Target Hospitality (TH) 10-Q 11 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 07, 2021
Entity Listings [Line Items]
Document Type	10-Q
Document Period End Date	Jun. 30, 2021
Entity Registrant Name	TARGET HOSPITALITY CORP.
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		101,827,537
Entity Central Index Key	0001712189
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38343
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1378631
Entity Address, Address Line One	2170 Buckthorne Place, Suite 440
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77380-1775
City Area Code	800
Local Phone Number	832-4242
Common Stock [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Common stock, par value $0.0001 per share
Trading Symbol	TH
Security Exchange Name	NASDAQ
Warrants to purchase common stock [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Warrants to purchase common stock
Trading Symbol	THWWW
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 6,467	$ 6,979
Accounts receivable, less allowance for doubtful accounts of $2,257 and $2,977, respectively	29,862	28,183
Prepaid expenses and other assets	5,505	7,195
Related party receivable		1,205
Total current assets	41,834	43,562
Specialty rental assets, net	300,329	311,487
Other property, plant and equipment, net	10,356	11,019
Goodwill	41,038	41,038
Other intangible assets, net	95,800	103,121
Deferred tax asset	17,307	15,179
Deferred financing costs revolver, net	2,794	3,422
Other non-current assets	4,518	5,409
Total assets	513,976	534,237
Current liabilities:
Accounts payable	14,772	10,644
Accrued liabilities	25,472	24,699
Deferred revenue and customer deposits	35,650	6,619
Current portion of capital lease and other financing obligations (Note 8)	1,151	3,571
Total current liabilities	77,045	45,533
Long-term debt (Note 8):
Principal amount	340,000	340,000
Less: unamortized original issue discount	(2,009)	(2,319)
Less: unamortized term loan deferred financing costs	(9,687)	(11,182)
Long-term debt, net	328,304	326,499
Revolving credit facility (Note 8)	5,000	48,000
Long-term capital lease and other financing obligations		269
Other non-current liabilities	1,259	479
Deferred revenue and customer deposits	10,531	11,752
Asset retirement obligations	2,385	2,284
Warrant liabilities	3,253	533
Total liabilities	427,777	435,349
Commitments and contingencies (Note 12)
Stockholders' equity:
Common Stock, $0.0001 par, 400,000,000 authorized, 105,682,808 issued and 101,827,537 outstanding as of June 30, 2021 and 105,585,682 issued and 101,170,915 outstanding as of December 31, 2020.	10	10
Common Stock in treasury at cost, 4,414,767 shares as of June 30, 2021 and December 31, 2020, respectively.	(23,559)	(23,559)
Additional paid-in-capital	107,924	106,551
Accumulated other comprehensive loss	(2,446)	(2,434)
Accumulated earnings	4,270	18,320
Total stockholders' equity	86,199	98,888
Total liabilities and stockholders' equity	$ 513,976	$ 534,237

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Consolidated Balance Sheets
Allowance for doubtful accounts	$ 2,257	$ 2,977
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized	400,000,000	400,000,000
Common stock shares issued	105,682,808	105,585,682
Common stock, Number of share outstanding	101,827,537	101,170,915
Treasury stock, shares	4,414,767	4,414,767

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue:
Revenue, Topic 606	$ 54,159	$ 40,652	$ 88,030	$ 95,724
Revenue	74,986	53,620	120,478	125,274
Costs:
Depreciation of specialty rental assets	13,908	12,266	26,348	25,162
Gross profit	27,069	8,194	38,530	35,342
Selling, general and administrative	11,677	10,101	23,009	20,092
Other depreciation and amortization	4,096	4,098	8,092	8,214
Other expense (income), net	444	446	690	(569)
Operating income (loss)	10,852	(6,451)	6,739	7,605
Interest expense, net	9,744	10,178	19,594	20,200
Change in fair value of warrant liabilities	2,080	(533)	2,720	(2,187)
Loss before income tax	(972)	(16,096)	(15,575)	(10,408)
Income tax benefit	(60)	(2,429)	(1,523)	(2,196)
Net loss	(912)	(13,667)	(14,052)	(8,212)
Other comprehensive income (loss)
Foreign currency translation	7	45	(12)	(66)
Comprehensive loss	$ (905)	$ (13,622)	$ (14,064)	$ (8,278)
Two Class Method:
Weighted average number shares outstanding - basic and diluted	96,545,441	96,003,079	96,398,732	95,926,467
Net loss per share - basic and diluted	$ (0.01)	$ (0.14)	$ (0.15)	$ (0.09)
Services
Revenue:
Revenue, Topic 606	$ 53,648	$ 25,257	$ 86,585	$ 79,195
Costs:
Costs	29,422	31,459	48,771	60,466
Specialty rental
Revenue:
Revenue, subject to ASC 840	20,827	12,968	32,448	29,551
Costs:
Costs	4,587	1,701	6,829	4,304
Construction fee
Revenue:
Revenue, Topic 606	$ 511	$ 15,395	$ 1,445	$ 16,528

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Retroactive application of recapitalization	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Earnings	Total
Beginning Balances at Dec. 31, 2019		$ 10	$ (23,559)	$ 103,178	$ (2,558)	$ 43,451	$ 120,522
Beginning Balances (In Shares) at Dec. 31, 2019		100,840,162	4,414,767
Net income (loss)						5,454	5,454
Stock-based compensation				884			884
Stock-based compensation (in shares)		83,831
Shares used to settle payroll tax withholding				(83)			(83)
Cumulative translation adjustment					(111)		(111)
Ending Balances at Mar. 31, 2020		$ 10	$ (23,559)	103,979	(2,669)	48,905	126,666
Ending Balances (In shares) at Mar. 31, 2020		100,923,993	4,414,767
Beginning Balances at Dec. 31, 2019		$ 10	$ (23,559)	103,178	(2,558)	43,451	120,522
Beginning Balances (In Shares) at Dec. 31, 2019		100,840,162	4,414,767
Net income (loss)	$ 2,200						(8,212)
Cumulative translation adjustment							(66)
Ending Balances at Jun. 30, 2020		$ 10	$ (23,559)	104,943	(2,624)	35,238	114,008
Ending Balances (In shares) at Jun. 30, 2020		101,108,217	4,414,767
Beginning Balances at Mar. 31, 2020		$ 10	$ (23,559)	103,979	(2,669)	48,905	126,666
Beginning Balances (In Shares) at Mar. 31, 2020		100,923,993	4,414,767
Net income (loss)	$ 500					(13,667)	(13,667)
Stock-based compensation				1,038			1,038
Stock-based compensation (in shares)		184,224
Shares used to settle payroll tax withholding				(74)			(74)
Cumulative translation adjustment					45		45
Ending Balances at Jun. 30, 2020		$ 10	$ (23,559)	104,943	(2,624)	35,238	114,008
Ending Balances (In shares) at Jun. 30, 2020		101,108,217	4,414,767
Beginning Balances at Dec. 31, 2020		$ 10	$ (23,559)	106,551	(2,434)	18,320	98,888
Beginning Balances (In Shares) at Dec. 31, 2020		101,170,915	4,414,767
Net income (loss)						(13,138)	(13,138)
Stock-based compensation				761			761
Stock-based compensation (in shares)		65,338
Shares used to settle payroll tax withholding				(51)			(51)
Cumulative translation adjustment					(19)		(19)
Ending Balances at Mar. 31, 2021		$ 10	$ (23,559)	107,261	(2,453)	5,182	86,441
Ending Balances (In shares) at Mar. 31, 2021		101,236,253	4,414,767
Beginning Balances at Dec. 31, 2020		$ 10	$ (23,559)	106,551	(2,434)	18,320	98,888
Beginning Balances (In Shares) at Dec. 31, 2020		101,170,915	4,414,767
Net income (loss)							(14,052)
Cumulative translation adjustment							(12)
Ending Balances at Jun. 30, 2021		$ 10	$ (23,559)	107,924	(2,446)	4,270	86,199
Ending Balances (In shares) at Jun. 30, 2021		101,827,537	4,414,767
Beginning Balances at Mar. 31, 2021		$ 10	$ (23,559)	107,261	(2,453)	5,182	86,441
Beginning Balances (In Shares) at Mar. 31, 2021		101,236,253	4,414,767
Net income (loss)						(912)	(912)
Stock-based compensation				697			697
Stock-based compensation (in shares)		591,284
Shares used to settle payroll tax withholding				(34)			(34)
Cumulative translation adjustment					7		7
Ending Balances at Jun. 30, 2021		$ 10	$ (23,559)	$ 107,924	$ (2,446)	$ 4,270	$ 86,199
Ending Balances (In shares) at Jun. 30, 2021		101,827,537	4,414,767

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (14,052)	$ (8,212)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	27,119	25,957
Amortization of intangible assets	7,321	7,410
Accretion of asset retirement obligation		89
Accretion of asset retirement obligation	101
Amortization of deferred financing costs	2,124	1,899
Amortization of original issue discount	310	263
Change in fair value of warrant liabilities	2,720	(2,187)
Stock-based compensation expense	2,238	1,936
Gain on involuntary conversion		(619)
Deferred income taxes	(2,127)	(2,667)
Provision for loss on receivables, net of recoveries	658	2,050
Changes in operating assets and liabilities
Accounts receivable	(2,407)	3,440
Related party receivable	1,225	295
Prepaid expenses and other assets	1,691	(1,109)
Accounts payable and other accrued liabilities	3,868	6,336
Deferred revenue and customer deposits	27,809	(8,031)
Other non-current assets and liabilities	843	(1,491)
Net cash provided by operating activities	59,441	25,359
Cash flows from investing activities:
Purchase of specialty rental assets	(14,107)	(12,310)
Purchase of property, plant and equipment	(104)	(70)
Receipt of insurance proceeds		619
Net cash used in investing activities	(14,211)	(11,761)
Cash flows from financing activities:
Principal payments on finance and capital lease obligations	(2,690)	(10,115)
Proceeds from borrowings on finance and capital lease obligations		10,151
Principal payments on borrowings from ABL	(65,000)	(37,500)
Proceeds from borrowings on ABL	22,000	42,500
Restricted shares surrendered to pay tax liabilities	(85)	(159)
Purchase of treasury stock		(5,318)
Net cash provided by (used in) financing activities	(45,775)	(441)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	33	(15)
Net increase (decrease) in cash, cash equivalents and restricted cash	(512)	13,142
Cash, cash equivalents and restricted cash - beginning of period	6,979	6,839
Cash, cash equivalents and restricted cash - end of period	6,467	$ 19,981
Non-cash investing and financing activity:
Non-cash change in accrued capital expenditures	$ (1,085)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands	Jun. 30, 2020USD ($)
Reconciliation of cash, cash equivalents, and restricted cash to consolidated balance sheets:
Cash and cash equivalents	$ 19,929
Restricted cash	52
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 19,981

