Verra Mobility (VRRM) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	VERRA MOBILITY CORPORATION
Entity Central Index Key	0001682745
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		161,736,615
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	VRRM
Security Exchange Name	NASDAQ
Entity File Number	001-37979
Entity Incorporation, State or Country Code	DE
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
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 113,239	$ 131,513
Restricted cash	711	917
Accounts receivable (net of allowance for credit loss of $12.9 million at June 30, 2020)	125,252	93,514
Unbilled receivables	12,532	20,003
Prepaid expenses and other current assets	18,964	26,491
Total current assets	270,698	272,438
Installation and service parts, net	8,672	8,841
Property and equipment, net	73,604	72,266
Operating lease assets	30,933	32,177
Intangible assets, net	386,363	434,443
Goodwill	581,615	584,150
Other non-current assets	3,237	3,111
Total assets	1,355,122	1,407,426
Current liabilities:
Accounts payable	36,346	50,825
Accrued liabilities	19,570	25,277
Current portion of long-term debt	9,104	28,779
Total current liabilities	65,020	104,881
Long-term debt, net of current portion and deferred financing costs	834,317	837,686
Operating lease liabilities, net of current portion	29,240	30,130
Payable to related party pursuant to tax receivable agreement	65,620	61,174
Asset retirement obligation	6,237	6,309
Deferred tax liabilities, net	22,691	25,716
Other long-term liabilities	247	2,183
Total liabilities	1,023,372	1,068,079
Commitments and contingencies (Note 15)
Stockholders' equity
Preferred stock, $.0001 par value
Common stock, $.0001 par value	16	16
Common stock contingent consideration	36,575	54,862
Additional paid-in capital	391,240	367,266
Accumulated deficit	(89,629)	(80,220)
Accumulated other comprehensive loss	(6,452)	(2,577)
Total stockholders' equity	331,750	339,347
Total liabilities and stockholders' equity	$ 1,355,122	$ 1,407,426

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for credit loss	$ 12,930	$ 8,456
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 STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Total revenue	$ 79,809		$ 109,575		$ 196,522	$ 208,036
Operating expenses	26,699		31,795		58,958	61,133
Selling, general and administrative expenses	20,821		20,865		46,707	41,416
Depreciation, amortization and (gain) loss on disposal of assets, net	29,166		28,850		58,412	57,791
Impairment of property and equipment			5,898			5,898
Total costs and expenses	86,759		91,939		184,059	172,434
(Loss) income from operations	(6,950)		17,636		12,463	35,602
Interest expense, net	9,539		15,656		21,990	31,689
Loss from tax receivable agreement adjustment	4,446				4,446
Other income, net	(1,523)		(3,345)		(4,448)	(5,552)
Total other expenses	12,462		12,311		21,988	26,137
(Loss) income before income tax (benefit) provision	(19,412)		5,325		(9,525)	9,465
Income tax (benefit) provision	(4,024)		1,734		(810)	3,054
Net (loss) income	(15,388)	$ 6,673	3,591	$ 2,820	(8,715)	6,411
Other comprehensive loss:
Change in foreign currency translation adjustment	(508)		(1,396)		(3,875)	(72)
Total comprehensive (loss) income	$ (15,896)		$ 2,195		$ (12,590)	$ 6,339
Net (loss) income per share:
Basic	$ (0.10)		$ 0.02		$ (0.05)	$ 0.04
Diluted	$ (0.10)		$ 0.02		$ (0.05)	$ 0.04
Weighted average shares used in per share calculation:
Basic outstanding	161,710		157,846		161,317	156,956
Diluted outstanding	161,710		161,977		161,317	159,223
Service Revenue
Total revenue	$ 62,815		$ 103,057		$ 162,312	$ 201,127
Cost of revenue	1,013		1,613		2,232	3,002
Product Sales
Total revenue	16,994		6,518		34,210	6,909
Cost of revenue	$ 9,060		$ 2,918		$ 17,750	$ 3,194

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Common StockPlatinum Stockholder	Common Stock Contingent Consideration	Common Stock Contingent ConsiderationPlatinum Stockholder	Additional Paid-in Capital	Additional Paid-in CapitalPlatinum Stockholder	Accumulated Deficit	Accumulated Other Comprehensive Loss
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 new accounting standard, net of tax | ASU 2014-09	(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 gain (loss),net of tax	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)	6,411
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
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
Earn-out shares issued to Platinum Stockholder					$ (18,288)		$ 18,288
Earn-out shares issued to Platinum Stockholder (in shares)			2,500
Vesting of restricted stock units (RSUs) (in shares)		53
Stock-based compensation	2,812					2,812
Other comprehensive gain (loss),net of tax	(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
Beginning Balance at Dec. 31, 2019	339,347	$ 16		54,862		367,266		(80,220)	(2,577)
Beginning Balance (in shares) at Dec. 31, 2019		159,150
Net income (loss)	6,673							6,673
Cumulative effect of adoption of new accounting standard, net of tax | ASU 2016-13	(694)							(694)
Earn-out shares issued to Platinum Stockholder					$ (18,287)		$ 18,287
Earn-out shares issued to Platinum Stockholder (in shares)			2,500
Vesting of restricted stock units (RSUs) (in shares)		42
Payment of employee tax withholding related to RSU vesting	(327)					(327)
Stock-based compensation	2,768					2,768
Other comprehensive gain (loss),net of tax	(3,367)								(3,367)
Ending Balance at Mar. 31, 2020	344,400	$ 16		36,575		387,994		(74,241)	(5,944)
Ending Balance (in shares) at Mar. 31, 2020		161,692
Beginning Balance at Dec. 31, 2019	339,347	$ 16		54,862		367,266		(80,220)	(2,577)
Beginning Balance (in shares) at Dec. 31, 2019		159,150
Net income (loss)	(8,715)
Ending Balance at Jun. 30, 2020	331,750	$ 16		36,575		391,240		(89,629)	(6,452)
Ending Balance (in shares) at Jun. 30, 2020		161,737
Beginning Balance at Mar. 31, 2020	344,400	$ 16		36,575		387,994		(74,241)	(5,944)
Beginning Balance (in shares) at Mar. 31, 2020		161,692
Net income (loss)	(15,388)							(15,388)
Vesting of restricted stock units (RSUs) (in shares)		45
Payment of employee tax withholding related to RSU vesting	(25)					(25)
Stock-based compensation	3,271					3,271
Other comprehensive gain (loss),net of tax	(508)								(508)
Ending Balance at Jun. 30, 2020	$ 331,750	$ 16		$ 36,575		$ 391,240		$ (89,629)	$ (6,452)
Ending Balance (in shares) at Jun. 30, 2020		161,737

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Cash Flows from Operating Activities:
Net (loss) income	$ (8,715)	$ 6,411
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	58,409	57,804
Amortization of deferred financing costs and discounts	2,106	3,589
Impairment of property and equipment		5,898
Loss from tax receivable agreement adjustment	4,446
Credit loss expense	10,723	2,736
Deferred income taxes	(2,496)	(11,568)
Stock-based compensation	6,039	4,955
Installation and service parts expense	559	643
Accretion expense	129	183
Loss (gain) on disposal of assets	3	(13)
Changes in operating assets and liabilities:
Accounts receivable, net	(43,183)	(21,433)
Unbilled receivables	7,476	(616)
Prepaid expenses and other current assets	7,979	(4,199)
Accounts payable and accrued liabilities	(17,863)	5,224
Other liabilities	(3,069)	(3,833)
Net cash provided by operating activities	22,543	45,781
Cash Flows from Investing Activities:
Purchases of installation and service parts and property and equipment	(14,301)	(14,192)
Cash proceeds from the sale of assets	49	14
Net cash used in investing activities	(14,252)	(14,178)
Cash Flows from Financing Activities:
Repayment of long-term debt	(24,227)	(4,552)
Payment of debt issuance costs	(922)	(152)
Payment of employee tax withholding related to RSU vesting	(352)
Net cash used in financing activities	(25,501)	(4,704)
Effect of exchange rate changes on cash and cash equivalents	(1,270)	10
Net (decrease) increase in cash, cash equivalents and restricted cash	(18,480)	26,909
Cash, cash equivalents and restricted cash - beginning of period	132,430	67,081
Cash, cash equivalents and restricted cash - end of period	113,950	93,990
Supplemental cash flow information:
Interest paid	20,201	28,144
Income taxes paid, net	1,135	15,448
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		6,205
Earn-out shares issued to Platinum Stockholder	18,287	18,288
Additions to ARO, property and equipment, and other	41	143
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end	$ 3,238	$ 4,269

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business	1. Description of Business Verra Mobility Corporation (collectively with its subsidiaries, the “ Company Verra Mobility Gores IPO Nasdaq On June 21, 2018, Gores entered into an Agreement and Plan of Merger (as amended, the “ Merger Agreement ”) with Greenlight Holding II Corporation, PE Greenlight Holdings, LLC, AM Merger Sub I, Inc., a direct, wholly-owned subsidiary of Gores and AM Merger Sub II, LLC, a direct, wholly-owned subsidiary of Gores. On October 17, 2018, the transactions contemplated by the Merger Agreement (the “ Business Combination ”) were consummated. In connection with the closing of the Business Combination, Gores changed its name to Verra Mobility Corporation. As a result of the Business Combination, Verra Mobility Corporation became the owner, directly or indirectly, of all of the equity interests of Verra Mobility Holdings, LLC and its subsidiaries. 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 segments: Commercial Services and Government Solutions (see Note 16). 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. 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 Pagatelia The Government Solutions segment 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 Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	2 . Significant Accounting 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 credit loss, 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 2017, the Financial Accounting Standards Board (“ FASB ASU Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Goodwill and Intangible Assets In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, CECL The Company adopted the CECL standard as of January 1, 2020 through a cumulative effect adjustment of $0.7 million, net of tax, to the opening balance of Accumulated deficit. The adjustment increased Accumulated deficit and increased the Allowance for credit loss accounts. Subsequent impacts to the Allowance for credit loss have been recorded through the Credit loss expense account included within Selling, general and administrative expenses in our condensed consolidated statements of operations and as an Allowance for credit loss on our condensed consolidated balance sheet. See Note 4. Accounts Receivable, Net Accounting Standards Not Yet Adopted In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. On March 12, 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisition	3 . Acquisition Pagatelia Acquisition On October 31, 2019, the Company completed the acquisition of all of the outstanding shares of Pagatelia S.L., (“ Pagatelia The allocation of the purchase consideration is summarized as follows: ($ in thousands) Assets acquired Cash $ 1,086 Other assets 5,047 Trademark 771 Customer relationships 5,946 Developed technology 4,624 Non-compete agreements 440 Goodwill 17,528 Total assets acquired 35,442 Liabilities assumed Accounts payable and accrued expenses 6,045 Deferred tax liability 2,801 Total liabilities assumed 8,846 Total purchase price $ 26,596 Goodwill arising from Pagatelia 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 relationships 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 non-compete agreement values were based on the with-or-without method. The trademark, customer relationships, developed technology and non-compete agreements were assigned useful lives of 8.5 years, 9.5 years, 6.5 years and 3 years, respectively. The Company did not provide pro forma financial information for Pagatelia as it was not material.

