Waitr (ASAPQ) 10-Q 6 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 06, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Registrant Name	Landcadia Holdings, Inc.
Entity Central Index Key	1,653,247
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	LCA
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Small Business	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		23,278,841
Common Class F [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,250,000

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash	$ 1,331,935	$ 571,748
Prepaid expenses	18,735	43,698
Total current assets	1,350,670	615,446
Cash, cash equivalents, and accrued interest held in trust account	236,881,564	252,054,977
Total assets	238,232,234	252,670,423
Current liabilities:
Accounts payable and accrued liabilities	560,191	12,747
Income tax payable	477,437	448,099
Convertible note payable to affiliate	1,500,000	0
Total current liabilities	2,537,628	460,846
Deferred underwriting commissions	8,750,000	8,750,000
Total liabilities	11,287,628	9,210,846
Class A common stock subject to possible redemption, 21,810,954 and 23,651,543 shares at redemption value of approximately $10.18 and $10.08, respectively	221,944,596	238,459,567
Stockholders' equity:
Preferred stock, $0.0001 par value, 1,000,000 authorized, no shares issued or outstanding	0	0
Common stock:
Additional paid-in capital	3,240,368	4,145,833
Retained earnings	1,758,870	853,417
Total stockholders' equity	5,000,010	5,000,010
Total liabilities and stockholders' equity	238,232,234	252,670,423
Common Class A [Member]
Common stock:
Common Stock, Value, Issued	147	135
Common Class F [Member]
Common stock:
Common Stock, Value, Issued	$ 625	$ 625

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Preferred Stock, Par or Stated Value 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 Class A [Member]
Temporary Equity, Shares Outstanding	21,810,954	23,651,543
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	1,467,887	1,348,457
Common Stock, Shares, Outstanding	1,467,887	1,348,457
Common Class A [Member] | Common Stock Subject to Mandatory Redemption [Member]
Temporary Equity, Shares Outstanding	21,810,954	23,651,543
Temporary Equity, Redemption Price Per Share	$ 10.18	$ 10.08
Common Class F [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	6,250,000	6,250,000
Common Stock, Shares, Outstanding	6,250,000	6,250,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Expenses:
General and administrative expenses	$ 898,334	$ 125,757	$ 1,312,222	$ 415,875
Loss from operations	(898,334)	(125,757)	(1,312,222)	(415,875)
Other income:
Interest income	1,068,249	540,183	2,689,846	1,183,973
Income before taxes	169,915	414,426	1,377,624	768,098
Tax provision	(206,475)	(145,308)	(472,171)	(269,314)
Net income (loss)	$ (36,560)	$ 269,118	$ 905,453	$ 498,784
Basic and diluted loss per share:
Loss per share available to common shares	$ (0.11)	$ (0.01)	$ (0.15)	$ (0.05)
Basic and diluted weighted average number of shares	7,648,869	7,561,293	7,627,086	7,543,218

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 905,453	$ 498,784
Adjustments to reconcile net income to net cash used in operating activities:
Trust account interest income	(2,689,846)	(1,183,973)
Changes in operating assets and liabilities:
Decrease (increase) in prepaid expenses	24,963	82,274
Increase (decrease) in accounts payable and accrued liabilities	547,446	215,271
Increase (decrease) in income taxes payable	29,338	0
Net cash used in operating activities	(1,182,646)	(387,644)
Cash flows from investing activities:
Cash provided by trust for redeemed shares and tax payments	17,863,258	0
Net cash from investing activities	17,863,258	0
Cash flows used in financing activities:
Payment for redeemed shares	(17,420,425)	0
Proceeds from issuance of convertible note payable to affiliate	1,500,000	0
Net cash used in financing activities	(15,920,425)	0
Net increase (decrease ) in cash and cash equivalents	760,187	(387,644)
Cash and cash equivalents at beginning of period	571,748	1,063,350
Cash and cash equivalents at end of period	1,331,935	675,706
Supplemental Information:
Cash paid for taxes	442,833	0
Supplemental schedule of non-cash financing activities:
Change in value of common shares subject to possible conversion	$ 905,453	$ 498,784

