are issued or paid depending on the terms of the contract. Service contracts typically include the operation and maintenance of fixed and/or mobile traffic enforcement systems, as well as processing services including violation notices, payment processing services, affidavit/liability transfer and new address services, inbound and outbound call support, skip tracing, department of motor vehicle hold services and/or debt collection services. Pricing for services are agreed to in the customer contract and can be fixed per camera, variable based on citation volume or a combination of both. Fixed fee revenue is recognized when the camera is operational and able to generate violations. Variable fee revenue is recognized at the time the service is performed. Product sales, which include the sale of camera systems and installations, are recognized when the equipment is either accepted or installed.

Contracts including both service revenue and product sales are recognized based on each deliverable’s individual selling price once the product or service has been delivered.

Certain contracts allow the customer to defer payment on fixed fee contracts until the funds received by the customer from the program equal or exceed the Company’s fees. Revenue is recognized based on the lesser of the funds received by the customer and the fixed fee.

Commercial Services

Service revenues are recognized as services are performed. Service agreements typically include the provision of toll and violation management solutions.

The Company’s tolling services provide toll processing for its customers who drive fleet management or rental car vehicles. Once the Company receives toll usage information and identifies the driver, the driver is charged for both the toll and a processing fee as stipulated in contracts between the driver and the fleet management or rental car company. Tolls are paid to the tolling authority by the Company and a portion of the processing fee is remitted to the relevant fleet management or rental car company. Toll revenue is recorded net of the payment of the related tolls and the amount payable to the fleet management and rental car company.

The Company’s violations processing services process driver violations for its customers who drive fleet management or rental car vehicles. When a violation is reported, the Company transfers the liability of the fine to the driver of the vehicle and, if possible, charges the driver a processing fee. In jurisdictions where the Company is unable to legally transfer the liability, the Company pays the fine and charges the driver for the fine plus a processing fee. A portion of the collected processing fee is remitted to the Company’s fleet management or rental car company. Violation fines received from drivers are paid to the authority by the Company. Violation fine revenue is recorded net of the payment of the violation. Violation processing fee revenue is recorded net of amounts paid to the fleet management or rental car company.

Title and registration processing services are offered, primarily, to fleet management and rental car companies. The Company pays the title and registration fees to the appropriate motor vehicle authority on behalf of the customer and then charges the customer for the title and registration fees paid, plus a processing fee. Revenue is recognized for the total amount billed to the customer net of the registration cost.

Amortization of deferred contract inducement fees, which are paid to certain of the Company’s fleet management and rental car customers, is recorded over the life of the respective contracts. Amortization of deferred contract inducement fees is recorded as a reduction of revenue.

Credit Card Rebates

The Company earns credit card rebates as purchases occur and recognizes the benefit in other income, net in the consolidated statements of operations. For the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, the Company recorded $8.9 million, $2.1 million, $1.3 million and $2.9 million respectively, related to rebates.

Advertising Costs

The Company expenses advertising costs as incurred. Advertising costs for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016 were $1.4 million, $0.4 million, $0.4 million and $1.0 million, respectively and are included in selling, general, and administrative expenses in the consolidated statements of operations.

Foreign Currency

The assets and liabilities of our foreign subsidiaries whose functional currency is not the U.S. dollar are translated into U.S. dollars from functional currencies at current exchange rates while revenues and expenses are translated from functional currencies at average monthly exchange rates. The resulting translation adjustments are recorded in accumulated other comprehensive income (loss) in shareholders’ equity.

Certain assets and liabilities denominated in foreign currencies that differ from their functional currencies are re-measured at the exchange rate on the balance sheet date. The foreign currency effect of the re-measurement of these assets and liabilities are included in other (income) expense in the consolidated statements of operations. The impact of foreign currency re-measurements were $0.1 million, $0.0 million, $0.0 million and $0.7 million for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, respectively.

Business Combinations

The Company applies the asset acquisition method to account for business acquisitions. The Company allocates the fair value of the purchase price consideration to assets acquired and liabilities assumed based on their estimated fair values. The excess of the fair value of the purchase consideration over the fair value of the identifiable assets and liabilities is recorded as goodwill.

The determination and allocation of fair values to the identifiable assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable management judgment and include the use of independent valuation specialists to assist the Company in estimating fair values of acquired tangible and/or intangible assets. Although the Company believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from estimates.

Segment Information

In accordance with the provisions of ASC 280-10, “Disclosures about Segments of an Enterprise and Related Information”, the Company is required to report financial and descriptive information about its reportable operating segments that meet certain quantitative thresholds. The Company has two operating segments (Government Solutions and Commercial Services) for which separate financial information is available and is regularly reviewed by the Company’s chief operating decision maker (“CODM”) to assess performance and make decisions about the allocation of resources. As of December 31, 2018, our CODM function consists of our Chief Executive Officer and certain defined representatives of the Company’s executive management team (See note 18).

Recent Accounting Pronouncements

Accounting Standards Adopted

In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). ASU 2016-09 simplifies several aspects related to the accounting for share-based payment transactions, including the accounting for income taxes and forfeitures, statutory tax withholding requirements and classification on the statement of cash flows. The Company early adopted ASU 2016-09 on January 1, 2018. Excess tax benefits or deficiencies for stock-based compensation will be reflected in our Consolidated Statements of Operations and Comprehensive Income as a component of income tax expense. No excess tax benefits were recognized in equity prior to the Company’s early adoption of ASU 2016-09. The Company also elected to account for forfeitures as they occur, rather than estimate expected forfeitures. The adoption of ASU 2016-09 did not have a material impact on the Company's financial position, results of operations or cash flows and disclosures.

In August 2016, the FASB issued ASU 2016-15Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. The standard addresses the following specific cash flow issues: (1) debt prepayment or debt extinguishment costs, (2) settlement of zero-coupon debt instruments or other debt instruments with coupon rates that are insignificant in relation to the effective interest rate of the borrowing, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, (6) distributions received from equity method investees, (7) beneficial interests in securitization transitions and (8) separately identifiable cash flows and application of predominance principle. The new standard was effective for the Company on January 1, 2018, which the Company elected to adopt prospectively. Prior periods were not retrospectively adjusted, as the impact was not deemed material. The new standard affected the presentation of cash payments associated with the extinguishment of our debt in the first quarter of 2018 (see Note 9). In accordance with the new standard, cash payments associated with the Company's loss on extinguishment of debt are presented as a cash outflow from financing activities in the Company's condensed consolidated statement of cash flows.

In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires that restricted cash be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company elected to early adopt the requirements of the new standard in the fourth quarter of 2018 using the retrospective transition method, as required by the new standard. The adoption of this ASU had an immaterial impact to on the consolidated statements of cash flows.

The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of such amounts in the consolidated statements of cash flows:

	December 31,
	2018		2017
Cash and cash equivalents	$	65,048,194	$	8,724,945
Restricted Cash		2,033,186		1,784,665
Cash, cash equivalents and restricted cash in the consolidated statements of cash flows	$	67,081,380	$	10,509,610

In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. The guidance in ASU 2017-01 clarifies the definition of a business with the objective of assisting entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The new standard was effective for the Company on January 1, 2018. The Company considered the provisions of this standard in concluding that its purchases of Highway Toll Administration, LLC and Euro Parking Collection plc in 2018 (see Note 3) should be accounted for as an acquisition of a business and not as an acquisition of assets.

In May 2017, the FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting. The updates in ASU 2017-09 were issued to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when changing the terms or conditions of share-based payment awards. Under the updated guidance, a modification is defined as a change in the terms or conditions of a share-based payment award, and an entity should account for the effects of a modification unless certain conditions are met. The new standard was effective for the Company on January 1, 2018 and did not have a material effect on the Company's financial position, results of operations or cash flows and disclosures.

Accounting Standards Not Yet Adopted

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016, December 2016 and September 2017 within ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20, respectively (ASU 2014-09, ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-12, ASU 2016-20 and ASU 2017-13, respectively, and collectively Topic 606). Topic 606 supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, the standard provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. This guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. In August 2015, the FASB amended this accounting standard and postponed the implementation date to fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early application for fiscal years, and interim periods within those years, beginning after December 15, 2016 is permitted. The standard permits the use of either the retrospective or cumulative effect transition method.

The Company is substantially complete with its evaluation and does not expect that the implementation of the new standard will have a material effect on the Company's consolidated financial position, results of operations or cash flows. The Company has identified one difference in its Government Solutions Segment related to the accounting for certain contracts for which there are performance obligations subsequent to the contractual billing terms. Under the new standard, these contracts will be accounted for under a revenue deferral method. The Company will defer the revenue for these contracts until all performance obligations are complete. On January 1, 2019, the Company will adopt the new revenue standard on a modified retrospective basis, and expects to record deferred revenue in an amount not expected to exceed $400,000 and an after-tax transition adjustment to reduce retained earnings as of January 1, 2019 in an amount not expected to exceed $300,000 The new standard will also require incremental revenue-related disclosures.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments- Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The main objective of this update is to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. The new guidance addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Most notably ASU 2016-01 requires the change in fair value of available for sale securities to be recognized in net income. The pronouncement also requires the use of the exit price notion, the separate presentation of financial assets and liabilities by measurement category and form of asset, and the separate presentation in other comprehensive income of changes in fair value resulting from a change in the instrument-specific credit risk. The pronouncement is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The impact of the implementation of this standard is still being determined by the Company.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) and issued certain amendments in January and July 2018 within ASU 2018-01, 2018-10 and ASU 2018-11, respectively and collectively Topic 842 to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018, and early adoption is permitted. The impact of the implementation of this standard is still being determined by the Company.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), which requires companies to present assets held at amortized cost and available for sale debt securities net of the amount expected to be collected. The guidance requires the measurement of expected credit losses to be based on relevant information from past events, including historical experiences, current conditions and reasonable and supportable forecasts that affect collectability. The guidance will be effective for fiscal years and interim periods beginning after December 15, 2019 and early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Different components of the guidance require modified retrospective or prospective adoption. The impact of the implementation of this standard is still being determined by the Company.

In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350). ASU 2017-04 simplifies the accounting for goodwill impairment and removes Step 2 of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit's carrying value exceeds its fair value limited to the total amount of goodwill allocated to that reporting unit. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. The same one-step impairment test will be applied to goodwill at all reporting units, even those with zero or negative carrying amounts. The amendments in this ASU are effective for goodwill impairment tests in fiscal years beginning after December 15, 2021. The impact of the implementation of this standard is still being determined by the Company.

In June 2018, the FASB issued ASU 2018-07, Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. These amendments expand the scope of Topic 718, Compensation—Stock Compensation (which currently only includes share-based payments to employees) to include share-based payments issued to nonemployees for goods or services. ASU 2018-07 is effective beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, but no earlier than a company’s adoption date of Topic 606, Revenue from Contracts with Customers. At this time, the Company does not expect this standard to have a material effect on the Company's financial position, results of operations or cash flows and disclosures.

In August 2018, the FASB issued ASU 2018-13, (Topic 820) Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The impact of the implementation of this standard is still being determined by the Company.

Merger and Acquisition

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Merger and Acquisition

3.	Mergers and Acquisition

Verra Mobility Merger

As described in Note 1, Gores and Greenlight consummated the Business Combination on October 17, 2018. Pursuant to ASC 805, the Business Combination qualified as a reverse acquisition since immediately following completion of the transaction the stockholders of Greenlight immediately prior to the Business Combination maintained effective control of Verra Mobility, the post-combination company. For accounting purposes, Greenlight is deemed the accounting acquirer in the transaction and, consequently, the transaction is treated as recapitalization of Greenlight (i.e. a capital transaction involving the issuance of stock by Greenlight in exchange for the payment of cash by Gores to the selling shareholders of Greenlight). Accordingly, the consolidated assets, liabilities and results of operations of Greenlight are the historical financial statements of Verra Mobility and the Gores assets, liabilities and results of operations are consolidated with Greenlight beginning on the acquisition date. No step-up in basis of intangible assets or goodwill was recorded for this transaction. The Company effected this treatment through opening stockholders’ equity by adjusting the number of common shares outstanding. Other than underwriting and professional fees paid to consummate the transaction, the Business Combination primarily involved the exchange of cash and equity between Gores, Greenlight and the stockholders of the respective companies.

ATS Merger

On May 31, 2017, ATS was acquired by Parent through the merger of ATS Merger Sub with and into ATS for a total purchase price of $548.2 million ($550.0 million less adjustments set forth in the Merger agreement).

Predecessor

The Company recognized approximately $21.1 million of costs related to the ATS Merger, which were included in selling, general and administrative expenses in the consolidated statements of operations for the 2017 Predecessor Period. These costs consisted of $11.9 million of payments under the 2016 equity plan, $1.3 million of transaction bonus payments, and $7.9 million of professional fees and other expenses related to the sale of the Company.

Successor

The Company recognized approximately $9.9 million of costs related to the ATS Merger which are included in the selling, general and administrative expenses in the consolidated statements of operations for the 2017 Successor Period. These costs consisted of $8.0 million of payments for acquisition services to Platinum Equity Advisors, LLC, an affiliate of Platinum (“Advisors”) and $1.9 million of professional fees and other expenses related to the ATS Merger.

On May 31, 2017, ATS Merger Sub obtained debt financing pursuant to a credit agreement entered into with a syndicate of lenders. ATS Merger Sub was merged with and into ATS on the same date effectively making ATS the sole borrower (see Note 9).

The Company employed the push down basis of accounting and allocated the consideration paid by the acquirer in connection with the Merger to the Company’s assets and liabilities based on their preliminary estimated fair values at the date of the Merger as presented in the table below. The excess of the cost of the Merger over the net amounts assigned to the fair value of the assets acquired and liabilities assumed was recorded as goodwill.

Assets acquired
Cash	$	9,112,114
Restricted cash		1,229,118
Accounts receivable		50,908,663
Prepaid expense and other current assets		7,764,515
Installation and service parts		9,109,702
Property and equipment		64,596,596
Goodwill		294,414,522
Intangible assets		222,500,000
Other non-current assets		1,122,588
Total assets acquired		660,757,818

Liabilities assumed
Accounts payable and accrued expenses		22,565,224
Other long-term liabilities		9,310,190
Deferred tax liability		80,687,311
Total liabilities assumed		112,562,725
Total purchase price	$	548,195,093

The identifiable intangible assets consist of $24.8 million attributable to trademarks, $13.6 million to non-compete agreements, $99.6 million to customer relationships, and $84.5 million to developed technology. The non-compete values were based on the with-or-without method. The customer relationship value was based on an excess earnings methodology utilizing projected cash flows. The trademark and the developed technology values were based on the relief from royalty method. The customer relationship, developed technology, non-competition and trademark intangibles were assigned useful lives of 8.5 years, 5.5 years, 5 years and 10 years, respectively. The Company subsequently adjusted the useful life of the trademark from 10 years to 3.8 years (see Note 6).

The goodwill arising from the Merger was assigned to the Company’s Government Solutions and Commercial Services segments in the amounts of $159.7 million and $134.7 million, respectively. The goodwill consists largely of the expected cash flows and future growth anticipated for the Company. The goodwill is not deductible for tax purposes.

HTA Merger

On March 1, 2018, the Company acquired all of the issued and outstanding membership interests of Highway Toll Administration, LLC, and Canada Highway Toll Administration (collectively, “HTA”), pursuant to a unit purchase agreement (“Unit Agreement”) for a cash purchase price of $525.0 million subject to adjustments set forth in the Unit Agreement which aggregated $9.7 million, an $11.3 million payable to the HTA sellers for certain tax items and the issuance of 5.26 shares of Greenlight common stock resulting in an aggregate purchase price of $603.3 million (the “HTA Merger”). The Greenlight shares issued to the Company were determined to have a fair value of $57.3 million. The Company reflected the receipt of the Greenlight common shares as a capital contribution from Parent and then delivered these shares to the HTA sellers as non-cash purchase consideration.

The Company estimated the fair value of the Greenlight common shares issued in connection with this transaction with input from management and a contemporaneous third-party valuation of the Company. Management determined the fair value of Greenlight was the same as the Company as Greenlight’s only holdings were the Company. The valuation advisory firm prepared a valuation report as of March 1, 2018. The assumptions and inputs used in connection with the valuation reflected management’s best estimate of the Company’s business condition, prospects and operating performance on the valuation date. The Company averaged the results of a discounted cash flow analysis, comparable public company analysis and comparable acquisitions analysis to determine an enterprise value of $2.1 billion. The Company then deducted debt of $1.0 billion to arrive at a concluded equity value of $1.1 billion, which was used to derive a per share value.

The allocation of the purchase price is summarized as follows:

Assets acquired
Cash	$	2,995,722
Accounts receivable		10,219,709
Prepaid expense and other current assets		5,266,168
Installation and service parts		296,535
Property and equipment		995,816
Customer relationships		242,500,000
Developed technology		72,800,000
Non-competition agreements		48,500,000
Trademark		5,500,000
Goodwill		233,271,150
Total assets acquired		622,345,100

Liabilities assumed
Accounts payable and accrued expenses		14,267,971
Deferred tax liability		4,733,044
Total liabilities assumed		19,001,015
Total purchase price	$	603,344,085

The excess of cost of the HTA Merger over the net amounts assigned to the fair value of the net assets acquired was recorded as goodwill and was assigned to the Company’s Commercial Services segment. During the period from acquisition to December 31, 2018, the Company made certain immaterial adjustments to the preliminary purchase price allocation resulting in a $1.2 million net reduction to goodwill. The goodwill consists largely of the expected cash flows and future growth anticipated for the Company. Most of the goodwill is expected to be deductible for tax purposes. The customer relationship value was based on an excess earnings methodology utilizing projected cash flows. The non-competition agreement values were based on the with-or-without method. The trademark and the developed technology values were based on a relief from royalty method. The customer relationship, developed technology, non-competition and trademark intangibles were assigned useful lives of 9 years, 5.5 years, 5 years and 3 years, respectively.

The Company recognized $15.6 million of costs related to the HTA Merger, which were included in selling, general and administrative expenses in the consolidated statement of operations in the three months ended March 31, 2018.

These costs consisted of $7.2 million for acquisition services to Advisors and $8.4 million of professional fees and other expenses related to the transaction.

EPC Merger

On April 6, 2018, the Company acquired all of the issued and outstanding capital stock of Euro Parking Collection plc (“EPC”), pursuant to a stock purchase agreement for purchase consideration of 5.54 shares of Greenlight common stock and working capital adjustments set forth in the share purchase agreement, which aggregated $2.6 million, resulting in an aggregate purchase price of $62.9 million (the “EPC Merger”). The Company reflected the receipt of the Greenlight II common shares as a capital contribution from Parent and then delivered these shares to the EPC sellers as non-cash purchase consideration.

The Company estimated the fair value of the Greenlight common shares issued in connection with this transaction with input from management and a contemporaneous third-party valuation of the Company.

Management determined the fair value of Greenlight was the same as the Company as Greenlight’s only holdings were the Company. The valuation advisory firm prepared a valuation report as of March 1, 2018. The assumptions and inputs used in connection with the valuation reflected management’s best estimate of the Company’s business condition, prospects and operating performance on the valuation date. The Company averaged the results of a discounted cash flow analysis, comparable public company analysis and comparable acquisitions analysis to determine an enterprise value of $2.1 billion. The Company then deducted debt of $1.0 billion to arrive at a concluded equity value of $1.1 billion, which was used to derive a per share value.

The preliminary allocation of the purchase consideration is summarized as follows:

Assets acquired
Cash	$	9,029,240
Other assets		1,948,150
Trademark		1,100,000
Customer relationships		19,400,000
Developed technology		3,900,000
Goodwill		40,825,951
Total assets acquired		76,203,341

Liabilities assumed
Accounts payable and accrued expenses		8,994,939
Deferred tax liability		4,273,117
Total liabilities assumed		13,268,056
Total purchase price	$	62,935,285

Goodwill arising from the EPC Merger was assigned to the Company’s Commercial Services segment and consists largely of the expected cash flows and future growth anticipated for the Company. The goodwill is not expected to be deductible for tax purposes. The customer relationship value was based on an excess earnings methodology utilizing projected cash flows. The trademark and the developed technology values were based on a relief from royalty method. The customer relationship, trademark, and developed technology intangibles were preliminarily assigned useful lives of 10 years, 5 years and 4.5 years, respectively.

The Company recognized $3.0 million of costs related to the EPC Merger in the three months ended June 30, 2018, which consisted of $2.5 million for acquisition services to Advisors and $0.5 million of professional fees and other expenses.

Sunshine Acquisition

On January 27, 2016, the Company acquired certain of the assets and liabilities of Sunshine State Tag Agency, Inc., Auto Tag of America, Inc. and Auto Titles of America, Inc., (collectively, “Sunshine”) for net consideration of approximately $21.2 million. Sunshine is a title and registration processing company with operations in Florida, Texas and Arizona. Sunshine had a number of contracts with customers and departments of motor vehicles, departments of transportation and tax assessors, as well as certain intellectual property used in connection with title and registration processing.

The allocation of the purchase price is summarized as follows:

Assets acquired
Accounts receivable, net	$	46,073
Property and equipment		88,273
Non-compete agreements		3,000
Customer relationships		17,196,000
Software		250,000
Tradename		487,000
Goodwill		4,927,904
Total assets acquired		22,998,250

Liabilities assumed
Advanced deposits payable		1,765,261
Total purchase price	$	21,232,989

The goodwill recognized as part of the transaction was generated by intangible assets that do not qualify for separate recognition. The goodwill resulting from this transaction that is expected to be deductible for tax purposes is $4.9 million.

Pro Forma Financial Information

The pro forma information below gives effect to the Merger, the HTA Merger and the EPC Merger (collectively, the “Transactions”) as if they had been completed on the first day of each period presented. The pro forma results of operations are presented for information purposes only. As such, they are not necessarily indicative of the Company’s results had the Transactions been completed on the first day of each period presented, nor do they intend to represent the Company’s future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the acquisitions and does not reflect additional revenue opportunities following the Transactions. The pro forma information includes adjustments to record the assets and liabilities associated with the Transactions at their respective fair values based on available information and to give effect to the financing for the Transactions.

	Successor					Predecessor
	Year Ended			Seven months ended		Five months ended			Year Ended
	December 31, 2018			December 31, 2017		May 31, 2017			December 31, 2016
Revenue	$	389,367,087		$	210,563,096	$	138,178,167		$	329,407,665
Income from operations		39,559,861			29,241,973		17,148,364			26,945,720
Net income (loss) before income tax benefit		(8,743,255	)		1,596,488		(1,669,275	)		(15,946,740	)
Net income (loss)		(9,583,012	)		27,360,377		(1,219,511	)		(8,782,820	)
Earnings per share - basic	$	(0.06	)	$	0.18	$	(0.01	)	$	(0.06	)

The opening balance sheet values assigned to the assets acquired and liabilities assumed for the HTA Merger and the EPC Merger are based on preliminary valuations and are subject to change as we obtain additional information during the acquisition measurement periods. Increases or decreases in the estimated fair values of the net assets acquired may impact our statements of income in future periods. We do not expect material changes to the assigned values. The pro forma results include adjustments to reflect additional amortization of intangibles associated with the acquired businesses and additional interest expense for debt issued in connection with the HTA Merger.

Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2018

Prepaid Expense And Other Assets Current [Abstract]

Prepaid Expenses and Other Current Assets

4.	Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets, consist of the following at December 31:

	2018		2017
Prepaid income taxes	$	1,561,787	$	8,144,196
Prepaid services		3,016,849		2,476,575
Prepaid tolls		8,434,367		2,466,005
Prepaid computer maintenance		1,709,238		1,894,032
Prepaid insurance		1,230,086		353,654
Deposits		838,640		82,398
Prepaid rent		406,361		323,367
Other		402,942		48,685
Total prepaid expenses and other current assets	$	17,600,270	$	15,788,912

Property and Equipment, net

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Property and Equipment, net

5.	Property and Equipment, net

Property and equipment, net, consists of the following at December 31:

	2018			2017
Construction in progress	$	2,097,061		$	3,796,167
Equipment installed at customer sites		70,164,185			58,679,973
Computer equipment		5,758,127			2,320,481
Furniture		1,825,553			1,542,589
Automobiles		1,288,828			909,545
Software		11,189,356			4,885,679
Leasehold improvements		7,899,013			7,710,392
Property and equipment		100,222,123			79,844,826
Less: accumulated depreciation		(30,979,312	)		(14,474,130	)
Property and equipment, net	$	69,242,811		$	65,370,696

Depreciation expense for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016 was $22.5 million, $11.8 million and $32.1 million, respectively, including depreciation related to costs to develop or implement software for internal use of $2.9 million, $0.9 million, $1.8 million, and $5.2 million for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, respectively.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

6.	Goodwill and Intangible Assets

The following table presents the changes in the carrying amount of goodwill by reportable segment:

	Government			Commercial
	Solutions			Services			Totals
Balance at December 31, 2016	$	2,617,950		$	4,927,904		$	7,545,854
Purchase accounting adjustment for Merger		(2,617,950	)		(4,927,904	)		(7,545,854	)
Goodwill from Merger		159,746,649			134,667,873			294,414,522
Balance at December 31, 2017		159,746,649			134,667,873			294,414,522
Goodwill from HTA Merger		—			232,032,774			232,032,774
Goodwill from EPC Merger		—			40,825,951			40,825,951
Measurement period adjustments		—			1,238,376			1,238,376
Foreign currency translation adjustment		—			(3,788,125	)		(3,788,125	)
Balance at December 31, 2018	$	159,746,649		$	404,976,849		$	564,723,498

During the fourth quarter of 2018, the Company identified revisions to the provisionally recorded amounts of HTA customer receivables, customer margin share payables and tolls payable. The aggregate amount of those items were recorded as additional goodwill as detailed in the measurement period adjustment above.

The gross carrying amount and accumulated amortization of separately identifiable intangible assets are as follows:

Weighted

At December 31, 2018

Average

Gross

Remaining

Amortization

Carrying

Accumulated

Useful life

Period

Amount

Amortization

Trademarks

2.7 years

3.7 years

31,301,771

8,902,338

Non-compete agreements

4.0 years

5 years

62,100,000

12,390,000

Customer relationships

7.9 years

8.9 years

359,767,606

42,200,830

Developed Technology

4.3 years

5.5 years

160,851,735

35,986,413

Gross carrying value of intangible assets

614,021,112

99,479,581

Less: accumulated amortization

(99,479,581

)

Intangible assets, net

514,541,531

Weighted

At December 31, 2017

Average

Gross

Remaining

Amortization

Carrying

Accumulated

Useful life

Period

Amount

Amortization

Trademarks

9.4 years

10 years

24,800,000

1,446,667

Non-compete agreements

4.4 years

5 years

13,600,000

1,586,667

Customer relationships

8.0 years

8.5 years

99,600,000

6,755,324

Developed Technology

4.9 years

5.5 years

84,500,000

8,962,121

Gross carrying value of intangible assets

222,500,000

18,750,779

Less: accumulated amortization

(18,750,779

)

Intangible assets, net

203,749,221

Amortization expense for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016 was $80.8 million, $18.8 million, and $1.7 million, respectively.

In June 2018, the Company reviewed its estimates of the future economic life of the trademark intangible assets recorded in connection with the Merger due to the Company’s recent name change and rebranding efforts (see Note 1). As a result of this review, the Company revised the useful life assigned to the Merger trademarks to reflect their remaining economic value, reducing the useful life from 10 years to 3.8 years. This revision was determined to be a change in accounting estimate and is being accounted for prospectively. As a result of the change in useful life, the Company recognized approximately $3.3 million of additional amortization expense in the year ended December 31, 2018.

Estimated amortization expense in future years is expected to be:

Year Ending December 31,
2019	$	92,229,237
2020		92,229,237
2021		83,937,823
2022		79,217,811
2023		50,772,867
Thereafter		116,154,556
Total	$	514,541,531

Accrued Liabilities

12 Months Ended

Dec. 31, 2018

Payables And Accruals [Abstract]

Accrued Liabilities

7.	Accrued Liabilities

Accrued liabilities consist of the following at December 31:

	2018		2017
Accrued salaries and wages	$	8,339,991	$	6,900,652
Restricted cash due to customers		2,033,186		1,784,365
Income taxes payable		861,571		143,725
Accrued interest payable		231,972		290,653
Advanced deposits payable		805,199		119,666
Deferred rent		522,805		—
Accrued sales commissions		462,829		431,691
Other		1,186,414		415,870
Total accrued liabilities	$	14,443,967	$	10,086,622

Asset Retirement Obligations

12 Months Ended

Dec. 31, 2018

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

8.	Asset Retirement Obligations

The following table summarizes changes in the Company’s asset retirement obligations:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017
	December 31, 2018			December 31, 2017			to May 31, 2017
Asset retirement obligations, beginning balance	$	6,373,125		$	6,890,573		$	6,645,542
Liabilities incurred		147,240			396,103			210,864
Accretion expense		396,374			153,542			106,404
Liabilities settled		(166,917	)		(347,265	)		(72,337	)
Revisions to cash flow estimates		—			(719,828	)		—
Asset retirement obligations, ending balance	$	6,749,822		$	6,373,125		$	6,890,473

Debt

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Debt

The following table provides a summary of the Company’s long-term debt at December 31:

	2018			2017
First lien term loan, due February 28, 2025	$	903,524,121		$	—
First lien term loan, due May 31, 2024		—			323,375,000
Second lien term loan, due May 31, 2025		—			125,000,000
Less: original issue discounts		(5,819,675	)		(5,256,190	)
Less: unamortized deferred financing costs		(28,351,764	)		(14,429,776	)
Total debt		869,352,682			428,689,034
Less: Current portion of long-term debt		(9,103,518	)		(3,250,000	)
Total long-term debt, net of current portion	$	860,249,164		$	425,439,034

The following table presents the aggregate future principal payments of long-term debt at December 31, 2018:

Year Ending December 31,
2019	$	9,103,518
2020		9,103,518
2021		9,103,518
2022		9,103,518
2023		9,103,518
Thereafter		858,006,531
Total	$	903,524,121

Predecessor

The Company had a $150 million Credit Agreement (“CA”) whereby it could elect to borrow through a revolving loan, swing loan or letters of credit up to certain sub-limits as defined in the CA. Interest on outstanding borrowings on the revolving loan was payable monthly at the bank’s prime rate for borrowings against the swing loan, or the London InterBank Offered Rate (“LIBOR”) for borrowings against the revolving loan, plus a margin percentage based on the leverage ratio obtained and the type of loan outstanding. All borrowings were subject to the satisfaction of customary conditions and restrictive covenants, including absence of defaults and accuracy in material respects of representations and warranties. In addition, the CA contained customary restrictive covenants for facilities and transactions of this type. In 2016, the Company amended the CA to allow for a cash dividend paid to shareholders (see Note 12).

At the 2017 Predecessor Period and at December 31, 2016 and 2015, interest rates were 5.0%, 4.75% and 4.50% respectively, for prime rate borrowings and 3.01%, 2.73% and 2.40% respectively, for LIBOR rate borrowings. Interest on the unused portion of the revolving loan was payable monthly at 0.25% as of the 2017 Predecessor Period and at December 31, 2016 and 2015. The Company also paid interest monthly on outstanding letters of credit of $1.0 million at 2.00% as of December 31, 2016 and 2015. The Company recorded interest expense, including amortization of deferred financing costs, of $0.9 million, $2.7 million, $2.1 million for the 2017 Predecessor Period and the years ended December 31, 2016 and 2015, respectively.

The Company was in compliance with its financial covenants at the 2017 Predecessor Period and for the year ended December 31, 2016. The Company’s indebtedness under the CA was secured by liens on the Company’s assets. All amounts payable under the CA were paid upon closing of the ATS Merger.

Successor

In connection with the ATS Merger, ATS Consolidated, Inc., subsequently renamed VM Consolidated, Inc., a wholly owned subsidiary of the Company, entered into a First Lien Term Loan Credit Agreement (the “First Lien”), a Second Lien Term Loan Credit Agreement (the “Second Lien”), (collectively the “Term Loans”), and a Revolving Credit Agreement (the “Revolver”) with a syndicate of lenders (collectively, the “2017 Credit Facilities”). The 2017 Credit Facilities provided for committed senior secured financing of $490.0 million, consisting of the following: the Term Loans in an aggregate principal amount of $450.0 million; and the Revolver, available for loans and letters of credit with an aggregate revolving commitment of up to $40.0 million (based on borrowing based eligibility as described below).

In connection with the HTA Merger, the Company replaced the 2017 Credit Facilities by entering into a First Lien Term Loan Credit Agreement (the “New First Lien Term Loan”), a Second Lien Term Loan Credit Agreement (the “New Second Lien Term Loan”), (collectively the “New Term Loans”) and a Revolving Credit Facility Agreement (the “New Revolver”) with a syndicate of lenders (collectively, the “2018 Credit Facilities”). The 2018 Credit Facilities provide for committed senior secured financing of $1.115 billion, consisting of the New Term Loans in an aggregate principal amount of $1.04 billion and the New Revolver available for loans and letters of credit with an aggregate revolving commitment of up to $75 million (based on borrowing based eligibility as described below).

Aggregate principal amounts due on the New First Lien and New Second Lien Term Loans were $840 million and $200 million, respectively. The 2018 Credit Facilities replace the preexisting First and Second Lien Term Loans (the “Old Term Loans”), which were repaid concurrent with the closing on the 2018 Credit Facilities and also replaces the preexisting Revolver (the “Old Revolver”), which was undrawn at close. The outstanding balances at the date of close on the Old First and Second Lien Term Loans, which were repaid with proceeds from the 2018 Credit Facilities, were $323.4 million and $125 million, respectively. On July 24, the Company amended the New First Lien Term Loan (the “New First Lien Term Loan Amendment”) to expand the aggregate principal loan amount under the New First Lien Term Loan from $840 million to $910 million and to modify certain defined terms. In connection with this amendment, the Company incurred a consent fee of $0.4 million, which was capitalized as deferred financing costs and is being amortized over the remaining life of the New First Lien Term Loan. The additional $70 million was used to pay down a portion of the New Second Lien Term Loan, while the remaining balance of the New Second Lien Term Loan was paid off contemporaneous to the close of the Business Combination on October 17, 2018, using funds contributed by Platinum Equity.

The New First Lien Term Loan is repayable in quarterly installments of 1.0% per annum of the amount initially borrowed. The New First Lien and New Second Lien Term Loans mature on February 28, 2025 and February 28, 2026, respectively. The New First Lien Term Loan bears interest based, at the Company’s option, on either (1) LIBOR plus an applicable margin of 3.75% per annum, or (2) an alternate base rate plus an applicable margin of 2.75% per annum. The New Second Lien Term Loan bears interest based, at the Company’s option, on either (1) LIBOR plus an applicable margin of 7.75% per annum or (2) an alternate base rate plus an applicable margin of 6.75% per annum. At December 31, 2018, the interest rate on the New First Lien Term Loan was 6.3%.

The New Second Lien Term Loan may be redeemed by the Company at any time, in whole or in part, at the redemption price plus accrued interest up to the redemption date. The redemption price on the New Second Lien Term Loan is equal to 102% of the aggregate principal amount for redemptions occurring through March 1, 2019, 101% of the aggregate principal amount for redemptions occurring after March 1, 2019 through March 1, 2020 and 100% of the aggregate principal amount for redemptions occurring after March 1, 2020. The New Second Lien Term Loan was redeemed in full in connection with the Gores Merger and the Company paid a $4 million prepayment penalty, recognized as loss on the debt extinguishment in the Company’s Consolidated Statement of Operations.

In addition, the New First and Second Lien Term Loans contain provisions that require mandatory prepayments equal to 50% of excess cash flow (as defined by the New Term Loan agreements); provided that, (a) for the new First Lien Term Loan, at any time the consolidated first lien net leverage ratio (as defined by the New Term Loan agreements) on the last day of the fiscal year is less than or equal to 3.70:1.00 but greater than 3.20:1.00, the mandatory prepayment of the New First Lien Term Loan is equal to 25% of excess cash flow, and if less than 3.20:1.00, the mandatory prepayment on the New First Lien Term Loan is 0%; and (b) for the New Second Lien Term Loan, at any time the consolidated senior secured net leverage ratio (as defined by the Term Loan agreements) on the last day of the fiscal year is less than or equal to 4.70:1.00 but greater than 4.20:1.00 the mandatory prepayment is equal to 25% of excess cash flow and if less than 4.20:1.00 the mandatory prepayment is zero.

The New Revolver matures on February 28, 2023. Borrowing eligibility under the New Revolver is subject to a monthly borrowing base calculation based on (i) certain percentages of eligible accounts receivable and inventory, less (ii) certain reserve items, including outstanding letters of credit and other reserves. The Revolver bears interest on either (1) LIBOR plus an applicable margin, or (2) an alternate base rate, plus an applicable margin. The margin percentage applied to (1) LIBOR is either 1.25%, 1.50%, or 1.75%, or (2) the base rate is either 0.25%, 0.50%, or 0.75%, depending on the Company’s average available availability to borrow under the commitment. At December 31, 2018, the Company had no outstanding borrowings on the New Revolver and availability to borrow under the New Revolver was $67.2 million, net of $1.0 million of outstanding letters of credit.

Interest on the unused portion of the Revolver is payable quarterly at 0.375% at December 31, 2018. The Company also is required to pay participation and fronting fees on $1.0 million in outstanding letters of credit at 1.38% as of December 31, 2018.

All borrowings and other extensions of credits under the 2018 Credit Facilities are subject to the satisfaction of customary conditions and restrictive covenants including absence of defaults and accuracy in material respects of representations and warranties. At December 31, 2018, the Company was compliant with the 2018 Credit Facilities covenants. Substantially all of the Company’s assets are pledged as collateral to secure the Company’s indebtedness under the 2018 Credit Facilities.

The Company recognized a charge of $10.2 million in the three months ended March 31, 2018 consisting of a $3.8 million prepayment penalty on the Old Term Loan balances, a $2.0 million write-off of preexisting deferred financing costs and $4.4 million of lender and third-party costs associated with the issuance of the 2018 Credit Facilities.

The Company recognized a charge of $16.3 million in the three months ended December 31, 2018 consisting of a $4.0 million prepayment penalty on the New Second Lien Term Loan Balance, a $3.4 million write-off of preexisting deferred financing costs and $8.9 million of lender and third-party costs associated with the issuance of the New Second Lien Term Loan.

The Company recorded interest expense, including amortization of deferred financing costs and discounts, of $69.6 million for the year ended December 31, 2018 and $20.9 million for the 2017 Successor Period.

All borrowings and other extensions of credit under the 2017 Credit Facilities were subject to the satisfaction of customary conditions and restrictive covenants, including absence of defaults and accuracy in material respects of representations and warranties.

At December 31, 2018, the Company was in compliance with the covenants of the 2018 Credit Facilities. The Company’s assets have been pledged as collateral and secure the Company’s indebtedness under the 2018 Credit Facilities.

The weighted average effective interest rates of the Company’s outstanding borrowings under the 2018 Credit Facilities were 6.27% at December 31, 2018.

Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

10.	Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average shares outstanding during the period, without consideration of common stock equivalents. Diluted net income (loss) per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury-stock method.

The Company has not included the effect of 19,999,967 warrants, 10,000,000 contingently issuable shares and 4,437,076 restricted stock units in the calculation of diluted net income (loss) per share for the year ended December 31, 2018 because the inclusion of such shares would be antidilutive based on the net loss reported. The Company has not included the effect of 19,999,967 warrants in the calculation of diluted net income for the 2017 Successor Period since the exercise price exceeded the average market value of the Company’s common stock price during the period. Warrants are considered anti-dilutive and excluded when the exercise price exceeds the average market value of the Company’s Common Stock price during the applicable period.

The components of basic and diluted net income (loss) per share are as follows:

	Successor					Predecessor
				Period from		Period from
	Year Ended			June 1, 2017 to		January 1, 2017		Year Ended
	December 31, 2018			December 31, 2017		to May 31, 2017		December 31, 2016
Numerator:
Net (loss) income	$	(58,394,516	)	$	18,238,222	$	1,239,599	$	28,996,084

Denominator:
Weighted average shares - basic		87,320,072			60,483,804	N/A		N/A
Common stock equivalents		—			—	N/A		N/A
Weighted average shares - diluted		87,320,072			60,483,804	N/A		N/A

Net (loss) income per common share	$	(0.67	)	$	0.30	N/A		N/A

Antidilutive shares excluded		34,437,043			19,999,967	N/A		N/A

The Company’s Predecessor Period net income (loss) per share are not be meaningful or comparable, as the Company had a significantly different capital structure than the Successor Company. Accordingly, the Predecessor earnings (loss) per share are not being presented.

Income Taxes

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income Taxes

11.	Income Taxes

On December 22, 2017, the U.S. enacted significant changes to U.S. tax law following the passage and signing of H.R.1, “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Tax Act”). The Tax Act permanently reduces the U.S. federal corporate tax rate from a maximum 35% to 21%, eliminates corporate Alternative Minimum Tax, modified rules for expensing capital investment, limits the deduction of interest expense for certain companies and has international tax consequences for companies that operate internationally.

The Tax Act includes provisions for a tax on global intangible low-taxed income (“GILTI”). GILTI is described as the excess of a U.S. Shareholder’s total net foreign income over a deemed return on tangible assets, as provided by the Tax Act. In January 2018, the FASB issued guidance that allows companies to elect as an accounting policy whether to treat the GILTI tax as a period cost or to recognize deferred tax assets and liabilities when basis differences exist that are expected to affect the amount of GILTI inclusion upon reversal. The Company has elected to treat GILTI as a period expense. The Tax Act also includes provisions under Section 163(j) requiring net interest expense generally to be limited to 30 percent of adjusted taxable income. Any interest amount that exceeds the limitation may be carried forward indefinitely. Most of the changes introduced in the Tax Act were effective beginning on January 1, 2018.

ASC 740, Income Taxes, requires filers to record the effect of tax law changes in the period enacted. However, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 (“SAB 118”), which permits filers to record provisional amounts during a measurement period ending no later than one year from the date of enactment. As of December 31, 2017, the Company re-measured the applicable deferred tax assets and liabilities based on the rates at which they are expected to reverse. The gross deferred tax assets and liabilities were provisionally adjusted which resulted in a net effect of a $27.3 million decrease in net deferred tax liabilities to its provision for income taxes. Pursuant to SAB 118, the Company recognized provisional amounts for the impact of the Tax Act in 2017. The Company completed their analysis in 2018 and has recorded the final adjustments in the measurement period provided for in the Tax Act.

The (Loss) income before income tax (benefit) provision consisted of:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017
	December 31, 2018			December 31, 2017			to May 31, 2017
U.S. Domestic	$	(75,283,119	)	$	(12,438,801	)	$	2,492,392
Foreign		647,491			—			—
Total (loss) income before income tax (benefit) provision	$	(74,635,628	)	$	(12,438,801	)	$	2,492,392

The income tax (benefit) provision consisted of the following items:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017			Year Ended
	December 31, 2018			December 31, 2017			to May31, 2017			December 31, 2016
Current
Federal	$	5,686,479		$	188,293		$	4,126,889		$	19,261,129
State		1,624,262			218,305			452,882			2,570,841
Foreign		882,840			—			—			—
Total current tax expense		8,193,581			406,598			4,579,771			21,831,970
Deferred
Federal		(18,334,202	)		(31,090,429	)		(3,114,557	)		(3,191,446	)
State		(5,669,191	)		6,808			(212,421	)		20,506
Foreign		(431,300	)		—			—			—
Total deferred tax expense		(24,434,693	)		(31,083,621	)		(3,326,978	)		(3,170,940	)
Income tax (benefit) provision	$	(16,241,112	)	$	(30,677,023	)	$	1,252,793		$	18,661,030

A reconciliation of the provision for income taxes and the amounts computed by applying the statutory federal income tax rate to the income (loss) before (benefit) provision is as follows:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017			Year Ended
	December 31, 2018			December 31, 2017			to May 31, 2017			December 31, 2016
Income tax (benefit) provision at statutory rate	$	(15,673,482	)	$	(4,353,581	)	$	872,338		$	16,679,990
State income taxes, net of federal income tax effect		(3,785,144	)		148,706			229,901			1,691,552
Tax rate changes/valuation of deferred tax items		(1,456,527	)		(27,336,495	)		(1,266,981	)		—
Non-deductible expenses		676,256			297,077			240,273			491,348
Unrecognized tax benefits		599,697			(188,294	)		(328,120	)		465,266
Change in valuation allowance		2,148,987			—			—			(52,872	)
Non-deductible transaction costs		1,171,545			826,971			822,344			—
Research and development credits		(601,800	)		—			660,000			(574,250	)
Global intangible low tax inclusion		477,374			—			—			—
Other		201,982			(71,407	)		23,038			(40,004	)
Total income tax (benefit) provision	$	(16,241,112	)	$	(30,677,023	)	$	1,252,793		$	18,661,030

Significant components of the Company’s deferred income tax assets and liabilities consist of the following at December 31:

	2018			2017
Deferred tax assets:
Accrued expenses and other	$	2,250,050		$	2,506,349
Allowance for doubtful accounts		1,860,933			1,404,926
Net operating loss carry forward		2,384,694			725,629
Interest expense limitation carryforward		9,030,222			—
Federal and state income tax credits		612,579			339,807
Other		817,073			564,827
Gross deferred tax assets		16,955,551			5,541,538
Valuation allowance		(2,254,611	)		(105,624	)
Deferred tax assets, net of valuation allowance		14,700,940			5,435,914
Deferred tax liabilities:
Intangible assets and transaction costs		(38,811,519	)		(44,638,810	)
Property and equipment		(9,084,399	)		(10,106,340	)
Prepaid assets		(432,213	)		(294,455	)
Gross deferred tax liabilities		(48,328,131	)		(55,039,605	)
Total deferred tax liabilities, net	$	(33,627,191	)	$	(49,603,691	)

In accordance with ASC 740-10, Income Taxes, deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The realization of deferred tax assets can be affected by, among other things, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the length of statutory carryforward periods, the Company’s experience with utilizing operating losses and tax credit carryforwards by jurisdiction, and tax planning alternatives that may be available.

