Target Hospitality (TH) 10-K 11 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 07, 2022	Jun. 30, 2021
Entity Listings [Line Items]
Document Type	10-K
Document Period End Date	Dec. 31, 2021
Entity Registrant Name	TARGET HOSPITALITY CORP.
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	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		101,952,683
Entity Central Index Key	0001712189
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Public Float			$ 100,419,824
Amendment Flag	false
Document Annual 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	9320 Lakeside Boulevard, Suite 300
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77381
City Area Code	800
Local Phone Number	832-4242
ICFR Auditor Attestation Flag	false
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	Houston, Texas
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	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 23,406	$ 6,979
Accounts receivable, less allowance for doubtful accounts of $43 and $2,977, respectively	28,780	28,183
Prepaid expenses and other assets	8,350	7,195
Related party receivable		1,205
Total current assets	60,536	43,562
Specialty rental assets, net	291,792	311,487
Other property, plant and equipment, net	11,252	11,019
Goodwill	41,038	41,038
Other intangible assets, net	88,485	103,121
Deferred tax asset	14,710	15,179
Deferred financing costs revolver, net	2,159	3,422
Other non-current assets	3,420	5,409
Total assets	513,392	534,237
Current liabilities:
Accounts payable	11,803	10,644
Accrued liabilities	33,126	24,699
Deferred revenue and customer deposits	27,138	6,619
Current portion of capital lease and other financing obligations (Note 11)	729	3,571
Total current liabilities	72,796	45,533
Long-term debt (Note 11):
Principal amount	340,000	340,000
Less: unamortized original issue discount	(1,681)	(2,319)
Less: unamortized term loan deferred financing costs	(8,107)	(11,182)
Long-term debt, net	330,212	326,499
Revolving credit facility (Note 11)		48,000
Long-term capital lease and other financing obligations	696	269
Other non-current liabilities	1,465	479
Deferred revenue and customer deposits	7,273	11,752
Asset retirement obligations	2,079	2,284
Warrant liabilities	1,600	533
Total liabilities	416,121	435,349
Commitments and contingencies (Note 16)
Stockholders' equity:
Common Stock, $0.0001 par, 400,000,000 authorized, 106,367,450 issued and 101,952,683 outstanding as of December 31, 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 December 31, 2021 and December 31, 2020, respectively.	(23,559)	(23,559)
Additional paid-in-capital	109,538	106,551
Accumulated other comprehensive loss	(2,462)	(2,434)
Accumulated earnings	13,744	18,320
Total stockholders' equity	97,271	98,888
Total liabilities and stockholders' equity	$ 513,392	$ 534,237

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Consolidated Balance Sheets
Allowance for doubtful accounts	$ 43	$ 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	106,367,450	105,585,682
Common stock, Number of share outstanding	101,952,683	101,170,915
Treasury stock, shares	4,414,767	4,414,767

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue:
Revenue, Topic 606	$ 214,427	$ 172,189	$ 261,270
Revenue	291,337	225,148	321,096
Costs:
Depreciation of specialty rental assets	53,609	49,965	43,421
Gross profit	101,350	57,155	147,013
Selling, general and administrative	46,461	38,128	76,648
Other depreciation and amortization	16,910	15,649	15,481
Restructuring costs	0	0	168
Currency gains, net	0	0	(123)
Other expense (income), net	880	(723)	6,872
Operating income	37,099	4,101	47,967
Loss on extinguishment of debt	0	0	907
Interest expense, net	38,704	40,034	33,401
Change in fair value of warrant liabilities	1,067	(2,347)	(5,920)
Income (loss) before income tax	(2,672)	(33,586)	19,579
Income tax expense (benefit)	1,904	(8,455)	7,607
Net income (loss)	(4,576)	(25,131)	11,972
Other comprehensive income (loss)
Foreign currency translation	(28)	124	(95)
Comprehensive income (loss)	$ (4,604)	$ (25,007)	$ 11,877
Two Class Method:
Weighted average number shares outstanding - basic	96,611,022	96,018,338	94,501,789
Weighted average number shares outstanding - diluted	96,611,022	96,018,338	94,501,789
Net income (loss) per share - basic	$ (0.05)	$ (0.26)	$ 0.13
Net income (loss) per share - diluted	$ (0.05)	$ (0.26)	$ 0.13
Services
Revenue:
Revenue, Topic 606	$ 203,134	$ 132,430	$ 242,817
Costs:
Costs	120,192	109,185	120,712
Specialty rental
Revenue:
Revenue, subject to ASC 840	76,909	52,960	59,826
Costs:
Costs	16,186	8,843	9,950
Construction fee
Revenue:
Revenue, Topic 606	$ 11,294	$ 39,758	$ 18,453

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Earnings	Total
Beginning Balances at Dec. 31, 2018	$ 7		$ 319,968	$ (2,463)	$ 31,479	$ 348,991
Beginning Balances (In Shares) at Dec. 31, 2018	74,786,327
Net income (loss)					11,972	11,972
Recapitalization transaction	$ 3		305,578			305,581
Recapitalization transaction (in shares)	30,446,606
Contribution			39,107			39,107
Recapitalization transaction - cash paid to Algeco Seller			(563,134)			(563,134)
Stock-based compensation			1,749			1,749
Stock-based compensation (in shares)	21,996
Shares used to settle payroll tax withholding			(90)			(90)
Repurchase of common stock as part of a share repurchase program		$ (23,559)				(23,559)
Repurchase of common stock as part of a share repurchase program (In Shares)	(4,414,767)	4,414,767
Cumulative translation adjustment				(95)		(95)
Ending Balances at Dec. 31, 2019	$ 10	$ (23,559)	103,178	(2,558)	43,451	120,522
Ending Balances (In shares) at Dec. 31, 2019	100,840,162	4,414,767
Net income (loss)					(25,131)	(25,131)
Stock-based compensation			3,594			3,594
Stock-based compensation (in shares)	330,753
Shares used to settle payroll tax withholding			(221)			(221)
Cumulative translation adjustment				124		124
Ending Balances at Dec. 31, 2020	$ 10	$ (23,559)	106,551	(2,434)	18,320	98,888
Ending Balances (In shares) at Dec. 31, 2020	101,170,915	4,414,767
Net income (loss)					(4,576)	(4,576)
Stock-based compensation			3,086			3,086
Stock-based compensation (in shares)	781,768
Shares used to settle payroll tax withholding			(99)			(99)
Cumulative translation adjustment				(28)		(28)
Ending Balances at Dec. 31, 2021	$ 10	$ (23,559)	$ 109,538	$ (2,462)	$ 13,744	$ 97,271
Ending Balances (In shares) at Dec. 31, 2021	101,952,683	4,414,767

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (4,576)	$ (25,131)	$ 11,972
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	55,883	50,870	44,585
Amortization of intangible assets	14,636	14,744	14,317
Accretion of asset retirement obligation			215
Accretion of asset retirement obligation	(204)	(389)
Amortization of deferred financing costs	4,338	3,950	3,204
Amortization of original issue discount	638	557	425
Change in fair value of warrant liabilities	1,067	(2,347)	(5,920)
Stock-based compensation expense	5,084	3,606	1,749
Officer loan compensation expense			1,583
(Gain) loss on sale of specialty rental assets and other property, plant and equipment	383	(205)	6,872
Loss (gain) on involuntary conversion		(619)	122
Loss on extinguishment of debt	0	0	907
Deferred income taxes	469	(8,751)	5,992
Provision for loss on receivables, net of recoveries	1,630	4,001	1,183
Changes in operating assets and liabilities (net of business acquired)
Accounts receivable	(2,228)	16,267	7,440
Related party receivable	1,224	(280)	(855)
Prepaid expenses and other assets	(1,156)	(2,549)	(684)
Accounts payable and other accrued liabilities	9,926	1,038	(16,826)
Deferred revenue and customer deposits	16,040	(7,827)	(11,177)
Other non-current assets and liabilities	1,445	(154)	(4,609)
Net cash provided by operating activities	104,599	46,781	60,495
Cash flows from investing activities:
Purchase of specialty rental assets	(35,488)	(12,177)	(84,732)
Purchase of property, plant and equipment	(427)	(381)	(441)
Purchase of business			(30,000)
Proceeds from the sale of specialty rental assets and other property, plant and equipment		990	1,444
Receipt of insurance proceeds		619	386
Repayments from affiliates			638
Net cash used in investing activities	(35,915)	(10,949)	(112,705)
Cash flows from financing activities:
Proceeds from borrowings on Senior Secured Notes, net of discount			336,699
Principal payments on finance and capital lease obligations	(4,172)	(11,581)	(2,331)
Proceeds from borrowings on finance and capital lease obligations		13,437
Principal payments on borrowings from ABL	(76,000)	(74,500)	(48,790)
Proceeds from borrowings on ABL	28,000	42,500	108,240
Repayment of affiliate note			(3,762)
Contributions from affiliate			39,107
Recapitalization			218,752
Recapitalization - cash paid to Algeco Seller			(563,134)
Payment of deferred financing costs			(19,798)
Restricted shares surrendered to pay tax liabilities	(99)	(221)	(90)
Purchase of treasury stock		(5,318)	(18,241)
Net cash provided by (used in) financing activities	(52,271)	(35,683)	46,652
Effect of exchange rate changes on cash, cash equivalents and restricted cash	14	(9)	(54)
Net increase (decrease) in cash, cash equivalents and restricted cash	16,427	140	(5,612)
Cash, cash equivalents and restricted cash - beginning of year	6,979	6,839	12,451
Cash, cash equivalents and restricted cash - end of year	23,406	6,979	6,839
Supplemental Cash Flow Information:
Cash paid for interest, net of amounts capitalized	33,766	35,600	23,581
Income taxes paid, net of refunds received	765	1,273	1,237
Decrease in accrued capital expenditures	862	$ 3,487
Non-cash investing and financing activity:
Non-cash change in accrued capital expenditures			(732)
Non-cash repurchase of common shares as part of share repurchase program			(5,318)
Non-cash contribution from affiliate - forgiveness of affiliate note			104,285
Non-cash distribution to PEAC - liability transfer from PEAC, net			(8,840)
Non-cash change in capital lease obligation	$ (1,780)		$ (1,856)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of cash, cash equivalents, and restricted cash to consolidated balance sheets:
Cash and cash equivalents	$ 23,406	$ 6,979	$ 6,787
Restricted cash	0	0	52
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 23,406	$ 6,979	$ 6,839