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Accounts Receivable, Net	4. Accounts Receivable, Net Accounts receivable are uncollateralized customer obligations arising from the sale of products or services. Accounts receivable have normal trade terms less than one year and are initially stated at the amounts billed to the customers. Accounts receivable are subsequently measured at amortized cost net of allowance for credit loss. As part of its analysis for implementation of the CECL standard as of January 1, 2020, the Company reviewed historical loss rates, customer payment trends and collection rates on customer balances. Estimated loss rates were developed using historical credit loss experience, adjusted for future expectations using probability-weighted assumptions about potential outcomes. Receivables are written off against the allowance for credit loss when it is probable that amounts will not be collected based on terms of the customer contracts, and subsequent recoveries reverse the previous write-off and apply to the receivable in the period recovered. The Company periodically evaluates the adequacy of its allowance for expected credit losses by comparing its actual historical write-offs to its previously recorded estimates. The Company identified portfolio segments based on type of business, industry in which the customer operates and historical credit loss patterns . The following presents by portfolio segment Accounts receivable, net and the activity in the A llowance for credit loss for the six months ended June 30 , 2020 : ($ in thousands) Commercial Services (Driver-billed) (1) Commercial Services (All other) Government Solutions Total Accounts Receivable, Net at January 1, 2020 (2) $ 9,793 $ 51,158 $ 31,744 $ 92,695 Allowance for credit loss at January 1, 2020 (2) $ 5,272 $ 1,406 $ 1,778 $ 8,456 Credit loss expense 2,744 6,256 1,723 10,723 Write-offs, net of recoveries (5,449 ) (334 ) (466 ) (6,249 ) Allowance for credit loss at June 30, 2020 $ 2,567 $ 7,328 $ 3,035 $ 12,930 Accounts Receivable, Net at June 30, 2020 $ 7,926 $ 48,934 $ 68,392 $ 125,252 (1) Driver-billed consists of receivables from drivers of rental cars and fleet management companies for which the Company bills on behalf of its customers. (2) This includes a $0.8 million increase to Allowance for credit loss as a result of adopting the CECL standard. The estimated credit loss expense for the six months ended June 30, 2020 includes a specific provision of $3.5 million for accounts receivable due from one of our Commercial Services (All other) customers who filed for Chapter 11 bankruptcy. Concentration of Credit Risk Significant customers are those which represent more than 10% of the Company’s total revenue and accounts receivable. Revenue from one of the Government Solutions customers as a percent of total revenue is presented below for the three and six months ended June 30, 2020 and 2019, respectively: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 City of New York Department of Transportation 40.5 % 12.4 % 31.6 % 10.4 % The City of New York Department of Transportation represents 42.2% of accounts receivable, net as of June 30, 2020. Significant customer revenue generated through the Company’s Commercial Services partners as a percent of total revenue is presented below for the three and six months ended June 30, 2020 and 2019, respectively: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Hertz Corporation (1) 19.6 % 13.0 % 19.0 % Avis Budget Group, Inc. (1) 16.5 % (1) 13.1 % Enterprise Holdings, Inc. (1) 13.5 % (1) 13.7 % (1) Customer revenue 10%

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Jun. 30, 2020
Prepaid Expense And Other Assets Current [Abstract]
Prepaid Expenses and Other Current Assets	5 . Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following at: ($ in thousands) June 30, 2020 December 31, 2019 Prepaid tolls $ 7,947 $ 10,116 Deposits 3,345 3,642 Prepaid services 3,176 5,201 Prepaid computer maintenance 2,559 2,923 Prepaid insurance 841 1,485 Photo enforcement equipment held for sale 416 1,410 Prepaid income taxes 230 1,025 Other 450 689 Total prepaid expenses and other current assets $ 18,964 $ 26,491

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6 . Goodwill and Intangible Assets The following table presents the changes in the carrying amount of goodwill by reportable segment: Commercial Government ($ in thousands) Services Solutions Total Balance at December 31, 2019 $ 424,404 $ 159,746 $ 584,150 Foreign currency translation adjustment (2,535 ) — (2,535 ) Balance at June 30, 2020 $ 421,869 $ 159,746 $ 581,615 Intangible assets consist of the following as of the respective period-ends: June 30, 2020 December 31, 2019 Weighted Weighted Average Gross Average Gross Remaining Carrying Accumulated Remaining Carrying Accumulated ($ in thousands) Useful Life Amount Amortization Useful Life Amount Amortization Trademarks 0.9 years $ 32,067 $ 24,209 1.5 years $ 32,127 $ 19,106 Non-compete agreements 2.5 years 62,555 31,119 3.0 years 62,549 24,834 Customer relationships 6.4 years 365,368 103,204 6.9 years 366,533 82,903 Developed technology 2.8 years 165,520 80,615 3.3 years 165,708 65,631 Gross carrying value of intangible assets 625,510 $ 239,147 626,917 $ 192,474 Less: accumulated amortization (239,147 ) (192,474 ) Intangible assets, net $ 386,363 $ 434,443 Amortization expense was $23.5 million and $23.1 million for the three months ended June 30, 2020 and 2019, respectively, and was $47.1 million and $46.3 million for the six months ended June 30, 2020 and 2019, respectively. Estimated amortization expense in future years is expected to be: ($ in thousands) Remainder of 2020 $ 46,823 2021 85,379 2022 80,654 2023 52,157 2024 41,671 Thereafter 79,679 Total $ 386,363 Interim Goodwill Impairment Review During the fourth quarter of each fiscal year, we perform our annual goodwill impairment test for each of our reporting units. Our reporting units are the same as our two reportable segments (Government Solutions and Commercial Services). We also test goodwill for impairment whenever events or circumstances occur which, in our judgment, could more likely than not reduce the fair value of one or more reporting units below its carrying amount. Potential impairment indicators include, but are not limited to, (i) a deterioration of the business environments in which we operate; (ii) downward revisions to internal forecasts, and the magnitude thereof, if any; and (iii) declines in our market capitalization below our book value, and the magnitude and duration of those declines, if any. During the first half of fiscal 2020, our market capitalization declined significantly compared to December 31, 2019. Over the same period, the equity value of our key Commercial Services customers, our peer group companies and the overall U.S. stock market also declined significantly amid market volatility. These declines were driven by the uncertainty surrounding the outbreak of the novel coronavirus (“ COVID-19 Based upon the results of our interim impairment tests, we concluded that the fair values of the Government Solutions and Commercial Services reporting units exceeded their carrying value. The current economic conditions due to COVID-19 are still evolving and any significant adverse changes in future periods to our internal forecasts or the external market conditions, if any, could reasonably be expected to negatively affect our key assumptions and may result in a future goodwill impairment charge, which could be material.

Impairment of Other Long-lived

Impairment of Other Long-lived Assets	6 Months Ended
	Jun. 30, 2020
Asset Impairment Charges [Abstract]
Impairment of Other Long-lived Assets	7 . Impairment of Other Long-lived Assets The Company reviews its other long-lived assets for impairment (including intangible assets with finite useful lives) 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, an impairment loss is recognized for the difference between the estimated fair value of the assets and their carrying value. At June 30, 2020, the Company performed a qualitative assessment and concluded that there is no impairment, as the fair values of the asset groups exceeded their respective carrying amounts. 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 three and six months ended June 30, 2019, which is included in Impairment of property and equipment in the condensed consolidated statements of operations.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2020
Payables And Accruals [Abstract]
Accrued Liabilities	8 . Accrued Liabilities Accrued liabilities consist of the following at: ($ in thousands) June 30, 2020 December 31, 2019 Accrued salaries and wages $ 4,228 $ 10,319 Current portion of related party TRA liability 4,636 5,730 Current portion of operating lease liabilities 2,933 2,970 Advanced deposits payable 2,435 2,875 Income taxes payable 1,952 348 Restricted cash due to customers 711 917 Accrued sales commissions 480 612 Accrued interest payable 173 210 Other 2,022 1,296 Total accrued liabilities $ 19,570 $ 25,277

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	9 . Debt The following table provides a summary of the Company’s debt at: ($ in thousands) June 30, 2020 December 31, 2019 First Lien Term Loan, due February 28, 2025 $ 870,194 $ 894,421 Less: original issue discounts (4,469 ) (4,778 ) Less: unamortized deferred financing costs (22,304 ) (23,178 ) Total debt 843,421 866,465 Less: current portion of long-term debt (9,104 ) (28,779 ) Total long-term debt, net of current portion $ 834,317 $ 837,686 In connection with an acquisition in 2018, VM Consolidated, Inc., a wholly-owned subsidiary of the Company, entered into a First Lien Term Loan Credit Agreement (the “ First Lien Term Loan Second Lien Term Loan ”), (collectively the “ Term Loans ”) and a Revolving Credit Facility Agreement (the “ Revolver ”) with a syndicate of lenders (collectively, the “ 2018 Credit Facilities ”). The 2018 Credit Facilities initially provided for committed senior secured financing of $1.115 billion, consisting of the Term Loans in an aggregate principal amount of $1.04 billion and the Revolver available for loans and letters of credit with an aggregate revolving commitment of up to $75 million (subject to borrowing eligibility requirements as described below). . The First Lien Term Loan is repayable at 1.0% per annum of the amount initially borrowed, paid in quarterly installments. The First Lien Term Loan matures on February 28, 2025. The Company refinanced the entire outstanding amount under the First Lien Term Loan on February 20, 2020 which reduced the previous applicable margin by 50 basis points. The First Lien Term Loan now bears interest based, at our option, on either (1) LIBOR plus an applicable margin of 3.25% per annum, or (2) an alternate base rate plus an applicable margin of 2.25% per annum. As of June 30, 2020, the interest rate on the First Lien Term Loan was 3.6%. In addition, the First Lien Term Loan requires mandatory prepayments equal to the product of the excess cash flows of the Company (as defined in the loan agreement) and the applicable prepayment percentages (calculated as of the last day of the fiscal year, beginning with the year ending December 31, 2019), as set forth in the following table: Consolidated first lien net leverage ratio (as defined by the First Lien Term Loan agreement) Applicable prepayment percentage > 3.70:1.00 50% < 25% < 0% The Company made a $19.7 million mandatory prepayment of excess cash flow during the first quarter of fiscal 2020, which was classified as current portion of long-term debt in the condensed consolidated balance sheet at December 31, 2019. The Revolver matures on February 28, 2023. The terms of the Revolver were not affected by the refinancing of the First Lien Term Loan discussed above. Borrowing eligibility under the Revolver is subject to a monthly borrowing base calculation based on (i) certain percentages of eligible accounts receivable and inventory, less (ii) certain reserve items, including outstanding letters of credit and other reserves. The Revolver bears interest on either (1) LIBOR plus an applicable margin, or (2) an alternate base rate, plus an applicable margin. The margin percentage applied to (1) LIBOR is either 1.25%, 1.50%, or 1.75%, or (2) the base rate is either 0.25%, 0.50%, or 0.75%, depending on the Company’s average availability to borrow under the commitment. At June 30, 2020, the Company had no outstanding borrowings on the Revolver and availability to borrow under the Revolver was $68.7 million, net of $6.3 million of outstanding letters of credit. Interest on the unused portion of the Revolver is payable quarterly at 0.375%, and the Company is also required to pay participation and fronting fees at 1.38% on $6.3 million in outstanding letters of credit as of June 30, 2020. 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 June 30 , 2020, the Company was compliant with the 2018 Credit Facilities covenants. Substantially all of the Company’s assets are pledged as collateral to secure the Company’s indebtedness under the 2018 Credit Facilities. The Company recorded interest expense, including amortization of deferred financing costs and discounts, of $9.5 million and $15.7 million for the three months ended June 30, 2020 and 2019, respectively, and $22.0 million and $31.7 million for the six months ended June 30, 2020 and 2019, respectively. In connection with the refinancing of the First Lien Term Loan in February 2020, which the Company determined was to be accounted for as a modification, the Company incurred $0.8 million of lender fees which were capitalized as deferred financing costs and amortized over the remaining life of the First Lien Term Loan, and $0.2 million of legal fees that were expensed as Selling, general and administrative expenses on the condensed consolidated statement of operations. The weighted average effective interest rates on the Company’s outstanding borrowing under the 2018 Credit Facilities were 3.6% and 5.5% at June 30, 2020 and December 31, 2019, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	10 . Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement, 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. The carrying amounts reported in the Company’s 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 the Company’s First Lien Term Loan as of June 30, 2020 and December 31, 2019 was categorized in Level 2 of the fair value hierarchy and was calculated based upon available market information. The carrying value and fair value of debt is as follows: Level in June 30, 2020 December 31, 2019 Fair Value Carrying Estimated Carrying Estimated ($ in thousands) Hierarchy Amount Fair Value Amount Fair Value Total debt 2 $ 843,421 $ 839,737 $ 866,465 $ 905,601

Net (Loss) Income Per Share

Net (Loss) Income Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net (Loss) Income Per Share	1 1 . Net (Loss) Income Per Share Basic net (loss) income per share is calculated by dividing net (loss) income by the weighted average shares outstanding during the period, without consideration of common stock equivalents. Diluted net (loss) income 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 (loss) income per share are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share data) 2020 2019 2020 2019 Numerator: Net (loss) income $ (15,388 ) $ 3,591 $ (8,715 ) $ 6,411 Denominator: Weighted average shares - basic 161,710 157,846 161,317 156,956 Common stock equivalents — 4,131 — 2,267 Weighted average shares - diluted 161,710 161,977 161,317 159,223 Net (loss) income per share - basic $ (0.10 ) $ 0.02 $ (0.05 ) $ 0.04 Net (loss) income per share - diluted $ (0.10 ) $ 0.02 $ (0.05 ) $ 0.04 Antidilutive shares excluded from diluted net (loss) income per share (1) Contingently issuable shares (2) 5,000 8,214 5,000 9,107 Warrants 20,000 — 20,000 10,000 Non-qualified stock options 699 — 699 — Performance share units 116 — 116 — Restricted stock units 3,377 — 3,377 43 Total antidilutive shares excluded 29,192 8,214 29,192 19,150 (1) These amounts represent the total antidilutive shares outstanding for the three and six months ended June 30, 2020 and the weighted average antidilutive shares for the three and six months ended June 30, 2019. (2) Contingently issuable shares relate to the earn-out agreement as discussed in Note 14, Related Party Transactions