The Company performed an analysis of the reversal of the deferred tax liabilities, and then considered the overall business environment, historical earnings and the outlook for future years. The Company determined that it is more likely than not that the benefit from certain state net operating loss carryforwards will not be realized and in the year ended December 31, 2018 and the 2017 Successor Period the Company provided a valuation allowance of $2.2 and $0.1 million, respectively.

The net operating loss carryforwards represent $39.3 million and $10.3 million of state net operating losses at December 31, 2018, and 2017, respectively that began to expire in 2018. The utilization of some of these state net operating losses may also be subject to annual limitations due to ownership change rules under the Internal Revenue Code. The Company has certain tax credits of $0.6 million and $0.4 million at December 31, 2018 and 2017, respectively, which if unused will begin to expire in 2026. In addition, the Company generated an interest limitation carry forward of $36.7 million, which does not expire.

Unrecognized tax benefits for the years ended December 31, 2018 and 2017 were $2.5 million and $2.6 million, respectively. Included in the balance of unrecognized tax benefits as of December 31, 2018 were $1.7 million of tax benefits that, if recognized, would impact the effective tax rate. The Company does not expect its unrecognized tax benefits to change significantly over the next 12 months .

The Company recognizes interest and penalties related to unrecognized tax benefits as income tax expense. The Company recognized $0.4 million, $0.2 million and $0.1 million in interest and penalties for the year ended December 31, 2018, the 2017 Successor Period and the 2017 Predecessor Period, respectively. At December 31, 2018 and 2017, we had accrued interest and penalties of $0.9 million and $0.5 million, respectively. The Company accounts for uncertain tax positions by recognizing the financial statement effects of a tax position only when, based on technical merits, it is more likely than not that the tax position will be sustained under examination.

The Company is subject to examination by the Internal Revenue Service and taxing authorities in various states. The Company’s U.S. federal income tax return remains subject to income tax examinations by tax authorities for the years 2015 to 2018. The Company’s state income tax return is currently under examination by the State of Maryland Compliance Division for years 2015 to 2017, and various other state income tax returns for the years from 2013 to 2018 remain subject to tax examinations by tax authorities. The Company regularly assesses the likelihood of additional tax deficiencies in each of the tax jurisdictions and, accordingly, makes appropriate adjustments to the tax provision as deemed necessary.

Stockholders’ Equity

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Stockholders’ Equity

12.	Stockholders’ Equity

Authorized and Outstanding Stock

In conjunction with the Business Combination, the Company made changes to its capital stock. The Company’s Amended and Restated Certificate of Incorporation authorizes the issuance of 261,000,000 shares of capital stock, consisting of (i) 260,000,000 shares of Class A Common Stock, including and (ii) 1,000,000 shares of preferred stock, par value $0.0001 per share. The outstanding shares of our Common Stock are duly authorized, validly issued, fully paid and non-assessable.

As a result of the Business Combination, the shares issued to Greenlight are reflected as if they were issued and outstanding beginning on May 31, 2017, the date of the ATS Merger.

Warrants

Each warrant entitles the registered holder to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on the later of 12 months from the closing of the IPO or 30 days after the completion of our initial business combination. For example, if a warrant holder holds one warrant, such warrant will be exercisable for one share of the Company’s Class A Common Stock. Warrants must be exercised for a whole share. The warrants will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation.

As of December 31, 2018, there were warrants outstanding to acquire 19,999,967 shares of our Class A Common Stock including: (i) 6,666,666 warrants originally issued to Gores Sponsor II, LLC in a private placement in connection with our IPO (the “Private Placement Warrants”); and (ii) 13,333,301 warrants included in the units issued in our IPO (the “Public Warrants” and, together with the Private Placement Warrants, the “Warrants”). The Warrants entitle the registered holder to purchase one share of our Class A Common Stock at a price of $11.50 per share, subject to certain adjustments.

Predecessor – Capital Stock

Holders (each, a “Predecessor Common Stockholder”) of shares of common stock of Verra Mobility prior to the Merger (collectively, “Predecessor Common Stock”) were entitled to one vote for each share held on all matters submitted to them for their vote or approval. Holders (each, a “Predecessor Preferred Stockholder”) of shares of Series A and Series B Preferred Stock of Verra Mobility prior to the Merger (collectively, “Predecessor Preferred Stock”) were entitled to the number of votes equal to the number of shares of Predecessor Common Stock into which such shares of Predecessor Preferred Stock could be converted. The voting rights and powers of Predecessor Preferred Stockholders were equal to those of the Predecessor Common Stockholders voting together with the Predecessor Common Stock as a single class.

Shares of Predecessor Preferred Stock were convertible at the option of the holder into the number of shares of Predecessor Common Stock as determined by dividing the original issue price by the then effective conversion price. Shares of Predecessor Preferred Stock were subject to automatic conversion into shares of Predecessor Common Stock based on the then-effective conversion price upon an initial public offering having a per share price of not less than $3.125 with minimum net proceeds of $30.0 million, or if greater than 50% of the Predecessor Series A Preferred Stockholders, voting as a separate class, elect to convert the shares of Predecessor Series A Preferred Stock into shares of Predecessor Common Stock, or if greater than 50% of the Predecessor Series B Preferred Stockholders, voting as a separate class, elect to convert the shares of Predecessor Series B Preferred Stock into shares of Predecessor Common Stock.

Shares of Predecessor Preferred Stock have been classified as equity on the consolidated balance sheet. The features of the Preferred Stock are those of an equity instrument based on consideration of the terms of the Predecessor Preferred Stock. The conversion feature does not require accounting separate from the Predecessor Preferred Stock, because it is considered to be clearly and closely related to the Predecessor Preferred Stock. The redemption feature does not qualify as a derivative on a stand-alone basis.

The holders of Predecessor Series A Preferred Stock and Predecessor Series B Preferred Stock were entitled to receive dividends at $0.10 and $0.16 per share, respectively, payable only if and when declared by the Board of Directors. The dividends on each share were noncumulative and accrue from the date declared by the Board of Directors. Predecessor Preferred Stockholders were equally entitled to receive this dividend prior to and in preference to a dividend on any shares of Predecessor Common Stock. After the Predecessor Preferred Stockholders have received the preferential dividend described above, they were entitled to participate, on an as-converted basis to Predecessor Common Stock, in any additional dividends declared on Predecessor Common Stock. In April 2016, Verra Mobility paid a cash dividend to all Predecessor Common Stockholders and Predecessor Preferred Stockholders in the amount of $0.30 per share, for a total of $47.1 million. The Predecessor Preferred Stockholders waived their right to certain preferential dividends under Verra Mobility’s organizational documents. There were no accrued dividends at December 31, 2016.

As a result of the Merger, all outstanding shares of Predecessor Common Stock and Predecessor Preferred Stock were cancelled and converted into the right to receive $3.10 for each share.

Equity Incentive Plan

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Equity Incentive Plan

13.	Equity Incentive Plan

Successor

In October 2018, the Company established the Verra Mobility 2018 Equity Incentive Plan (the “2018 Plan”). The plan provides for awards of a variety of stock-based awards to employees, consultants and directors. The maximum number of shares of the Company’s Common Stock that may be subject to awards under the 2018 Plan was 10,864,000 as of December 31, 2018, subject to adjustment in accordance with the terms of the 2018 Plan. At December 31, 2018 the Company had an aggregate of 6,426,924 shares of Common Stock available for future grants under the 2018 Plan.

The Company’s restricted stock units (“RSU’s”) consist of a right to receive shares on one or more vesting dates in the future. RSU’s granted to employees vest ratably over four years from their individual award dates, subject to continued employment on the applicable vesting dates. RSU’s granted to non-employee directors vest on the earlier of (a) first anniversary of the Vesting Start Date, or (b) the date immediately prior to the next annual meeting of Company stockholders occurring after the Date of Grant. The following table summarizes the activity of the Company’s RSU’s:

	2018
	Shares		Weighted Average Grant Date Fair Value
Balance at December 31, 2017		—		—
Granted		4,437,076	$	10.13
Vested		—		—
Forfeited		—		—
Balance at December 31, 2018		4,437,076	$	10.13

No RSU’s granted pursuant to the 2018 Plan vested in 2018. Stock-based compensation expense was $2.3 million in 2018, the components of which are as follows:

	Year Ended
	December 31, 2018
Operating Expenses	$	136,658
Selling, general and administrative expenses		2,135,216
Total stock-based compensation expense	$	2,271,874

As of December 31, 2018, approximately $42.7 million of unrecognized stock-based compensation expense related to unvested awards is expected to be recognized over a weighted-average period of approximately 3.8 years for awards under the 2018 Plan.

Tax benefits attributable to stock-based compensation represented approximately 19.7% of stock-based compensation expense during the year ended December 31, 2018.

On July 6, 2017, Greenlight implemented the 2017 Participation Plan (the “2017 Plan”) under which those employees who were participants in the plan may have been entitled to receive compensation upon the occurrence of certain qualifying events. As of December 31, 2017, no qualifying events occurred; and, no amounts have been paid under the 2017 Plan, and no expense has been recorded.

On April 9, 2018, the Company terminated the 2017 Plan and replaced it with the 2018 Participation Plan. The 2018 Participation Plan had substantially similar terms and provisions as the 2017 Plan. The 2018 Plan may be modified at any point before a qualifying event. The 2018 Plan The 2018 Participation Plan was terminated upon the closing of the Business Combination in exchange for a cash payment to participants in the 2018 Participation Plan of $28.4 million. The payment was funded via a capital contribution by Platinum Equity.

Predecessor

The Company had a 2010 Long-Term Incentive Plan (“2010 Plan”) which allowed the Company to grant appreciation rights in Phantom Stock Units (each, a “PSU” and collectively, “PSUs”) to employees, officers and nonemployee directors of the Company. PSUs vested ratably over five years and paid out on the sixth anniversary of the grant date.

PSU liability payouts related to departed 2010 Plan participants during the year ended December 31, 2016 were $1.3 million. In 2016, the Company terminated the 2010 Plan and cancelled all outstanding PSUs.

In 2016, the Company created a 2016 Equity Incentive Plan (the “2016 Plan”), which allowed the Company to grant stock appreciation rights (each, a “SAR” and collectively, “SARs”), options, restricted stock or restricted stock units to employees, directors, consultants and service providers. Awards vested ratably over four years and paid out on a change in control of the Company. The Company initially granted 11,222,500 SARs under the 2016 Plan, with an initial strike price of $2.24 per SAR that was subsequently amended to $1.96 per SAR. As a result of the ATS Merger all 10,447,500 remaining outstanding SARs were paid out at $3.10 per SAR resulting in an $11.9 million charge recognized in selling, general, and administrative expense. The Company terminated the 2016 Plan concurrent to the payout of the remaining SARs.

The Company recorded a stock-based compensation recovery (income) of ($0.6) million for the year ended December 31, 2016.

The total PSUs outstanding under the 2010 Plan are as follows:

						Weighted
				Weighted		Average
	Number of			Average Strike		Remaining
	PSUs			Price		Term
Balance at December 31, 2016		6,622,000			2.52	3.47 years
Granted		—			—
Paid out		(2,053,000	)		—
Forfeited		(4,569,000	)		2.78
Balance at December 31, 2017		—

A total of 15 million awards were authorized under the 2016 Plan. The total awards outstanding under the 2016 Plan are as follows:

						Weighted
				Weighted		Average
	Number of			Average Strike		Remaining
	SARs			Price		Term
Balance at December 31, 2016		10,647,500			1.96	9.05 years
Forfeited		(200,000	)		1.96
Balance at May 31, 2017		10,447,500			1.96	8.63 years
Paid out		(10,447,500	)		1.96
Balance at December 31, 2017		—

Employee Benefit Plan

12 Months Ended

Dec. 31, 2018

Employee Benefit Plans [Abstract]

Employee Benefit Plan

14.	Employee Benefit Plan

The Company has a 401(k) plan that covers substantially all employees who meet certain eligibility requirements. Company employees may elect to have a portion of their compensation withheld up to the statutory limit. The 401(k) plan includes a Company match that vests immediately. The Company made employer contributions of $1.6 million, $0.7 million, $0.6 million, and $1.3 million during the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2018

Related Party Transactions

15.	Related Party Transactions

Tax Receivable Agreement

At the closing of the Business Combination, the Company entered into a Tax Receivable Agreement (“TRA”) with the Platinum Stockholder and the Stockholder Representative. The TRA generally provides for the payment by the post-closing company to the Platinum Stockholder of 50% of the net cash savings, if any, in U.S. federal, state and local income tax that the post-closing company actually realizes (or is deemed to realize in certain circumstances) in periods after the closing of the Business Combination as a result of the increase in the tax basis of the intangible assets of HTA which resulted from the acquisition of HTA by Verra Mobility prior to the Business Combination. The post-closing company generally will retain the benefit of the remaining 50% of these cash savings. The Company estimates the potential maximum benefit to be paid will be approximately $70 million. The Company estimated and recorded an initial liability and corresponding charge to equity of $70 million at the closing of the Business Combination and the amount remains $70 million at December 31, 2018. Adjustments to the liability under the TRA will be based upon changes future anticipated taxable income and recorded in the statement of operations.

Earn-Out Agreement

The Earn-Out Shares will be issued by the Company to the Platinum Stockholder as follows:

•

a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $13.00;

•

a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $15.50;

•

a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $18.00; and

•

a one-time issuance of 2,500,000 shares if the Common Stock Price is greater than $20.50.

If any of the Common Stock Price thresholds described in the foregoing clauses (i) through (iv) are not achieved within the five-year period following the closing of the Business Combination, the Company will not be required to issue the Earn-Out Shares in respect of such Common Stock Price threshold. In no event shall the Platinum Stockholder be entitled to receive more than an aggregate of 10,000,000 Earn-Out Shares.

If, during the earn-out period, there is a change of control (as defined in the Merger Agreement) that will result in the holders of Parent Class A Common Stock receiving a per share price equal to or in excess of the applicable Common Stock Price required in connection with any Triggering Event (an “Acceleration Event”), then immediately prior to the consummation of such change of control: (a) any such Triggering Event that has not previously occurred shall be deemed to have occurred; and (b) Parent shall issue the applicable Earn-Out Shares to the Cash Consideration Stockholders (as defined in the Merger Agreement) (in accordance with their respective pro rata cash share), and the recipients of the issued Earn-Out Shares shall be eligible to participate in such change of control.

The Company has estimated the fair value of the contingently issuable shares to be $73.15 million. The Company used a Monte Carlo simulation option-pricing model to arrive at this estimate. Each tranche was valued separately giving specific consideration to the tranche’s price target. The simulation considered volatility and risk free rates utilizing a peer group based on a five year term. This is initially recorded as a distribution to shareholders and is presented as contingently issuable shares. Upon the occurrence of a Triggering Event, any issuable shares would be transferred from contingently issuable shares to Common Stock and additional paid in capital. Any contingently issuable shares not issued as a result of a Triggering Event not being attained by the end of earn-out period will be cancelled.

Successor – Advisory Services Agreement

Greenlight Holding Corporation, on behalf of itself and its subsidiaries, including the Company, had a corporate advisory services agreement with Advisors whereby the Company paid a management fee for services and the related expenses incurred by Advisors in the provision of those services. For the 2017 Successor Period, the Company paid $3.8 million in management fees and an additional $0.5 million in related expenses. In conjunction with the Business Combination, the Company paid $8.0 million related to the provision of acquisition related services and $2.0 million related to the provision of debt financing related services.

On January 7, 2019, the Company entered into a new corporate advisory services agreement with Advisors, whereby Advisors will provide certain transactional and corporate advisory services to the Company as mutually agreed by the parties. No fees are payable under the agreement, but the Company must reimburse Advisors for its out-of-pocket expenses incurred in connection with services rendered.

Predecessor – Supply and Distribution Agreement

The Company has an exclusive Supply and Distribution Agreement with an affiliate of a former stockholder of Verra Mobility (“Related Party Vendor”). The agreement covers the development and supply of photo-traffic law enforcement equipment and expires in September 2019. During the 2017 Predecessor Period and the year ended December 31, 2016, the Company purchased a total of $3.7 million and $5.2 million, respectively, from the Related Party Vendor. Upon the ATS Merger, this Related Party Vendor was no longer a stockholder of Verra Mobility.

Commitment and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

16.	Commitments and Contingencies

The Company has issued various letters of credit under contractual arrangements with certain of its vendors and customers. Outstanding letters of credit under these arrangements totaled $1.0 million at December 31, 2018.

The Company has issued non-cancelable purchase commitments to certain vendors. The aggregate non-cancelable purchase commitments outstanding at December 31, 2018 were $8.5 million.

Legal Proceedings

The Company is subject to legal and regulatory actions that arise from time to time in the ordinary course of business. The Company records a liability when it believes it is probable a loss was incurred and the amount of loss or range of loss can be reasonably estimated. The assessment as to whether a loss is probable, reasonably possible or remote, and as to whether a loss or a range of such loss is estimable, often involves significant judgment about future events. The Company has determined that resolution of pending matters is not probable to have a material adverse impact on its consolidated results of operations, cash flows, or financial position. However, the outcome of litigation is inherently uncertain. As additional information becomes available, the Company reassesses the potential liability.

The Company and one of its Commercial Services customers reached a settlement agreement in February 2019 with the city of San Francisco regarding certain aspects of the disclosures and operations of tolling services provided to consumers using the Golden Gate Bridge. The Company and the Commercial Services customer agreed to make an aggregate one-time payment of $3.65 million and change certain disclosures and business practices. The Company and the Commercial Services customer will split the settlement amount 50/50 and expect to make the payment to the city of San Francisco in March 2019. The Company accrued $1.83 million for this payment and such amount is included in accrued liabilities at December 31, 2018.

Operating Lease Agreements

The Company is obligated under various operating lease agreements for office and warehouse space, with payments ranging from $950 to $183,863 per month, expiring at various dates through April 2026 and with optional renewal terms. The Company is also obligated for its proportionate share of operating expenses and real estate taxes of the facilities. Rent expense under these operating leases was $4.1 million, $2.1 million, $1.3 million and $3.0 million for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016.

The Company also leases equipment under various operating lease agreements, which expire at various dates through October 2021. Monthly rental payments under these operating lease agreements range from 9,523. Rent expense under these operating leases was $0.2 million, $0.1 million, $0.1 million and $0.2 million for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016.

At December 31, 2018, total future minimum lease payments over the remaining lease periods are as follows:

2019	$	3,934,786
2020		3,719,541
2021		3,354,254
2022		2,435,299
2023		2,159,002
Thereafter		5,014,146
Total	$	20,617,028

Segment Reporting

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Reporting

17.	Segment Reporting

The Company has two operating and reportable segments, Government Solutions and Commercial Services. Government Solutions delivers traffic law enforcement services and products to state and local governments. Commercial Services delivers tolling and violation management services to rental car companies, commercial fleet vehicle owners and violation issuing authorities. The Company’s Chief Operating Decision Maker (“CODM”) function is comprised of the Company’s CEO and certain defined representatives of the Company’s executive management team. The Company’s CODM function monitors operating performance, allocates resources and deploys capital based on these two operating and reportable segments.

Segment performance is based on revenues and income (loss) from operations before depreciation, amortization, stock-based compensation, impairment and gain (loss) on disposal of assets and after other income, net. The table below refers to this measure as Segment profit (loss). Depreciation, amortization, stock-based compensation, impairment and gain (loss) on disposal of assets, interest expense, loss on extinguishment of debt and income taxes are not indicative of operating performance, and, as a result are not included in the measures that are reviewed by the CODM function for the operating and reportable segments. Other income, net consists primarily of credit card rebates earned on the prepayment of tolling violations and therefore included in Segment profit (loss). There are no significant non-cash items reported in Segment profit (loss).

The Company allocates certain corporate expenses to the two operating and reportable segments. The corporate expenses are allocated using several different factors depending on the item being allocated. These factors range from specific identification to headcount based to split evenly between the two operating and reportable segments. Corporate expenses includes all of the items above that are not included in Segment profit plus, income taxes, transaction expenses, fees to Advisors and other items designated by the CODM function as corporate initiatives.

The Company does not disaggregate assets by segment other than equipment installed at customer sites and automobiles, which had carrying values of $48.1 million and $0.8 million, respectively, at December 31, 2018 and carrying values of $46.8 million and $0.7 million, respectively, at December 31, 2017 all of which relate solely to the Government Solutions segment. See Note 6 for goodwill balances by segment.

The following tables set forth financial information by segment for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016:

	Successor
	Government			Commercial			Corporate and
For the year ended December 31, 2018	Solutions			Services			Other			Total
Service revenue	$	142,464,495		$	222,611,440		$	—		$	365,075,935
Product sales		5,069,785			—			—			5,069,785
Total revenue		147,534,280			222,611,440			—			370,145,720

Cost of service revenue		2,709,507			3,078,192			—			5,787,699
Cost of product sales		3,446,929			—			—			3,446,929
Operating expenses (a)		57,525,221			51,221,743			—			108,746,964
Selling, general and administrative expenses		27,826,583			55,369,275			50,737,559			133,933,417
Other (income) expense, net		(116,927	)		(8,679,801	)		2,132			(8,794,596	)
Segment Profit (Loss)	$	56,142,967		$	121,622,031		$	(50,739,691	)	$	127,025,307

Segment profit (loss)	$	56,142,967		$	121,622,031		$	(50,739,691	)	$	127,025,307
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			103,352,668			103,352,668
Stock-based compensation		—			—			2,271,874			2,271,874
Interest expense		—			—			69,550,214			69,550,214
Loss on extinguishment of debt		—			—			26,486,179			26,486,179
Income (loss) before income taxes	$	56,142,967		$	121,622,031		$	(252,400,626	)	$	(74,635,628	)

	Successor
	Government			Commercial			Corporate and
For the seven months ended December 31, 2017	Solutions			Services			Other			Total
Service revenue	$	79,781,405		$	55,873,872		$	—		$	135,655,277
Product sales		2,583,410			—			—			2,583,410
Total revenue	$	82,364,815		$	55,873,872		$	—		$	138,238,687

Cost of service revenue		1,509,923			426,140			—			1,936,063
Cost of product sales		1,590,018			—			—			1,590,018
Operating expenses		34,046,222			16,424,833			—			50,471,055
Selling, general and administrative expenses		11,766,377			14,784,038			18,331,725			44,882,140
Other (income) expense, net		(62,799	)		(2,114,474	)		5,012			(2,172,261	)
Segment Profit (Loss)	$	33,515,074		$	26,353,335		$	(18,336,737	)	$	41,531,672

Segment profit (loss)	$	33,515,074		$	26,353,335		$	(18,336,737	)	$	41,531,672
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			33,112,553			33,112,553
Interest		—			—			20,857,920			20,857,920
Income (loss) before income taxes	$	33,515,074		$	26,353,335		$	(72,307,210	)	$	(12,438,801	)

	Predecessor
	Government			Commercial			Corporate and
For the five months ended May 31, 2017	Solutions			Services			Other			Total
Service revenue	$	57,021,850		$	35,509,089		$	—		$	92,530,939
Product sales		1,340,191			—			—			1,340,191
Total revenue		58,362,041			35,509,089			—			93,871,130

Cost of service revenue		1,174,923			194,522			—			1,369,445
Cost of product sales		963,504			—			—			963,504
Operating expenses		24,702,104			11,265,560			—			35,967,664
Selling, general and administrative expenses		9,230,714			9,881,849			21,771,616			40,884,179
Other (income) expense, net		(48,416	)		(1,243,281	)		(2,602	)		(1,294,299	)
Segment Profit (Loss)	$	22,339,212		$	15,410,439		$	(21,769,014	)	$	15,980,637

Segment profit (loss)	$	22,339,212		$	15,410,439		$	(21,769,014	)	$	15,980,637
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			12,613,143			12,613,143
Interest		—			—			875,102			875,102
Income (loss) before income taxes	$	22,339,212		$	15,410,439		$	(35,257,259	)	$	2,492,392

	Successor
	Government			Commercial			Corporate and
For the year ended December 31, 2016	Solutions			Services			Other			Total
Service revenue	$	132,223,777		$	80,290,935		$	—		$	212,514,712
Product sales		18,234,874			—			—			18,234,874
Total revenue		150,458,651			80,290,935			—			230,749,586

Cost of service revenue		2,355,626			282,444			—			2,638,070
Cost of product sales		9,505,473			—			—			9,505,473
Operating expenses		55,805,204			27,957,195			—			83,762,399
Selling, general and administrative expenses		24,343,844			28,431,818			877,120			53,652,782
Other (income) expense, net		(212,391	)		(2,252,874	)		(5,511	)		(2,470,776	)
Segment Profit (Loss)	$	58,660,895		$	25,872,352		$	(871,609	)	$	83,661,638

Segment profit (loss)	$	58,660,895		$	25,872,352		$	(871,609	)	$	83,661,638
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			33,916,936			33,916,936
Stock-based compensation		—			—			(618,911	)		(618,911	)
Interest expense		—			—			2,706,499			2,706,499
Income (loss) before income taxes	$	58,660,895		$	25,872,352		$	(36,876,133	)	$	47,657,114

The Company operates in the United States, Canada and Europe. Revenues are attributable to countries based upon the location of the customer. During the year ended December 31, 2018 the Company’s international revenues were $11.0 million. The Company’s international revenues for the 2017 Successor period, the 2017 Predecessor period and the 2016 Predecessor period were zero. Substantially all of the Company’s assets are in the United States.

Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

18.	Quarterly Financial Information (Unaudited)

	Successor
	First			Second			Third		Fourth
	Quarter			Quarter			Quarter		Quarter(a)
For the year ended December 31, 2018
Total revenues	$	69,240,845		$	98,196,983		$	107,602,480	$	95,105,412
(Loss) income from operations		(7,263,251	)		11,784,509			26,195,337		(18,110,426	)
Net (loss) income		(22,157,802	)		(4,795,024	)		6,512,713		(37,954,403	)
Earnings (loss) per share - basic and diluted	$	(0.35	)	$	(0.07	)	$	0.09	$	(0.27	)

(a)

The Company recorded certain out-of-period adjustments that reduced revenue in the fourth quarter of the year ended December 31, 2018, which aggregated to $4.2 million. The impact of these adjustments to the Company’s fourth quarter consolidated financial statements was not material.

	Predecessor					Successor
			Period from			Period from								Period from
			April 1, 2017 to			June 1, 2017 to								June 1, 2017 to
	First Quarter		May 31, 2017			June 30, 2017			Third Quarter			Fourth Quarter		December 31, 2017
For the year ended December 31, 2017
Total revenues	$	54,700,429	$	39,170,702		$	18,985,259		$	56,089,392		$	63,164,036	$	138,238,687
Operating income (loss)		12,897,898		(10,824,703	)		(7,792,263	)		3,211,500			10,827,621		6,246,858
Net income (loss)		8,132,471		(6,892,872	)		(7,596,204	)		(3,347,149	)		29,181,575		18,238,222
Earnings (loss) per share - basic and diluted	(a)		(a)			$	(0.13	)	$	(0.06	)	$	0.48	$	0.30

(a)

Basic and diluted EPS for the predecessor periods are not presented for lack of comparability with the successor periods

Guarantor/Non-Guarantor Financial Information

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Guarantor/Non-Guarantor Financial Information

19.	Guarantor/Non-Guarantor Financial Information

VM Consolidated, Inc. a wholly owned subsidiary of the Company is the lead borrower of the New First Lien Term Loan and the New Revolver. VM Consolidated, Inc. is owned by the Company through a series of holding companies that ultimately end with the Company. VM Consolidated, Inc. is 100% owned by Greenlight Acquisition Corporation, which is wholly owned by Greenlight Intermediate Holding Corporation, which is wholly owned by Greenlight Holding Corporation, which is wholly owned by Verra Mobility Holdings, LLC, which is wholly owned by Verra Mobility Corporation or the Company. Prior to the Business Combination, VM Consolidated, Inc.’s financial information were the same as those of the lead borrower. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s wholly-owned subsidiary guarantors and non-guarantor subsidiaries.

The following financial information presents Consolidated Balance Sheets as of December 31, 2018 and the related Consolidated Statements of Income and Comprehensive Loss and Cash Flows for the years ended December 31, 2018 for the Company, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries:

Verra Mobility Corporation and Subsidiaries

Consolidated Balance Sheets

at December 31, 2018

			VM
	Verra Mobility		Consolidated Inc.
	Corporation		(Guarantor
	(Ultimate Parent)		Subsidiary)		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	65,048,194	$	—		$	65,048,194
Restricted cash		—		2,033,186		—			2,033,186
Accounts receivable, net		—		87,510,691		—			87,510,691
Unbilled receivables		—		12,955,507		—			12,955,507
Investment in subsidiary		132,797,289		—		(132,797,289	)		—
Prepaid expenses and other current assets		—		17,600,270		—			17,600,270
Total current assets		132,797,289		185,147,848		(132,797,289	)		185,147,848

Installation and service parts, net		—		9,282,064		—			9,282,064
Property and equipment, net		—		69,242,811		—			69,242,811
Intangible assets, net		—		514,541,531		—			514,541,531
Goodwill		—		564,723,498		—			564,723,498
Due from affiliates		169,258,843		—		(169,258,843	)		—
Other non-current assets		—		1,845,443		—			1,845,443
Total assets	$	302,056,132	$	1,344,783,195	$	(302,056,132	)	$	1,344,783,195

Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	—	$	45,188,357	$	—		$	45,188,357
Accrued liabilities		—		14,443,967		—			14,443,967
Current portion of long-term debt		—		9,103,518		—			9,103,518
Total current liabilities		—		68,735,842		—			68,735,842

Long-term debt, net of current portion and deferred financing costs		—		860,249,164		—			860,249,164
Other long-term liabilities		—		3,368,710		—			3,368,710
Payable related to tax receivable agreement				69,996,334		—			69,996,334
Due to affiliates		—		169,258,843		(169,258,843	)		—
Asset retirement obligation		—		6,749,822		—			6,749,822
Deferred tax liabilities		—		33,627,191		—			33,627,191
Total Liabilities		—		1,211,985,906		(169,258,843	)		1,042,727,063

Total stockholders' equity		302,056,132		132,797,289		(132,797,289	)		302,056,132
Total liabilities and stockholders' equity	$	302,056,132	$	1,344,783,195	$	(302,056,132	)	$	1,344,783,195

Verra Mobility Corporation and Subsidiaries

Consolidated Statements of Operations and Comprehensive Loss

Year Ended December 31, 2018

	Successor
				VM
	Verra Mobility			Consolidated Inc.
	Corporation			(Guarantor
	(Ultimate Parent)			Subsidiary)			Eliminations			Consolidated
Service revenue	$	—		$	365,075,935		$	—		$	365,075,935
Product sales		—			5,069,785			—			5,069,785
Total revenue		—			370,145,720			—			370,145,720

Cost of service revenue		—			5,787,699			—			5,787,699
Cost of product sales		—			3,446,929			—			3,446,929
Operating expenses		—			108,883,622			—			108,883,622
Selling , general and administrative expenses		—			136,068,633			—			136,068,633
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net		—			103,352,668			—			103,352,668
Total costs and expenses		—			357,539,551			—			357,539,551
Income from operations		—			12,606,169			—			12,606,169

Loss (income) from equity investment		58,394,516			—			(58,394,516	)		—
Interest expense		—			69,550,214			—			69,550,214
Loss on extinguishment of debt		—			26,486,179			—			26,486,179
Other income, net		—			(8,794,596	)		—			(8,794,596	)
Total other expense (income)		58,394,516			87,241,797			(58,394,516	)		87,241,797

(Loss) income before income tax (benefit) provision		(58,394,516	)		(74,635,628	)		58,394,516			(74,635,628	)

Income tax (benefit) provision		—			(16,241,112	)		—			(16,241,112	)

Net (loss) income	$	(58,394,516	)	$	(58,394,516	)	$	58,394,516		$	(58,394,516	)
Other comprehensive income:
Foreign currency translation adjustment		—			(5,820,312	)		—			(5,820,312	)
Change in interest rate swap valuation, net of taxes		—			—			—			—
Total comprehensive (loss) income	$	(58,394,516	)	$	(64,214,828	)	$	58,394,516		$	(64,214,828	)

Verra Mobility Corporation and Subsidiaries

Consolidated Statements of Cash Flows

Year Ended December 31, 2018

	Successor
				VM
	Verra Mobility			Consolidated Inc.
	Corporation			(Guarantor
	(Ultimate Parent)			Subsidiary)			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$	(58,394,516	)	$	(58,394,516	)	$	58,394,516		$	(58,394,516	)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		—			103,346,438			—			103,346,438
Loss on extinguishment of debt		—			26,486,179			—			26,486,179
Deferred financing cost amortization		—			9,167,979			—			9,167,979
Accretion expense		—			396,374			—			396,374
Write-downs of installation and service parts and (gain) loss on disposal of assets		—			6,230			—			6,230
Installation and service parts expense		—			1,238,512			—			1,238,512
Bad debt expense		—			6,024,939			—			6,024,939
Deferred income taxes		—			(24,434,693	)		—			(24,434,693	)
Loss on equity investment		58,394,516			—			(58,394,516	)		—
Stock-based compensation		—			2,271,874			—			2,271,874
Changes in operating assets and liabilities:
Accounts receivable, net		—			(23,721,307	)		—			(23,721,307	)
Unbilled receivables		—			(6,123,612	)		—			(6,123,612	)
Due from affiliates		—			169,258,843			(169,258,843	)
Prepaid expense and other current assets		—			2,959,758			—			2,959,758
Other assets		—			(845,281	)		—			(845,281	)
Accounts payable and accrued liabilities		—			7,125,305			—			7,125,305
Due to affiliates		(169,258,843	)					169,258,843			—
Other Liabilities		—			512,648			—			512,648
Net cash provided by operating activities		(169,258,843	)		215,275,670			—			46,016,827
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash and restricted cash acquired		—			(536,698,777	)		—			(536,698,777	)
Purchases of installation and service parts and property and equipment		—			(26,576,364	)		—			(26,576,364	)
Cash proceeds from the sale of assets and insurance recoveries		—			418,238			—			418,238
Net cash provided by (used in) investing activities		—			(562,856,903	)		—			(562,856,903	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sucessor borrowings on revolver		—			468,306			—			468,306
Successor repayment on revolver		—			(468,306	)		—			(468,306	)
Successor borrowings of long-term debt		—			1,103,800,000			—			1,103,800,000
Successor repayment of long-term debt		—			(654,850,879	)		—			(654,850,879	)
Successor payment of debt issuance costs		—			(31,752,670	)		—			(31,752,670	)
Payment of debt extinguishment costs		—			(12,186,961	)		—			(12,186,961	)
Payment of underwriting and transaction costs		(24,023,524	)		—			—			(24,023,524	)
Capitalization from Merger with Gores Holdings II		803,293,629			—			—			803,293,629
Capital contribution from Greenlight		169,258,843									169,258,843
Successor distribution to selling shareholders		(779,270,105	)		—			—			(779,270,105	)
Net cash provided by (used in) by financing activities		169,258,843			405,009,490			—			574,268,333

Effect of exchange rate changes on cash and cash equivalents		—			(856,487	)		—			(856,487	)

Net increase in cash, cash equivalents and restricted cash		—			56,571,770			—			56,571,770
Cash, cash equivalents and restricted cash - beginning of period		—			10,509,610			—			10,509,610
Cash, cash equivalents and restricted cash - end of period	$	—		$	67,081,380		$	—		$	67,081,380

Verra Mobility Corporation and Subsidiaries

Consolidated Statements of Cash Flows

Year Ended December 31, 2018

	Successor
			VM
	Verra Mobility		Consolidated Inc.
	Corporation		(Guarantor
	(Ultimate Parent)		Subsidiary)		Eliminations		Consolidated
Supplemental cash flow information:
Interest paid	$	—	$	60,440,916	$	—	$	60,440,916
Income taxes paid (refunded), net		—		761,597		—		761,597
Supplemental non-cash investing and financing activities:
Non-cash additions (reductions) to ARO, property and equipment, and other		—		147,240		—		147,240
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year end		—		3,179,035		—		3,179,035
Tax receivable agreement established in merger recorded in equity		—		69,996,334		—		—
Capital contribution received in Parent Common Stock and subsequently exchanged in acquisition of business		—		117,555,632		—		117,555,632

Summary of Significant Accounting Principles and Policies (Policies)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Principles of Consolidation

Use of Estimates

Management believes that its estimates and assumptions are reasonable in the circumstances; however, actual results could differ materially from those estimates.

Prior Period Reclassifications

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with a remaining maturity of three months or less when acquired to be cash equivalents.

Restricted Cash

Concentration of Credit Risk

Allowance for Doubtful Accounts

Fair Value of Measurements

Fair Value Measurements

As of December 31, 2018 and 2017, the amounts of our assets and liabilities that were accounted for at fair value were immaterial.

Level 1 – Fair value is based on observable inputs such as quoted prices for identical assets or liabilities in active markets.

Fair Value of Financial Instruments

Level in

December 31, 2018

December 31, 2017

Fair Value

Carrying

Estimated

Carrying

Estimated

Hierarchy

Amount

Fair Value

Amount

Fair Value

Long-term debt

869,352,682

889,971,259

428,689,034

455,100,625

Installation and Service Parts

Property and Equipment

Building		39 years
Equipment installed at customer sites		3-7 years
Computer equipment		3-5 years
Furniture		5-10 years
Automobiles		5-6 years
Software		3-5 years
Leasehold improvements		Shorter of lease term or estimated useful life

Goodwill

Intangible Assets

Impairment of Long-Lived Assets

Self-Insurance

Asset Retirement Obligations

Deferred Financing Costs

Income Taxes

Stock-based Compensation

Earn-Out Agreement with Related Party

Revenue Recognition

Government Solutions

Contracts including both service revenue and product sales are recognized based on each deliverable’s individual selling price once the product or service has been delivered.

Commercial Services

Service revenues are recognized as services are performed. Service agreements typically include the provision of toll and violation management solutions.

Credit Card Rebates

Advertising Costs

Foreign Currency

Business Combinations

Segment Information

Recent Accounting Pronouncements

Accounting Standards Adopted

	December 31,
	2018		2017
Cash and cash equivalents	$	65,048,194	$	8,724,945
Restricted Cash		2,033,186		1,784,665
Cash, cash equivalents and restricted cash in the consolidated statements of cash flows	$	67,081,380	$	10,509,610

Accounting Standards Not Yet Adopted

Summary of Significant Accounting Principles and Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Carrying Value and Fair Value of Long-term Debt Instruments

The carrying value and fair value of these long-term debt instruments are as follows:

Level in

December 31, 2018

December 31, 2017

Fair Value

Carrying

Estimated

Carrying

Estimated

Hierarchy

Amount

Fair Value

Amount

Fair Value

Long-term debt

869,352,682

889,971,259

428,689,034

455,100,625

Estimated Useful Lives of Property and Equipment

Building		39 years
Equipment installed at customer sites		3-7 years
Computer equipment		3-5 years
Furniture		5-10 years
Automobiles		5-6 years
Software		3-5 years
Leasehold improvements		Shorter of lease term or estimated useful life

Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block]

	December 31,
	2018		2017
Cash and cash equivalents	$	65,048,194	$	8,724,945
Restricted Cash		2,033,186		1,784,665
Cash, cash equivalents and restricted cash in the consolidated statements of cash flows	$	67,081,380	$	10,509,610

Merger and Acquisition (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Pro Forma Financial Information

The pro forma information includes adjustments to record the assets and liabilities associated with the Transactions at their respective fair values based on available information and to give effect to the financing for the Transactions.

	Successor					Predecessor
	Year Ended			Seven months ended		Five months ended			Year Ended
	December 31, 2018			December 31, 2017		May 31, 2017			December 31, 2016
Revenue	$	389,367,087		$	210,563,096	$	138,178,167		$	329,407,665
Income from operations		39,559,861			29,241,973		17,148,364			26,945,720
Net income (loss) before income tax benefit		(8,743,255	)		1,596,488		(1,669,275	)		(15,946,740	)
Net income (loss)		(9,583,012	)		27,360,377		(1,219,511	)		(8,782,820	)
Earnings per share - basic	$	(0.06	)	$	0.18	$	(0.01	)	$	(0.06	)

ATS Merger

Summary of Preliminary Allocation of Purchase Price

Assets acquired
Cash	$	9,112,114
Restricted cash		1,229,118
Accounts receivable		50,908,663
Prepaid expense and other current assets		7,764,515
Installation and service parts		9,109,702
Property and equipment		64,596,596
Goodwill		294,414,522
Intangible assets		222,500,000
Other non-current assets		1,122,588
Total assets acquired		660,757,818

Liabilities assumed
Accounts payable and accrued expenses		22,565,224
Other long-term liabilities		9,310,190
Deferred tax liability		80,687,311
Total liabilities assumed		112,562,725
Total purchase price	$	548,195,093

HTA Merger

Summary of Preliminary Allocation of Purchase Price

The allocation of the purchase price is summarized as follows:

Assets acquired
Cash	$	2,995,722
Accounts receivable		10,219,709
Prepaid expense and other current assets		5,266,168
Installation and service parts		296,535
Property and equipment		995,816
Customer relationships		242,500,000
Developed technology		72,800,000
Non-competition agreements		48,500,000
Trademark		5,500,000
Goodwill		233,271,150
Total assets acquired		622,345,100

Liabilities assumed
Accounts payable and accrued expenses		14,267,971
Deferred tax liability		4,733,044
Total liabilities assumed		19,001,015
Total purchase price	$	603,344,085

EPC Merger

Summary of Preliminary Allocation of Purchase Price

The preliminary allocation of the purchase consideration is summarized as follows:

Assets acquired
Cash	$	9,029,240
Other assets		1,948,150
Trademark		1,100,000
Customer relationships		19,400,000
Developed technology		3,900,000
Goodwill		40,825,951
Total assets acquired		76,203,341

Liabilities assumed
Accounts payable and accrued expenses		8,994,939
Deferred tax liability		4,273,117
Total liabilities assumed		13,268,056
Total purchase price	$	62,935,285

Sunshine Acquisition

Summary of Preliminary Allocation of Purchase Price

The allocation of the purchase price is summarized as follows:

Assets acquired
Accounts receivable, net	$	46,073
Property and equipment		88,273
Non-compete agreements		3,000
Customer relationships		17,196,000
Software		250,000
Tradename		487,000
Goodwill		4,927,904
Total assets acquired		22,998,250

Liabilities assumed
Advanced deposits payable		1,765,261
Total purchase price	$	21,232,989

Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2018

Prepaid Expense And Other Assets Current [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets, consist of the following at December 31:

	2018		2017
Prepaid income taxes	$	1,561,787	$	8,144,196
Prepaid services		3,016,849		2,476,575
Prepaid tolls		8,434,367		2,466,005
Prepaid computer maintenance		1,709,238		1,894,032
Prepaid insurance		1,230,086		353,654
Deposits		838,640		82,398
Prepaid rent		406,361		323,367
Other		402,942		48,685
Total prepaid expenses and other current assets	$	17,600,270	$	15,788,912

Property and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Schedule of Property and Equipment, net

Property and equipment, net, consists of the following at December 31:

	2018			2017
Construction in progress	$	2,097,061		$	3,796,167
Equipment installed at customer sites		70,164,185			58,679,973
Computer equipment		5,758,127			2,320,481
Furniture		1,825,553			1,542,589
Automobiles		1,288,828			909,545
Software		11,189,356			4,885,679
Leasehold improvements		7,899,013			7,710,392
Property and equipment		100,222,123			79,844,826
Less: accumulated depreciation		(30,979,312	)		(14,474,130	)
Property and equipment, net	$	69,242,811		$	65,370,696

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill by Reportable Segment

The following table presents the changes in the carrying amount of goodwill by reportable segment:

	Government			Commercial
	Solutions			Services			Totals
Balance at December 31, 2016	$	2,617,950		$	4,927,904		$	7,545,854
Purchase accounting adjustment for Merger		(2,617,950	)		(4,927,904	)		(7,545,854	)
Goodwill from Merger		159,746,649			134,667,873			294,414,522
Balance at December 31, 2017		159,746,649			134,667,873			294,414,522
Goodwill from HTA Merger		—			232,032,774			232,032,774
Goodwill from EPC Merger		—			40,825,951			40,825,951
Measurement period adjustments		—			1,238,376			1,238,376
Foreign currency translation adjustment		—			(3,788,125	)		(3,788,125	)
Balance at December 31, 2018	$	159,746,649		$	404,976,849		$	564,723,498

Gross Carrying Amount and Accumulated Amortization of Separately Identifiable Intangible Assets

The gross carrying amount and accumulated amortization of separately identifiable intangible assets are as follows:

Weighted

At December 31, 2018

Average

Gross

Remaining

Amortization

Carrying

Accumulated

Useful life

Period

Amount

Amortization

Trademarks

2.7 years

3.7 years

31,301,771

8,902,338

Non-compete agreements

4.0 years

5 years

62,100,000

12,390,000

Customer relationships

7.9 years

8.9 years

359,767,606

42,200,830

Developed Technology

4.3 years

5.5 years

160,851,735

35,986,413

Gross carrying value of intangible assets

614,021,112

99,479,581

Less: accumulated amortization

(99,479,581

)

Intangible assets, net

514,541,531

Weighted

At December 31, 2017

Average

Gross

Remaining

Amortization

Carrying

Accumulated

Useful life

Period

Amount

Amortization

Trademarks

9.4 years

10 years

24,800,000

1,446,667

Non-compete agreements

4.4 years

5 years

13,600,000

1,586,667

Customer relationships

8.0 years

8.5 years

99,600,000

6,755,324

Developed Technology

4.9 years

5.5 years

84,500,000

8,962,121

Gross carrying value of intangible assets

222,500,000

18,750,779

Less: accumulated amortization

(18,750,779

)

Intangible assets, net

203,749,221

Estimated Amortization Expense in Future Years

Estimated amortization expense in future years is expected to be:

Year Ending December 31,
2019	$	92,229,237
2020		92,229,237
2021		83,937,823
2022		79,217,811
2023		50,772,867
Thereafter		116,154,556
Total	$	514,541,531

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Payables And Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of the following at December 31:

	2018		2017
Accrued salaries and wages	$	8,339,991	$	6,900,652
Restricted cash due to customers		2,033,186		1,784,365
Income taxes payable		861,571		143,725
Accrued interest payable		231,972		290,653
Advanced deposits payable		805,199		119,666
Deferred rent		522,805		—
Accrued sales commissions		462,829		431,691
Other		1,186,414		415,870
Total accrued liabilities	$	14,443,967	$	10,086,622

Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2018

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Change in Asset Retirement Obligations

The following table summarizes changes in the Company’s asset retirement obligations:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017
	December 31, 2018			December 31, 2017			to May 31, 2017
Asset retirement obligations, beginning balance	$	6,373,125		$	6,890,573		$	6,645,542
Liabilities incurred		147,240			396,103			210,864
Accretion expense		396,374			153,542			106,404
Liabilities settled		(166,917	)		(347,265	)		(72,337	)
Revisions to cash flow estimates		—			(719,828	)		—
Asset retirement obligations, ending balance	$	6,749,822		$	6,373,125		$	6,890,473

Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Summary of the Company's Long-Term Debt

The following table provides a summary of the Company’s long-term debt at December 31:

	2018			2017
First lien term loan, due February 28, 2025	$	903,524,121		$	—
First lien term loan, due May 31, 2024		—			323,375,000
Second lien term loan, due May 31, 2025		—			125,000,000
Less: original issue discounts		(5,819,675	)		(5,256,190	)
Less: unamortized deferred financing costs		(28,351,764	)		(14,429,776	)
Total debt		869,352,682			428,689,034
Less: Current portion of long-term debt		(9,103,518	)		(3,250,000	)
Total long-term debt, net of current portion	$	860,249,164		$	425,439,034

Scheduled Aggregate Future Principal Payments of Long-term Debt

The following table presents the aggregate future principal payments of long-term debt at December 31, 2018:

Year Ending December 31,
2019	$	9,103,518
2020		9,103,518
2021		9,103,518
2022		9,103,518
2023		9,103,518
Thereafter		858,006,531
Total	$	903,524,121

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Schedule of Components of Basic and Diluted Net Income (Loss) Per Share

The components of basic and diluted net income (loss) per share are as follows:

	Successor					Predecessor
				Period from		Period from
	Year Ended			June 1, 2017 to		January 1, 2017		Year Ended
	December 31, 2018			December 31, 2017		to May 31, 2017		December 31, 2016
Numerator:
Net (loss) income	$	(58,394,516	)	$	18,238,222	$	1,239,599	$	28,996,084

Denominator:
Weighted average shares - basic		87,320,072			60,483,804	N/A		N/A
Common stock equivalents		—			—	N/A		N/A
Weighted average shares - diluted		87,320,072			60,483,804	N/A		N/A

Net (loss) income per common share	$	(0.67	)	$	0.30	N/A		N/A

Antidilutive shares excluded		34,437,043			19,999,967	N/A		N/A

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of (Loss) Income Before Income Tax (Benefit) Provision

The (Loss) income before income tax (benefit) provision consisted of:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017
	December 31, 2018			December 31, 2017			to May 31, 2017
U.S. Domestic	$	(75,283,119	)	$	(12,438,801	)	$	2,492,392
Foreign		647,491			—			—
Total (loss) income before income tax (benefit) provision	$	(74,635,628	)	$	(12,438,801	)	$	2,492,392

Schedule of Income Tax (Benefit) Provision

The income tax (benefit) provision consisted of the following items:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017			Year Ended
	December 31, 2018			December 31, 2017			to May31, 2017			December 31, 2016
Current
Federal	$	5,686,479		$	188,293		$	4,126,889		$	19,261,129
State		1,624,262			218,305			452,882			2,570,841
Foreign		882,840			—			—			—
Total current tax expense		8,193,581			406,598			4,579,771			21,831,970
Deferred
Federal		(18,334,202	)		(31,090,429	)		(3,114,557	)		(3,191,446	)
State		(5,669,191	)		6,808			(212,421	)		20,506
Foreign		(431,300	)		—			—			—
Total deferred tax expense		(24,434,693	)		(31,083,621	)		(3,326,978	)		(3,170,940	)
Income tax (benefit) provision	$	(16,241,112	)	$	(30,677,023	)	$	1,252,793		$	18,661,030

Schedule of Reconciliation of Provision for Income Taxes

A reconciliation of the provision for income taxes and the amounts computed by applying the statutory federal income tax rate to the income (loss) before (benefit) provision is as follows:

	Successor						Predecessor
				Period from			Period from
	Year Ended			June 1, 2017 to			January 1, 2017			Year Ended
	December 31, 2018			December 31, 2017			to May 31, 2017			December 31, 2016
Income tax (benefit) provision at statutory rate	$	(15,673,482	)	$	(4,353,581	)	$	872,338		$	16,679,990
State income taxes, net of federal income tax effect		(3,785,144	)		148,706			229,901			1,691,552
Tax rate changes/valuation of deferred tax items		(1,456,527	)		(27,336,495	)		(1,266,981	)		—
Non-deductible expenses		676,256			297,077			240,273			491,348
Unrecognized tax benefits		599,697			(188,294	)		(328,120	)		465,266
Change in valuation allowance		2,148,987			—			—			(52,872	)
Non-deductible transaction costs		1,171,545			826,971			822,344			—
Research and development credits		(601,800	)		—			660,000			(574,250	)
Global intangible low tax inclusion		477,374			—			—			—
Other		201,982			(71,407	)		23,038			(40,004	)
Total income tax (benefit) provision	$	(16,241,112	)	$	(30,677,023	)	$	1,252,793		$	18,661,030

Components of Deferred Income Tax Assets and Liabilities

Significant components of the Company’s deferred income tax assets and liabilities consist of the following at December 31:

	2018			2017
Deferred tax assets:
Accrued expenses and other	$	2,250,050		$	2,506,349
Allowance for doubtful accounts		1,860,933			1,404,926
Net operating loss carry forward		2,384,694			725,629
Interest expense limitation carryforward		9,030,222			—
Federal and state income tax credits		612,579			339,807
Other		817,073			564,827
Gross deferred tax assets		16,955,551			5,541,538
Valuation allowance		(2,254,611	)		(105,624	)
Deferred tax assets, net of valuation allowance		14,700,940			5,435,914
Deferred tax liabilities:
Intangible assets and transaction costs		(38,811,519	)		(44,638,810	)
Property and equipment		(9,084,399	)		(10,106,340	)
Prepaid assets		(432,213	)		(294,455	)
Gross deferred tax liabilities		(48,328,131	)		(55,039,605	)
Total deferred tax liabilities, net	$	(33,627,191	)	$	(49,603,691	)

Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2018

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Components of Stock Based Compensation Expense

Stock-based compensation expense was $2.3 million in 2018, the components of which are as follows:

	Year Ended
	December 31, 2018
Operating Expenses	$	136,658
Selling, general and administrative expenses		2,135,216
Total stock-based compensation expense	$	2,271,874

Restricted Stock Units (RSU's)

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Activity of Restricted Stock Units

The following table summarizes the activity of the Company’s RSU’s:

	2018
	Shares		Weighted Average Grant Date Fair Value
Balance at December 31, 2017		—		—
Granted		4,437,076	$	10.13
Vested		—		—
Forfeited		—		—
Balance at December 31, 2018		4,437,076	$	10.13

Phantom Share Units (PSUs) | 2010 Long Term Incentive Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Total PSUs Outstanding under 2010 Plan

The total PSUs outstanding under the 2010 Plan are as follows:

						Weighted
				Weighted		Average
	Number of			Average Strike		Remaining
	PSUs			Price		Term
Balance at December 31, 2016		6,622,000			2.52	3.47 years
Granted		—			—
Paid out		(2,053,000	)		—
Forfeited		(4,569,000	)		2.78
Balance at December 31, 2017		—

Stock Appreciation Rights (SARs) | 2016 Equity Incentive Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Total SARs Awards Outstanding under 2016 Plan

The total awards outstanding under the 2016 Plan are as follows:

						Weighted
				Weighted		Average
	Number of			Average Strike		Remaining
	SARs			Price		Term
Balance at December 31, 2016		10,647,500			1.96	9.05 years
Forfeited		(200,000	)		1.96
Balance at May 31, 2017		10,447,500			1.96	8.63 years
Paid out		(10,447,500	)		1.96
Balance at December 31, 2017		—

Commitment and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Schedule of Future Minimum Lease Payments

At December 31, 2018, total future minimum lease payments over the remaining lease periods are as follows:

2019	$	3,934,786
2020		3,719,541
2021		3,354,254
2022		2,435,299
2023		2,159,002
Thereafter		5,014,146
Total	$	20,617,028

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Financial Information by Segment

The following tables set forth financial information by segment for the year ended December 31, 2018, the 2017 Successor Period, the 2017 Predecessor Period and the year ended December 31, 2016:

	Successor
	Government			Commercial			Corporate and
For the year ended December 31, 2018	Solutions			Services			Other			Total
Service revenue	$	142,464,495		$	222,611,440		$	—		$	365,075,935
Product sales		5,069,785			—			—			5,069,785
Total revenue		147,534,280			222,611,440			—			370,145,720

Cost of service revenue		2,709,507			3,078,192			—			5,787,699
Cost of product sales		3,446,929			—			—			3,446,929
Operating expenses (a)		57,525,221			51,221,743			—			108,746,964
Selling, general and administrative expenses		27,826,583			55,369,275			50,737,559			133,933,417
Other (income) expense, net		(116,927	)		(8,679,801	)		2,132			(8,794,596	)
Segment Profit (Loss)	$	56,142,967		$	121,622,031		$	(50,739,691	)	$	127,025,307

Segment profit (loss)	$	56,142,967		$	121,622,031		$	(50,739,691	)	$	127,025,307
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			103,352,668			103,352,668
Stock-based compensation		—			—			2,271,874			2,271,874
Interest expense		—			—			69,550,214			69,550,214
Loss on extinguishment of debt		—			—			26,486,179			26,486,179
Income (loss) before income taxes	$	56,142,967		$	121,622,031		$	(252,400,626	)	$	(74,635,628	)

	Successor
	Government			Commercial			Corporate and
For the seven months ended December 31, 2017	Solutions			Services			Other			Total
Service revenue	$	79,781,405		$	55,873,872		$	—		$	135,655,277
Product sales		2,583,410			—			—			2,583,410
Total revenue	$	82,364,815		$	55,873,872		$	—		$	138,238,687

Cost of service revenue		1,509,923			426,140			—			1,936,063
Cost of product sales		1,590,018			—			—			1,590,018
Operating expenses		34,046,222			16,424,833			—			50,471,055
Selling, general and administrative expenses		11,766,377			14,784,038			18,331,725			44,882,140
Other (income) expense, net		(62,799	)		(2,114,474	)		5,012			(2,172,261	)
Segment Profit (Loss)	$	33,515,074		$	26,353,335		$	(18,336,737	)	$	41,531,672

Segment profit (loss)	$	33,515,074		$	26,353,335		$	(18,336,737	)	$	41,531,672
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			33,112,553			33,112,553
Interest		—			—			20,857,920			20,857,920
Income (loss) before income taxes	$	33,515,074		$	26,353,335		$	(72,307,210	)	$	(12,438,801	)

	Predecessor
	Government			Commercial			Corporate and
For the five months ended May 31, 2017	Solutions			Services			Other			Total
Service revenue	$	57,021,850		$	35,509,089		$	—		$	92,530,939
Product sales		1,340,191			—			—			1,340,191
Total revenue		58,362,041			35,509,089			—			93,871,130

Cost of service revenue		1,174,923			194,522			—			1,369,445
Cost of product sales		963,504			—			—			963,504
Operating expenses		24,702,104			11,265,560			—			35,967,664
Selling, general and administrative expenses		9,230,714			9,881,849			21,771,616			40,884,179
Other (income) expense, net		(48,416	)		(1,243,281	)		(2,602	)		(1,294,299	)
Segment Profit (Loss)	$	22,339,212		$	15,410,439		$	(21,769,014	)	$	15,980,637

Segment profit (loss)	$	22,339,212		$	15,410,439		$	(21,769,014	)	$	15,980,637
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			12,613,143			12,613,143
Interest		—			—			875,102			875,102
Income (loss) before income taxes	$	22,339,212		$	15,410,439		$	(35,257,259	)	$	2,492,392

	Successor
	Government			Commercial			Corporate and
For the year ended December 31, 2016	Solutions			Services			Other			Total
Service revenue	$	132,223,777		$	80,290,935		$	—		$	212,514,712
Product sales		18,234,874			—			—			18,234,874
Total revenue		150,458,651			80,290,935			—			230,749,586

Cost of service revenue		2,355,626			282,444			—			2,638,070
Cost of product sales		9,505,473			—			—			9,505,473
Operating expenses		55,805,204			27,957,195			—			83,762,399
Selling, general and administrative expenses		24,343,844			28,431,818			877,120			53,652,782
Other (income) expense, net		(212,391	)		(2,252,874	)		(5,511	)		(2,470,776	)
Segment Profit (Loss)	$	58,660,895		$	25,872,352		$	(871,609	)	$	83,661,638

Segment profit (loss)	$	58,660,895		$	25,872,352		$	(871,609	)	$	83,661,638
Depreciation, amortization, impairment, and (gain) loss on disposal of assets, net		—			—			33,916,936			33,916,936
Stock-based compensation		—			—			(618,911	)		(618,911	)
Interest expense		—			—			2,706,499			2,706,499
Income (loss) before income taxes	$	58,660,895		$	25,872,352		$	(36,876,133	)	$	47,657,114

Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

	Successor
	First			Second			Third		Fourth
	Quarter			Quarter			Quarter		Quarter(a)
For the year ended December 31, 2018
Total revenues	$	69,240,845		$	98,196,983		$	107,602,480	$	95,105,412
(Loss) income from operations		(7,263,251	)		11,784,509			26,195,337		(18,110,426	)
Net (loss) income		(22,157,802	)		(4,795,024	)		6,512,713		(37,954,403	)
Earnings (loss) per share - basic and diluted	$	(0.35	)	$	(0.07	)	$	0.09	$	(0.27	)

(a)

	Predecessor					Successor
			Period from			Period from								Period from
			April 1, 2017 to			June 1, 2017 to								June 1, 2017 to
	First Quarter		May 31, 2017			June 30, 2017			Third Quarter			Fourth Quarter		December 31, 2017
For the year ended December 31, 2017
Total revenues	$	54,700,429	$	39,170,702		$	18,985,259		$	56,089,392		$	63,164,036	$	138,238,687
Operating income (loss)		12,897,898		(10,824,703	)		(7,792,263	)		3,211,500			10,827,621		6,246,858
Net income (loss)		8,132,471		(6,892,872	)		(7,596,204	)		(3,347,149	)		29,181,575		18,238,222
Earnings (loss) per share - basic and diluted	(a)		(a)			$	(0.13	)	$	(0.06	)	$	0.48	$	0.30

(a)

Basic and diluted EPS for the predecessor periods are not presented for lack of comparability with the successor periods

Guarantor/Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Summary of Consolidated Balance Sheets

Verra Mobility Corporation and Subsidiaries

Consolidated Balance Sheets

at December 31, 2018

			VM
	Verra Mobility		Consolidated Inc.
	Corporation		(Guarantor
	(Ultimate Parent)		Subsidiary)		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	65,048,194	$	—		$	65,048,194
Restricted cash		—		2,033,186		—			2,033,186
Accounts receivable, net		—		87,510,691		—			87,510,691
Unbilled receivables		—		12,955,507		—			12,955,507
Investment in subsidiary		132,797,289		—		(132,797,289	)		—
Prepaid expenses and other current assets		—		17,600,270		—			17,600,270
Total current assets		132,797,289		185,147,848		(132,797,289	)		185,147,848

Installation and service parts, net		—		9,282,064		—			9,282,064
Property and equipment, net		—		69,242,811		—			69,242,811
Intangible assets, net		—		514,541,531		—			514,541,531
Goodwill		—		564,723,498		—			564,723,498
Due from affiliates		169,258,843		—		(169,258,843	)		—
Other non-current assets		—		1,845,443		—			1,845,443
Total assets	$	302,056,132	$	1,344,783,195	$	(302,056,132	)	$	1,344,783,195

Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	—	$	45,188,357	$	—		$	45,188,357
Accrued liabilities		—		14,443,967		—			14,443,967
Current portion of long-term debt		—		9,103,518		—			9,103,518
Total current liabilities		—		68,735,842		—			68,735,842

Long-term debt, net of current portion and deferred financing costs		—		860,249,164		—			860,249,164
Other long-term liabilities		—		3,368,710		—			3,368,710
Payable related to tax receivable agreement				69,996,334		—			69,996,334
Due to affiliates		—		169,258,843		(169,258,843	)		—
Asset retirement obligation		—		6,749,822		—			6,749,822
Deferred tax liabilities		—		33,627,191		—			33,627,191
Total Liabilities		—		1,211,985,906		(169,258,843	)		1,042,727,063

Total stockholders' equity		302,056,132		132,797,289		(132,797,289	)		302,056,132
Total liabilities and stockholders' equity	$	302,056,132	$	1,344,783,195	$	(302,056,132	)	$	1,344,783,195

Summary of Consolidated Statements of Operations and Comprehensive Loss

Verra Mobility Corporation and Subsidiaries

Consolidated Statements of Operations and Comprehensive Loss

Year Ended December 31, 2018

	Successor
				VM
	Verra Mobility			Consolidated Inc.
	Corporation			(Guarantor
	(Ultimate Parent)			Subsidiary)			Eliminations			Consolidated
Service revenue	$	—		$	365,075,935		$	—		$	365,075,935
Product sales		—			5,069,785			—			5,069,785
Total revenue		—			370,145,720			—			370,145,720

Cost of service revenue		—			5,787,699			—			5,787,699
Cost of product sales		—			3,446,929			—			3,446,929
Operating expenses		—			108,883,622			—			108,883,622
Selling , general and administrative expenses		—			136,068,633			—			136,068,633
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net		—			103,352,668			—			103,352,668
Total costs and expenses		—			357,539,551			—			357,539,551
Income from operations		—			12,606,169			—			12,606,169

Loss (income) from equity investment		58,394,516			—			(58,394,516	)		—
Interest expense		—			69,550,214			—			69,550,214
Loss on extinguishment of debt		—			26,486,179			—			26,486,179
Other income, net		—			(8,794,596	)		—			(8,794,596	)
Total other expense (income)		58,394,516			87,241,797			(58,394,516	)		87,241,797

(Loss) income before income tax (benefit) provision		(58,394,516	)		(74,635,628	)		58,394,516			(74,635,628	)

Income tax (benefit) provision		—			(16,241,112	)		—			(16,241,112	)

Net (loss) income	$	(58,394,516	)	$	(58,394,516	)	$	58,394,516		$	(58,394,516	)
Other comprehensive income:
Foreign currency translation adjustment		—			(5,820,312	)		—			(5,820,312	)
Change in interest rate swap valuation, net of taxes		—			—			—			—
Total comprehensive (loss) income	$	(58,394,516	)	$	(64,214,828	)	$	58,394,516		$	(64,214,828	)

Summary of Consolidated Statements of Cash Flows

Verra Mobility Corporation and Subsidiaries

Consolidated Statements of Cash Flows

Year Ended December 31, 2018

	Successor
				VM
	Verra Mobility			Consolidated Inc.
	Corporation			(Guarantor
	(Ultimate Parent)			Subsidiary)			Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$	(58,394,516	)	$	(58,394,516	)	$	58,394,516		$	(58,394,516	)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		—			103,346,438			—			103,346,438
Loss on extinguishment of debt		—			26,486,179			—			26,486,179
Deferred financing cost amortization		—			9,167,979			—			9,167,979
Accretion expense		—			396,374			—			396,374
Write-downs of installation and service parts and (gain) loss on disposal of assets		—			6,230			—			6,230
Installation and service parts expense		—			1,238,512			—			1,238,512
Bad debt expense		—			6,024,939			—			6,024,939
Deferred income taxes		—			(24,434,693	)		—			(24,434,693	)
Loss on equity investment		58,394,516			—			(58,394,516	)		—
Stock-based compensation		—			2,271,874			—			2,271,874
Changes in operating assets and liabilities:
Accounts receivable, net		—			(23,721,307	)		—			(23,721,307	)
Unbilled receivables		—			(6,123,612	)		—			(6,123,612	)
Due from affiliates		—			169,258,843			(169,258,843	)
Prepaid expense and other current assets		—			2,959,758			—			2,959,758
Other assets		—			(845,281	)		—			(845,281	)
Accounts payable and accrued liabilities		—			7,125,305			—			7,125,305
Due to affiliates		(169,258,843	)					169,258,843			—
Other Liabilities		—			512,648			—			512,648
Net cash provided by operating activities		(169,258,843	)		215,275,670			—			46,016,827
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash and restricted cash acquired		—			(536,698,777	)		—			(536,698,777	)
Purchases of installation and service parts and property and equipment		—			(26,576,364	)		—			(26,576,364	)
Cash proceeds from the sale of assets and insurance recoveries		—			418,238			—			418,238
Net cash provided by (used in) investing activities		—			(562,856,903	)		—			(562,856,903	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sucessor borrowings on revolver		—			468,306			—			468,306
Successor repayment on revolver		—			(468,306	)		—			(468,306	)
Successor borrowings of long-term debt		—			1,103,800,000			—			1,103,800,000
Successor repayment of long-term debt		—			(654,850,879	)		—			(654,850,879	)
Successor payment of debt issuance costs		—			(31,752,670	)		—			(31,752,670	)
Payment of debt extinguishment costs		—			(12,186,961	)		—			(12,186,961	)
Payment of underwriting and transaction costs		(24,023,524	)		—			—			(24,023,524	)
Capitalization from Merger with Gores Holdings II		803,293,629			—			—			803,293,629
Capital contribution from Greenlight		169,258,843									169,258,843
Successor distribution to selling shareholders		(779,270,105	)		—			—			(779,270,105	)
Net cash provided by (used in) by financing activities		169,258,843			405,009,490			—			574,268,333

Effect of exchange rate changes on cash and cash equivalents		—			(856,487	)		—			(856,487	)

Net increase in cash, cash equivalents and restricted cash		—			56,571,770			—			56,571,770
Cash, cash equivalents and restricted cash - beginning of period		—			10,509,610			—			10,509,610
Cash, cash equivalents and restricted cash - end of period	$	—		$	67,081,380		$	—		$	67,081,380

Verra Mobility Corporation and Subsidiaries

Consolidated Statements of Cash Flows

Year Ended December 31, 2018

	Successor
			VM
	Verra Mobility		Consolidated Inc.
	Corporation		(Guarantor
	(Ultimate Parent)		Subsidiary)		Eliminations		Consolidated
Supplemental cash flow information:
Interest paid	$	—	$	60,440,916	$	—	$	60,440,916
Income taxes paid (refunded), net		—		761,597		—		761,597
Supplemental non-cash investing and financing activities:
Non-cash additions (reductions) to ARO, property and equipment, and other		—		147,240		—		147,240
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year end		—		3,179,035		—		3,179,035
Tax receivable agreement established in merger recorded in equity		—		69,996,334		—		—
Capital contribution received in Parent Common Stock and subsequently exchanged in acquisition of business		—		117,555,632		—		117,555,632