Organization and Nature of Oper

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 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” and, together with its subsidiaries, the “Company”) was formed on March 15, 2019 and is one of North America’s largest providers of vertically integrated specialty rental 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 energy and natural resources and government sectors principally located in the West Texas, South Texas, Oklahoma and Midwest regions. ​ The Company, whose securities are listed on the Nasdaq Capital Market, serves as the holding company for the businesses of Target Logistics Management, LLC and its subsidiaries (“Target or TLM”) 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 Annual Report on Form 10-K 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. ​ Recent Developments – CO VI D-19 and Disruption to Global Demand ​ The global outbreak of COVID-19 and the declaration of a pandemic by the World Health Organization on March 11, 2020 presented new 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 HFS South segment and in May of 2020, the Company temporarily closed all communities in the HFS Midwest segment. The Company began re-opening communities in both the HFS 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 balances average daily rates with contract term and positions the Company to take advantage of a more balanced market. Overall, the Company has experienced a positive recovery from the lows of 2020 with consistent improvement in customer demand within the Hospitality and Facilities Services – South segment and significant growth in the Government segment. There have been significant changes to the global economic situation and to public securities markets as a result of COVID-19. Although vaccines have become available for COVID-19, surfacing of virus variants has added a degree of uncertainty to the continuing global impact of COVID-19, which could lead people to continue to self-isolate and not participate in the economy at pre-pandemic levels for a prolonged period of time. 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. 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, includes 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 years ended December 31, 2021, 2020, and 2019, respectively ​ Basis of Presentation The accompanying consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). Due to common ownership of Target Parent and Signor Parent by TDR as explained above, for periods prior to the Business Combination the financial statements were combined to include the consolidated accounts of both Target Parent and Signor Parent. All significant intercompany accounts and transactions have been eliminated. Prior to the Business Combination, TDR, the ultimate parent of Target Parent, owned 76% of Target Parent with the remaining 24% held through affiliated entities of TDR. TDR owned 100% of Signor Parent. TDR also has the majority ownership of the entity created from the closing of the Business Combination as discussed above. The financial statements prior to the Business Combination reflect Target Parent and Signor Parent’s historical financial position, results of operations and cash flows, in conformity with US GAAP. Such financial statements were prepared from the separate records maintained by Target Parent and Signor Parent and may not necessarily be indicative of the conditions that would have existed or the results of operations if Target Parent and Signor Parent had been operated as unaffiliated entities. Management believes the assumptions underlying the combined financial statements prior to the Business Combination, including the assumptions regarding the allocation of general corporate expenses, are reasonable. However, the allocations may not include all of the actual expenses that would have been incurred by Target Parent and Signor Parent and may not reflect its results of operations, financial position and cash flows had it been a standalone company during the periods presented. It is not practicable to estimate actual costs that would have been incurred had Target Parent and Signor Parent been a standalone company and operated as an unaffiliated entity during the periods presented. Actual costs that might have been incurred had Target Parent and Signor Parent been a standalone company would depend on a number of factors, including the organizational structure, what corporate functions Target Parent and Signor Parent might have performed directly or outsourced and strategic decisions Target Parent and Signor Parent might have made in areas such as executive management, legal and other professional services, and certain corporate overhead functions. Due to the Restructuring previously discussed, there are approximately $0, $0, and $0.4 million of additional expenses related to the activity of Target Parent included in the consolidated statements of comprehensive income (loss) for the years ended December 31, 2021, 2020, and 2019, respectively. Approximately $0, $0, and $0.2 million are reported in restructuring costs for the years ended December 31, 2021, 2020, and 2019, respectively. Approximately $0, $0 and $0.2 million of these expenses are reported in selling, general and administrative expenses for the years ended December 31, 2021, 2020, and 2019, 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 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. The Business Combination was accounted for as a reverse recapitalization in accordance with ASC 805. Although Platinum Eagle was the indirect acquirer of Target Parent and Signor Parent for legal purposes, Target Parent and Signor Parent were considered the acquirer for accounting and financial reporting purposes. As a result of Target Parent and Signor Parent being the accounting acquirer in the Business Combination, the financial reports filed with the SEC by the Company subsequent to the Business Combination are prepared “as if” Target Parent and Signor Parent are the accounting predecessor of the Company. The historical operations of Target Parent and Signor Parent are deemed to be those of the Company. Thus, the financial statements included in this report reflect (i) the historical operating results of Target Parent and Signor Parent prior to the Business Combination; (ii) the consolidated results of the Company, Target Parent and Signor Parent following the Business Combination on March 15, 2019; (iii) the assets and liabilities of Target Parent and Signor Parent at their historical cost; and (iv) the Company’s equity structure for all periods presented. The recapitalization of the number of shares of Common Stock attributable to the purchase of Target Parent and Signor Parent in connection with the Business Combination is reflected retroactively to the earliest period presented and will be utilized for calculating earnings per share in all prior periods presented. No step-up basis of intangible assets or goodwill was recorded in the Business Combination transaction consistent with the treatment of the transaction as a reverse recapitalization of Target Parent and Signor Parent. Summary of Significant Accounting Policies Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less when purchased to be cash equivalents. Included in restricted cash are irrevocable standby letters of credit that represent collateral for site improvements. This restriction was removed during 2020 and as such, the Company no longer has restricted cash. Receivables and Allowances for Doubtful Accounts Receivables primarily consist of amounts due from customers from the delivery of specialty rental services. The trade accounts receivable is recorded net of an allowance for doubtful accounts. The allowance for doubtful accounts is based upon the amount of losses expected to be incurred in the collection of these accounts. The estimated losses are based upon a review of outstanding receivables, including specific accounts and the related aging, and on historical collection experience. Specific accounts are written off against the allowance when management determines the account is uncollectible. Activity in the allowance for doubtful accounts was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2021 ​ 2020 ​ 2019 Balances at Beginning of Year $ 2,977 ​ $ 989 ​ $ 39 Charges to bad debt expense ​ 1,877 ​ ​ 4,821 ​ ​ 1,183 Recoveries ​ (247) ​ ​ (820) ​ ​ (81) Write-offs ​ (4,564) ​ ​ (2,013) ​ ​ (152) Balances at End of Year $ 43 ​ $ 2,977 ​ $ 989 ​ Charges to bad debt expense, net of recoveries for the period are included within selling, general and administrative expenses in the accompanying consolidated statements of comprehensive income (loss). ​ Prepaid Expenses and Other Assets Prepaid expenses of approximately $5.0 million and $4.6 million at December 31, 2021 and 2020, respectively, primarily consist of insurance, taxes, rent, deposits and permits. Prepaid insurance, taxes, rent, and permits are amortized over the related term of the respective agreements. Other assets of approximately $3.4 million and $2.6 million at December 31, 2021 and 2020, respectively, primarily consist of $1.8 million and $1.7 million of deposits as of December 31, 2021 and 2020, respectively, and $1.6 million and $0.9 million of hospitality inventory as of December 31, 2021 and 2020, respectively. Inventory, primarily consisting of food and beverages, is accounted for by the first-in, first-out method and is stated at the lower of cost and net realizable value. Concentrations of Credit Risk In the normal course of business, the Company grants credit to its customers based on credit evaluations of their financial condition and generally requires no collateral or other security. Major customers are defined as those individually comprising more than 10.0% of the Company’s revenues or accounts receivable. F or the year ended December 31, 2021, the Company had two customers who accounted for 34.7% and 18.9% of revenues, respectively. The largest customers accounted for 15% and 10% of accounts receivable, respectively, while no other customer accounted for more than 10% of the accounts receivable balance as of December 31, 2021. For the year ended December 31, 2020, the Company had two customers representing 28.1% and 18.6% of total revenues, respectively. The largest customers accounted for 12.0% and 17.0% of accounts receivable, respectively, at December 31, 2020. For the year ended December 31, 2019, the Company had two customers representing 20.8% and 12.5% of total revenues, respectively. Major suppliers are defined as those individually comprising more than 10.0% of the annual goods purchased. For the year ended December 31, 2021, the Company had one major supplier representing 15.3% of goods purchased. For the year ended December 31, 2020 the Company had three major suppliers, representing 16.2% , 10.3% , and 10.2% of goods purchased, respectively. For the year ended December 31, 2019, the Company had one major supplier representing 12.3% of goods purchased. The Company provides services almost entirely to customers in the governmental and natural resource industries and as such, are almost entirely dependent upon the continued activity of such customers. Interest Capitalization Interest costs for the construction of certain long-term assets are capitalized by applying the weighted average interest rate applicable to the borrowings of the Company to the average amount of accumulated expenditures outstanding during the construction period. Such capitalized interest costs are depreciated over the related assets’ estimated useful lives. Specialty Rental Assets Specialty rental assets (units, site work and furniture and fixtures comprising lodges) are measured at cost less accumulated depreciation and impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. Costs of improvements and betterments to units are capitalized when such costs extend the useful life of the unit or increase the rental value of the unit. Costs incurred for units to meet a particular customer specification are capitalized and depreciated over the lease term. Maintenance and repair costs are expensed as incurred. Depreciation is generally computed using the straight-line method over estimated useful lives and considering the residual value of those assets. The estimated useful life of modular units is 15 years. The estimated useful life of site work (above ground and below ground infrastructure) is 5 years. The estimated useful life of furniture and fixtures is 7 years. Assets leased under capital leases are depreciated over the shorter of the lease term or their useful lives unless it is reasonably certain that the Company will obtain ownership by the end of the lease term. Depreciation methods, useful lives and residual values are adjusted prospectively, if a revision is determined to be appropriate. Other Property, Plant, and Equipment Other property, plant, and equipment is stated at cost, net of accumulated depreciation and impairment losses. Assets leased under capital leases are depreciated over the shorter of the lease term or their useful lives unless it is reasonably certain that the Company will obtain ownership by the end of the lease term. Land is not depreciated. Maintenance and repair costs are expensed as incurred. Depreciation is generally computed using the straight-line method over estimated useful lives, as follows: ​ ​ ​ ​ Buildings 5-15 years Machinery and office equipment 3-5 years Furniture and fixtures 7 years Software 3 years ​ Depreciation methods, useful lives and residual values are reviewed and adjusted prospectively, if appropriate. Business Combinations Except as it relates to common control transactions as described in Note 1, business combinations are accounted for using the acquisition method. Consideration transferred for acquisitions is measured at fair value at the acquisition date and includes assets transferred, liabilities assumed and equity issued. Acquisition costs incurred are expensed and included in selling, general and administrative expenses. When the Company acquires a business, the financial assets and liabilities assumed are assessed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions at the acquisition date. Any contingent consideration transferred by the acquirer is recognized at fair value at the acquisition date. Any subsequent changes to the fair value of contingent consideration are recognized in profit or loss. If the contingent consideration is classified as equity, it is not re-measured and subsequent settlement is accounted for within equity. Goodwill The Company evaluates goodwill for impairment at least annually at the reporting unit level. A reporting unit is the operating segment, or one level below that operating segment (the component level) if discrete financial information is prepared and regularly reviewed by segment management. However, components are aggregated as a single reporting unit if they have similar economic characteristics. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the Company’s reporting units that are expected to benefit from the combination. The Company evaluates changes in its reporting structure to assess whether that change impacts the composition of one or more of its reporting units. If the composition of the Company’s reporting units’ changes, goodwill is reassigned between reporting units using the relative fair value allocation approach. The Company performs the annual impairment test of goodwill at October 1. In addition, the Company performs impairment tests during any reporting period in which events or changes in circumstances indicate that impairment may have occurred. To test goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If it is concluded that this is the case, the Company then performs a quantitative impairment test. Otherwise, the quantitative impairment test is not required. Under the quantitative impairment test, the Company would compare the estimated fair value of each reporting unit to its carrying value. In assessing the fair value of the reporting units, the Company considers the market approach, the income approach, or a combination of both. Under the market approach, the fair value of the reporting unit is based on quoted market prices of companies comparable to the reporting unit being valued. Under the income approach, the fair value of the reporting unit is based on the present value of estimated cash flows. The income approach is dependent on several significant management assumptions, including estimated future revenue growth rates, gross margin on sales, operating margins, capital expenditures, tax rates and discount rates. If the carrying amount of the reporting unit exceeds the calculated fair value, a loss on impairment is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Additionally, the Company considers the income tax effect from any tax-deductible goodwill on the carrying amount of the reporting unit, if applicable, when measuring the goodwill impairment charge. Intangible Assets Other Than Goodwill Intangible assets that are acquired by the Company and determined to have an indefinite useful life are not amortized, but are tested for impairment at least annually. The Company’s indefinite-lived intangible assets consist of trade names. The Company calculates fair value by comparing a relief-from-royalty method to the carrying amount of the indefinite-lived intangible asset. This method is used to estimate the cost savings that accrue to the owner of an intangible asset who would otherwise have to pay royalties or license fees on revenues earned through the use of the asset. A loss on impairment would be recorded to the extent the carrying value of the indefinite-lived intangible asset exceeds the fair value. Other intangible assets that have finite useful lives are measured at cost less accumulated amortization and impairment losses, if any. Subsequent expenditures for intangible assets are capitalized only when they increase the future economic benefits embodied in the specific asset to which they relate. Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets. The Company has customer relationship assets with lives ranging from 5 to 9 years. Amortization of intangible assets is included in other depreciation and amortization on the consolidated statements of comprehensive income (loss). Impairment of Long-Lived and Amortizable Intangible Assets Fixed assets including rental equipment and other property, plant and equipment and amortizable intangible assets are reviewed for impairment as events or changes in circumstances occur indicating that the carrying value of the asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset group to future undiscounted cash flows, without interest charges, expected to be generated by the asset group. If future undiscounted cash flows, without interest charges, exceed the carrying amount of an asset, no impairment is recognized. If management determines that the carrying value cannot be recovered based on estimated future undiscounted cash flows, without interest charges, over the shorter of the asset’s estimated useful life or the expected holding period, an impairment loss would be recorded based on the estimated fair value of the asset. Assets Held for Sale Management considers an asset to be held for sale when management approves and commits to a formal plan to actively market the asset for sale and it is probable that the sale will be completed within twelve months. A sale may be considered probable when a signed sales contract and significant non-refundable deposit or contract break-up fee exist. Upon designation as held for sale, management records the carrying value of the asset at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and management stops recording depreciation expense. As of December 31, 2021, no assets were considered held for sale. Other Non-Current Assets Other non-current assets primarily consist of capitalized software implementation costs for the implementation of cloud computing systems primarily during 2020 and 2019. The Company capitalizes expenditures related to the implementation of cloud computing software as incurred during the application development stage. Such capitalized costs are amortized to selling, general, and administrative expenses over the term of the cloud computing hosting arrangement, including reasonably certain renewals, beginning when the module or component of the hosting arrangement is ready for its intended use. Deferred Financing Costs Revolver, net Deferred financing costs revolver are associated with the issuance of the ABL revolver facility and the Algeco ABL facility (“Algeco ABL Facility”) discussed in Note 11. Such costs are amortized over the contractual term of the line-of-credit through initial maturity using the straight-line method. Amortization expense of deferred financing costs revolver is included in interest expense, net in the consolidated statement of comprehensive income (loss). Term Loan Deferred Financing Costs Term loan deferred financing costs are associated with the issuance of the 2024 Senior Secured Notes discussed in Note 11. The Company presents unamortized deferred financing costs as a direct deduction from the principal amount of the 2024 Senior Secured Notes on the consolidated balance sheets. Such costs are deferred and amortized over the term of the debt based on the effective interest rate method. Original Issuance Discounts Debt original discounts are associated with the issuance of the 2024 Senior Secured Notes discussed in Note 11 and are recorded as direct deductions to the principal amount of the 2024 Senior Secured Notes on the consolidated balance sheets. Debt discounts are deferred and amortized over the term of the debt based on the effective interest rate method. Asset Retirement Obligations The Company recognizes asset retirement obligations (AROs) related to legal obligations associated with the operation of the Company’s specialty rental assets. The fair values of these AROs are recorded on a discounted basis, at the time the obligation is incurred and accreted over time for the change in present value over the expected timing of settlement. Changes in the expecting timing or amount of settlement are recognized in the period of change as an increase or decrease in the carrying amount of the ARO and related asset retirement costs with decreases in excess of the carrying value of the related asset retirement cost being recognized in the consolidated statement of comprehensive income (loss). The Company capitalizes asset retirement costs by increasing the carrying amount of the related long-lived assets and depreciating these costs over the remaining useful life. The carrying amount of AROs included in the consolidated balance sheets were $2.1 million and $2.3 million as of December 31, 2021 and 2020, respectively, which represents the present value of the estimated future cost of these AROs of approximately $2.7 million. Accretion expense of approximately ($0.2) million, ($0.4) million and $0.2 million was recognized in specialty rental costs in the accompanying consolidated statements of comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019, respectively. Foreign Currency Transactions and Translation The Company’s reporting currency is the US Dollar (USD). Exchange rate adjustments resulting from foreign currency transactions are recognized in profit or loss, whereas effects resulting from the translation of financial statements are reflected as a component of accumulated other comprehensive loss, a component of equity. The assets and liabilities of subsidiaries whose functional currency is different from the USD are translated into USD at exchange rates at the reporting date and revenue and expenses are translated using average exchange rates for the respective period. Foreign exchange gains and losses arising from a receivable or payable to a consolidated Company entity, the settlement of which is neither planned nor anticipated in the foreseeable future, are considered to form part of a net investment in the Company entity and are included within accumulated other comprehensive loss. 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 majorit

Revenue

Revenue	12 Months Ended
	Dec. 31, 2021
Revenue
Revenue	2. Revenue Total revenue under contracts recognized under Topic 606 was approximately $214.4 million for the year ended December 31, 2021, while $76.9 million was specialty rental income subject to the guidance of ASC 840 for the year ended December 31, 2021. Total revenue under contracts recognized under Topic 606 was $172.2 million for the year ended December 31, 2020, while $53.0 million was specialty rental income subject to the guidance of ASC 840 for the year ended December 31, 2020. Total revenue under contracts recognized under Topic 606 was $261.3 million for the year ended December 31, 2019, while $59.8 million was specialty rental income subject to the guidance of ASC 840 for the year ended December 31, 2019. ​ The following table disaggregates our revenue by our four reportable segments as well as the All Other category: HFS – South, HFS – Midwest, Government, TCPL Keystone, and All Other for the years indicated below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 Hospitality & Facilities Services – South ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 108,183 ​ $ 98,888 ​ $ 193,852 Construction fee income ​ ​ - ​ ​ - ​ ​ 2,705 Total Hospitality & Facilities Services – South revenues ​ ​ 108,183 ​ ​ 98,888 ​ ​ 196,557 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services – Midwest ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 4,150 ​ $ 6,605 ​ $ 20,621 Total Hospitality & Facilities Services – Midwest revenues ​ ​ 4,150 ​ ​ 6,605 ​ ​ 20,621 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Government ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 88,115 ​ $ 23,538 ​ $ 25,071 Total Government revenues ​ ​ 88,115 ​ ​ 23,538 ​ ​ 25,071 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TCPL Keystone ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 989 ​ $ 2,153 ​ $ - Construction fee income ​ ​ 11,294 ​ ​ 39,758 ​ ​ 15,744 Total TCPL Keystone revenues ​ ​ 12,283 ​ ​ 41,911 ​ ​ 15,744 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ All Other ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 1,696 ​ $ 1,247 ​ $ 3,273 Construction fee income ​ ​ - ​ ​ - ​ ​ 4 Total All Other revenues ​ ​ 1,696 ​ ​ 1,247 ​ ​ 3,277 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 214,427 ​ $ 172,189 ​ $ 261,270 ​ On July 23, 2021, the Company executed a Termination and Settlement Agreement with TC Energy (the “Termination and Settlement Agreement”), 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 of approximately $5.0 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. All such revenue is recognized in construction fee income within the TCPL Keystone segment included in the above table as well as in the accompanying consolidated statements of comprehensive income (loss) for the year ended December 31, 2021. No further revenue will be generated from the 2013 contract and as of December 31, 2021, there are no unrecognized deferred revenue amounts or costs for incomplete projects related to this contract following such termination. ​ As a result of the current market environment discussed in Note 1 “ Recent Developments – CO VI D-19 and Disruption 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. Activity in the deferred revenue accounts as of the dates indicated below was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balances at Beginning of Year ​ $ 18,371 ​ $ 26,199 ​ $ 37,376 Additions to deferred revenue ​ ​ 127,391 ​ ​ 12,907 ​ ​ 8,652 Revenue recognized ​ ​ (111,351) ​ ​ (20,735) ​ ​ (19,829) Balances at End of Year ​ $ 34,411 ​ $ 18,371 ​ $ 26,199 ​ As of December 31, 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 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2022 2023 2024 2025 ​ 2026 ​ Total Revenue expected to be recognized as of December 31, 2021 ​ $ 62,928 ​ $ 22,467 ​ $ 18,796 ​ $ 18,699 ​ $ 13,987 ​ $ 136,877 ​ 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.