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	1 2 . Income Taxes Our interim income tax (benefit) 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. In December 2019, COVID-19 emerged in China and has since spread throughout the world causing severe disruption to the global economy. On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. CARES Act Our effective income tax rate was 20.7% and 32.6% for the three months ended June 30, 2020 and 2019, respectively, and 8.5% and 32.3% for the six months ended June 30, 2020 and 2019, respectively. The effective tax rate change was primarily due to lower pre-tax income in the current year, resulting in the Company’s permanent book and tax differences having a proportionately greater impact on the effective tax rate in the current year. The total amount of unrecognized tax benefits decreased by $0.9 million during fiscal 2020 primarily from the statute expiration of prior year tax positions. As of June 30, 2020, the total amount of unrecognized tax benefits was $0.8 million, of which $0.7 million would affect our effective tax rate if recognized. We recognize interest and penalties related to unrecognized tax benefits through income tax expense. As of June 30 , 2020, we had less than $ 0.1 million accrued for the payment of interest and penalties. 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 returns remain subject to examination by tax authorities for the years 2016 to 2019. 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 2019. Tax returns for years prior to 2014 remain open in a number of states due to tax attributes generated but not yet utilized. 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	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	1 3 . Stock-Based Compensation The following details the components of stock-based compensation for the periods presented: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2020 2019 2020 2019 Operating expenses $ 294 $ 272 $ 514 $ 476 Selling, general and administrative expenses 2,977 2,540 5,525 4,479 Total stock-based compensation expense $ 3,271 $ 2,812 $ 6,039 $ 4,955

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	1 4 . Related Party Transactions Tax Receivable Agreement At the closing of the Business Combination, the Company entered into a tax receivable agreement (“ TRA Platinum Stockholder At June 30, 2020, the Company recorded a $4.4 million increase to the Payable related to tax receivable agreement with an offsetting charge to Loss from tax receivable agreement adjustment in the condensed consolidated statements of operations for the three and six months ended June 30, 2020. The adjustment reflects the impact of an increase to the Company’s deferred tax rate arising from higher estimated state tax rates due to a change in apportionment. At June 30, 2020 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” ) if the volume weighted average closing sale price of one share of Class A Common Stock on Nasdaq exceeds certain thresholds for a period of at least 10 days out of 20 consecutive trading days at any time during the five-year Business Combination (the “ Common Stock Price ”). The Earn-Out Shares are issued by the Company to the Platinum Stockholder as follows: Common Stock Price thresholds One-time issuance of shares > $13.00 (a) 2,500,000 > $15.50 (a) 2,500,000 > $18.00 2,500,000 > $20.50 2,500,000 (a) The first and second tranches of Earn-Out Shares have been issued, as discussed below. If any of the Common Stock Price thresholds above (each, a “ Triggering Event ”) are not achieved within the five-year period following the closing of the Business Combination , the Company will not be required to issue the Earn-Out Shares in respect of such Common Stock Price threshold. In no event shall the Platinum Stockholder be entitled to receive more than an aggregate of 10,000,000 Earn-Out Shares. If, during the earn-out period, there is a change of control (as defined in the Merger Agreement) that will result in the holders of Greenlight Acquisition Corporation (“ Parent ”) Class A Common Stock receiving a per share price equal to or in excess of the applicable Common Stock Price required in connection with any Triggering Event (an “ Acceleration Event ”), then immediately prior to the consummation of such change of control: (a) any such Triggering Event that has not previously occurred shall be deemed to have occurred; and (b) Parent shall issue the applicable Earn-Out Shares to the cash consideration stockholders (as defined in the Merger Agreement) (in accordance with their respective pro rata cash share), and the recipients of the issued Earn-Out Shares shall be eligible to participate in such change of control. The Company estimated the original fair value of the contingently issuable shares to be $73.15 million, of which $36.6 million remains contingently issuable as of June 30, 2020. The estimated value is not subject to future revisions during the five-year period discussed above. The Company used a Monte Carlo simulation option-pricing model to arrive at its original 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 accounts. 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 and on January 27, 2020, the Triggering Events for the issuance of the first and second tranches of Earn-Out Shares occurred, as the volume weighted average closing sale price per share of the Company’s Class A Common Stock as of that date had been greater than $13.00 and $15.50, respectively, for 10 out of 20 consecutive trading days. These Triggering Events resulted in the issuance of an aggregate 5,000,000 shares of the Company’s Class A Common Stock to the Platinum Stockholder and an increase in the Company’s Common stock and Additional paid-in capital accounts of $36.6 million, with a corresponding decrease to the Common stock contingent consideration account.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 5 . 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 $6.3 million at June 30, 2020. The Company has non-cancelable purchase commitments to certain vendors. The aggregate non-cancelable purchase commitments outstanding at June 30, 2020 were $16.0 million. The Company is subject to tax audits in the normal course of business and does not have material contingencies recorded related to such audits. Customer Guarantee In the ordinary course of business, the Company occasionally employs contract terms that mitigate the customer’s risk of aggregate revenue decline in connection with the customer’s adoption of additional or changes to service models within its existing portfolio. These agreements require the customer to satisfy numerous conditions to trigger payment, including volume metrics and other operational requirements. The Company has one such guarantee outstanding for the one-year Exit Activities We commenced exit activities related to severance and other employee separation costs during the three and six months ended June 30, 2020. We accrued $0.5 million as of June 30, 2020, of which $0.4 million related to the Commercial Services segment and the remaining related to the Government Solutions segment. The Company expects to pay the amount before the end of fiscal 2020. 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, and accordingly, no material contingency accruals are recorded. However, the outcome of litigation is inherently uncertain. As additional information becomes available, the Company reassesses the potential liability.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	1 6 . 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 function (“ CODM ”) is comprised of the Company’s CEO and certain defined representatives of the Company’s executive management team. The Company’s CODM monitors operating performance, allocates resources and deploys capital based on these Segment performance is based on revenues and (loss) income from operations before depreciation, amortization, gain (loss) on disposal of assets, net, and stock-based compensation. The measure also excludes interest expense, net, 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 for the segments. Other income, net consists primarily of credit card rebates earned on the prepayment of tolling transactions 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 June 30, 2020 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 27,272 $ 35,543 $ — $ 62,815 Product sales — 16,994 — 16,994 Total revenue 27,272 52,537 — 79,809 Cost of service revenue 646 367 — 1,013 Cost of product sales — 9,060 — 9,060 Operating expenses 10,750 15,655 — 26,405 Selling, general and administrative expenses 10,191 7,150 503 17,844 Other income, net (1,507 ) (16 ) — (1,523 ) Segment profit (loss) $ 7,192 $ 20,321 $ (503 ) $ 27,010 Segment profit (loss) $ 7,192 $ 20,321 $ (503 ) $ 27,010 Depreciation and amortization — — 29,159 29,159 Loss on disposal of assets, net 5 2 — 7 Loss from tax receivable agreement adjustment — — 4,446 4,446 Stock-based compensation — — 3,271 3,271 Interest expense, net — — 9,539 9,539 Income (loss) before income tax benefit $ 7,187 $ 20,319 $ (46,918 ) $ (19,412 ) For the Three Months Ended June 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 68,091 $ 34,966 $ — $ 103,057 Product sales — 6,518 — 6,518 Total revenue 68,091 41,484 — 109,575 Cost of service revenue 915 698 — 1,613 Cost of product sales — 2,918 — 2,918 Operating expenses 16,722 14,801 — 31,523 Selling, general and administrative expenses 9,629 7,561 1,135 18,325 Other income, net (3,308 ) (37 ) — (3,345 ) Segment profit (loss) $ 44,133 $ 15,543 $ (1,135 ) $ 58,541 Segment profit (loss) $ 44,133 $ 15,543 $ (1,135 ) $ 58,541 Depreciation and amortization — — 28,865 28,865 Gain on disposal of assets, net — (15 ) — (15 ) Impairment of property and equipment — 5,898 — 5,898 Stock-based compensation — — 2,812 2,812 Interest expense, net — — 15,656 15,656 Income (loss) before income tax provision $ 44,133 $ 9,660 $ (48,468 ) $ 5,325 For the Six Months Ended June 30, 2020 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 88,514 $ 73,798 $ — $ 162,312 Product sales — 34,210 — 34,210 Total revenue 88,514 108,008 — 196,522 Cost of service revenue 1,453 779 — 2,232 Cost of product sales — 17,750 — 17,750 Operating expenses 27,280 31,164 — 58,444 Selling, general and administrative expenses 23,575 16,819 788 41,182 Other income, net (4,396 ) (52 ) — (4,448 ) Segment profit (loss) $ 40,602 $ 41,548 $ (788 ) $ 81,362 Segment profit (loss) $ 40,602 $ 41,548 $ (788 ) $ 81,362 Depreciation and amortization — — 58,409 58,409 Loss (gain) on disposal of assets, net 5 (2 ) — 3 Loss from tax receivable agreement adjustment — — 4,446 4,446 Stock-based compensation — — 6,039 6,039 Interest expense, net — — 21,990 21,990 Income (loss) before income tax benefit $ 40,597 $ 41,550 $ (91,672 ) $ (9,525 ) For the Six Months Ended June 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 130,679 $ 70,448 $ — $ 201,127 Product sales — 6,909 — 6,909 Total revenue 130,679 77,357 — 208,036 Cost of service revenue 1,779 1,223 — 3,002 Cost of product sales — 3,194 — 3,194 Operating expenses 31,818 28,839 — 60,657 Selling, general and administrative expenses 20,391 15,411 1,135 36,937 Other income, net (5,478 ) (74 ) — (5,552 ) Segment profit (loss) $ 82,169 $ 28,764 $ (1,135 ) $ 109,798 Segment profit (loss) $ 82,169 $ 28,764 $ (1,135 ) $ 109,798 Depreciation and amortization — — 57,804 57,804 Gain on disposal of assets, net — (13 ) — (13 ) Impairment of property and equipment — 5,898 — 5,898 Stock-based compensation — — 4,955 4,955 Interest expense, net — — 31,689 31,689 Income (loss) before income tax provision $ 82,169 $ 22,879 $ (95,583 ) $ 9,465