Organization and Nature of Oper

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies
Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies	1. Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies Organization and Nature of Operations Target Hospitality Corp. (“Target Hospitality” or the “Company”) was formed on March 15, 2019 and is North America’s largest provider of vertically integrated modular accommodations and value-added hospitality services. The Company provides vertically integrated specialty rental and comprehensive hospitality services including catering and food services, maintenance, housekeeping, grounds-keeping, security, health and recreation services, overall workforce community management, and laundry service. Target Hospitality serves clients in oil, gas, mining, alternative energy, government and immigrations sectors principally located in the West Texas, South Texas, Oklahoma and Midwest regions, as well as various large linear-construction (pipeline and infrastructure) projects in the United States. ​ The Company, whose securities are listed on the Nasdaq Global Market, serves as the holding company for the businesses of Target Logistics Management, LLC and its subsidiaries (“Target”) and RL Signor Holdings, LLC and its subsidiaries (“Signor”). TDR Capital LLP (“TDR Capital” or “TDR”) owns approximately 64% of Target Hospitality and the remaining ownership is broken out among the founders of the Company’s legal predecessor, Platinum Eagle Acquisition Corp. (“Platinum Eagle” or “PEAC”), investors in Platinum Eagle’s private placement transaction completed substantially and concurrently with the Business Combination (as defined below) (the “PIPE”), and other public shareholders. Platinum Eagle was originally incorporated on July 12, 2017 as a Cayman Islands exempted company, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. References in this Quarterly Report on Form 10-Q to the Company refer to Target Hospitality for all periods at or after March 15, 2019 and Platinum Eagle for all periods prior to March 15, 2019, unless the context requires otherwise. ​ On November 13, 2018, PEAC entered into: (i) the agreement and plan of merger, as amended on January 4, 2019 (the “Signor Merger Agreement”), by and among PEAC, Signor Merger Sub LLC, a Delaware limited liability company and wholly-owned subsidiary of Platinum Eagle and sister company to the Holdco Acquiror (defined below as Topaz Holdings LLC) (“Signor Merger Sub”), Arrow Holdings S.a.r.l., a Luxembourg société à responsabilité limitée besloten vennootschap ​ Target Parent was formed by TDR in September 2017. Prior to the Business Combination, Target Parent was directly owned by Algeco Scotsman Global S.a.r.l. (“ASG”) which is ultimately owned by a group of investment funds managed and controlled by TDR. During 2018, ASG assigned all of its ownership interest in Target Parent to the Algeco Seller, an affiliate of ASG that is also ultimately owned by a group of investment funds managed and controlled by TDR. Target Parent acted as a holding company that included the U.S. corporate employees of ASG and certain of its affiliates and certain related administrative costs and was the owner of Target, its operating company. Target Parent received capital contributions, made distributions, and maintained cash as well as other amounts owed to and from affiliated entities. As discussed above, in connection with the closing of the Business Combination, Target Parent merged with and into Bidco, with Bidco as the surviving entity. Signor Parent owned 100% of Bidco until the closing of the Business Combination in connection with which Signor Parent merged with and into Topaz with Topaz being the surviving entity. Prior to the Business Combination, Signor Parent was owned by the Arrow Seller, which is ultimately owned by a group of investment funds managed and controlled by TDR. Signor Parent was formed in August 2018 and acted as a holding company for Bidco, which was formed in September 2018, also as a holding company. Bidco acquired Signor on September 7, 2018. Neither Signor Parent nor Bidco had operating activity, but each received capital contributions, made distributions, and maintained cash as well as other amounts owed to and from affiliated entities. Signor Parent was dissolved upon consummation of the Business Combination and merger with Topaz described above on March 15, 2019. ​ Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) has been condensed or omitted pursuant to those rules and regulations. The financial statements included in this report should be read in conjunction with the Target Hospitality Annual Report on Form 10-K/A for the year ended December 31, 2020, filed with the SEC on May 24, 2021 (the “2020 Form 10-K/A”). The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the operating results that may be expected for the full fiscal year ending December 31, 2021 or any future period. The accompanying unaudited consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments, except for the restatement discussed below, necessary for a fair statement of financial position as of June 30, 2021, and results of operations for the three and six months ended June 30, 2021 and 2020, and cash flows for the three and six months ended June 30, 2021 and 2020. The consolidated balance sheet as of December 31, 2020, was derived from the audited consolidated balance sheets of Target Hospitality Corp. but does not contain all of the footnote disclosures from those annual financial statements. Restatement of Previously Issued Consolidated Financial Statements ​ The notes included herein should be read in conjunction with the Company's restated audited consolidated financial statements included in the 2020 Form 10-K/A. ​ As previously disclosed in the 2020 Form 10-K/A, we restated the Company’s previously issued consolidated financial statements as of and for the year ended December 31, 2020, as well as each of the quarters within 2020 to make the necessary accounting corrections related to warrant accounting. We have restated herein our consolidated financial statements as of and for the quarter and period ended June 30, 2020. We have also restated related amounts within the accompanying footnotes to the consolidated financial statements. The impact of this restatement on the financial statements for the three and six months ended June 30, 2020 was a decrease to net loss of approximately $0.5 million and $2.2 million, respectively. ​ Use of Estimates The preparation of financial statements in conformity with US GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts may differ from those included in the accompanying unaudited consolidated financial statements. Principles of Consolidation The consolidated financial statements comprise the financial statements of the Company and its subsidiaries that it controls due to ownership of a majority voting interest. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. The financial statements of the subsidiaries are prepared for the same reporting period as the Company. All intercompany balances and transactions are eliminated. Revenue Recognition The Company derives revenue from specialty rental and hospitality services, specifically lodging and related ancillary services. Revenue is recognized in the period in which lodging and services are provided pursuant to the terms of contractual relationships with the customers. Certain arrangements contain a lease of lodging facilities to customers. The leases are accounted for as an operating lease under the authoritative guidance for leases and are recognized as income using the straight-line method over the term of the lease agreement. Because performance obligations related to specialty rental and hospitality services are satisfied over time, the majority of our revenue is recognized on a daily basis, for each night a customer stays, at a contractual day rate. Our customers typically contract for accommodation services under committed contracts with terms that most often range from several months to three years. Our payment terms vary by type and location of our customer and the service offered. The time between invoicing and when payment is due is not significant. When lodging and services are billed and collected in advance, recognition of revenue is deferred until services are rendered. Certain of the Company’s contractual arrangements allow customers the ability to use paid but unused lodging and services for a specified period. The Company recognizes revenue for these paid but unused lodging and services as they are consumed, as it becomes probable the lodging and services will not be used, or upon expiration of the specified term. Cost of services includes labor, food, utilities, supplies, rent and other direct costs associated with operating the lodging units as well as costs associated with construction services. Cost of rental includes leasing costs and other direct costs of maintaining the lodging units. Costs associated with contracts include sales commissions which are expensed as incurred and reflected in selling, general and administrative expenses in the consolidated statements of comprehensive loss. The Company recognizes revenue associated with community construction using the percentage of completion method with progress towards completion measured using the cost-to-cost method as the basis to recognize revenue. Management believes this cost-to-cost method is the most appropriate measure of progress to the satisfaction of a performance obligation on the community construction. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, estimated profitability and final contract settlements may result in revisions to projected costs and revenue and are recognized in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated. Factors that may affect future project costs and margins include weather, production efficiencies, availability and costs of labor, materials and subcomponents. Additionally, the Company collects sales, use, occupancy and similar taxes, which the Company presents on a net basis (excluded from revenues) in the consolidated statements of comprehensive loss. Recently Issued Accounting Standards The Company meets the definition of an emerging growth company (“EGC”) as defined under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). In reliance on exemptions provided under the JOBS Act for EGCs, the Company has elected to defer compliance with new or revised financial accounting standards until a company that is not an issuer (as defined under section 2(a) of the Sarbanes-Oxley Act of 2002) is required to comply with such standards. As such, compliance dates included below pertain to non-issuers, and as permitted, early adoption dates are indicated. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (ASC 840) In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses ASU 2016-13 or Topic 326 Codification Improvements to Topic 326, Financial Instruments - Credit Losses Recent Developments – CO VI D-19 and D isruption to Global Demand ​ The global outbreak of COVID-19 and the declaration of a pandemic by the World Health Organization on March 11, 2020 has presented new and continuing risks to the Company’s business. Prior to March 2020, the Company’s results of operations were largely in line with expectations and subsequent to March 2020, we began to experience a decline in revenues. The COVID-19 pandemic has not impacted the Company’s ability to operate nor has it materially disrupted the Company’s supply chain, disrupted service, or caused a shortage of critical products at our communities. However, the situation surrounding COVID-19 and the decrease in global economic demand had a material adverse impact on the Company’s operating results, as a result of which the Company implemented several cost containment measures primarily initiated in April of 2020, including salary reductions, reductions in workforce, furloughs, reduced discretionary spending and elimination of all non-essential travel. In addition to these measures, the Company temporarily closed and consolidated several communities in the Hospitality & Facilities Services - South segment and in May of 2020, the Company temporarily closed all communities in the Hospitality & Facilities Services - Midwest segment. The Company began re-opening communities in both the Hospitality & Facilities Services - South and Midwest segments in July of 2020 as customer activity levels began to increase. Additionally, the Company executed contract modifications with several customers resulting in extended terms and reduced minimum contract commitments in 2020. These modifications utilize multi-year contract extensions to maintain contract value and provide the Company with greater visibility on long-term revenue and cash flow. This mutually beneficial approach balanced average daily rates with contract term and positions the Company to take advantage of a more balanced market. There have been significant changes to the global economic situation and to public securities markets as a result of COVID-19. vaccines, could lead people to continue to self-isolate and not participate in the economy at pre-pandemic levels for a prolonged period of time. Further, even if vaccines are widely distributed and accepted, there can be no assurance that the vaccines will ultimately be successful in limiting or stopping the spread of COVID-19 or its variants. It is possible that these changes could cause changes to estimates as a result of the markets in which the Company operates, the price of the Company’s publicly traded equity and debt in comparison to the Company’s carrying value. Such changes to estimates could potentially result in impacts that would be material to the Company’s consolidated financial statements, particularly with respect to the fair value of the Company’s reporting units in relation to potential goodwill impairment, the fair value of long-lived and other intangible assets in relation to potential impairment and the allowance for doubtful accounts. ​ As a result of the impact of COVID-19 and the disruption to the global economy, in the first quarter of 2020 we also concluded a trigger event had occurred and we tested our long-lived and intangible assets, including goodwill, for impairment. ​ Additionally, in connection with COVID-19, on March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"). The CARES Act, among other things, included provisions relating to the 80 percent limitation of net operating loss and modifications to the business interest deduction limitations. We evaluated how the provisions in the CARES Act would impact our consolidated financial statements and concluded that the CARES Act did not have a material impact on our provision for income taxes for the three and six months ended June 30, 2021 and 2020

Revenue

Revenue	6 Months Ended
	Jun. 30, 2021
Revenue
Revenue	2. Revenue ​ Total revenue recognized under Topic 606 was $88.0 million and $95.7 million for the six months ended June 30, 2021 and 2020, respectively, while specialty rental income was $32.4 million and $29.6 million subject to the guidance of ASC 840 for the six months ended June 30, 2021 and 2020, respectively. Total revenue recognized under Topic 606 was $54.2 million and $40.7 million for the three months ended June 30, 2021 and 2020, respectively, while specialty rental income was $20.8 million and $13.0 million subject to the guidance of ASC 840 for the three months ended June 30, 2021 and 2020, respectively. ​ The following table disaggregates our revenue by our four reportable segments as well as the All Other category: Hospitality & Facilities Services - South, Hospitality & Facilities Services - Midwest, Government, TCPL Keystone, and All Other for the dates indicated below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ ​ June 30, ​ June 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Hospitality & Facilities Services - South ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 25,796 ​ $ 18,340 ​ $ 48,997 ​ $ 61,627 Total Hospitality & Facilities Services - South revenues ​ ​ 25,796 ​ ​ 18,340 ​ ​ 48,998 ​ ​ 61,627 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services - Midwest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 730 ​ $ 366 ​ $ 1,327 ​ $ 4,551 Total Hospitality & Facilities Services - Midwest revenues ​ ​ 730 ​ ​ 366 ​ ​ 1,327 ​ ​ 4,551 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Government ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 26,355 ​ $ 6,426 ​ $ 34,665 ​ $ 12,280 Total Government revenues ​ ​ 26,355 ​ ​ 6,426 ​ ​ 34,665 ​ ​ 12,280 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TCPL Keystone ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 422 ​ $ - ​ $ 958 ​ $ - Construction fee income ​ ​ 511 ​ ​ 15,395 ​ ​ 1,445 ​ ​ 16,528 Total TCPL Keystone revenues ​ ​ 933 ​ ​ 15,395 ​ ​ 2,403 ​ ​ 16,528 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ All Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 345 ​ $ 125 ​ $ 637 ​ $ 738 Total All Other revenues ​ ​ 345 ​ ​ 125 ​ ​ 637 ​ ​ 738 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 54,159 ​ $ 40,652 ​ $ 88,030 ​ $ 95,724 ​ As a result of the current market environment discussed in Note 1 “ Recent Developments – CO VI D-19 and D isruption to Global Demand” ​ ​ Contract Assets and Liabilities ​ We do not have any contract assets. ​ Contract liabilities primarily consist of deferred revenue that represent payments for room nights that the customer may use in the future as well as an advanced payment for a community build that is being recognized over the related contract period, and advanced payments for TCPL Keystone in the amount of approximately $4.9 million that have been deferred in connection with the suspension of the project and ongoing negotiated terms of cancellation of the contract (see Note 19). Activity in the deferred revenue accounts as of the dates indicated below was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For Six Months Ended ​ ​ June 30, ​ 2021 ​ 2020 Balances at Beginning of the Period ​ $ 18,371 ​ $ 26,199 Additions to deferred revenue ​ 61,045 ​ 2,812 Revenue recognized ​ (33,235) ​ (10,843) Balances at End of the Period ​ $ 46,181 ​ $ 18,168 ​ As of June 30, 2021, for contracts greater than one year, the following table discloses the estimated revenues related to performance obligations that are unsatisfied (or partially unsatisfied) and when we expect to recognize the revenue, and only represents revenue expected to be recognized from contracts where the price and quantity of the product or service are fixed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2022 2023 ​ 2024 ​ 2025 ​ 2026 Total Revenue expected to be recognized as of June 30, 2021 ​ $ 65,911 ​ $ 48,680 ​ $ 18,699 ​ $ 18,748 ​ $ 18,699 ​ $ 13,987 ​ $ 184,724 ​ The Company applied some of the practical expedients in Topic 606, including the “right to invoice” practical expedient, and does not disclose consideration for remaining performance obligations with an original expected duration of one year or less or for variable consideration related to unsatisfied (or partially unsatisfied) performance obligations. Due to the application of these practical expedients, the table above represents only a portion of the Company’s expected future consolidated revenues and it is not necessarily indicative of the expected trend in total revenues.

Specialty Rental Assets, Net

Specialty Rental Assets, Net	6 Months Ended
	Jun. 30, 2021
Specialty Rental Assets, Net
Specialty Rental Assets, Net	3. Specialty Rental Assets, Net Specialty rental assets, net at the dates indicated below consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Specialty rental assets ​ $ 563,406 ​ $ 547,375 Construction-in-process ​ 5,434 ​ 5,828 Less: accumulated depreciation ​ (268,511) ​ (241,716) Specialty rental assets, net ​ $ 300,329 ​ $ 311,487 ​ Depreciation expense related to specialty rental assets was $26.3 million and $25.2 million for the six months ended June 30, 2021 and 2020, respectively, and is included in depreciation of specialty rental assets in the consolidated statements of comprehensive loss. For the three months ended June 30, 2021 and 2020, depreciation expense of specialty rental assets was $13.9 million and $12.3 million, respectively.

Other Property, Plant and Equip

Other Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2021
Other Property, Plant and Equipment, Net
Other Property, Plant and Equipment, Net	4. Other Property, Plant and Equipment, Net Other property, plant and equipment, net at the dates indicated below, consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Land ​ $ 9,163 ​ $ 9,163 Buildings and leasehold improvements ​ 115 ​ 115 Machinery and office equipment ​ 1,175 ​ 1,072 Software and other ​ 3,754 ​ 3,752 ​ ​ 14,207 ​ 14,102 Less: accumulated depreciation ​ (3,851) ​ (3,083) Total other property, plant and equipment, net ​ $ 10,356 ​ $ 11,019 ​ Depreciation expense related to other property, plant and equipment was $0.8 million and $0.8 million for the six months ended June 30, 2021 and 2020, respectively, and is included in other depreciation and amortization in the consolidated statements of comprehensive loss. For the three months ended June 30, 2021 and 2020, depreciation expense related to other property, plant and equipment was $0.4 million and $0.4 million, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, net	6 Months Ended
	Jun. 30, 2021
Goodwill and Other Intangible Assets, net
Goodwill and Other Intangible Assets, net	5. Goodwill and Other Intangible Assets, net The financial statements reflect goodwill from previous acquisitions that is all attributable to the Hospitality and Facilities Services – South business segment and reporting unit. ​ ​ ​ Changes in the carrying amount of goodwill were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality and Facilities Services - South Balance at January 1, 2020 ​ $ 41,038 Changes in Goodwill ​ ​ - Balance at December 31, 2020 ​ ​ 41,038 Changes in Goodwill ​ ​ - Balance at June 30, 2021 ​ $ 41,038 ​ ​ Intangible assets other than goodwill at the dates indicated below consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ average ​ Carrying ​ Accumulated ​ Net Book ​ remaining lives Amount Amortization Value Intangible assets subject to amortization ​ ​ ​ Customer relationships 6.0 ​ $ 128,907 ​ $ (49,507) ​ $ 79,400 Total ​ ​ ​ ​ 128,907 ​ ​ (49,507) ​ ​ 79,400 Indefinite lived assets: ​ ​ ​ Tradenames ​ 16,400 ​ — ​ 16,400 Total intangible assets other than goodwill ​ $ 145,307 ​ $ (49,507) ​ $ 95,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ average ​ Carrying ​ Accumulated ​ Net Book ​ remaining lives Amount Amortization Value Intangible assets subject to amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer relationships 6.4 $ 128,907 $ (42,186) $ 86,721 Total ​ ​ ​ ​ 128,907 ​ ​ (42,186) ​ ​ 86,721 Indefinite lived assets: ​ ​ ​ Tradenames ​ 16,400 ​ — ​ 16,400 Total intangible assets other than goodwill ​ $ 145,307 ​ $ (42,186) ​ $ 103,121 ​ For the six months ended June 30, 2021 and 2020, amortization expense related to intangible assets was $7.3 million and $7.4 million, respectively, and is included in other depreciation and amortization in the consolidated statements of comprehensive loss. For the three months ended June 30, 2021 and 2020, amortization expense related to intangible assets was $3.7 million and $3.7 million, respectively. The estimated aggregate amortization expense as of June 30, 2021 for each of the next five years and thereafter is as follows: ​ ​ ​ ​ ​ Rest of 2021 $ 7,334 2022 ​ ​ 13,302 2023 ​ ​ 12,881 2024 ​ ​ 12,881 2025 ​ ​ 12,881 Thereafter ​ ​ 20,121 Total ​ $ 79,400 ​

Other Non-Current Assets

Other Non-Current Assets	6 Months Ended
	Jun. 30, 2021
Other Non-Current Assets
Other Non-Current Assets	6. Other Non-Current Assets Other non-current assets include capitalized software implementation costs for the implementation of cloud computing systems. As of the dates indicated below, capitalized implementation costs and related accumulated amortization in other non-current assets on the consolidated balance sheets amounted to the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Cloud computing implementation costs ​ $ 7,198 ​ $ 7,094 Less: accumulated amortization ​ ​ (2,746) ​ ​ (1,685) Other non-current assets ​ $ 4,452 ​ $ 5,409 ​ The majority of such systems were placed into service beginning January of 2020 at which time the Company began to amortize these capitalized costs on a straight-line basis over the period of the remaining service arrangements of between 2 and 4 years.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2021
Accrued Liabilities
Accrued Liabilities	7. Accrued Liabilities Accrued liabilities as of the dates indicated below consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Employee accrued compensation expense ​ $ 7,084 ​ $ 6,177 Other accrued liabilities ​ 8,518 ​ 8,873 Accrued interest on debt ​ ​ 9,870 ​ ​ 9,649 Total accrued liabilities ​ $ 25,472 ​ $ 24,699 ​ Other accrued liabilities in the above table relates primarily to accrued utilities, rent, real estate and sales taxes, state income taxes, and other accrued operating expenses.