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2021
Business Combination
Business Combination	3. Business Combination On March 15, 2019, Platinum Eagle consummated the Business Combination pursuant to the terms of the Merger Agreements and acquired all of the issued and outstanding equity interests in Target Parent and Signor Parent from the Sellers. ​ Pursuant to the Merger Agreements, Topaz purchased from the Sellers all of the issued and outstanding equity interests of Target Parent and Signor Parent for $1.311 billion, of which $563.1 million was paid in cash and the remaining $747.9 million was paid to the Sellers in the form of 25,686,327 shares of Common Stock, to Algeco Seller, and 49,100,000 shares of Common Stock, to Arrow Seller. ​ The following tables reconcile the elements of the Business Combination to the consolidated statement of cash flows for the year ended December 31, 2019. ​ ​ ​ ​ ​ ​ Recapitalization Cash – Platinum Eagle’s Trust (net of redemptions) ​ $ 146,137 Cash – PIPE ​ ​ 80,000 Gross cash received by Target Hospitality from Business Combination ​ ​ 226,137 Less: fees to underwriters ​ ​ (7,385) Net cash received from Recapitalization ​ ​ 218,752 Plus: non-cash contribution – forgiveness of related party loan ​ ​ 104,285 Less: non-cash net liabilities assumed from PEAC ​ ​ (8,840) Less: warrant liabilities ​ ​ (8,800) Plus: fees to underwriters allocated to warrant liabilities ​ ​ 184 Net contributions from Recapitalization Transaction ​ $ 305,581 ​ ​ ​ ​ ​ ​ Contributions ​ ​ from Affiliate Transaction bonus amounts ​ $ 28,519 Payment of historical Algeco ABL Facility ​ ​ 9,904 Payment of affiliate amounts ​ ​ 684 Total contributions ​ $ 39,107 ​ ​ ​ ​ Cash paid to Algeco Seller ​ $ 563,134 ​ The cash paid to Algeco Seller was funded from the proceeds from debt (described below), net cash received from Recapitalization (described above), offset by deferred financing costs and certain other transaction costs incurred in connection with the Business Combination. ​ The $340 million of gross proceeds from Bidco’s offering of 2024 Senior Secured Notes less $3.3 million of original issuance discount and $40 million through Bidco’s entry into an ABL facility are shown separately in the consolidated statement of cash flows for the year ended December 31, 2019. ​ Prior to the Business Combination, Platinum Eagle had 32,500,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Shares”) outstanding and 8,125,000 shares of Class B common stock, par value $0.0001 per share (the “Class B Shares”) outstanding, which comprised of Founder Shares held by the Founders (as defined below) and Former Platinum Eagle Director Shares held by individuals who are not founders but were directors of PEAC. ​ On March 15, 2019, Platinum Eagle was renamed Target Hospitality Corp. and each currently issued and outstanding share of Platinum Eagle Class B Shares automatically converted on a one-for-one basis, into shares of Platinum Eagle Delaware Class A Shares. Immediately thereafter, each currently issued and outstanding share of Platinum Eagle Class A Shares automatically converted on a one-for-one basis, into shares of the common stock of Target Hospitality. In connection with the Business Combination, 18,178,394 Class A Shares were redeemed. ​ The number of shares of Common Stock of Target Hospitality issued immediately following the consummation of the Business Combination is summarized as follows: ​ ​ ​ ​ Shares by Type Number of shares by type as of March 15, 2019 Platinum Eagle Class A Shares outstanding prior to the Business Combination ​ 32,500,000 Less: Redemption of Platinum Eagle Class A Shares ​ (18,178,394) Class A Shares of Platinum Eagle ​ 14,321,606 Founder Shares ​ 8,050,000 Former Platinum Eagle Director Shares ​ 75,000 Shares issued to PIPE investors ​ 8,000,000 Shares issued to PEAC and PIPE investors ​ 30,446,606 Shares issued to the Sellers ​ 74,786,327 Total Outstanding Shares of Common Stock issued and outstanding ​ 105,232,933 Less: Founders Shares in escrow ​ (5,015,898) Total Shares of Common Stock outstanding for earnings per share computation (See Note 19) ​ 100,217,035 ​ In connection with the closing of and as a result of the consummation of the Business Combination, certain members of the Company’s management and employees received bonus payments as a result of the Business Combination being consummated in the aggregate amount of $28.5 million. The bonuses have been reflected in the selling, general and administrative expense line in the consolidated statements of comprehensive income (loss). The bonuses were funded by a contribution from Algeco Seller in March of 2019 and is reflected as the transaction bonus amount contribution above. The Company also incurred transaction costs related to the Business Combination of approximately $8.0 million, which are included in selling, general and administrative expenses on the consolidated statement of comprehensive income (loss) for the year ended December 31, 2019. Upon the consummation of the Business Combination, outstanding loans to officers were forgiven, which resulted in $1.6 million of additional expenses recognized in selling, general and administrative expenses on the consolidated statement of comprehensive income (loss) for the year ended December 31, 2019 as more fully discussed in Note 18. ​ Earnout Agreement On March 15, 2019 (the “Closing Date”), in connection with the closing of the Business Combination, Harry E. Sloan, Jeff Sagansky and Eli Baker (together, the “Founders”) and the Company entered into an earnout agreement (the “Earnout Agreement”), pursuant to which, on the Closing Date, 5,015,898 Founder Shares were placed in escrow (the “Escrow Shares”), to be released at any time during the period of three years following the Closing Date upon the occurrence of the following triggering events: (i) fifty percent (50%) of the Escrow Shares will be released to the Founder Group (as defined in the Earnout Agreement) if the closing price of the shares of Target Hospitality’s common stock as reported on Nasdaq exceeds $12.50 per share for twenty (20) of any thirty (30) consecutive trading days and (ii) the remaining fifty percent (50%) of the Escrow Shares will be released to the Founder Group if the closing price of the shares of Target Hospitality’s common stock as reported on Nasdaq exceeds $15.00 per share for twenty (20) of any thirty (30) consecutive trading days, in each case subject to certain notice mechanics. Upon the expiration of the three-year earnout period, any Founders’ Shares remaining in escrow that were not released in accordance with the Earnout Agreement will be transferred to the Company for cancellation. The fair value of the Company’s contingent right to cancel the Founders’ Shares has been recorded as a component of additional paid in capital, with an equal and offsetting capital contribution from the Founders.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2021
Acquisitions
Acquisitions	​ 4. Acquisitions Superior Acquisition On June 19, 2019, TLM, entered into a purchase agreement (the “Superior Purchase Agreement”) with Superior Lodging, LLC, Superior Lodging Orla South, LLC, and Superior Lodging Kermit, LLC (collectively, the “Superior Sellers”), and certain other parties, pursuant to which TLM acquired substantially all of the assets in connection with three workforce communities in West Texas, including temporary housing facilities and underlying real estate (the “Communities”). Pursuant to the Superior Purchase Agreement, TLM acquired the Communities for a purchase price of $30.0 million in cash, which represents the acquisition date fair value of consideration transferred. The purchase price was funded by drawing on the ABL Facility discussed in Note 11. The Superior Purchase Agreement provided for a simultaneous signing and closing on June 19, 2019. This acquisition further expands the Company’s presence in the HFS – South segment. Immediately prior to the acquisition of the Communities, TLM provided management and catering services to the Superior Sellers at two of the Communities. At the time of the acquisition, all three Communities were fully operational and provided vertically integrated comprehensive hospitality services consistent with Target’s business. The following table summarizes the allocation of the total purchase price to the net assets acquired and liabilities assumed at the date of acquisition by TLM at estimated fair value: ​ ​ ​ ​ ​ Property and equipment $ 18,342 Customer relationships ​ ​ 4,800 Goodwill ​ ​ 6,858 Total assets acquired ​ $ 30,000 ​ Intangible assets related to customer relationships represent the aggregate value of those relationships from existing arrangements and future operations on a look-through basis, considering the end customers. The intangible assets received are being amortized on a straight-line basis over an estimated useful life of nine years from the date of the business combination. The following unaudited pro forma information presents consolidated financial information as if Superior had been acquired as of January 1, 2019: ​ ​ ​ ​ ​ ​ ​ ​ Period Revenue Income before taxes 2019 pro forma from January 1, 2019 to December 31, 2019 ​ $ 325,845 ​ $ 15,188 ​ ​ ​ ​ ​ ​ ​ ​ Superior added $7.8 million and $4.0 million to our revenue and income before income taxes, respectively, for year ended December 31, 2019. These pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results of Superior to reflect the additional depreciation and amortization that would have been charged assuming the fair value adjustments to property and equipment, and intangible assets had been applied from January 1, 2019. This pro forma information is not necessarily indicative of the Company’s results of operations had the acquisition been completed on January 1, 2019, nor is it necessarily indicative of the Company’s future results. This pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the acquisition, and also does not reflect additional revenue opportunities following the acquisition. In connection with this acquisition, the Company incurred approximately $0.4 million of acquisition-related costs, which are recognized in selling, general, and administrative expenses in the accompanying consolidated statement of comprehensive income (loss) for the ended December 31, 2019. The purchase price allocation performed by the Company resulted in the recognition of $6.9 million of goodwill. The goodwill recognized is attributable to expected revenue synergies generated by the territorial expansion of workforce housing, and costs synergies resulting from the consolidation or elimination of certain functions. All of the goodwill is expected to be deductible for income tax purposes. All of the goodwill was allocated to the HFS – South segment of our reportable segments discussed in Note 23. ​ ProPetro On July 1, 2019, TLM purchased a 168-room community from ProPetro Services, Inc. (“ProPetro”) for an aggregate purchase price of $5.0 million in cash, which represents the acquisition date fair value of consideration transferred. The purchase price was funded by cash on hand as of the acquisition date. The acquisition was accounted for as an asset acquisition. The Company allocated the total purchase price to identifiable tangible assets based on their estimated relative fair values, which resulted in the entire purchase price

Specialty Rental Assets, Net

Specialty Rental Assets, Net	12 Months Ended
	Dec. 31, 2021
Specialty Rental Assets, Net
Specialty Rental Assets, Net	5. Specialty Rental Assets, Net Specialty rental assets, net at the dates indicated below consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Specialty rental assets ​ $ 582,527 ​ $ 547,375 Construction-in-process ​ 3,557 ​ 5,828 Less: accumulated depreciation ​ (294,292) ​ (241,716) Specialty rental assets, net ​ $ 291,792 ​ $ 311,487 ​ The gross cost of the specialty rental assets under capital lease was $0 and approximately $1.1 million as of December 31, 2021 and 2020, respectively. The accumulated depreciation related to specialty rental assets under capital leases totaled $0 and approximately $0.6 million as of December 31, 2021 and 2020, respectively. Depreciation expense of these assets is presented in depreciation of specialty rental assets in the accompanying consolidated statements of comprehensive income (loss). During the year ended December 31, 2020, the Company disposed of assets with accumulated depreciation of approximately $9 million along with the related gross cost of approximately $10 million. These disposals were associated with a sale of assets with a net book value of approximately $0.8 million as well as fully depreciated asset retirement costs. The asset sale resulted in a loss on the sale of assets of approximately $0.1 million and is reported within other expense (income), net in the accompanying consolidated statements of comprehensive income (loss) for the year ended December 31, 2020. ​ On October 1, 2021, the Company purchased a group of assets consisting primarily of modular units from Civeo USA, LLC (“seller”) for $6.2 million, which was funded by cash on hand as of the acquisition date. The assets were previously leased from the seller to service the Company’s Government segment, and effective with the purchase, the lease was terminated. These assets are included in the Specialty rental assets group in the table above and will continue to be used in the Company’s Government segment discussed in Note 23. No personnel were assumed as a part of this transaction. ​

Other Property, Plant and Equip

Other Property, Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2021
Other Property, Plant and Equipment, Net
Other Property, Plant and Equipment, Net	6. Other Property, Plant and Equipment, Net Other property, plant, and equipment, net at the dates indicated below, consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Land ​ $ 9,163 ​ $ 9,163 Buildings and leasehold improvements ​ 191 ​ 115 Machinery and office equipment ​ 1,300 ​ 1,072 Other ​ 5,347 ​ 3,752 ​ ​ 16,001 ​ 14,102 Less: accumulated depreciation ​ (4,749) ​ (3,083) Total other property, plant and equipment, net ​ $ 11,252 ​ $ 11,019 ​ Depreciation expense related to other property, plant and equipment was approximately $2.3 million, $0.9 million and $1.2 million for the years ended December 31, 2021, 2020 and 2019, respectively, and is included in other depreciation and amortization in the consolidated statements of comprehensive income (loss). ​ Included in other property, plant and equipment, net are certain assets under capital lease. The gross cost of the assets under capital lease was approximately $3.1 million and $0.7 million as of December 31, 2021 and 2020, respectively. The accumulated depreciation related to assets under capital leases totaled approximately $1.6 million and $0.4 million as of December 31, 2021 and 2020, respectively. Such amounts under capital lease are included in the other category in the above table as of December 31, 2021 and 2020, respectively. ​ In November of 2019, the Company auctioned several non-strategic land parcels, and other related assets (the “properties”) not used in the operations of the business for estimated net sale proceeds of approximately $1.4 million. The sale resulted in a pre-tax loss on the disposal of property, plant, and equipment of approximately $6.9 which is included in other expense (income), net in the consolidated statements of comprehensive income (loss) for the year ended December 31, 2019. These properties had a carrying value of approximately $8.1 million and are primarily located in the HFS – South business segment and reporting unit.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, net	12 Months Ended
	Dec. 31, 2021
Goodwill and Other Intangible Assets, net
Goodwill and Other Intangible Assets, net	7. Goodwill and Other Intangible Assets, net The financial statements reflect goodwill from previous acquisitions that is all attributable to the HFS – South business segment and reporting unit. Changes in the carrying amount of goodwill were as follows: ​ ​ ​ ​ ​ ​ HFS – South Balance at December 31, 2019 ​ $ 41,038 Changes in Goodwill ​ ​ - Balance at December 31, 2020 ​ ​ 41,038 Changes in Goodwill ​ ​ - Balance at December 31, 2021 ​ $ 41,038 ​ In connection with our annual assessment on October 1, we considered the continued effects resulting from the COVID-19 pandemic and reviewed qualitative information currently available in determining if it was more likely than not that the fair values of the Company’s HFS – South reporting unit was less than the carrying amount. Based on the results of this qualitative assessment, including certain quantitative analysis, management concluded that it is not more likely than not that the fair value of the Company's HFS – South reporting unit was less than its carrying amount. The Company will continue to monitor the situation for any additional changes in economic conditions. ​ Intangible assets other than goodwill at the dates indicated below consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ average ​ Carrying ​ Accumulated ​ Net Book ​ remaining lives Amount Amortization Value Intangible assets subject to amortization ​ ​ ​ Customer relationships 5.6 ​ $ 128,907 ​ $ (56,822) ​ $ 72,085 Total ​ ​ ​ ​ 128,907 ​ ​ (56,822) ​ ​ 72,085 Indefinite lived assets: ​ ​ ​ Tradenames ​ 16,400 ​ — ​ 16,400 Total intangible assets other than goodwill ​ $ 145,307 ​ $ (56,822) ​ $ 88,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ During the year ended December 31, 2020, the Company wrote-off fully amortized customer related intangibles with a gross carrying amount of approximately $3.8 million and a net book value of $0 . The estimated aggregate amortization expense as of December 31, 2021 for each of the next five years and thereafter is as follows: ​ ​ ​ ​ 2022 $ 13,302 2023 ​ 12,881 2024 ​ 12,881 2025 ​ 12,881 2026 ​ 12,285 Thereafter ​ 7,855 Total $ 72,085 ​

Other Non-Current Assets

Other Non-Current Assets	12 Months Ended
	Dec. 31, 2021
Other Non-Current Assets
Other Non-Current Assets	8. 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Cloud computing implementation costs ​ $ 7,198 ​ $ 7,094 Less: accumulated amortization ​ (3,844) ​ (1,685) Other non-current assets ​ $ 3,354 ​ $ 5,409 ​ None of these costs were amortized during 2019 as the related systems were not ready for their intended use as of December 31, 2019. 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 . Such amortization expense amounted to approximately $2.2 million, $1.7 million, and $0 for the years ended December 31, 2021, 2020, and 2019, respectively and is included in selling, general and administrative expense in the accompanying consolidated statements of comprehensive income (loss).

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2021
Accrued Liabilities
Accrued Liabilities	9. Accrued Liabilities Accrued liabilities as of the dates indicated below consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Employee accrued compensation expense ​ $ 12,473 ​ $ 6,177 Other accrued liabilities ​ 11,033 ​ 8,873 Accrued interest on debt ​ ​ 9,620 ​ ​ 9,649 Total accrued liabilities ​ $ 33,126 ​ $ 24,699 ​ ​ Other accrued liabilities in the above table relates primarily to accrued utilities, rent, real estate and sales taxes, state income taxes, liability-based stock compensation awards (see Note 21), and other accrued operating expenses.

Notes Due from Affiliates

Notes Due from Affiliates	12 Months Ended
	Dec. 31, 2021
Notes Due from Affiliates
Notes Due from Affiliates	10. Notes Due from Affiliates The Company records interest income on notes due from affiliates based on the stated interest rate in the loan agreement. Refer to Note 11 for interest income recognized for the years ended December 31, 2021, 2020 and 2019, respectively. All affiliate notes were paid in connection with the Business Combination discussed in Note 3. ​

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt
Debt	11. 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 and began 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 ​ $ 1,681 ​ $ 8,107 ​ 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 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 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 ABL Facility. To the extent lenders under the 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 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 $1.7 million is presented on the face of the consolidated balance sheet as of December 31, 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 December 31, 2021 consisted of $1.4 million of capital leases. The capital leases pertain to leases entered into during 2019 through 2021, for commercial-use vehicles with 36-month terms expiring through 2024 with a weighted average interest rate of approximately 3.83%. 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 required 9 monthly payments of approximately $0.4 million that began on December 1, 2020 and ended on August 1, 2021 when the obligation was completely paid off. The Company’s capital lease and other financing obligations as of December 31, 2020, primarily consisted of $0.9 million of capital leases related to commercial-use vehicles with the same terms as described above, and $2.9 million related to the insurance financing obligation described above. 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 “ABL Facility”). The historical debt of Bidco, Target and their respective subsidiaries under the Algeco ABL Facility was settled at the time of the consummation of the Business Combination on the Closing Date. Approximately $40 million of proceeds from the ABL Facility were used to finance a portion of the consideration payable and fees and expenses incurred in connection with the Business Combination. During the year ended December 31, 2021, the Company repaid a net amount of $48 million of borrowings under the ABL Facility from excess cash available, which reduced the outstanding balance to $0 as of December 31, 2021. ​ Borrowings under the ABL Facility, at the relevant borrower’s (the borrowers under the 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 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 ABL Facility. The 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 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 ABL Facility. ​ In addition, the ABL Facility will provide the Borrowers with the option to increase commitments under the ABL Facility in an aggregate amount not to exceed $75 million plus any voluntary prepayments that are accompanied by permanent commitment reductions under the ABL Facility. The termination date of the ABL Facility is September 15, 2023. ​ The obligations under the 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 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 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 ABL Facility is less than the greater of (a) $15.625 million and (b) 12.5% of the Line Cap. ​ The 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 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Capital lease and other financing obligations ​ $ 1,425 ​ $ 3,840 ABL facility ​ — ​ 48,000 9.50% Senior Secured Notes due 2024, face amount ​ ​ 340,000 ​ ​ 340,000 Less: unamortized original issue discount ​ ​ (1,681) ​ ​ (2,319) Less: unamortized term loan deferred financing costs ​ ​ (8,107) ​ ​ (11,182) Total debt, net ​ 331,637 ​ 378,339 Less: current maturities ​ (729) ​ (3,571) Total long-term debt ​ $ 330,908 ​ $ 374,768 ​ Interest expense, net The components of interest expense, net (which includes interest expense incurred) recognized in the consolidated statements of comprehensive income (loss) for the periods indicated below consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 2019 Interest expense incurred on Notes Due to Affiliates (Note 13) ​ $ — ​ $ — ​ $ 1,955 Interest expense incurred on ABL facilities and Notes ​ ​ 33,670 ​ ​ 35,396 ​ ​ 28,608 Amortization of deferred financing costs on ABL facilities and Notes ​ ​ 4,338 ​ ​ 3,950 ​ ​ 3,204 Amortization of original issue discount on Notes ​ ​ 638 ​ ​ 557 ​ ​ 425 Interest incurred on capital lease and other financing obligations ​ ​ 58 ​ ​ 131 ​ ​ — Interest capitalized ​ ​ — ​ ​ — ​ ​ (791) Interest expense, net ​ $ 38,704 ​ $ 40,034 ​ $ 33,401 ​ Deferred Financing Costs and Original Issue Discount The Company incurred and deferred approximately $16.3 million of deferred financing costs and approximately $3.3 million of original issue discount in connection with the issuance of the Notes in 2019 in connection with the Business Combination, which are included in the carrying value of the Notes as of December 31, 2021 and 2020. 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 consolidated balance sheets as of December 31, 2021 and 2020. Accumulated amortization expense related to the deferred financing costs was approximately $7.8 million and $4.7 million as of December 31, 2021 and 2020, respectively. Accumulated amortization of the original issue discount was approximately $1.6 million and $1.0 million as of December 31, 2021 and 2020, respectively. The Company also incurred deferred financing costs associated with the ABL Facility as a result of the Business Combination in the amount of approximately $3.9 million, which are capitalized and presented on the consolidated balance sheet as of December 31, 2021 and 2020 within deferred financing costs revolver, net. These costs are amortized over the contractual term of the line-of-credit through the initial maturity date using the straight-line method. ​ The ABL Facility was considered a modification of the Algeco ABL Facility for accounting purposes. Certain of the lenders under the Algeco ABL Facility are also lenders under the ABL Facility. As the borrowing capacity of each of the continuing lenders in the ABL Facility is greater than the borrowing capacity of the Algeco ABL Facility, the unamortized deferred financing costs at the time of the modification of approximately $1.8 million associated with the continuing lenders of the Algeco ABL Facility was deferred and amortized over the remaining term of the ABL Facility. Any unamortized deferred financing costs from the Algeco ABL Facility that pertained to non-continuing lenders were expensed through loss on extinguishment of debt on the consolidated statement of comprehensive income (loss) as of the modification date. The Company recognized a charge of $0.9 million in loss on extinguishment of debt related to the write-off of deferred financing costs pertaining to non-continuing lenders for the year ended December 31, 2019. ​ Accumulated amortization related to revolver deferred financing costs for both the Algeco ABL Facility and ABL Facility was approximately $3.7 million and $2.4 million as of December 31, 2021 and 2020, respectively. ​ Refer to the components of interest expense table in Note 11 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 years ended December 31, 2021, 2020 and 2019, respectively. ​ Future maturities The aggregate annual principal maturities of debt and capital lease obligations for each of the next five years, based on contractual terms are listed in the table below. The schedule of future maturities as of December 31, 2021 consists of the following: ​ ​ ​ ​ ​ 2022 ​ $ 729 2023 ​ ​ 503 2024 ​ ​ 340,193 Total ​ $ 341,425 ​