Guarantor_Non-Guarantor Financi

Guarantor/Non-Guarantor Financial Information	6 Months Ended
	Jun. 30, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Guarantor/Non-Guarantor Financial Information	1 7 . Guarantor/Non-Guarantor Financial Information VM Consolidated, Inc., a wholly-owned subsidiary of the Company, is the lead borrower of the First Lien Term Loan and the 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 Greenlight Acquisition Corporation The following financial information presents the condensed consolidated balance sheets as of June 30, 2020 and the related condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2020 and condensed consolidated statements of cash flows for the six months ended June 30, 2020 for the Company, combined guarantor subsidiaries and combined non-guarantor subsidiaries. Verra Mobility Corporation and Subsidiaries Condensed Consolidated Balance Sheets at June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 98,566 $ 14,673 $ — $ 113,239 Restricted cash — 711 — — 711 Accounts receivable (net of allowance for credit loss of $12.9 million ) — 122,373 2,879 — 125,252 Unbilled receivables — 12,244 288 — 12,532 Investment in subsidiary 162,491 73,069 — (235,560 ) — Prepaid expenses and other current assets — 16,655 2,309 — 18,964 Total current assets 162,491 323,618 20,149 (235,560 ) 270,698 Installation and service parts, net — 8,672 — — 8,672 Property and equipment, net — 69,987 3,617 — 73,604 Operating lease assets — 30,588 345 — 30,933 Intangible assets, net — 360,280 26,083 — 386,363 Goodwill — 524,766 56,849 — 581,615 Due from affiliates 169,259 — — (169,259 ) — Other non-current assets — 3,223 14 — 3,237 Total assets $ 331,750 $ 1,321,134 $ 107,057 $ (404,819 ) $ 1,355,122 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 26,229 $ 10,117 $ — $ 36,346 Accrued liabilities — 16,546 3,024 — 19,570 Current portion of long-term debt — 9,104 — — 9,104 Total current liabilities — 51,879 13,141 — 65,020 Long-term debt, net of current portion and deferred financing costs — 834,317 — — 834,317 Operating lease liabilities, net of current portion — 29,070 170 — 29,240 Payable to related party pursuant to tax receivable agreement — 65,620 — — 65,620 Due to affiliates — 153,369 15,890 (169,259 ) — Asset retirement obligation — 6,237 — — 6,237 Deferred tax liabilities, net — 17,904 4,787 — 22,691 Other long-term liabilities — 247 — — 247 Total liabilities — 1,158,643 33,988 (169,259 ) 1,023,372 Total stockholders' equity 331,750 162,491 73,069 (235,560 ) 331,750 Total liabilities and stockholders' equity $ 331,750 $ 1,321,134 $ 107,057 $ (404,819 ) $ 1,355,122 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss Three Months Ended June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Service revenue $ — $ 59,784 $ 3,031 $ — $ 62,815 Product sales — 16,994 — — 16,994 Total revenue — 76,778 3,031 — 79,809 Cost of service revenue — 451 562 — 1,013 Cost of product sales — 9,060 — — 9,060 Operating expenses — 24,926 1,773 — 26,699 Selling, general and administrative expenses — 19,649 1,172 — 20,821 Depreciation, amortization and (gain) loss on disposal of assets, net — 27,876 1,290 — 29,166 Total costs and expenses — 81,962 4,797 — 86,759 Loss from operations — (5,184 ) (1,766 ) — (6,950 ) Loss from equity investment 15,388 1,521 — (16,909 ) — Interest expense, net — 9,540 (1 ) — 9,539 Loss from tax receivable agreement adjustment — 4,446 — — 4,446 Other income, net — (1,494 ) (29 ) — (1,523 ) Total other expenses (income) 15,388 14,013 (30 ) (16,909 ) 12,462 Loss before income tax benefit (15,388 ) (19,197 ) (1,736 ) 16,909 (19,412 ) Income tax benefit — (3,809 ) (215 ) — (4,024 ) Net loss $ (15,388 ) $ (15,388 ) $ (1,521 ) $ 16,909 $ (15,388 ) Other comprehensive loss: Change in foreign currency translation adjustment — — (508 ) — (508 ) Total comprehensive loss $ (15,388 ) $ (15,388 ) $ (2,029 ) $ 16,909 $ (15,896 ) Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss Six Months Ended June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Service revenue $ — $ 155,434 $ 6,878 $ — $ 162,312 Product sales — 34,210 — — 34,210 Total revenue — 189,644 6,878 — 196,522 Cost of service revenue — 1,119 1,113 — 2,232 Cost of product sales — 17,750 — — 17,750 Operating expenses — 55,504 3,454 — 58,958 Selling, general and administrative expenses — 43,624 3,083 — 46,707 Depreciation, amortization and (gain) loss on disposal of assets, net — 55,871 2,541 — 58,412 Total costs and expenses — 173,868 10,191 — 184,059 Income (loss) from operations — 15,776 (3,313 ) — 12,463 Loss from equity investment 8,715 2,828 — (11,543 ) — Interest expense, net — 22,002 (12 ) — 21,990 Loss from tax receivable agreement adjustment — 4,446 — — 4,446 Other income, net — (4,381 ) (67 ) — (4,448 ) Total other expenses (income) 8,715 24,895 (79 ) (11,543 ) 21,988 Loss before income tax benefit (8,715 ) (9,119 ) (3,234 ) 11,543 (9,525 ) Income tax benefit — (404 ) (406 ) — (810 ) Net loss $ (8,715 ) $ (8,715 ) $ (2,828 ) $ 11,543 $ (8,715 ) Other comprehensive loss: Change in foreign currency translation adjustment — — (3,875 ) — (3,875 ) Total comprehensive loss $ (8,715 ) $ (8,715 ) $ (6,703 ) $ 11,543 $ (12,590 ) Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Cash Flows from Operating Activities: Net loss $ (8,715 ) $ (8,715 ) $ (2,828 ) $ 11,543 $ (8,715 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization — 55,873 2,536 — 58,409 Amortization of deferred financing costs and discounts — 2,106 — — 2,106 Loss from tax receivable agreement adjustment — 4,446 — — 4,446 Credit loss expense — 10,723 — — 10,723 Deferred income taxes — (1,869 ) (627 ) — (2,496 ) Stock-based compensation — 6,039 — — 6,039 Installation and service parts expense — 559 — — 559 Accretion expense — 129 — — 129 (Gain) loss on disposal of assets — (2 ) 5 — 3 Loss from equity investment 8,715 2,828 — (11,543 ) — Changes in operating assets and liabilities: Accounts receivable, net — (44,969 ) 1,786 — (43,183 ) Unbilled receivables — 7,073 403 — 7,476 Prepaid expenses and other current assets — 8,008 (29 ) — 7,979 Accounts payable and accrued liabilities — (13,865 ) (3,998 ) — (17,863 ) Due to affiliates — (2,027 ) 2,027 — — Other liabilities — (3,069 ) — — (3,069 ) Net cash provided by (used in) operating activities — 23,268 (725 ) — 22,543 Cash Flows from Investing Activities: Purchases of installation and service parts and property and equipment — (12,825 ) (1,476 ) — (14,301 ) Cash proceeds from the sale of assets — 49 — — 49 Net cash used in investing activities — (12,776 ) (1,476 ) — (14,252 ) Cash Flows from Financing Activities: Repayment of long-term debt — (24,227 ) — — (24,227 ) Payment of debt issuance costs — (922 ) — — (922 ) Payment of employee tax withholding related to RSU vesting — (352 ) — — (352 ) Net cash used in financing activities — (25,501 ) — — (25,501 ) Effect of exchange rate changes on cash and cash equivalents — — (1,270 ) — (1,270 ) Net decrease in cash, cash equivalents and restricted cash — (15,009 ) (3,471 ) — (18,480 ) Cash, cash equivalents and restricted cash - beginning of period — 114,286 18,144 — 132,430 Cash, cash equivalents and restricted cash - end of period $ — $ 99,277 $ 14,673 $ — $ 113,950 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows (Continued) Six Months Ended June 30, 2020 (Unaudited) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Supplemental cash flow information: Interest paid $ — $ 20,201 $ — $ — $ 20,201 Income taxes paid, net — 826 309 — 1,135 Supplemental non-cash investing and financing activities: Earn-out shares issued to Platinum Stockholder 18,287 — — — 18,287 Additions to ARO, property and equipment, and other — 41 — — 41 Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end — 3,238 — — 3,238

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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 credit loss, 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 2017, the Financial Accounting Standards Board (“ FASB ASU Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Goodwill and Intangible Assets In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, CECL The Company adopted the CECL standard as of January 1, 2020 through a cumulative effect adjustment of $0.7 million, net of tax, to the opening balance of Accumulated deficit. The adjustment increased Accumulated deficit and increased the Allowance for credit loss accounts. Subsequent impacts to the Allowance for credit loss have been recorded through the Credit loss expense account included within Selling, general and administrative expenses in our condensed consolidated statements of operations and as an Allowance for credit loss on our condensed consolidated balance sheet. See Note 4. Accounts Receivable, Net Accounting Standards Not Yet Adopted In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. On March 12, 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 30, 2020
Pagatelia S.L
Summary of Allocation of Purchase Consideration	The allocation of the purchase consideration is summarized as follows: ($ in thousands) Assets acquired Cash $ 1,086 Other assets 5,047 Trademark 771 Customer relationships 5,946 Developed technology 4,624 Non-compete agreements 440 Goodwill 17,528 Total assets acquired 35,442 Liabilities assumed Accounts payable and accrued expenses 6,045 Deferred tax liability 2,801 Total liabilities assumed 8,846 Total purchase price $ 26,596

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Summary of Accounts Receivable, Net and Activity in Allowance for Credit Loss by Portfolio Segment	The following presents by portfolio segment Accounts receivable, net and the activity in the A llowance for credit loss for the six months ended June 30 , 2020 : ($ in thousands) Commercial Services (Driver-billed) (1) Commercial Services (All other) Government Solutions Total Accounts Receivable, Net at January 1, 2020 (2) $ 9,793 $ 51,158 $ 31,744 $ 92,695 Allowance for credit loss at January 1, 2020 (2) $ 5,272 $ 1,406 $ 1,778 $ 8,456 Credit loss expense 2,744 6,256 1,723 10,723 Write-offs, net of recoveries (5,449 ) (334 ) (466 ) (6,249 ) Allowance for credit loss at June 30, 2020 $ 2,567 $ 7,328 $ 3,035 $ 12,930 Accounts Receivable, Net at June 30, 2020 $ 7,926 $ 48,934 $ 68,392 $ 125,252 (1) Driver-billed consists of receivables from drivers of rental cars and fleet management companies for which the Company bills on behalf of its customers. (2) This includes a $0.8 million increase to Allowance for credit loss as a result of adopting the CECL standard.
Summary of Concentration of Credit Risk	Revenue from one of the Government Solutions customers as a percent of total revenue is presented below for the three and six months ended June 30, 2020 and 2019, respectively: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 City of New York Department of Transportation 40.5 % 12.4 % 31.6 % 10.4 % The City of New York Department of Transportation represents 42.2% of accounts receivable, net as of June 30, 2020. Significant customer revenue generated through the Company’s Commercial Services partners as a percent of total revenue is presented below for the three and six months ended June 30, 2020 and 2019, respectively: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Hertz Corporation (1) 19.6 % 13.0 % 19.0 % Avis Budget Group, Inc. (1) 16.5 % (1) 13.1 % Enterprise Holdings, Inc. (1) 13.5 % (1) 13.7 % (1) Customer revenue 10%

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2020
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) June 30, 2020 December 31, 2019 Prepaid tolls $ 7,947 $ 10,116 Deposits 3,345 3,642 Prepaid services 3,176 5,201 Prepaid computer maintenance 2,559 2,923 Prepaid insurance 841 1,485 Photo enforcement equipment held for sale 416 1,410 Prepaid income taxes 230 1,025 Other 450 689 Total prepaid expenses and other current assets $ 18,964 $ 26,491

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2019 $ 424,404 $ 159,746 $ 584,150 Foreign currency translation adjustment (2,535 ) — (2,535 ) Balance at June 30, 2020 $ 421,869 $ 159,746 $ 581,615
Schedule of Intangible Assets of Respective Period Ends	Intangible assets consist of the following as of the respective period-ends: June 30, 2020 December 31, 2019 Weighted Weighted Average Gross Average Gross Remaining Carrying Accumulated Remaining Carrying Accumulated ($ in thousands) Useful Life Amount Amortization Useful Life Amount Amortization Trademarks 0.9 years $ 32,067 $ 24,209 1.5 years $ 32,127 $ 19,106 Non-compete agreements 2.5 years 62,555 31,119 3.0 years 62,549 24,834 Customer relationships 6.4 years 365,368 103,204 6.9 years 366,533 82,903 Developed technology 2.8 years 165,520 80,615 3.3 years 165,708 65,631 Gross carrying value of intangible assets 625,510 $ 239,147 626,917 $ 192,474 Less: accumulated amortization (239,147 ) (192,474 ) Intangible assets, net $ 386,363 $ 434,443
Estimated Amortization Expense in Future Years	Estimated amortization expense in future years is expected to be: ($ in thousands) Remainder of 2020 $ 46,823 2021 85,379 2022 80,654 2023 52,157 2024 41,671 Thereafter 79,679 Total $ 386,363

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Payables And Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following at: ($ in thousands) June 30, 2020 December 31, 2019 Accrued salaries and wages $ 4,228 $ 10,319 Current portion of related party TRA liability 4,636 5,730 Current portion of operating lease liabilities 2,933 2,970 Advanced deposits payable 2,435 2,875 Income taxes payable 1,952 348 Restricted cash due to customers 711 917 Accrued sales commissions 480 612 Accrued interest payable 173 210 Other 2,022 1,296 Total accrued liabilities $ 19,570 $ 25,277

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of the Company's Debt	The following table provides a summary of the Company’s debt at: ($ in thousands) June 30, 2020 December 31, 2019 First Lien Term Loan, due February 28, 2025 $ 870,194 $ 894,421 Less: original issue discounts (4,469 ) (4,778 ) Less: unamortized deferred financing costs (22,304 ) (23,178 ) Total debt 843,421 866,465 Less: current portion of long-term debt (9,104 ) (28,779 ) Total long-term debt, net of current portion $ 834,317 $ 837,686
Schedule of Consolidated First Lien Net Leverage Ratio and Applicable Prepayment Percentage	In addition, the First Lien Term Loan requires mandatory prepayments equal to the product of the excess cash flows of the Company (as defined in the loan agreement) and the applicable prepayment percentages (calculated as of the last day of the fiscal year, beginning with the year ending December 31, 2019), as set forth in the following table: Consolidated first lien net leverage ratio (as defined by the First Lien Term Loan agreement) Applicable prepayment percentage > 3.70:1.00 50% < 25% < 0%