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt
Debt	8. Debt Senior Secured Notes 2024 In connection with the closing of the Business Combination, Bidco issued $340 million in aggregate principal amount of 9.50% senior secured notes due March 15, 2024 (the “2024 Senior Secured Notes” or “Notes”) under an indenture dated March 15, 2019 (the “Indenture”). The Indenture was entered into by and among Bidco, the guarantors named therein (the “Note Guarantors”), and Deutsche Bank Trust Company Americas, as trustee and as collateral agent. Interest is payable semi-annually on September 15 and March 15 beginning September 15, 2019. Refer to table below for a description of the amounts related to the Notes. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal ​ Unamortized Original Issue Discount ​ Unamortized Deferred Financing Costs 9.50% Senior Secured Notes, due 2024 ​ $ 340,000 ​ $ 2,009 ​ $ 9,687 ​ If Bidco undergoes a change of control or sells certain of its assets, Bidco may be required to offer to repurchase the Notes. On or after March 15, 2021, Bidco at its option, may redeem the Notes, in whole or part, upon not less than fifteen (15) and not more than sixty (60) days’ prior written notice to holders and not less than twenty (20) days’ prior written notice to the trustee (or such shorter timeline as the trustee may agree), at the redemption price expressed as a percentage of principal amount set forth below, plus accrued and unpaid interest thereon but not including the applicable redemption date (subject to the right of Note holders on the relevant record date to receive interest due on an interest payment date falling on or prior to the redemption date), if redeemed during the 12-month period beginning August 15 of each of the years set below. ​ ​ ​ ​ ​ ​ ​ ​ Redemption Year ​ ​ Price 2021 ​ ​ 104.750% 2022 ​ ​ 102.375% 2023 and thereafter ​ ​ 100.000% ​ The Notes are unconditionally guaranteed by Topaz and each of Bidco’s direct and indirect wholly-owned domestic subsidiaries (collectively, the “Note Guarantors”). Target Hospitality is not an issuer or a guarantor of the Notes. The Note Guarantors are either borrowers or guarantors under the New ABL Facility. To the extent lenders under the New ABL Facility release the guarantee of any Note Guarantor, such Note Guarantor is also released from obligations under the Notes. These guarantees are secured by a second priority security interest in substantially all of the assets of Bidco and the Note Guarantors (subject to customary exclusions). The guarantees of the Notes by TLM Equipment, LLC, a Delaware limited liability company (“TLM Equipment LLC”) which holds certain of Target Hospitality’s assets, are subordinated to its obligations under the New ABL Facility (as defined below). The Notes contain certain negative covenants, including limitations that restrict Bidco’s ability and the ability of certain of its subsidiaries, to directly or indirectly, create additional financial obligations. With certain specified exceptions, these negative covenants prohibit Bidco and certain of its subsidiaries from: creating or incurring additional debt; paying dividends or making any other distributions with respect to its capital stock; making loans or advances to Bidco or any restricted subsidiary of Bidco; selling, leasing or transferring any of its property or assets to Bidco or any restricted subsidiary of Bidco; directly or indirectly creating, incurring or assuming any lien of any kind securing debt on the collateral; or entering into any sale and leaseback transaction. In connection with the issuance of the Notes, there was an original issue discount of $3.3 million and the unamortized balance of $2.0 million is presented on the face of the consolidated balance sheet as of June 30, 2021 as a reduction of the principal. The discount is amortized over the life of the Notes using the effective interest method. Bidco’s ultimate parent, Target Hospitality, has no significant independent assets or operations except as included in the guarantors of the Senior Secured Notes, the guarantees under the Notes are full and unconditional and joint and several, and any subsidiaries of Target Hospitality that are not subsidiary guarantors of the Notes are minor. There are also no significant restrictions on the ability of Target Hospitality or any guarantor to obtain funds from its subsidiaries by dividend or loan. See discussion of certain negative covenants above. Therefore, pursuant to the SEC Rules, no individual guarantor financial statement disclosures are deemed necessary. Capital Lease and Other Financing Obligations The Company’s capital lease and other financing obligations as of June 30, 2021 consisted of approximately $0.4 million of capital leases related primarily to vehicles and approximately $0.7 million related to insurance financing obligations. In December 2019, the Company entered into a lease for certain equipment with a lease term expiring November 2022 and an effective interest rate of 4.3%. The Company’s lease relates to commercial-use vehicles. In November 2020, the Company entered into an insurance financing arrangement in an amount of approximately $3.3 million at an interest rate of 3.84%. The insurance financing arrangement requires 9 monthly payments of approximately $0.4 million that began on December 1, 2020. The Company’s capital lease and other financing obligations as of December 31, 2020 consisted of approximately $0.9 million of capital leases and $2.9 million related to insurance financing obligations. New ABL Facility On the Closing Date, in connection with the closing of the Business Combination, Topaz, Bidco, Target, Signor and each of their domestic subsidiaries entered into an ABL credit agreement that provides for a senior secured asset based revolving credit facility in the aggregate principal amount of up to $125 million (the “New ABL Facility”). The historical debt of Bidco, Target and their respective subsidiaries under the ABL facility of Algeco Seller was settled at the time of the consummation of the Business Combination on the Closing Date. Approximately $40 million of proceeds from the New ABL Facility were used to finance a portion of the consideration payable and fees and expenses incurred in connection with the Business Combination. Borrowings under the New ABL Facility, at the relevant borrower’s (the borrowers under the New ABL Facility, the “ABL Borrowers”) option, bear interest at either (1) an adjusted LIBOR or (2) a base rate, in each case plus an applicable margin. The applicable margin is 2.50% with respect to LIBOR borrowings and 1.50% with respect to base rate borrowings. Commencing at the completion of the first full fiscal quarter after the Closing Date, the applicable margin for borrowings under the New ABL Facility is subject to one step-down of 0.25% and one step-up of 0.25%, based on achieving certain excess availability levels with respect to the New ABL Facility. The New ABL Facility provides borrowing availability of an amount equal to the lesser of (i) (a) $125 million and (b) the Borrowing Base (defined below) (the “Line Cap”). The Borrowing Base is, at any time of determination, an amount (net of reserves) equal to the sum of: ● 85% of the net book value of the Borrowers’ eligible accounts receivables, plus ● the lesser of (i) 95% of the net book value of the Borrowers’ eligible rental equipment and (ii) 85% of the net orderly liquidation value of the Borrowers’ eligible rental equipment, minus ● customary reserves ​ The New ABL Facility includes borrowing capacity available for standby letters of credit of up to $15 million and for ‘‘swingline’’ loan borrowings of up to $15 million. Any issuance of letters of credit or making of a swingline loan will reduce the amount available under the New ABL Facility. ​ In addition, the New ABL Facility will provide the Borrowers with the option to increase commitments under the New ABL Facility in an aggregate amount not to exceed $75 million plus any voluntary prepayments that are accompanied by permanent commitment reductions under the New ABL Facility. The termination date of the New ABL Facility is September 15, 2023. ​ The obligations under the New ABL Facility are unconditionally guaranteed by Topaz and each existing and subsequently acquired or organized direct or indirect wholly-owned U.S. organized restricted subsidiary of Bidco (together with Topaz, the “ABL Guarantors”), other than certain excluded subsidiaries. The New ABL Facility is secured by (i) a first priority pledge of the equity interests of Topaz, Bidco, Target, and Signor (the “Borrowers) and of each direct, wholly-owned US organized restricted subsidiary of any Borrower or any ABL Guarantor, (ii) a first priority pledge of up to 65% of the voting equity interests in each non-US restricted subsidiary of any Borrower or ABL Guarantor and (iii) a first priority security interest in substantially all of the assets of the Borrower and the ABL Guarantors (in each case, subject to customary exceptions). ​ The New ABL Facility requires the Borrowers to maintain a (i) minimum fixed charge coverage ratio of 1.00:1.00 and (ii) maximum total net leverage ratio of 4.00:1.00, at any time when the excess availability under the New ABL Facility is less than the greater of (a) $15.625 million and (b) 12.5% of the Line Cap. ​ The New ABL Facility also contains a number of customary negative covenants. Such covenants, among other things, limit or restrict the ability of each of the Borrowers, their restricted subsidiaries, and where applicable, Topaz, to: ​ ● incur additional indebtedness, issue disqualified stock and make guarantees; ● incur liens on assets; ● engage in mergers or consolidations or fundamental changes; ● sell assets; ● pay dividends and distributions or repurchase capital stock; ● make investments, loans and advances, including acquisitions; ● amend organizational documents and master lease documents; ● enter into certain agreements that would restrict the ability to pay dividends; ● repay certain junior indebtedness; and ● change the conduct of its business. ​ The aforementioned restrictions are subject to certain exceptions including (i) the ability to incur additional indebtedness, liens, investments, dividends and distributions, and prepayments of junior indebtedness subject, in each case, to compliance with certain financial metrics and certain other conditions and (ii) a number of other traditional exceptions that grant the ABL Borrowers continued flexibility to operate and develop their businesses. The New ABL Facility also contains certain customary representations and warranties, affirmative covenants and events of default. The carrying value of debt outstanding as of the dates indicated below consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Capital lease and other financing obligations ​ $ 1,151 ​ $ 3,840 ABL facilities ​ 5,000 ​ 48,000 9.50% Senior Secured Notes due 2024, face amount ​ ​ 340,000 ​ ​ 340,000 Less: unamortized original issue discount ​ ​ (2,009) ​ ​ (2,319) Less: unamortized term loan deferred financing costs ​ ​ (9,687) ​ ​ (11,182) Total debt, net ​ 334,455 ​ 378,339 Less: current maturities ​ (1,151) ​ (3,571) Total long-term debt ​ $ 333,304 ​ $ 374,768 ​ Interest expense, net The components of interest expense, net (which includes interest expense incurred) recognized in the unaudited consolidated statements of comprehensive loss for the periods indicated below consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the six months ended ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 ​ 2021 ​ 2020 Interest incurred on capital lease and other financing obligations $ 17 ​ $ 52 ​ $ 46 ​ $ 68 Interest expense incurred on ABL facilities and Notes ​ 8,497 ​ ​ 8,990 ​ ​ 17,113 ​ ​ 17,970 Amortization of deferred financing costs on ABL facilities and Notes ​ 1,073 ​ ​ 995 ​ ​ 2,125 ​ ​ 1,899 Amortization of original issue discount on Notes 157 ​ ​ 141 ​ 310 ​ 263 Interest expense, net $ 9,744 ​ $ 10,178 ​ $ 19,594 ​ $ 20,200 ​ Deferred Financing Costs and Original Issue Discount The Company presents unamortized deferred financing costs and unamortized original issue discount as a direct deduction from the principal amount of the Notes on the unaudited consolidated balance sheet as of June 30, 2021. Accumulated amortization expense related to the deferred financing costs was approximately $6.2 million and $4.7 million as of June 30, 2021 and December 31, 2020, respectively. Accumulated amortization of the original issue discount was approximately $1.3 million and $1.0 million as of June 30, 2021 and December 31, 2020, respectively. Accumulated amortization related to revolver deferred financing costs for the ABL facilities was approximately $3.0 million and $2.4 million as of June 30, 2021 and December 31, 2020, respectively. ​ Refer to the components of interest expense in the table above for the amounts of the amortization expense related to the deferred financing costs and original issue discount recognized for each of these debt instruments for the three and six months ended June 30, 2021 and 2020, respectively. ​ Future maturities The aggregate annual principal maturities of debt and capital lease obligations for each of the next five years and thereafter, based on contractual terms are listed in the table below. The schedule of future maturities as of June 30, 2021, consists of the following: ​ ​ ​ ​ ​ Rest of 2021 $ 1,072 2022 ​ 79 2023 ​ 5,000 2024 ​ 340,000 Total ​ $ 346,151 ​

Warrant Liabilities

Warrant Liabilities	6 Months Ended
	Jun. 30, 2021
Warrant Liabilities
Warrant Liabilities	9. Warrant Liabilities On January 17, 2018, Harry E. Sloan, Joshua Kazam, Fredric D. Rosen, the Sara L. Rosen Trust and the Samuel N. Rosen 2015 Trust, purchased from PEAC an aggregate of 5,333,334 warrants at a price of $1.50 per warrant (for an aggregate purchase price of $8.0 million) in a private placement (the “Private Warrants”) that occurred simultaneously with the completion of the Public Offering as defined in Note 15. Each Private Warrant entitles the holder to purchase one share of common stock at $11.50 per share. The purchase price of the Private Warrants was added to the proceeds from the Public Offering and was held in the Trust Account until the closing of the Business Combination. The Private Warrants (including the shares of Common Stock issuable upon exercise of the Private Warrants) were not transferable, assignable or salable until 30 days after the closing date of the Business Combination, and they may be exercised on a cashless basis and are non-redeemable so long as they are held by the initial purchasers of the Private Warrants or their permitted transferees. ​ The Company evaluated the Private Warrants under ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity ​ Subsequent changes in the estimated fair value of the Private Warrants are reflected in the change in fair value of warrant liabilities in the accompanying consolidated statement of comprehensive loss. The change in the estimated fair value of the Private Warrants resulted in a loss (gain) of approximately $2.7 million and ($2.2) million for the six months ended June 30, 2021 and 2020, respectively. For the three months ended June 30, 2021 and 2020, the change in the estimated fair value of the Private Warrants resulted in a loss (gain) of approximately $2.1 million and ($0.5) million, respectively. As of June 30, 2021 and 2020, 5,333,334 Private Warrants were outstanding. ​ The Company determined the following estimated fair values for the outstanding Private Warrants as of the dates indicated below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 (Restated) Warrant liabilities ​ $ 3,253 ​ $ 533 Total ​ $ 3,253 ​ $ 533 ​

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Taxes
Income Taxes	10. Income Taxes Income tax benefit was approximately ($1.5) ​ The effective tax rate for the six months ended June 30, 2021 significantly differs from the US federal statutory rate of 21% primarily due to the permanent add-back related to the change in fair value of warrant liabilities on the Company's warrants as well as the impact of state tax expense based off of gross receipts. ​ The Company accounts for income taxes in interim periods under ASC 740-270, Income Taxes – Interim Reporting ​