Warrant Liabilities

Warrant Liabilities	12 Months Ended
	Dec. 31, 2021
Warrant Liabilities
Warrant Liabilities	12. 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 Platinum Eagle an aggregate of 5,333,334 Private Warrants at a price of $1.50 per warrant (for an aggregate purchase price of $8.0 million) in a private placement that occurred simultaneously with the completion of the Public Offering. 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 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 statements of comprehensive income (loss). The change in the estimated fair value of the Private Warrants resulted in a loss (gain) of approximately $1.1 million, ($2.4) million, and ($5.9) million during the years ended December 31, 2021, 2020, and 2019, respectively. As of December 31, 2021 and 2020, the Company had 5,333,334 Private Warrants issued and outstanding. ​ The Company determined the following estimated fair values for the outstanding Private Warrants as of the dates indicated below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Warrant liabilities ​ $ 1,600 ​ $ 533 Total ​ $ 1,600 ​ $ 533 ​

Notes Due to Affiliates

Notes Due to Affiliates	12 Months Ended
	Dec. 31, 2021
Notes Due to Affiliates
Notes Due to Affiliates	13. Notes Due to Affiliates The Company records interest expense on notes due to affiliates based on the stated interest rate in the loan agreement. Refer to Note 11 for interest expense incurred for the years ended December 31, 2021, 2020 and 2019, respectively. As part of the Business Combination, the affiliate note that was executed in September 2018 in connection with the acquisition of Signor has been extinguished. Prior to the Business Combination, Signor paid $9 million to a TDR affiliate, of which $5.3 million was used to pay off the accrued interest and the remaining $3.7 million was used to pay down the outstanding principal, reducing the amount owed to $104.3 million. Upon consummation of the Business Combination, the remaining principal was settled between Signor and the TDR affiliate in the form of a capital contribution. As of December 31, 2020 and 2019, respectively, there are no Notes due to affiliates. ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Taxes
Income Taxes	14. Income Taxes The components of the provision for income taxes are comprised of the following for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 2019 Domestic ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 1,365 ​ $ 296 ​ $ 1,615 Deferred ​ ​ 469 ​ ​ (8,751) ​ ​ 5,992 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 70 ​ ​ — ​ ​ — Deferred ​ ​ — ​ ​ — ​ ​ — Total income tax expense (benefit) ​ $ 1,904 ​ $ (8,455) ​ $ 7,607 ​ Income tax results differed from the amount computed by applying the U.S. statutory income tax rate to income (loss) before income taxes for the following reasons for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 2019 Statutory income tax expense (benefit) ​ $ (561) ​ $ (7,053) ​ $ 4,112 State tax expense ​ ​ 1,120 ​ ​ (450) ​ ​ 1,816 Effect of tax rates in foreign jurisdictions ​ ​ 30 ​ ​ (17) ​ ​ (37) Change in fair value of warrant liabilities ​ ​ 224 ​ ​ (494) ​ ​ (1,209) Transaction costs ​ ​ — ​ ​ (899) ​ ​ 2,387 Stewardship expense ​ ​ — ​ ​ — ​ ​ 35 Valuation allowances ​ ​ 452 ​ ​ (279) ​ ​ 226 Compensation ​ ​ 500 ​ ​ 201 ​ ​ 92 Other ​ ​ 139 ​ ​ 536 ​ ​ 185 Reported income tax expense (benefit) ​ $ 1,904 ​ $ (8,455) ​ $ 7,607 ​ Income tax expense (benefit) was $1.9 million, ( $8.5 ) million and $7.6 million for the years ended December 31, 2021, 2020 and 2019, respectively. The effective tax rate for the years ended December 31, 2021, 2020, and 2019 was (71.3)% , 25.2% and 38.9% , respectively. The fluctuation in the rate for the years ended December 31, 2021, 2020 and 2019, respectively, results primarily from the relationship of year-to-date income (loss) before income tax and the discrete treatment of the bonus amounts and transaction costs paid in connection with the Business Combination discussed in Note 3 as well as the fluctuation in the permanent add-back related to the change in fair value of warrant liabilities on the Company’s warrants and the impact of state tax expense based off of gross receipts. ​ Deferred Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as well as from net operating loss and carryforwards. Significant components of the deferred tax assets and liabilities for the Company are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Deferred tax assets ​ ​ ​ ​ ​ ​ Deferred compensation ​ $ — ​ $ 20 Deferred revenue ​ ​ 7,779 ​ ​ 4,169 Intangible assets ​ ​ 9,640 ​ ​ 9,668 Tax loss carryforwards ​ ​ 34,303 ​ ​ 33,279 Other - net ​ ​ 1,584 ​ ​ 1,525 Deferred tax assets gross ​ ​ 53,306 ​ ​ 48,661 Valuation allowance ​ ​ (4,176) ​ ​ (3,577) Net deferred income tax asset ​ ​ 49,130 ​ ​ 45,084 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities ​ ​ ​ ​ ​ ​ Rental equipment and other plant, property and equipment ​ ​ (33,709) ​ ​ (28,718) Software ​ ​ (711) ​ ​ (1,187) Deferred tax liability ​ ​ (34,420) ​ ​ (29,905) Net deferred income tax asset ​ $ 14,710 ​ $ 15,179 ​ Tax loss carryovers for federal and foreign income tax purposes totaled $153.0 million at December 31, 2021 as shown in the below table. Approximately $7.6 million of these federal and foreign income tax loss carryovers expire between 2023 and 2042. The remaining $145.4 million of federal income tax loss carryovers do not expire. The availability of these tax losses to offset future income varies by jurisdiction. Furthermore, the ability to utilize the tax losses may be subject to additional limitations upon the occurrence of certain events, such as changes in ownership of the Company. Realization is dependent on generating sufficient taxable income prior to expiration of the loss carryforwards. Although realization is not assured, the Company believes it is more likely than not that all of the deferred tax asset will be realized. The amount of the deferred tax asset considered realizable, however, could be reduced if estimates of future taxable income during the carryforward period are reduced. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation ​ ​ 2021 Expiration ​ Allowance ​ United States ​ $ 147,682 ​ $2,300 expire in 2038. Remaining do not expire. ​ — % Canada ​ ​ 4,809 ​ 2023-2042 ​ 100 % Mexico ​ ​ 498 ​ 2024-2032 ​ 100 % Total ​ $ 152,989 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrecognized Tax Positions ​ No amounts have been accrued for uncertain tax positions as of December 31, 2021 and 2020. However, management's conclusion regarding uncertain tax positions may be subject to review and adjustment at a later date based on ongoing analyses of tax laws, regulations, and interpretations thereof and other factors. The Company does not have any unrecognized tax benefits as of December 31, 2021 and 2020 and does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Additionally, no interest or penalty related to uncertain taxes has been recognized in the accompanying consolidated financial statements. ​ The Company is subject to taxation in US, Canada, Mexico and state jurisdictions. The Company’s tax returns are subject to examination by the applicable tax authorities prior to the expiration of statute of limitations for assessing additional taxes, which generally ranges from two to five years after the end of the applicable tax year. Therefore, as of December 31, 2021, tax years for 2015 through 2021 generally remain subject to examination by the tax authorities. In addition, in the case of certain tax jurisdictions in which the Company has loss carryforwards, the tax authority in some of these jurisdictions may examine the amount of the tax loss carryforward based on when the loss is utilized rather than when it arises.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2021
Fair Value of Financial Instruments
Fair Value of Financial Instruments	15. 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. 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 Financial Assets (Liabilities) Not Measured at Fair Value Carrying Amount ​ Fair Value Carrying Amount Fair Value ABL facility (See Note 11) - Level 2 ​ $ — ​ $ — ​ $ (48,000) $ (48,000) Senior Secured Notes (See Note 11) - Level 1 ​ $ (330,212) ​ $ (348,075) ​ $ (326,499) ​ $ (300,900) ​ Recurring fair value measurements ​ Level 3 Disclosures: ​ There were 5,333,334 Private Warrants outstanding as of December 31, 2021 and 2020. Based on the fair value assessment that was performed, the Company determined a fair value price per Private Warrant of $0.30 and $0.10 as of December 31, 2021 and 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ December 31, ​ ​ ​ 2021 ​ ​ ​ 2020 Exercise Price ​ $ 11.50 ​ ​ $ 11.50 Stock Price ​ $ 3.56 ​ ​ $ 1.58 Dividend Yield ​ % 0.00 ​ ​ % 0.00 Expected Term (in Years) ​ ​ 2.20 ​ ​ ​ 3.20 Risk-Free Interest Rate ​ % 0.78 ​ ​ % 0.19 Expected Volatility ​ % 64.00 ​ ​ % 68.00 Per Share Value of Warrants ​ $ 0.30 ​ ​ $ 0.10 ​ The following table presents changes in Level 3 liabilities measured at fair value for the year ended December 31, 2020: ​ ​ ​ ​ ​ ​ ​ Private Placement Warrants Balance at December 31, 2019 ​ $ 2,880 Change in fair value of warrant liabilities ​ ​ (2,347) Balance at December 31, 2020 ​ $ 533 ​ The following table presents changes in Level 3 liabilities measured at fair value for the year ended December 31, 2021: ​ ​ ​ ​ ​ ​ ​ Private Placement Warrants Balance at December 31, 2020 ​ $ 533 Change in fair value of warrant liabilities ​ ​ 1,067 Balance at December 31, 2021 ​ $ 1,600 ​ There were no transfers of financial instruments between the three levels of the fair value hierarchy during the years ended December 31, 2021 and 2020, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies.
Commitments and Contingencies	16. 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. Commitments The Company leases certain land, lodging units and real estate under non-cancellable operating leases, the terms of which vary and generally contain renewal options. Total rent expense under these leases is recognized ratably over the initial term of the lease. Any difference between the rent payment and the straight-line expense is recorded as a liability. Rent expense included in services costs in the consolidated statements of comprehensive income (loss) for cancelable and non-cancelable leases was $13.9 million, $5.6 million and $12.5 million for the years ended December 31, 2021, 2020 and 2019, respectively. Rent expense included in the selling, general, and administrative expenses in the consolidated statements of comprehensive income (loss) for cancelable and non-cancelable leases was $0.4 million, $0.5 million and $0.6 million for the years ended December 31, 2021, 2020 and 2019, respectively. Future minimum lease payments over the next five years and thereafter at December 31, 2021, by year and in the aggregate, under non-cancelable operating leases are as follows: ​ ​ ​ ​ ​ 2022 ​ $ 5,003 2023 ​ ​ 4,514 2024 ​ ​ 4,118 2025 ​ ​ 3,593 2026 ​ ​ 2,874 Thereafter ​ ​ 376 Total ​ $ 20,478 ​

Rental Income

Rental Income	12 Months Ended
	Dec. 31, 2021
Rental Income
Rental Income	17. Rental Income Certain arrangements contain a lease of lodging facilities (Lodges) to customers. During 2014, we entered into a lease for Lodges in Dilley, Texas. During 2020, the lease for the lodges in Dilley was amended and expires in 2026. During 2015, the Company entered into a lease for Lodges in Mentone, Texas that expires in 2022. That lease was amended in 2020, which resulted in the contract no longer being treated as a lease and as such, the revenue associated is now being reported within services income. During 2019, the Company entered into a lease agreement in Orla, Texas which was amended in 2020 and expired on December 31, 2021. Additionally, the Company entered into a lease in Midland, Texas, which was terminated during 2020. During 2021, the Company entered into a lease for lodges in Pecos, Texas that expires in 2022. Rental income from these leases for 2021, 2020 and 2019 was approximately $76.9 million, $53.0 million and $59.8 million, respectively. Each Lodge is leased exclusively to one customer and is accounted for as an operating lease under the authoritative guidance for leases. Revenue related to these lease arrangements is reflected as specialty rental income in the consolidated statements of comprehensive income (loss). Scheduled future minimum lease payments to be received by the Company as of December 31, 2021 for each of the next five years is as follows: ​ ​ ​ ​ ​ 2022 ​ $ 50,422 2023 ​ ​ 37,768 2024 ​ ​ 34,392 2025 ​ ​ 34,300 2026 ​ ​ 25,657 Total ​ $ 182,539 ​

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2021
Related Parties
Related Parties	18. Related Parties Upon the consummation of the Business Combination, outstanding loans to officers were forgiven, which resulted in $1.6 million of additional expenses recognized in selling, general and administrative expenses on the consolidated statement of comprehensive income (loss) for the year ended December 31, 2019. There were no amounts due on these loans to officers as of December 31, 2021 and 2020, respectively. Compensation expense related to these officer loans recognized for the years ended December 31, 2021, 2020, and 2019, totaled $0, $0, and $1.6 million, respectively, and are included in selling, general and administrative expense in the consolidated statements of comprehensive income (loss). The Company leased modular buildings from an ASG affiliate to serve one of its customers. The rent expense related to the leasing of the modular buildings amounted to $0, $0, and $0.3 million for the years ended December 31, 2021, 2020 and 2019, respectively. During the years ended December 31, 2021, 2020 and 2019, respectively, the Company incurred $0.6 million, $0.8 million and $0.8 million in commissions owed to related parties, included in selling, general and administrative expense in the accompanying consolidated statements of comprehensive income (loss). At December 31, 2021 and December 31, 2020, respectively, the Company accrued $0 and $0.3 million, for these commissions. The underlying commission agreement driving these charges expired in 2021 and was not renewed. ​ Prior to the closing of the Business Combination, Mr. Diarmuid Cummins (the “Advisor”) provided certain consulting and advisory services (the “Services”) to Target Parent and certain of its affiliated entities (collectively, “Algeco”), including Target. The Advisor was compensated for these Services by Algeco. Following the closing of the Business Combination, the Advisor continued to provide these Services to Algeco and to the Company and is serving as an observer on the board of directors of the Company. The Advisor is currently compensated for these services by Chard Camp Catering Services Ltd. (“Chard”), a wholly-owned subsidiary of the Company. In June 2019, Chard and Algeco Global Sarl (“Algeco Global”) entered into a reimbursement agreement, as amended in July 2019, (the “Agreement”), pursuant to which Algeco Global agreed to reimburse Chard for 100% of the total compensation paid by it to the Advisor, from and after January 1, 2019, with such amounts to be paid monthly. The Company and Algeco Global are each majority owned by TDR Capital. The initial term of the Agreement ran through December 31, 2019 and automatically extended for an additional 12 month term. The agreement terminated on December 31, 2020 and was not renewed. This reimbursement for the years ended December 31, 2021 and December 31, 2020 amounted to $0 and approximately $1.1 million, respectively, and is included in the other expense (income), net line within the consolidated statement of comprehensive income (loss) while $0 and approximately $1.2 million are recorded as a related party receivable on the consolidated balance sheets as of December 31, 2021 and 2020, respectively. The related party receivable amount of approximately $1.2 million on the consolidated balance sheet as of December 31, 2020 was paid in full in March of 2021.