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Carrying Value and Fair Value of Debt	The carrying value and fair value of debt is as follows: Level in June 30, 2020 December 31, 2019 Fair Value Carrying Estimated Carrying Estimated ($ in thousands) Hierarchy Amount Fair Value Amount Fair Value Total debt 2 $ 843,421 $ 839,737 $ 866,465 $ 905,601

Net (Loss) Income Per Share (Ta

Net (Loss) Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Components of Basic and Diluted Net (Loss) Income Per Share	The components of basic and diluted net (loss) income per share are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share data) 2020 2019 2020 2019 Numerator: Net (loss) income $ (15,388 ) $ 3,591 $ (8,715 ) $ 6,411 Denominator: Weighted average shares - basic 161,710 157,846 161,317 156,956 Common stock equivalents — 4,131 — 2,267 Weighted average shares - diluted 161,710 161,977 161,317 159,223 Net (loss) income per share - basic $ (0.10 ) $ 0.02 $ (0.05 ) $ 0.04 Net (loss) income per share - diluted $ (0.10 ) $ 0.02 $ (0.05 ) $ 0.04 Antidilutive shares excluded from diluted net (loss) income per share (1) Contingently issuable shares (2) 5,000 8,214 5,000 9,107 Warrants 20,000 — 20,000 10,000 Non-qualified stock options 699 — 699 — Performance share units 116 — 116 — Restricted stock units 3,377 — 3,377 43 Total antidilutive shares excluded 29,192 8,214 29,192 19,150 (1) These amounts represent the total antidilutive shares outstanding for the three and six months ended June 30, 2020 and the weighted average antidilutive shares for the three and six months ended June 30, 2019. (2) Contingently issuable shares relate to the earn-out agreement as discussed in Note 14, Related Party Transactions

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Components of Stock Based Compensation Expense	The following details the components of stock-based compensation for the periods presented: Three Months Ended June 30, Six Months Ended June 30, ($ in thousands) 2020 2019 2020 2019 Operating expenses $ 294 $ 272 $ 514 $ 476 Selling, general and administrative expenses 2,977 2,540 5,525 4,479 Total stock-based compensation expense $ 3,271 $ 2,812 $ 6,039 $ 4,955

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Summary of Earn Out Shares Issued by Company to Platinum Stockholder	The Earn-Out Shares are issued by the Company to the Platinum Stockholder as follows: Common Stock Price thresholds One-time issuance of shares > $13.00 (a) 2,500,000 > $15.50 (a) 2,500,000 > $18.00 2,500,000 > $20.50 2,500,000 (a) The first and second tranches of Earn-Out Shares have been issued, as discussed below.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 27,272 $ 35,543 $ — $ 62,815 Product sales — 16,994 — 16,994 Total revenue 27,272 52,537 — 79,809 Cost of service revenue 646 367 — 1,013 Cost of product sales — 9,060 — 9,060 Operating expenses 10,750 15,655 — 26,405 Selling, general and administrative expenses 10,191 7,150 503 17,844 Other income, net (1,507 ) (16 ) — (1,523 ) Segment profit (loss) $ 7,192 $ 20,321 $ (503 ) $ 27,010 Segment profit (loss) $ 7,192 $ 20,321 $ (503 ) $ 27,010 Depreciation and amortization — — 29,159 29,159 Loss on disposal of assets, net 5 2 — 7 Loss from tax receivable agreement adjustment — — 4,446 4,446 Stock-based compensation — — 3,271 3,271 Interest expense, net — — 9,539 9,539 Income (loss) before income tax benefit $ 7,187 $ 20,319 $ (46,918 ) $ (19,412 ) For the Three Months Ended June 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 68,091 $ 34,966 $ — $ 103,057 Product sales — 6,518 — 6,518 Total revenue 68,091 41,484 — 109,575 Cost of service revenue 915 698 — 1,613 Cost of product sales — 2,918 — 2,918 Operating expenses 16,722 14,801 — 31,523 Selling, general and administrative expenses 9,629 7,561 1,135 18,325 Other income, net (3,308 ) (37 ) — (3,345 ) Segment profit (loss) $ 44,133 $ 15,543 $ (1,135 ) $ 58,541 Segment profit (loss) $ 44,133 $ 15,543 $ (1,135 ) $ 58,541 Depreciation and amortization — — 28,865 28,865 Gain on disposal of assets, net — (15 ) — (15 ) Impairment of property and equipment — 5,898 — 5,898 Stock-based compensation — — 2,812 2,812 Interest expense, net — — 15,656 15,656 Income (loss) before income tax provision $ 44,133 $ 9,660 $ (48,468 ) $ 5,325 For the Six Months Ended June 30, 2020 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 88,514 $ 73,798 $ — $ 162,312 Product sales — 34,210 — 34,210 Total revenue 88,514 108,008 — 196,522 Cost of service revenue 1,453 779 — 2,232 Cost of product sales — 17,750 — 17,750 Operating expenses 27,280 31,164 — 58,444 Selling, general and administrative expenses 23,575 16,819 788 41,182 Other income, net (4,396 ) (52 ) — (4,448 ) Segment profit (loss) $ 40,602 $ 41,548 $ (788 ) $ 81,362 Segment profit (loss) $ 40,602 $ 41,548 $ (788 ) $ 81,362 Depreciation and amortization — — 58,409 58,409 Loss (gain) on disposal of assets, net 5 (2 ) — 3 Loss from tax receivable agreement adjustment — — 4,446 4,446 Stock-based compensation — — 6,039 6,039 Interest expense, net — — 21,990 21,990 Income (loss) before income tax benefit $ 40,597 $ 41,550 $ (91,672 ) $ (9,525 ) For the Six Months Ended June 30, 2019 Commercial Government Corporate ($ in thousands) Services Solutions and Other Total Service revenue $ 130,679 $ 70,448 $ — $ 201,127 Product sales — 6,909 — 6,909 Total revenue 130,679 77,357 — 208,036 Cost of service revenue 1,779 1,223 — 3,002 Cost of product sales — 3,194 — 3,194 Operating expenses 31,818 28,839 — 60,657 Selling, general and administrative expenses 20,391 15,411 1,135 36,937 Other income, net (5,478 ) (74 ) — (5,552 ) Segment profit (loss) $ 82,169 $ 28,764 $ (1,135 ) $ 109,798 Segment profit (loss) $ 82,169 $ 28,764 $ (1,135 ) $ 109,798 Depreciation and amortization — — 57,804 57,804 Gain on disposal of assets, net — (13 ) — (13 ) Impairment of property and equipment — 5,898 — 5,898 Stock-based compensation — — 4,955 4,955 Interest expense, net — — 31,689 31,689 Income (loss) before income tax provision $ 82,169 $ 22,879 $ (95,583 ) $ 9,465

Guarantor_Non-Guarantor Finan_2

Guarantor/Non-Guarantor Financial Information (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 98,566 $ 14,673 $ — $ 113,239 Restricted cash — 711 — — 711 Accounts receivable (net of allowance for credit loss of $12.9 million ) — 122,373 2,879 — 125,252 Unbilled receivables — 12,244 288 — 12,532 Investment in subsidiary 162,491 73,069 — (235,560 ) — Prepaid expenses and other current assets — 16,655 2,309 — 18,964 Total current assets 162,491 323,618 20,149 (235,560 ) 270,698 Installation and service parts, net — 8,672 — — 8,672 Property and equipment, net — 69,987 3,617 — 73,604 Operating lease assets — 30,588 345 — 30,933 Intangible assets, net — 360,280 26,083 — 386,363 Goodwill — 524,766 56,849 — 581,615 Due from affiliates 169,259 — — (169,259 ) — Other non-current assets — 3,223 14 — 3,237 Total assets $ 331,750 $ 1,321,134 $ 107,057 $ (404,819 ) $ 1,355,122 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ — $ 26,229 $ 10,117 $ — $ 36,346 Accrued liabilities — 16,546 3,024 — 19,570 Current portion of long-term debt — 9,104 — — 9,104 Total current liabilities — 51,879 13,141 — 65,020 Long-term debt, net of current portion and deferred financing costs — 834,317 — — 834,317 Operating lease liabilities, net of current portion — 29,070 170 — 29,240 Payable to related party pursuant to tax receivable agreement — 65,620 — — 65,620 Due to affiliates — 153,369 15,890 (169,259 ) — Asset retirement obligation — 6,237 — — 6,237 Deferred tax liabilities, net — 17,904 4,787 — 22,691 Other long-term liabilities — 247 — — 247 Total liabilities — 1,158,643 33,988 (169,259 ) 1,023,372 Total stockholders' equity 331,750 162,491 73,069 (235,560 ) 331,750 Total liabilities and stockholders' equity $ 331,750 $ 1,321,134 $ 107,057 $ (404,819 ) $ 1,355,122
Summary of Condensed Consolidated Statements of Operations and Comprehensive Loss	Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss Three Months Ended June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Service revenue $ — $ 59,784 $ 3,031 $ — $ 62,815 Product sales — 16,994 — — 16,994 Total revenue — 76,778 3,031 — 79,809 Cost of service revenue — 451 562 — 1,013 Cost of product sales — 9,060 — — 9,060 Operating expenses — 24,926 1,773 — 26,699 Selling, general and administrative expenses — 19,649 1,172 — 20,821 Depreciation, amortization and (gain) loss on disposal of assets, net — 27,876 1,290 — 29,166 Total costs and expenses — 81,962 4,797 — 86,759 Loss from operations — (5,184 ) (1,766 ) — (6,950 ) Loss from equity investment 15,388 1,521 — (16,909 ) — Interest expense, net — 9,540 (1 ) — 9,539 Loss from tax receivable agreement adjustment — 4,446 — — 4,446 Other income, net — (1,494 ) (29 ) — (1,523 ) Total other expenses (income) 15,388 14,013 (30 ) (16,909 ) 12,462 Loss before income tax benefit (15,388 ) (19,197 ) (1,736 ) 16,909 (19,412 ) Income tax benefit — (3,809 ) (215 ) — (4,024 ) Net loss $ (15,388 ) $ (15,388 ) $ (1,521 ) $ 16,909 $ (15,388 ) Other comprehensive loss: Change in foreign currency translation adjustment — — (508 ) — (508 ) Total comprehensive loss $ (15,388 ) $ (15,388 ) $ (2,029 ) $ 16,909 $ (15,896 ) Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Loss Six Months Ended June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Service revenue $ — $ 155,434 $ 6,878 $ — $ 162,312 Product sales — 34,210 — — 34,210 Total revenue — 189,644 6,878 — 196,522 Cost of service revenue — 1,119 1,113 — 2,232 Cost of product sales — 17,750 — — 17,750 Operating expenses — 55,504 3,454 — 58,958 Selling, general and administrative expenses — 43,624 3,083 — 46,707 Depreciation, amortization and (gain) loss on disposal of assets, net — 55,871 2,541 — 58,412 Total costs and expenses — 173,868 10,191 — 184,059 Income (loss) from operations — 15,776 (3,313 ) — 12,463 Loss from equity investment 8,715 2,828 — (11,543 ) — Interest expense, net — 22,002 (12 ) — 21,990 Loss from tax receivable agreement adjustment — 4,446 — — 4,446 Other income, net — (4,381 ) (67 ) — (4,448 ) Total other expenses (income) 8,715 24,895 (79 ) (11,543 ) 21,988 Loss before income tax benefit (8,715 ) (9,119 ) (3,234 ) 11,543 (9,525 ) Income tax benefit — (404 ) (406 ) — (810 ) Net loss $ (8,715 ) $ (8,715 ) $ (2,828 ) $ 11,543 $ (8,715 ) Other comprehensive loss: Change in foreign currency translation adjustment — — (3,875 ) — (3,875 ) Total comprehensive loss $ (8,715 ) $ (8,715 ) $ (6,703 ) $ 11,543 $ (12,590 )
Summary of Condensed Consolidated Statements of Cash Flows	Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2020 (Unaudited) ($ in thousands) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Cash Flows from Operating Activities: Net loss $ (8,715 ) $ (8,715 ) $ (2,828 ) $ 11,543 $ (8,715 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization — 55,873 2,536 — 58,409 Amortization of deferred financing costs and discounts — 2,106 — — 2,106 Loss from tax receivable agreement adjustment — 4,446 — — 4,446 Credit loss expense — 10,723 — — 10,723 Deferred income taxes — (1,869 ) (627 ) — (2,496 ) Stock-based compensation — 6,039 — — 6,039 Installation and service parts expense — 559 — — 559 Accretion expense — 129 — — 129 (Gain) loss on disposal of assets — (2 ) 5 — 3 Loss from equity investment 8,715 2,828 — (11,543 ) — Changes in operating assets and liabilities: Accounts receivable, net — (44,969 ) 1,786 — (43,183 ) Unbilled receivables — 7,073 403 — 7,476 Prepaid expenses and other current assets — 8,008 (29 ) — 7,979 Accounts payable and accrued liabilities — (13,865 ) (3,998 ) — (17,863 ) Due to affiliates — (2,027 ) 2,027 — — Other liabilities — (3,069 ) — — (3,069 ) Net cash provided by (used in) operating activities — 23,268 (725 ) — 22,543 Cash Flows from Investing Activities: Purchases of installation and service parts and property and equipment — (12,825 ) (1,476 ) — (14,301 ) Cash proceeds from the sale of assets — 49 — — 49 Net cash used in investing activities — (12,776 ) (1,476 ) — (14,252 ) Cash Flows from Financing Activities: Repayment of long-term debt — (24,227 ) — — (24,227 ) Payment of debt issuance costs — (922 ) — — (922 ) Payment of employee tax withholding related to RSU vesting — (352 ) — — (352 ) Net cash used in financing activities — (25,501 ) — — (25,501 ) Effect of exchange rate changes on cash and cash equivalents — — (1,270 ) — (1,270 ) Net decrease in cash, cash equivalents and restricted cash — (15,009 ) (3,471 ) — (18,480 ) Cash, cash equivalents and restricted cash - beginning of period — 114,286 18,144 — 132,430 Cash, cash equivalents and restricted cash - end of period $ — $ 99,277 $ 14,673 $ — $ 113,950 Verra Mobility Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows (Continued) Six Months Ended June 30, 2020 (Unaudited) Verra Mobility Corporation (Ultimate Parent) VM Consolidated Inc. (Guarantor Subsidiary) Non- guarantor Subsidiaries Eliminations Consolidated Supplemental cash flow information: Interest paid $ — $ 20,201 $ — $ — $ 20,201 Income taxes paid, net — 826 309 — 1,135 Supplemental non-cash investing and financing activities: Earn-out shares issued to Platinum Stockholder 18,287 — — — 18,287 Additions to ARO, property and equipment, and other — 41 — — 41 Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end — 3,238 — — 3,238

