Verra Mobility (VRRM) 10-Q 5 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 01, 2019
Cover [Abstract]
Entity Registrant Name	VERRA MOBILITY CORPORATION
Entity Central Index Key	0001682745
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity File Number	001-37979
Entity Tax Identification Number	81-3563824
Entity Address, Address Line One	1150 North Alma School Road
Entity Address, City or Town	Mesa
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85201
City Area Code	480
Local Phone Number	443-7000
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Trading Symbol	VRRM
Entity Common Stock, Shares Outstanding		159,150,055
Entity Interactive Data Current	Yes
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 135,564	$ 65,048
Restricted cash	2,156	2,033
Accounts receivable, net	108,682	87,511
Unbilled receivables	15,073	12,956
Prepaid expenses and other current assets	26,623	17,600
Total current assets	288,098	185,148
Installation and service parts, net	7,936	9,282
Property and equipment, net	69,481	69,243
Intangible assets, net	444,506	514,542
Goodwill	563,452	564,723
Other non-current assets	2,386	1,845
Total assets	1,375,859	1,344,783
Current liabilities:
Accounts payable	57,194	45,188
Accrued liabilities	24,020	14,444
Current portion of long-term debt	9,104	9,104
Total current liabilities	90,318	68,736
Long-term debt, net of current portion and deferred financing costs	858,189	860,249
Other long-term liabilities	2,872	3,369
Payable related to tax receivable agreement	66,097	69,996
Asset retirement obligation	6,740	6,750
Deferred tax liabilities	24,052	33,627
Total liabilities	1,048,268	1,042,727
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock, $.0001 par value
Common stock, $.0001 par value	16	16
Common stock contingent consideration	54,862	73,150
Additional paid-in capital	369,670	348,017
Accumulated deficit	(89,400)	(113,306)
Accumulated other comprehensive loss	(7,557)	(5,821)
Total stockholders' equity	327,591	302,056
Total liabilities and stockholders' equity	$ 1,375,859	$ 1,344,783

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Total revenue	$ 128,240			$ 107,602			$ 336,276	$ 275,040
Operating expenses	32,965			27,820			94,098	80,301
Selling, general and administrative expenses	21,293			21,687			62,709	82,551
Depreciation, amortization and (gain) loss on disposal of assets, net	28,697			28,790			86,488	74,830
Impairment of property and equipment							5,898
Total costs and expenses	91,581			81,407			264,015	244,324
Income from operations	36,659			26,195			72,261	30,716
Interest expense, net	14,932			20,312			46,621	52,538
Loss on extinguishment of debt								10,151
Other income, net	(2,727)			(2,942)			(8,279)	(7,001)
Total other expense (income)	12,205			17,370			38,342	55,688
Income (loss) before income tax provision (benefit)	24,454			8,825			33,919	(24,972)
Income tax provision (benefit)	6,702			2,312			9,756	(4,532)
Net income (loss)	17,752	$ 3,591	$ 2,820	6,513	$ (4,795)	$ (22,158)	24,163	(20,440)
Other comprehensive income (loss):
Foreign currency translation adjustment	(1,664)			(728)			(1,736)	(4,440)
Total comprehensive income (loss)	$ 16,088			$ 5,785			$ 22,427	$ (24,880)
Earnings (loss) per share:
Basic weighted average shares outstanding	158,610,000			72,904,000			157,514,000	69,334,000
Basic earnings (loss) per share	$ 0.11			$ 0.09			$ 0.15	$ (0.29)
Diluted weighted average shares outstanding	163,705,000			72,904,000			160,723,000	69,334,000
Diluted earnings (loss) per share	$ 0.11			$ 0.09			$ 0.15	$ (0.29)
Service Revenue
Total revenue	$ 110,757			$ 105,203			$ 311,884	$ 271,253
Cost of revenue	1,388			1,735			4,390	4,217
Product Sales
Total revenue	17,483			2,399			24,392	3,787
Cost of revenue	$ 7,238			$ 1,375			$ 10,432	$ 2,425

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	HTA	EPC	Common Stock	Common StockPlatinum Stockholder	Common StockHTA	Common StockEPC	Common Stock Contingent Consideration	Common Stock Contingent ConsiderationPlatinum Stockholder	Additional Paid-in Capital	Additional Paid-in CapitalPlatinum Stockholder	Additional Paid-in CapitalHTA	Additional Paid-in CapitalEPC	Retained Earnings (Deficit)	Accumulated Other Comprehensive Loss
Beginning Balance at Dec. 31, 2017	$ 147,264			$ 6						$ 129,020				$ 18,238
Beginning Balance (in shares) at Dec. 31, 2017				60,484
Net income (loss)	(22,158)													(22,158)
Stock issued in exchange for acquisition		$ 57,271				$ 1						$ 57,270
Stock issued in exchange for acquisition (in shares)						6,051
Ending Balance at Mar. 31, 2018	182,377			$ 7						186,290				(3,920)
Ending Balance (in shares) at Mar. 31, 2018				66,535
Beginning Balance at Dec. 31, 2017	147,264			$ 6						129,020				18,238
Beginning Balance (in shares) at Dec. 31, 2017				60,484
Net income (loss)	(20,440)
Ending Balance at Sep. 30, 2018	239,940			$ 8						246,574				(2,202)	$ (4,440)
Ending Balance (in shares) at Sep. 30, 2018				72,904
Beginning Balance at Mar. 31, 2018	182,377			$ 7						186,290				(3,920)
Beginning Balance (in shares) at Mar. 31, 2018				66,535
Net income (loss)	(4,795)													(4,795)
Stock issued in exchange for acquisition			$ 60,285				$ 1						$ 60,284
Stock issued in exchange for acquisition (in shares)							6,369
Other comprehensive income (loss)	(3,712)														(3,712)
Ending Balance at Jun. 30, 2018	234,155			$ 8						246,574				(8,715)	(3,712)
Ending Balance (in shares) at Jun. 30, 2018				72,904
Net income (loss)	6,513													6,513
Other comprehensive income (loss)	(728)														(728)
Ending Balance at Sep. 30, 2018	239,940			$ 8						246,574				(2,202)	(4,440)
Ending Balance (in shares) at Sep. 30, 2018				72,904
Beginning Balance at Dec. 31, 2018	302,056			$ 16				$ 73,150		348,017				(113,306)	(5,821)
Beginning Balance (in shares) at Dec. 31, 2018				156,057
Net income (loss)	2,820													2,820
Cumulative effect of adoption of the new revenue accounting standard	(257)													(257)
Adjustment to equity infusion from Gores	(6,205)									(6,205)
Adjustment to tax receivable agreement liability	2,940									2,940
Stock-based compensation	2,143									2,143
Other comprehensive income (loss)	1,324														1,324
Ending Balance at Mar. 31, 2019	304,821			$ 16				73,150		346,895				(110,743)	(4,497)
Ending Balance (in shares) at Mar. 31, 2019				156,057
Beginning Balance at Dec. 31, 2018	302,056			$ 16				73,150		348,017				(113,306)	(5,821)
Beginning Balance (in shares) at Dec. 31, 2018				156,057
Net income (loss)	24,163
Ending Balance at Sep. 30, 2019	327,591			$ 16				54,862		369,670				(89,400)	(7,557)
Ending Balance (in shares) at Sep. 30, 2019				158,610
Beginning Balance at Mar. 31, 2019	304,821			$ 16				73,150		346,895				(110,743)	(4,497)
Beginning Balance (in shares) at Mar. 31, 2019				156,057
Net income (loss)	3,591													3,591
Stock issued in exchange for acquisition									$ (18,288)		$ 18,288
Stock issued in exchange for acquisition (in shares)					2,500
Vesting of restricted stock units (in shares)				53
Stock-based compensation	2,812									2,812
Other comprehensive income (loss)	(1,396)														(1,396)
Ending Balance at Jun. 30, 2019	309,828			$ 16				54,862		367,995				(107,152)	(5,893)
Ending Balance (in shares) at Jun. 30, 2019				158,610
Net income (loss)	17,752													17,752
Adjustment to equity infusion from Gores	(796)									(796)
Stock-based compensation	2,471									2,471
Other comprehensive income (loss)	(1,664)														(1,664)
Ending Balance at Sep. 30, 2019	$ 327,591			$ 16				$ 54,862		$ 369,670				$ (89,400)	$ (7,557)
Ending Balance (in shares) at Sep. 30, 2019				158,610

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Cash Flows from Operating Activities:
Net income (loss)	$ 24,163	$ (20,440)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	86,501	74,839
Amortization of deferred financing costs and discounts	5,066	6,933
Impairment of property and equipment	5,898
Bad debt expense	5,347	4,355
Deferred income taxes	(9,426)	(16,514)
Stock-based compensation	7,426
Loss on extinguishment of debt		10,151
Installation and service parts expense	1,055	432
Accretion expense	269	292
Write-downs of installation and service parts and (gain) on disposal of assets	(13)	(9)
Changes in operating assets and liabilities:
Accounts receivable, net	(26,353)	(10,703)
Unbilled receivables	(2,117)	(7,744)
Prepaid expenses and other current assets	(8,971)	3,751
Other assets	(541)	(1,305)
Accounts payable and accrued liabilities	12,258	1,651
Other liabilities	(4,976)	365
Net cash provided by operating activities	95,586	46,054
Cash Flows from Investing Activities:
Acquisition of businesses, net of cash and restricted cash acquired		(525,362)
Purchases of installation and service parts and property and equipment	(17,492)	(19,622)
Cash proceeds from the sale of assets	14	5
Net cash used in investing activities	(17,478)	(544,979)
Cash Flows from Financing Activities:
Borrowings on revolver		468
Repayment on revolver		(468)
Borrowings of long-term debt		1,033,800
Repayment of long-term debt	(6,827)	(452,575)
Payment of debt issuance costs	(299)	(30,352)
Payment of debt extinguishment costs		(8,187)
Net cash (used in) provided by financing activities	(7,126)	542,686
Effect of exchange rate changes on cash and cash equivalents	(343)	(594)
Net increase in cash, cash equivalents and restricted cash	70,639	43,167
Cash, cash equivalents and restricted cash - beginning of period	67,081	10,509
Cash, cash equivalents and restricted cash - end of period	137,720	53,676
Supplemental cash flow information:
Interest paid	42,308	45,238
Income taxes paid, net	23,870	857
Supplemental non-cash investing and financing activities:
Reduction to tax receivable agreement liability	2,940
Gores equity infusion working capital adjustment payable to related party	7,001
Earn-out shares issued to Platinum Stockholder	18,288
Additions to ARO, property and equipment, and other	175	188
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end	$ 8,399	3,518
Capital contributions received in Parent common stock		117,556
Payable to HTA sellers in connection with business acquisition		$ 11,337

Basis of Presentation and Descr

Basis of Presentation and Description of Business	9 Months Ended
	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Description of Business	1. Basis of Presentation and Description of Business Basis of Presentation Verra Mobility Corporation (collectively with its subsidiaries, the “ Company Verra Mobility Gores Nasdaq On June 21, 2018, Gores, AM Merger Sub I, Inc., a direct, wholly-owned subsidiary of Gores (“ First Merger Sub Second Merger Sub Greenlight Merger Agreement First Merger Second Merger Merger Business Combination In connection with the closing of the Business Combination on October 17, 2018 (the “ Closing Date On May 31, 2017, Greenlight Acquisition Corporation (“ Parent ATS ATS Merger Sub ATS Merger Platinum Description of Business Verra Mobility offers integrated technology solutions and services to commercial fleets, rental car companies and state and local governments. The Company has customers located throughout the United States, Canada and Europe. The Company is organized into two operating divisions: Commercial Services and Government Solutions (see Note 15). 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 all-electronic cashless 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. In Europe, the Company provides violations processing through Euro Parking Collection plc (“ EPC ”) 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, counties, school districts and law enforcement agencies of all sizes.