Nature of Business

Nature of Business	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	1. Nature of Business Business Landcadia Holdings, Inc., a Delaware corporation (the “Company”), was incorporated on November 19, 2008 as Leucadia Development Corporation, and changed its name to Landcadia Holdings, Inc. on September 15, 2015. The Company is an emerging growth company as defined in Section 2(a) of the Securities Act of 1933, as amended, or the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012, or the JOBS Act and, as such, is subject to all the risks associated with emerging growth companies. The Company is a blank-check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination (the “Business Combination”) with one or more operating businesses. All activity for the quarter ending September 30, 2018 relates to the Company’s ongoing business expenses and costs associated with locating a suitable Business Combination. On May 16, 2018, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Landcadia Merger Sub, Inc., a Delaware corporation (“Merger Sub”), and Waitr Incorporated, a Louisiana corporation (“Waitr”), pursuant to which, subject to the satisfaction or waiver of certain conditions set forth therein, Waitr will merge with and into Merger Sub, with Merger Sub surviving the merger in accordance with the Delaware General Corporation Law as a wholly owned direct subsidiary of the Company (the transactions contemplated by the Merger Agreement, the “Waitr Business Combination”). Upon the consummation of the Waitr Business Combination, the Company intends to change its name to Waitr Holdings Inc. and is expected to continue to trade on The Nasdaq Stock Market (“Nasdaq”). Waitr, founded in 2013 and based in Lake Charles, Louisiana, is a leader in on-demand food ordering and delivery. Its platform connects local restaurants to diners in underserved markets. For more information about the Merger Agreement, see Note 7. On May 30, 2018, the Company held a special meeting in lieu of annual meeting of stockholders at which the Company’s stockholders approved an extension of the date by which the Company must consummate a Business Combination from June 1, 2018 to December 14, 2018 (the “Extension”). The Company requested the Extension in order to complete the Waitr Business Combination. Sponsors The Company’s sponsors are Fertitta Entertainment, Inc., a Texas corporation, (the “FEI Sponsor”), and Jefferies Financial Group Inc. (f/k/a Leucadia National Corporation), a New York corporation (the “JFG Sponsor”, and together with FEI Sponsor, the “Sponsors”). The FEI Sponsor is wholly owned by Tilman J. Fertitta, the Company’s Co-Chairman and Chief Executive Officer. Financing The registration statement for the Company’s public offering was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 25, 2016. The Company intends to finance its Business Combination in part with proceeds from the $250,000,000 public offering and the $7,000,000 private placement of warrants (“private placement”), see Notes 5 and 6. Upon the closing of the public offering and the private placement, on June 1, 2016, $250,000,000 was placed in a trust account (the “Trust Account”), with Continental Stock Transfer & Trust Company acting as trustee. In connection with the Extension approved on May 30, 2018, 1,721,159 shares were redeemed, for a total value of $17,420,425. As of September 30, 2018, $236,881,564 remained in the Trust Account to be used for the Business Combination. Trust Account Funds held in the Trust Account can only be invested in permitted United States ‘‘government securities’’ within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), having a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations. The Company’s second amended and restated certificate of incorporation, as amended (the “Certificate of Incorporation”), provides that, other than the withdrawal of interest to pay income taxes and franchise taxes, if any, none of the funds held in trust will be released until the earlier of: (i) the completion of the Business Combination; or (ii) the redemption of any shares of Class A common stock, par value $0.0001 per share (“Class A common stock”), included in the units sold in the public offering (“public shares”) properly tendered in connection with a stockholder vote to amend the Certificate of Incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of the public shares if the Company does not complete the Business Combination by December 14, 2018; or (iii) the redemption of 100% of the public shares if the Company is unable to complete the Business Combination by December 14, 2018. Initial Business Combination The initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account, excluding the deferred underwriting commissions and taxes payable on the income earned by the Trust Account, at the time of the agreement to enter into the initial Business Combination. The Company, after signing a definitive agreement for the Business Combination, is required to either (i) seek stockholder approval of the Business Combination at a meeting called for such purpose in connection with which stockholders may seek to redeem their shares, regardless of whether they vote for or against the Business Combination, for cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of the Business Combination, including interest but less taxes payable, or (ii) provide stockholders with the opportunity to sell their shares to the Company by means of a tender offer (and thereby avoid the need for a stockholder vote) for an amount in cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to commencement of the tender offer, including interest but less taxes payable. The decision as to whether the Company will seek stockholder approval of the Business Combination or will allow stockholders to sell their shares in a tender offer will be made by the Company, solely at its discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek stockholder approval. If the Company seeks stockholder approval, it will complete the Business Combination only if a majority of the outstanding shares of common stock voted are voted in favor of the Business Combination. However, in no event will the Company redeem its public shares in an amount that would cause its net tangible assets to be less than $5,000,001. In such case, the Company would not proceed with the redemption of its public shares and the related Business Combination, and instead may search for an alternate Business Combination. Notwithstanding the foregoing redemption rights, if the Company seeks stockholder approval of the Business Combination and does not conduct redemptions in connection with the Business Combination pursuant to the tender offer rules, the Certificate of Incorporation provides that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in the public offering. If the Company holds a stockholder vote in connection with the Business Combination, a public stockholder will have the right to redeem its shares for an amount in cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of the Business Combination, including interest but less taxes payable. As a result, such public shares are recorded at redemption value and classified as temporary equity following completion of the public offering (“Redeemable Shares”), in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB, ASC”) 480, ‘‘Distinguishing Liabilities from Equity.’’ The amount in the Trust Account was initially $10.00 per public share ($250,000,000 held in the Trust Account divided by 25,000,000 public shares). For further information regarding the Redeemable Shares, see Note 4. The Company has until December 14, 2018 to complete the Business Combination. If the Company does not complete the Business Combination within this period of time, it shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem the public shares for a per share pro rata portion of the Trust Account, including interest (less taxes payable and up to $50,000 of such net interest to pay dissolution expenses), and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of the Company’s net assets to its remaining stockholders, as part of its plan of dissolution and liquidation. The Sponsors and certain persons who received unregistered shares of Class F common stock of the Company (the ‘‘Initial Stockholders’’) have entered into letter agreements with the Company, pursuant to which they have waived their rights to participate in any redemption with respect to their shares of Class F common stock; however, if the Initial Stockholders or any of the Company’s officers, directors or affiliates acquire shares of Class A common stock in or after the public offering, they will be entitled to a pro rata share of the Trust Account in respect of such shares of Class A common stock upon the Company’s redemption or liquidation in the event the Company does not complete the Business Combination within the required time period. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per unit in the public offering. Pursuant to the letter agreements referenced above, the Initial Stockholders also agreed that, if the Company submits the Business Combination to the Company’s public stockholders for a vote, the Initial Stockholders will vote their founders shares (as defined below) and any public shares purchased during or after the public offering in favor of the Business Combination. Fiscal Year End The Company’s fiscal year ends on December 31.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation These unaudited consolidated financial statements include the accounts of Landcadia Holding, Inc., and all subsidiaries and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. The interim financial information provided is unaudited, but includes all adjustments which management considers necessary for the fair presentation of the results for these periods. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year period and should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Use of Estimates The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Emerging Growth Company Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. Cash consists of proceeds from the public offering and private placement held outside of the Trust Account and may be used to pay for business, legal and accounting due diligence for the Business Combination and continuing general and administrative expenses. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts with a financial institution which, at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and the Company believes that it is not exposed to significant risks on such accounts. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurement and Disclosures,” approximates the carrying amounts represented in the balance sheet. Accounts payable and accrued liabilities Accounts payable and accrued liabilities was $560,191 as of September 30, 2018 compared to $12,747 on December 31, 2017. The increase is related to legal fees for the Waitr Business Combination as well as other acquisition costs. Offering Costs The Company complies with the requirements of the FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A, “Expenses of Offering”. Offering costs of approximately $654,840, consisted of costs incurred in connection with the preparation of the public offering. These costs, together with $13,750,000 in underwriting commissions, have been charged to additional paid-in capital upon the closing of the public offering. For further discussion on underwriting commissions see Notes 5 and 6. Loss Per Common Share Basic loss per common share is computed by dividing net income applicable to common stockholders by the weighted average number of common shares outstanding during the period. All shares of Class F common stock are assumed to convert to shares of Class A common stock on a one-for-one basis. Consistent with FASB ASC 480, shares of Class A common stock subject to possible redemption, as well as their pro rata share of undistributed trust earnings consistent with the two-class method, have been excluded from the calculation of loss per common share for the three and nine months ended September 30, 2018 and 2017. Such shares, if redeemed, only participate in their pro rata share of trust earnings, see Note 4. Diluted loss per share includes the incremental number of shares of common stock to be issued in connection with the conversion of Class F common stock or to settle warrants, as calculated using the treasury stock method. For the three and nine months ending September 30, 2018 and 2017, the Company did not have any dilutive warrants, securities or other contracts that could, potentially, be exercised or converted into common stock. As a result, diluted loss per common share is the same as basic loss per common share for all periods presented. A reconciliation of net loss per common share as adjusted for the portion of income that is attributable to common stock subject to redemption is as follows: Three months ended, Nine months ended, September 30, September 30, 2018 2017 2018 2017 Net income (loss) $ (36,560 ) $ 269,118 $ 905,453 $ 498,784 Less: Income attributable to common stock subject to possible redemption (807,433 ) (373,906 ) (2,077,836 ) (866,088 ) Net loss available to common shares $ (843,993 ) $ (104,788 ) $ (1,172,383 ) $ (367,304 ) Basic and diluted weighted average number of shares 7,648,869 7,561,293 7,627,086 7,543,218 Basic and diluted loss available to common shares $ (0.11 ) $ (0.01 ) $ (0.15 ) $ (0.05 ) Income Taxes The Company complies with the accounting and reporting requirements of FASB ASC, 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties as income tax expense. No amounts were accrued for the payment of interest and penalties at September 30, 2018 and December 31, 2017. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company considers its major tax jurisdictions to be the United States and Texas and is subject to income tax examinations by these taxing authorities. The effective tax rate for the nine months ended September 30, 2018 and 2017 was 34.3% and 35.1%, .