Summary of Significant Accounting Principles and Policies - Additional Information (Details)		5 Months Ended	7 Months Ended	12 Months Ended
	Jan. 01, 2019 USD ($)	May 31, 2017 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) Segment $ / shares shares	Dec. 31, 2016 USD ($)
Summary Of Significant Accounting Principles And Policies [Line Items]
Decrease in selling, general and administrative expense			$ 44,882,140	$ 136,068,633
Accounts receivable			60,180,536	87,510,691
Interest or late fees charged on delinquent accounts				0
Allowance for doubtful accounts			5,500,000	6,200,000
Allowance for obsolescence			900,000	1,000,000
Capitalization of internal and external software costs			1,900,000	2,200,000
Gains from sale of certain assets recognized			0	$ 0
Number of operating segments \| Segment				2
Impairment of long-lived assets recognized			0	$ 0
Amortization of deferred financing costs			1,981,476	9,167,979
Compensation cost from equity award				$ 2,271,874
Platinum Stockholder \| Earn-Out Agreement
Summary Of Significant Accounting Principles And Policies [Line Items]
Earn out period				5 years
Estimated fair market value of contingently issuable shares				$ 73,150,000
Volatility and risk free rates utilizing				5 years
Common Stock Price Greater than $13.00 \| Platinum Stockholder \| Earn-Out Agreement
Summary Of Significant Accounting Principles And Policies [Line Items]
Earn-out shares issuable if condition met \| shares				2,500,000
Common stock price \| $ / shares				$ 13.00
Common Stock Price Greater than $15.50 \| Platinum Stockholder \| Earn-Out Agreement
Summary Of Significant Accounting Principles And Policies [Line Items]
Earn-out shares issuable if condition met \| shares				2,500,000
Common stock price \| $ / shares				$ 15.50
Common Stock Price Greater than $18.00 \| Platinum Stockholder \| Earn-Out Agreement
Summary Of Significant Accounting Principles And Policies [Line Items]
Earn-out shares issuable if condition met \| shares				2,500,000
Common stock price \| $ / shares				$ 18.00
Common Stock Price Greater than $20.50 \| Platinum Stockholder \| Earn-Out Agreement
Summary Of Significant Accounting Principles And Policies [Line Items]
Earn-out shares issuable if condition met \| shares				2,500,000
Common stock price \| $ / shares				$ 20.50
Condtion (i) through (iv) Not Achieved \| Platinum Stockholder \| Earn-Out Agreement
Summary Of Significant Accounting Principles And Policies [Line Items]
Earn-out shares issuable if condition met \| shares				0
Selling, General and Administrative Expenses
Summary Of Significant Accounting Principles And Policies [Line Items]
Compensation cost from equity award				$ 2,135,216
Advertising costs			400,000	1,400,000
Other (Income) Expense
Summary Of Significant Accounting Principles And Policies [Line Items]
Benefit on credit card rebates			2,100,000	8,900,000
Foreign currency effect of re-measurement of assets and liabilities			0	$ 100,000
2016 Equity Incentive Plan
Summary Of Significant Accounting Principles And Policies [Line Items]
Vesting period				4 years
2016 Equity Incentive Plan \| Selling, General and Administrative Expenses
Summary Of Significant Accounting Principles And Policies [Line Items]
Compensation cost from equity award				$ 11,900,000
Customer One
Summary Of Significant Accounting Principles And Policies [Line Items]
Accounts receivable			$ 6,000,000	$ 12,600,000
Maximum \| Subsequent Event
Summary Of Significant Accounting Principles And Policies [Line Items]
Deferred revenue	$ 400,000
After-tax transition adjustment to reduce retained earnings	$ 300,000
Maximum \| Platinum Stockholder \| Earn-Out Agreement
Summary Of Significant Accounting Principles And Policies [Line Items]
Earn-out shares issuable if condition met \| shares				10,000,000
Sales Revenue \| Customer Concentration Risk \| Customer One
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage			13.90%
Sales Revenue \| Customer Concentration Risk \| Customer One \| Commercial Services
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage			24.30%	19.30%
Sales Revenue \| Customer Concentration Risk \| Customer Two \| Commercial Services
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage				15.00%
Sales Revenue \| Customer Concentration Risk \| Customer Three \| Commercial Services
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage				13.20%
Sales Revenue \| Customer Concentration Risk \| Minimum
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage				10.00%
Net accounts receivable \| Customer Concentration Risk \| Minimum
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage				10.00%
Predecessor
Summary Of Significant Accounting Principles And Policies [Line Items]
Decrease in selling, general and administrative expense		$ 40,884,179			$ 53,033,871
Capitalization of internal and external software costs		800,000			4,100,000
Gains from sale of certain assets recognized		100,000			400,000
Impairment of long-lived assets recognized		0			500,000
Amortization of deferred financing costs		143,241			475,596
Predecessor \| Selling, General and Administrative Expenses
Summary Of Significant Accounting Principles And Policies [Line Items]
Advertising costs		400,000			1,000,000
Predecessor \| Other (Income) Expense
Summary Of Significant Accounting Principles And Policies [Line Items]
Benefit on credit card rebates		1,300,000			2,900,000
Foreign currency effect of re-measurement of assets and liabilities		$ 0			$ 700,000
Predecessor \| Sales Revenue \| Customer Concentration Risk \| Customer One
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage		13.90%			19.30%
Predecessor \| Sales Revenue \| Customer Concentration Risk \| Customer One \| Commercial Services
Summary Of Significant Accounting Principles And Policies [Line Items]
Concentration risk percentage		23.40%			22.00%
Prior Period Reclassification
Summary Of Significant Accounting Principles And Policies [Line Items]
Decrease in selling, general and administrative expense		$ (700,000)	$ (1,200,000)
Increase in operating expenses		$ 700,000	$ 1,200,000

Summary of Significant Accounting Principles and Policies - Estimated Useful Lives of Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2018
Building
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	39 years
Equipment Installed at Customer Sites \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Equipment Installed at Customer Sites \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	7 years
Computer Equipment \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Computer Equipment \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Furniture \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Furniture \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	10 years
Automobiles \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Automobiles \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	6 years
Software \| Minimum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Software \| Maximum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful lives	Shorter of lease term or estimated useful life

Summary of Significant Accounting Principles and Policies - Schedule of Cash and Cash Equivalents, and Restricted Cash (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Cash and cash equivalents	$ 65,048,194	$ 8,724,945
Restricted cash	2,033,186	1,784,665
Cash, cash equivalents and restricted cash in the consolidated statements of cash flows	$ 67,081,380	$ 10,509,610

Merger and Acquisition - Additional Information (Details) - USD ($)					3 Months Ended		10 Months Ended	12 Months Ended
	Apr. 06, 2018	Mar. 01, 2018	May 31, 2017	Jan. 27, 2016	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill							$ 564,723,498	$ 564,723,498	$ 294,414,522	$ 7,545,854
Immaterial adjustments to the preliminary purchase price allocation resulting in net reduction to goodwill									(7,545,854)
Government Solutions
Business Acquisition [Line Items]
Goodwill							159,746,649	159,746,649	159,746,649	2,617,950
Immaterial adjustments to the preliminary purchase price allocation resulting in net reduction to goodwill									(2,617,950)
Commercial Services
Business Acquisition [Line Items]
Goodwill							404,976,849	$ 404,976,849	134,667,873	$ 4,927,904
Immaterial adjustments to the preliminary purchase price allocation resulting in net reduction to goodwill									(4,927,904)
ATS Merger
Business Acquisition [Line Items]
Purchase price before adjustments			$ 550,000,000
Purchase price			548,200,000
Identifiable intangible assets			222,500,000
Goodwill			294,414,522
ATS Merger \| Government Solutions
Business Acquisition [Line Items]
Goodwill			159,700,000
ATS Merger \| Commercial Services
Business Acquisition [Line Items]
Goodwill			134,700,000
ATS Merger \| Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets			$ 24,800,000
Identifiable intangible assets useful life			10 years					3 years 9 months 18 days
ATS Merger \| Non-compete Agreements
Business Acquisition [Line Items]
Identifiable intangible assets			$ 13,600,000
Identifiable intangible assets useful life			5 years
ATS Merger \| Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets			$ 99,600,000
Identifiable intangible assets useful life			8 years 6 months
ATS Merger \| Developed Technology
Business Acquisition [Line Items]
Identifiable intangible assets			$ 84,500,000
Identifiable intangible assets useful life			5 years 6 months
ATS Merger \| Professional Fees And Other Expenses
Business Acquisition [Line Items]
Costs recognized related to merger									1,900,000
ATS Merger \| Acquisition Advisory Services
Business Acquisition [Line Items]
Costs recognized related to merger									8,000,000
ATS Merger \| Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Costs recognized related to merger									$ 9,900,000
ATS Merger \| Predecessor \| Transaction Bonus Payments
Business Acquisition [Line Items]
Costs recognized related to merger			$ 1,300,000
ATS Merger \| Predecessor \| Professional Fees And Other Expenses
Business Acquisition [Line Items]
Costs recognized related to merger			7,900,000
ATS Merger \| Predecessor \| Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Costs recognized related to merger			21,100,000
ATS Merger \| 2016 Equity Incentive Plan \| Predecessor
Business Acquisition [Line Items]
Costs recognized related to merger			$ 11,900,000
HTA Merger
Business Acquisition [Line Items]
Purchase price		$ 603,300,000
Goodwill		233,271,150
Cash purchase price		525,000,000
Business combination adjustments		9,700,000
Payable to sellers for certain tax items		$ 11,300,000
Shares issued in acquisition		5.26
Shares issued in acquisition, fair value		$ 57,300,000
Enterprise value		2,100,000,000
Value of debt deducted		1,000,000,000
Equity value		1,100,000,000
Immaterial adjustments to the preliminary purchase price allocation resulting in net reduction to goodwill							$ (1,200,000)
HTA Merger \| Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets		$ 5,500,000
Identifiable intangible assets useful life		3 years
HTA Merger \| Non-compete Agreements
Business Acquisition [Line Items]
Identifiable intangible assets		$ 48,500,000
Identifiable intangible assets useful life		5 years
HTA Merger \| Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets		$ 242,500,000
Identifiable intangible assets useful life		9 years
HTA Merger \| Developed Technology
Business Acquisition [Line Items]
Identifiable intangible assets		$ 72,800,000
Identifiable intangible assets useful life		5 years 6 months
HTA Merger \| Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Costs recognized related to the merger						$ 15,600,000
HTA Merger \| Acquisition Advisory Services
Business Acquisition [Line Items]
Costs recognized related to the merger		$ 7,200,000
HTA Merger \| Professional Fees And Other Expenses
Business Acquisition [Line Items]
Costs recognized related to the merger		$ 8,400,000
EPC Merger
Business Acquisition [Line Items]
Purchase price	$ 62,900,000
Goodwill	40,825,951
Business combination adjustments	$ 2,600,000
Shares issued in acquisition	5.54
Enterprise value	$ 2,100,000,000
Value of debt deducted	1,000,000,000
Equity value	1,100,000,000
Costs recognized related to the merger					$ 3,000,000
EPC Merger \| Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets	$ 1,100,000
Identifiable intangible assets useful life	5 years
EPC Merger \| Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets	$ 19,400,000
Identifiable intangible assets useful life	10 years
EPC Merger \| Developed Technology
Business Acquisition [Line Items]
Identifiable intangible assets	$ 3,900,000
Identifiable intangible assets useful life	4 years 6 months
EPC Merger \| Acquisition Advisory Services
Business Acquisition [Line Items]
Costs recognized related to the merger					2,500,000
EPC Merger \| Professional Fees And Other Expenses
Business Acquisition [Line Items]
Costs recognized related to the merger					$ 500,000
Sunshine Acquisition
Business Acquisition [Line Items]
Purchase price				$ 21,200,000
Goodwill				4,927,904
Goodwill expected to be deductible for tax purposes				4,900,000
Sunshine Acquisition \| Non-compete Agreements
Business Acquisition [Line Items]
Identifiable intangible assets				3,000
Sunshine Acquisition \| Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets				$ 17,196,000

Merger and Acquisition - Summary of Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)	Dec. 31, 2018	Apr. 06, 2018	Mar. 01, 2018	Dec. 31, 2017	May 31, 2017	Dec. 31, 2016	Jan. 27, 2016
Assets acquired
Goodwill	$ 564,723,498			$ 294,414,522		$ 7,545,854
ATS Merger
Assets acquired
Cash					$ 9,112,114
Restricted cash					1,229,118
Accounts receivable					50,908,663
Prepaid expense and other current assets					7,764,515
Installation and service parts					9,109,702
Property and equipment					64,596,596
Goodwill					294,414,522
Intangible assets					222,500,000
Other non-current assets					1,122,588
Total assets acquired					660,757,818
Liabilities assumed
Accounts payable and accrued expenses					22,565,224
Other long-term liabilities					9,310,190
Deferred tax liability					80,687,311
Total liabilities assumed					112,562,725
Total purchase price					548,195,093
ATS Merger \| Customer Relationships
Assets acquired
Intangible assets					99,600,000
ATS Merger \| Developed Technology
Assets acquired
Intangible assets					84,500,000
ATS Merger \| Trademarks
Assets acquired
Intangible assets					24,800,000
ATS Merger \| Non-compete Agreements
Assets acquired
Intangible assets					$ 13,600,000
HTA Merger
Assets acquired
Cash			$ 2,995,722
Accounts receivable			10,219,709
Prepaid expense and other current assets			5,266,168
Installation and service parts			296,535
Property and equipment			995,816
Goodwill			233,271,150
Total assets acquired			622,345,100
Liabilities assumed
Accounts payable and accrued expenses			14,267,971
Deferred tax liability			4,733,044
Total liabilities assumed			19,001,015
Total purchase price			603,344,085
HTA Merger \| Customer Relationships
Assets acquired
Intangible assets			242,500,000
HTA Merger \| Developed Technology
Assets acquired
Intangible assets			72,800,000
HTA Merger \| Trademarks
Assets acquired
Intangible assets			5,500,000
HTA Merger \| Non-compete Agreements
Assets acquired
Intangible assets			$ 48,500,000
EPC Merger
Assets acquired
Cash		$ 9,029,240
Other assets		1,948,150
Goodwill		40,825,951
Total assets acquired		76,203,341
Liabilities assumed
Accounts payable and accrued expenses		8,994,939
Deferred tax liability		4,273,117
Total liabilities assumed		13,268,056
Total purchase price		62,935,285
EPC Merger \| Customer Relationships
Assets acquired
Intangible assets		19,400,000
EPC Merger \| Developed Technology
Assets acquired
Intangible assets		3,900,000
EPC Merger \| Trademarks
Assets acquired
Intangible assets		$ 1,100,000
Sunshine Acquisition
Assets acquired
Accounts receivable							$ 46,073
Property and equipment							88,273
Goodwill							4,927,904
Total assets acquired							22,998,250
Liabilities assumed
Advanced deposits payable							1,765,261
Total purchase price							21,232,989
Sunshine Acquisition \| Customer Relationships
Assets acquired
Intangible assets							17,196,000
Sunshine Acquisition \| Non-compete Agreements
Assets acquired
Intangible assets							3,000
Sunshine Acquisition \| Software
Assets acquired
Intangible assets							250,000
Sunshine Acquisition \| Tradename
Assets acquired
Intangible assets							$ 487,000

Merger and Acquisition - Summary of Pro Forma Financial Information (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Business Acquisition Pro Forma Information [Line Items]
Revenue		$ 210,563,096	$ 389,367,087
Income from operations		29,241,973	39,559,861
Net income (loss) before income tax benefit		1,596,488	(8,743,255)
Net income (loss)		$ 27,360,377	$ (9,583,012)
Earnings per share - basic		$ 0.18	$ (0.06)
Predecessor
Business Acquisition Pro Forma Information [Line Items]
Revenue	$ 138,178,167			$ 329,407,665
Income from operations	17,148,364			26,945,720
Net income (loss) before income tax benefit	(1,669,275)			(15,946,740)
Net income (loss)	$ (1,219,511)			$ (8,782,820)
Earnings per share - basic	$ (0.01)			$ (0.06)

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Prepaid Expense And Other Assets Current [Abstract]
Prepaid income taxes	$ 1,561,787	$ 8,144,196
Prepaid services	3,016,849	2,476,575
Prepaid tolls	8,434,367	2,466,005
Prepaid computer maintenance	1,709,238	1,894,032
Prepaid insurance	1,230,086	353,654
Deposits	838,640	82,398
Prepaid rent	406,361	323,367
Other	402,942	48,685
Total prepaid expenses and other current assets	$ 17,600,270	$ 15,788,912

Property and Equipment, net - Schedule of Property and Equipment, net (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Property Plant And Equipment [Line Items]
Property and equipment	$ 100,222,123	$ 79,844,826
Less: accumulated depreciation	(30,979,312)	(14,474,130)
Property and equipment, net	69,242,811	65,370,696
Construction in Progress
Property Plant And Equipment [Line Items]
Property and equipment	2,097,061	3,796,167
Equipment Installed at Customer Sites
Property Plant And Equipment [Line Items]
Property and equipment	70,164,185	58,679,973
Computer Equipment
Property Plant And Equipment [Line Items]
Property and equipment	5,758,127	2,320,481
Furniture
Property Plant And Equipment [Line Items]
Property and equipment	1,825,553	1,542,589
Automobiles
Property Plant And Equipment [Line Items]
Property and equipment	1,288,828	909,545
Software
Property Plant And Equipment [Line Items]
Property and equipment	11,189,356	4,885,679
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment	$ 7,899,013	$ 7,710,392

Property and Equipment, net - Additional Information (Details) - USD ($) $ in Millions	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Property Plant And Equipment [Line Items]
Depreciation expense		$ 14.4	$ 22.5
Cost to Develop Software for Internal Use
Property Plant And Equipment [Line Items]
Depreciation expense		$ 0.9	$ 2.9
Predecessor
Property Plant And Equipment [Line Items]
Depreciation expense	$ 11.8			$ 32.1
Predecessor \| Cost to Develop Software for Internal Use
Property Plant And Equipment [Line Items]
Depreciation expense	$ 1.8			$ 5.2

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill by Reportable Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Line Items]
Balance	$ 294,414,522	$ 7,545,854
Purchase accounting adjustment for Merger		(7,545,854)
Goodwill from Merger		294,414,522
Measurement period adjustments	1,238,376
Foreign currency translation adjustment	(3,788,125)
Balance	564,723,498	294,414,522
HTA
Goodwill [Line Items]
Goodwill from Merger	232,032,774
EPC
Goodwill [Line Items]
Goodwill from Merger	40,825,951
Government Solutions
Goodwill [Line Items]
Balance	159,746,649	2,617,950
Purchase accounting adjustment for Merger		(2,617,950)
Goodwill from Merger		159,746,649
Balance	159,746,649	159,746,649
Commercial Services
Goodwill [Line Items]
Balance	134,667,873	4,927,904
Purchase accounting adjustment for Merger		(4,927,904)
Goodwill from Merger		134,667,873
Measurement period adjustments	1,238,376
Foreign currency translation adjustment	(3,788,125)
Balance	404,976,849	$ 134,667,873
Commercial Services \| HTA
Goodwill [Line Items]
Goodwill from Merger	232,032,774
Commercial Services \| EPC
Goodwill [Line Items]
Goodwill from Merger	$ 40,825,951

Goodwill and Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Separately Identifiable Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 614,021,112	$ 222,500,000
Accumulated Amortization	99,479,581	18,750,779
Intangible assets, net	514,541,531	203,749,221
Less: accumulated amortization	$ (99,479,581)	$ (18,750,779)
Trademarks
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	2 years 8 months 12 days	9 years 4 months 24 days
Weighted Average Amortization Period	3 years 8 months 12 days	10 years
Gross Carrying Amount	$ 31,301,771	$ 24,800,000
Accumulated Amortization	8,902,338	1,446,667
Less: accumulated amortization	$ (8,902,338)	$ (1,446,667)
Non-compete Agreements
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	4 years	4 years 4 months 24 days
Weighted Average Amortization Period	5 years	5 years
Gross Carrying Amount	$ 62,100,000	$ 13,600,000
Accumulated Amortization	12,390,000	1,586,667
Less: accumulated amortization	$ (12,390,000)	$ (1,586,667)
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	7 years 10 months 24 days	8 years
Weighted Average Amortization Period	8 years 10 months 24 days	8 years 6 months
Gross Carrying Amount	$ 359,767,606	$ 99,600,000
Accumulated Amortization	42,200,830	6,755,324
Less: accumulated amortization	$ (42,200,830)	$ (6,755,324)
Developed Technology
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	4 years 3 months 18 days	4 years 10 months 24 days
Weighted Average Amortization Period	5 years 6 months	5 years 6 months
Gross Carrying Amount	$ 160,851,735	$ 84,500,000
Accumulated Amortization	35,986,413	8,962,121
Less: accumulated amortization	$ (35,986,413)	$ (8,962,121)

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	5 Months Ended	7 Months Ended	12 Months Ended
	Jun. 30, 2018	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Finite Lived Intangible Assets [Line Items]
Amortization expense			$ 18.8	$ 80.8
Additional amortization expense				$ 3.3
Trademarks
Finite Lived Intangible Assets [Line Items]
Identifiable intangible assets useful life	10 years			3 years 9 months 18 days
Predecessor
Finite Lived Intangible Assets [Line Items]
Amortization expense		$ 0.8			$ 1.7

Goodwill and Intangible Assets - Estimated Amortization Expense in Future Years (Details)	Dec. 31, 2018 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2019	$ 92,229,237
2020	92,229,237
2021	83,937,823
2022	79,217,811
2023	50,772,867
Thereafter	116,154,556
Total	$ 514,541,531

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Payables And Accruals [Abstract]
Accrued salaries and wages	$ 8,339,991	$ 6,900,652
Restricted cash due to customers	2,033,186	1,784,365
Income taxes payable	861,571	143,725
Accrued interest payable	231,972	290,653
Advanced deposits payable	805,199	119,666
Deferred rent	522,805
Accrued sales commissions	462,829	431,691
Other	1,186,414	415,870
Total accrued liabilities	$ 14,443,967	$ 10,086,622

Asset Retirement Obligations - Schedule of Changes in Asset Retirement Obligations (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Loss Contingencies [Line Items]
Asset retirement obligations, beginning balance		$ 6,890,573	$ 6,373,125
Liabilities incurred		396,103	147,240
Accretion expense		153,542	396,374
Liabilities settled		(347,265)	(166,917)
Revisions to cash flow estimates		(719,828)
Asset retirement obligations, ending balance	$ 6,890,573	6,373,125	$ 6,749,822
Predecessor
Loss Contingencies [Line Items]
Asset retirement obligations, beginning balance	6,645,542	$ 6,890,473
Liabilities incurred	210,864
Accretion expense	106,404			$ 185,021
Liabilities settled	(72,337)
Asset retirement obligations, ending balance	$ 6,890,473			$ 6,645,542

Debt - Summary of the Company's Long-Term Debt (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Term loan	$ 903,524,121
Less: original issue discounts	(5,819,675)	$ (5,256,190)
Less: unamortized deferred financing costs	(28,351,764)	(14,429,776)
Total debt	869,352,682	428,689,034
Less: Current portion of long-term debt	(9,103,518)	(3,250,000)
Total long-term debt, net of current portion	860,249,164	425,439,034
First Lien Term Loan, Due February 28, 2025
Debt Instrument [Line Items]
Term loan	$ 903,524,121
First Lien Term Loan, Due May 31, 2024
Debt Instrument [Line Items]
Term loan		323,375,000
Second Lien Term Loan, Due May 31, 2025
Debt Instrument [Line Items]
Term loan		$ 125,000,000