Significant Accounting Principl

Significant Accounting Principles and Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Significant Accounting Principles and Policies	2 . Significant Accounting Principles and Policies Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of the Company prepared in accordance with generally accepted accounting principles in the United States of America (“ GAAP Use of Estimates The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited interim condensed 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. Recent Accounting Pronouncements Accounting Standards Adopted In January 2016, the Financial Accounting Standards Board (“ FASB ”) issued Accounting Standards Update (“ ASU ”) Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, , In November 2016, the FASB issued ASU Statement of Cash Flows (Topic 230): Restricted Cash The following table provides a reconciliation of Cash and cash equivalents and Restricted cash reported within the Condensed Consolidated Balance Sheets as of September 30, 2019 and 2018, respectively, that sums to the total of such amounts in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30 ($ in thousands) September 30, 2019 September 30, 2018 Cash and cash equivalents $ 135,564 $ 51,948 Restricted cash 2,156 1,728 Cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows $ 137,720 $ 53,676 Revenue Recognition On January 1, 2019, the Company adopted ASU 2014-09 , Revenue from Contracts with Customers ASC 606 Revenue Recognition ASC 605 The Company has evaluated its current accounting practices to the requirements of ASC 606. This evaluation included an assessment of representative contracts from each of the Company’s revenue streams. The adoption of this standard did not have a material impact on the Company’s financial position, results of operations or cash flows, however, there have been additions and modification to its existing financial disclosures. While the overall revenue, systems and controls were minimally impacted by the new standard, the underlying recognition methodology has changed. Under the new standard, the Company now recognizes revenue when the Company satisfies the performance obligation, including, for some of its contracts, the processing of the violation on the customer’s behalf. The primary difference under ASC 606 within the Government Solutions segment is the deferral of revenue related to certain variable price contracts, until citation payment. The Company recorded a $0.3 million reduction to opening retained earnings as of January 1, 2019 for the cumulative impact of adoption related to the recognition of revenue in its Government Solutions segment. There was no cumulative impact of adoption related to the Commercial Services segment. The comparative information was not restated and continues to be presented under ASC 605 for those periods. There was no material impact upon adoption related to the costs of obtaining or fulfilling a contract. Nature of goods and services The following is a description of principal activities – separated by reportable segments – from which the Company generates revenue: a) Commercial Services segment: The Commercial Services segment 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. The Company determined its performance obligation is a distinct stand-ready obligation, as there is an unspecified quantity of services provided that does not diminish, and the customer is being charged only when it uses the Company’s services, such as toll payment, title and registration, etc. Therefore, all services provided within the Commercial Services segment are accounted for as a single performance obligation, of a series of distinct items, with distinct time increments, as a stand-ready obligation. Payment terms for contracts with commercial fleet and rental car companies vary, but are usually billed as services are performed. Revenue from services provided in the Commercial Services segment is recognized over time as the customer simultaneously receives and consumes the benefits provided by the Company and as the Company performs the services. b) Government Solutions segment: The Government Solutions segment principally generates revenue from providing complete, end-to-end red-light, speed, school bus stop arm, and bus lane enforcement solutions. Products, when sold, are typically sold together with the services in a bundle. The average initial term of a contract is 3 to 5 years. Payment terms for contracts with government agencies vary depending on whether the consideration is fixed or variable. Payment terms for contracts with fixed consideration are usually based on equal installments over the duration of the contract. Payment terms for contracts with variable consideration are usually billed and collected as citations are issued or paid. For bundled packages, the Company accounts for individual products and services separately if they are distinct – i.e., if a product or service is separately identifiable from other items in the bundle and if a customer can benefit from it as a stand-alone item. The consideration is allocated between separate products and services in a bundle based on their stand-alone selling prices (“ SSP • Product sales (sale of camera and installation) – The Company recognizes revenue when the installation process is completed and the camera is ready to perform the services as expected by the customer. Generally, it occurs at site acceptance or first citation. The Company recognizes revenue for the sale of the camera and installation services at a point in time. • Service revenue – The Company determined its performance obligation is to provide a complete end-to-end safety and enforcement solution. Promises include providing a system to capture images, processing images taken by the camera, forwarding eligible images to the local police department and processing payments on behalf of the municipality. The Company determined that certain of the promises to its customers are capable of being distinct, as they may provide some measure of benefit to the customer either on their own or together with other resources that are readily available to the customer. However, the Company determined that the promises to its customers do not meet the criterion of being distinct within the context of its contracts. The Company would not be able to fulfill its promises individually, as its customers could not obtain the intended benefit from the contract without the Company fulfilling all promises. Accordingly, the Company concluded that each contract represents one service offering and is a single performance obligation to our customer. Further, the Company accounts for all the services as a single continuous service. The Company applies the series guidance for those services as the nature of the service is to provide a service for a period of time with distinct time increments. The Company recognizes revenue from services over time, as they are performed. Remaining Performance Obligations As of September 30, 2019, the Company had approximately $0.2 million of remaining performance obligations in the Government Solutions segment, which include amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under ASC 606 as of September 30, 2019. As these amounts relate to the initial deferral of revenue under a contract, the Company expects to recognize these amounts over a two month period at the end of the contract. The Company applies the practical expedient in paragraph 606-10-50-14A of ASC 606 and does not disclose variable consideration allocated entirely to wholly unsatisfied stand-ready performance obligations for certain Government Solutions and Commercial Services contracts as part of the information about remaining performance obligations. The duration for these contracts ranges between 3 and 5 years for new contracts. Significant Judgments Under the new revenue standard, significant judgments are required in order to identify contracts with customers and estimate transaction prices. Additional judgments are required for the identification of distinct performance obligations, the estimation of standalone selling prices and the allocation of the transaction price by relative standalone selling prices. Assumptions regarding timing of when control transfers to the customer requires significant judgment in order to recognize revenue. The Company makes significant judgments related to identifying the performance obligation and determining whether the services provided are able to be distinct, determining the transaction price, specifically as it is related to the different variable consideration structures identified in the Company’s contracts, and in determining the timing of revenue recognition. Accounting Standards Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350) In June 2018, the FASB issued ASU 2018-07, Compensation—Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting In August 2018, the FASB issued ASU 2018-13, (Topic 820) Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement

Merger and Acquisition

Merger and Acquisition	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Merger and Acquisition	3 . Mergers and Acquisitions Verra Mobility Merger As described in Note 1, Gores and Greenlight consummated the Business Combination on October 17, 2018. Pursuant to Business Combinations (Topic 805) 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 ATS Merger agreement). The Company recognized approximately $9.9 million of costs related to the ATS Merger, which consisted of $8.0 million of payments for acquisition services to Platinum Equity Advisors, LLC, an affiliate of Platinum (“ Advisors 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 8). 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 Unit Agreement HTA Merger 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 $1.1 billion, which was used to derive a per share value. The final allocation of the purchase consideration is summarized as follows: ($ in thousands) Assets acquired Cash $ 2,996 Accounts receivable 10,220 Prepaid expense and other current assets 5,266 Installation and service parts 296 Property and equipment 996 Customer relationships 242,500 Developed technology 72,800 Non-compete agreements 48,500 Trademark 5,500 Goodwill 233,271 Total assets acquired 622,345 Liabilities assumed Accounts payable and accrued expenses 14,268 Deferred tax liability 4,733 Total liabilities assumed 19,001 Total purchase price $ 603,344 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. 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-compete 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-compete 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 Condensed Consolidated Statement of Operations in the nine months ended September 30 EPC Merger On April 6, 2018, the Company acquired all of the issued and outstanding capital stock of 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 stock purchase agreement, which aggregated $2.6 million, resulting in an aggregate purchase price of $62.9 million (the “ EPC Merger 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 $1.1 billion, which was used to derive a per share value. The final allocation of the purchase consideration is summarized as follows: ($ in thousands) Assets acquired Cash $ 9,029 Other assets 1,948 Trademark 1,100 Customer relationships 19,400 Developed technology 3,900 Goodwill 40,826 Total assets acquired 76,203 Liabilities assumed Accounts payable and accrued expenses 8,995 Deferred tax liability 4,273 Total liabilities assumed 13,268 Total purchase price $ 62,935 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 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 nine months ended September 30, 2018, which consisted of $2.5 million for acquisition services to Advisors and $0.5 million of professional fees and other expenses. Pro Forma Financial Information The pro forma information below gives effect to the Business Combination, the HTA Merger and the EPC Merger (collectively, the “ Transactions Nine Months Ended ($ in thousands) September 30, 2018 Revenue $ 294,262 Income from operations 50,922 Net income before income tax 14,357 Net income 8,715 Earnings per share - basic $ 0.13 The pro forma results include adjustments to reflect additional amortization of intangibles associated with the acquired businesses and interest expense for debt issued in connection with the HTA Merger.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2019
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: ($ in thousands) September 30, 2019 December 31, 2018 Prepaid tolls $ 10,609 $ 8,434 Prepaid services 4,710 3,017 Prepaid income taxes 5,608 1,562 Prepaid computer maintenance 2,679 1,709 Deposits 1,699 839 Prepaid insurance 583 1,230 Prepaid rent 535 406 Other 200 403 Total prepaid expenses and other current assets $ 26,623 $ 17,600

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	5 . Goodwill and Intangible Assets The following table presents the changes in the carrying amount of goodwill by reportable segment: Commercial Government ($ in thousands) Services Solutions Total Balance at December 31, 2018 $ 404,977 $ 159,746 $ 564,723 Foreign currency translation adjustment (1,271 ) — (1,271 ) Balance at September 30, 2019 $ 403,706 $ 159,746 $ 563,452 Intangible assets consist of the following as of the respective period-ends: September 30, 2019 December 31, 2018 Weighted Weighted Average Gross Average Gross Remaining Carrying Accumulated Remaining Carrying Accumulated ($ in thousands) Useful Life Amount Amortization Useful Life Amount Amortization Trademarks 1.8 years $ 31,265 $ 16,518 2.7 years $ 31,302 $ 8,902 Non-compete agreements 3.3 years 62,100 21,705 4.0 years 62,100 12,390 Customer relationships 7.1 years 359,132 72,450 7.9 years 359,768 42,201 Developed technology 3.5 years 160,724 58,042 4.3 years 160,852 35,987 Gross carrying value of intangible assets 613,221 $ 168,715 614,022 $ 99,480 Less: accumulated amortization (168,715 ) (99,480 ) Intangible assets, net $ 444,506 $ 514,542 Amortization expense was $23.1 million for each of the three months ended September 30 September 30 Estimated amortization expense in future years is expected to be: ($ in thousands) Remainder of 2019 $ 23,022 2020 92,088 2021 83,797 2022 79,090 2023 50,691 2024 40,203 Thereafter 75,615 Total $ 444,506

Impairment of Property and Equi

Impairment of Property and Equipment	9 Months Ended
	Sep. 30, 2019
Asset Impairment Charges [Abstract]
Impairment of Property and Equipment	6. Impairment of Property and Equipment The Company reviews its long-lived assets for impairment whenever events or circumstances indicate that the carrying value of an asset may not be fully recoverable. The Company assesses recoverability by comparing the estimated undiscounted future cash flows expected to be generated by the assets with their carrying value. If the carrying value of the assets exceeds the estimated undiscounted future cash flows expected to be generated by the assets, an impairment loss is recognized for the difference between the estimated fair value of the assets and their carrying value. The state of Texas passed legislation as of June 1, 2019 to ban red-light photo enforcement programs across the state, with certain carve-outs for some existing programs. The Company considered this event an indicator for potential impairment and, as such, evaluated the recoverability of property and equipment used in the operations of red-light photo enforcement programs in Texas. As a result, the Company recognized an impairment charge in the Government Solutions segment of $5.9 million for the nine months ended September 30, 2019, which is included in Impairment of property and equipment in the Condensed Consolidated Statements of Operations.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2019
Payables And Accruals [Abstract]
Accrued Liabilities	7 . Accrued Liabilities Accrued liabilities consist of the following at: ($ in thousands) September 30, 2019 December 31, 2018 Accrued salaries and wages $ 9,749 $ 8,340 Gores equity infusion working capital adjustment payable to related party 7,001 — Restricted cash due to customers 2,156 2,033 Current portion of related party TRA liability 914 — Accrued self-insurance liability 798 423 Accrued sales commissions 599 463 Advanced deposits payable 375 805 Deferred rent 371 523 Income taxes payable 359 862 Accrued interest payable 216 232 Other 1,482 763 Total accrued liabilities $ 24,020 $ 14,444