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	3. Subsequent Events Management has evaluated subsequent events to determine if events or transactions occurring through the date the financial statements were issued, require potential adjustment to or disclosure in the financial statements. On October 2, 2018, the Company and Merger Sub entered into a debt commitment letter (the “Commitment Letter”) with Luxor Capital Group, LP, on behalf of Lugard Road Capital Master Fund, LP, and one or more of its funds and/or affiliates (collectively, “Luxor”), pursuant to which Luxor agreed to (a) provide a senior secured first priority term loan facility to Merger Sub in the aggregate principal amount of $25,000,000 (the “Debt Facility”) and (b) purchase from the Company an aggregate principal amount of $60,000,000 of the Company’s convertible promissory notes (the “Notes” and, together with the Debt Facility, the “Debt Financings”), in each case concurrently with the closing of the Waitr Business Combination. Debt Facility The Debt Facility will be guaranteed by the Company and secured by a lien on substantially all assets of the Company. Loans advanced under the Debt Facility will mature four years after the closing of the Waitr Business Combination (the “Closing Date”). Interest on borrowings under the Debt Facility will accrue at a rate of 7.0% per annum, payable quarterly, in cash or, at the election of the borrower, as a payment-in-kind. Any amounts paid in kind will be added to the principal amount of the Debt Facility on such interest payment date (increasing the principal amount thereof) and will thereafter bear interest at the rate set forth above. In connection with the Debt Facility, the Company has agreed to issue to the lenders under the Debt Facility warrants to purchase an aggregate of $5.0 million of common equity in the Company (the “Luxor Warrants”). The Luxor Warrants will become exercisable after the Waitr Business Combination and (i) will expire four (4) years from the Closing Date, (ii) will have an exercise price of $13.00 per share, and (iii) will include standard anti-dilution protection, including weighted average adjustments for issuances of additional shares. Holders of the Luxor Warrants will have customary registration rights with respect to the shares underlying the warrants. In addition, the Company will be required to repay the Debt Facility in full in the event that either (i) the registration statement for the resale of the Notes and the shares of common stock underlying the Notes and Luxor Warrants has not been filed within 30 days after the Closing Date, or (ii) such registration statement is not effective within 180 days after the Closing Date. Such repayment shall be payable within nine months after the Debt Facility becomes due. During the first 12 months following the Closing Date, the Company will be required to pay a prepayment premium of 5.0% of the principal amount to be prepaid in connection with (i) any prepayments (whether before or after an event of default), (ii) any payment, repayment or redemption of the obligations following an acceleration, (iii) certain bankruptcy events, or (iv) the termination for any reason of the definitive agreements documenting the issuance of the Notes. Thereafter, the Debt Facility may be prepaid without penalty or premium. Notes The Notes will bear interest at 1.0% per annum, paid quarterly in cash and will mature four years from the Closing Date. Upon maturity, the Notes (and any accrued but unpaid interest) will be repaid in cash or converted into shares of common equity of the Company, at the holder’s election. At any time at the holder’s election, each Note may be converted in whole or in part into shares of common equity of the Company at a rate of $13.00 per share (subject to a 9.9% conversion cap). The Notes will include customary anti-dilution protection, and the Notes (and the shares issuable upon their conversion) will have certain registration rights. The Company may only prepay the Notes with the consent of the holders of at least a majority-in-interest of the outstanding Notes. Private Placement Warrant Exchange In connection with the Debt Financings, FEI Sponsor and JFG Sponsor have agreed to exchange the 14,000,000 warrants purchased by them in connection with the Company’s initial public offering (the “sponsor warrants”) for 1,600,000 shares of the Company’s common stock. In addition, the parties have agreed that the Company will repay FEI Sponsor $1,250,000 in cash and issue to FEI Sponsor 75,000 shares of the Company’s common stock at the closing of the Waitr Business Combination, in full satisfaction of the Convertible Note (as defined in Note 6). Board Nomination Rights Pursuant to the terms of the Commitment Letter, the Company has agreed to include in its proxy statement for the Waitr Business Combination two directors designated by Luxor to serve on the Company’s board of directors upon the closing of the Business Combination. Luxor will thereafter have nomination rights with respect to two directors for so long as it satisfies a minimum ownership threshold to be agreed by the parties in connection with the definitive documentation for the Debt Financings. Other Provisions The definitive documentation for the Debt Financings will include customary affirmative and negative covenants, representations and warranties and events of default. The definitive documentation for the Debt Financings will not include any financial maintenance covenants. The obligation of Luxor to provide the Debt Financings under the Commitment Letter is subject to a number of customary conditions, including, without limitation, the negotiation and execution of applicable definitive financing documents contemplated by the Commitment Letter and the consummation of the Waitr Business Combination in accordance with the terms of the Merger Agreement. In addition, the Company has agreed to reimburse Luxor for all reasonable and documented out-of-pocket expenses incurred in connection with the preparation and negotiation of the Commitment Letter and certain definitive documentation and ancillary documents related to the Debt Financings in an amount not to exceed $850,000.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	4. Stockholders’ Equity The Company is authorized to issue 221,000,000 shares of all classes of capital stock, of which 200,000,000 shares are Class A common stock, par value $0.0001 per share; 20,000,000 shares are Class F common stock, par value $0.0001 per share; and 1,000,000 shares are preferred stock, par value $0.0001 per share. As of September 30, 2018 and December 31, 2017, there were no shares of preferred stock issued or outstanding. As of September 30, 2018 and December 31, 2017, each of the Sponsors owned 50% of the 6,250,000 issued and outstanding shares of Class F common stock (“founders shares”). Redeemable Shares The Company issued 25,000,000 shares of Class A common stock. All of the shares of Class A common stock sold as part of the public offering contain a redemption feature as defined in the public offering. In accordance with FASB ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. The Certificate of Incorporation provides a minimum net tangible asset threshold of $5,000,001. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable shares will be affected by charges against additional paid-in capital. On May 30, 2018, the Company’s stockholders approved the Extension of the date by which the Company must consummate a Business Combination from June 1, 2018 to December 14, 2018. The Company requested the Extension in order to complete the Waitr Business Combination. In connection with The Extension, 1,721,159 shares were redeemed, for a total value of $17,420,425. At September 30, 2018 and December 31, 2017, there were 23,278,841 and 25,000,000, respectively, shares of Class A common stock issued and outstanding. As of September 30, 2018 and December 31, 2017, the Company classified 21,810,954 and 23,651,543 public shares, respectively, as redeemable shares, classified outside of permanent equity, and, 1,467,887 and 1,348,457 public shares, respectively, as Class A common stock. For further information on the founders shares and sponsor warrants, see Note 6.