Debt - Summary of the Company's Long-Term Debt (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2018
First Lien Term Loan, Due February 28, 2025
Debt Instrument [Line Items]
Debt instrument, maturity date	Feb. 28, 2025
First Lien Term Loan, Due May 31, 2024
Debt Instrument [Line Items]
Debt instrument, maturity date	May 31, 2024
Second Lien Term Loan, Due May 31, 2025
Debt Instrument [Line Items]
Debt instrument, maturity date	May 31, 2025

Debt - Scheduled Aggregate Future Principal Payments of Long-term Debt (Details)	Dec. 31, 2018 USD ($)
Debt Disclosure [Abstract]
2019	$ 9,103,518
2020	9,103,518
2021	9,103,518
2022	9,103,518
2023	9,103,518
Thereafter	858,006,531
Total	$ 903,524,121

Debt - Additional Information (Details) - USD ($)	3 Months Ended		7 Months Ended	12 Months Ended
Debt - Additional Information (Details) - USD ($)	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2015	Jul. 24, 2018	Jul. 23, 2018
Debt Instrument [Line Items]
Debt instrument, face amount	$ 150,000,000			$ 150,000,000
Debt instrument, periodic payment, interest rate	0.375%			0.375%	0.25%	0.25%
Debt instrument, periodic payment, interest amount					$ 1,000,000	$ 1,000,000
Debt Instrument, interest rate				1.38%	2.00%	2.00%
Amortization of deferred financing costs	$ 69,600,000		$ 20,900,000	$ 69,600,000	$ 2,700,000	$ 2,100,000
Repayments of lines of credit			$ 18,530,956	468,306
Debt instrument prepayment penalty	4,000,000	$ 3,800,000		4,000,000
Outstanding borrowings	0			0
Debt instrument borrow under new revolver				67,200,000
Outstanding letters of credit	1,000,000			1,000,000
Debt instrument fronting fees				1,000,000
Company recognized a charge	16,300,000	10,200,000		$ 16,300,000
Write off of preexisting deferred financing costs	3,400,000	2,000,000
Third party costs associated with issuance	$ 8,900,000	$ 4,400,000
Weighted average effective interest rates	6.27%			6.27%
New First Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount							$ 910,000,000	$ 840,000,000
Consent fee	$ 400,000			$ 400,000
Quarterly installments percentage of loan repayable	1.00%			1.00%
Debt instrument, maturity date				Feb. 28, 2025
Debt instrument interest rate per annum				3.75%
Debt instrument interest rate	6.30%			6.30%
Excess cash flow percentage	25.00%			25.00%
Mandatory prepayment percentage				0.00%
New First Lien Term Loan \| Maximum
Debt Instrument [Line Items]
Net leverage ratio	370.00%			370.00%
New First Lien Term Loan \| Minimum
Debt Instrument [Line Items]
Net leverage ratio	320.00%			320.00%
New Second Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount								$ 200,000,000
Additional repayments of lines of credit				$ 70,000,000
Debt instrument, maturity date				Feb. 28, 2026
Debt instrument interest rate per annum				7.75%
Debt instrument prepayment penalty	$ 4,000,000			$ 4,000,000
Excess cash flow percentage	25.00%			25.00%
Mandatory prepayment				$ 0
New Second Lien Term Loan \| Maximum
Debt Instrument [Line Items]
Net leverage ratio	470.00%			470.00%
New Second Lien Term Loan \| Minimum
Debt Instrument [Line Items]
Net leverage ratio	420.00%			420.00%
New Second Lien Term Loan \| Debt Instrument Redemptions Occurring through March 1, 2019
Debt Instrument [Line Items]
Redemption price percentage				102.00%
Debt instrument, redemption period, end date				Mar. 01, 2019
New Second Lien Term Loan \| Debt Instrument Redemptions Occurring after March 1, 2019 through March 1, 2020
Debt Instrument [Line Items]
Redemption price percentage				101.00%
Debt instrument, redemption period, end date				Mar. 01, 2020
Debt instrument, redemption period, start date				Mar. 01, 2019
New Second Lien Term Loan \| Debt Instrument Redemptions Occurring after March 1, 2020
Debt Instrument [Line Items]
Redemption price percentage				100.00%
Debt instrument, redemption period, start date				Mar. 01, 2020
New First and Second Lien Term Loan
Debt Instrument [Line Items]
Excess cash flow percentage	50.00%			50.00%
2017 Credit Facilities
Debt Instrument [Line Items]
Term loan	$ 490,000,000			$ 490,000,000
Debt instrument, aggregate principal amount	450,000,000			450,000,000
Aggregate Revolving Commitment				40,000,000
2018 Credit Facilities
Debt Instrument [Line Items]
Term loan	1,115,000,000			1,115,000,000
Debt instrument, aggregate principal amount	$ 1,040,000,000			1,040,000,000
Aggregate Revolving Commitment				75,000,000
2018 Credit Facilities \| New First Lien Term Loan
Debt Instrument [Line Items]
Repayments of lines of credit				323,400,000
2018 Credit Facilities \| New Second Lien Term Loan
Debt Instrument [Line Items]
Repayments of lines of credit				$ 125,000,000
Predecessor
Debt Instrument [Line Items]
Debt instrument, periodic payment, interest rate			0.25%
Amortization of deferred financing costs			$ 900,000
Prime Rate
Debt Instrument [Line Items]
Debt instrument, interest rate					4.75%	4.50%
Prime Rate \| Predecessor
Debt Instrument [Line Items]
Debt instrument, interest rate			5.00%
LIBOR Rate
Debt Instrument [Line Items]
Debt instrument, interest rate					2.73%	2.40%
LIBOR Rate \| Predecessor
Debt Instrument [Line Items]
Debt instrument, interest rate			3.01%
Base Rate \| New First Lien Term Loan
Debt Instrument [Line Items]
Debt instrument interest rate per annum				2.75%
Base Rate \| New Second Lien Term Loan
Debt Instrument [Line Items]
Debt instrument interest rate per annum				6.75%
LIBOR 1.25%
Debt Instrument [Line Items]
Debt instrument interest rate per annum				1.25%
LIBOR 1.50%
Debt Instrument [Line Items]
Debt instrument interest rate per annum				1.50%
Base Rate 0.75%
Debt Instrument [Line Items]
Debt instrument interest rate per annum				0.75%
LIBOR 1.75%
Debt Instrument [Line Items]
Debt instrument interest rate per annum				1.75%
Base Rate 0.25%
Debt Instrument [Line Items]
Debt instrument interest rate per annum				0.25%
Base Rate 0.50%
Debt Instrument [Line Items]
Debt instrument interest rate per annum				0.50%

Net Income (Loss) Per Share - Additional Information (Details) - shares	7 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018
Earnings Per Share Basic [Line Items]
Antidilutive securities excluded from computation of earnings per share	19,999,967	34,437,043
Warrants
Earnings Per Share Basic [Line Items]
Antidilutive securities excluded from computation of earnings per share	19,999,967	19,999,967
Contingently Issuable Shares
Earnings Per Share Basic [Line Items]
Antidilutive securities excluded from computation of earnings per share		10,000,000
Restricted Stock Units
Earnings Per Share Basic [Line Items]
Antidilutive securities excluded from computation of earnings per share		4,437,076

Net Income (Loss) Per Share - Schedule of Components of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended							5 Months Ended	6 Months Ended	7 Months Ended	12 Months Ended
	Jun. 30, 2017	May 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	May 31, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Numerator:
Net (loss) income	$ (7,596,204)		$ (37,954,403)	$ 6,512,713	$ (4,795,024)	$ (22,157,802)	$ 29,181,575	$ (3,347,149)			$ 18,238,222	$ 18,238,222	$ (58,394,516)
Denominator:
Weighted average shares - basic												60,483,804	87,320,072
Weighted average shares - diluted												60,483,804	87,320,072
Net (loss) income per common share	$ (0.13)		$ (0.27)	$ 0.09	$ (0.07)	$ (0.35)	$ 0.48	$ (0.06)			$ 0.30	$ 0.30	$ (0.67)
Antidilutive shares excluded												19,999,967	34,437,043
Predecessor
Numerator:
Net (loss) income		$ (6,892,872)							$ 8,132,471	$ 1,239,599				$ 28,996,084

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Income Taxes - Additional Information (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax [Line Items]
Federal income tax rate			21.00%	35.00%
Net interest expense allowable limit as per tax provisions, percentage			30.00%
Decrease in net deferred tax liabilities		$ 27,300,000		$ 27,300,000
Deferred tax assets, valuation allowance		105,624	$ 2,254,611	105,624
Tax credits		400,000	$ 600,000	400,000
Tax credits, expiration start year			2026
Unrecognized tax benefits		2,600,000	$ 2,500,000	2,600,000
Unrecognized tax benefits, if recognized			1,700,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense		200,000	400,000
Accrued interest and penalties		500,000	$ 900,000	500,000
Earliest \| Internal Revenue Service
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2015
Earliest \| State of Maryland Compliance Division
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2015
Earliest \| Other States
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2013
Latest \| Internal Revenue Service
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2018
Latest \| State of Maryland Compliance Division
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2017
Latest \| Other States
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2018
Predecessor
Income Tax [Line Items]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	$ 100,000
Interest Expense
Income Tax [Line Items]
Tax credits			$ 36,700,000
State
Income Tax [Line Items]
Deferred tax assets, valuation allowance		100,000	2,200,000	100,000
Operating loss carryforwards		$ 10,300,000	$ 39,300,000	$ 10,300,000
Operating loss carryforwards, expiration start year			2018

Income Taxes - Schedule of (Loss) Income Before Income Tax (Benefit) Provision (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018
Income Tax [Line Items]
U.S. Domestic		$ (12,438,801)	$ (75,283,119)
Foreign			647,491
Total (loss) income before income tax (benefit) provision		$ (12,438,801)	$ (74,635,628)
Predecessor
Income Tax [Line Items]
U.S. Domestic	$ 2,492,392
Total (loss) income before income tax (benefit) provision	$ 2,492,392

Income Taxes - Schedule of Income Tax (Benefit) Provision (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Income Tax [Line Items]
Current Federal		$ 188,293	$ 5,686,479
Current State		218,305	1,624,262
Current Foreign			882,840
Total current tax expense		406,598	8,193,581
Deferred Federal		(31,090,429)	(18,334,202)
Deferred State		6,808	(5,669,191)
Deferred Foreign			(431,300)
Total deferred tax expense		(31,083,621)	(24,434,693)
Income tax (benefit) provision		$ (30,677,023)	$ (16,241,112)
Predecessor
Income Tax [Line Items]
Current Federal	$ 4,126,889			$ 19,261,129
Current State	452,882			2,570,841
Total current tax expense	4,579,771			21,831,970
Deferred Federal	(3,114,557)			(3,191,446)
Deferred State	(212,421)			20,506
Total deferred tax expense	(3,326,978)			(3,170,940)
Income tax (benefit) provision	$ 1,252,793			$ 18,661,030

Income Taxes - Schedule of Reconciliation of Provision for Income Taxes (Details) - USD ($)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Income Tax Contingency [Line Items]
Income tax (benefit) provision at statutory rate		$ (4,353,581)	$ (15,673,482)
State income taxes, net of federal income tax effect		148,706	(3,785,144)
Tax rate changes/valuation of deferred tax items		(27,336,495)	(1,456,527)
Non-deductible expenses		297,077	676,256
Unrecognized tax benefits		(188,294)	599,697
Change in valuation allowance			2,148,987
Non-deductible transaction costs		826,971	1,171,545
Research and development credits			(601,800)
Global intangible low tax inclusion			477,374
Other		(71,407)	201,982
Income tax (benefit) provision		$ (30,677,023)	$ (16,241,112)
Predecessor
Income Tax Contingency [Line Items]
Income tax (benefit) provision at statutory rate	$ 872,338			$ 16,679,990
State income taxes, net of federal income tax effect	229,901			1,691,552
Tax rate changes/valuation of deferred tax items	(1,266,981)
Non-deductible expenses	240,273			491,348
Unrecognized tax benefits	(328,120)			465,266
Change in valuation allowance				(52,872)
Non-deductible transaction costs	822,344
Research and development credits	660,000			(574,250)
Other	23,038			(40,004)
Income tax (benefit) provision	$ 1,252,793			$ 18,661,030

Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Accrued expenses and other	$ 2,250,050	$ 2,506,349
Allowance for doubtful accounts	1,860,933	1,404,926
Net operating loss carry forward	2,384,694	725,629
Interest expense limitation carryforward	9,030,222
Federal and state income tax credits	612,579	339,807
Other	817,073	564,827
Gross deferred tax assets	16,955,551	5,541,538
Valuation allowance	(2,254,611)	(105,624)
Deferred tax assets, net of valuation allowance	14,700,940	5,435,914
Deferred tax liabilities:
Intangible assets and transaction costs	(38,811,519)	(44,638,810)
Property and equipment	(9,084,399)	(10,106,340)
Prepaid assets	(432,213)	(294,455)
Gross deferred tax liabilities	(48,328,131)	(55,039,605)
Total deferred tax liabilities, net	$ (33,627,191)	$ (49,603,691)

Stockholders' Equity - Additional Information (Details)	1 Months Ended	5 Months Ended	12 Months Ended
Stockholders' Equity - Additional Information (Details)	Apr. 30, 2016 USD ($) $ / shares	May 31, 2017 USD ($) Vote $ / shares	Dec. 31, 2018 $ / shares shares	Dec. 31, 2016 USD ($)	Dec. 31, 2017 $ / shares shares
Class of Stock [Line Items]
Capital stock authorized for issuance			261,000,000
Common stock, shares authorized			260,000,000		260,000,000
Preferred stock, shares authorized			1,000,000		1,000,000
Preferred stock, par value (in dollars per share) \| $ / shares			$ 0.0001		$ 0.0001
Predecessor
Class of Stock [Line Items]
Number of votes per share \| Vote		1
Dividend paid (per share) \| $ / shares	$ 0.30
Dividends paid \| $	$ 47,100,000			$ 47,107,808
Accrued dividends \| $				$ 0
IPO \| Predecessor
Class of Stock [Line Items]
Initial public offering per share price \| $ / shares		$ 3.125
IPO \| Predecessor \| Minimum
Class of Stock [Line Items]
Net proceeds \| $		$ 30,000,000
Warrants
Class of Stock [Line Items]
Number of shares warrant may be converted			1
Warrant exercisable term from the closing of public offer			12 months
Warrant exercisable term if business combination Is completed			30 days
Warrant expiration term			5 years
Common Stock \| Predecessor
Class of Stock [Line Items]
Conversion of stock into right to receive per share \| $ / shares		$ 3.10
Preferred Stock \| Predecessor
Class of Stock [Line Items]
Conversion of stock into right to receive per share \| $ / shares		3.10
Class A
Class of Stock [Line Items]
Common stock, shares authorized			260,000,000
Number of shares warrant may be converted			1
Warrant exercise price \| $ / shares			$ 11.50
Number of shares that contribute each unit			1
Warrants outstanding to acquire shares			19,999,967
Class A \| Private Placement [Member]
Class of Stock [Line Items]
Warrants outstanding to acquire shares			6,666,666
Class A \| Warrants
Class of Stock [Line Items]
Warrants outstanding to acquire shares			13,333,301
Series A Preferred Shares \| Predecessor
Class of Stock [Line Items]
Dividends payable \| $ / shares		$ 0.10
Series A Preferred Shares \| IPO \| Predecessor
Class of Stock [Line Items]
Minimum percentage of shares of common stock owned by holder upon conversion of preferred stock		50.00%
Series B Preferred Shares \| Predecessor
Class of Stock [Line Items]
Dividends payable \| $ / shares		$ 0.16
Series B Preferred Shares \| IPO \| Predecessor
Class of Stock [Line Items]
Minimum percentage of shares of common stock owned by holder upon conversion of preferred stock		50.00%

Equity Incentive Plan - Additional Information (Details) - USD ($)			12 Months Ended
	Oct. 17, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense			$ 2,271,874
Percentage of stock based compensation tax benefits			19.70%
2018 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized			10,864,000
Aggregate Common stock available for future grants			6,426,924
Unrecognized stock based compensation expense			$ 42,700,000
Stock based compensation expense, weighted average period of recognition			3 years 9 months 18 days
2018 Equity Incentive Plan \| Restricted Stock Units (RSU's)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
Restricted stock unit granted expense			$ 0
Stock-based compensation expense			$ 2,300,000
Number of Shares, Granted			4,437,076
2017 Participation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 0
Amount paid under the plan		$ 0
2018 Participation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash payment to participants	$ 28,400,000
2010 Long Term Incentive Plan \| Predecessor
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation arrangement by share based payment award amount authorized					$ 15,000,000
2010 Long Term Incentive Plan \| Phantom Share Units (PSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Granted				0
2010 Long Term Incentive Plan \| Phantom Share Units (PSUs) \| Predecessor
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					5 years
Liability payout					$ 1,300,000
2016 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
2016 Equity Incentive Plan \| Predecessor
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation recovery (income)					$ 600,000
2016 Equity Incentive Plan \| Stock Appreciation Rights (SARs) \| Predecessor
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					4 years
Number of Shares, Granted					11,222,500
Strike price					$ 2.24
Strike price subsequently amended					$ 1.96
2016 Equity Incentive Plan \| Stock Appreciation Rights (SARs) \| Predecessor \| ATS Merger
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense					$ 11,900,000
Acquisition related expenses					$ 10,447,500
Share based compensation remaining outstanding					$ 3.10

Equity Incentive Plan - Summary of Activity of Restricted Stock Units (Details) - 2018 Equity Incentive Plan - Restricted Stock Units (RSU's)	12 Months Ended
	Dec. 31, 2018 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Granted \| shares	4,437,076
Number of Shares, Vested \| shares	0
Number of Shares, Forfeited \| shares	0
Number of Shares, Ending balance \| shares	4,437,076
Weighted Average Grant Date Fair Value, Granted \| $ / shares	$ 10.13
Weighted Average Grant Date Fair Value, Vested \| $ / shares	0
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	0
Weighted Average Grant Date Fair Value, Ending balance \| $ / shares	$ 10.13

Equity Incentive Plan - Schedule of Components of Stock Based Compensation Expense (Details)	12 Months Ended
	Dec. 31, 2018 USD ($)
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2,271,874
Operating Expenses
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	136,658
Selling, General and Administrative Expenses
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2,135,216

Equity Incentive Plan - Summary of Total PSUs Outstanding under 2010 Plan (Details) - Phantom Share Units (PSUs) - 2010 Long Term Incentive Plan	12 Months Ended
	Dec. 31, 2017 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance	6,622,000
Number of Shares, Granted	0
Number of Shares, Paid out	(2,053,000)
Number of Shares, Forfeited	(4,569,000)
Number of Shares, Ending balance
Weighted Average Grant Date Fair Value, Beginning balance \| $ / shares	$ 2.52
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	$ 2.78
Weighted Average Grant Date Fair Value, Ending balance \| $ / shares
Weighted Average Remaining Term, Beginning balance	3 years 5 months 19 days

Equity Incentive Plan - Summary of Total SARs Awards Outstanding under 2016 Plan (Details) - Stock Appreciation Rights (SARs) - 2016 Equity Incentive Plan - $ / shares	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance	10,647,500	10,447,500
Number of Shares, Forfeited	(200,000)
Number of Shares, Ending balance	10,447,500		10,647,500
Number of Shares, Paid out		(10,447,500)
Weighted Average Grant Date Fair Value, Beginning balance	$ 1.96	$ 1.96
Weighted Average Grant Date Fair Value, Forfeited	1.96
Weighted Average Grant Date Fair Value, Ending balance	$ 1.96		$ 1.96
Weighted Average Grant Date Fair Value/Strike Price, Paid out		$ 1.96
Weighted Average Remaining Term, Beginning balance	8 years 7 months 17 days		9 years 18 days

Related Party Transactions - Additional Information (Details)		5 Months Ended	12 Months Ended
	Jan. 07, 2019 USD ($)	May 31, 2017 USD ($)	Dec. 31, 2018 USD ($) yr $ / shares shares	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Oct. 17, 2018 USD ($)
Related Party Transaction [Line Items]
Estimated maximum benefit to be paid to tax receivable agreement			$ 69,996,334
Platinum Stockholder
Related Party Transaction [Line Items]
Management Fees				$ 3,800,000
Additional related expenses				500,000
Provision of acquisition related services				8,000,000
Provision of debt financing related services.				$ 2,000,000
Advisory services fee	$ 0
Platinum Stockholder \| Earn-Out Agreement \| Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met \| shares			2,500,000
Common stock price \| $ / shares			$ 13.00
Platinum Stockholder \| Earn-Out Agreement \| Common Stock Price Greater than $15.50
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met \| shares			2,500,000
Common stock price \| $ / shares			$ 15.50
Platinum Stockholder \| Earn-Out Agreement \| Common Stock Price Greater than $18.00
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met \| shares			2,500,000
Common stock price \| $ / shares			$ 18.00
Platinum Stockholder \| Earn-Out Agreement \| Common Stock Price Greater than $20.50
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met \| shares			2,500,000
Common stock price \| $ / shares			$ 20.50
Platinum Stockholder \| Earn-Out Agreement \| Condtion (i) through (iv) Not Achieved
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met \| shares			0
Verra Mobility
Related Party Transaction [Line Items]
Agreement expiration date			Sep. 30, 2019
Verra Mobility \| Predecessor
Related Party Transaction [Line Items]
Purchased from related party vendor		$ 3,700,000			$ 5,200,000
Maximum \| Platinum Stockholder \| Earn-Out Agreement
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met \| shares			10,000,000
Verra Mobility Business Combination
Related Party Transaction [Line Items]
Tax Receivable Agreement, portion of net cash savings paid out			50.00%
Tax Receivable Agreement, portion of net cash savings retained			50.00%
Estimated maximum benefit to be paid to tax receivable agreement			$ 70,000,000
Contingent consideration			$ 70,000,000			$ 70,000,000
Contingency period			5 years
Verra Mobility Business Combination \| Platinum Stockholder \| Earn-Out Agreement
Related Party Transaction [Line Items]
Contingent consideration			$ 73,150,000
Term of volatility and risk free rates utilizing a peer group \| yr			5
Verra Mobility Business Combination \| Minimum
Related Party Transaction [Line Items]
Common stock price threshold trading days			10 days
Verra Mobility Business Combination \| Maximum
Related Party Transaction [Line Items]
Common stock price threshold trading days			20 days