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments
Fair Value of Financial Instruments	11. Fair Value of Financial Instruments The fair value of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Company has assessed that the fair value of cash and cash equivalents, trade receivables, related party receivables, trade payables, other current liabilities, and other debt approximates their carrying amounts largely due to the short-term maturities or recent commencement of these instruments. The fair value of the ABL Revolver is primarily based upon observable market data, such as market interest rates, for similar debt. The fair value of the Notes is based upon observable market data. The Company measured the Private Warrant liabilities at fair value on a recurring basis at each reporting period end as more fully discussed below. Changes in the fair value of the Level 1 & 2 Disclosures: The carrying amounts and fair values of financial assets and liabilities, which are either Level 1 or Level 2, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 December 31, 2020 Financial Assets (Liabilities) Not Measured at Fair Value Carrying ​ Fair Value Carrying Fair Value ABL facilities (See Note 8) - Level 2 ​ $ (5,000) ​ $ (5,000) ​ $ (48,000) $ (48,000) Senior Secured Notes (See Note 8) - Level 1 ​ $ (328,304) ​ $ (346,375) ​ $ (326,499) ​ $ (300,900) ​ ​ Recurring fair value measurements ​ Level 3 Disclosures: ​ There were 5,333,334 Private Warrants outstanding as of June 30, 2021 and December 31, 2020. Based on the fair value assessment that was performed, the Company determined a fair value price per Private Warrant of $0.61 and $0.10 as of June 30, 2021 and December 31, 2020, respectively. The fair value is classified as Level 3 in the fair value hierarchy due to the use of pricing inputs that are less observable in the marketplace combined with management judgment required for the assumptions underlying the calculation of value. The Company determined the estimated fair value of the Private Warrants using the Black-Scholes option-pricing model. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ ​ December 31, ​ ​ ​ ​ 2021 ​ ​ ​ 2020 ​ Exercise Price ​ $ 11.50 ​ ​ $ 11.50 ​ Stock Price ​ $ 3.71 ​ ​ $ 1.58 ​ Dividend Yield ​ % 0.00 ​ ​ % 0.00 ​ Expected Term (in Years) ​ ​ 2.71 ​ ​ ​ 3.20 ​ Risk-Free Interest Rate ​ % 0.40 ​ ​ % 0.19 ​ Expected Volatility ​ % 71.00 ​ ​ % 68.00 ​ Per Share Value of Warrants ​ $ 0.61 ​ ​ $ 0.10 ​ ​ The following table presents changes in Level 3 liabilities measured at fair value for the six months ended June 30, 2021: ​ ​ ​ ​ ​ ​ ​ Private Placement Warrants Balance at December 31, 2020 (as Restated) ​ $ 533 Change in fair value of warrant liabilities ​ ​ 640 Balance at March 31, 2021 ​ ​ 1,173 Change in fair value of warrant liabilities ​ ​ 2,080 Balance at June 30, 2021 ​ $ 3,253 ​ ​ There were no transfers of financial instruments between the three levels of the fair value hierarchy during the six months ended June 30, 2021 and 2020 and the year ended December 31, 2020.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies.
Commitments and Contingencies	12. Commitments and Contingencies The Company is involved in various lawsuits or claims in the ordinary course of business. Management is of the opinion that there is no pending claim or lawsuit which, if adversely determined, would have a material impact on the financial condition of the Company.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2021
Related Parties
Related Parties	13. Related Parties During the six months ended June 30, 2021 and 2020 the Company incurred $0.4 million and $0.8 million, respectively, in commissions owed to related parties, included in selling, general and administrative expense in the accompanying consolidated statements of comprehensive loss. For the three months ended June 30, 2021 and 2020, the Company incurred $0.2 million and $0.4 million in commissions, respectively. At June 30, 2021 and December 31, 2020, the Company accrued $0.3 million and $0.3 million, respectively, for these commissions. ​

Earnings (Loss) per Share

Earnings (Loss) per Share	6 Months Ended
	Jun. 30, 2021
Earnings (Loss) per Share
Earnings (Loss) per Share	14. Earnings (Loss) per Share Basic earnings (loss) per share (“EPS” or “LPS”) is calculated by dividing net income or loss attributable to Target Hospitality by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed similarly to basic net income per share, except that it includes the potential dilution that could occur if dilutive securities were exercised. During periods when net losses are incurred, potential dilutive securities would be anti-dilutive and are excluded from the calculation of diluted loss per share for that period. A net loss was recorded for the three months ended June 30, 2021 and 2020. A net loss was also recorded for the six months ended June 30, 2021 and 2020. The following table presents basic and diluted LPS for the periods indicated below ($ in thousands, except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ 2021 ​ 2020 ​ 2021 2020 Numerator ​ ​ ​ ​ (Restated) ​ ​ ​ ​ ​ (Restated) Net loss attributable to Common Stockholders $ (912) ​ $ (13,667) ​ $ (14,052) ​ $ (8,212) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic and diluted ​ 96,545,441 ​ ​ 96,003,079 ​ ​ 96,398,732 ​ ​ 95,926,467 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss per share - basic and diluted $ (0.01) ​ $ (0.14) ​ $ (0.15) ​ $ (0.09) ​ 5,015,898 shares of the 8,050,000 shares of common stock held by the Founders, were placed into escrow concurrent with the Business Combination. Upon being placed into escrow, the voting and economic rights of the shares were suspended for the period they are in escrow. Given that the Founders are not entitled to vote or participate in the economic rewards available to the other shareholders with respect to these shares, these shares are not included in the LPS calculations. ​ The Public and Private Warrants representing a total of 16,166,650 shares of the Company’s common stock for the three and six months ended June 30, 2020 were excluded from the computation of LPS because they are considered anti-dilutive as the exercise price exceeds the average market price of the common stock during the applicable periods. ​ As discussed in Note 16, RSUs and stock options were outstanding for the three and six months ended June 30, 2021. These RSUs and stock options were excluded from the computation of LPS because their effect would have been anti-dilutive. ​ Shares of treasury stock have been excluded from the computation of LPS.

Stockholders Equity

Stockholders Equity	6 Months Ended
	Jun. 30, 2021
Stockholders Equity
Stockholders' Equity	15. Stockholders’ Equity Common Stock ​ As of June 30, 2021, and December 31, 2020, Target Hospitality had 105,682,808 and 105,585,682 shares of Common Stock, par value $0.0001 per share issued with 101,827,537 and 101,170,915 outstanding, respectively. Each share of Common Stock has one vote, except the voting rights related to the 5,015,898 of Founder Shares placed in escrow have been suspended subject to release pursuant to the terms of the earnout agreement entered into at the closing of the Business Combination by and between Harry E. Sloan, Jeff Sagansky, Eli Baker and the Company. ​ Preferred Shares ​ Target Hospitality is authorized to issue 1,000,000 preferred shares at $0.0001 par value. As of June 30, 2021, no preferred shares were issued and outstanding. ​ Public Warrants ​ On January 17, 2018, PEAC sold 32,500,000 units at a price of $10.00 per unit (the “Units”) in its initial public offering (the “Public Offering”), including the issuance of 2,500,000 Units as a result of the underwriters’ partial exercise of their overallotment option. Each Unit consisted of one Class A ordinary share of PEAC, par value $0.0001 per share (the “Public Shares”), and one ​ Each Public Warrant entitles the holder to purchase one share of the Company’s Common Stock at a price of $11.50 per share. No fractional shares will be issued upon exercise of the Public Warrants. If upon exercise of the Public Warrants, a holder would be entitled to receive a fractional interest in a share, the Company will upon exercise, round down to the nearest whole number, the number of shares to be issued to the Public Warrant holder. Each Public Warrant became exercisable 30 days after the completion of the Business Combination. ​ As of June 30, 2021, the Company had 10,833,316 Public Warrants issued and outstanding. ​

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2021
Stock-Based Compensation
Stock-Based Compensation	16. Stock-Based Compensation On March 15, 2019, in connection with the Business Combination, the Company’s Board of Directors approved the adoption of the Target Hospitality Corp. 2019 Incentive Award Plan (the “Plan”), under which 4,000,000 of the Company’s shares of Common Stock were reserved for issuance pursuant to future grants of share awards. The expiration date of the Plan, on and after which date no awards may be granted, is March 15, 2029. ​ On February 25, 2021, the Compensation Committee (the “Compensation Committee”) of the Company’s Board of Directors adopted a new form Executive Restricted Stock Unit Agreement (the “RSU Agreement”) and a form Executive Stock Appreciation Rights Award Agreement (the “SAR Agreement” and together with the RSU Agreement, the “Award Agreements”) with respect to the granting of restricted stock units and stock appreciation rights, respectively, under the Plan. The new Award Agreements will be used for all awards to executive officers made on or after February 25, 2021. The RSU Agreement has material terms that are substantially similar to those in the form Executive Restricted Stock Unit Agreement last approved by the Compensation Committee and previously disclosed by the Company, except for the following: (x) 50% of the restricted stock units (“RSUs”) will vest on the second grant date anniversary and 50% of the RSUs will vest on the third grant date anniversary and (y) if the participant’s employment or service terminates due to Retirement (as defined in the Plan), and the participant has been continuously employed by the Company for at least twelve months following the grant date, then a pro-rata portion of the participant’s RSUs scheduled to vest on the next following vesting date shall vest on his or her termination date based on completed calendar months since either (a) the grant date or (b) the initial vesting date, as applicable. ​ The SAR Agreement has material terms that are substantially similar to those in the form Executive Nonqualified Stock Option Award Agreement last approved by the Compensation Committee and previously disclosed by the Company, except for the following: (x) the change in the equity instrument to a stock appreciation right (“SAR”), which may be settled in shares or cash, (y) 50% of the SARs will vest on the second grant date anniversary and 50% of the SARs will vest on the third grant date anniversary, and (z) if the participant’s employment or service terminates due to Retirement (as defined in the Plan), then (a) if the participant has been continuously employed by the Company for at least twelve months following the grant date, then a pro-rata portion of the SARs scheduled to become vested on the next vesting date shall be vested on the participant’s termination date based on completed calendar months since either (i) the grant date or (ii) the initial vesting date, as applicable; (b) following the application of clause (a), the unvested portion of the SARs shall expire upon such termination of employment or service and (c) the participant may exercise the vested portion of the SARs, but only within such period of time ending on the earlier of (i) two years following such termination of employment or service, or (ii) the Expiration Date (as defined in the SAR Agreement). ​ Restricted Stock Units ​ On February 25, 2021, the Compensation Committee granted time-based RSUs to certain of the Company’s executive officers and other employees. Each RSU represents a contingent right to receive, upon vesting, one share of the Company’s Common Stock or its cash equivalent, as determined by the Company. The number of RSUs granted to certain named executive officers and certain other employees totaled 1,134,524. ​ Additionally, on May 18, 2021, the Company awarded an aggregate of 326,926 time-based RSUs to each of the Company’s non-employee directors, which vest on the first grant date anniversary ​ For the six months ended June 30, 2021, certain of the Company's employees surrendered RSUs owned by them to satisfy their statutory minimum federal and state tax obligations associated with the vesting of RSUs issued under the Plan. ​ The table below represents the changes in RSUs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Weighted Balance at December 31, 2020 ​ ​ 1,124,762 ​ $ 4.21 Granted ​ ​ 1,461,450 ​ ​ 2.00 Vested ​ ​ (641,050) ​ ​ 2.93 Balance at June 30, 2021 ​ ​ 1,945,162 ​ $ 2.97 ​ Stock-based compensation expense for these RSUs recognized in selling, general and administrative expense in the consolidated statement of comprehensive loss for the six months ended June 30, 2021 and 2020, was approximately $1.3 million and $1.6 million, respectively, with an associated tax benefit of $0.3 million and $0.4 million, respectively. For the three months ended June 30, 2021 and 2020, stock-based compensation expense for RSU’s was approximately $0.8 million and $0.8 million, respectively. At June 30, 2021, unrecognized compensation expense related to RSUs totaled approximately $5.1 million and is expected to be recognized over a remaining term of approximately 2.23 years. ​ ​ Stock Option Awards ​ During six months ended June 30, 2021 there were no new grants or other changes in the stock options outstanding. ​ 503,415 stock options were exercisable at June 30, 2021. ​ Stock-based compensation expense for these stock option awards recognized in selling, general and administrative expense in the unaudited consolidated statement of comprehensive loss for the six months ended June 30, 2021 and 2020, was approximately $0.4 million and $0.3 million, respectively, with an associated tax benefit of $0.1 million and $0.1 million, respectively. For the three months ended June 30, 2021 and 2020, stock-based compensation expense was approximately $0.2 million and $0.2 million, respectively, with an associated tax benefit of less than $0.1 million and less than $0.1 million, respectively. At June 30, 2021, unrecognized compensation expense related to stock options totaled $1.8 million and is expected to be recognized over a remaining term of approximately 2.35 years. ​ The fair value of each option award at the grant date was estimated using the Black-Scholes option-pricing model with the following assumptions: ​ ​ ​ ​ ​ Assumptions Weighted average expected stock volatility (range) % 25.94 - 30.90 Expected dividend yield % 0.00 Expected term (years) ​ 6.25 Risk-free interest rate (range) % 0.82 - 2.26 Exercise price (range) $ 4.51 - 10.83 Weighted-average grant date fair value $ 1.42 ​ The volatility assumption used in the Black-Scholes option-pricing model is based on peer group volatility as the Company does not have a sufficient trading history as a stand-alone public company to calculate volatility. Additionally, due to an insufficient history with respect to stock option activity and post vesting cancellations, the expected term assumption is based on the simplified method permitted under SEC rules, whereby, the simple average of the vesting period for each tranche of award and its contractual term is aggregated to arrive at a weighted average expected term for the award. The risk-free interest rate used in the Black-Scholes model is based on the implied US Treasury bill yield curve at the date of grant with a remaining term equal to the Company’s expected term assumption. The Company has never declared or paid a dividend on its shares of common stock. ​ Stock-based payments are subject to service based vesting requirements and expense is recognized on a straight-line basis over the vesting period. Forfeitures are accounted for as they occur. No stock options were forfeited for the six months ended June 30, 2021. ​ Stock Appreciation Right Awards ​ On February 25, 2021, the Compensation Committee granted SARs to certain of the Company’s executive officers and other employees. Each SAR represents a contingent right to receive, upon vesting, payment in cash or the Company’s Common Stock, as determined by the Compensation Committee, in an amount equal to the difference between (a) the fair market value of a Common Share on the date of exercise, over (b) the grant date price. The number of SARs granted to certain named executive officers and certain other employees totaled 1,551,631. ​ The following table summarizes SARs outstanding at June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Units ​ ​ Weighted-Average Exercise Price ​ Weighted-Average Remaining Contractual Term (Years) Outstanding SARs at December 31, 2020 ​ - ​ $ - ​ - Granted ​ 1,551,631 ​ ​ 1.79 ​ 9.66 Outstanding SARs at June 30, 2021 ​ 1,551,631 ​ $ 1.79 ​ 9.66 ​ Under the authoritative guidance for stock-based compensation, these SARs are considered liability-based awards. The Company recognized a liability, which is included in other non-current liabilities in the consolidated balance sheets, associated with its SARs of approximately $0.5 million as of June 30, 2021. These SARs were valued using the Black-Scholes option pricing model, the expected volatility was approximately 43.5%, the term was 6.25 years, the dividend rate was 0.0% and the risk-free interest rate was approximately 1.07%, which resulted in a calculated fair value of approximately $0.78 per SAR as of the grant date. The estimated fair value of each SAR as of June 30, 2021 was $2.94. The fair value of these liability awards will be remeasured at each reporting period until the date of settlement. Increases and decreases in stock-based compensation expense are recognized over the vesting period, or immediately for vested awards. For the six months ended June 30, 2021, the Company recognized compensation expense related to these awards of approximately $0.5 million in selling, general and administrative expense in the unaudited consolidated statement of comprehensive loss. For the three months ended June 30, 2021, the Company recognized compensation expense related to these awards of approximately $0.5 million in selling, general, and administrative expense in the unaudited consolidated statement of comprehensive loss. At June 30, 2021, unrecognized compensation expense related to SARs totaled approximately $4.0 million and is expected to be recognized over a remaining term of approximately 2.66 years. ​ The volatility assumption used in the Black-Scholes option-pricing model is based on peer group volatility as the Company does not have a sufficient trading history as a stand-alone public company to calculate volatility. Additionally, due to an insufficient history with respect to stock option activity and post vesting cancellations, the expected term assumption is based on the simplified method permitted under SEC rules, whereby, the simple average of the vesting period for each tranche of award and its contractual term is aggregated to arrive at a weighted average expected term for the award. The risk-free interest rate used in the Black-Scholes model is based on the implied US Treasury bill yield curve at the date of grant with a remaining term equal to the Company’s expected term assumption. The Company has never declared or paid a dividend on its shares of common stock. ​ Stock-based payments are subject to service based vesting requirements and expense is recognized on a straight-line basis over the vesting period. Forfeitures are accounted for as they occur. No SARs were forfeited for the six months ended June 30, 2021.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2021
Retirement Plans
Retirement Plans	17. Retirement plans We offer a defined contribution 401(k) retirement plan to substantially all of our U.S. employees. Participants may contribute from 1% to 90% of eligible compensation, inclusive of pretax and/or Roth deferrals (subject to Internal Revenue Service limitations), and we make matching contributions under this plan on the first 6% of the participant’s compensation (100% match of the first 3% employee contribution and 50% match on the next 3% contribution). Our matching contributions vest at a rate of 20% per year for each of the employee’s first five years of service and then are fully vested thereafter. For the six months ended June 30, 2021 and 2020, we recognized expense of $0.6 million and $0.4 million, respectively, related to these matching contributions. For the three months ended June 30, 2021 and 2020, we recognized expense of $0.4 million and $0.2 million, respectively.