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	8 . Debt The following table provides a summary of the Company’s long-term debt at: ($ in thousands) September 30, 2019 December 31, 2018 New First Lien Term Loan, due February 28, 2025 $ 896,697 $ 903,524 Less: original issue discounts (5,026 ) (5,819 ) Less: unamortized deferred financing costs (24,378 ) (28,352 ) Total debt 867,293 869,353 Less: Current portion of long-term debt (9,104 ) (9,104 ) Total long-term debt, net of current portion $ 858,189 $ 860,249 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 “ Old First Lien Old Second Lien Old Term Loans Old Revolver 2017 Credit Facilities 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 New Second Lien Term Loan ”), (collectively the “ New Term Loans ”) and a Revolving Credit 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 with 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). The preexisting Old Term Loans were repaid concurrent with the closing on the 2018 Credit Facilities and the preexisting Old Revolver was undrawn at close. The outstanding balances at the date of close on the Old Term Loans, which were repaid with proceeds from the 2018 Credit Facilities, were $323.4 million and $125 million, respectively. In July 2018, the Company amended the New First Lien Term Loan (the “ New First Lien Term Loan Amendment The New First Lien Term Loan is repayable at 1.0% per annum of the amount initially borrowed, paid in quarterly installments. The New First Lien Term Loan matures on February 28, 2025. The New First Lien Term Loan bears interest based, at our 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. At September 30, 2019, the interest rate on the New First Lien Term Loan was 5.79%. In addition, the New First Lien Term Loan contains provisions that require mandatory prepayments of excess cash flow (as defined by the New First Lien Term Loan agreement) to be made as of the last day of the fiscal year, beginning with fiscal year ending December 31, 2019, in an amount equal to the percentages set forth in the following table: Consolidated first lien net leverage ratio (as defined by the New First Lien Term Loan agreement) Applicable prepayment percentage > 3.70:1.00 50% < 25% < 0% 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 New 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 availability to borrow under the commitment. At September 30 Interest on the unused portion of the New Revolver is payable quarterly at 0.375% at September 30 September 30 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 September 30 The Company recognized a charge of $10.2 million in the nine months ended September 30 The Company recorded interest expense, including amortization of deferred financing costs and discounts, of $14.9 million and $20.3 million for the three months ended September 30 The weighted average effective interest rate of the Company’s outstanding borrowings under the 2018 Credit Facilities was 5.79% at September 30

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	9 . Fair Value Measurements As of September 30 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 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 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 unaudited interim 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 value of our New First Lien Term Loan as of September 30 Level in September 30, 2019 December 31, 2018 Fair Value Carrying Estimated Carrying Estimated ($ in thousands) Hierarchy Amount Fair Value Amount Fair Value Total debt 2 $ 867,293 $ 902,301 $ 869,353 $ 889,971

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2019
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 components of basic and diluted net income (loss) per share are as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2019 2018 2019 2018 Numerator: Net income (loss) $ 17,752 $ 6,513 $ 24,163 $ (20,440 ) Denominator: Weighted average shares - basic 158,610 72,904 157,514 69,334 Common stock equivalents 5,095 — 3,209 — Weighted average shares - diluted 163,705 72,904 160,723 69,334 Net income (loss) per common share - basic $ 0.11 $ 0.09 $ 0.15 $ (0.29 ) Net income (loss) per common share - diluted $ 0.11 $ 0.09 $ 0.15 $ (0.29 ) Antidilutive weighted average shares excluded from diluted net income (loss) per share: Contingently issuable shares (1) 7,500 — 8,571 — Warrants — 20,000 6,667 20,000 Restricted stock units — — 29 — Total antidilutive shares excluded 7,500 20,000 15,267 20,000 (1) Related Party Transactions

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes Our interim income tax provision is determined using an estimated annual effective tax rate, adjusted for discrete items arising in that period. The estimated annual effective tax rate requires judgment and is dependent upon several factors. We provide for income taxes under the liability method. This approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of differences between the tax basis of assets or liabilities and their carrying amounts in the financial statements. We provide a valuation allowance for deferred tax assets if it is more likely than not that these items will expire before we are able to realize their benefit. We calculate the valuation allowance in accordance with the authoritative guidance relating to income taxes, which requires an assessment of both positive and negative evidence regarding the realizability of these deferred tax assets, when measuring the need for a valuation allowance. Significant judgment is required in determining any valuation allowance against deferred tax assets. Our effective income tax rate was 27.4% and 26.2% for the three months ended September 30 The total amount of unrecognized tax benefits as of September 30 September 30 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 2016 to 2018. The Company’s state income tax returns are under examination by certain states for tax years 2015 to 2017, and other state income tax returns are subject to examination for tax years 2014 to 2018. Tax returns for years prior to 2014 remain open in a number of states due to tax attributes generated but not utilized yet. 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.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation The following details the components of stock-based compensation for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2019 2018 2019 2018 Operating expenses $ 138 $ — $ 614 $ — Selling, general and administrative expenses 2,333 — 6,812 — Total stock-based compensation expense $ 2,471 $ — $ 7,426 $ — There were no corresponding stock compensation amounts in the three and nine months ended September 30

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	13 . Related Party Transactions Tax Receivable Agreement At the closing of the Business Combination, the Company entered into a tax receivable agreement (“ TRA Platinum Stockholder September 30 Earn-Out Agreement Under the Merger Agreement, the Platinum Stockholder is entitled to receive additional shares of Class A Common Stock (the “ Earn-Out Shares” Common Stock Price The Earn-Out Shares are 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 (each, a “ Triggering Event 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 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 was initially recorded as a distribution to shareholders and was presented as Common stock contingent consideration. Upon the occurrence of a Triggering Event, any issuable shares would be transferred from Common stock contingent consideration 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. On April 26, 2019, the Triggering Event for the issuance of the first tranche of Earn-Out Shares occurred, as the volume weighted average closing price per share of the Company’s Class A Common Stock as of that date had been greater than $13.00 for 10 out of 20 consecutive trading days. This Triggering Event resulted in the issuance of 2,500,000 shares of the Company’s Class A Common Stock and an increase in the Company’s Common stock and Additional paid-in capital accounts of $18.3 million, with a corresponding decrease to the Common stock contingent consideration account. Platinum Stockholder Secondary Offering On June 10, 2019, the Platinum Stockholder sold 15,000,000 shares of the Company’s Class A Common Stock in a secondary offering. On July 8, 2019, the underwriters of the secondary offering fully exercised the overallotment option granted at the time of the secondary offering to purchase an additional 2,250,000 shares of the Company’s Class A Common Stock at the secondary offering price of $12.50 per share, less underwriting discounts and commissions, from the Platinum Stockholder. The Company received no proceeds from the secondary offering or the exercise of the overallotment option. The Company incurred $1.1 million in expenses related to the secondary offering, consisting of various registration, filing and professional services fees, which were included in the Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. Specifically, pursuant to the Amended and Restated Registration Rights Agreement dated as of October 17, 2018, the Company was required to pay, among other things, all registration and filing fees, reasonable fees and expenses of legal counsel for the Platinum Stockholder, and road show and marketing expenses. After giving effect to the secondary offering and exercise of the overallotment option, the Platinum Stockholder held approximately 24.6% of the Company’s outstanding Class A Common Stock. Advisory Services Agreement The Company had a corporate advisory services agreement with Advisors whereby the Company paid a management fee for services and related expenses incurred by Advisors in the provision of those services. The Company paid $4.1 million during the nine months ended September 30, 2018. On January 7, 2019, the Company entered into a new corporate advisory services agreement with Advisors to 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.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. 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 $0.1 million at September 30 The Company has non-cancelable purchase commitments to certain vendors. The aggregate non-cancelable purchase commitments outstanding at September 30 The Company is subject to tax audits in the normal course of business and does not have material contingencies recorded related to such audits. 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 will be 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 condensed 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.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	15. Segment Reporting The Company has two operating and reportable segments, Commercial Services and Government Solutions. Commercial Services offers toll and violation management solutions and title and registration services to commercial fleet vehicle owners, rental car companies and violation issuing authorities. Government Solutions implements and administers traffic safety programs and products for municipalities and local government agencies of all sizes. The Company’s Chief Operating Decision Maker (“ CODM Segment performance is based on revenues and income from operations before depreciation, amortization, gain (loss) on disposal of assets, net, impairment of property and equipment, and stock-based compensation. The measure also excludes interest expense, net, loss on extinguishment of debt, income taxes and is inclusive of other income, net. The tables below refer to this measure as Segment profit (loss). The aforementioned items 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 is therefore included in Segment profit (loss). There are no significant non-cash items reported in Segment profit (loss). The following tables set forth financial information by segment for the respective periods: For the Three Months Ended September 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 77,633 $ 33,124 $ — $ 110,757 Product sales — 17,483 — 17,483 Total revenue 77,633 50,607 — 128,240 Cost of service revenue 1,064 324 — 1,388 Cost of product sales — 7,238 — 7,238 Operating expenses 17,777 15,050 — 32,827 Selling, general and administrative expenses 10,407 8,266 287 18,960 Other income, net (2,672 ) (55 ) — (2,727 ) Segment profit (loss) $ 51,057 $ 19,784 $ (287 ) $ 70,554 Segment profit (loss) $ 51,057 $ 19,784 $ (287 ) $ 70,554 Depreciation and amortization — — 28,697 28,697 Stock-based compensation — — 2,471 2,471 Interest expense, net — — 14,932 14,932 Income (loss) before income tax provision $ 51,057 $ 19,784 $ (46,387 ) $ 24,454 For the Three Months Ended September 30, 2018 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 71,971 $ 33,232 $ — $ 105,203 Product sales — 2,399 — 2,399 Total revenue 71,971 35,631 — 107,602 Cost of service revenue 1,087 648 — 1,735 Cost of product sales — 1,375 — 1,375 Operating expenses 13,969 13,851 — 27,820 Selling, general and administrative expenses 10,440 7,241 4,006 21,687 Other (income) expense, net (2,943 ) (26 ) 27 (2,942 ) Segment profit (loss) $ 49,418 $ 12,542 $ (4,033 ) $ 57,927 Segment profit (loss) $ 49,418 $ 12,542 $ (4,033 ) $ 57,927 Depreciation and amortization — — 28,792 28,792 Gain on disposal of assets, net — — (2 ) (2 ) Interest expense — — 20,312 20,312 Income (loss) before income tax provision $ 49,418 $ 12,542 $ (53,135 ) $ 8,825 For the Nine Months Ended September 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 208,312 $ 103,572 $ — $ 311,884 Product sales — 24,392 — 24,392 Total revenue 208,312 127,964 — 336,276 Cost of service revenue 2,843 1,547 — 4,390 Cost of product sales — 10,432 — 10,432 Operating expenses 49,595 43,889 — 93,484 Selling, general and administrative expenses 30,798 23,677 1,422 55,897 Other income, net (8,150 ) (129 ) — (8,279 ) Segment profit (loss) $ 133,226 $ 48,548 $ (1,422 ) $ 180,352 Segment profit (loss) $ 133,226 $ 48,548 $ (1,422 ) $ 180,352 Depreciation and amortization — — 86,501 86,501 Gain on disposal of assets, net — (13 ) — (13 ) Impairment of property and equipment — 5,898 — 5,898 Stock-based compensation — — 7,426 7,426 Interest expense, net — — 46,621 46,621 Income (loss) before income tax provision $ 133,226 $ 42,663 $ (141,970 ) $ 33,919 For the Nine Months Ended September 30, 2018 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 164,189 $ 107,064 $ — $ 271,253 Product sales — 3,787 — 3,787 Total revenue 164,189 110,851 — 275,040 Cost of service revenue 2,054 2,163 — 4,217 Cost of product sales — 2,425 — 2,425 Operating expenses 37,599 42,702 — 80,301 Selling, general and administrative expenses 42,992 20,586 18,973 82,551 Other income, net (6,912 ) (89 ) — (7,001 ) Segment profit (loss) $ 88,456 $ 43,064 $ (18,973 ) $ 112,547 Segment profit (loss) $ 88,456 $ 43,064 $ (18,973 ) $ 112,547 Depreciation and amortization — — 74,839 74,839 Gain on disposal of assets, net — — (9 ) (9 ) Interest expense — — 52,538 52,538 Loss on extinguishment of debt — — 10,151 10,151 Income (loss) before income tax (benefit) $ 88,456 $ 43,064 $ (156,492 ) $ (24,972 )