Commitment and Contingencies - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loss Contingencies [Line Items]
Letters of Credit Outstanding		$ 1,000,000
Non-cancelable purchase commitments outstanding		8,500,000
Accrued liabilities for legal settlements		$ 1,830,000
Office and Warehouse Space
Loss Contingencies [Line Items]
Lease expiration date		Apr. 30, 2026
Rent expense		$ 4,100,000	$ 2,100,000	$ 3,000,000
Leases Equipment
Loss Contingencies [Line Items]
Lease expiration date		Oct. 31, 2021
Rent expense		$ 200,000	100,000	$ 200,000
Minimum \| Office and Warehouse Space
Loss Contingencies [Line Items]
Operating lease expense		950
Minimum \| Leases Equipment
Loss Contingencies [Line Items]
Rental payment		178
Maximum \| Office and Warehouse Space
Loss Contingencies [Line Items]
Operating lease expense		183,863
Maximum \| Leases Equipment
Loss Contingencies [Line Items]
Rental payment		$ 9,523
Scenario Forecast
Loss Contingencies [Line Items]
Payments for legal settlements	$ 3,650,000
Percentage of legal settlement accrued amount	50.00%
Scenario Forecast \| Commercial Services Customer
Loss Contingencies [Line Items]
Percentage of legal settlement accrued amount	50.00%
Predecessor \| Office and Warehouse Space
Loss Contingencies [Line Items]
Rent expense			1,300,000
Predecessor \| Leases Equipment
Loss Contingencies [Line Items]
Rent expense			$ 100,000

Commitment and Contingencies - Schedule of Future Minimum Lease Payments (Details)	Dec. 31, 2018 USD ($)
Commitments And Contingencies Disclosure [Abstract]
2019	$ 3,934,786
2020	3,719,541
2021	3,354,254
2022	2,435,299
2023	2,159,002
Thereafter	5,014,146
Total	$ 20,617,028

Segment Reporting - Additional Information (Details)	5 Months Ended	7 Months Ended	12 Months Ended
Segment Reporting - Additional Information (Details)	May 31, 2017 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) Segment	Dec. 31, 2016 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment			2
Number of reportable segments \| Segment			2
Carrying value of property and equipment		$ 65,370,696	$ 69,242,811
International
Segment Reporting Information [Line Items]
Revenues		0	11,000,000
International \| Predecessor
Segment Reporting Information [Line Items]
Revenues	$ 0			$ 0
Government Solutions \| Equipment Installed at Customer Sites
Segment Reporting Information [Line Items]
Carrying value of property and equipment		46,800,000	48,100,000
Government Solutions \| Automobiles
Segment Reporting Information [Line Items]
Carrying value of property and equipment		$ 700,000	$ 800,000

Segment Reporting - Financial Information by Segment (Details) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended							5 Months Ended	6 Months Ended	7 Months Ended	12 Months Ended
	Jun. 30, 2017	May 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	May 31, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total revenue	$ 18,985,259		$ 95,105,412	$ 107,602,480	$ 98,196,983	$ 69,240,845	$ 63,164,036	$ 56,089,392			$ 138,238,687	$ 138,238,687	$ 370,145,720
Operating expenses (a)													108,746,964
Selling, general and administrative expenses												44,882,140	133,933,417
Other income, net												(2,172,261)	(8,794,596)
Segment Profit (Loss)	$ (7,792,263)		$ (18,110,426)	$ 26,195,337	$ 11,784,509	$ (7,263,251)	$ 10,827,621	$ 3,211,500			$ 6,246,858	6,246,858	12,606,169
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net												33,112,553	103,352,668
Stock-based compensation													2,271,874
Interest expense												20,857,920	69,550,214
Loss on extinguishment of debt													26,486,179
Income (loss) before income taxes												(12,438,801)	(74,635,628)
Operating expenses												50,471,055	108,883,622
Predecessor
Segment Reporting Information [Line Items]
Total revenue		$ 39,170,702							$ 54,700,429	$ 93,871,130				$ 230,749,586
Selling, general and administrative expenses										40,884,179				53,652,782
Other income, net										(1,294,299)				(2,470,776)
Segment Profit (Loss)		$ (10,824,703)							$ 12,897,898	2,073,195				47,892,837
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net										12,613,143				33,916,936
Stock-based compensation														(618,911)
Interest expense										875,102				2,706,499
Income (loss) before income taxes										2,492,392				47,657,114
Operating expenses										35,967,664				83,762,399
Operating Segments
Segment Reporting Information [Line Items]
Segment Profit (Loss)												41,531,672	127,025,307
Operating Segments \| Predecessor
Segment Reporting Information [Line Items]
Segment Profit (Loss)										15,980,637				83,661,638
Operating Segments \| Government Solutions
Segment Reporting Information [Line Items]
Total revenue												82,364,815	147,534,280
Operating expenses (a)													57,525,221
Selling, general and administrative expenses												11,766,377	27,826,583
Other income, net												(62,799)	(116,927)
Segment Profit (Loss)												33,515,074	56,142,967
Income (loss) before income taxes												33,515,074	56,142,967
Operating expenses												34,046,222
Operating Segments \| Government Solutions \| Predecessor
Segment Reporting Information [Line Items]
Total revenue										58,362,041				150,458,651
Selling, general and administrative expenses										9,230,714				24,343,844
Other income, net										(48,416)				(212,391)
Segment Profit (Loss)										22,339,212				58,660,895
Income (loss) before income taxes										22,339,212				58,660,895
Operating expenses										24,702,104				55,805,204
Operating Segments \| Commercial Services
Segment Reporting Information [Line Items]
Total revenue												55,873,872	222,611,440
Operating expenses (a)													51,221,743
Selling, general and administrative expenses												14,784,038	55,369,275
Other income, net												(2,114,474)	(8,679,801)
Segment Profit (Loss)												26,353,335	121,622,031
Income (loss) before income taxes												26,353,335	121,622,031
Operating expenses												16,424,833
Operating Segments \| Commercial Services \| Predecessor
Segment Reporting Information [Line Items]
Total revenue										35,509,089				80,290,935
Selling, general and administrative expenses										9,881,849				28,431,818
Other income, net										(1,243,281)				(2,252,874)
Segment Profit (Loss)										15,410,439				25,872,352
Income (loss) before income taxes										15,410,439				25,872,352
Operating expenses										11,265,560				27,957,195
Corporate and Other
Segment Reporting Information [Line Items]
Selling, general and administrative expenses												18,331,725	50,737,559
Other income, net												5,012	2,132
Segment Profit (Loss)												(18,336,737)	(50,739,691)
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net												33,112,553	103,352,668
Stock-based compensation													2,271,874
Interest expense												20,857,920	69,550,214
Loss on extinguishment of debt													26,486,179
Income (loss) before income taxes												(72,307,210)	(252,400,626)
Corporate and Other \| Predecessor
Segment Reporting Information [Line Items]
Selling, general and administrative expenses										21,771,616				877,120
Other income, net										(2,602)				(5,511)
Segment Profit (Loss)										(21,769,014)				(871,609)
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net										12,613,143				33,916,936
Stock-based compensation														(618,911)
Interest expense										875,102				2,706,499
Income (loss) before income taxes										(35,257,259)				(36,876,133)
Service Revenue
Segment Reporting Information [Line Items]
Total revenue												135,655,277	365,075,935
Cost of revenue												1,936,063	5,787,699
Service Revenue \| Predecessor
Segment Reporting Information [Line Items]
Total revenue										92,530,939				212,514,712
Cost of revenue										1,369,445				2,638,070
Service Revenue \| Operating Segments \| Government Solutions
Segment Reporting Information [Line Items]
Total revenue												79,781,405	142,464,495
Cost of revenue												1,509,923	2,709,507
Service Revenue \| Operating Segments \| Government Solutions \| Predecessor
Segment Reporting Information [Line Items]
Total revenue										57,021,850				132,223,777
Cost of revenue										1,174,923				2,355,626
Service Revenue \| Operating Segments \| Commercial Services
Segment Reporting Information [Line Items]
Total revenue												55,873,872	222,611,440
Cost of revenue												426,140	3,078,192
Service Revenue \| Operating Segments \| Commercial Services \| Predecessor
Segment Reporting Information [Line Items]
Total revenue										35,509,089				80,290,935
Cost of revenue										194,522				282,444
Product Sales
Segment Reporting Information [Line Items]
Total revenue												2,583,410	5,069,785
Cost of revenue												1,590,018	3,446,929
Product Sales \| Predecessor
Segment Reporting Information [Line Items]
Total revenue										1,340,191				18,234,874
Cost of revenue										963,504				9,505,473
Product Sales \| Operating Segments \| Government Solutions
Segment Reporting Information [Line Items]
Total revenue												2,583,410	5,069,785
Cost of revenue												$ 1,590,018	$ 3,446,929
Product Sales \| Operating Segments \| Government Solutions \| Predecessor
Segment Reporting Information [Line Items]
Total revenue										1,340,191				18,234,874
Cost of revenue										$ 963,504				$ 9,505,473

Quarterly Financial Information (Unaudited) (Details) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended							5 Months Ended	6 Months Ended	7 Months Ended	12 Months Ended
	Jun. 30, 2017	May 31, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	May 31, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Quarterly Financial Information [Line Items]
Total revenue	$ 18,985,259		$ 95,105,412	$ 107,602,480	$ 98,196,983	$ 69,240,845	$ 63,164,036	$ 56,089,392			$ 138,238,687	$ 138,238,687	$ 370,145,720
Segment Profit (Loss)	(7,792,263)		(18,110,426)	26,195,337	11,784,509	(7,263,251)	10,827,621	3,211,500			6,246,858	6,246,858	12,606,169
Net income	$ (7,596,204)		$ (37,954,403)	$ 6,512,713	$ (4,795,024)	$ (22,157,802)	$ 29,181,575	$ (3,347,149)			$ 18,238,222	$ 18,238,222	$ (58,394,516)
Earnings (loss) per share - basic and diluted	$ (0.13)		$ (0.27)	$ 0.09	$ (0.07)	$ (0.35)	$ 0.48	$ (0.06)			$ 0.30	$ 0.30	$ (0.67)
Predecessor
Quarterly Financial Information [Line Items]
Total revenue		$ 39,170,702							$ 54,700,429	$ 93,871,130				$ 230,749,586
Segment Profit (Loss)		(10,824,703)							12,897,898	2,073,195				47,892,837
Net income		$ (6,892,872)							$ 8,132,471	$ 1,239,599				$ 28,996,084

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Guarantor/Non-Guarantor Financial Information - Summary of Consolidated Balance Sheets (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	May 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 65,048,194	$ 8,724,945
Restricted cash	2,033,186	1,784,665
Accounts receivable, net	87,510,691	60,180,536
Unbilled receivables	12,955,507	4,802,074
Prepaid expenses and other current assets	17,600,270	15,788,912
Total current assets	185,147,848	91,281,132
Installation and service parts, net	9,282,064	9,066,913
Property and equipment, net	69,242,811	65,370,696
Intangible assets, net	514,541,531	203,749,221
Goodwill	564,723,498	294,414,522		$ 7,545,854
Other non-current assets	1,845,443	982,731
Total assets	1,344,783,195	664,865,215
Current liabilities:
Accounts payable	45,188,357	20,158,977
Accrued liabilities	14,443,967	10,086,622
Current portion of long-term debt	9,103,518	3,250,000
Total current liabilities	68,735,842	33,495,599
Long-term debt, net of current portion and deferred financing costs	860,249,164	425,439,034
Other long-term liabilities	3,368,710	2,689,145
Payable related to tax receivable agreement	69,996,334
Asset retirement obligation	6,749,822	6,373,125	$ 6,890,573
Deferred tax liabilities	33,627,191	49,603,691
Total Liabilities	1,042,727,063	517,600,594
Total stockholders' equity	302,056,132	147,264,621
Total liabilities and stockholders' equity	1,344,783,195	$ 664,865,215
Verra Mobility Corporation (Ultimate Parent)
Current assets:
Investment in subsidiary	132,797,289
Total current assets	132,797,289
Due from affiliates	169,258,843
Total assets	302,056,132
Current liabilities:
Total stockholders' equity	302,056,132
Total liabilities and stockholders' equity	302,056,132
VM Consolidated Inc. (Guarantor Subsidiary)
Current assets:
Cash and cash equivalents	65,048,194
Restricted cash	2,033,186
Accounts receivable, net	87,510,691
Unbilled receivables	12,955,507
Prepaid expenses and other current assets	17,600,270
Total current assets	185,147,848
Installation and service parts, net	9,282,064
Property and equipment, net	69,242,811
Intangible assets, net	514,541,531
Goodwill	564,723,498
Other non-current assets	1,845,443
Total assets	1,344,783,195
Current liabilities:
Accounts payable	45,188,357
Accrued liabilities	14,443,967
Current portion of long-term debt	9,103,518
Total current liabilities	68,735,842
Long-term debt, net of current portion and deferred financing costs	860,249,164
Other long-term liabilities	3,368,710
Payable related to tax receivable agreement	69,996,334
Due to affiliates	169,258,843
Asset retirement obligation	6,749,822
Deferred tax liabilities	33,627,191
Total Liabilities	1,211,985,906
Total stockholders' equity	132,797,289
Total liabilities and stockholders' equity	1,344,783,195
Eliminations
Current assets:
Investment in subsidiary	(132,797,289)
Total current assets	(132,797,289)
Due from affiliates	(169,258,843)
Total assets	(302,056,132)
Current liabilities:
Due to affiliates	(169,258,843)
Total Liabilities	(169,258,843)
Total stockholders' equity	(132,797,289)
Total liabilities and stockholders' equity	$ (302,056,132)

Guarantor/Non-Guarantor Financial Information - Summary of Consolidated Statements of Operations and Comprehensive Loss (Details) - USD ($)	1 Months Ended	3 Months Ended						6 Months Ended	7 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2018
Condensed Statement Of Income Captions [Line Items]
Total revenue	$ 18,985,259	$ 95,105,412	$ 107,602,480	$ 98,196,983	$ 69,240,845	$ 63,164,036	$ 56,089,392	$ 138,238,687	$ 138,238,687	$ 370,145,720
Operating expenses									50,471,055	108,883,622
Selling , general and administrative expenses									44,882,140	136,068,633
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net									33,112,553	103,352,668
Total costs and expenses									131,991,829	357,539,551
Income from operations	(7,792,263)	(18,110,426)	26,195,337	11,784,509	(7,263,251)	10,827,621	3,211,500	6,246,858	6,246,858	12,606,169
Interest expense									20,857,920	69,550,214
Loss on extinguishment of debt										26,486,179
Other income, net									(2,172,261)	(8,794,596)
Total other expense (income)									18,685,659	87,241,797
(Loss) income before income tax (benefit) provision									(12,438,801)	(74,635,628)
Income tax (benefit) provision									(30,677,023)	(16,241,112)
Net (loss) income	$ (7,596,204)	$ (37,954,403)	$ 6,512,713	$ (4,795,024)	$ (22,157,802)	$ 29,181,575	$ (3,347,149)	$ 18,238,222	18,238,222	(58,394,516)
Other comprehensive income (loss):
Foreign currency translation adjustment										(5,820,312)
Total comprehensive (loss) income									18,238,222	(64,214,828)
Verra Mobility Corporation (Ultimate Parent)
Condensed Statement Of Income Captions [Line Items]
Loss (income) from equity investment										58,394,516
Total other expense (income)										58,394,516
(Loss) income before income tax (benefit) provision										(58,394,516)
Net (loss) income										(58,394,516)
Other comprehensive income (loss):
Total comprehensive (loss) income										(58,394,516)
VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue										370,145,720
Operating expenses										108,883,622
Selling , general and administrative expenses										136,068,633
Depreciation, amortization, impairment and (gain) loss on disposal of assets, net										103,352,668
Total costs and expenses										357,539,551
Income from operations										12,606,169
Interest expense										69,550,214
Loss on extinguishment of debt										26,486,179
Other income, net										(8,794,596)
Total other expense (income)										87,241,797
(Loss) income before income tax (benefit) provision										(74,635,628)
Income tax (benefit) provision										(16,241,112)
Net (loss) income										(58,394,516)
Other comprehensive income (loss):
Foreign currency translation adjustment										(5,820,312)
Total comprehensive (loss) income										(64,214,828)
Eliminations
Condensed Statement Of Income Captions [Line Items]
Loss (income) from equity investment										(58,394,516)
Total other expense (income)										(58,394,516)
(Loss) income before income tax (benefit) provision										58,394,516
Net (loss) income										58,394,516
Other comprehensive income (loss):
Total comprehensive (loss) income										58,394,516
Service Revenue
Condensed Statement Of Income Captions [Line Items]
Total revenue									135,655,277	365,075,935
Cost of revenue									1,936,063	5,787,699
Service Revenue \| VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue										365,075,935
Cost of revenue										5,787,699
Product Sales
Condensed Statement Of Income Captions [Line Items]
Total revenue									2,583,410	5,069,785
Cost of revenue									$ 1,590,018	3,446,929
Product Sales \| VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue										5,069,785
Cost of revenue										$ 3,446,929

Guarantor/Non-Guarantor Financial Information - Summary of Consolidated Statements of Cash Flows (Details) - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ 18,238,222	$ (58,394,516)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	33,151,063	103,346,438
Loss on extinguishment of debt		26,486,179
Deferred financing cost amortization	1,981,476	9,167,979
Accretion expense	153,542	396,374
Write-downs of installation and service parts and (gain) loss on disposal of assets	(38,510)	6,230
Installation and service parts expense	565,198	1,238,512
Bad debt expense	3,441,004	6,024,939
Deferred income taxes	(31,083,621)	(24,434,693)
Stock-based compensation		2,271,874
Changes in operating assets and liabilities:
Accounts receivable, net	(17,152,616)	(23,721,307)
Unbilled receivables	(362,336)	(6,123,612)
Prepaid expense and other current assets	4,202,237	2,959,758
Other assets	139,856	(845,281)
Accounts payable and accrued liabilities	(4,846,446)	7,125,305
Other Liabilities	(77,736)	512,648
Net cash provided by operating activities	8,311,333	46,016,827
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash and restricted cash acquired	(537,853,861)	(536,698,777)
Purchases of installation and service parts and property and equipment	(15,873,607)	(26,576,364)
Cash proceeds from the sale of assets and insurance recoveries	191,788	418,238
Net cash provided by (used in) investing activities	(553,535,680)	(562,856,903)
CASH FLOWS FROM FINANCING ACTIVITIES:
Successor borrowings on revolver	18,530,956	468,306
Successor repayment on revolver	(18,530,956)	(468,306)
Successor borrowings of long-term debt	444,250,000	1,103,800,000
Successor repayment of long-term debt	(1,625,000)	(654,850,879)
Successor payment of debt issuance costs	(15,917,442)	(31,752,670)
Payment of debt extinguishment costs		(12,186,961)
Payment of underwriting and transaction costs		(24,023,524)
Capitalization from Merger with Gores Holdings II		803,293,629
Capital contribution from Greenlight		169,258,843
Successor distribution to selling shareholders		(779,270,105)
Net cash provided by (used in) by financing activities	555,733,957	574,268,333
Effect of exchange rate changes on cash and cash equivalents		(856,487)
Net increase in cash, cash equivalents and restricted cash	10,509,610	56,571,770
Cash, cash equivalents and restricted cash - beginning of period		10,509,610
Cash, cash equivalents and restricted cash - end of period	10,509,610	67,081,380
Supplemental cash flow information:
Interest paid	18,628,206	60,440,916
Income taxes paid (refunded), net	8,551,224	761,597
Supplemental non-cash investing and financing activities:
Non-cash additions (reductions) to ARO, property and equipment, and other	(323,726)	147,240
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year end	3,094,814	3,179,035
Tax receivable agreement established in merger recorded in equity		69,996,334
Capital contribution received in Parent Common Stock and subsequently exchanged in acquisition of business		117,555,632
Verra Mobility Corporation (Ultimate Parent)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income		(58,394,516)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss on equity investment		58,394,516
Changes in operating assets and liabilities:
Due to affiliates		(169,258,843)
Net cash provided by operating activities		(169,258,843)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of underwriting and transaction costs		(24,023,524)
Capitalization from Merger with Gores Holdings II		803,293,629
Capital contribution from Greenlight		169,258,843
Successor distribution to selling shareholders		(779,270,105)
Net cash provided by (used in) by financing activities		169,258,843
VM Consolidated Inc. (Guarantor Subsidiary)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income		(58,394,516)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		103,346,438
Loss on extinguishment of debt		26,486,179
Deferred financing cost amortization		9,167,979
Accretion expense		396,374
Write-downs of installation and service parts and (gain) loss on disposal of assets		6,230
Installation and service parts expense		1,238,512
Bad debt expense		6,024,939
Deferred income taxes		(24,434,693)
Stock-based compensation		2,271,874
Changes in operating assets and liabilities:
Accounts receivable, net		(23,721,307)
Unbilled receivables		(6,123,612)
Due from affiliates		169,258,843
Prepaid expense and other current assets		2,959,758
Other assets		(845,281)
Accounts payable and accrued liabilities		7,125,305
Other Liabilities		512,648
Net cash provided by operating activities		215,275,670
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash and restricted cash acquired		(536,698,777)
Purchases of installation and service parts and property and equipment		(26,576,364)
Cash proceeds from the sale of assets and insurance recoveries		418,238
Net cash provided by (used in) investing activities		(562,856,903)
CASH FLOWS FROM FINANCING ACTIVITIES:
Successor borrowings on revolver		468,306
Successor repayment on revolver		(468,306)
Successor borrowings of long-term debt		1,103,800,000
Successor repayment of long-term debt		(654,850,879)
Successor payment of debt issuance costs		(31,752,670)
Payment of debt extinguishment costs		(12,186,961)
Net cash provided by (used in) by financing activities		405,009,490
Effect of exchange rate changes on cash and cash equivalents		(856,487)
Net increase in cash, cash equivalents and restricted cash		56,571,770
Cash, cash equivalents and restricted cash - beginning of period		10,509,610
Cash, cash equivalents and restricted cash - end of period	$ 10,509,610	67,081,380
Supplemental cash flow information:
Interest paid		60,440,916
Income taxes paid (refunded), net		761,597
Supplemental non-cash investing and financing activities:
Non-cash additions (reductions) to ARO, property and equipment, and other		147,240
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at year end		3,179,035
Tax receivable agreement established in merger recorded in equity		69,996,334
Capital contribution received in Parent Common Stock and subsequently exchanged in acquisition of business		117,555,632
Eliminations
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income		58,394,516
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss on equity investment		(58,394,516)
Changes in operating assets and liabilities:
Due from affiliates		(169,258,843)
Due to affiliates		$ 169,258,843

Quarterly Financial Information (Unaudited) (Parenthetical) (Details) $ in Millions	3 Months Ended
	Dec. 31, 2018 USD ($)
Selected Quarterly Financial Information [Abstract]
Out-of-period adjustments reduced revenue	$ 4.2

Basis of Presentation and Description of Business - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018 Segment
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of operating segments	2

Summary of Significant Accounting Principles and Policies - Carrying Value and Fair Value of Long-term Debt Instruments (Details) - Level 2 - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Carrying Amount
Debt Instrument [Line Items]
Long-term debt	$ 869,352,682	$ 428,689,034
Estimated Fair Value
Debt Instrument [Line Items]
Long-term debt	$ 889,971,259	$ 455,100,625

Guarantor/Non-Guarantor Financial Information (Additional Information) (Details)	Dec. 31, 2018
Greenlight
Condensed Cash Flow Statements Captions [Line Items]
Percentage of voting interest acquired	100.00%