Public Offering

Public Offering	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Public Offering [Text Block]	5. Public Offering Public Units In the public offering, the Company sold 25,000,000 units at a price of $10.00 per unit. Each unit consists of one share of the Company’s Class A common stock, $0.0001 par value and one redeemable warrant (each a “public warrant”). Under the terms of the warrant agreement, the Company has agreed to use its best efforts to file a new registration statement under the Securities Act, following the completion of the Business Combination covering the Class A common stock underlying the public warrants. Each public warrant entitles the holder to purchase one-half of one share of Class A common stock at a price of $5.75 ($11.50 per whole share) 30 days after the completion of the Business Combination . No fractional shares will be issued upon exercise of the public warrants. If, upon exercise of the public warrants, a holder would be entitled to receive a fractional interest in a share, the Company will, upon exercise, round down to the nearest whole number the number of shares of Class A common stock to be issued to the public warrant holder. Each public warrant will become exercisable 30 days after the completion of the Business Combination. However, if the Company does not complete the Business Combination on or prior to December 14, 2018, the public warrants will expire at such time. If the Company is unable to deliver registered shares of Class A common stock to the holder upon exercise of public warrants issued in connection with the units during the exercise period, there will be no net cash settlement of these public warrants and the public warrants will expire worthless, unless they may be exercised on a cashless basis in the circumstances described in the warrant agreement. Once the public warrants become exercisable, the Company may call the warrants for redemption: (i) in whole and not in part; (ii) at a price of $0.01 per public warrant; (iii) upon not less than 30 days prior written notice of redemption (the “30-day redemption period”) to each warrant holder; and (iv) if, and only if, the reported closing price of the public shares equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending three business days before the Company sends the notice of redemption to the public warrant holders. Underwriting Commissions The Company paid an underwriting discount of $5,000,000 ($0.20 per unit sold) to the underwriters at the closing of the public offering, with an additional fee (“deferred discount”) of $8,750,000 ($0.35 per unit sold) payable upon the Company’s completion of the Business Combination. The deferred discount will be forfeited by the underwriters in the event that the Company is unable to complete the Business Combination and the subsequent liquidation of the Trust Account as described elsewhere herein. See Note 6 for further information on underwriting commissions.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	6. Related Party Transactions Founders Shares The founders shares are identical to the public shares included in the units sold in the public offering except that the founders shares are subject to certain transfer restrictions and the holders of the founders shares will have the right to elect all of the Company’s directors prior to the Business Combination. 23% of the Company’s issued and outstanding shares after the public offering. The Initial Stockholders have agreed not to transfer, assign or sell any of their founders shares until one year after the completion of the Business Combination, or earlier if, subsequent to the Business Combination, (i) the closing price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Business Combination or (ii) the date on which the Company completes a liquidation, merger, stock exchange or other similar transaction after the Business Combination that results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property (“Lock Up Period”). The founders shares will automatically convert into shares of Class A common stock at the time of the Business Combination on a one-for-one basis, subject to adjustment as described in the prospectus relating to the public offering. In the case that additional shares of common stock, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the public offering and related to the closing of the Business Combination, the ratio at which the founders shares shall convert into shares of Class A common stock will be adjusted so that the number of shares of Class A common stock issuable upon conversion of all founders shares will equal, in the aggregate, on an as-converted basis, 20% of the total number of all shares of common stock outstanding upon the completion of the public offering plus all additional shares of common stock and equity-linked securities issued or deemed issued in connection with the Business Combination, excluding any shares or equity-linked securities issued, or to be issued, to any seller in the Business Combination or pursuant to the sponsor warrants. In no event will the founders shares convert into shares of Class A common stock at a ratio that is less than one-for-one. Public Units As a result of the public offering, Jefferies LLC, an affiliate of the JFG Sponsor, owns 638,561 units which consist of one share of Class A common stock and one public warrant. Sponsor Warrants The Sponsors purchased an aggregate of 14,000,000 sponsor warrants at a price of $0.50 per warrant ($7,000,000 in the aggregate) in the private placement that closed simultaneously with the closing of the public offering. A portion of the purchase price of the sponsor warrants has been added to the net proceeds from the public offering to be held in the Trust Account such that at closing of the public offering, $250,000,000 was placed in the Trust Account. Each sponsor warrant entitles the holder to purchase one-half of one share of Class A common stock at $5.75 per one-half share. The sponsor warrants (including the Class A common stock issuable upon exercise of the sponsor warrants) will not be transferable, assignable or salable until 30 days after the completion of the Business Combination and they will be non-redeemable so long as they are held by the initial purchasers of the sponsor warrants or their permitted transferees. If the sponsor warrants are held by someone other than the initial purchasers of the sponsor warrants or their permitted transferees, the sponsor warrants will be redeemable by the Company and exercisable by such holders on the same basis as the warrants included in the units sold in the public offering. Otherwise, the sponsor warrants have terms and provisions that are identical to those of the public warrants except that the sponsor warrants may be exercised on a cashless basis. If the Company does not complete the Business Combination, then the proceeds will be part of the liquidating distribution to the public stockholders and the sponsor warrants issued to the Sponsors will expire worthless. Registration Rights The Initial Stockholders and holders of the sponsor warrants will be entitled to registration rights pursuant to a registration rights agreement to be signed on or before the date of the public offering. The Initial Stockholders and holders of the sponsor warrants will be entitled to make up to three demands, excluding short form registration demands, that the Company register such securities for sale under the Securities Act. In addition, these holders will have ‘‘piggy-back’’ registration rights to include their securities in other registration statements filed by the Company. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable Lock Up Period. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Commissions The JFG Sponsor is an affiliate of Jefferies LLC, an underwriter of the public offering, and beneficially owns 50% of the founders shares. Jefferies LLC received an underwriting discount of $2,125,000 at the closing of the public offering, with an additional deferred discount of $3,718,750 payable from the Trust Account upon completion of the Business Combination. See Note 5 for further information regarding underwriting commissions. Administrative Services Agreement The Company entered into an administrative services agreement in which the Company is required to pay the FEI Sponsor for office space, secretarial and administrative services provided to members of the Company’s management team, in an amount not to exceed $10,000 per month. Sponsor Loans The Sponsors will not be prohibited from loaning the Company funds in order to finance transaction costs in connection with the Business Combination. On August 21, 2018, the Company issued a convertible promissory note (the “Convertible Note”) to the FEI Sponsor that provides for the FEI Sponsor to advance the Company up to $1,500,000 for ongoing expenses. The Convertible Note is non-interest bearing and is payable on the earlier of (i) the completion of an initial business combination by the Company or (ii) December 14, 2018. At the option of the FEI Sponsor, any amounts outstanding under the Convertible Note may be converted into warrants of the post Business Combination entity at a price of $0.50 per warrant. The warrants would be identical to the sponsor warrants. As of August 21, 2018, the Company had drawn $1,500,000 on the Convertible Note. Sponsors Indemnification The Sponsors have agreed that they will be jointly and severally liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per public share or (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of the trust assets, in each case net of the interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the public offering against certain liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Company’s sponsors will not be responsible to the extent of any liability for such third party claims. Private Placement Warrant Exchange In connection with the Debt Financings, FEI Sponsor and JFG Sponsor have agreed to exchange the 14,000,000 warrants purchased by them in connection with the Company’s initial public offering (the “sponsor warrants”) for 1,600,000 shares of the Company’s common stock. In addition, the parties have agreed that the Company will repay FEI Sponsor $1,250,000 in cash and issue to FEI Sponsor 75,000 shares of the Company’s common stock at the closing of the Waitr Business Combination, in full satisfaction of the Convertible Note.