Guarantor_Non-Guarantor Financi

Guarantor/Non-Guarantor Financial Information	9 Months Ended
	Sep. 30, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Guarantor/Non-Guarantor Financial Information	16. 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 wholly-owned by Parent, 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. was known as ATS Consolidated, Inc. and its financial information was the same as 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 the Condensed Consolidated Balance Sheets as of September 30 September 30 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Balance Sheets At September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 135,564 $ — $ 135,564 Restricted cash — 2,156 — 2,156 Accounts receivable, net — 108,682 — 108,682 Unbilled receivables — 15,073 — 15,073 Investment in subsidiary 165,333 — (165,333 ) — Prepaid expenses and other current assets — 26,623 — 26,623 Total current assets 165,333 288,098 (165,333 ) 288,098 Installation and service parts, net — 7,936 — 7,936 Property and equipment, net — 69,481 — 69,481 Intangible assets, net — 444,506 — 444,506 Goodwill — 563,452 — 563,452 Due from affiliates 169,259 — (169,259 ) — Other non-current assets — 2,386 — 2,386 Total assets $ 334,592 $ 1,375,859 $ (334,592 ) $ 1,375,859 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 57,194 $ — $ 57,194 Accrued liabilities 7,001 17,019 — 24,020 Current portion of long-term debt — 9,104 — 9,104 Total current liabilities 7,001 83,317 — 90,318 Long-term debt, net of current portion and deferred financing costs — 858,189 — 858,189 Other long-term liabilities — 2,872 — 2,872 Payable related to tax receivable agreement — 66,097 — 66,097 Due to affiliates — 169,259 (169,259 ) — Asset retirement obligation — 6,740 — 6,740 Deferred tax liabilities — 24,052 — 24,052 Total liabilities 7,001 1,210,526 (169,259 ) 1,048,268 Total stockholders' equity 327,591 165,333 (165,333 ) 327,591 Total liabilities and stockholders' equity $ 334,592 $ 1,375,859 $ (334,592 ) $ 1,375,859 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income Three Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Service revenue $ — $ 110,757 $ — $ 110,757 Product sales — 17,483 — 17,483 Total revenue — 128,240 — 128,240 Cost of service revenue — 1,388 — 1,388 Cost of product sales — 7,238 — 7,238 Operating expenses — 32,965 — 32,965 Selling, general and administrative expenses — 21,293 — 21,293 Depreciation, amortization and (gain) loss on disposal of assets, net — 28,697 — 28,697 Total costs and expenses — 91,581 — 91,581 Income from operations — 36,659 — 36,659 (Income) from equity investment (17,752 ) — 17,752 — Interest expense, net — 14,932 — 14,932 Other income, net — (2,727 ) — (2,727 ) Total other expenses (income) (17,752 ) 12,205 17,752 12,205 Income before income tax provision 17,752 24,454 (17,752 ) 24,454 Income tax provision — 6,702 — 6,702 Net income $ 17,752 $ 17,752 $ (17,752 ) $ 17,752 Other comprehensive income: Foreign currency translation adjustment — (1,664 ) — (1,664 ) Total comprehensive income $ 17,752 $ 16,088 $ (17,752 ) $ 16,088 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income Nine Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Service revenue $ — $ 311,884 $ — $ 311,884 Product sales — 24,392 — 24,392 Total revenue — 336,276 — 336,276 Cost of service revenue — 4,390 — 4,390 Cost of product sales — 10,432 — 10,432 Operating expenses — 94,098 — 94,098 Selling, general and administrative expenses — 62,709 — 62,709 Depreciation, amortization and (gain) loss on disposal of assets, net — 86,488 — 86,488 Impairment of property and equipment — 5,898 — 5,898 Total costs and expenses — 264,015 — 264,015 Income from operations — 72,261 — 72,261 (Income) from equity investment (24,163 ) — 24,163 — Interest expense, net — 46,621 — 46,621 Other income, net — (8,279 ) — (8,279 ) Total other expenses (income) (24,163 ) 38,342 24,163 38,342 Income before income tax provision 24,163 33,919 (24,163 ) 33,919 Income tax provision — 9,756 — 9,756 Net income $ 24,163 $ 24,163 $ (24,163 ) $ 24,163 Other comprehensive income: Foreign currency translation adjustment — (1,736 ) — (1,736 ) Total comprehensive income $ 24,163 $ 22,427 $ (24,163 ) $ 22,427 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows Nine Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Cash Flows from Operating Activities: Net income $ 24,163 $ 24,163 $ (24,163 ) $ 24,163 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization — 86,501 — 86,501 Amortization of deferred financing costs and discounts — 5,066 — 5,066 Impairment of property and equipment — 5,898 — 5,898 Bad debt expense — 5,347 — 5,347 Deferred income taxes — (9,426 ) — (9,426 ) Stock-based compensation — 7,426 — 7,426 Installation and service parts expense — 1,055 — 1,055 Accretion expense — 269 — 269 Write-downs of installation and service parts and (gain) on disposal of assets — (13 ) — (13 ) (Income) loss from equity investment (24,163 ) — 24,163 — Changes in operating assets and liabilities: Accounts receivable, net — (26,353 ) — (26,353 ) Unbilled receivables — (2,117 ) — (2,117 ) Prepaid expenses and other current assets — (8,971 ) — (8,971 ) Other assets — (541 ) — (541 ) Accounts payable and accrued liabilities — 12,258 — 12,258 Due to affiliates — — — — Other liabilities — (4,976 ) — (4,976 ) Net cash provided by operating activities — 95,586 — 95,586 Cash Flows from Investing Activities: Purchases of installation and service parts and property and equipment — (17,492 ) — (17,492 ) Cash proceeds from the sale of assets — 14 — 14 Net cash used in investing activities — (17,478 ) — (17,478 ) Cash Flows from Financing Activities: Repayment of long-term debt — (6,827 ) — (6,827 ) Payment of debt issuance costs — (299 ) — (299 ) Net cash used in financing activities — (7,126 ) — (7,126 ) Effect of exchange rate changes on cash and cash equivalents — (343 ) — (343 ) Net increase in cash, cash equivalents and restricted cash — 70,639 — 70,639 Cash, cash equivalents and restricted cash - beginning of period — 67,081 — 67,081 Cash, cash equivalents and restricted cash - end of period $ — $ 137,720 $ — $ 137,720 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows (Continued) Nine Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor (Ultimate Parent) Subsidiary) Eliminations Consolidated Supplemental cash flow information: Interest paid $ — $ 42,308 $ — $ 42,308 Income taxes paid, net — 23,870 — 23,870 Supplemental non-cash investing and financing activities: Reduction to tax receivable agreement liability 2,940 — — 2,940 Gores equity infusion working capital adjustment payable to related party 7,001 — — 7,001 Earn-out shares issued to Platinum Stockholder 18,288 — — 18,288 Additions to ARO, property and equipment, and other — 175 — 175 Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end — 8,399 — 8,399

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Event	17. Subsequent Event On October 31, 2019, the Company completed the acquisition of all of the outstanding shares of Pagatelia S.L., a Spanish limited liability company that provides electronic consumer tolling and parking solutions in Spain, Portugal, France and Italy. The preliminary purchase price was $27.9 million, subject to customary post-closing adjustments based on a working capital formula. Pagatelia’s operating results are not expected to be material to the Company’s consolidated financial statements and will be included in the Commercial Services segment from the date of acquisition.

Significant Accounting Princi_2

Significant Accounting Principles and Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of the Company prepared in accordance with generally accepted accounting principles in the United States of America (“ GAAP
Use of Estimates	Use of Estimates The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited interim condensed 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted In January 2016, the Financial Accounting Standards Board (“ FASB ”) issued Accounting Standards Update (“ ASU ”) Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, , In November 2016, the FASB issued ASU Statement of Cash Flows (Topic 230): Restricted Cash The following table provides a reconciliation of Cash and cash equivalents and Restricted cash reported within the Condensed Consolidated Balance Sheets as of September 30, 2019 and 2018, respectively, that sums to the total of such amounts in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30 ($ in thousands) September 30, 2019 September 30, 2018 Cash and cash equivalents $ 135,564 $ 51,948 Restricted cash 2,156 1,728 Cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows $ 137,720 $ 53,676 Revenue Recognition On January 1, 2019, the Company adopted ASU 2014-09 , Revenue from Contracts with Customers ASC 606 Revenue Recognition ASC 605 The Company has evaluated its current accounting practices to the requirements of ASC 606. This evaluation included an assessment of representative contracts from each of the Company’s revenue streams. The adoption of this standard did not have a material impact on the Company’s financial position, results of operations or cash flows, however, there have been additions and modification to its existing financial disclosures. While the overall revenue, systems and controls were minimally impacted by the new standard, the underlying recognition methodology has changed. Under the new standard, the Company now recognizes revenue when the Company satisfies the performance obligation, including, for some of its contracts, the processing of the violation on the customer’s behalf. The primary difference under ASC 606 within the Government Solutions segment is the deferral of revenue related to certain variable price contracts, until citation payment. The Company recorded a $0.3 million reduction to opening retained earnings as of January 1, 2019 for the cumulative impact of adoption related to the recognition of revenue in its Government Solutions segment. There was no cumulative impact of adoption related to the Commercial Services segment. The comparative information was not restated and continues to be presented under ASC 605 for those periods. There was no material impact upon adoption related to the costs of obtaining or fulfilling a contract. Nature of goods and services The following is a description of principal activities – separated by reportable segments – from which the Company generates revenue: a) Commercial Services segment: The Commercial Services segment 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. The Company determined its performance obligation is a distinct stand-ready obligation, as there is an unspecified quantity of services provided that does not diminish, and the customer is being charged only when it uses the Company’s services, such as toll payment, title and registration, etc. Therefore, all services provided within the Commercial Services segment are accounted for as a single performance obligation, of a series of distinct items, with distinct time increments, as a stand-ready obligation. Payment terms for contracts with commercial fleet and rental car companies vary, but are usually billed as services are performed. Revenue from services provided in the Commercial Services segment is recognized over time as the customer simultaneously receives and consumes the benefits provided by the Company and as the Company performs the services. b) Government Solutions segment: The Government Solutions segment principally generates revenue from providing complete, end-to-end red-light, speed, school bus stop arm, and bus lane enforcement solutions. Products, when sold, are typically sold together with the services in a bundle. The average initial term of a contract is 3 to 5 years. Payment terms for contracts with government agencies vary depending on whether the consideration is fixed or variable. Payment terms for contracts with fixed consideration are usually based on equal installments over the duration of the contract. Payment terms for contracts with variable consideration are usually billed and collected as citations are issued or paid. For bundled packages, the Company accounts for individual products and services separately if they are distinct – i.e., if a product or service is separately identifiable from other items in the bundle and if a customer can benefit from it as a stand-alone item. The consideration is allocated between separate products and services in a bundle based on their stand-alone selling prices (“ SSP • Product sales (sale of camera and installation) – The Company recognizes revenue when the installation process is completed and the camera is ready to perform the services as expected by the customer. Generally, it occurs at site acceptance or first citation. The Company recognizes revenue for the sale of the camera and installation services at a point in time. • Service revenue – The Company determined its performance obligation is to provide a complete end-to-end safety and enforcement solution. Promises include providing a system to capture images, processing images taken by the camera, forwarding eligible images to the local police department and processing payments on behalf of the municipality. The Company determined that certain of the promises to its customers are capable of being distinct, as they may provide some measure of benefit to the customer either on their own or together with other resources that are readily available to the customer. However, the Company determined that the promises to its customers do not meet the criterion of being distinct within the context of its contracts. The Company would not be able to fulfill its promises individually, as its customers could not obtain the intended benefit from the contract without the Company fulfilling all promises. Accordingly, the Company concluded that each contract represents one service offering and is a single performance obligation to our customer. Further, the Company accounts for all the services as a single continuous service. The Company applies the series guidance for those services as the nature of the service is to provide a service for a period of time with distinct time increments. The Company recognizes revenue from services over time, as they are performed. Remaining Performance Obligations As of September 30, 2019, the Company had approximately $0.2 million of remaining performance obligations in the Government Solutions segment, which include amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under ASC 606 as of September 30, 2019. As these amounts relate to the initial deferral of revenue under a contract, the Company expects to recognize these amounts over a two month period at the end of the contract. The Company applies the practical expedient in paragraph 606-10-50-14A of ASC 606 and does not disclose variable consideration allocated entirely to wholly unsatisfied stand-ready performance obligations for certain Government Solutions and Commercial Services contracts as part of the information about remaining performance obligations. The duration for these contracts ranges between 3 and 5 years for new contracts. Significant Judgments Under the new revenue standard, significant judgments are required in order to identify contracts with customers and estimate transaction prices. Additional judgments are required for the identification of distinct performance obligations, the estimation of standalone selling prices and the allocation of the transaction price by relative standalone selling prices. Assumptions regarding timing of when control transfers to the customer requires significant judgment in order to recognize revenue. The Company makes significant judgments related to identifying the performance obligation and determining whether the services provided are able to be distinct, determining the transaction price, specifically as it is related to the different variable consideration structures identified in the Company’s contracts, and in determining the timing of revenue recognition. Accounting Standards Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350) In June 2018, the FASB issued ASU 2018-07, Compensation—Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting In August 2018, the FASB issued ASU 2018-13, (Topic 820) Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement

Significant Accounting Princi_3

Significant Accounting Principles and Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents and Restricted Cash	The following table provides a reconciliation of Cash and cash equivalents and Restricted cash reported within the Condensed Consolidated Balance Sheets as of September 30, 2019 and 2018, respectively, that sums to the total of such amounts in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30 ($ in thousands) September 30, 2019 September 30, 2018 Cash and cash equivalents $ 135,564 $ 51,948 Restricted cash 2,156 1,728 Cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows $ 137,720 $ 53,676