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2021
Business Segments
Business Segments	18. Business Segments As of June 30, 2021, the Company changed the names of select reportable segments to appropriately align with its diversified hospitality and facilities service offerings. The segments formerly known as Permian Basin and Bakken Basin will now be referred to as Hospitality & Facilities Services – South and Hospitality & Facilities Services – Midwest, respectively. All other reportable segment names will remain unchanged. The Company is organized primarily on the basis of geographic region and customer industry group and operates in four reportable segments. Our remaining operating segments have been consolidated and included in an “All Other” category. The following is a brief description of our reportable segments and a description of business activities conducted by All Other. Hospitality & Facilities Services – South — Hospitality & Facilities Services – Midwest Government TCPL Keystone All Other — The table below presents information about reported segments for the three and six months ended June 30 (except for asset information for 2020 that is presented as of December 31): 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services - South Hospitality & Facilities Services - Midwest Government TCPL Keystone ​ All Other Total For the Six Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 53,283 ​ $ 1,327 ​ $ 62,827 ​ $ 2,403 ​ $ 638 (a) $ 120,478 Adjusted gross profit ​ $ 24,274 ​ $ (798) ​ $ 40,826 ​ $ 811 ​ $ (235) ​ $ 64,878 Total Assets ​ $ 224,322 ​ $ 49,264 ​ $ 71,995 ​ $ 3,487 ​ $ 2,655 ​ $ 351,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 28,190 ​ $ 730 ​ $ 44,788 ​ $ 933 ​ $ 345 ​ $ 74,986 Adjusted gross profit ​ $ 13,615 ​ $ (249) ​ $ 27,023 ​ $ 604 ​ $ (16) ​ $ 40,977 ​ ​ ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services - South Hospitality & Facilities Services - Midwest Government TCPL Keystone ​ All Other Total For the Six Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 70,195 ​ $ 4,551 ​ $ 33,263 ​ $ 16,528 ​ $ 737 (a) $ 125,274 Adjusted gross profit ​ $ 33,653 ​ $ 235 ​ $ 24,488 ​ $ 2,393 ​ $ (265) ​ $ 60,504 Total Assets (as of December 31, 2020) ​ $ 277,839 ​ $ 51,782 ​ $ 27,149 ​ $ 3,543 ​ $ 3,231 ​ $ 363,544 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 21,064 ​ $ 366 ​ $ 16,671 ​ $ 15,394 ​ $ 125 ​ $ 53,620 Adjusted gross profit ​ $ 6,860 ​ $ (1,169) ​ $ 12,909 ​ $ 2,054 ​ $ (194) ​ $ 20,460 ​ (a) Revenues are attributable to three operating segments of the Company and are reported in the “All Other” category previously described. A reconciliation of total segment adjusted gross profit to total consolidated loss before income taxes for the dates indicated below, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ ​ June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 ​ ​ ​ ​ ​ ​ (Restated) ​ ​ ​ ​ ​ (Restated) Total reportable segment adjusted gross profit ​ $ 40,993 ​ $ 20,654 ​ $ 65,113 ​ $ 60,769 Other adjusted gross profit ​ (16) ​ (194) ​ (235) ​ (265) Depreciation and amortization ​ (18,004) ​ (16,364) ​ (34,440) ​ (33,376) Selling, general, and administrative expenses ​ (11,677) ​ (10,101) ​ (23,009) ​ (20,092) Other expense (income), net ​ (444) ​ (446) ​ (690) ​ 569 Interest expense, net ​ (9,744) ​ (10,178) ​ (19,594) ​ (20,200) Change in fair value of warrant liabilities ​ ​ (2,080) ​ ​ 533 ​ ​ (2,720) ​ ​ 2,187 Consolidated loss before income taxes ​ $ (972) ​ $ (16,096) ​ $ (15,575) ​ $ (10,408) ​ ​ A reconciliation of total segment assets to total consolidated assets as of the dates indicated below, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 Total reportable segment assets ​ $ 349,068 ​ $ 360,313 Other assets ​ 2,655 ​ 3,231 Other unallocated amounts ​ 162,253 ​ 170,693 Total Assets ​ $ 513,976 ​ $ 534,237 ​ Other unallocated assets consist of the following as reported in the consolidated balance sheets of the Company as of the dates indicated below: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 December 31, 2020 Total current assets ​ $ 41,834 ​ $ 43,562 Other intangible assets, net ​ 95,800 ​ 103,121 Deferred tax asset ​ 17,307 ​ 15,179 Deferred financing costs revolver, net ​ 2,794 ​ 3,422 Other non-current assets ​ 4,518 ​ 5,409 Total other unallocated amounts of assets ​ $ 162,253 ​ $ 170,693 ​

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events
Subsequent Events	19. Subsequent Events On July 6, 2021, the Company paid off its remaining outstanding balance of $5 million on the New ABL Facility. ​ On July 23, 2021, the Company executed a Termination and Settlement Agreement with TC Energy, which effectively terminated the Company’s contract with TC Energy that was originated in 2013. The Termination and Settlement Agreement also released the Company from any outstanding work performance obligations under the 2013 contract (including all change orders, limited notices to proceed, and amendments). Additionally, the Termination and Settlement Agreement resulted in an agreed upon termination fee amount of approximately $5 million that was collected in cash on July 27, 2021. This Termination and Settlement Agreement also resulted in the recognition of approximately $4.9 million of deferred revenue as of the effective date of the Termination and Settlement Agreement. This event will impact the Company’s TCPL Keystone segment. ​ ​

Organization and Nature of Op_2

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies
Organization and Nature of Operations	Organization and Nature of Operations Target Hospitality Corp. (“Target Hospitality” or the “Company”) was formed on March 15, 2019 and is North America’s largest provider of vertically integrated modular accommodations and value-added hospitality services. The Company provides vertically integrated specialty rental and comprehensive hospitality services including catering and food services, maintenance, housekeeping, grounds-keeping, security, health and recreation services, overall workforce community management, and laundry service. Target Hospitality serves clients in oil, gas, mining, alternative energy, government and immigrations sectors principally located in the West Texas, South Texas, Oklahoma and Midwest regions, as well as various large linear-construction (pipeline and infrastructure) projects in the United States. ​ The Company, whose securities are listed on the Nasdaq Global Market, serves as the holding company for the businesses of Target Logistics Management, LLC and its subsidiaries (“Target”) and RL Signor Holdings, LLC and its subsidiaries (“Signor”). TDR Capital LLP (“TDR Capital” or “TDR”) owns approximately 64% of Target Hospitality and the remaining ownership is broken out among the founders of the Company’s legal predecessor, Platinum Eagle Acquisition Corp. (“Platinum Eagle” or “PEAC”), investors in Platinum Eagle’s private placement transaction completed substantially and concurrently with the Business Combination (as defined below) (the “PIPE”), and other public shareholders. Platinum Eagle was originally incorporated on July 12, 2017 as a Cayman Islands exempted company, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. References in this Quarterly Report on Form 10-Q to the Company refer to Target Hospitality for all periods at or after March 15, 2019 and Platinum Eagle for all periods prior to March 15, 2019, unless the context requires otherwise. ​ On November 13, 2018, PEAC entered into: (i) the agreement and plan of merger, as amended on January 4, 2019 (the “Signor Merger Agreement”), by and among PEAC, Signor Merger Sub LLC, a Delaware limited liability company and wholly-owned subsidiary of Platinum Eagle and sister company to the Holdco Acquiror (defined below as Topaz Holdings LLC) (“Signor Merger Sub”), Arrow Holdings S.a.r.l., a Luxembourg société à responsabilité limitée besloten vennootschap ​ Target Parent was formed by TDR in September 2017. Prior to the Business Combination, Target Parent was directly owned by Algeco Scotsman Global S.a.r.l. (“ASG”) which is ultimately owned by a group of investment funds managed and controlled by TDR. During 2018, ASG assigned all of its ownership interest in Target Parent to the Algeco Seller, an affiliate of ASG that is also ultimately owned by a group of investment funds managed and controlled by TDR. Target Parent acted as a holding company that included the U.S. corporate employees of ASG and certain of its affiliates and certain related administrative costs and was the owner of Target, its operating company. Target Parent received capital contributions, made distributions, and maintained cash as well as other amounts owed to and from affiliated entities. As discussed above, in connection with the closing of the Business Combination, Target Parent merged with and into Bidco, with Bidco as the surviving entity. Signor Parent owned 100% of Bidco until the closing of the Business Combination in connection with which Signor Parent merged with and into Topaz with Topaz being the surviving entity. Prior to the Business Combination, Signor Parent was owned by the Arrow Seller, which is ultimately owned by a group of investment funds managed and controlled by TDR. Signor Parent was formed in August 2018 and acted as a holding company for Bidco, which was formed in September 2018, also as a holding company. Bidco acquired Signor on September 7, 2018. Neither Signor Parent nor Bidco had operating activity, but each received capital contributions, made distributions, and maintained cash as well as other amounts owed to and from affiliated entities. Signor Parent was dissolved upon consummation of the Business Combination and merger with Topaz described above on March 15, 2019.
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) has been condensed or omitted pursuant to those rules and regulations. The financial statements included in this report should be read in conjunction with the Target Hospitality Annual Report on Form 10-K/A for the year ended December 31, 2020, filed with the SEC on May 24, 2021 (the “2020 Form 10-K/A”). The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the operating results that may be expected for the full fiscal year ending December 31, 2021 or any future period. The accompanying unaudited consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments, except for the restatement discussed below, necessary for a fair statement of financial position as of June 30, 2021, and results of operations for the three and six months ended June 30, 2021 and 2020, and cash flows for the three and six months ended June 30, 2021 and 2020. The consolidated balance sheet as of December 31, 2020, was derived from the audited consolidated balance sheets of Target Hospitality Corp. but does not contain all of the footnote disclosures from those annual financial statements. Restatement of Previously Issued Consolidated Financial Statements ​ The notes included herein should be read in conjunction with the Company's restated audited consolidated financial statements included in the 2020 Form 10-K/A. ​ As previously disclosed in the 2020 Form 10-K/A, we restated the Company’s previously issued consolidated financial statements as of and for the year ended December 31, 2020, as well as each of the quarters within 2020 to make the necessary accounting corrections related to warrant accounting. We have restated herein our consolidated financial statements as of and for the quarter and period ended June 30, 2020. We have also restated related amounts within the accompanying footnotes to the consolidated financial statements. The impact of this restatement on the financial statements for the three and six months ended June 30, 2020 was a decrease to net loss of approximately $0.5 million and $2.2 million, respectively.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts may differ from those included in the accompanying unaudited consolidated financial statements.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements comprise the financial statements of the Company and its subsidiaries that it controls due to ownership of a majority voting interest. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continue to be consolidated until the date when such control ceases. The financial statements of the subsidiaries are prepared for the same reporting period as the Company. All intercompany balances and transactions are eliminated.
Revenue Recognition	Revenue Recognition The Company derives revenue from specialty rental and hospitality services, specifically lodging and related ancillary services. Revenue is recognized in the period in which lodging and services are provided pursuant to the terms of contractual relationships with the customers. Certain arrangements contain a lease of lodging facilities to customers. The leases are accounted for as an operating lease under the authoritative guidance for leases and are recognized as income using the straight-line method over the term of the lease agreement. Because performance obligations related to specialty rental and hospitality services are satisfied over time, the majority of our revenue is recognized on a daily basis, for each night a customer stays, at a contractual day rate. Our customers typically contract for accommodation services under committed contracts with terms that most often range from several months to three years. Our payment terms vary by type and location of our customer and the service offered. The time between invoicing and when payment is due is not significant. When lodging and services are billed and collected in advance, recognition of revenue is deferred until services are rendered. Certain of the Company’s contractual arrangements allow customers the ability to use paid but unused lodging and services for a specified period. The Company recognizes revenue for these paid but unused lodging and services as they are consumed, as it becomes probable the lodging and services will not be used, or upon expiration of the specified term. Cost of services includes labor, food, utilities, supplies, rent and other direct costs associated with operating the lodging units as well as costs associated with construction services. Cost of rental includes leasing costs and other direct costs of maintaining the lodging units. Costs associated with contracts include sales commissions which are expensed as incurred and reflected in selling, general and administrative expenses in the consolidated statements of comprehensive loss. The Company recognizes revenue associated with community construction using the percentage of completion method with progress towards completion measured using the cost-to-cost method as the basis to recognize revenue. Management believes this cost-to-cost method is the most appropriate measure of progress to the satisfaction of a performance obligation on the community construction. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, estimated profitability and final contract settlements may result in revisions to projected costs and revenue and are recognized in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated. Factors that may affect future project costs and margins include weather, production efficiencies, availability and costs of labor, materials and subcomponents. Additionally, the Company collects sales, use, occupancy and similar taxes, which the Company presents on a net basis (excluded from revenues) in the consolidated statements of comprehensive loss.
Recently Issued Accounting Standards	Recently Issued Accounting Standards The Company meets the definition of an emerging growth company (“EGC”) as defined under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). In reliance on exemptions provided under the JOBS Act for EGCs, the Company has elected to defer compliance with new or revised financial accounting standards until a company that is not an issuer (as defined under section 2(a) of the Sarbanes-Oxley Act of 2002) is required to comply with such standards. As such, compliance dates included below pertain to non-issuers, and as permitted, early adoption dates are indicated. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Leases (ASC 840) In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses ASU 2016-13 or Topic 326 Codification Improvements to Topic 326, Financial Instruments - Credit Losses
Recent Developments - COVID-19 and Disruption to Global Demand	Recent Developments – CO VI D-19 and D isruption to Global Demand ​ The global outbreak of COVID-19 and the declaration of a pandemic by the World Health Organization on March 11, 2020 has presented new and continuing risks to the Company’s business. Prior to March 2020, the Company’s results of operations were largely in line with expectations and subsequent to March 2020, we began to experience a decline in revenues. The COVID-19 pandemic has not impacted the Company’s ability to operate nor has it materially disrupted the Company’s supply chain, disrupted service, or caused a shortage of critical products at our communities. However, the situation surrounding COVID-19 and the decrease in global economic demand had a material adverse impact on the Company’s operating results, as a result of which the Company implemented several cost containment measures primarily initiated in April of 2020, including salary reductions, reductions in workforce, furloughs, reduced discretionary spending and elimination of all non-essential travel. In addition to these measures, the Company temporarily closed and consolidated several communities in the Hospitality & Facilities Services - South segment and in May of 2020, the Company temporarily closed all communities in the Hospitality & Facilities Services - Midwest segment. The Company began re-opening communities in both the Hospitality & Facilities Services - South and Midwest segments in July of 2020 as customer activity levels began to increase. Additionally, the Company executed contract modifications with several customers resulting in extended terms and reduced minimum contract commitments in 2020. These modifications utilize multi-year contract extensions to maintain contract value and provide the Company with greater visibility on long-term revenue and cash flow. This mutually beneficial approach balanced average daily rates with contract term and positions the Company to take advantage of a more balanced market. There have been significant changes to the global economic situation and to public securities markets as a result of COVID-19. vaccines, could lead people to continue to self-isolate and not participate in the economy at pre-pandemic levels for a prolonged period of time. Further, even if vaccines are widely distributed and accepted, there can be no assurance that the vaccines will ultimately be successful in limiting or stopping the spread of COVID-19 or its variants. It is possible that these changes could cause changes to estimates as a result of the markets in which the Company operates, the price of the Company’s publicly traded equity and debt in comparison to the Company’s carrying value. Such changes to estimates could potentially result in impacts that would be material to the Company’s consolidated financial statements, particularly with respect to the fair value of the Company’s reporting units in relation to potential goodwill impairment, the fair value of long-lived and other intangible assets in relation to potential impairment and the allowance for doubtful accounts. ​ As a result of the impact of COVID-19 and the disruption to the global economy, in the first quarter of 2020 we also concluded a trigger event had occurred and we tested our long-lived and intangible assets, including goodwill, for impairment. ​ Additionally, in connection with COVID-19, on March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"). The CARES Act, among other things, included provisions relating to the 80 percent limitation of net operating loss and modifications to the business interest deduction limitations. We evaluated how the provisions in the CARES Act would impact our consolidated financial statements and concluded that the CARES Act did not have a material impact on our provision for income taxes for the three and six months ended June 30, 2021 and 2020