The Merger Agreement

The Merger Agreement	9 Months Ended
	Sep. 30, 2018
The Merger Agreement [Abstract]
Merger Agreement [Text Block]	7. The Merger Agreement On May 16, 2018, the Company entered into the Merger Agreement with Merger Sub and Waitr, pursuant to which, subject to the satisfaction or waiver of certain conditions set forth therein, Waitr will merge with and into Merger Sub, with Merger Sub surviving the merger in accordance with the Delaware General Corporation Law as a wholly owned direct subsidiary of the Company. Upon the consummation of the Waitr Business Combination, the Company will change its name to Waitr Holdings Inc. Merger Consideration The aggregate consideration for the Waitr Business Combination will be comprised of $300.0 million payable in the form of cash and shares of the Company’s common stock valued at $10.00 per share, plus approximately $8.0 million payable in the form of Company stock options to be issued to holders of options to purchase Waitr shares that are unvested, outstanding and unexercised as of immediately prior to the effective time of the Business Combination (the “Effective Time”). The cash portion of the consideration will be an aggregate amount equal to the sum of (i) $50.0 million (the “Minimum Cash Consideration Amount”) plus (ii) an additional cash amount, if any, not to exceed $25.0 million, which together with the Minimum Cash Consideration Amount will not exceed a maximum of $75.0 million (the “Cash Consideration”). The remainder of $300.0 million less the Cash Consideration will be paid in the form of shares of the Company’s common stock valued at $10.00 per share (the “Stock Consideration”). In addition, all options to purchase Waitr shares that are unvested, outstanding and unexercised as of immediately prior to the Effective Time, valued at approximately $8.0 million, will be assumed by the Company. Representations, Warranties and Covenants The parties to the Merger Agreement have made customary representations, warranties and covenants in the Merger Agreement, including, among others, covenants with respect to the conduct of Waitr during the period between execution of the Merger Agreement and the completion of the Waitr Business Combination. The Company and Waitr have each agreed to use commercially reasonable efforts to cause the Waitr Business Combination to be consummated. Conditions to Closing The closing of the Waitr Business Combination is subject to certain conditions, including, among others, (i) approval by the Company’s stockholders of the Extension, (ii) approval by the Company’s stockholders of the Merger Agreement, the Waitr Business Combination and certain other actions related thereto, (iii) approval by Waitr’s stockholders of the Waitr Business Combination, (iv) approval of the listing of the Company’s common stock to be issued in connection with the Waitr Business Combination on Nasdaq, (v) completion of any redemptions of shares by the Company’s stockholders in connection with the Waitr Business Combination, (vi) delivery of lockup agreements from each stockholder of Waitr receiving Stock Consideration pursuant to the Merger Agreement and from the Company’s founders with respect to their private placement warrants, (vii) delivery by the Company of evidence that after the closing of the Waitr Business Combination, the Company will have at least $75.0 million in cash or investments in government securities or money market funds that invest only in direct United States Treasury obligations, and (viii) the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Termination The Merger Agreement may be terminated by the Company and Waitr under certain circumstances, including, among others, (i) by mutual written consent of the Company and Waitr, (ii) by the Company or Waitr if the closing of the Waitr Business Combination has not occurred on or prior to November 30, 2018 for any reason other than delay and/or non-performance of the party seeking such termination, (iii) by the Company or Waitr if the Company’s stockholders do not approve the Extension, (iv) by the Company or Waitr if the Company’s stockholders do not approve the Merger Agreement, (v) by Waitr if there exists any Nasdaq listing rule deficiency that causes a de-listing of the Company from Nasdaq prior to the closing of the Waitr Business Combination and (vi) by Waitr if the aggregate dollar amount of any shares redeemed by the Company’s stockholders in connection with the Extension and the Waitr Business Combination equals or exceeds an amount that would cause (x) the combined company to fail to maintain a minimum cash balance of at least $75 million at closing or (y) Waitr’s stockholders to receive an aggregate amount of Cash Consideration less than the Minimum Cash Consideration Amount.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Principles of Consolidation and Basis of Presentation These unaudited consolidated financial statements include the accounts of Landcadia Holding, Inc., and all subsidiaries and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. The interim financial information provided is unaudited, but includes all adjustments which management considers necessary for the fair presentation of the results for these periods. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year period and should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Emerging Growth Company, Policy [Policy Text Block]	Emerging Growth Company Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. Cash consists of proceeds from the public offering and private placement held outside of the Trust Account and may be used to pay for business, legal and accounting due diligence for the Business Combination and continuing general and administrative expenses.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts with a financial institution which, at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and the Company believes that it is not exposed to significant risks on such accounts.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurement and Disclosures,” approximates the carrying amounts represented in the balance sheet.
Accounts Payable And Accrued Liabilities Policy [Policy Text Block]	Accounts payable and accrued liabilities Accounts payable and accrued liabilities was $560,191 as of September 30, 2018 compared to $12,747 on December 31, 2017. The increase is related to legal fees for the Waitr Business Combination as well as other acquisition costs.
Offering Costs [Policy Text Block]	Offering Costs The Company complies with the requirements of the FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A, “Expenses of Offering”. Offering costs of approximately $654,840, consisted of costs incurred in connection with the preparation of the public offering. These costs, together with $13,750,000 in underwriting commissions, have been charged to additional paid-in capital upon the closing of the public offering. For further discussion on underwriting commissions see Notes 5 and 6.
Earnings Per Share, Policy [Policy Text Block]	Loss Per Common Share Basic loss per common share is computed by dividing net income applicable to common stockholders by the weighted average number of common shares outstanding during the period. All shares of Class F common stock are assumed to convert to shares of Class A common stock on a one-for-one basis. Consistent with FASB ASC 480, shares of Class A common stock subject to possible redemption, as well as their pro rata share of undistributed trust earnings consistent with the two-class method, have been excluded from the calculation of loss per common share for the three and nine months ended September 30, 2018 and 2017. Such shares, if redeemed, only participate in their pro rata share of trust earnings, see Note 4. Diluted loss per share includes the incremental number of shares of common stock to be issued in connection with the conversion of Class F common stock or to settle warrants, as calculated using the treasury stock method. For the three and nine months ending September 30, 2018 and 2017, the Company did not have any dilutive warrants, securities or other contracts that could, potentially, be exercised or converted into common stock. As a result, diluted loss per common share is the same as basic loss per common share for all periods presented. A reconciliation of net loss per common share as adjusted for the portion of income that is attributable to common stock subject to redemption is as follows: Three months ended, Nine months ended, September 30, September 30, 2018 2017 2018 2017 Net income (loss) $ (36,560 ) $ 269,118 $ 905,453 $ 498,784 Less: Income attributable to common stock subject to possible redemption (807,433 ) (373,906 ) (2,077,836 ) (866,088 ) Net loss available to common shares $ (843,993 ) $ (104,788 ) $ (1,172,383 ) $ (367,304 ) Basic and diluted weighted average number of shares 7,648,869 7,561,293 7,627,086 7,543,218 Basic and diluted loss available to common shares $ (0.11 ) $ (0.01 ) $ (0.15 ) $ (0.05 )
Income Tax, Policy [Policy Text Block]	Income Taxes The Company complies with the accounting and reporting requirements of FASB ASC, 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties as income tax expense. No amounts were accrued for the payment of interest and penalties at September 30, 2018 and December 31, 2017. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company considers its major tax jurisdictions to be the United States and Texas and is subject to income tax examinations by these taxing authorities. The effective tax rate for the nine months ended September 30, 2018 and 2017 was 34.3% and 35.1%, .