Earnings (Loss) per Share

Earnings (Loss) per Share	12 Months Ended
	Dec. 31, 2021
Earnings (Loss) per Share
Earnings (Loss) per Share	19. 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 earnings per share, except that it includes the potential dilution that could occur if dilutive securities were exercised. The following table presents basic and diluted EPS and LPS for the periods indicated below ($ in thousands, except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ December 31, ​ December 31, ​ 2021 2020 2019 Numerator ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to Common Stockholders ​ $ (4,576) ​ $ (25,131) ​ $ 11,972 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic and diluted ​ ​ 96,611,022 ​ ​ 96,018,338 ​ ​ 94,501,789 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) per share - basic and diluted ​ $ (0.05) ​ $ (0.26) ​ $ 0.13 ​ ​ As discussed in Note 3, 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 EPS calculations. ​ The 2018 Warrants representing 16,166,650 shares of the Company’s common stock for the years ended December 31, 2021, 2020, and 2019 were excluded from the computation of EPS because they are considered anti-dilutive as the exercise price exceeds the average market price of the common stock price during the applicable periods. ​ As discussed in Note 21, RSUs and stock options were outstanding for the years ended December 31, 2021 and 2020, respectively. These RSUs and stock options were excluded from the computation of EPS because their effect would have been anti-dilutive. ​ As discussed in Note 20, in 2019, the Company repurchased shares of its outstanding Common Stock. These shares of treasury stock have been excluded from the computation of EPS.

Stockholders Equity

Stockholders Equity	12 Months Ended
	Dec. 31, 2021
Stockholders Equity
Stockholders' Equity	​ 20. Stockholders’ Equity Common Stock ​ As of December 31, 2021, Target Hospitality had 106,367,450 shares of Common Stock, par value $0.0001 per share issued and 101,952,683 outstanding. 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, as discussed in Note 3. ​ Preferred Shares ​ Target Hospitality is authorized to issue 1,000,000 preferred shares with par value of $0.0001 per share. As of December 31, 2021, no preferred shares were issued or 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-third ​ 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 December 31, 2021, the Company had 10,833,316 Public warrants issued and outstanding with the same terms as described above. ​ Common Stock in Treasury ​ On August 15, 2019, the Company's board of directors approved the 2019 Share Repurchase Program (“2019 Plan”), authorizing the repurchase of up to $75.0 million of our Common Stock from August 30, 2019 to August 15, 2020. During the year ended December 31, 2019, the Company repurchased 4,414,767 shares of our Common Stock for an aggregated price of approximately $23.6 million. As of August 15, 2020, the 2019 Plan had a remaining capacity of approximately $51.4 million. The 2019 Plan terminated on August 15, 2020 and was not renewed. ​

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2021
Stock-Based Compensation
Stock-Based Compensation	21. 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 March 4, 2020, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company adopted a new form of Executive Nonqualified Stock Option Award Agreement (the “Stock Option Agreement”) and a new form of Executive Restricted Stock Unit Agreement (the “RSU Agreement” and together with the Stock Option Agreement, the “Award Agreements”) with respect to the granting of nonqualified stock options and restricted stock units, respectively, granted under the Plan. The new Award Agreements will be used for all awards to executive officers made on or after March 4, 2020. ​ The Award Agreements have material terms that are substantially similar to those in the forms of award agreements last approved by the Compensation Committee and disclosed by the Company, except for the following: under the new Award Agreements, 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 any portion of the participant’s awarded securities scheduled to become vested within twelve months after the participant’s termination date shall be vested on his or her termination date. 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 (each an “RSU”) 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 May 21, 2019, the Compensation Committee granted time-based RSUs to certain of the Company’s executive officers, other employees, and directors. 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 212,621. These RSU awards granted vest in four equal installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023. On September 3, 2019, our Chief Financial Officer received a grant of 81,434 RSUs and 48,860 RSUs, which vested on March 15, 2020 and on each of the first four anniversaries of the grant date, respectively. The number of RSUs granted to non-executive directors of the board amounted to 81,967 and were also granted on May 21, 2019. The RSU awards granted to non-executive directors of the board vest over one year on the anniversary of the date of grant or the date of the first annual meeting of the stockholders following the grant date, whichever is sooner. ​ Additionally, on May 21, 2019, the Compensation Committee approved the election by Mr. Archer, the CEO, pursuant to his employment agreement dated January 29, 2019, to receive his annual base salary for the period July 1, 2019 to December 31, 2019 in the form of 30,000 RSUs. These RSUs vested in six equal installments on the first of each month, beginning on July 1, 2019 through December 1, 2019. On January 2, 2020, the Compensation Committee approved the election by Mr. Archer, the CEO, pursuant to his employment agreement dated January 29, 2019, to receive his annual base salary for the period January 1, 2020 to December 31, 2020 in the form of 124,741 RSUs. These RSUs vested in twelve equal installments on the first of each month, except for one twelfth ​ Further, on March 4, 2020, 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 503,757. These RSU awards granted vest in four equal installments on each of the first four anniversaries of the grant date, on March 4, 2021, 2022, 2023, and 2024. ​ As a result of the volatility in the global financial and commodity markets created by the COVID-19 pandemic, the Company implemented measures to reduce the Company’s ongoing cash expenses. Consistent with that goal, the Compensation Committee approved the Salary Reduction Equity Award Program (the “Salary Program”), effective April 1, 2020. Pursuant to the Salary Program, the Company reduced the base salary amounts paid to certain executive officers and other employees by up to 20% for the period between April 1, 2020 and December 31, 2020. On April 1, 2020 and as contemplated by the Salary Program, the Company awarded a total of 201,988 RSUs pursuant to the Plan to participants in the Salary Program. The RSUs ratably vest on the first of every month through December 2020. Shares received upon settlement of RSUs granted under the Salary Program are not subject to any sale restrictions that would otherwise apply under the Company’s ownership guidelines; however, the provisions of the Company’s Securities Trading Policy continue to apply to such shares. Concurrent with the approval of the Salary Program, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the “Director Retainer Program”), effective April 1, 2020. Pursuant to the Director Retainer Program, the Company reduced the cash retainer paid to non-employee directors by 20%. During the year ended December 31, 2020 and as contemplated by the Director Retainer Program, the Company awarded a total of 66,070 RSUs pursuant to the Plan to the participants in the Director Retainer Program. The RSUs ratably vest on June 30, September 30 and December 31, 2020. Shares received upon settlement of RSUs granted under the Director Retainer Program are not subject to any sale restrictions that would otherwise apply under the Company’s ownership guidelines; however, the provisions of the Company’s Securities Trading Policy continue to apply to such shares. On October 1, 2020, both the Salary Program and the Director Retainer Program were terminated. Pursuant to the termination of the Salary Program, the Company recommenced payment of 100% of the base salary of the participating executive officers and other employees, on October 1, 2020, and each participating executive officer and employee agreed to forfeit RSUs awarded to him or her pursuant to the Salary Program scheduled to vest on or after October 1, 2020. Pursuant to the termination of the Director Retainer Program, the Company recommenced payment of 100% of the director fees of each non-employee director, on October 1, 2020, and each non-employee director agreed to forfeit RSUs awarded to him or her pursuant to the Director Retainer Program scheduled to vest on or after October 1, 2020. ​ 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. Also, in August 2021, 30,899 of additional time-based RSUs were granted to certain of the Company’s other employees. ​ 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 or, if earlier, the date of the 2022 Annual Meeting of the Stockholders. Also, on August 4, 2021 and September 20, 2021, the Company awarded 22,087 and 17,351 time-based RSUs, respectively, to two new non-employee directors, which have the same vesting schedule as those issued on May 18, 2021. ​ For the year ended December 31, 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. ​ Accelerated Vesting of Restricted Stock Unit Grants ​ Due to certain non-employee director resignations and as permitted by the Plan, effective December 31, 2021, the Board approved the accelerated vesting of 115,386 RSUs granted on May 18, 2021. ​ The table below represents the changes in RSUs for the year ended December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Shares ​ Weighted Average Grant Date Fair Value per Share Balance at December 31, 2020 ​ ​ 1,124,762 ​ $ 4.21 Granted ​ ​ 1,531,787 ​ ​ 2.10 Vested ​ ​ (769,454) ​ ​ 2.96 Forfeited ​ ​ (24,505) ​ ​ 3.34 Balance at December 31, 2021 ​ ​ 1,862,590 ​ $ 3.00 ​ The total fair value of RSUs vested during the years ended December 31, 2021, 2020 and 2019 was $2.1 million, $1.0 million, and $0.2 million, respectively. The weighted-average grant date fair value per RSU of RSUs granted during the years ended December 31, 2021, 2020 and 2019 was $2.10 , $3.07 , and $9.49 , respectively. RSUs granted during the years ended December 31, 2021, 2020 and 2019, were 1,531,787 ; 1,374,085 ; and 454,882 ; respectively. ​ Stock-based compensation expense for these RSUs recognized in selling, general and administrative expense in the consolidated statement of comprehensive income (loss) for the year ended December 31, 2021 was approximately $3.1 million, with an associated tax benefit of approximately $0.7 million. Stock-based compensation expense for these RSUs recognized in selling, general and administrative expense in the consolidated statement of comprehensive income (loss) for the year ended December 31, 2020 was approximately $3.0 million, with an associated tax benefit of approximately $0.7 million. Stock-based compensation expense for these RSUs recognized in selling, general and administrative expense in the consolidated statement of comprehensive income (loss) for the year ended December 31, 2019 was approximately $1.5 million, with an associated tax benefit of less than $0.4 million. At December 31, 2021, unrecognized compensation expense related to RSUs totaled approximately $4.2 million and is expected to be recognized over a remaining term of approximately 1.88 years. ​ Under the authoritative guidance for stock-based compensation, 537,047 of the RSUs granted during 2021 are considered liability-based awards due to an insufficient number of shares available under the plan to service these awards upon vesting. As such, the Company recognized a liability associated with these RSUs of approximately $0.8 million as of December 31, 2021, of which approximately $0.5 million is included in accrued liabilities and approximately $0.3 million is included in other non-current liabilities in the accompanying balance sheets. The estimated fair value of these liability-based awards was $3.56/RSU as of December 31, 2021. The fair value of these liability awards will be remeasured at each reporting period until the date of settlement. ​ Stock Option Awards ​ On May 21, 2019, the Compensation Committee granted 482,792 time-based stock option awards to certain employees. On September 3, 2019 the Compensation Committee made an additional grant of 171,429 time-based stock options to our newly appointed Chief Financial Officer. Additionally, on March 4, 2020 the Compensation Committee granted 1,140,873 time-based stock option awards to certain employees. Each option represents the right upon vesting, to buy one share of the Company’s common stock, par value $0.0001 per share, for $4.51 to $10.83 per share. The stock options vest in four equal installments on each of the first four anniversaries of the grant date and expire ten years from the grant date. ​ As shown in the following table, during the year ended December 31, 2021, there were no new grants or other changes in the stock options outstanding. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options ​ Weighted Average Exercise Price Per Share Weighted Average Contractual Life (Years) ​ Intrinsic Value Outstanding Options at December 31, 2020 ​ ​ 1,643,135 ​ $ 6.11 ​ 8.95 ​ $ - Granted ​ ​ - ​ ​ - ​ - ​ ​ - Forfeited ​ ​ - ​ ​ - ​ - ​ ​ - Vested and expired ​ ​ - ​ ​ - ​ - ​ ​ - Outstanding Options at December 31, 2021 ​ ​ 1,643,135 ​ $ 6.11 ​ 7.95 ​ $ - ​ ​ 546,272 shares were exercisable at December 31, 2021. The total fair value of stock option awards vested and expired during the years ended December 31, 2021, 2020 and 2019 was $0.8 million, $0.4 million, and $0.1 million, respectively. ​ Stock-based compensation expense for these stock option awards recognized in selling, general and administrative expense in the consolidated statement of comprehensive income (loss) for the year ended December 31, 2021 was approximately $0.8 million with an associated tax benefit of approximately $0.2 million. Stock-based compensation expense for these stock option awards recognized in selling, general and administrative expense in the consolidated statement of comprehensive income (loss) for the year ended December 31, 2020 was approximately $0.8 million with an associated tax benefit of approximately $0.2 million. Stock-based compensation expense for these stock option awards recognized in selling, general and administrative expense in the consolidated statement of comprehensive income (loss) for the year ended December 31, 2019 was approximately $0.2 million with an associated tax benefit of less than $0.1 million. At December 31, 2021, unrecognized compensation expense related to stock options totaled $1.4 million and is expected to be recognized over a remaining term of approximately 1.87 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 ​ The weighted-average grant date fair value per option of options granted during the years ended December 31, 2021, 2020 and 2019 was $0, $1.42, and $2.92, respectively. Options granted during the years ended December 31, 2021, 2020 and 2019, were 0; 1,140,875; and 654,221; respectively. ​ 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 during the year ended December 31, 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 1,578,537 (including 26,906 granted on August 5, 2021). ​ The following table summarizes SARs outstanding at December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Units ​ ​ Weighted-Average Exercise Price ​ Weighted-Average Remaining Contractual Term (Years) Outstanding SARs at December 31, 2020 ​ - ​ $ - ​ - Granted ​ 1,578,537 ​ ​ 1.82 ​ 9.17 Outstanding SARs at December 31, 2021 ​ 1,578,537 ​ $ 1.82 ​ 9.17 ​ 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 $1.2 million as of December 31, 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 weighted-average fair value of each SAR as of December 31, 2021 was $2.69. 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 year ended December 31, 2021, the Company recognized compensation expense related to these awards of approximately $1.2 million in selling, general and administrative expense in the unaudited consolidated statement of comprehensive income (loss). At December 31, 2021, unrecognized compensation expense related to SARs totaled approximately $3.0 million and is expected to be recognized over a remaining term of approximately 2.16 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 appreciation right 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 year ended December 31, 2021.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2021
Retirement Plans
Retirement Plans	22. 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. We recognized expense of $0.7 million, $0.7 million and $0.8 million related to matching contributions under our various defined contribution plans during the years ended December 31, 2021, 2020 and 2019, respectively.