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue
Summary of disaggregation of revenue by reportable segments as well as the all other category	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ ​ June 30, ​ June 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Hospitality & Facilities Services - South ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 25,796 ​ $ 18,340 ​ $ 48,997 ​ $ 61,627 Total Hospitality & Facilities Services - South revenues ​ ​ 25,796 ​ ​ 18,340 ​ ​ 48,998 ​ ​ 61,627 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services - Midwest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 730 ​ $ 366 ​ $ 1,327 ​ $ 4,551 Total Hospitality & Facilities Services - Midwest revenues ​ ​ 730 ​ ​ 366 ​ ​ 1,327 ​ ​ 4,551 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Government ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 26,355 ​ $ 6,426 ​ $ 34,665 ​ $ 12,280 Total Government revenues ​ ​ 26,355 ​ ​ 6,426 ​ ​ 34,665 ​ ​ 12,280 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TCPL Keystone ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 422 ​ $ - ​ $ 958 ​ $ - Construction fee income ​ ​ 511 ​ ​ 15,395 ​ ​ 1,445 ​ ​ 16,528 Total TCPL Keystone revenues ​ ​ 933 ​ ​ 15,395 ​ ​ 2,403 ​ ​ 16,528 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ All Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 345 ​ $ 125 ​ $ 637 ​ $ 738 Total All Other revenues ​ ​ 345 ​ ​ 125 ​ ​ 637 ​ ​ 738 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 54,159 ​ $ 40,652 ​ $ 88,030 ​ $ 95,724
Summary of contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For Six Months Ended ​ ​ June 30, ​ 2021 ​ 2020 Balances at Beginning of the Period ​ $ 18,371 ​ $ 26,199 Additions to deferred revenue ​ 61,045 ​ 2,812 Revenue recognized ​ (33,235) ​ (10,843) Balances at End of the Period ​ $ 46,181 ​ $ 18,168
Summary of revenue expected to be recognized from contracts where the price and quantity of the product or service are fixed	As of June 30, 2021, for contracts greater than one year, the following table discloses the estimated revenues related to performance obligations that are unsatisfied (or partially unsatisfied) and when we expect to recognize the revenue, and only represents revenue expected to be recognized from contracts where the price and quantity of the product or service are fixed: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2021 2022 2023 ​ 2024 ​ 2025 ​ 2026 Total Revenue expected to be recognized as of June 30, 2021 ​ $ 65,911 ​ $ 48,680 ​ $ 18,699 ​ $ 18,748 ​ $ 18,699 ​ $ 13,987 ​ $ 184,724

Specialty Rental Assets, Net (T

Specialty Rental Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2021
Specialty Rental Assets, Net
Schedule of Specialty rental assets	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Specialty rental assets ​ $ 563,406 ​ $ 547,375 Construction-in-process ​ 5,434 ​ 5,828 Less: accumulated depreciation ​ (268,511) ​ (241,716) Specialty rental assets, net ​ $ 300,329 ​ $ 311,487

Other Property, Plant and Equ_2

Other Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2021
Other Property, Plant and Equipment, Net
Schedule of other property, plant and equipment, net	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Land ​ $ 9,163 ​ $ 9,163 Buildings and leasehold improvements ​ 115 ​ 115 Machinery and office equipment ​ 1,175 ​ 1,072 Software and other ​ 3,754 ​ 3,752 ​ ​ 14,207 ​ 14,102 Less: accumulated depreciation ​ (3,851) ​ (3,083) Total other property, plant and equipment, net ​ $ 10,356 ​ $ 11,019

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Other Intangible Assets, net
Schedule of changes in carrying amount of goodwill	​ ​ ​ ​ ​ ​ Hospitality and Facilities Services - South Balance at January 1, 2020 ​ $ 41,038 Changes in Goodwill ​ ​ - Balance at December 31, 2020 ​ ​ 41,038 Changes in Goodwill ​ ​ - Balance at June 30, 2021 ​ $ 41,038
Schedule of intangible assets other than goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ average ​ Carrying ​ Accumulated ​ Net Book ​ remaining lives Amount Amortization Value Intangible assets subject to amortization ​ ​ ​ Customer relationships 6.0 ​ $ 128,907 ​ $ (49,507) ​ $ 79,400 Total ​ ​ ​ ​ 128,907 ​ ​ (49,507) ​ ​ 79,400 Indefinite lived assets: ​ ​ ​ Tradenames ​ 16,400 ​ — ​ 16,400 Total intangible assets other than goodwill ​ $ 145,307 ​ $ (49,507) ​ $ 95,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ average ​ Carrying ​ Accumulated ​ Net Book ​ remaining lives Amount Amortization Value Intangible assets subject to amortization ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer relationships 6.4 $ 128,907 $ (42,186) $ 86,721 Total ​ ​ ​ ​ 128,907 ​ ​ (42,186) ​ ​ 86,721 Indefinite lived assets: ​ ​ ​ Tradenames ​ 16,400 ​ — ​ 16,400 Total intangible assets other than goodwill ​ $ 145,307 ​ $ (42,186) ​ $ 103,121 ​
Schedule of estimated aggregate amortization expense	​ ​ ​ ​ ​ Rest of 2021 $ 7,334 2022 ​ ​ 13,302 2023 ​ ​ 12,881 2024 ​ ​ 12,881 2025 ​ ​ 12,881 Thereafter ​ ​ 20,121 Total ​ $ 79,400

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Other Non-Current Assets
Schedule of other non-current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Cloud computing implementation costs ​ $ 7,198 ​ $ 7,094 Less: accumulated amortization ​ ​ (2,746) ​ ​ (1,685) Other non-current assets ​ $ 4,452 ​ $ 5,409

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Accrued Liabilities
Schedule of accrued liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Employee accrued compensation expense ​ $ 7,084 ​ $ 6,177 Other accrued liabilities ​ 8,518 ​ 8,873 Accrued interest on debt ​ ​ 9,870 ​ ​ 9,649 Total accrued liabilities ​ $ 25,472 ​ $ 24,699

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt
Summary of carrying value of debt outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 2020 Capital lease and other financing obligations ​ $ 1,151 ​ $ 3,840 ABL facilities ​ 5,000 ​ 48,000 9.50% Senior Secured Notes due 2024, face amount ​ ​ 340,000 ​ ​ 340,000 Less: unamortized original issue discount ​ ​ (2,009) ​ ​ (2,319) Less: unamortized term loan deferred financing costs ​ ​ (9,687) ​ ​ (11,182) Total debt, net ​ 334,455 ​ 378,339 Less: current maturities ​ (1,151) ​ (3,571) Total long-term debt ​ $ 333,304 ​ $ 374,768
Schedule of debt redemption	​ ​ ​ ​ ​ ​ ​ ​ Redemption Year ​ ​ Price 2021 ​ ​ 104.750% 2022 ​ ​ 102.375% 2023 and thereafter ​ ​ 100.000%
Components of interest expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the six months ended ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 ​ 2021 ​ 2020 Interest incurred on capital lease and other financing obligations $ 17 ​ $ 52 ​ $ 46 ​ $ 68 Interest expense incurred on ABL facilities and Notes ​ 8,497 ​ ​ 8,990 ​ ​ 17,113 ​ ​ 17,970 Amortization of deferred financing costs on ABL facilities and Notes ​ 1,073 ​ ​ 995 ​ ​ 2,125 ​ ​ 1,899 Amortization of original issue discount on Notes 157 ​ ​ 141 ​ 310 ​ 263 Interest expense, net $ 9,744 ​ $ 10,178 ​ $ 19,594 ​ $ 20,200
Schedule of future maturities	​ ​ ​ ​ ​ Rest of 2021 $ 1,072 2022 ​ 79 2023 ​ 5,000 2024 ​ 340,000 Total ​ $ 346,151
Senior Secured Notes 2024
Debt
Summary of carrying value of debt outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal ​ Unamortized Original Issue Discount ​ Unamortized Deferred Financing Costs 9.50% Senior Secured Notes, due 2024 ​ $ 340,000 ​ $ 2,009 ​ $ 9,687

Warrant Liabilities (Tables)

Warrant Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Warrant Liabilities
Schedule of warrant liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 (Restated) Warrant liabilities ​ $ 3,253 ​ $ 533 Total ​ $ 3,253 ​ $ 533

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments
Summary of carrying amounts and fair values of financial assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 December 31, 2020 Financial Assets (Liabilities) Not Measured at Fair Value Carrying ​ Fair Value Carrying Fair Value ABL facilities (See Note 8) - Level 2 ​ $ (5,000) ​ $ (5,000) ​ $ (48,000) $ (48,000) Senior Secured Notes (See Note 8) - Level 1 ​ $ (328,304) ​ $ (346,375) ​ $ (326,499) ​ $ (300,900)
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ ​ December 31, ​ ​ ​ ​ 2021 ​ ​ ​ 2020 ​ Exercise Price ​ $ 11.50 ​ ​ $ 11.50 ​ Stock Price ​ $ 3.71 ​ ​ $ 1.58 ​ Dividend Yield ​ % 0.00 ​ ​ % 0.00 ​ Expected Term (in Years) ​ ​ 2.71 ​ ​ ​ 3.20 ​ Risk-Free Interest Rate ​ % 0.40 ​ ​ % 0.19 ​ Expected Volatility ​ % 71.00 ​ ​ % 68.00 ​ Per Share Value of Warrants ​ $ 0.61 ​ ​ $ 0.10 ​
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	​ ​ ​ ​ ​ ​ ​ Private Placement Warrants Balance at December 31, 2020 (as Restated) ​ $ 533 Change in fair value of warrant liabilities ​ ​ 640 Balance at March 31, 2021 ​ ​ 1,173 Change in fair value of warrant liabilities ​ ​ 2,080 Balance at June 30, 2021 ​ $ 3,253

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings (Loss) per Share
Schedule of reconciliation of net loss and weighted-average shares of common stock outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ 2021 ​ 2020 ​ 2021 2020 Numerator ​ ​ ​ ​ (Restated) ​ ​ ​ ​ ​ (Restated) Net loss attributable to Common Stockholders $ (912) ​ $ (13,667) ​ $ (14,052) ​ $ (8,212) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic and diluted ​ 96,545,441 ​ ​ 96,003,079 ​ ​ 96,398,732 ​ ​ 95,926,467 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss per share - basic and diluted $ (0.01) ​ $ (0.14) ​ $ (0.15) ​ $ (0.09)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Stock-Based Compensation
Schedule of changes in restricted stock units	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Weighted Balance at December 31, 2020 ​ ​ 1,124,762 ​ $ 4.21 Granted ​ ​ 1,461,450 ​ ​ 2.00 Vested ​ ​ (641,050) ​ ​ 2.93 Balance at June 30, 2021 ​ ​ 1,945,162 ​ $ 2.97
Schedule of assumptions using Black-scholes option-pricing model	​ ​ ​ ​ ​ Assumptions Weighted average expected stock volatility (range) % 25.94 - 30.90 Expected dividend yield % 0.00 Expected term (years) ​ 6.25 Risk-free interest rate (range) % 0.82 - 2.26 Exercise price (range) $ 4.51 - 10.83 Weighted-average grant date fair value $ 1.42
Stock appreciation right awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Units ​ ​ Weighted-Average Exercise Price ​ Weighted-Average Remaining Contractual Term (Years) Outstanding SARs at December 31, 2020 ​ - ​ $ - ​ - Granted ​ 1,551,631 ​ ​ 1.79 ​ 9.66 Outstanding SARs at June 30, 2021 ​ 1,551,631 ​ $ 1.79 ​ 9.66