Merger and Acquisition (Tables)

Merger and Acquisition (Tables)	9 Months Ended
	Sep. 30, 2019
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. Nine Months Ended ($ in thousands) September 30, 2018 Revenue $ 294,262 Income from operations 50,922 Net income before income tax 14,357 Net income 8,715 Earnings per share - basic $ 0.13
HTA Merger
Summary of Final Allocation of Purchase Consideration	The final allocation of the purchase consideration is summarized as follows: ($ in thousands) Assets acquired Cash $ 2,996 Accounts receivable 10,220 Prepaid expense and other current assets 5,266 Installation and service parts 296 Property and equipment 996 Customer relationships 242,500 Developed technology 72,800 Non-compete agreements 48,500 Trademark 5,500 Goodwill 233,271 Total assets acquired 622,345 Liabilities assumed Accounts payable and accrued expenses 14,268 Deferred tax liability 4,733 Total liabilities assumed 19,001 Total purchase price $ 603,344
EPC Merger
Summary of Final Allocation of Purchase Consideration	The final allocation of the purchase consideration is summarized as follows: ($ in thousands) Assets acquired Cash $ 9,029 Other assets 1,948 Trademark 1,100 Customer relationships 19,400 Developed technology 3,900 Goodwill 40,826 Total assets acquired 76,203 Liabilities assumed Accounts payable and accrued expenses 8,995 Deferred tax liability 4,273 Total liabilities assumed 13,268 Total purchase price $ 62,935

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2019
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: ($ in thousands) September 30, 2019 December 31, 2018 Prepaid tolls $ 10,609 $ 8,434 Prepaid services 4,710 3,017 Prepaid income taxes 5,608 1,562 Prepaid computer maintenance 2,679 1,709 Deposits 1,699 839 Prepaid insurance 583 1,230 Prepaid rent 535 406 Other 200 403 Total prepaid expenses and other current assets $ 26,623 $ 17,600

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
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: Commercial Government ($ in thousands) Services Solutions Total Balance at December 31, 2018 $ 404,977 $ 159,746 $ 564,723 Foreign currency translation adjustment (1,271 ) — (1,271 ) Balance at September 30, 2019 $ 403,706 $ 159,746 $ 563,452
Schedule of Intangible Assets of Respective Period Ends	Intangible assets consist of the following as of the respective period-ends: September 30, 2019 December 31, 2018 Weighted Weighted Average Gross Average Gross Remaining Carrying Accumulated Remaining Carrying Accumulated ($ in thousands) Useful Life Amount Amortization Useful Life Amount Amortization Trademarks 1.8 years $ 31,265 $ 16,518 2.7 years $ 31,302 $ 8,902 Non-compete agreements 3.3 years 62,100 21,705 4.0 years 62,100 12,390 Customer relationships 7.1 years 359,132 72,450 7.9 years 359,768 42,201 Developed technology 3.5 years 160,724 58,042 4.3 years 160,852 35,987 Gross carrying value of intangible assets 613,221 $ 168,715 614,022 $ 99,480 Less: accumulated amortization (168,715 ) (99,480 ) Intangible assets, net $ 444,506 $ 514,542
Estimated Amortization Expense in Future Years	Estimated amortization expense in future years is expected to be: ($ in thousands) Remainder of 2019 $ 23,022 2020 92,088 2021 83,797 2022 79,090 2023 50,691 2024 40,203 Thereafter 75,615 Total $ 444,506

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Payables And Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following at: ($ in thousands) September 30, 2019 December 31, 2018 Accrued salaries and wages $ 9,749 $ 8,340 Gores equity infusion working capital adjustment payable to related party 7,001 — Restricted cash due to customers 2,156 2,033 Current portion of related party TRA liability 914 — Accrued self-insurance liability 798 423 Accrued sales commissions 599 463 Advanced deposits payable 375 805 Deferred rent 371 523 Income taxes payable 359 862 Accrued interest payable 216 232 Other 1,482 763 Total accrued liabilities $ 24,020 $ 14,444

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
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: ($ in thousands) September 30, 2019 December 31, 2018 New First Lien Term Loan, due February 28, 2025 $ 896,697 $ 903,524 Less: original issue discounts (5,026 ) (5,819 ) Less: unamortized deferred financing costs (24,378 ) (28,352 ) Total debt 867,293 869,353 Less: Current portion of long-term debt (9,104 ) (9,104 ) Total long-term debt, net of current portion $ 858,189 $ 860,249
Schedule of Consolidated First Lien Net Leverage Ratio and Applicable Prepayment Percentage	In addition, the New First Lien Term Loan contains provisions that require mandatory prepayments of excess cash flow (as defined by the New First Lien Term Loan agreement) to be made as of the last day of the fiscal year, beginning with fiscal year ending December 31, 2019, in an amount equal to the percentages set forth in the following table: Consolidated first lien net leverage ratio (as defined by the New First Lien Term Loan agreement) Applicable prepayment percentage > 3.70:1.00 50% < 25% < 0%

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Carrying Value and Fair Value of Debt	The carrying value and fair value of our debt is as follows: Level in September 30, 2019 December 31, 2018 Fair Value Carrying Estimated Carrying Estimated ($ in thousands) Hierarchy Amount Fair Value Amount Fair Value Total debt 2 $ 867,293 $ 902,301 $ 869,353 $ 889,971

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
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: Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2019 2018 2019 2018 Numerator: Net income (loss) $ 17,752 $ 6,513 $ 24,163 $ (20,440 ) Denominator: Weighted average shares - basic 158,610 72,904 157,514 69,334 Common stock equivalents 5,095 — 3,209 — Weighted average shares - diluted 163,705 72,904 160,723 69,334 Net income (loss) per common share - basic $ 0.11 $ 0.09 $ 0.15 $ (0.29 ) Net income (loss) per common share - diluted $ 0.11 $ 0.09 $ 0.15 $ (0.29 ) Antidilutive weighted average shares excluded from diluted net income (loss) per share: Contingently issuable shares (1) 7,500 — 8,571 — Warrants — 20,000 6,667 20,000 Restricted stock units — — 29 — Total antidilutive shares excluded 7,500 20,000 15,267 20,000 (1) Related Party Transactions

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Components of Stock Based Compensation	The following details the components of stock-based compensation for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, ($ in thousands) 2019 2018 2019 2018 Operating expenses $ 138 $ — $ 614 $ — Selling, general and administrative expenses 2,333 — 6,812 — Total stock-based compensation expense $ 2,471 $ — $ 7,426 $ —

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Financial Information by Segment	The following tables set forth financial information by segment for the respective periods: For the Three Months Ended September 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 77,633 $ 33,124 $ — $ 110,757 Product sales — 17,483 — 17,483 Total revenue 77,633 50,607 — 128,240 Cost of service revenue 1,064 324 — 1,388 Cost of product sales — 7,238 — 7,238 Operating expenses 17,777 15,050 — 32,827 Selling, general and administrative expenses 10,407 8,266 287 18,960 Other income, net (2,672 ) (55 ) — (2,727 ) Segment profit (loss) $ 51,057 $ 19,784 $ (287 ) $ 70,554 Segment profit (loss) $ 51,057 $ 19,784 $ (287 ) $ 70,554 Depreciation and amortization — — 28,697 28,697 Stock-based compensation — — 2,471 2,471 Interest expense, net — — 14,932 14,932 Income (loss) before income tax provision $ 51,057 $ 19,784 $ (46,387 ) $ 24,454 For the Three Months Ended September 30, 2018 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 71,971 $ 33,232 $ — $ 105,203 Product sales — 2,399 — 2,399 Total revenue 71,971 35,631 — 107,602 Cost of service revenue 1,087 648 — 1,735 Cost of product sales — 1,375 — 1,375 Operating expenses 13,969 13,851 — 27,820 Selling, general and administrative expenses 10,440 7,241 4,006 21,687 Other (income) expense, net (2,943 ) (26 ) 27 (2,942 ) Segment profit (loss) $ 49,418 $ 12,542 $ (4,033 ) $ 57,927 Segment profit (loss) $ 49,418 $ 12,542 $ (4,033 ) $ 57,927 Depreciation and amortization — — 28,792 28,792 Gain on disposal of assets, net — — (2 ) (2 ) Interest expense — — 20,312 20,312 Income (loss) before income tax provision $ 49,418 $ 12,542 $ (53,135 ) $ 8,825 For the Nine Months Ended September 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 208,312 $ 103,572 $ — $ 311,884 Product sales — 24,392 — 24,392 Total revenue 208,312 127,964 — 336,276 Cost of service revenue 2,843 1,547 — 4,390 Cost of product sales — 10,432 — 10,432 Operating expenses 49,595 43,889 — 93,484 Selling, general and administrative expenses 30,798 23,677 1,422 55,897 Other income, net (8,150 ) (129 ) — (8,279 ) Segment profit (loss) $ 133,226 $ 48,548 $ (1,422 ) $ 180,352 Segment profit (loss) $ 133,226 $ 48,548 $ (1,422 ) $ 180,352 Depreciation and amortization — — 86,501 86,501 Gain on disposal of assets, net — (13 ) — (13 ) Impairment of property and equipment — 5,898 — 5,898 Stock-based compensation — — 7,426 7,426 Interest expense, net — — 46,621 46,621 Income (loss) before income tax provision $ 133,226 $ 42,663 $ (141,970 ) $ 33,919 For the Nine Months Ended September 30, 2018 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 164,189 $ 107,064 $ — $ 271,253 Product sales — 3,787 — 3,787 Total revenue 164,189 110,851 — 275,040 Cost of service revenue 2,054 2,163 — 4,217 Cost of product sales — 2,425 — 2,425 Operating expenses 37,599 42,702 — 80,301 Selling, general and administrative expenses 42,992 20,586 18,973 82,551 Other income, net (6,912 ) (89 ) — (7,001 ) Segment profit (loss) $ 88,456 $ 43,064 $ (18,973 ) $ 112,547 Segment profit (loss) $ 88,456 $ 43,064 $ (18,973 ) $ 112,547 Depreciation and amortization — — 74,839 74,839 Gain on disposal of assets, net — — (9 ) (9 ) Interest expense — — 52,538 52,538 Loss on extinguishment of debt — — 10,151 10,151 Income (loss) before income tax (benefit) $ 88,456 $ 43,064 $ (156,492 ) $ (24,972 )