Business Segments

Business Segments	12 Months Ended
	Dec. 31, 2021
Business Segments
Business Segments	23. Business Segments The Company has six operating segments, none of which qualify for aggregation. Four of the segments are disclosed as reportable segments, based on the 10% tests. The aggregate external revenues of these reportable segments exceeded 75% of the Company’s consolidated revenues. The remaining three operating segments were combined in the “All Other” category. ​ 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 are now referred to as HFS – South and HFS – Midwest, respectively. All other reportable segment names remain unchanged. The Company is organized primarily on the basis of geographic region and customer industry group and operates in four reportable segments. These reportable segments are also operating segments. Resources are allocated, and performance is assessed by our CEO, whom we have determined to be our Chief Operating Decision Maker (CODM). 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 accounting policies of the segments are the same as those described in the “Summary of Significant Accounting Policies” for the Company. The Company evaluates performance of their segments and allocates resources to them based on revenue and adjusted gross profit. Adjusted gross profit for the CODM’s analysis includes the services and specialty rental costs in the financial statements and excludes depreciation, loss on impairment, and certain severance costs. The table below presents information about reported segments for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HFS – South HFS – Midwest Government ​ TCPL Keystone All Other Total Revenue ​ $ 116,958 ​ $ 4,150 ​ $ 156,250 ​ $ 12,283 ​ $ 1,696 (a) $ 291,337 Adjusted gross profit ​ $ 52,344 ​ $ (711) ​ $ 94,801 ​ $ 9,161 ​ $ (636) ​ $ 154,959 Capital expenditures ​ $ 8,575 ​ $ 174 ​ $ 27,525 ​ $ - ​ $ 57 ​ ​ ​ Total Assets ​ $ 206,774 ​ $ 43,504 ​ $ 87,308 ​ $ 3,007 ​ $ 2,412 ​ $ 343,005 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HFS – South HFS – Midwest Government ​ TCPL Keystone All Other Total Revenue ​ $ 112,126 ​ $ 6,605 ​ $ 63,259 ​ $ 41,911 ​ $ 1,247 (a) $ 225,148 Adjusted gross profit ​ $ 51,518 ​ $ 161 ​ $ 47,523 ​ $ 8,617 ​ $ (699) ​ $ 107,120 Capital expenditures ​ $ 8,160 ​ $ 67 ​ $ 24 ​ $ 164 ​ $ 656 ​ ​ ​ Total Assets ​ $ 277,839 ​ $ 51,782 ​ $ 27,149 ​ $ 3,543 ​ $ 3,231 ​ $ 363,544 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HFS – South HFS – Midwest Government ​ TCPL Keystone All Other Total Revenue ​ $ 214,464 ​ $ 20,620 ​ $ 66,972 ​ $ 15,744 ​ $ 3,296 (a) $ 321,096 Adjusted gross profit ​ $ 128,424 ​ $ 8,511 ​ $ 49,203 ​ $ 3,060 ​ $ 1,236 ​ $ 190,434 Capital expenditures ​ $ 82,031 ​ $ 190 ​ $ 305 ​ $ 3,379 ​ $ - ​ ​ ​ ​ (a) Revenues from segments below the quantitative thresholds 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 income (loss) before income taxes for years ended as of the dates indicated below, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 December 31, 2019 Total reportable segment adjusted gross profit ​ $ 155,595 ​ $ 107,819 ​ $ 189,198 Other adjusted gross profit ​ ​ (636) ​ ​ (699) ​ ​ 1,236 Depreciation and amortization ​ ​ (70,519) ​ ​ (65,614) ​ ​ (58,902) Selling, general, and administrative expenses ​ ​ (46,461) ​ ​ (38,128) ​ ​ (76,648) Restructuring costs ​ ​ - ​ ​ - ​ ​ (168) Other income (expense), net ​ ​ (880) ​ ​ 723 ​ ​ (6,872) Currency (gains) losses, net ​ ​ - ​ ​ - ​ ​ 123 Loss on extinguishment of debt ​ ​ - ​ ​ - ​ ​ (907) Interest (expense), net ​ ​ (38,704) ​ ​ (40,034) ​ ​ (33,401) Change in fair value of warrant liabilities ​ ​ (1,067) ​ ​ 2,347 ​ ​ 5,920 Consolidated income (loss) before income taxes ​ $ (2,672) ​ $ (33,586) ​ $ 19,579 ​ A reconciliation of total segment assets to total consolidated assets as of December 31, 2021 and 2020, respectively, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 Total reportable segment assets ​ $ 340,593 ​ $ 360,313 Other assets ​ ​ 3,489 ​ ​ 3,231 Other unallocated amounts ​ ​ 169,310 ​ ​ 170,693 Total Assets ​ $ 513,392 ​ $ 534,237 ​ Other unallocated assets are not included in the measure of segment assets provided to or reviewed by the CODM for assessing performance and allocating resources, and as such, are not allocated. Other unallocated assets consist of the following as reported in the consolidated balance sheets of the Company as of the dates indicated below: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Total current assets ​ $ 60,536 ​ $ 43,562 Other intangible assets, net ​ ​ 88,485 ​ ​ 103,121 Deferred tax asset ​ ​ 14,710 ​ ​ 15,179 Deferred financing costs revolver, net ​ ​ 2,159 ​ ​ 3,422 Other non-current assets ​ ​ 3,420 ​ ​ 5,409 Total other unallocated amounts of assets ​ $ 169,310 ​ $ 170,693 ​ For 2021, revenues from the Company’s Government segment were from two customers and represented approximately $156.3 million of the Company’s consolidated revenues for the year ended December 31, 2021. For 2020 and 2019, revenues from the Company's Government segment were from one customer and represented approximately $63.3 million, and $67.0 million of the Company’s consolidated revenues for the years ended December 31, 2020, and 2019, respectively. ​ There were no single customers from the HFS – South segment for the years ended December 31, 2021 and 2020 that represented 10% or more of the Company’s consolidated revenues. Revenues from one customer of the Company’s HFS – South segment represented approximately $40.0 million of the Company’s consolidated revenues for the year ended December 31, 2019. Revenues from one customer in the TCPL Keystone segment represented approximately $41.9 million of the Company’s consolidated revenues for the year ended December 31, 2020. There were no transactions between reportable operating segments for the years ended December 31, 2021, 2020, and 2019, respectively. ​

Organization and Nature of Op_2

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 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” and, together with its subsidiaries, the “Company”) was formed on March 15, 2019 and is one of North America’s largest providers of vertically integrated specialty rental 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 energy and natural resources and government sectors principally located in the West Texas, South Texas, Oklahoma and Midwest regions. ​ The Company, whose securities are listed on the Nasdaq Capital Market, serves as the holding company for the businesses of Target Logistics Management, LLC and its subsidiaries (“Target or TLM”) 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 Annual Report on Form 10-K 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.
Recent Developments - COVID-19 and Disruption to Global Demand	Recent Developments – CO VI D-19 and Disruption to Global Demand ​ The global outbreak of COVID-19 and the declaration of a pandemic by the World Health Organization on March 11, 2020 presented new 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 HFS South segment and in May of 2020, the Company temporarily closed all communities in the HFS Midwest segment. The Company began re-opening communities in both the HFS 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 balances average daily rates with contract term and positions the Company to take advantage of a more balanced market. Overall, the Company has experienced a positive recovery from the lows of 2020 with consistent improvement in customer demand within the Hospitality and Facilities Services – South segment and significant growth in the Government segment. There have been significant changes to the global economic situation and to public securities markets as a result of COVID-19. Although vaccines have become available for COVID-19, surfacing of virus variants has added a degree of uncertainty to the continuing global impact of COVID-19, which could lead people to continue to self-isolate and not participate in the economy at pre-pandemic levels for a prolonged period of time. 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. 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, includes 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 years ended December 31, 2021, 2020, and 2019, respectively
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). Due to common ownership of Target Parent and Signor Parent by TDR as explained above, for periods prior to the Business Combination the financial statements were combined to include the consolidated accounts of both Target Parent and Signor Parent. All significant intercompany accounts and transactions have been eliminated. Prior to the Business Combination, TDR, the ultimate parent of Target Parent, owned 76% of Target Parent with the remaining 24% held through affiliated entities of TDR. TDR owned 100% of Signor Parent. TDR also has the majority ownership of the entity created from the closing of the Business Combination as discussed above. The financial statements prior to the Business Combination reflect Target Parent and Signor Parent’s historical financial position, results of operations and cash flows, in conformity with US GAAP. Such financial statements were prepared from the separate records maintained by Target Parent and Signor Parent and may not necessarily be indicative of the conditions that would have existed or the results of operations if Target Parent and Signor Parent had been operated as unaffiliated entities. Management believes the assumptions underlying the combined financial statements prior to the Business Combination, including the assumptions regarding the allocation of general corporate expenses, are reasonable. However, the allocations may not include all of the actual expenses that would have been incurred by Target Parent and Signor Parent and may not reflect its results of operations, financial position and cash flows had it been a standalone company during the periods presented. It is not practicable to estimate actual costs that would have been incurred had Target Parent and Signor Parent been a standalone company and operated as an unaffiliated entity during the periods presented. Actual costs that might have been incurred had Target Parent and Signor Parent been a standalone company would depend on a number of factors, including the organizational structure, what corporate functions Target Parent and Signor Parent might have performed directly or outsourced and strategic decisions Target Parent and Signor Parent might have made in areas such as executive management, legal and other professional services, and certain corporate overhead functions. Due to the Restructuring previously discussed, there are approximately $0, $0, and $0.4 million of additional expenses related to the activity of Target Parent included in the consolidated statements of comprehensive income (loss) for the years ended December 31, 2021, 2020, and 2019, respectively. Approximately $0, $0, and $0.2 million are reported in restructuring costs for the years ended December 31, 2021, 2020, and 2019, respectively. Approximately $0, $0 and $0.2 million of these expenses are reported in selling, general and administrative expenses for the years ended December 31, 2021, 2020, and 2019, 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 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. The Business Combination was accounted for as a reverse recapitalization in accordance with ASC 805. Although Platinum Eagle was the indirect acquirer of Target Parent and Signor Parent for legal purposes, Target Parent and Signor Parent were considered the acquirer for accounting and financial reporting purposes. As a result of Target Parent and Signor Parent being the accounting acquirer in the Business Combination, the financial reports filed with the SEC by the Company subsequent to the Business Combination are prepared “as if” Target Parent and Signor Parent are the accounting predecessor of the Company. The historical operations of Target Parent and Signor Parent are deemed to be those of the Company. Thus, the financial statements included in this report reflect (i) the historical operating results of Target Parent and Signor Parent prior to the Business Combination; (ii) the consolidated results of the Company, Target Parent and Signor Parent following the Business Combination on March 15, 2019; (iii) the assets and liabilities of Target Parent and Signor Parent at their historical cost; and (iv) the Company’s equity structure for all periods presented. The recapitalization of the number of shares of Common Stock attributable to the purchase of Target Parent and Signor Parent in connection with the Business Combination is reflected retroactively to the earliest period presented and will be utilized for calculating earnings per share in all prior periods presented. No step-up basis of intangible assets or goodwill was recorded in the Business Combination transaction consistent with the treatment of the transaction as a reverse recapitalization of Target Parent and Signor Parent.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less when purchased to be cash equivalents. Included in restricted cash are irrevocable standby letters of credit that represent collateral for site improvements. This restriction was removed during 2020 and as such, the Company no longer has restricted cash.
Receivables and Allowances for Doubtful Accounts	Receivables and Allowances for Doubtful Accounts Receivables primarily consist of amounts due from customers from the delivery of specialty rental services. The trade accounts receivable is recorded net of an allowance for doubtful accounts. The allowance for doubtful accounts is based upon the amount of losses expected to be incurred in the collection of these accounts. The estimated losses are based upon a review of outstanding receivables, including specific accounts and the related aging, and on historical collection experience. Specific accounts are written off against the allowance when management determines the account is uncollectible. Activity in the allowance for doubtful accounts was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2021 ​ 2020 ​ 2019 Balances at Beginning of Year $ 2,977 ​ $ 989 ​ $ 39 Charges to bad debt expense ​ 1,877 ​ ​ 4,821 ​ ​ 1,183 Recoveries ​ (247) ​ ​ (820) ​ ​ (81) Write-offs ​ (4,564) ​ ​ (2,013) ​ ​ (152) Balances at End of Year $ 43 ​ $ 2,977 ​ $ 989 ​ Charges to bad debt expense, net of recoveries for the period are included within selling, general and administrative expenses in the accompanying consolidated statements of comprehensive income (loss).
Prepaid Expenses and Other Assets	Prepaid Expenses and Other Assets Prepaid expenses of approximately $5.0 million and $4.6 million at December 31, 2021 and 2020, respectively, primarily consist of insurance, taxes, rent, deposits and permits. Prepaid insurance, taxes, rent, and permits are amortized over the related term of the respective agreements. Other assets of approximately $3.4 million and $2.6 million at December 31, 2021 and 2020, respectively, primarily consist of $1.8 million and $1.7 million of deposits as of December 31, 2021 and 2020, respectively, and $1.6 million and $0.9 million of hospitality inventory as of December 31, 2021 and 2020, respectively. Inventory, primarily consisting of food and beverages, is accounted for by the first-in, first-out method and is stated at the lower of cost and net realizable value.
Concentrations of Credit Risk	Concentrations of Credit Risk In the normal course of business, the Company grants credit to its customers based on credit evaluations of their financial condition and generally requires no collateral or other security. Major customers are defined as those individually comprising more than 10.0% of the Company’s revenues or accounts receivable. F or the year ended December 31, 2021, the Company had two customers who accounted for 34.7% and 18.9% of revenues, respectively. The largest customers accounted for 15% and 10% of accounts receivable, respectively, while no other customer accounted for more than 10% of the accounts receivable balance as of December 31, 2021. For the year ended December 31, 2020, the Company had two customers representing 28.1% and 18.6% of total revenues, respectively. The largest customers accounted for 12.0% and 17.0% of accounts receivable, respectively, at December 31, 2020. For the year ended December 31, 2019, the Company had two customers representing 20.8% and 12.5% of total revenues, respectively. Major suppliers are defined as those individually comprising more than 10.0% of the annual goods purchased. For the year ended December 31, 2021, the Company had one major supplier representing 15.3% of goods purchased. For the year ended December 31, 2020 the Company had three major suppliers, representing 16.2% , 10.3% , and 10.2% of goods purchased, respectively. For the year ended December 31, 2019, the Company had one major supplier representing 12.3% of goods purchased. The Company provides services almost entirely to customers in the governmental and natural resource industries and as such, are almost entirely dependent upon the continued activity of such customers.
Interest Capitalization	Interest Capitalization Interest costs for the construction of certain long-term assets are capitalized by applying the weighted average interest rate applicable to the borrowings of the Company to the average amount of accumulated expenditures outstanding during the construction period. Such capitalized interest costs are depreciated over the related assets’ estimated useful lives.
Specialty Rental Assets	Specialty Rental Assets Specialty rental assets (units, site work and furniture and fixtures comprising lodges) are measured at cost less accumulated depreciation and impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. Costs of improvements and betterments to units are capitalized when such costs extend the useful life of the unit or increase the rental value of the unit. Costs incurred for units to meet a particular customer specification are capitalized and depreciated over the lease term. Maintenance and repair costs are expensed as incurred. Depreciation is generally computed using the straight-line method over estimated useful lives and considering the residual value of those assets. The estimated useful life of modular units is 15 years. The estimated useful life of site work (above ground and below ground infrastructure) is 5 years. The estimated useful life of furniture and fixtures is 7 years. Assets leased under capital leases are depreciated over the shorter of the lease term or their useful lives unless it is reasonably certain that the Company will obtain ownership by the end of the lease term. Depreciation methods, useful lives and residual values are adjusted prospectively, if a revision is determined to be appropriate.
Other Property, Plant, and Equipment	Other Property, Plant, and Equipment Other property, plant, and equipment is stated at cost, net of accumulated depreciation and impairment losses. Assets leased under capital leases are depreciated over the shorter of the lease term or their useful lives unless it is reasonably certain that the Company will obtain ownership by the end of the lease term. Land is not depreciated. Maintenance and repair costs are expensed as incurred. Depreciation is generally computed using the straight-line method over estimated useful lives, as follows: ​ ​ ​ ​ Buildings 5-15 years Machinery and office equipment 3-5 years Furniture and fixtures 7 years Software 3 years ​ Depreciation methods, useful lives and residual values are reviewed and adjusted prospectively, if appropriate.
Business Combinations	Business Combinations Except as it relates to common control transactions as described in Note 1, business combinations are accounted for using the acquisition method. Consideration transferred for acquisitions is measured at fair value at the acquisition date and includes assets transferred, liabilities assumed and equity issued. Acquisition costs incurred are expensed and included in selling, general and administrative expenses. When the Company acquires a business, the financial assets and liabilities assumed are assessed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions at the acquisition date. Any contingent consideration transferred by the acquirer is recognized at fair value at the acquisition date. Any subsequent changes to the fair value of contingent consideration are recognized in profit or loss. If the contingent consideration is classified as equity, it is not re-measured and subsequent settlement is accounted for within equity.
Goodwill	Goodwill The Company evaluates goodwill for impairment at least annually at the reporting unit level. A reporting unit is the operating segment, or one level below that operating segment (the component level) if discrete financial information is prepared and regularly reviewed by segment management. However, components are aggregated as a single reporting unit if they have similar economic characteristics. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the Company’s reporting units that are expected to benefit from the combination. The Company evaluates changes in its reporting structure to assess whether that change impacts the composition of one or more of its reporting units. If the composition of the Company’s reporting units’ changes, goodwill is reassigned between reporting units using the relative fair value allocation approach. The Company performs the annual impairment test of goodwill at October 1. In addition, the Company performs impairment tests during any reporting period in which events or changes in circumstances indicate that impairment may have occurred. To test goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If it is concluded that this is the case, the Company then performs a quantitative impairment test. Otherwise, the quantitative impairment test is not required. Under the quantitative impairment test, the Company would compare the estimated fair value of each reporting unit to its carrying value. In assessing the fair value of the reporting units, the Company considers the market approach, the income approach, or a combination of both. Under the market approach, the fair value of the reporting unit is based on quoted market prices of companies comparable to the reporting unit being valued. Under the income approach, the fair value of the reporting unit is based on the present value of estimated cash flows. The income approach is dependent on several significant management assumptions, including estimated future revenue growth rates, gross margin on sales, operating margins, capital expenditures, tax rates and discount rates. If the carrying amount of the reporting unit exceeds the calculated fair value, a loss on impairment is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Additionally, the Company considers the income tax effect from any tax-deductible goodwill on the carrying amount of the reporting unit, if applicable, when measuring the goodwill impairment charge.
Intangible Assets Other Than Goodwill	Intangible Assets Other Than Goodwill Intangible assets that are acquired by the Company and determined to have an indefinite useful life are not amortized, but are tested for impairment at least annually. The Company’s indefinite-lived intangible assets consist of trade names. The Company calculates fair value by comparing a relief-from-royalty method to the carrying amount of the indefinite-lived intangible asset. This method is used to estimate the cost savings that accrue to the owner of an intangible asset who would otherwise have to pay royalties or license fees on revenues earned through the use of the asset. A loss on impairment would be recorded to the extent the carrying value of the indefinite-lived intangible asset exceeds the fair value. Other intangible assets that have finite useful lives are measured at cost less accumulated amortization and impairment losses, if any. Subsequent expenditures for intangible assets are capitalized only when they increase the future economic benefits embodied in the specific asset to which they relate. Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets. The Company has customer relationship assets with lives ranging from 5 to 9 years. Amortization of intangible assets is included in other depreciation and amortization on the consolidated statements of comprehensive income (loss).
Impairment of Long-Lived and Amortizable Intangible Assets	Impairment of Long-Lived and Amortizable Intangible Assets Fixed assets including rental equipment and other property, plant and equipment and amortizable intangible assets are reviewed for impairment as events or changes in circumstances occur indicating that the carrying value of the asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset group to future undiscounted cash flows, without interest charges, expected to be generated by the asset group. If future undiscounted cash flows, without interest charges, exceed the carrying amount of an asset, no impairment is recognized. If management determines that the carrying value cannot be recovered based on estimated future undiscounted cash flows, without interest charges, over the shorter of the asset’s estimated useful life or the expected holding period, an impairment loss would be recorded based on the estimated fair value of the asset.
Assets Held for Sale	Assets Held for Sale Management considers an asset to be held for sale when management approves and commits to a formal plan to actively market the asset for sale and it is probable that the sale will be completed within twelve months. A sale may be considered probable when a signed sales contract and significant non-refundable deposit or contract break-up fee exist. Upon designation as held for sale, management records the carrying value of the asset at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and management stops recording depreciation expense. As of December 31, 2021, no assets were considered held for sale.
Deferred Financing Costs Revolver, net	Deferred Financing Costs Revolver, net Deferred financing costs revolver are associated with the issuance of the ABL revolver facility and the Algeco ABL facility (“Algeco ABL Facility”) discussed in Note 11. Such costs are amortized over the contractual term of the line-of-credit through initial maturity using the straight-line method. Amortization expense of deferred financing costs revolver is included in interest expense, net in the consolidated statement of comprehensive income (loss).
Term Loan Deferred Financing Costs	Term Loan Deferred Financing Costs Term loan deferred financing costs are associated with the issuance of the 2024 Senior Secured Notes discussed in Note 11. The Company presents unamortized deferred financing costs as a direct deduction from the principal amount of the 2024 Senior Secured Notes on the consolidated balance sheets. Such costs are deferred and amortized over the term of the debt based on the effective interest rate method.
Other Non-Current Assets	Other Non-Current Assets Other non-current assets primarily consist of capitalized software implementation costs for the implementation of cloud computing systems primarily during 2020 and 2019. The Company capitalizes expenditures related to the implementation of cloud computing software as incurred during the application development stage. Such capitalized costs are amortized to selling, general, and administrative expenses over the term of the cloud computing hosting arrangement, including reasonably certain renewals, beginning when the module or component of the hosting arrangement is ready for its intended use.
Original Issuance Discounts	Original Issuance Discounts Debt original discounts are associated with the issuance of the 2024 Senior Secured Notes discussed in Note 11 and are recorded as direct deductions to the principal amount of the 2024 Senior Secured Notes on the consolidated balance sheets. Debt discounts are deferred and amortized over the term of the debt based on the effective interest rate method.
Asset Retirement Obligations	Asset Retirement Obligations The Company recognizes asset retirement obligations (AROs) related to legal obligations associated with the operation of the Company’s specialty rental assets. The fair values of these AROs are recorded on a discounted basis, at the time the obligation is incurred and accreted over time for the change in present value over the expected timing of settlement. Changes in the expecting timing or amount of settlement are recognized in the period of change as an increase or decrease in the carrying amount of the ARO and related asset retirement costs with decreases in excess of the carrying value of the related asset retirement cost being recognized in the consolidated statement of comprehensive income (loss). The Company capitalizes asset retirement costs by increasing the carrying amount of the related long-lived assets and depreciating these costs over the remaining useful life. The carrying amount of AROs included in the consolidated balance sheets were $2.1 million and $2.3 million as of December 31, 2021 and 2020, respectively, which represents the present value of the estimated future cost of these AROs of approximately $2.7 million. Accretion expense of approximately ($0.2) million, ($0.4) million and $0.2 million was recognized in specialty rental costs in the accompanying consolidated statements of comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019, respectively.
Foreign Currency Transactions and Translation	Foreign Currency Transactions and Translation The Company’s reporting currency is the US Dollar (USD). Exchange rate adjustments resulting from foreign currency transactions are recognized in profit or loss, whereas effects resulting from the translation of financial statements are reflected as a component of accumulated other comprehensive loss, a component of equity. The assets and liabilities of subsidiaries whose functional currency is different from the USD are translated into USD at exchange rates at the reporting date and revenue and expenses are translated using average exchange rates for the respective period. Foreign exchange gains and losses arising from a receivable or payable to a consolidated Company entity, the settlement of which is neither planned nor anticipated in the foreseeable future, are considered to form part of a net investment in the Company entity and are included within accumulated other comprehensive loss.
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. Cost of rental includes leasing costs and other direct costs of maintaining the lodging units. Costs associated with contracts includes sales commissions which are expensed as incurred and reflected in selling, general and administrative expenses in the consolidated statements of comprehensive income (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. Revenues associated with community construction using the percentage of completion method are reflected as construction fee income in the consolidated statements of comprehensive income (loss). 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 income (loss).
Fair Value Measurements	Fair Value Measurements A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The inputs are prioritized into three levels that may be used to measure fair value: Level 1: Inputs that reflect quoted prices for identical assets or liabilities in active markets that are observable. Level 2: Inputs that reflect quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3: Inputs that are unobservable to the extent that observable inputs are not available for the asset or liability at the measurement date.
Income Taxes	Income Taxes The Company’s operations are subject to U.S. federal, state and local, and foreign income taxes. The Company accounts for income taxes under the liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company records net deferred tax assets to the extent that it is more likely than not that these assets will be realized. In making such determination, the Company considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent results of operations. Valuation allowances are recorded to reduce the deferred tax assets to an amount that will more likely than not be realized. When a valuation allowance is established or there is an increase in an allowance in a reporting period, tax expense is generally recorded in the Company’s consolidated statements of comprehensive income (loss). In accordance with applicable authoritative guidance, the Company accounts for uncertain income tax positions using a benefit recognition model with a two-step approach; a more-likely-than-not recognition criterion; and a measurement approach that measures the position as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. If it is not more-likely-than-not that the benefit of the tax position will be sustained on its technical merits, no benefit is recorded. Uncertain tax positions that relate only to timing of when an item is included on a tax return are considered to have met the recognition threshold. The Company classifies interest and penalties related to uncertain tax positions within income tax expense.
Warrant Liabilities	Warrant Liabilities W e evaluated under ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity , and concluded that they do not meet the criteria to be classified in stockholders’ equity. Specifically, the provisions in the Private Warrant agreement provide for potential changes to the settlement amounts dependent upon the characteristics of the warrant holder and because the holder of a warrant is not an input into the pricing of a fixed-for-fixed option on equity shares, such a provision would preclude the warrant from being classified in equity. Since the Private Warrants meet the definition of a derivative under ASC 815, we recorded these Private Warrants as liabilities on the balance sheet at fair value, with subsequent changes in their respective fair values recognized in the consolidated statements of comprehensive income (loss) at each reporting date. The fair value adjustments were determined by using a Black-Scholes option-pricing model based on inputs less observable in the marketplace as described in Note 15 . The Private Warrants are deemed equity instruments for income tax purposes, and accordingly, there is no tax accounting related to changes in the fair value of the Private Warrants recognized.
Stock-Based Compensation	Stock-Based Compensation The Company sponsors an equity incentive plan (the “Plan”) in which certain employees and non-employee directors participate. The Plan is administered by the compensation committee of the board of directors of the Company (the “Compensation Committee”). The Company measures the cost of services received in exchange for an award of equity instruments (typically restricted stock unit awards (“RSUs”) and stock options) based on the grant-date fair value of the awards issued under the Plan that are equity classified. Liability classified RSUs are valued based on the fair value of the stock at each reporting period until the date of settlement with changes in fair value recognized as increases or decreases in stock-based compensation expense in the accompanying consolidated statements of comprehensive income (loss) each reporting period over the period during which an employee or non-employee director is required to provide service in exchange for the awards, usually the vesting period. The fair value of the stock options is calculated using the Black-Scholes option-pricing model while the fair value of the RSUs is calculated based on the Company’s share price on the grant-date or the 10-day volume-weighted average price of the Common Stock prior to and including the grant date. The resulting compensation expense is recognized over the period during which an employee or non-employee director is required to provide service in exchange for the awards, usually the vesting period. Similarly, for time-based awards subject to graded vesting, compensation expense is recognized on a straight-line basis over the service period. Forfeitures are accounted for as they occur. The Plan also includes Stock Appreciation Rights awards (“SARs”) issued 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. Under the authoritative guidance for stock-based compensation, these SARs are considered liability-based awards that are included in other non-current liabilities in the consolidated balance sheets at fair value and are remeasured at fair value each reporting period until the date of settlement using the Black-Scholes option pricing model. Changes in the estimated fair value of the SARs along with the resulting cost is recognized as increases or decreases in stock-based compensation expense in the accompanying consolidated statements of comprehensive income (loss) each reporting period over the period during which an employee is required to provide service in exchange for the SARs, usually the vesting period. Forfeitures are accounted for as they occur. Refer to Note 21 for further details of activity related to the Plan.
Treasury Stock	Treasury Stock Treasury stock is reflected as a reduction of stockholders’ equity at cost. We use the weighted average purchase price to determine the cost of treasury stock that is reissued, if any.
Recently Issued Accounting Standards	Recently Issued Accounting Standards and Disclosure Guidance 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 have yet to occur. ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses Disclosure guidance adopted in 2021 Amendments to Management's Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information.