Description of Business - Addit

Description of Business - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020Segment
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of operating segments	2

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details) $ in Millions	Jan. 01, 2020USD ($)
Accounting Standards Update 2016-13
Summary Of Significant Accounting Principles And Policies [Line Items]
Adjustment to accumulated deficit	$ 0.7

Acquisition - Additional Inform

Acquisition - Additional Information (Details) - Pagatelia S.L $ in Millions	Oct. 31, 2019USD ($)
Business Acquisition [Line Items]
Purchase price	$ 26.6
Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets useful life	8 years 6 months
Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets useful life	9 years 6 months
Developed Technology
Business Acquisition [Line Items]
Identifiable intangible assets useful life	6 years 6 months
Non-compete Agreements
Business Acquisition [Line Items]
Identifiable intangible assets useful life	3 years

Acquisition - Summary of Alloca

Acquisition - Summary of Allocation of Purchase Consideration (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Oct. 31, 2019
Assets acquired
Goodwill	$ 581,615	$ 584,150
Pagatelia S.L
Assets acquired
Cash			$ 1,086
Other assets			5,047
Goodwill			17,528
Total assets acquired			35,442
Liabilities assumed
Accounts payable and accrued expenses			6,045
Deferred tax liability			2,801
Total liabilities assumed			8,846
Total purchase price			26,596
Trademarks | Pagatelia S.L
Assets acquired
Intangible assets			771
Customer Relationships | Pagatelia S.L
Assets acquired
Intangible assets			5,946
Developed Technology | Pagatelia S.L
Assets acquired
Intangible assets			4,624
Non-compete Agreements | Pagatelia S.L
Assets acquired
Intangible assets			$ 440

Accounts Receivable, Net - Summ

Accounts Receivable, Net - Summary of Accounts Receivable, Net and Activity in Allowance for Credit Loss by Portfolio Segment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Accounts Notes And Loans Receivable [Line Items]
Accounts Receivable, Net, beginning balance	$ 92,695
Allowance for credit loss, beginning balance	8,456
Credit loss expense	10,723	$ 2,736
Write-offs, net of recoveries	(6,249)
Allowance for credit loss, ending balance	12,930
Accounts Receivable, Net, ending balance	125,252
Commercial Services (Driver Billed)
Accounts Notes And Loans Receivable [Line Items]
Accounts Receivable, Net, beginning balance	9,793
Allowance for credit loss, beginning balance	5,272
Credit loss expense	2,744
Write-offs, net of recoveries	(5,449)
Allowance for credit loss, ending balance	2,567
Accounts Receivable, Net, ending balance	7,926
Commercial Services (All Other)
Accounts Notes And Loans Receivable [Line Items]
Accounts Receivable, Net, beginning balance	51,158
Allowance for credit loss, beginning balance	1,406
Credit loss expense	6,256
Write-offs, net of recoveries	(334)
Allowance for credit loss, ending balance	7,328
Accounts Receivable, Net, ending balance	48,934
Government Solutions
Accounts Notes And Loans Receivable [Line Items]
Accounts Receivable, Net, beginning balance	31,744
Allowance for credit loss, beginning balance	1,778
Credit loss expense	1,723
Write-offs, net of recoveries	(466)
Allowance for credit loss, ending balance	3,035
Accounts Receivable, Net, ending balance	$ 68,392

Accounts Receivable, Net - Su_2

Accounts Receivable, Net - Summary of Accounts Receivable, Net and Activity in Allowance for Credit Loss by Portfolio Segment (Parenthetical) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Allowance For Doubtful Accounts Receivable Rollforward
Allowance for credit loss increase	$ 0.8

Accounts Receivable, Net - Addi

Accounts Receivable, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Accounts Notes And Loans Receivable [Line Items]
Estimated credit loss expense includes specific provision		$ 10,723	$ 2,736
Sales Revenue
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage	10.00%	10.00%
Sales Revenue | Minimum | Customer Concentration Risk
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage		10.00%
Accounts Receivable | Customer Concentration Risk | City of New York Department of Transportation
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage		42.20%
Accounts Receivable | Minimum | Customer Concentration Risk
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage		10.00%
One Customer of Commercial Services (All Other)
Accounts Notes And Loans Receivable [Line Items]
Estimated credit loss expense includes specific provision		$ 3,500

Accounts Receivable, Net - Su_3

Accounts Receivable, Net - Summary of Concentration of Credit Risk (Details) - Sales Revenue	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage	10.00%		10.00%
Customer Concentration Risk | Government Solutions | City of New York Department of Transportation
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage	40.50%	12.40%	31.60%	10.40%
Customer Concentration Risk | Commercial Services | Hertz Corporation
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage		19.60%	13.00%	19.00%
Customer Concentration Risk | Commercial Services | Avis Budget Group Inc
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage		16.50%		13.10%
Customer Concentration Risk | Commercial Services | Enterprise Holdings Inc
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage		13.50%		13.70%

Accounts Receivable, Net - Su_4

Accounts Receivable, Net - Summary of Concentration of Credit Risk (Parenthetical) (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Sales Revenue
Accounts Notes And Loans Receivable [Line Items]
Concentration risk percentage	10.00%	10.00%

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Prepaid Expense And Other Assets Current [Abstract]
Prepaid tolls	$ 7,947	$ 10,116
Deposits	3,345	3,642
Prepaid services	3,176	5,201
Prepaid computer maintenance	2,559	2,923
Prepaid insurance	841	1,485
Photo enforcement equipment held for sale	416	1,410
Prepaid income taxes	230	1,025
Other	450	689
Total prepaid expenses and other current assets	$ 18,964	$ 26,491

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill by Reportable Segment (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Goodwill [Line Items]
Balance	$ 584,150
Foreign currency translation adjustment	(2,535)
Balance	581,615
Commercial Services
Goodwill [Line Items]
Balance	424,404
Foreign currency translation adjustment	(2,535)
Balance	421,869
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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 625,510	$ 626,917
Accumulated Amortization	239,147	192,474
Less: accumulated amortization	(239,147)	(192,474)
Intangible assets, net	$ 386,363	$ 434,443
Trademarks
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	10 months 24 days	1 year 6 months
Gross Carrying Amount	$ 32,067	$ 32,127
Accumulated Amortization	24,209	19,106
Less: accumulated amortization	$ (24,209)	$ (19,106)
Non-compete Agreements
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	2 years 6 months	3 years
Gross Carrying Amount	$ 62,555	$ 62,549
Accumulated Amortization	31,119	24,834
Less: accumulated amortization	$ (31,119)	$ (24,834)
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	6 years 4 months 24 days	6 years 10 months 24 days
Gross Carrying Amount	$ 365,368	$ 366,533
Accumulated Amortization	103,204	82,903
Less: accumulated amortization	$ (103,204)	$ (82,903)
Developed Technology
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life	2 years 9 months 18 days	3 years 3 months 18 days
Gross Carrying Amount	$ 165,520	$ 165,708
Accumulated Amortization	80,615	65,631
Less: accumulated amortization	$ (80,615)	$ (65,631)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 23.5	$ 23.1	$ 47.1	$ 46.3

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Amortization Expense in Future Years (Details) $ in Thousands	Jun. 30, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2020	$ 46,823
2021	85,379
2022	80,654
2023	52,157
2024	41,671
Thereafter	79,679
Total	$ 386,363

Impairment of Other Long-live_2

Impairment of Other Long-lived Assets - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property Plant And Equipment [Line Items]
Impairment other long-lived assets		$ 0
Impairment of property and equipment	$ 5,898,000		$ 5,898,000
Government Solutions
Property Plant And Equipment [Line Items]
Impairment of property and equipment	$ 5,900,000		$ 5,900,000

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Payables And Accruals [Abstract]
Accrued salaries and wages	$ 4,228	$ 10,319
Current portion of related party TRA liability	4,636	5,730
Current portion of operating lease liabilities	2,933	2,970
Advanced deposits payable	2,435	2,875
Income taxes payable	1,952	348
Restricted cash due to customers	711	917
Accrued sales commissions	480	612
Accrued interest payable	173	210
Other	2,022	1,296
Total accrued liabilities	$ 19,570	$ 25,277

Debt - Summary of the Company's

Debt - Summary of the Company's Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
First Lien Term Loan, due February 28, 2025	$ 870,194	$ 894,421
Less: original issue discounts	(4,469)	(4,778)
Less: unamortized deferred financing costs	(22,304)	(23,178)
Total debt	843,421	866,465
Less: current portion of long-term debt	(9,104)	(28,779)
Long-term debt, net of current portion and deferred financing costs	$ 834,317	$ 837,686

Debt - Summary of the Company_2

Debt - Summary of the Company's Debt (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2020
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 ($)	Feb. 20, 2020	Oct. 17, 2018	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Jul. 31, 2018
Debt Instrument [Line Items]
Debt Instrument, interest rate	0.50%
Outstanding letters of credit			$ 6,300,000			$ 6,300,000
Debt instrument, periodic payment, interest rate			0.375%			0.375%
Debt instrument fronting fees						$ 6,300,000
Participation and fronting fees percentage on outstanding letter of credit						1.38%
Interest expense including amortization of deferred financing costs and discounts			$ 9,500,000		$ 15,700,000	$ 22,000,000	$ 31,700,000
Weighted average effective interest rates			3.60%			3.60%		5.50%
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			3.60%			3.60%
Debt instrument fee amount			$ 800,000			$ 800,000
Debt instrument legal fees						$ 200,000
First Lien Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument interest rate per annum						3.25%
First Lien Term Loan | Base Rate
Debt Instrument [Line Items]
Debt instrument interest rate per annum						2.25%
Revolver
Debt Instrument [Line Items]
Mandatory prepayment of excess cash flow under loan agreement				$ 19,700,000
Outstanding borrowings			0			$ 0
Debt instrument borrow under new revolver			68,700,000			68,700,000
Outstanding letters of credit			$ 6,300,000			$ 6,300,000
Revolver | LIBOR 1.25%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						1.25%
Revolver | LIBOR 1.50%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						1.50%
Revolver | LIBOR 1.75%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						1.75%
Revolver | Base Rate 0.25%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						0.25%
Revolver | Base Rate 0.50%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						0.50%
Revolver | Base Rate 0.75%
Debt Instrument [Line Items]
Debt instrument interest rate per annum						0.75%
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 | Second Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount		$ 200,000,000
Additional repayments of lines of credit		$ 70,000,000
2018 Credit Facilities | Minimum | First Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount									840,000,000
2018 Credit Facilities | Maximum | First Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount									$ 910,000,000