Guarantor_Non-Guarantor Finan_2

Guarantor/Non-Guarantor Financial Information (Tables)	9 Months Ended
	Sep. 30, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Summary of Condensed Consolidated Balance Sheets	Verra Mobility Corporation and Subsidiaries Condensed Consolidated Balance Sheets At September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 135,564 $ — $ 135,564 Restricted cash — 2,156 — 2,156 Accounts receivable, net — 108,682 — 108,682 Unbilled receivables — 15,073 — 15,073 Investment in subsidiary 165,333 — (165,333 ) — Prepaid expenses and other current assets — 26,623 — 26,623 Total current assets 165,333 288,098 (165,333 ) 288,098 Installation and service parts, net — 7,936 — 7,936 Property and equipment, net — 69,481 — 69,481 Intangible assets, net — 444,506 — 444,506 Goodwill — 563,452 — 563,452 Due from affiliates 169,259 — (169,259 ) — Other non-current assets — 2,386 — 2,386 Total assets $ 334,592 $ 1,375,859 $ (334,592 ) $ 1,375,859 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 57,194 $ — $ 57,194 Accrued liabilities 7,001 17,019 — 24,020 Current portion of long-term debt — 9,104 — 9,104 Total current liabilities 7,001 83,317 — 90,318 Long-term debt, net of current portion and deferred financing costs — 858,189 — 858,189 Other long-term liabilities — 2,872 — 2,872 Payable related to tax receivable agreement — 66,097 — 66,097 Due to affiliates — 169,259 (169,259 ) — Asset retirement obligation — 6,740 — 6,740 Deferred tax liabilities — 24,052 — 24,052 Total liabilities 7,001 1,210,526 (169,259 ) 1,048,268 Total stockholders' equity 327,591 165,333 (165,333 ) 327,591 Total liabilities and stockholders' equity $ 334,592 $ 1,375,859 $ (334,592 ) $ 1,375,859
Summary of Condensed Consolidated Statements of Operations and Comprehensive Income	Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income Three Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Service revenue $ — $ 110,757 $ — $ 110,757 Product sales — 17,483 — 17,483 Total revenue — 128,240 — 128,240 Cost of service revenue — 1,388 — 1,388 Cost of product sales — 7,238 — 7,238 Operating expenses — 32,965 — 32,965 Selling, general and administrative expenses — 21,293 — 21,293 Depreciation, amortization and (gain) loss on disposal of assets, net — 28,697 — 28,697 Total costs and expenses — 91,581 — 91,581 Income from operations — 36,659 — 36,659 (Income) from equity investment (17,752 ) — 17,752 — Interest expense, net — 14,932 — 14,932 Other income, net — (2,727 ) — (2,727 ) Total other expenses (income) (17,752 ) 12,205 17,752 12,205 Income before income tax provision 17,752 24,454 (17,752 ) 24,454 Income tax provision — 6,702 — 6,702 Net income $ 17,752 $ 17,752 $ (17,752 ) $ 17,752 Other comprehensive income: Foreign currency translation adjustment — (1,664 ) — (1,664 ) Total comprehensive income $ 17,752 $ 16,088 $ (17,752 ) $ 16,088 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income Nine Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Service revenue $ — $ 311,884 $ — $ 311,884 Product sales — 24,392 — 24,392 Total revenue — 336,276 — 336,276 Cost of service revenue — 4,390 — 4,390 Cost of product sales — 10,432 — 10,432 Operating expenses — 94,098 — 94,098 Selling, general and administrative expenses — 62,709 — 62,709 Depreciation, amortization and (gain) loss on disposal of assets, net — 86,488 — 86,488 Impairment of property and equipment — 5,898 — 5,898 Total costs and expenses — 264,015 — 264,015 Income from operations — 72,261 — 72,261 (Income) from equity investment (24,163 ) — 24,163 — Interest expense, net — 46,621 — 46,621 Other income, net — (8,279 ) — (8,279 ) Total other expenses (income) (24,163 ) 38,342 24,163 38,342 Income before income tax provision 24,163 33,919 (24,163 ) 33,919 Income tax provision — 9,756 — 9,756 Net income $ 24,163 $ 24,163 $ (24,163 ) $ 24,163 Other comprehensive income: Foreign currency translation adjustment — (1,736 ) — (1,736 ) Total comprehensive income $ 24,163 $ 22,427 $ (24,163 ) $ 22,427
Summary of Condensed Consolidated Statements of Cash Flows	Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows Nine Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor ($ in thousands) (Ultimate Parent) Subsidiary) Eliminations Consolidated Cash Flows from Operating Activities: Net income $ 24,163 $ 24,163 $ (24,163 ) $ 24,163 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization — 86,501 — 86,501 Amortization of deferred financing costs and discounts — 5,066 — 5,066 Impairment of property and equipment — 5,898 — 5,898 Bad debt expense — 5,347 — 5,347 Deferred income taxes — (9,426 ) — (9,426 ) Stock-based compensation — 7,426 — 7,426 Installation and service parts expense — 1,055 — 1,055 Accretion expense — 269 — 269 Write-downs of installation and service parts and (gain) on disposal of assets — (13 ) — (13 ) (Income) loss from equity investment (24,163 ) — 24,163 — Changes in operating assets and liabilities: Accounts receivable, net — (26,353 ) — (26,353 ) Unbilled receivables — (2,117 ) — (2,117 ) Prepaid expenses and other current assets — (8,971 ) — (8,971 ) Other assets — (541 ) — (541 ) Accounts payable and accrued liabilities — 12,258 — 12,258 Due to affiliates — — — — Other liabilities — (4,976 ) — (4,976 ) Net cash provided by operating activities — 95,586 — 95,586 Cash Flows from Investing Activities: Purchases of installation and service parts and property and equipment — (17,492 ) — (17,492 ) Cash proceeds from the sale of assets — 14 — 14 Net cash used in investing activities — (17,478 ) — (17,478 ) Cash Flows from Financing Activities: Repayment of long-term debt — (6,827 ) — (6,827 ) Payment of debt issuance costs — (299 ) — (299 ) Net cash used in financing activities — (7,126 ) — (7,126 ) Effect of exchange rate changes on cash and cash equivalents — (343 ) — (343 ) Net increase in cash, cash equivalents and restricted cash — 70,639 — 70,639 Cash, cash equivalents and restricted cash - beginning of period — 67,081 — 67,081 Cash, cash equivalents and restricted cash - end of period $ — $ 137,720 $ — $ 137,720 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows (Continued) Nine Months Ended September 30, 2019 (Unaudited) VM Verra Mobility Consolidated Inc. Corporation (Guarantor (Ultimate Parent) Subsidiary) Eliminations Consolidated Supplemental cash flow information: Interest paid $ — $ 42,308 $ — $ 42,308 Income taxes paid, net — 23,870 — 23,870 Supplemental non-cash investing and financing activities: Reduction to tax receivable agreement liability 2,940 — — 2,940 Gores equity infusion working capital adjustment payable to related party 7,001 — — 7,001 Earn-out shares issued to Platinum Stockholder 18,288 — — 18,288 Additions to ARO, property and equipment, and other — 175 — 175 Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end — 8,399 — 8,399

Basis of Presentation and Des_2

Basis of Presentation and Description of Business - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019Segment
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of operating segments	2

Significant Accounting Princi_4

Significant Accounting Principles and Policies - Schedule of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 135,564	$ 65,048	$ 51,948
Restricted cash	2,156	$ 2,033	1,728
Cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows	$ 137,720		$ 53,676

Significant Accounting Princi_5

Significant Accounting Principles and Policies - Additional Information (Details) - USD ($) $ in Millions	Jan. 01, 2019	Sep. 30, 2019
Minimum
Summary Of Significant Accounting Principles And Policies [Line Items]
Revenue remaining performance obligation contract period		3 years
Maximum
Summary Of Significant Accounting Principles And Policies [Line Items]
Revenue remaining performance obligation contract period		5 years
Accounting Standards Update 2014-09
Summary Of Significant Accounting Principles And Policies [Line Items]
Adjustment to reduce retained earnings	$ (0.3)
Accounting Standards Update 2014-09 | Minimum
Summary Of Significant Accounting Principles And Policies [Line Items]
Average initial term of a contract		3 years
Accounting Standards Update 2014-09 | Maximum
Summary Of Significant Accounting Principles And Policies [Line Items]
Average initial term of a contract		5 years

Significant Accounting Princi_6

Significant Accounting Principles and Policies - Additional Information (Details1) - Accounting Standards Update 2014-09 - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-10-01 $ in Millions	Sep. 30, 2019USD ($)
Summary Of Significant Accounting Principles And Policies [Line Items]
Remaining performance obligations	$ 0.2
Revenue recognition period	2 months

Merger and Acquisition - Additi

Merger and Acquisition - Additional Information (Details) - USD ($) $ in Thousands	Apr. 06, 2018	Mar. 01, 2018	May 31, 2017	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Business Acquisition [Line Items]
Payable to related party for the recapitalization related to the working capital adjustment				$ 7,001		$ 7,001
Decrease to the additional paid-in capital account				(796)	$ (6,205)
ATS Merger
Business Acquisition [Line Items]
Purchase price before adjustments			$ 550,000
Purchase price			548,200
Costs recognized related to merger			9,900
ATS Merger | Acquisition Advisory Services
Business Acquisition [Line Items]
Costs recognized related to merger			8,000
ATS Merger | Professional Fees And Other Expenses
Business Acquisition [Line Items]
Costs recognized related to merger			$ 1,900
HTA Merger
Business Acquisition [Line Items]
Purchase price		$ 603,300
Cash purchase price		525,000
Business combination adjustments		9,700
Payable to sellers for certain tax items		$ 11,300
Shares issued in acquisition		5.26
Shares issued in acquisition, fair value		$ 57,300
Enterprise value		2,100,000
Value of debt deducted		1,000,000
Equity value		1,100,000
Immaterial adjustments to the preliminary purchase price allocation resulting in net reduction to goodwill		$ (1,200)
HTA Merger | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Costs recognized related to the merger							$ 15,600
HTA Merger | Acquisition Advisory Services
Business Acquisition [Line Items]
Costs recognized related to the merger							7,200
HTA Merger | Professional Fees And Other Expenses
Business Acquisition [Line Items]
Costs recognized related to the merger							8,400
HTA Merger | Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets useful life		9 years
HTA Merger | Developed Technology
Business Acquisition [Line Items]
Identifiable intangible assets useful life		5 years 6 months
HTA Merger | Non-compete Agreements
Business Acquisition [Line Items]
Identifiable intangible assets useful life		5 years
HTA Merger | Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets useful life		3 years
EPC Merger
Business Acquisition [Line Items]
Purchase price	$ 62,900
Business combination adjustments	$ 2,600
Shares issued in acquisition	5.54
Enterprise value	$ 2,100,000
Value of debt deducted	1,000,000
Equity value	$ 1,100,000
Costs recognized related to the merger							3,000
EPC Merger | Acquisition Advisory Services
Business Acquisition [Line Items]
Costs recognized related to the merger							2,500
EPC Merger | Professional Fees And Other Expenses
Business Acquisition [Line Items]
Costs recognized related to the merger							$ 500
EPC Merger | Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets useful life	10 years
EPC Merger | Developed Technology
Business Acquisition [Line Items]
Identifiable intangible assets useful life	4 years 6 months
EPC Merger | Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets useful life	5 years
Platinum
Business Acquisition [Line Items]
Payable to related party for the recapitalization related to the working capital adjustment				$ 7,000		7,000
Decrease to the additional paid-in capital account						(7,000)
Increase in accrued liabilities						$ 7,000

Merger and Acquisition - Summar

Merger and Acquisition - Summary of Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Apr. 06, 2018	Mar. 01, 2018
Assets acquired
Goodwill	$ 563,452	$ 564,723
HTA Merger
Assets acquired
Cash				$ 2,996
Accounts receivable				10,220
Prepaid expense and other current assets				5,266
Installation and service parts				296
Property and equipment				996
Goodwill				233,271
Total assets acquired				622,345
Liabilities assumed
Accounts payable and accrued expenses				14,268
Deferred tax liability				4,733
Total liabilities assumed				19,001
Total purchase price				603,344
EPC Merger
Assets acquired
Cash			$ 9,029
Other assets			1,948
Goodwill			40,826
Total assets acquired			76,203
Liabilities assumed
Accounts payable and accrued expenses			8,995
Deferred tax liability			4,273
Total liabilities assumed			13,268
Total purchase price			62,935
Customer Relationships | HTA Merger
Assets acquired
Intangible assets				242,500
Customer Relationships | EPC Merger
Assets acquired
Intangible assets			19,400
Developed Technology | HTA Merger
Assets acquired
Intangible assets				72,800
Developed Technology | EPC Merger
Assets acquired
Intangible assets			3,900
Non-compete Agreements | HTA Merger
Assets acquired
Intangible assets				48,500
Trademarks | HTA Merger
Assets acquired
Intangible assets				$ 5,500
Trademarks | EPC Merger
Assets acquired
Intangible assets			$ 1,100

Merger and Acquisition - Summ_2

Merger and Acquisition - Summary of Pro Forma Financial Information (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)$ / shares
Business Acquisition Pro Forma Information [Abstract]
Revenue	$ 294,262
Income from operations	50,922
Net income before income tax	14,357
Net income	$ 8,715
Earnings per share - basic | $ / shares	$ 0.13

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Prepaid Expense And Other Assets Current [Abstract]
Prepaid tolls	$ 10,609	$ 8,434
Prepaid services	4,710	3,017
Prepaid income taxes	5,608	1,562
Prepaid computer maintenance	2,679	1,709
Deposits	1,699	839
Prepaid insurance	583	1,230
Prepaid rent	535	406
Other	200	403
Total prepaid expenses and other current assets	$ 26,623	$ 17,600

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill by Reportable Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill [Line Items]
Balance	$ 564,723
Foreign currency translation adjustment	(1,271)
Balance	563,452
Commercial Services
Goodwill [Line Items]
Balance	404,977
Foreign currency translation adjustment	(1,271)
Balance	403,706
Government Solutions
Goodwill [Line Items]
Balance	159,746
Balance	$ 159,746