Organization and Nature of Op_3

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies
Activity in the allowance for doubtful accounts	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2021 ​ 2020 ​ 2019 Balances at Beginning of Year $ 2,977 ​ $ 989 ​ $ 39 Charges to bad debt expense ​ 1,877 ​ ​ 4,821 ​ ​ 1,183 Recoveries ​ (247) ​ ​ (820) ​ ​ (81) Write-offs ​ (4,564) ​ ​ (2,013) ​ ​ (152) Balances at End of Year $ 43 ​ $ 2,977 ​ $ 989
Summary of estimated useful lives	​ ​ ​ ​ Buildings 5-15 years Machinery and office equipment 3-5 years Furniture and fixtures 7 years Software 3 years

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue
Summary of disaggregation of revenue by reportable segments as well as the all other category	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 Hospitality & Facilities Services – South ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 108,183 ​ $ 98,888 ​ $ 193,852 Construction fee income ​ ​ - ​ ​ - ​ ​ 2,705 Total Hospitality & Facilities Services – South revenues ​ ​ 108,183 ​ ​ 98,888 ​ ​ 196,557 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Hospitality & Facilities Services – Midwest ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 4,150 ​ $ 6,605 ​ $ 20,621 Total Hospitality & Facilities Services – Midwest revenues ​ ​ 4,150 ​ ​ 6,605 ​ ​ 20,621 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Government ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 88,115 ​ $ 23,538 ​ $ 25,071 Total Government revenues ​ ​ 88,115 ​ ​ 23,538 ​ ​ 25,071 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TCPL Keystone ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 989 ​ $ 2,153 ​ $ - Construction fee income ​ ​ 11,294 ​ ​ 39,758 ​ ​ 15,744 Total TCPL Keystone revenues ​ ​ 12,283 ​ ​ 41,911 ​ ​ 15,744 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ All Other ​ ​ ​ ​ ​ ​ ​ ​ ​ Services income ​ $ 1,696 ​ $ 1,247 ​ $ 3,273 Construction fee income ​ ​ - ​ ​ - ​ ​ 4 Total All Other revenues ​ ​ 1,696 ​ ​ 1,247 ​ ​ 3,277 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 214,427 ​ $ 172,189 ​ $ 261,270
Summary of contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balances at Beginning of Year ​ $ 18,371 ​ $ 26,199 ​ $ 37,376 Additions to deferred revenue ​ ​ 127,391 ​ ​ 12,907 ​ ​ 8,652 Revenue recognized ​ ​ (111,351) ​ ​ (20,735) ​ ​ (19,829) Balances at End of Year ​ $ 34,411 ​ $ 18,371 ​ $ 26,199
Summary of revenue expected to be recognized from contracts where the price and quantity of the product or service are fixed	As of December 31, 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 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ 2022 2023 2024 2025 ​ 2026 ​ Total Revenue expected to be recognized as of December 31, 2021 ​ $ 62,928 ​ $ 22,467 ​ $ 18,796 ​ $ 18,699 ​ $ 13,987 ​ $ 136,877

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination
Schedule of reconciliation of cash flows and net proceeds to the Sellers	​ ​ ​ ​ ​ ​ Recapitalization Cash – Platinum Eagle’s Trust (net of redemptions) ​ $ 146,137 Cash – PIPE ​ ​ 80,000 Gross cash received by Target Hospitality from Business Combination ​ ​ 226,137 Less: fees to underwriters ​ ​ (7,385) Net cash received from Recapitalization ​ ​ 218,752 Plus: non-cash contribution – forgiveness of related party loan ​ ​ 104,285 Less: non-cash net liabilities assumed from PEAC ​ ​ (8,840) Less: warrant liabilities ​ ​ (8,800) Plus: fees to underwriters allocated to warrant liabilities ​ ​ 184 Net contributions from Recapitalization Transaction ​ $ 305,581 ​ ​ ​ ​ ​ ​ Contributions ​ ​ from Affiliate Transaction bonus amounts ​ $ 28,519 Payment of historical Algeco ABL Facility ​ ​ 9,904 Payment of affiliate amounts ​ ​ 684 Total contributions ​ $ 39,107 ​ ​ ​ ​ Cash paid to Algeco Seller ​ $ 563,134
Schedule of common stock issued immediately consummation of business combination	​ ​ ​ ​ Shares by Type Number of shares by type as of March 15, 2019 Platinum Eagle Class A Shares outstanding prior to the Business Combination ​ 32,500,000 Less: Redemption of Platinum Eagle Class A Shares ​ (18,178,394) Class A Shares of Platinum Eagle ​ 14,321,606 Founder Shares ​ 8,050,000 Former Platinum Eagle Director Shares ​ 75,000 Shares issued to PIPE investors ​ 8,000,000 Shares issued to PEAC and PIPE investors ​ 30,446,606 Shares issued to the Sellers ​ 74,786,327 Total Outstanding Shares of Common Stock issued and outstanding ​ 105,232,933 Less: Founders Shares in escrow ​ (5,015,898) Total Shares of Common Stock outstanding for earnings per share computation (See Note 19) ​ 100,217,035

Acquisitions (Tables)

Acquisitions (Tables) - Superior	12 Months Ended
	Dec. 31, 2021
Schedule of preliminary allocation of total purchase price	​ ​ ​ ​ ​ Property and equipment $ 18,342 Customer relationships ​ ​ 4,800 Goodwill ​ ​ 6,858 Total assets acquired ​ $ 30,000
Schedule of unaudited pro forma information	​ ​ ​ ​ ​ ​ ​ ​ Period Revenue Income before taxes 2019 pro forma from January 1, 2019 to December 31, 2019 ​ $ 325,845 ​ $ 15,188 ​ ​ ​ ​ ​ ​ ​

Specialty Rental Assets, Net (T

Specialty Rental Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Specialty Rental Assets, Net
Schedule of Specialty rental assets	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Specialty rental assets ​ $ 582,527 ​ $ 547,375 Construction-in-process ​ 3,557 ​ 5,828 Less: accumulated depreciation ​ (294,292) ​ (241,716) Specialty rental assets, net ​ $ 291,792 ​ $ 311,487

Other Property, Plant and Equ_2

Other Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Other Property, Plant and Equipment, Net
Schedule of other property, plant and equipment, net	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Land ​ $ 9,163 ​ $ 9,163 Buildings and leasehold improvements ​ 191 ​ 115 Machinery and office equipment ​ 1,300 ​ 1,072 Other ​ 5,347 ​ 3,752 ​ ​ 16,001 ​ 14,102 Less: accumulated depreciation ​ (4,749) ​ (3,083) Total other property, plant and equipment, net ​ $ 11,252 ​ $ 11,019

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, net (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Other Intangible Assets, net
Schedule of changes in carrying amount of goodwill	​ ​ ​ ​ ​ ​ HFS – South Balance at December 31, 2019 ​ $ 41,038 Changes in Goodwill ​ ​ - Balance at December 31, 2020 ​ ​ 41,038 Changes in Goodwill ​ ​ - Balance at December 31, 2021 ​ $ 41,038
Schedule of intangible assets other than goodwill	Intangible assets other than goodwill at the dates indicated below consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ average ​ Carrying ​ Accumulated ​ Net Book ​ remaining lives Amount Amortization Value Intangible assets subject to amortization ​ ​ ​ Customer relationships 5.6 ​ $ 128,907 ​ $ (56,822) ​ $ 72,085 Total ​ ​ ​ ​ 128,907 ​ ​ (56,822) ​ ​ 72,085 Indefinite lived assets: ​ ​ ​ Tradenames ​ 16,400 ​ — ​ 16,400 Total intangible assets other than goodwill ​ $ 145,307 ​ $ (56,822) ​ $ 88,485 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ 2022 $ 13,302 2023 ​ 12,881 2024 ​ 12,881 2025 ​ 12,881 2026 ​ 12,285 Thereafter ​ 7,855 Total $ 72,085

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Other Non-Current Assets
Schedule of other non-current assets	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Cloud computing implementation costs ​ $ 7,198 ​ $ 7,094 Less: accumulated amortization ​ (3,844) ​ (1,685) Other non-current assets ​ $ 3,354 ​ $ 5,409

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Accrued Liabilities
Schedule of accrued liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Employee accrued compensation expense ​ $ 12,473 ​ $ 6,177 Other accrued liabilities ​ 11,033 ​ 8,873 Accrued interest on debt ​ ​ 9,620 ​ ​ 9,649 Total accrued liabilities ​ $ 33,126 ​ $ 24,699