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	A reconciliation of net loss per common share as adjusted for the portion of income that is attributable to common stock subject to redemption is as follows: Three months ended, Nine months ended, September 30, September 30, 2018 2017 2018 2017 Net income (loss) $ (36,560 ) $ 269,118 $ 905,453 $ 498,784 Less: Income attributable to common stock subject to possible redemption (807,433 ) (373,906 ) (2,077,836 ) (866,088 ) Net loss available to common shares $ (843,993 ) $ (104,788 ) $ (1,172,383 ) $ (367,304 ) Basic and diluted weighted average number of shares 7,648,869 7,561,293 7,627,086 7,543,218 Basic and diluted loss available to common shares $ (0.11 ) $ (0.01 ) $ (0.15 ) $ (0.05 )

Nature of Business (Details Tex

Nature of Business (Details Textual) - USD ($)	1 Months Ended	9 Months Ended
	May 30, 2018	Sep. 30, 2018	Dec. 31, 2017	Jun. 01, 2016
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Proceeds from Issuance Initial Public Offering		$ 250,000,000
Proceeds from Issuance of Warrants		7,000,000
Escrow Deposit		250,000,000		$ 250,000,000
Minimum Net Worth Required for Compliance		$ 5,000,001
Share Price		$ 10
Common Stock, Trust Account, Shares		25,000,000
Stock Redeemed or Called During Period, Shares	1,721,159
Stock Redeemed or Called During Period, Value	$ 17,420,425
Assets Held-in-trust, Noncurrent		$ 236,881,564	$ 252,054,977
Dissolution Expenses Payable		$ 50,000
Common Class A [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Description		(ii) the redemption of any shares of Class A common stock, par value $0.0001 per share (“Class A common stock”), included in the units sold in the public offering (“public shares”) properly tendered in connection with a stockholder vote to amend the Certificate of Incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of the public shares if the Company does not complete the Business Combination by December 14, 2018;​​​​​​​
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income (loss)	$ (36,560)	$ 269,118	$ 905,453	$ 498,784
Less: Income attributable to common stock subject to possible redemption	(807,433)	(373,906)	(2,077,836)	(866,088)
Net loss available to common shares	$ (843,993)	$ (104,788)	$ (1,172,383)	$ (367,304)
Basic and diluted weighted average number of shares	7,648,869	7,561,293	7,627,086	7,543,218
Basic and diluted loss available to common shares	$ (0.11)	$ (0.01)	$ (0.15)	$ (0.05)

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Accounting Polices [Line Items]
FDIC Indemnification Asset	$ 250,000
Initial Public Offering, Formation and Preparation Costs	654,840
Underwriting Commissions	$ 13,750,000
Effective Income Tax Rate Reconciliation, Percent	34.30%	35.10%
Accounts Payable and Accrued Liabilities, Current	$ 560,191		$ 12,747

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)	Oct. 02, 2018	Sep. 30, 2018
Subsequent Event [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 5.75
Fertitta Entertainment, Inc. [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		75,000
Cash To be Paid In Satisfaction Of Convertible Notes Payable		$ 1,250,000
Warrant [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		1,600,000
Sponsor Warrants [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Value, New Issues		$ 7,000,000
Stock Issued During Period, Shares, New Issues		14,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.00%
Debt Instrument, Maturity Date, Description	Loans advanced under the Debt Facility will mature four years after the closing of the Waitr Business Combination (the “Closing Date”).
Stock Issued During Period, Value, New Issues	$ 5,000,000
Debt Instrument Prepayment Premium	5.00%
Debt Conversion, Description	At any time at the holder’s election, each Note may be converted in whole or in part into shares of common equity of the Company at a rate of $13.00 per share (subject to a 9.9% conversion cap).
Reimbursement Of Out Of Pocket Expenses	$ 850,000
Subsequent Event [Member] | Convertible Notes Payable [Member]
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Subsequent Event [Member] | Warrant [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 13
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,600,000
Warrants and Rights Outstanding, Term	4 years
Subsequent Event [Member] | Waitr Business Combination [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount	$ 25,000,000
Convertible Notes Payable	$ 60,000,000