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Separately Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 613,221	$ 614,022
Accumulated Amortization	168,715	99,480
Less: accumulated amortization	(168,715)	(99,480)
Intangible assets, net	$ 444,506	$ 514,542
Trademarks
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	1 year 9 months 18 days	2 years 8 months 12 days
Gross Carrying Amount	$ 31,265	$ 31,302
Accumulated Amortization	16,518	8,902
Less: accumulated amortization	$ (16,518)	$ (8,902)
Non-compete Agreements
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	3 years 3 months 18 days	4 years
Gross Carrying Amount	$ 62,100	$ 62,100
Accumulated Amortization	21,705	12,390
Less: accumulated amortization	$ (21,705)	$ (12,390)
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	7 years 1 month 6 days	7 years 10 months 24 days
Gross Carrying Amount	$ 359,132	$ 359,768
Accumulated Amortization	72,450	42,201
Less: accumulated amortization	$ (72,450)	$ (42,201)
Developed Technology
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	3 years 6 months	4 years 3 months 18 days
Gross Carrying Amount	$ 160,724	$ 160,852
Accumulated Amortization	58,042	35,987
Less: accumulated amortization	$ (58,042)	$ (35,987)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 23.1	$ 23.1	$ 69.4	$ 57.7

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Amortization Expense in Future Years (Details) $ in Thousands	Sep. 30, 2019USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2019	$ 23,022
2020	92,088
2021	83,797
2022	79,090
2023	50,691
2024	40,203
Thereafter	75,615
Total	$ 444,506

Impairment of Property and Eq_2

Impairment of Property and Equipment - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Asset Impairment Charges [Abstract]
Impairment of property and equipment	$ 5,898

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Payables And Accruals [Abstract]
Accrued salaries and wages	$ 9,749	$ 8,340
Gores equity infusion working capital adjustment payable to related party	7,001
Restricted cash due to customers	2,156	2,033
Current portion of related party TRA liability	914
Accrued self-insurance liability	798	423
Accrued sales commissions	599	463
Advanced deposits payable	375	805
Deferred rent	371	523
Income taxes payable	359	862
Accrued interest payable	216	232
Other	1,482	763
Total accrued liabilities	$ 24,020	$ 14,444

Debt - Summary of the Company's

Debt - Summary of the Company's Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
New First Lien Term Loan, due February 28, 2025	$ 896,697	$ 903,524
Less: original issue discounts	(5,026)	(5,819)
Less: unamortized deferred financing costs	(24,378)	(28,352)
Total debt	867,293	869,353
Less: Current portion of long-term debt	(9,104)	(9,104)
Total long-term debt, net of current portion	$ 858,189	$ 860,249

Debt - Summary of the Company_2

Debt - Summary of the Company's Long-Term Debt (Parenthetical) (Details)	9 Months Ended
	Sep. 30, 2019
First Lien Term Loan, Due February 28, 2025
Debt Instrument [Line Items]
Debt instrument, maturity date	Feb. 28, 2025

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	Oct. 17, 2018	Mar. 01, 2018	May 31, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jul. 31, 2018
Debt Instrument [Line Items]
Aggregate revolving commitment						$ 100,000
Additional repayments of long term debt						$ 6,827,000	$ 452,575,000
Debt instrument, interest rate during the period						0.375%
Outstanding letters of credit				$ 100,000		$ 100,000
Debt Instrument, interest rate						1.38%
Debt instrument charge							10,151,000
Debt instrument prepayment penalty							8,187,000
Write off of preexisting deferred financing costs							2,000,000
Third party costs associated with issuance							4,400,000
Interest expense including amortization of deferred financing costs and discounts				$ 14,932,000	$ 20,312,000	$ 46,621,000	52,538,000
Weighted average effective interest rates				5.79%		5.79%
Old Term Loans
Debt Instrument [Line Items]
Debt instrument prepayment penalty							$ 3,800,000
New First Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, interest rate during the period						1.00%
Debt instrument, maturity date						Feb. 28, 2025
Debt instrument interest rate				5.79%		5.79%
New First Lien Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument interest rate per annum						3.75%
New First Lien Term Loan | Base Rate
Debt Instrument [Line Items]
Debt instrument interest rate per annum						2.75%
New Revolver
Debt Instrument [Line Items]
Outstanding borrowings				$ 0		$ 0
Debt instrument borrow under new revolver				74,900,000		74,900,000
Outstanding letters of credit				$ 100,000		$ 100,000
New Revolver | LIBOR 1.25%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						1.25%
New Revolver | LIBOR 1.50%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						1.50%
New Revolver | LIBOR 1.75%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						1.75%
New Revolver | Base Rate 0.25%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						0.25%
New Revolver | Base Rate 0.50%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						0.50%
New Revolver | Base Rate 0.75%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						0.75%
2017 Credit Facilities
Debt Instrument [Line Items]
Outstanding borrowings			$ 490,000,000
Debt instrument, aggregate principal amount			450,000,000
Aggregate revolving commitment			$ 40,000,000
2018 Credit Facilities
Debt Instrument [Line Items]
Outstanding borrowings		$ 1,115,000,000
Debt instrument, aggregate principal amount		1,040,000,000
Aggregate revolving commitment		75,000,000
2018 Credit Facilities | Old Term Loans
Debt Instrument [Line Items]
Outstanding credit line		323,400,000
2018 Credit Facilities | Old Revolver
Debt Instrument [Line Items]
Outstanding credit line		$ 125,000,000
2018 Credit Facilities | New First Lien Term Loan
Debt Instrument [Line Items]
Consent fee								$ 400,000
2018 Credit Facilities | New First Lien Term Loan | Minimum
Debt Instrument [Line Items]
Debt instrument, face amount								840,000,000
2018 Credit Facilities | New First Lien Term Loan | Maximum
Debt Instrument [Line Items]
Debt instrument, face amount								$ 910,000,000
2018 Credit Facilities | New Second Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000
Additional repayments of long term debt	$ 70,000,000

Debt - Schedule of Consolidated

Debt - Schedule of Consolidated First Lien Net Leverage Ratio and Applicable Prepayment Percentage (Details) - New First Lien Term Loan	9 Months Ended
	Sep. 30, 2019
> 3.70:1.00
Debt Instrument [Line Items]
Applicable prepayment percentage	50.00%
≤ 3.70:1.00 and > 3.20:1.00
Debt Instrument [Line Items]
Applicable prepayment percentage	25.00%
≤ 3.20:1.00
Debt Instrument [Line Items]
Applicable prepayment percentage	0.00%

Fair Value Measurments - Carryi

Fair Value Measurments - Carrying Value and Fair Value of Debt (Details) - Level 2 - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Carrying Amount
Debt Instrument [Line Items]
Total debt	$ 867,293	$ 869,353
Estimated Fair Value
Debt Instrument [Line Items]
Total debt	$ 902,301	$ 889,971

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of Components of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income (loss)	$ 17,752	$ 3,591	$ 2,820	$ 6,513	$ (4,795)	$ (22,158)	$ 24,163	$ (20,440)
Denominator:
Weighted average shares - basic	158,610,000			72,904,000			157,514,000	69,334,000
Common stock equivalents	5,095,000						3,209,000
Weighted average shares - diluted	163,705,000			72,904,000			160,723,000	69,334,000
Net income (loss) per common share - basic	$ 0.11			$ 0.09			$ 0.15	$ (0.29)
Net income (loss) per common share - diluted	$ 0.11			$ 0.09			$ 0.15	$ (0.29)
Antidilutive weighted average shares excluded from diluted net income (loss) per share:
Total antidilutive shares excluded	7,500			20,000			15,267	20,000
Contingently Issuable Shares
Antidilutive weighted average shares excluded from diluted net income (loss) per share:
Total antidilutive shares excluded	7,500						8,571
Warrants
Antidilutive weighted average shares excluded from diluted net income (loss) per share:
Total antidilutive shares excluded				20,000			6,667	20,000
Restricted Stock Units
Antidilutive weighted average shares excluded from diluted net income (loss) per share:
Total antidilutive shares excluded							29

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax [Line Items]
Effective tax rate	27.40%	26.20%	28.80%	(18.10%)
Unrecognized tax benefits	$ 2		$ 2
Unrecognized tax benefits, if recognized	1.8		1.8
Accrued interest and penalties	$ 0.7		$ 0.7
Earliest | Internal Revenue Service
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2016
Earliest | Certain States
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2015
Earliest | Other States
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2014
Latest | Internal Revenue Service
Income Tax [Line Items]
Income Tax Examination, Year under Examination			2018
Latest | Certain States
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

Stock-Based Compensation - Comp

Stock-Based Compensation - Components of Stock Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 2,471	$ 0	$ 7,426	$ 0
Operating Expenses [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	138		614
Selling, General and Administrative Expenses
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 2,333		$ 6,812

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock compensation amount	$ 2,471	$ 0	$ 7,426	$ 0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details)	Jul. 08, 2019USD ($)$ / sharesshares	Apr. 26, 2019USD ($)$ / sharesshares	Jan. 07, 2019USD ($)	Sep. 30, 2019USD ($)yr$ / sharesshares	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Estimated maximum benefit to be paid to tax receivable agreement				$ 66,097,000		$ 69,996,000
Overallotment Option
Related Party Transaction [Line Items]
Number of additional common stock purchased | shares	2,250,000
Offering price per share | $ / shares	$ 12.50
Proceeds from secondary offering	$ 0
Percentage of common stock share outstanding held	24.60%
Selling, General and Administrative Expenses | Overallotment Option
Related Party Transaction [Line Items]
Expense incurred in secondary offering	$ 1,100,000
Common Class A
Related Party Transaction [Line Items]
Number of common stock sold in secondary offering | shares				15,000,000
Platinum Stockholder
Related Party Transaction [Line Items]
Management fees and related expenses					$ 4,100,000
Business combination date of termination agreement				Oct. 17, 2018
Advisory services fee			$ 0
Platinum Stockholder | Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met | shares		2,500,000
Platinum Stockholder | Common Stock Price Greater than $13.00 | Common Class A
Related Party Transaction [Line Items]
Common stock price | $ / shares		$ 13
Platinum Stockholder | Common Stock Price Greater than $13.00 | Common Stock Including Additional Paid in Capital
Related Party Transaction [Line Items]
Earn-out shares issued value		$ 18,300,000
Platinum Stockholder | Common Stock Price Greater than $13.00 | Common Stock Contingent Consideration
Related Party Transaction [Line Items]
Earn-out shares issued value		$ (18,300,000)
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
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
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 | Earn-Out Scenario Five
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met | shares				0
Minimum | Platinum Stockholder | Common Stock Price Greater than $13.00 | Common Class A
Related Party Transaction [Line Items]
Common stock price threshold trading days		10 days
Maximum | Platinum Stockholder | Common Stock Price Greater than $13.00 | Common Class A
Related Party Transaction [Line Items]
Common stock price threshold trading days		20 days
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
Tax receivable agreement, amount payable				$ 67,000,000
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
Verra Mobility Business Combination | Accrued Liabilities
Related Party Transaction [Line Items]
Tax receivable agreement, amount payable				$ 900,000
Verra Mobility Business Combination | Payable Related to Tax Receivable Agreement
Related Party Transaction [Line Items]
Tax receivable agreement, amount payable				$ 66,100,000

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Details) $ in Millions	Sep. 30, 2019USD ($)
Commitments And Contingencies Disclosure [Abstract]
Letters of Credit Outstanding	$ 0.1
Non-cancelable purchase commitments outstanding	$ 16.5

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	9 Months Ended
	Sep. 30, 2019Segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2