Debt - Schedule of Consolidated

Debt - Schedule of Consolidated First Lien Net Leverage Ratio and Applicable Prepayment Percentage (Details) - First Lien Term Loan	6 Months Ended
	Jun. 30, 2020
> 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 of Financial Instr_3

Fair Value of Financial Instruments - Carrying Value and Fair Value of Debt (Details) - Level 2 - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Carrying Amount
Debt Instrument [Line Items]
Total debt	$ 843,421	$ 866,465
Estimated Fair Value
Debt Instrument [Line Items]
Total debt	$ 839,737	$ 905,601

Net (Loss) Income Per Share - S

Net (Loss) Income Per Share - Schedule of Components of Basic and Diluted Net (Loss) Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net (loss) income	$ (15,388)	$ 6,673	$ 3,591	$ 2,820	$ (8,715)	$ 6,411
Weighted average shares used in per share calculation:
Weighted average shares - basic	161,710		157,846		161,317	156,956
Common stock equivalents			4,131			2,267
Weighted average shares - diluted	161,710		161,977		161,317	159,223
Net (loss) income per share - basic	$ (0.10)		$ 0.02		$ (0.05)	$ 0.04
Net (loss) income per share - diluted	$ (0.10)		$ 0.02		$ (0.05)	$ 0.04
Antidilutive shares excluded from diluted net (loss) income per share:
Total antidilutive shares excluded	29,192		8,214		29,192	19,150
Contingently Issuable Shares
Antidilutive shares excluded from diluted net (loss) income per share:
Total antidilutive shares excluded	5,000		8,214		5,000	9,107
Warrants
Antidilutive shares excluded from diluted net (loss) income per share:
Total antidilutive shares excluded	20,000				20,000	10,000
Non-qualified Stock Options
Antidilutive shares excluded from diluted net (loss) income per share:
Total antidilutive shares excluded	699				699
Performance Share Units
Antidilutive shares excluded from diluted net (loss) income per share:
Total antidilutive shares excluded	116				116
Restricted Stock Units
Antidilutive shares excluded from diluted net (loss) income per share:
Total antidilutive shares excluded	3,377				3,377	43

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2020
Income Tax [Line Items]
Effective tax rate	20.70%	32.60%	8.50%	32.30%
Unrecognized tax benefits	$ 800,000		$ 800,000
Unrecognized tax benefits, if recognized	700,000		$ 700,000
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			2019
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			2019
Scenario Forecast
Income Tax [Line Items]
Unrecognized tax benefits decreased from prior tax positions					$ 900,000
Maximum
Income Tax [Line Items]
Percent of adjusted taxable income with regard to CARES Act			50.00%
Accrued interest and penalties	$ 100,000		$ 100,000

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Components of Stock Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 3,271	$ 2,812	$ 6,039	$ 4,955
Operating Expenses
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	294	272	514	476
Selling, General and Administrative Expenses
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 2,977	$ 2,540	$ 5,525	$ 4,479

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) $ / shares in Units, $ in Thousands	Jan. 27, 2020USD ($)$ / shares	Apr. 26, 2019$ / shares	Jun. 30, 2020USD ($)yr$ / sharesshares	Dec. 31, 2019USD ($)	Oct. 01, 2018USD ($)
Related Party Transaction [Line Items]
Estimated maximum benefit to be paid to tax receivable agreement			$ 65,620	$ 61,174
Platinum Stockholder | Common Stock Price Greater than $13.00 and $15.50
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met | shares			5,000,000
Platinum Stockholder | Common Stock Price Greater than $13.00 and $15.50 | Common Stock Including Additional Paid in Capital
Related Party Transaction [Line Items]
Earn-out shares issued value	$ 36,600
Platinum Stockholder | Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Common stock price | $ / shares		$ 13
Platinum Stockholder | Common Stock Price Greater than $15.50
Related Party Transaction [Line Items]
Common stock price | $ / shares	$ 15.50
Platinum Stockholder | Earn-Out Agreement | Earn-Out Scenario Five
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met | shares			0
Platinum Stockholder | Earn-Out Agreement | Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Earn-out shares issuable if condition met | shares			2,500,000
Common stock price | $ / shares			$ 13
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
Minimum | Platinum Stockholder | Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Common stock price threshold trading days		10 days
Minimum | Platinum Stockholder | Common Stock Price Greater than $15.50
Related Party Transaction [Line Items]
Common stock price threshold trading days	10 days
Maximum | Platinum Stockholder | Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Common stock price threshold trading days		20 days
Maximum | Platinum Stockholder | Common Stock Price Greater than $15.50
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
Increase to payable related to tax receivable agreement adjustment			4,400
Tax receivable agreement, amount payable			$ 70,200
Contingency period			5 years
Verra Mobility Business Combination | Platinum Stockholder | Earn-Out Agreement
Related Party Transaction [Line Items]
Contingent consideration					$ 73,150
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			$ 4,600
Verra Mobility Business Combination | Payable Related to Tax Receivable Agreement
Related Party Transaction [Line Items]
Tax receivable agreement, amount payable			$ 65,600

Related Party Transactions - Su

Related Party Transactions - Summary of Earn Out Shares Issued by Company to Platinum Stockholder (Details) - Platinum Stockholder - $ / shares	6 Months Ended
	Jun. 30, 2020	Jan. 27, 2020	Apr. 26, 2019
Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Common Stock Price thresholds			$ 13
Common Stock Price Greater than $15.50
Related Party Transaction [Line Items]
Common Stock Price thresholds		$ 15.50
Earn-Out Agreement | Common Stock Price Greater than $13.00
Related Party Transaction [Line Items]
Common Stock Price thresholds	$ 13
One-time issuance of shares	2,500,000
Earn-Out Agreement | Common Stock Price Greater than $15.50
Related Party Transaction [Line Items]
Common Stock Price thresholds	$ 15.50
One-time issuance of shares	2,500,000
Earn-Out Agreement | Common Stock Price Greater than $18.00
Related Party Transaction [Line Items]
Common Stock Price thresholds	$ 18
One-time issuance of shares	2,500,000
Earn-Out Agreement | Common Stock Price Greater than $20.50
Related Party Transaction [Line Items]
Common Stock Price thresholds	$ 20.50
One-time issuance of shares	2,500,000

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2021Guarantee
Loss Contingencies [Line Items]
Letters of Credit Outstanding	$ 6,300,000
Non-cancelable purchase commitments outstanding	$ 16,000,000
Guarantee triggering events, description	In the ordinary course of business, the Company occasionally employs contract terms that mitigate the customer’s risk of aggregate revenue decline in connection with the customer’s adoption of additional or changes to service models within its existing portfolio. These agreements require the customer to satisfy numerous conditions to trigger payment, including volume metrics and other operational requirements.
Guarantee liability	$ 0
Contra revenue	0
Accrued exit costs related to severance and other employee separation costs	400,000
Commercial Services
Loss Contingencies [Line Items]
Accrued exit costs related to severance and other employee separation costs	$ 500,000
Scenario Forecast
Loss Contingencies [Line Items]
Guarantee outstanding | Guarantee		1
Guarantee outstanding period		1 year

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020Segment
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 79,809	$ 109,575	$ 196,522	$ 208,036
Operating expenses	26,405	31,523	58,444	60,657
Selling, general and administrative expenses	17,844	18,325	41,182	36,937
Other income, net	(1,523)	(3,345)	(4,448)	(5,552)
Segment profit (loss)	(6,950)	17,636	12,463	35,602
Depreciation and amortization	29,159	28,865	58,409	57,804
Loss (gain) on disposal of assets, net	7	(15)	3	(13)
Loss from tax receivable agreement adjustment	4,446		4,446
Stock-based compensation	3,271	2,812	6,039	4,955
Interest expense, net	9,539	15,656	21,990	31,689
Income (loss) before income tax benefit, provision	(19,412)	5,325	(9,525)	9,465
Impairment of property and equipment		5,898		5,898
Government Solutions
Segment Reporting Information [Line Items]
Impairment of property and equipment		5,900		5,900
Service Revenue
Segment Reporting Information [Line Items]
Total revenue	62,815	103,057	162,312	201,127
Cost of revenue	1,013	1,613	2,232	3,002
Product Sales
Segment Reporting Information [Line Items]
Total revenue	16,994	6,518	34,210	6,909
Cost of revenue	9,060	2,918	17,750	3,194
Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	27,010	58,541	81,362	109,798
Operating Segments | Government Solutions
Segment Reporting Information [Line Items]
Total revenue	52,537	41,484	108,008	77,357
Operating expenses	15,655	14,801	31,164	28,839
Selling, general and administrative expenses	7,150	7,561	16,819	15,411
Other income, net	(16)	(37)	(52)	(74)
Segment profit (loss)	20,321	15,543	41,548	28,764
Loss (gain) on disposal of assets, net	2	(15)	(2)	(13)
Income (loss) before income tax benefit, provision	20,319	9,660	41,550	22,879
Impairment of property and equipment		5,898		5,898
Operating Segments | Commercial Services
Segment Reporting Information [Line Items]
Total revenue	27,272	68,091	88,514	130,679
Operating expenses	10,750	16,722	27,280	31,818
Selling, general and administrative expenses	10,191	9,629	23,575	20,391
Other income, net	(1,507)	(3,308)	(4,396)	(5,478)
Segment profit (loss)	7,192	44,133	40,602	82,169
Loss (gain) on disposal of assets, net	5		5
Income (loss) before income tax benefit, provision	7,187	44,133	40,597	82,169
Operating Segments | Service Revenue | Government Solutions
Segment Reporting Information [Line Items]
Total revenue	35,543	34,966	73,798	70,448
Cost of revenue	367	698	779	1,223
Operating Segments | Service Revenue | Commercial Services
Segment Reporting Information [Line Items]
Total revenue	27,272	68,091	88,514	130,679
Cost of revenue	646	915	1,453	1,779
Operating Segments | Product Sales | Government Solutions
Segment Reporting Information [Line Items]
Total revenue	16,994	6,518	34,210	6,909
Cost of revenue	9,060	2,918	17,750	3,194
Corporate and Other
Segment Reporting Information [Line Items]
Selling, general and administrative expenses	503	1,135	788	1,135
Segment profit (loss)	(503)	(1,135)	(788)	(1,135)
Depreciation and amortization	29,159	28,865	58,409	57,804
Loss from tax receivable agreement adjustment	4,446		4,446
Stock-based compensation	3,271	2,812	6,039	4,955
Interest expense, net	9,539	15,656	21,990	31,689
Income (loss) before income tax benefit, provision	$ (46,918)	$ (48,468)	$ (91,672)	$ (95,583)