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2021
Business Segments
Schedule of Segment Reporting Information	The table below presents information about reported segments for the three and six months ended June 30 (except for asset information for 2020 that is presented as of December 31): 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services - South Hospitality & Facilities Services - Midwest Government TCPL Keystone ​ All Other Total For the Six Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 53,283 ​ $ 1,327 ​ $ 62,827 ​ $ 2,403 ​ $ 638 (a) $ 120,478 Adjusted gross profit ​ $ 24,274 ​ $ (798) ​ $ 40,826 ​ $ 811 ​ $ (235) ​ $ 64,878 Total Assets ​ $ 224,322 ​ $ 49,264 ​ $ 71,995 ​ $ 3,487 ​ $ 2,655 ​ $ 351,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 28,190 ​ $ 730 ​ $ 44,788 ​ $ 933 ​ $ 345 ​ $ 74,986 Adjusted gross profit ​ $ 13,615 ​ $ (249) ​ $ 27,023 ​ $ 604 ​ $ (16) ​ $ 40,977 ​ ​ ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services - South Hospitality & Facilities Services - Midwest Government TCPL Keystone ​ All Other Total For the Six Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 70,195 ​ $ 4,551 ​ $ 33,263 ​ $ 16,528 ​ $ 737 (a) $ 125,274 Adjusted gross profit ​ $ 33,653 ​ $ 235 ​ $ 24,488 ​ $ 2,393 ​ $ (265) ​ $ 60,504 Total Assets (as of December 31, 2020) ​ $ 277,839 ​ $ 51,782 ​ $ 27,149 ​ $ 3,543 ​ $ 3,231 ​ $ 363,544 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenue ​ $ 21,064 ​ $ 366 ​ $ 16,671 ​ $ 15,394 ​ $ 125 ​ $ 53,620 Adjusted gross profit ​ $ 6,860 ​ $ (1,169) ​ $ 12,909 ​ $ 2,054 ​ $ (194) ​ $ 20,460 ​ (a) Revenues are attributable to three operating segments of the Company and are reported in the “All Other” category previously described.
Schedule of reconciliation of total segment adjusted gross profit	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended ​ For the Six Months Ended ​ ​ June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 ​ ​ ​ ​ ​ ​ (Restated) ​ ​ ​ ​ ​ (Restated) Total reportable segment adjusted gross profit ​ $ 40,993 ​ $ 20,654 ​ $ 65,113 ​ $ 60,769 Other adjusted gross profit ​ (16) ​ (194) ​ (235) ​ (265) Depreciation and amortization ​ (18,004) ​ (16,364) ​ (34,440) ​ (33,376) Selling, general, and administrative expenses ​ (11,677) ​ (10,101) ​ (23,009) ​ (20,092) Other expense (income), net ​ (444) ​ (446) ​ (690) ​ 569 Interest expense, net ​ (9,744) ​ (10,178) ​ (19,594) ​ (20,200) Change in fair value of warrant liabilities ​ ​ (2,080) ​ ​ 533 ​ ​ (2,720) ​ ​ 2,187 Consolidated loss before income taxes ​ $ (972) ​ $ (16,096) ​ $ (15,575) ​ $ (10,408)
Schedule of reconciliation of total segment assets to total combined assets	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ December 31, 2020 Total reportable segment assets ​ $ 349,068 ​ $ 360,313 Other assets ​ 2,655 ​ 3,231 Other unallocated amounts ​ 162,253 ​ 170,693 Total Assets ​ $ 513,976 ​ $ 534,237
Schedule of unallocated assets consist of the following as reported in the combined balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 December 31, 2020 Total current assets ​ $ 41,834 ​ $ 43,562 Other intangible assets, net ​ 95,800 ​ 103,121 Deferred tax asset ​ 17,307 ​ 15,179 Deferred financing costs revolver, net ​ 2,794 ​ 3,422 Other non-current assets ​ 4,518 ​ 5,409 Total other unallocated amounts of assets ​ $ 162,253 ​ $ 170,693

Organization and Nature of Op_3

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 15, 2019	Jun. 30, 2021	Dec. 31, 2020
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001
Algeco and Arrow
Purchase price	$ 1,311
Common Stock, Par or Stated Value Per Share	$ 0.0001
TDR Capital | Target Hospitality
Ownership interest in an affiliate		64.00%
Signor | Bidco
Ownership percentage		100.00%

Organization and Nature of Op_4

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Revenue Recognition (Details)	6 Months Ended
	Jun. 30, 2021
Maximum
Contract for accommodation services under take-or-pay contracts term	3 years

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue, Topic 606	$ 54,159	$ 40,652	$ 88,030	$ 95,724
Revenue.	74,986	53,620	120,478	125,274
Services
Disaggregation of Revenue [Line Items]
Revenue, Topic 606	53,648	25,257	86,585	79,195
Specialty rental
Disaggregation of Revenue [Line Items]
Revenue Not from Contract with Customer	$ 20,827	$ 12,968	$ 32,448	$ 29,551

Revenue - Disaggregation Revenu

Revenue - Disaggregation Revenue (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)segment
Disaggregation of Revenue [Line Items]
Number of Reportable Segments | segment			4	4
Total Revenue	$ 54,159	$ 40,652	$ 88,030	$ 95,724
Hospitality And Facilities Services South [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	25,796	18,340	48,998	61,627
Hospitality And Facilities Services Midwest [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	730	366	1,327	4,551
Government
Disaggregation of Revenue [Line Items]
Total Revenue	26,355	6,426	34,665	12,280
TCPL Keystone
Disaggregation of Revenue [Line Items]
Total Revenue	933	15,395	2,403	16,528
All Other
Disaggregation of Revenue [Line Items]
Total Revenue	345	125	637	738
Services
Disaggregation of Revenue [Line Items]
Total Revenue	53,648	25,257	86,585	79,195
Services | Hospitality And Facilities Services South [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	25,796	18,340	48,997	61,627
Services | Hospitality And Facilities Services Midwest [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	730	366	1,327	4,551
Services | Government
Disaggregation of Revenue [Line Items]
Total Revenue	26,355	6,426	34,665	12,280
Services | TCPL Keystone
Disaggregation of Revenue [Line Items]
Total Revenue	422		958
Services | All Other
Disaggregation of Revenue [Line Items]
Total Revenue	345	125	637	738
Construction fee
Disaggregation of Revenue [Line Items]
Total Revenue	511	15,395	1,445	16,528
Construction fee | TCPL Keystone
Disaggregation of Revenue [Line Items]
Total Revenue	$ 511	$ 15,395	$ 1,445	$ 16,528

Revenue - Contract Liabilities

Revenue - Contract Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Change in Contract with Customer, Liability [Abstract]
Balances at Beginning of Year	$ 18,371	$ 26,199
Additions to deferred revenue	61,045	2,812
Revenue recognized	(33,235)	(10,843)
Balances at End of Year	46,181	$ 18,168
TCPL Keystone
Change in Contract with Customer, Liability [Abstract]
Balances at End of Year	$ 4,900

Revenue - Revenue Expected to b

Revenue - Revenue Expected to be Recognized (Details) $ in Thousands	Jun. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 184,724
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue expected to be recognized	$ 65,911
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue expected to be recognized	$ 48,680
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue expected to be recognized	$ 18,699
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue expected to be recognized	$ 18,748
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue expected to be recognized	$ 18,699
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue expected to be recognized	$ 13,987

Specialty Rental Assets, Net (D

Specialty Rental Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (268,511)		$ (268,511)		$ (241,716)
Specialty rental assets, net	300,329		300,329		311,487
Depreciation	13,908	$ 12,266	26,348	$ 25,162
Specialty rental assets
Property, Plant and Equipment [Line Items]
Specialty rental assets, gross	563,406		563,406		547,375
Depreciation	13,900	$ 12,300	26,300	$ 25,200
Construction-in-process
Property, Plant and Equipment [Line Items]
Specialty rental assets, gross	$ 5,434		$ 5,434		$ 5,828

Other Property, Plant and Equ_3

Other Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Other property, plant and equipment
Other property, plant and equipment, gross	$ 14,207		$ 14,207		$ 14,102
Less: accumulated depreciation	(3,851)		(3,851)		(3,083)
Property, Plant and Equipment, Other, Net, Total	10,356		10,356		11,019
Depreciation on Other PPE	4,096	$ 4,098	8,092	$ 8,214
Land
Other property, plant and equipment
Other property, plant and equipment, gross	9,163		9,163		9,163
Buildings and leasehold improvements
Other property, plant and equipment
Other property, plant and equipment, gross	115		115		115
Machinery and office equipment
Other property, plant and equipment
Other property, plant and equipment, gross	1,175		1,175		1,072
Software and other
Other property, plant and equipment
Other property, plant and equipment, gross	3,754		3,754		$ 3,752
Property, Plant and Equipment Other Types
Other property, plant and equipment
Depreciation on Other PPE	$ 400	$ 400	$ 800	$ 800

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, net - Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill and Other Intangible Assets, net
Goodwill, Beginning Balance	$ 41,038	$ 41,038
Goodwill, Ending Balance	$ 41,038	$ 41,038

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, net - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Intangible assets subject to amortization
Gross Carrying Amount	$ 128,907		$ 128,907		$ 128,907
Accumulated Amortization	(49,507)		(49,507)		(42,186)
Net Book Value	79,400		79,400		86,721
Total intangible assets other than goodwill
Gross Carrying Amount	145,307		145,307		145,307
Net Book Value	95,800		95,800		103,121
Aggregate amortization expense of intangible assets	3,700	$ 3,700	7,321	$ 7,410
Tradenames
Indefinite lived assets:
Net Book Value					16,400
Total intangible assets other than goodwill
Gross Carrying Amount	16,400		16,400		$ 16,400
Net Book Value	16,400		$ 16,400
Customer relationships
Intangible assets subject to amortization
Weighted average remaining lives			6 years		6 years 4 months 24 days
Gross Carrying Amount	128,907		$ 128,907		$ 128,907
Accumulated Amortization	(49,507)		(49,507)		(42,186)
Net Book Value	$ 79,400		$ 79,400		$ 86,721

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, net - Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Estimated aggregate amortization expense:
Rest of 2021	$ 7,334
2022	13,302
2023	12,881
2024	12,881
2025	12,881
Thereafter	20,121
Total	$ 79,400	$ 86,721

Other Non-Current Assets (Narra

Other Non-Current Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Depreciation and Amortization	$ 4,096	$ 4,098	$ 8,092	$ 8,214
Amortization of Intangible Assets	3,700	3,700	7,321	7,410
Computer Software, Intangible Asset [Member]
Amortization of Intangible Assets	$ 600	$ 400	$ 1,100	$ 800
Computer Software, Intangible Asset [Member] | Maximum
Finite-Lived Intangible Asset, Useful Life			4 years
Computer Software, Intangible Asset [Member] | Minimum
Finite-Lived Intangible Asset, Useful Life			2 years

Other Non-Current Assets (Other

Other Non-Current Assets (Other non-current assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Other Non-Current Assets
Cloud computing implementation costs	$ 7,198	$ 7,094
Less: accumulated amortization	(2,746)	(1,685)
Other non-current assets	$ 4,452	$ 5,409

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accrued Liabilities
Employee accrued compensation expense	$ 7,084	$ 6,177
Other accrued liabilities	8,518	8,873
Accrued interest on debt	9,870	9,649
Total accrued liabilities	$ 25,472	$ 24,699

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Mar. 15, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Debt
Aggregate principal amount		$ 340,000		$ 340,000
Unamortized Original Issue Discount		2,009		2,009		$ 2,319
Unamortized Deferred Financing Costs		9,687		9,687		$ 11,182
Amortization		157	$ 141	$ 310	$ 263
Minimum
Debt
Period for prior written notice to trustee for redemption				20 days
Senior Secured Notes 2024
Debt
Aggregate principal amount	$ 340,000
Interest rate (as a percent)	9.50%			9.50%
Unamortized Original Issue Discount	$ 3,300	$ 2,000		$ 2,000
Senior Secured Notes 2024 | Minimum
Debt
Period for prior written notice to holders for redemption				15 days
Senior Secured Notes 2024 | Maximum
Debt
Period for prior written notice to holders for redemption				60 days
2021 | Senior Secured Notes 2024
Debt
Redemption price				104.75%
2022 | Senior Secured Notes 2024
Debt
Redemption price				102.375%
2023 and thereafter | Senior Secured Notes 2024
Debt
Redemption price				100.00%

Debt - Capital Lease and Other

Debt - Capital Lease and Other Financing Obligations (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Nov. 30, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Capital leases	$ 0.4	$ 0.9
Other financing obligations	0.7
Other financing arrangement			$ 3.3
Interest rate (as a percent)			3.84%
Debt Instrument, Periodic Payment	$ 0.4
Equipment
Lessee, Lease, Description [Line Items]
Interest rate (as a percent)				4.30%
Commercial-use vehicles
Lessee, Lease, Description [Line Items]
Other financing obligations		$ 2.9

Debt - ABL Facility (Details)

Debt - ABL Facility (Details) - USD ($) $ in Thousands	Mar. 15, 2019	Jun. 30, 2021	Jun. 30, 2020
ABL Facility
Proceeds from line of credit		$ 22,000	$ 42,500
New ABL Facility
ABL Facility
Borrowing capacity	$ 125,000
Proceeds from line of credit	$ 40,000
Borrowing base, line cap (as a percent)	12.50%
Applicable margin - one step-down (as a percent)	0.25%
Applicable margin - one step-up (as a percent)	0.25%
Percentage of net book value of borrowers' eligible accounts receivables	85.00%
Percentage of net book value of borrowers' eligible rental equipment	95.00%
Percentage of net orderly liquidation value of borrowers' eligible rental equipment	85.00%
Options to increase commitments	$ 75,000
Percentage of voting equity interests in non-US restricted subsidiary pledge	65.00%
Minimum fixed charge coverage ratio	100.00%
Maximum total net leverage ratio	400.00%
Borrowing base	$ 15,625
Line cap (as a percent)	12.50%
New ABL Facility | Libor
ABL Facility
Variable rate (as a percent)	2.50%
New ABL Facility | Base rate
ABL Facility
Variable rate (as a percent)	1.50%
Standby letters of credit
ABL Facility
Borrowing capacity	$ 15,000
Swingline
ABL Facility
Borrowing capacity	$ 15,000

Debt - Carrying Value of Debt O

Debt - Carrying Value of Debt Outstanding (Details) - USD ($) $ in Thousands	Mar. 15, 2019	Jun. 30, 2021	Dec. 31, 2020
Carrying value of debt outstanding
Capital lease and other financing obligations		$ 400	$ 900
Long-term debt, net		346,151
Principal amount		340,000	340,000
Less: unamortized original issue discount		(2,009)	(2,319)
Less: unamortized term loan deferred financing costs		(9,687)	(11,182)
Total debt, net		334,455	378,339
Less: current maturities		(1,151)	(3,571)
Total long-term debt		333,304	374,768
New ABL Facility
Carrying value of debt outstanding
Long-term debt, net		5,000	48,000
Capital lease and other financing obligations
Carrying value of debt outstanding
Capital lease and other financing obligations		1,151	3,840
Senior Secured Notes 2024
Carrying value of debt outstanding
Principal amount		340,000	$ 340,000
Less: unamortized original issue discount	$ (3,300)	$ (2,000)
Interest rate (as a percent)	9.50%	9.50%

Debt - Components of interest e

Debt - Components of interest expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Debt Instrument [Line Items]
Interest incurred on capital lease and other financing obligations	$ 17	$ 52	$ 46	$ 68
Interest expense incurred on ABL facilities and Notes	8,497	8,990	17,113	17,970
Amortization of deferred financing costs			2,124	1,899
Amortization of original issue discount	157	141	310	263
Interest expense, net	9,744	10,178	19,594	20,200
New ABL Facility
Debt Instrument [Line Items]
Amortization of deferred financing costs	$ 1,073	$ 995	$ 2,125	$ 1,899