Segment Reporting - Financial I

Segment Reporting - Financial Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 128,240	$ 107,602	$ 336,276	$ 275,040
Operating expenses	32,827	27,820	93,484	80,301
Selling, general and administrative expenses	18,960	21,687	55,897	82,551
Other (income) expense, net	(2,727)	(2,942)	(8,279)	(7,001)
Segment profit (loss)	36,659	26,195	72,261	30,716
Depreciation and amortization	28,697	28,792	86,501	74,839
Gain on disposal of assets, net		(2)	(13)	(9)
Impairment of property and equipment			5,898
Stock-based compensation	2,471		7,426
Interest expense, net	14,932	20,312	46,621	52,538
Loss on extinguishment of debt				10,151
Income (loss) before income tax (benefit) provision	24,454	8,825	33,919	(24,972)
Service Revenue
Segment Reporting Information [Line Items]
Total revenue	110,757	105,203	311,884	271,253
Cost of revenue	1,388	1,735	4,390	4,217
Product Sales
Segment Reporting Information [Line Items]
Total revenue	17,483	2,399	24,392	3,787
Cost of revenue	7,238	1,375	10,432	2,425
Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	70,554	57,927	180,352	112,547
Operating Segments | Commercial Services
Segment Reporting Information [Line Items]
Total revenue	77,633	71,971	208,312	164,189
Operating expenses	17,777	13,969	49,595	37,599
Selling, general and administrative expenses	10,407	10,440	30,798	42,992
Other (income) expense, net	(2,672)	(2,943)	(8,150)	(6,912)
Segment profit (loss)	51,057	49,418	133,226	88,456
Income (loss) before income tax (benefit) provision	51,057	49,418	133,226	88,456
Operating Segments | Government Solutions
Segment Reporting Information [Line Items]
Total revenue	50,607	35,631	127,964	110,851
Operating expenses	15,050	13,851	43,889	42,702
Selling, general and administrative expenses	8,266	7,241	23,677	20,586
Other (income) expense, net	(55)	(26)	(129)	(89)
Segment profit (loss)	19,784	12,542	48,548	43,064
Gain on disposal of assets, net			(13)
Impairment of property and equipment			5,898
Income (loss) before income tax (benefit) provision	19,784	12,542	42,663	43,064
Operating Segments | Service Revenue | Commercial Services
Segment Reporting Information [Line Items]
Total revenue	77,633	71,971	208,312	164,189
Cost of revenue	1,064	1,087	2,843	2,054
Operating Segments | Service Revenue | Government Solutions
Segment Reporting Information [Line Items]
Total revenue	33,124	33,232	103,572	107,064
Cost of revenue	324	648	1,547	2,163
Operating Segments | Product Sales | Government Solutions
Segment Reporting Information [Line Items]
Total revenue	17,483	2,399	24,392	3,787
Cost of revenue	7,238	1,375	10,432	2,425
Corporate and Other
Segment Reporting Information [Line Items]
Selling, general and administrative expenses	287	4,006	1,422	18,973
Other (income) expense, net		27
Segment profit (loss)	(287)	(4,033)	(1,422)	(18,973)
Depreciation and amortization	28,697	28,792	86,501	74,839
Gain on disposal of assets, net		(2)		(9)
Stock-based compensation	2,471		7,426
Interest expense, net	14,932	20,312	46,621	52,538
Loss on extinguishment of debt				10,151
Income (loss) before income tax (benefit) provision	$ (46,387)	$ (53,135)	$ (141,970)	$ (156,492)

Guarantor_Non-Guarantor Finan_3

Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 135,564			$ 65,048	$ 51,948
Restricted cash	2,156			2,033	1,728
Accounts receivable, net	108,682			87,511
Unbilled receivables	15,073			12,956
Prepaid expenses and other current assets	26,623			17,600
Total current assets	288,098			185,148
Installation and service parts, net	7,936			9,282
Property and equipment, net	69,481			69,243
Intangible assets, net	444,506			514,542
Goodwill	563,452			564,723
Other non-current assets	2,386			1,845
Total assets	1,375,859			1,344,783
Current liabilities:
Accounts payable	57,194			45,188
Accrued liabilities	24,020			14,444
Current portion of long-term debt	9,104			9,104
Total current liabilities	90,318			68,736
Long-term debt, net of current portion and deferred financing costs	858,189			860,249
Other long-term liabilities	2,872
Payable related to tax receivable agreement	66,097			69,996
Asset retirement obligation	6,740			6,750
Deferred tax liabilities	24,052			33,627
Total liabilities	1,048,268			1,042,727
Total stockholders' equity	327,591	$ 309,828	$ 304,821	302,056	$ 239,940	$ 234,155	$ 182,377	$ 147,264
Total liabilities and stockholders' equity	1,375,859			$ 1,344,783
Verra Mobility Corporation (Ultimate Parent)
Current assets:
Investment in subsidiary	165,333
Total current assets	165,333
Due from affiliates	169,259
Total assets	334,592
Current liabilities:
Accrued liabilities	7,001
Total current liabilities	7,001
Total liabilities	7,001
Total stockholders' equity	327,591
Total liabilities and stockholders' equity	334,592
VM Consolidated Inc. (Guarantor Subsidiary)
Current assets:
Cash and cash equivalents	135,564
Restricted cash	2,156
Accounts receivable, net	108,682
Unbilled receivables	15,073
Prepaid expenses and other current assets	26,623
Total current assets	288,098
Installation and service parts, net	7,936
Property and equipment, net	69,481
Intangible assets, net	444,506
Goodwill	563,452
Other non-current assets	2,386
Total assets	1,375,859
Current liabilities:
Accounts payable	57,194
Accrued liabilities	17,019
Current portion of long-term debt	9,104
Total current liabilities	83,317
Long-term debt, net of current portion and deferred financing costs	858,189
Other long-term liabilities	2,872
Payable related to tax receivable agreement	66,097
Due to affiliates	169,259
Asset retirement obligation	6,740
Deferred tax liabilities	24,052
Total liabilities	1,210,526
Total stockholders' equity	165,333
Total liabilities and stockholders' equity	1,375,859
Eliminations
Current assets:
Investment in subsidiary	(165,333)
Total current assets	(165,333)
Due from affiliates	(169,259)
Total assets	(334,592)
Current liabilities:
Due to affiliates	(169,259)
Total liabilities	(169,259)
Total stockholders' equity	(165,333)
Total liabilities and stockholders' equity	$ (334,592)

Guarantor_Non-Guarantor Finan_4

Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Statements of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Statement Of Income Captions [Line Items]
Total revenue	$ 128,240			$ 107,602			$ 336,276	$ 275,040
Operating expenses	32,965			27,820			94,098	80,301
Selling, general and administrative expenses	21,293			21,687			62,709	82,551
Depreciation, amortization and (gain) loss on disposal of assets, net	28,697			28,790			86,488	74,830
Impairment of property and equipment							5,898
Total costs and expenses	91,581			81,407			264,015	244,324
Income from operations	36,659			26,195			72,261	30,716
Interest expense, net	14,932			20,312			46,621	52,538
Other income, net	(2,727)			(2,942)			(8,279)	(7,001)
Total other expense (income)	12,205			17,370			38,342	55,688
Income (loss) before income tax provision (benefit)	24,454			8,825			33,919	(24,972)
Income tax provision	6,702			2,312			9,756	(4,532)
Net income (loss)	17,752	$ 3,591	$ 2,820	6,513	$ (4,795)	$ (22,158)	24,163	(20,440)
Other comprehensive income (loss):
Foreign currency translation adjustment	(1,664)			(728)			(1,736)	(4,440)
Total comprehensive income (loss)	16,088			5,785			22,427	(24,880)
Verra Mobility Corporation (Ultimate Parent)
Condensed Statement Of Income Captions [Line Items]
(Income) from equity investment	(17,752)						(24,163)
Total other expense (income)	(17,752)						(24,163)
Income (loss) before income tax provision (benefit)	17,752						24,163
Net income (loss)	17,752						24,163
Other comprehensive income (loss):
Total comprehensive income (loss)	17,752						24,163
VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue	128,240						336,276
Operating expenses	32,965						94,098
Selling, general and administrative expenses	21,293						62,709
Depreciation, amortization and (gain) loss on disposal of assets, net	28,697						86,488
Impairment of property and equipment							5,898
Total costs and expenses	91,581						264,015
Income from operations	36,659						72,261
Interest expense, net	14,932						46,621
Other income, net	(2,727)						(8,279)
Total other expense (income)	12,205						38,342
Income (loss) before income tax provision (benefit)	24,454						33,919
Income tax provision	6,702						9,756
Net income (loss)	17,752						24,163
Other comprehensive income (loss):
Foreign currency translation adjustment	(1,664)						(1,736)
Total comprehensive income (loss)	16,088						22,427
Eliminations
Condensed Statement Of Income Captions [Line Items]
(Income) from equity investment	17,752						24,163
Total other expense (income)	17,752						24,163
Income (loss) before income tax provision (benefit)	(17,752)						(24,163)
Net income (loss)	(17,752)						(24,163)
Other comprehensive income (loss):
Total comprehensive income (loss)	(17,752)						(24,163)
Service Revenue
Condensed Statement Of Income Captions [Line Items]
Total revenue	110,757			105,203			311,884	271,253
Cost of revenue	1,388			1,735			4,390	4,217
Service Revenue | VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue	110,757						311,884
Cost of revenue	1,388						4,390
Product Sales
Condensed Statement Of Income Captions [Line Items]
Total revenue	17,483			2,399			24,392	3,787
Cost of revenue	7,238			$ 1,375			10,432	$ 2,425
Product Sales | VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue	17,483						24,392
Cost of revenue	$ 7,238						$ 10,432

Guarantor_Non-Guarantor Finan_5

Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Cash Flows from Operating Activities:
Net income (loss)			$ 24,163	$ (20,440)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	$ 28,697	$ 28,792	86,501	74,839
Amortization of deferred financing costs and discounts			5,066
Impairment of property and equipment			5,898
Bad debt expense			5,347	4,355
Deferred income taxes			(9,426)	(16,514)
Stock-based compensation	2,471		7,426
Installation and service parts expense			1,055	432
Accretion expense			269	292
Write-downs of installation and service parts and (gain) on disposal of assets			(13)	(9)
Changes in operating assets and liabilities:
Accounts receivable, net			(26,353)	(10,703)
Unbilled receivables			(2,117)	(7,744)
Prepaid expenses and other current assets			(8,971)	3,751
Other assets			(541)	(1,305)
Accounts payable and accrued liabilities			12,258	1,651
Other liabilities			(4,976)	365
Net cash provided by operating activities			95,586	46,054
Cash Flows from Investing Activities:
Purchases of installation and service parts and property and equipment			(17,492)	(19,622)
Cash proceeds from the sale of assets			14
Net cash used in investing activities			(17,478)	(544,979)
Cash Flows from Financing Activities:
Repayment of long-term debt			(6,827)	(452,575)
Payment of debt issuance costs			(299)	(30,352)
Net cash (used in) provided by financing activities			(7,126)	542,686
Effect of exchange rate changes on cash and cash equivalents			(343)
Net increase in cash, cash equivalents and restricted cash			70,639	43,167
Cash, cash equivalents and restricted cash - beginning of period			67,081	10,509
Cash, cash equivalents and restricted cash - end of period	137,720	$ 53,676	137,720	53,676
Supplemental cash flow information:
Interest paid			42,308	45,238
Income taxes paid, net			23,870	857
Supplemental non-cash investing and financing activities:
Reduction to tax receivable agreement liability			2,940
Gores equity infusion working capital adjustment payable to related party	7,001		7,001
Earn-out shares issued to Platinum Stockholder			18,288
Additions to ARO, property and equipment, and other			175	188
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end			8,399	$ 3,518
Verra Mobility Corporation (Ultimate Parent)
Cash Flows from Operating Activities:
Net income (loss)			24,163
Adjustments to reconcile net income to net cash provided by operating activities:
(Income) loss from equity investment	(17,752)		(24,163)
Supplemental non-cash investing and financing activities:
Reduction to tax receivable agreement liability			2,940
Gores equity infusion working capital adjustment payable to related party	7,001		7,001
Earn-out shares issued to Platinum Stockholder			18,288
VM Consolidated Inc. (Guarantor Subsidiary)
Cash Flows from Operating Activities:
Net income (loss)			24,163
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			86,501
Amortization of deferred financing costs and discounts			5,066
Impairment of property and equipment			5,898
Bad debt expense			5,347
Deferred income taxes			(9,426)
Stock-based compensation			7,426
Installation and service parts expense			1,055
Accretion expense			269
Write-downs of installation and service parts and (gain) on disposal of assets			(13)
Changes in operating assets and liabilities:
Accounts receivable, net			(26,353)
Unbilled receivables			(2,117)
Prepaid expenses and other current assets			(8,971)
Other assets			(541)
Accounts payable and accrued liabilities			12,258
Other liabilities			(4,976)
Net cash provided by operating activities			95,586
Cash Flows from Investing Activities:
Purchases of installation and service parts and property and equipment			(17,492)
Cash proceeds from the sale of assets			14
Net cash used in investing activities			(17,478)
Cash Flows from Financing Activities:
Repayment of long-term debt			(6,827)
Payment of debt issuance costs			(299)
Net cash (used in) provided by financing activities			(7,126)
Effect of exchange rate changes on cash and cash equivalents			(343)
Net increase in cash, cash equivalents and restricted cash			70,639
Cash, cash equivalents and restricted cash - beginning of period			67,081
Cash, cash equivalents and restricted cash - end of period	137,720		137,720
Supplemental cash flow information:
Interest paid			42,308
Income taxes paid, net			23,870
Supplemental non-cash investing and financing activities:
Additions to ARO, property and equipment, and other			175
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end			8,399
Eliminations
Cash Flows from Operating Activities:
Net income (loss)			(24,163)
Adjustments to reconcile net income to net cash provided by operating activities:
(Income) loss from equity investment	$ 17,752		$ 24,163

Subsequent Event - Additional I

Subsequent Event - Additional Information (Details) $ in Millions	Oct. 31, 2019USD ($)
Pagatelia S.L | Subsequent Event
Subsequent Event [Line Items]
Purchase price	$ 27.9