Guarantor_Non-Guarantor Finan_3

Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 113,239		$ 131,513
Restricted cash	711		917
Accounts receivable (net of allowance for credit loss of $12.9 million at June 30, 2020)	125,252		93,514
Unbilled receivables	12,532		20,003
Prepaid expenses and other current assets	18,964		26,491
Total current assets	270,698		272,438
Installation and service parts, net	8,672		8,841
Property and equipment, net	73,604		72,266
Operating lease assets	30,933		32,177
Intangible assets, net	386,363		434,443
Goodwill	581,615		584,150
Other non-current assets	3,237		3,111
Total assets	1,355,122		1,407,426
Current liabilities:
Accounts payable	36,346		50,825
Accrued liabilities	19,570		25,277
Current portion of long-term debt	9,104		28,779
Total current liabilities	65,020		104,881
Long-term debt, net of current portion and deferred financing costs	834,317
Operating lease liabilities, net of current portion	29,240		30,130
Payable to related party pursuant to tax receivable agreement	65,620		61,174
Asset retirement obligation	6,237		6,309
Deferred tax liabilities, net	22,691		25,716
Other long-term liabilities	247
Total liabilities	1,023,372		1,068,079
Total stockholders' equity	331,750	$ 344,400	339,347	$ 309,828	$ 304,821	$ 302,056
Total liabilities and stockholders' equity	1,355,122		$ 1,407,426
Verra Mobility Corporation (Ultimate Parent)
Current assets:
Investment in subsidiary	162,491
Total current assets	162,491
Due from affiliates	169,259
Total assets	331,750
Current liabilities:
Total stockholders' equity	331,750
Total liabilities and stockholders' equity	331,750
VM Consolidated Inc. (Guarantor Subsidiary)
Current assets:
Cash and cash equivalents	98,566
Restricted cash	711
Accounts receivable (net of allowance for credit loss of $12.9 million at June 30, 2020)	122,373
Unbilled receivables	12,244
Investment in subsidiary	73,069
Prepaid expenses and other current assets	16,655
Total current assets	323,618
Installation and service parts, net	8,672
Property and equipment, net	69,987
Operating lease assets	30,588
Intangible assets, net	360,280
Goodwill	524,766
Other non-current assets	3,223
Total assets	1,321,134
Current liabilities:
Accounts payable	26,229
Accrued liabilities	16,546
Current portion of long-term debt	9,104
Total current liabilities	51,879
Long-term debt, net of current portion and deferred financing costs	834,317
Operating lease liabilities, net of current portion	29,070
Payable to related party pursuant to tax receivable agreement	65,620
Due to affiliates	153,369
Asset retirement obligation	6,237
Deferred tax liabilities, net	17,904
Other long-term liabilities	247
Total liabilities	1,158,643
Total stockholders' equity	162,491
Total liabilities and stockholders' equity	1,321,134
Non-guarantor Subsidiaries
Current assets:
Cash and cash equivalents	14,673
Accounts receivable (net of allowance for credit loss of $12.9 million at June 30, 2020)	2,879
Unbilled receivables	288
Prepaid expenses and other current assets	2,309
Total current assets	20,149
Property and equipment, net	3,617
Operating lease assets	345
Intangible assets, net	26,083
Goodwill	56,849
Other non-current assets	14
Total assets	107,057
Current liabilities:
Accounts payable	10,117
Accrued liabilities	3,024
Total current liabilities	13,141
Operating lease liabilities, net of current portion	170
Due to affiliates	15,890
Deferred tax liabilities, net	4,787
Total liabilities	33,988
Total stockholders' equity	73,069
Total liabilities and stockholders' equity	107,057
Eliminations
Current assets:
Investment in subsidiary	(235,560)
Total current assets	(235,560)
Due from affiliates	(169,259)
Total assets	(404,819)
Current liabilities:
Due to affiliates	(169,259)
Total liabilities	(169,259)
Total stockholders' equity	(235,560)
Total liabilities and stockholders' equity	$ (404,819)

Guarantor_Non-Guarantor Finan_4

Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Balance Sheets (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Allowance for credit loss	$ 12,930	$ 8,456

Guarantor_Non-Guarantor Finan_5

Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Statements of Operations and Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Statement Of Income Captions [Line Items]
Total revenue	$ 79,809		$ 109,575		$ 196,522	$ 208,036
Operating expenses	26,699		31,795		58,958	61,133
Selling, general and administrative expenses	20,821		20,865		46,707	41,416
Depreciation, amortization and (gain) loss on disposal of assets, net	29,166		28,850		58,412	57,791
Total costs and expenses	86,759		91,939		184,059	172,434
(Loss) income from operations	(6,950)		17,636		12,463	35,602
Interest expense, net	9,539		15,656		21,990	31,689
Loss from tax receivable agreement adjustment	4,446				4,446
Other income, net	(1,523)		(3,345)		(4,448)	(5,552)
Total other expenses	12,462		12,311		21,988	26,137
(Loss) income before income tax (benefit) provision	(19,412)		5,325		(9,525)	9,465
Income tax (benefit) provision	(4,024)		1,734		(810)	3,054
Net (loss) income	(15,388)	$ 6,673	3,591	$ 2,820	(8,715)	6,411
Other comprehensive loss:
Change in foreign currency translation adjustment	(508)		(1,396)		(3,875)	(72)
Total comprehensive (loss) income	(15,896)		2,195		(12,590)	6,339
Verra Mobility Corporation (Ultimate Parent)
Condensed Statement Of Income Captions [Line Items]
Loss from equity investment	15,388				8,715
Total other expenses	15,388				8,715
(Loss) income before income tax (benefit) provision	(15,388)				(8,715)
Net (loss) income	(15,388)				(8,715)
Other comprehensive loss:
Total comprehensive (loss) income	(15,388)				(8,715)
VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue	76,778				189,644
Operating expenses	24,926				55,504
Selling, general and administrative expenses	19,649				43,624
Depreciation, amortization and (gain) loss on disposal of assets, net	27,876				55,871
Total costs and expenses	81,962				173,868
(Loss) income from operations	(5,184)				15,776
Loss from equity investment	1,521				2,828
Interest expense, net	9,540				22,002
Loss from tax receivable agreement adjustment	4,446				4,446
Other income, net	(1,494)				(4,381)
Total other expenses	14,013				24,895
(Loss) income before income tax (benefit) provision	(19,197)				(9,119)
Income tax (benefit) provision	(3,809)				(404)
Net (loss) income	(15,388)				(8,715)
Other comprehensive loss:
Total comprehensive (loss) income	(15,388)				(8,715)
Non-guarantor Subsidiaries
Condensed Statement Of Income Captions [Line Items]
Total revenue	3,031				6,878
Operating expenses	1,773				3,454
Selling, general and administrative expenses	1,172				3,083
Depreciation, amortization and (gain) loss on disposal of assets, net	1,290				2,541
Total costs and expenses	4,797				10,191
(Loss) income from operations	(1,766)				(3,313)
Interest expense, net	(1)				(12)
Other income, net	(29)				(67)
Total other expenses	(30)				(79)
(Loss) income before income tax (benefit) provision	(1,736)				(3,234)
Income tax (benefit) provision	(215)				(406)
Net (loss) income	(1,521)				(2,828)
Other comprehensive loss:
Change in foreign currency translation adjustment	(508)				(3,875)
Total comprehensive (loss) income	(2,029)				(6,703)
Eliminations
Condensed Statement Of Income Captions [Line Items]
Loss from equity investment	(16,909)				(11,543)
Total other expenses	(16,909)				(11,543)
(Loss) income before income tax (benefit) provision	16,909				11,543
Net (loss) income	16,909				11,543
Other comprehensive loss:
Total comprehensive (loss) income	16,909				11,543
Service Revenue
Condensed Statement Of Income Captions [Line Items]
Total revenue	62,815		103,057		162,312	201,127
Cost of revenue	1,013		1,613		2,232	3,002
Service Revenue | VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue	59,784				155,434
Cost of revenue	451				1,119
Service Revenue | Non-guarantor Subsidiaries
Condensed Statement Of Income Captions [Line Items]
Total revenue	3,031				6,878
Cost of revenue	562				1,113
Product Sales
Condensed Statement Of Income Captions [Line Items]
Total revenue	16,994		6,518		34,210	6,909
Cost of revenue	9,060		$ 2,918		17,750	$ 3,194
Product Sales | VM Consolidated Inc. (Guarantor Subsidiary)
Condensed Statement Of Income Captions [Line Items]
Total revenue	16,994				34,210
Cost of revenue	$ 9,060				$ 17,750

Guarantor_Non-Guarantor Finan_6

Guarantor/Non-Guarantor Financial Information - Summary of Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net (loss) income			$ (8,715)	$ 6,411
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	$ 29,159	$ 28,865	58,409	57,804
Amortization of deferred financing costs and discounts			2,106
Loss from tax receivable agreement adjustment	4,446		4,446
Credit loss expense			10,723	2,736
Deferred income taxes			(2,496)	(11,568)
Stock-based compensation	3,271	2,812	6,039	4,955
Installation and service parts expense			559	643
Accretion expense			129	183
(Gain) loss on disposal of assets			3	(13)
Changes in operating assets and liabilities:
Accounts receivable, net			(43,183)	(21,433)
Unbilled receivables			7,476	(616)
Prepaid expenses and other current assets			7,979	(4,199)
Accounts payable and accrued liabilities			(17,863)	5,224
Other liabilities			(3,069)	(3,833)
Net cash provided by operating activities			22,543	45,781
Cash Flows from Investing Activities:
Purchases of installation and service parts and property and equipment			(14,301)	(14,192)
Cash proceeds from the sale of assets			49
Net cash used in investing activities			(14,252)	(14,178)
Cash Flows from Financing Activities:
Repayment of long-term debt			(24,227)	(4,552)
Payment of debt issuance costs			(922)	(152)
Payment of employee tax withholding related to RSU vesting			(352)
Net cash used in financing activities			(25,501)	(4,704)
Effect of exchange rate changes on cash and cash equivalents			(1,270)
Net (decrease) increase in cash, cash equivalents and restricted cash			(18,480)	26,909
Cash, cash equivalents and restricted cash - beginning of period			132,430	67,081
Cash, cash equivalents and restricted cash - end of period	113,950	$ 93,990	113,950	93,990
Supplemental cash flow information:
Interest paid			20,201	28,144
Income taxes paid, net			1,135	15,448
Supplemental non-cash investing and financing activities:
Earn-out shares issued to Platinum Stockholder			18,287	18,288
Additions to ARO, property and equipment, and other			41	143
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end			3,238	$ 4,269
Verra Mobility Corporation (Ultimate Parent)
Cash Flows from Operating Activities:
Net (loss) income			(8,715)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss from equity investment	15,388		8,715
Supplemental non-cash investing and financing activities:
Earn-out shares issued to Platinum Stockholder			18,287
VM Consolidated Inc. (Guarantor Subsidiary)
Cash Flows from Operating Activities:
Net (loss) income			(8,715)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization			55,873
Amortization of deferred financing costs and discounts			2,106
Loss from tax receivable agreement adjustment	4,446		4,446
Credit loss expense			10,723
Deferred income taxes			(1,869)
Stock-based compensation			6,039
Installation and service parts expense			559
Accretion expense			129
(Gain) loss on disposal of assets			(2)
Loss from equity investment	1,521		2,828
Changes in operating assets and liabilities:
Accounts receivable, net			(44,969)
Unbilled receivables			7,073
Prepaid expenses and other current assets			8,008
Accounts payable and accrued liabilities			(13,865)
Due to affiliates			(2,027)
Other liabilities			(3,069)
Net cash provided by operating activities			23,268
Cash Flows from Investing Activities:
Purchases of installation and service parts and property and equipment			(12,825)
Cash proceeds from the sale of assets			49
Net cash used in investing activities			(12,776)
Cash Flows from Financing Activities:
Repayment of long-term debt			(24,227)
Payment of debt issuance costs			(922)
Payment of employee tax withholding related to RSU vesting			(352)
Net cash used in financing activities			(25,501)
Net (decrease) increase in cash, cash equivalents and restricted cash			(15,009)
Cash, cash equivalents and restricted cash - beginning of period			114,286
Cash, cash equivalents and restricted cash - end of period	99,277		99,277
Supplemental cash flow information:
Interest paid			20,201
Income taxes paid, net			826
Supplemental non-cash investing and financing activities:
Additions to ARO, property and equipment, and other			41
Purchases of installation and service parts and property and equipment in accounts payable and accrued liabilities at period-end			3,238
Non-guarantor Subsidiaries
Cash Flows from Operating Activities:
Net (loss) income			(2,828)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization			2,536
Deferred income taxes			(627)
(Gain) loss on disposal of assets			5
Changes in operating assets and liabilities:
Accounts receivable, net			1,786
Unbilled receivables			403
Prepaid expenses and other current assets			(29)
Accounts payable and accrued liabilities			(3,998)
Due to affiliates			2,027
Net cash provided by operating activities			(725)
Cash Flows from Investing Activities:
Purchases of installation and service parts and property and equipment			(1,476)
Net cash used in investing activities			(1,476)
Cash Flows from Financing Activities:
Effect of exchange rate changes on cash and cash equivalents			(1,270)
Net (decrease) increase in cash, cash equivalents and restricted cash			(3,471)
Cash, cash equivalents and restricted cash - beginning of period			18,144
Cash, cash equivalents and restricted cash - end of period	14,673		14,673
Supplemental cash flow information:
Income taxes paid, net			309
Eliminations
Cash Flows from Operating Activities:
Net (loss) income			11,543
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss from equity investment	$ (16,909)		$ (11,543)