Debt - Interest Expense and Def

Debt - Interest Expense and Deferred Financing Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Debt
Interest incurred and expensed on debt	$ 8,497	$ 8,990	$ 17,113	$ 17,970
Debt issuance costs	9,687		9,687		$ 11,182
Amortization of deferred financing costs			2,124	$ 1,899
Senior Secured Notes 2024
Debt
Accumulated amortization of deferred financing costs	6,200		6,200		4,700
Accumulated amortization of debt issuance costs	1,300		1,300		1,000
New ABL Facility | Algeco ABL facility
Debt
Accumulated amortization related to revolver deferred financing costs	$ 3,000		$ 3,000		$ 2,400

Debt - Future Maturities (Detai

Debt - Future Maturities (Details) $ in Thousands	Jun. 30, 2021USD ($)
Future maturities of long term debt
Rest of 2021	$ 1,072
2022	79
2023	5,000
2024	340,000
Long-term debt, net	$ 346,151

Warrant Liabilities - Narrative

Warrant Liabilities - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 17, 2018	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Warrants to issue shares of common stock	5,333,334	10,833,316		10,833,316
Aggregate purchase price per warrant	$ 1.50
Aggregate purchase price	$ 8,000
Number of stock issued for each warrant	1
Share price	$ 11.50
Warrant exercisable term	30 days
Fair Value Adjustment of Warrants		$ 2,080	$ (533)	$ 2,720	$ (2,187)
Private Warrants [Member]
Warrants to issue shares of common stock		5,333,334	5,333,334	5,333,334	5,333,334
Fair Value Adjustment of Warrants		$ 2,100	$ (500)	$ 2,700	$ (2,200)
Public Offering
Number of stock issued for each warrant	1
Share price	$ 11.50
Warrant exercisable term	30 days
Private Placement Warrants [Member]
Warrants to issue shares of common stock		5,333,334		5,333,334		5,333,334

Warrant Liabilities - Estimated

Warrant Liabilities - Estimated fair value Private Warrants (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Warranty Liability Non Current	$ 3,253	$ 533
Private Warrants [Member]
Warranty Liability Non Current	$ 3,253	$ 533

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Taxes
Income tax benefit	$ (60)	$ (2,429)	$ (1,523)	$ (2,196)
Effective tax rate	6.20%	15.10%	9.80%	21.10%
Effective Income Tax Rate			21.00%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)$ / shares	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)$ / shares	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)$ / shares
Carrying amounts and fair values of financial assets and liabilities
Transfers of financials assets form level 1 to level 2	$ 0		$ 0	$ 0	$ 0
Transfers of financials assets form level 2 to level 1	0		0	0	0
Transfers of financials assets in and out of level 3			0	0	0
Transfers of financials liabilities form level 1 to level 2	0		0	0	0
Transfers of financials liabilities form level 2 to level 1	0		0	0	0
Transfers of financials liabilities in and out of level 3			0	$ 0	0
Private Placement Warrants [Member]
Carrying amounts and fair values of financial assets and liabilities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	1,173	$ 533	533
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	2,080	640
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	$ 3,253	$ 1,173	$ 3,253		$ 533
Level 3
Carrying amounts and fair values of financial assets and liabilities
Warrant Liabilities Fair Value Per Share | $ / shares	$ 0.61		$ 0.61		$ 0.10
Level 3 | Measurement Input, Exercise Price [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input | $ / shares	11.50		11.50		11.50
Level 3 | Measurement Input, Share Price [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input | $ / shares	3.71		3.71		1.58
Level 3 | Measurement Input, Expected Dividend Rate [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input	0		0		0
Level 3 | Measurement Input, Expected Term [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input	2.71		2.71		3.20
Level 3 | Measurement Input, Risk Free Interest Rate [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input	0.40		0.40		0.19
Level 3 | Measurement Input, Price Volatility [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input	71		71		68
Carrying amount | New ABL Facility | Level 2
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,	$ (5,000)		$ (5,000)		$ (48,000)
Fair value | New ABL Facility | Level 2
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,	(5,000)		(5,000)		(48,000)
Senior Secured Notes 2024 | Carrying amount | Level 1
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,	(328,304)		(328,304)		(326,499)
Senior Secured Notes 2024 | Fair value | Level 1
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,	$ (346,375)		$ (346,375)		$ (300,900)

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related parties
Secured Debt	$ 328,304		$ 328,304		$ 326,499
Debt issuance costs	9,687		9,687		11,182
Accrued	300		300		$ 300
Selling, general, and administrative expenses
Related parties
Commission	$ 200	$ 400	$ 400	$ 800

Earnings (Loss) per Share (Deta

Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator
Net loss	$ (912)	$ (13,138)	$ (13,667)	$ 5,454	$ (14,052)	$ (8,212)
Weighted average number shares outstanding - basic and diluted	96,545,441		96,003,079		96,398,732	95,926,467
Net loss per share - basic and diluted	$ (0.01)		$ (0.14)		$ (0.15)	$ (0.09)
Stock Appreciation Rights (SARs) [Member]
Numerator
Estimated Fair Value Per Share	$ 2.94				$ 2.94
Founder Shares
Numerator
Shares issued to the Sellers					8,050,000
Founder Shares
Numerator
Excluded from computation of loss per share					5,015,898
Warrant
Numerator
Excluded from computation of loss per share			16,166,650			16,166,650

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	Jan. 17, 2018	Jun. 30, 2021	Dec. 31, 2020
Common Stock
Common stock shares issued		105,682,808	105,585,682
Common stock, Number of share outstanding		101,827,537	101,170,915
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Common shares placed into escrow		5,015,898
Preferred Shares
Preferred stock, shares authorized		1,000,000
Preferred stock, par value		$ 0.0001
Preferred stock, shares issued		0
Preferred stock, shares outstanding		0
Warrants
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Public Offering
Warrants
Number of units sold	32,500,000
Price per unit	$ 10
Number of warrants per unit	0.33
Number of fractional shares issued upon exercise of warrants	0
Over allotment
Warrants
Number of units sold	2,500,000
Common Stock [Member] | Public Offering
Common Stock
Common stock, par value (in dollars per share)	$ 0.0001
Warrants
Number of shares per unit	1
Common stock, par value (in dollars per share)	$ 0.0001

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	May 18, 2021	Feb. 25, 2021	Jun. 30, 2021	Dec. 31, 2020	Mar. 15, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance					4,000,000
Common stock, par value (in dollars per share)			$ 0.0001	$ 0.0001
Executive Stock Appreciation Rights Award Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Period After Termination Of Employment Or Service To Exercise Pro Rata Vesting		2 years
Share Based Compensation Arrangement By Share Based Payment Award Threshold Service Period For Pro Rata Vesting		12 months
Executive Restricted Stock Unit Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Threshold Service Period For Pro Rata Vesting		12 months
Share-based Payment Arrangement, Tranche One [Member] | Executive Stock Appreciation Rights Award Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50.00%
Share-based Payment Arrangement, Tranche One [Member] | Executive Restricted Stock Unit Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50.00%
Share-based Payment Arrangement, Tranche Two [Member] | Executive Stock Appreciation Rights Award Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50.00%
Share-based Payment Arrangement, Tranche Two [Member] | Executive Restricted Stock Unit Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50.00%
Time-based restricted stock unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Right to buy number of shares upon vesting		1
Options
Outstanding Options at beginning of period (in shares)			1,124,762
Granted (in shares)			1,461,450
Vested and released (in shares)			(641,050)
Outstanding Options at end of period (in shares)			1,945,162
Weighted Average Grant Date Fair Value per Share
Outstanding Options at beginning of period (in shares)			$ 4.21
Granted (in dollars per share)			2
Vested and released (in dollars per share)			2.93
Outstanding Options at end of period (in dollars per share)			$ 2.97
Time-based restricted stock unit | Non-executive Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	326,926
Time-based restricted stock unit | Executive Officers and Other Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		1,134,524
Time-based stock option awards
Options
Forfeited (in shares)			0
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			1,551,631
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount			$ 4,000
Deferred Compensation Share-based Arrangements, Liability, Current			$ 500
Options
Forfeited (in shares)			0
Outstanding Options at end of period (in shares)		1,551,631
Weighted Average Grant Date Fair Value per Share
Outstanding Options at end of period (in dollars per share)			$ 0.78

Stock-Based Compensation - Opti

Stock-Based Compensation - Options to Purchase Common Shares (Details)	Jan. 17, 2018$ / shares
Stock-Based Compensation
Share price	$ 1.50

Stock-Based Compensation - Chan

Stock-Based Compensation - Changes in stock options (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Time-based stock option awards
Intrinsic Value
Exercisable Options at end of period	$ 503,415
Stock Appreciation Rights (SARs) [Member]
Number of shares
Granted (in shares)	1,551,631
Outstanding Options at end of period (in shares)	1,551,631
Weighted Average Exercise Price per Share
Granted (in dollars per share)	$ 1.79
Outstanding Options at end of period (in dollars per share)	$ 1.79
Weighted Average Contractual Life (Years)
Outstanding Options (in years)	9 years 7 months 28 days	0 years
Granted (in years)	9 years 7 months 28 days
Outstanding Options at end of period (in years)	9 years 7 months 28 days	0 years

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions (Details)	6 Months Ended
	Jun. 30, 2021$ / shares
Time-based stock option awards
Assumptions:
Expected dividend yield	0.00%
Expected term (years)	6 years 3 months
Risk-free interest rate - maximum	2.26%
Weighted-average grant date fair value	$ 1.42
Stock Appreciation Rights (SARs) [Member]
Assumptions:
Weighted average expected stock volatility	43.50%
Expected dividend yield	0.00%
Expected term (years)	6 years 3 months
Risk-free interest rate (range)	1.07%
Minimum | Time-based stock option awards
Assumptions:
Risk-free interest rate - minimum	0.82%
Exercise price (range)	$ 4.51
Maximum | Time-based stock option awards
Assumptions:
Exercise price (range)	$ 10.83

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Time-based restricted stock unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based Compensation Expense	$ 800	$ 800	$ 1,300	$ 1,600
Associated tax benefit from stock-based compensation expense			300	400
Unrecognized compensation expense	5,100		$ 5,100
Period for unrecognized compensation expense expected to be recognized			2 years 2 months 23 days
Time-based stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based Compensation Expense	200	200	$ 400	300
Associated tax benefit from stock-based compensation expense	100	$ 100	100	$ 100
Unrecognized compensation expense	1,800		$ 1,800
Period for unrecognized compensation expense expected to be recognized			2 years 4 months 6 days
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based Compensation Expense	$ 500		$ 500
Period for unrecognized compensation expense expected to be recognized			2 years 7 months 28 days

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Retirement Plans
Minimum percentage of annual eligible compensation by the participants			1.00%
Maximum percentage of annual eligible compensation by the participants			90.00%
Percentage of contribution matched			6.00%
Percentage of contribution, matched 100% by employer			3.00%
Employer match of employee contributions of first 3% of contributions			100.00%
Percentage of contribution, matched 50% by employer			3.00%
Employer match of employee contributions of next 3% of contributions			50.00%
Vesting percentage			20.00%
Vesting period			5 years
Contribution expenses	$ 0.4	$ 0.2	$ 0.6	$ 0.4

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021USD ($)	Mar. 31, 2021segment	Jun. 30, 2020USD ($)	Mar. 31, 2020segment	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Business segments
Number of reportable segments | segment					4	4
Number of Operating Segments | segment		3		3
Revenue	$ 74,986		$ 53,620		$ 120,478	$ 125,274
Adjusted gross profit	40,993		20,654		65,113	60,769
Total Assets	513,976				513,976		$ 534,237	$ 534,237
Operating Segments
Business segments
Revenue	74,986		53,620		120,478	125,274
Adjusted gross profit	40,977		20,460		64,878	60,504
Total Assets	351,723		363,544		351,723	363,544
Permian Basin | Operating Segments
Business segments
Revenue	28,190		21,064		53,283	70,195
Adjusted gross profit	13,615		6,860		24,274	33,653
Total Assets	224,322		277,839		224,322	277,839
Bakken Basin | Operating Segments
Business segments
Revenue	730		366		1,327	4,551
Adjusted gross profit	(249)		(1,169)		(798)	235
Total Assets	49,264		51,782		49,264	51,782
Government | Operating Segments
Business segments
Revenue	44,788		16,671		62,827	33,263
Adjusted gross profit	27,023		12,909		40,826	24,488
Total Assets	71,995		27,149		71,995	27,149
TCPL Keystone | Operating Segments
Business segments
Revenue	933		15,394		2,403	16,528
Adjusted gross profit	604		2,054		811	2,393
Total Assets	3,487		3,543		3,487	3,543
All Other
Business segments
Total Assets	2,655				2,655			$ 3,231
All Other | Operating Segments
Business segments
Revenue	345		125		638	737
Adjusted gross profit	(16)		(194)		(235)	(265)
Total Assets	$ 2,655		$ 3,231		$ 2,655	$ 3,231

Business Segments - Reconciliat

Business Segments - Reconciliation of total segment adjusted gross profit to total combined income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Business Segments
Total reportable segment adjusted gross profit	$ 40,993	$ 20,654	$ 65,113	$ 60,769
Other adjusted gross profit	(16)	(194)	(235)	(265)
Depreciation and amortization	(18,004)	(16,364)	(34,440)	(33,376)
Selling, general and administrative expenses	(11,677)	(10,101)	(23,009)	(20,092)
Other (income) expense, net	(444)	(446)	(690)	569
Interest expense, net	(9,744)	(10,178)	(19,594)	(20,200)
Loss before income tax	$ (972)	$ (16,096)	$ (15,575)	$ (10,408)

Business Segments - Reconcili_2

Business Segments - Reconciliation of total segment assets to total combined assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 513,976	$ 534,237	$ 534,237
Total reportable segment assets
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	349,068		360,313
All Other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,655		3,231
Other unallocated amounts
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 162,253	$ 170,693	$ 170,693

Business Segments - Unallocated

Business Segments - Unallocated assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Total current assets	$ 41,834	$ 43,562
Other intangible assets, net	95,800	103,121
Deferred tax asset	17,307	15,179
Deferred financing costs revolver, net	2,794	3,422
Other non-current assets	4,518	5,409
Total assets	513,976	534,237	$ 534,237
Other unallocated amounts
Total current assets	41,834	43,562
Other intangible assets, net	95,800	103,121
Deferred tax asset	17,307	15,179
Deferred financing costs revolver, net	2,794	3,422
Other non-current assets	4,518	5,409
Total assets	$ 162,253	$ 170,693	$ 170,693

Business Segments - Customer Co

Business Segments - Customer Concentration (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Customer concentration
Revenue, Topic 606	$ 54,159	$ 40,652	$ 88,030	$ 95,724
Government
Customer concentration
Revenue, Topic 606	26,355	6,426	34,665	12,280
TCPL Keystone
Customer concentration
Revenue, Topic 606	$ 933	$ 15,395	$ 2,403	$ 16,528

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Events [Member] - USD ($) $ in Millions	Jul. 27, 2021	Jul. 23, 2021	Jul. 06, 2021
New ABL Facility
Subsequent Events
Repayments of Lines of Credit			$ 5
Termination And Settlement Agreement [Member]
Subsequent Events
Gain (Loss) on Contract Termination	$ 5	$ 4.9