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended
	May 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		1,000,000	1,000,000
Capital Units, Authorized		221,000,000	221,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001
Minimum Net Worth Required for Compliance		$ 5,000,001
Stock Redeemed or Called During Period, Shares	1,721,159
Stock Redeemed or Called During Period, Value	$ 17,420,425
Waitr Business Combination [Member]
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares	1,721,159
Stock Redeemed or Called During Period, Value	$ 17,420,425
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Shares Authorized		200,000,000	200,000,000
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001
Common Stock, Shares, Issued		1,467,887	1,348,457
Common Stock, Shares, Outstanding		1,467,887	1,348,457
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Number of Shares		25,000,000
Temporary Equity, Shares Outstanding		21,810,954	23,651,543
Common Class A [Member] | Waitr Business Combination [Member]
Class of Stock [Line Items]
Common Stock, Shares, Issued		23,278,841	25,000,000
Common Stock, Shares, Outstanding		23,278,841	25,000,000
Common Class F [Member]
Class of Stock [Line Items]
Common Stock, Shares Authorized		20,000,000	20,000,000
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001
Common Stock, Shares, Issued		6,250,000	6,250,000
Common Stock, Shares, Outstanding		6,250,000	6,250,000
Leucadia Sponsor [Member]
Class of Stock [Line Items]
Equity Method Investment, Ownership Percentage		50.00%	50.00%

Public Offering (Details Textua

Public Offering (Details Textual)	9 Months Ended
	Sep. 30, 2018USD ($)$ / sharesshares
Class of Stock [Line Items]
Share Price	$ 10
Class of Warrant or Right, Exercise Price of Warrants or Rights	5.75
Class of Warrant or Right, Exercise Price of Warrants to Purchase a Whole Share	11.50
Class of Warrant or Right, Redemption Price of Warrants or Rights	0.01
Class of Warrant or Right, Redemption, Stock Price Threshold	$ 18
Payments for Underwriting Expense | $	$ 5,000,000
Payments For Underwriting Discount Per Share	$ 0.20
Deferred Underwriting Discount | $	$ 8,750,000
Common Stock, Discount per Share	$ 0.35
IPO [Member]
Class of Stock [Line Items]
Class F shares issued (in shares) | shares | shares	25,000,000
Share Price	$ 10
Common Stock, Par or Stated Value Per Share	$ 0.0001

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2018	Aug. 21, 2018	Dec. 31, 2017	Jun. 01, 2016
Related Party Transaction [Line Items]
Escrow Deposit	$ 250,000,000			$ 250,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 5.75
Share Price	$ 10
Stock Issued To Sponsors Lockup Period And Trading Restrictions	the closing price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days
Payments for Underwriting Expense	$ 5,000,000
Convertible Notes Payable, Current	$ 1,500,000		$ 0
IPO [Member]
Related Party Transaction [Line Items]
Share Price	$ 10
Stock Issued During Period, Shares, New Issues	25,000,000
Common Class A [Member]
Related Party Transaction [Line Items]
Common Stock, Shares, Outstanding	1,467,887		1,348,457
Common Class A [Member] | IPO [Member]
Related Party Transaction [Line Items]
Common Stock, Shares, Outstanding	638,561
Sponsor Warrants [Member]
Related Party Transaction [Line Items]
Class F shares issued	$ 7,000,000
Share Price	$ 0.50
Stock Issued During Period, Shares, New Issues	14,000,000
Warrant [Member]
Related Party Transaction [Line Items]
Share Price	$ 0.50
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,600,000
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage	23.00%
Leucadia Sponsor [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Common Stock, Discount on Shares	$ 3,718,750
Leucadia Sponsor [Member] | IPO [Member]
Related Party Transaction [Line Items]
Payments for Underwriting Expense	2,125,000
Fertitta Entertainment, Inc. [Member]
Related Party Transaction [Line Items]
Administrative Fees Expense	$ 10,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	75,000
Convertible Notes Payable, Current		$ 1,500,000
Cash To be Paid In Satisfaction Of Convertible Notes Payable	$ 1,250,000

The Merger Agreement (Details T

The Merger Agreement (Details Textual) $ / shares in Units, $ in Millions	1 Months Ended
	May 16, 2018USD ($)$ / shares
Business Combination Consideration Transferred Description	The cash portion of the consideration will be an aggregate amount equal to the sum of (i) $50.0 million (the “Minimum Cash Consideration Amount”) plus (ii) an additional cash amount, if any, not to exceed $25.0 million, which together with the Minimum Cash Consideration Amount will not exceed a maximum of $75.0 million (the “Cash Consideration”). The remainder of $300.0 million less the Cash Consideration will be paid in the form of shares of the Company’s common stock valued at $10.00 per share (the “Stock Consideration”). In addition, all options to purchase Waitr shares that are unvested, outstanding and unexercised as of immediately prior to the Effective Time, valued at approximately $8.0 million, will be assumed by the Company.
Business Combination Conditions to Closing Description	The closing of the Waitr Business Combination is subject to certain conditions, including, among others, (i) approval by the Company’s stockholders of the Extension, (ii) approval by the Company’s stockholders of the Merger Agreement, the Waitr Business Combination and certain other actions related thereto, (iii) approval by Waitr’s stockholders of the Waitr Business Combination, (iv) approval of the listing of the Company’s common stock to be issued in connection with the Waitr Business Combination on Nasdaq, (v) completion of any redemptions of shares by the Company’s stockholders in connection with the Waitr Business Combination, (vi) delivery of lockup agreements from each stockholder of Waitr receiving Stock Consideration pursuant to the Merger Agreement and from the Company’s founders with respect to their private placement warrants, (vii) delivery by the Company of evidence that after the closing of the Waitr Business Combination, the Company will have at least $75.0 million in cash or investments in government securities or money market funds that invest only in direct United States Treasury obligations, and (viii) the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
Waitr Business Combination [Member]
Business Acquisition, Share Price | $ / shares	$ 10
Waitr Business Combination [Member] | Equity Option [Member]
Business Combination, Consideration Transferred	$ 8
Waitr Business Combination [Member] | Cash [Member]
Business Combination, Consideration Transferred	300
Waitr Business Combination [Member] | Minimum [Member]
Cash	$ 75