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt
Summary of carrying value of debt outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 2020 Capital lease and other financing obligations ​ $ 1,425 ​ $ 3,840 ABL facility ​ — ​ 48,000 9.50% Senior Secured Notes due 2024, face amount ​ ​ 340,000 ​ ​ 340,000 Less: unamortized original issue discount ​ ​ (1,681) ​ ​ (2,319) Less: unamortized term loan deferred financing costs ​ ​ (8,107) ​ ​ (11,182) Total debt, net ​ 331,637 ​ 378,339 Less: current maturities ​ (729) ​ (3,571) Total long-term debt ​ $ 330,908 ​ $ 374,768
Components of interest expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended December 31, ​ ​ 2021 ​ 2020 2019 Interest expense incurred on Notes Due to Affiliates (Note 13) ​ $ — ​ $ — ​ $ 1,955 Interest expense incurred on ABL facilities and Notes ​ ​ 33,670 ​ ​ 35,396 ​ ​ 28,608 Amortization of deferred financing costs on ABL facilities and Notes ​ ​ 4,338 ​ ​ 3,950 ​ ​ 3,204 Amortization of original issue discount on Notes ​ ​ 638 ​ ​ 557 ​ ​ 425 Interest incurred on capital lease and other financing obligations ​ ​ 58 ​ ​ 131 ​ ​ — Interest capitalized ​ ​ — ​ ​ — ​ ​ (791) Interest expense, net ​ $ 38,704 ​ $ 40,034 ​ $ 33,401
Schedule of future maturities	​ ​ ​ ​ ​ 2022 ​ $ 729 2023 ​ ​ 503 2024 ​ ​ 340,193 Total ​ $ 341,425
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 ​ $ 1,681 ​ $ 8,107
Schedule of debt redemption	​ ​ ​ ​ ​ ​ Redemption Year Price 2022 ​ 102.375% 2023 and thereafter ​ 100.000%

Warrant Liabilities (Tables)

Warrant Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Warrant Liabilities
Schedule of warrant liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Warrant liabilities ​ $ 1,600 ​ $ 533 Total ​ $ 1,600 ​ $ 533

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Taxes
Schedule of components of the provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 2019 Domestic ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ $ 1,365 ​ $ 296 ​ $ 1,615 Deferred ​ ​ 469 ​ ​ (8,751) ​ ​ 5,992 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ Current ​ ​ 70 ​ ​ — ​ ​ — Deferred ​ ​ — ​ ​ — ​ ​ — Total income tax expense (benefit) ​ $ 1,904 ​ $ (8,455) ​ $ 7,607
Schedule of Income tax results differed from the amount computed by applying the U.S. statutory income tax rate to income before income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 2019 Statutory income tax expense (benefit) ​ $ (561) ​ $ (7,053) ​ $ 4,112 State tax expense ​ ​ 1,120 ​ ​ (450) ​ ​ 1,816 Effect of tax rates in foreign jurisdictions ​ ​ 30 ​ ​ (17) ​ ​ (37) Change in fair value of warrant liabilities ​ ​ 224 ​ ​ (494) ​ ​ (1,209) Transaction costs ​ ​ — ​ ​ (899) ​ ​ 2,387 Stewardship expense ​ ​ — ​ ​ — ​ ​ 35 Valuation allowances ​ ​ 452 ​ ​ (279) ​ ​ 226 Compensation ​ ​ 500 ​ ​ 201 ​ ​ 92 Other ​ ​ 139 ​ ​ 536 ​ ​ 185 Reported income tax expense (benefit) ​ $ 1,904 ​ $ (8,455) ​ $ 7,607
Schedule of components of the Companies deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 Deferred tax assets ​ ​ ​ ​ ​ ​ Deferred compensation ​ $ — ​ $ 20 Deferred revenue ​ ​ 7,779 ​ ​ 4,169 Intangible assets ​ ​ 9,640 ​ ​ 9,668 Tax loss carryforwards ​ ​ 34,303 ​ ​ 33,279 Other - net ​ ​ 1,584 ​ ​ 1,525 Deferred tax assets gross ​ ​ 53,306 ​ ​ 48,661 Valuation allowance ​ ​ (4,176) ​ ​ (3,577) Net deferred income tax asset ​ ​ 49,130 ​ ​ 45,084 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities ​ ​ ​ ​ ​ ​ Rental equipment and other plant, property and equipment ​ ​ (33,709) ​ ​ (28,718) Software ​ ​ (711) ​ ​ (1,187) Deferred tax liability ​ ​ (34,420) ​ ​ (29,905) Net deferred income tax asset ​ $ 14,710 ​ $ 15,179
Schedule of valuation allowance	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation ​ ​ 2021 Expiration ​ Allowance ​ United States ​ $ 147,682 ​ $2,300 expire in 2038. Remaining do not expire. ​ — % Canada ​ ​ 4,809 ​ 2023-2042 ​ 100 % Mexico ​ ​ 498 ​ 2024-2032 ​ 100 % Total ​ $ 152,989 ​ ​ ​ ​ ​ ​ ​ ​ ​

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value of Financial Instruments
Summary of carrying amounts and fair values of financial assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 Financial Assets (Liabilities) Not Measured at Fair Value Carrying Amount ​ Fair Value Carrying Amount Fair Value ABL facility (See Note 11) - Level 2 ​ $ — ​ $ — ​ $ (48,000) $ (48,000) Senior Secured Notes (See Note 11) - Level 1 ​ $ (330,212) ​ $ (348,075) ​ $ (326,499) ​ $ (300,900)
Summary of inputs used to calculate the fair value of the warrant liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ December 31, ​ ​ ​ 2021 ​ ​ ​ 2020 Exercise Price ​ $ 11.50 ​ ​ $ 11.50 Stock Price ​ $ 3.56 ​ ​ $ 1.58 Dividend Yield ​ % 0.00 ​ ​ % 0.00 Expected Term (in Years) ​ ​ 2.20 ​ ​ ​ 3.20 Risk-Free Interest Rate ​ % 0.78 ​ ​ % 0.19 Expected Volatility ​ % 64.00 ​ ​ % 68.00 Per Share Value of Warrants ​ $ 0.30 ​ ​ $ 0.10
Schedule of changes in Level 3 liabilities measured at fair value	The following table presents changes in Level 3 liabilities measured at fair value for the year ended December 31, 2020: ​ ​ ​ ​ ​ ​ ​ Private Placement Warrants Balance at December 31, 2019 ​ $ 2,880 Change in fair value of warrant liabilities ​ ​ (2,347) Balance at December 31, 2020 ​ $ 533 ​ The following table presents changes in Level 3 liabilities measured at fair value for the year ended December 31, 2021: ​ ​ ​ ​ ​ ​ ​ Private Placement Warrants Balance at December 31, 2020 ​ $ 533 Change in fair value of warrant liabilities ​ ​ 1,067 Balance at December 31, 2021 ​ $ 1,600

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies.
Schedule of Future minimum lease payments	Future minimum lease payments over the next five years and thereafter at December 31, 2021, by year and in the aggregate, under non-cancelable operating leases are as follows: ​ ​ ​ ​ ​ 2022 ​ $ 5,003 2023 ​ ​ 4,514 2024 ​ ​ 4,118 2025 ​ ​ 3,593 2026 ​ ​ 2,874 Thereafter ​ ​ 376 Total ​ $ 20,478

Rental Income (Tables)

Rental Income (Tables)	12 Months Ended
	Dec. 31, 2021
Rental Income
Scheduled future minimum lease payments to be received by the Companies	​ ​ ​ ​ ​ 2022 ​ $ 50,422 2023 ​ ​ 37,768 2024 ​ ​ 34,392 2025 ​ ​ 34,300 2026 ​ ​ 25,657 Total ​ $ 182,539

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings (Loss) per Share
Schedule of reconciliation of net loss and weighted-average shares of common stock outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Years Ended ​ ​ December 31, ​ December 31, ​ December 31, ​ 2021 2020 2019 Numerator ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to Common Stockholders ​ $ (4,576) ​ $ (25,131) ​ $ 11,972 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic and diluted ​ ​ 96,611,022 ​ ​ 96,018,338 ​ ​ 94,501,789 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) per share - basic and diluted ​ $ (0.05) ​ $ (0.26) ​ $ 0.13 ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Stock-Based Compensation
Schedule of changes in restricted stock units	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Shares ​ Weighted Average Grant Date Fair Value per Share Balance at December 31, 2020 ​ ​ 1,124,762 ​ $ 4.21 Granted ​ ​ 1,531,787 ​ ​ 2.10 Vested ​ ​ (769,454) ​ ​ 2.96 Forfeited ​ ​ (24,505) ​ ​ 3.34 Balance at December 31, 2021 ​ ​ 1,862,590 ​ $ 3.00
Schedule of changes in stock options	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options ​ Weighted Average Exercise Price Per Share Weighted Average Contractual Life (Years) ​ Intrinsic Value Outstanding Options at December 31, 2020 ​ ​ 1,643,135 ​ $ 6.11 ​ 8.95 ​ $ - Granted ​ ​ - ​ ​ - ​ - ​ ​ - Forfeited ​ ​ - ​ ​ - ​ - ​ ​ - Vested and expired ​ ​ - ​ ​ - ​ - ​ ​ - Outstanding Options at December 31, 2021 ​ ​ 1,643,135 ​ $ 6.11 ​ 7.95 ​ $ -
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
Stock appreciation right awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Units ​ ​ Weighted-Average Exercise Price ​ Weighted-Average Remaining Contractual Term (Years) Outstanding SARs at December 31, 2020 ​ - ​ $ - ​ - Granted ​ 1,578,537 ​ ​ 1.82 ​ 9.17 Outstanding SARs at December 31, 2021 ​ 1,578,537 ​ $ 1.82 ​ 9.17

Business Segments (Tables)

Business Segments (Tables)	12 Months Ended
	Dec. 31, 2021
Business Segments
Schedule of Segment Reporting Information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HFS – South HFS – Midwest Government ​ TCPL Keystone All Other Total Revenue ​ $ 116,958 ​ $ 4,150 ​ $ 156,250 ​ $ 12,283 ​ $ 1,696 (a) $ 291,337 Adjusted gross profit ​ $ 52,344 ​ $ (711) ​ $ 94,801 ​ $ 9,161 ​ $ (636) ​ $ 154,959 Capital expenditures ​ $ 8,575 ​ $ 174 ​ $ 27,525 ​ $ - ​ $ 57 ​ ​ ​ Total Assets ​ $ 206,774 ​ $ 43,504 ​ $ 87,308 ​ $ 3,007 ​ $ 2,412 ​ $ 343,005 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HFS – South HFS – Midwest Government ​ TCPL Keystone All Other Total Revenue ​ $ 112,126 ​ $ 6,605 ​ $ 63,259 ​ $ 41,911 ​ $ 1,247 (a) $ 225,148 Adjusted gross profit ​ $ 51,518 ​ $ 161 ​ $ 47,523 ​ $ 8,617 ​ $ (699) ​ $ 107,120 Capital expenditures ​ $ 8,160 ​ $ 67 ​ $ 24 ​ $ 164 ​ $ 656 ​ ​ ​ Total Assets ​ $ 277,839 ​ $ 51,782 ​ $ 27,149 ​ $ 3,543 ​ $ 3,231 ​ $ 363,544 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HFS – South HFS – Midwest Government ​ TCPL Keystone All Other Total Revenue ​ $ 214,464 ​ $ 20,620 ​ $ 66,972 ​ $ 15,744 ​ $ 3,296 (a) $ 321,096 Adjusted gross profit ​ $ 128,424 ​ $ 8,511 ​ $ 49,203 ​ $ 3,060 ​ $ 1,236 ​ $ 190,434 Capital expenditures ​ $ 82,031 ​ $ 190 ​ $ 305 ​ $ 3,379 ​ $ - ​ ​ ​ ​ (a) Revenues from segments below the quantitative thresholds 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 December 31, 2020 December 31, 2019 Total reportable segment adjusted gross profit ​ $ 155,595 ​ $ 107,819 ​ $ 189,198 Other adjusted gross profit ​ ​ (636) ​ ​ (699) ​ ​ 1,236 Depreciation and amortization ​ ​ (70,519) ​ ​ (65,614) ​ ​ (58,902) Selling, general, and administrative expenses ​ ​ (46,461) ​ ​ (38,128) ​ ​ (76,648) Restructuring costs ​ ​ - ​ ​ - ​ ​ (168) Other income (expense), net ​ ​ (880) ​ ​ 723 ​ ​ (6,872) Currency (gains) losses, net ​ ​ - ​ ​ - ​ ​ 123 Loss on extinguishment of debt ​ ​ - ​ ​ - ​ ​ (907) Interest (expense), net ​ ​ (38,704) ​ ​ (40,034) ​ ​ (33,401) Change in fair value of warrant liabilities ​ ​ (1,067) ​ ​ 2,347 ​ ​ 5,920 Consolidated income (loss) before income taxes ​ $ (2,672) ​ $ (33,586) ​ $ 19,579 ​
Schedule of reconciliation of total segment assets to total combined assets	​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ 2020 Total reportable segment assets ​ $ 340,593 ​ $ 360,313 Other assets ​ ​ 3,489 ​ ​ 3,231 Other unallocated amounts ​ ​ 169,310 ​ ​ 170,693 Total Assets ​ $ 513,392 ​ $ 534,237
Schedule of unallocated assets consist of the following as reported in the combined balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ 2021 ​ 2020 Total current assets ​ $ 60,536 ​ $ 43,562 Other intangible assets, net ​ ​ 88,485 ​ ​ 103,121 Deferred tax asset ​ ​ 14,710 ​ ​ 15,179 Deferred financing costs revolver, net ​ ​ 2,159 ​ ​ 3,422 Other non-current assets ​ ​ 3,420 ​ ​ 5,409 Total other unallocated amounts of assets ​ $ 169,310 ​ $ 170,693

Organization and Nature of Op_4

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 15, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001
Net loss		$ (4,576)	$ (25,131)	$ 11,972
Additional expenses		0	0	400
Restructuring Charges		0	0	168
Selling, general and administrative expenses, Target Parent		$ 0	0	200
Algeco and Arrow
Purchase price	$ 1,311,000
Common Stock, Par or Stated Value Per Share	$ 0.0001
TDR Capital | Target Hospitality
Ownership interest in an affiliate		64.00%
TDR Capital | Target Parent.
Percentage owned		76.00%
Percentage of affiliate entities		24.00%
TDR Capital | Signor Parent
Percentage owned		100.00%
Signor | Bidco
Ownership percentage		100.00%
Target Parent.
Restructuring Charges		$ 0	$ 0	$ 200

Organization and Nature of Op_5

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Receivables and Allowances for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Receivables and Allowances for Doubtful Accounts
Balances at Beginning of Year	$ 2,977	$ 989	$ 39
Net charges to bad debt expense	1,877	4,821	1,183
Recoveries	(247)	(820)	(81)
Write-offs	(4,564)	(2,013)	(152)
Balances at End of Year	$ 43	$ 2,977	$ 989

Organization and Nature of Op_6

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Prepaid Expenses and Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Prepaid Expenses and Other Assets
Prepaid expenses	$ 5	$ 4.6
Other assets	3.4	2.6
Deposits	1.8	1.7
Hospitality inventory	$ 1.6	$ 0.9

Organization and Nature of Op_7

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Concentrations of Credit Risk (Details)	12 Months Ended
	Dec. 31, 2021USD ($)customer	Dec. 31, 2020customer	Dec. 31, 2019USD ($)customer
Concentration Risk [Line Items]
Capitalized interest | $			$ 791,000
Accounts receivable
Concentration Risk [Line Items]
Number of customers	0
Customer concentration risk | Revenues
Concentration Risk [Line Items]
Number of customers	2	2	2
Customer concentration risk | Customer One [Member] | Revenues
Concentration Risk [Line Items]
Concentration risk, percentage	34.70%	28.10%	20.80%
Customer concentration risk | Customer One [Member] | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage		12.00%
Customer concentration risk | Customer Two [Member] | Revenues
Concentration Risk [Line Items]
Concentration risk, percentage	18.90%	18.60%	12.50%
Customer concentration risk | Customer Two [Member] | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%	17.00%
Credit concentration risk | Customer One [Member] | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%
Supplier concentration risk | Cost of Goods and Service Benchmark
Concentration Risk [Line Items]
Number of customers		3	1
Number of suppliers | $	$ 1
Supplier concentration risk | Customer One [Member] | Cost of Goods and Service Benchmark
Concentration Risk [Line Items]
Concentration risk, percentage	15.30%	16.20%	12.30%
Supplier concentration risk | Customer Two [Member] | Cost of Goods and Service Benchmark
Concentration Risk [Line Items]
Concentration risk, percentage		10.30%
Supplier concentration risk | Customer Three[Member] | Cost of Goods and Service Benchmark
Concentration Risk [Line Items]
Concentration risk, percentage		10.20%

Organization and Nature of Op_8

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Specialty Rental Assets (Details)	12 Months Ended
	Dec. 31, 2021
Furniture and fixtures
Property Plant and Equipment Useful Life	7 years
Modular Units [Member]
Property Plant and Equipment Useful Life	15 years
Site Work [Member]
Property Plant and Equipment Useful Life	5 years

Organization and Nature of Op_9

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Other Property, Plant, and Equipment (Details)	12 Months Ended
	Dec. 31, 2021
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Software
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Minimum | Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum | Machinery and office equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum | Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives	15 years
Maximum | Machinery and office equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Organization and Nature of O_10

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Intangible Assets Other Than Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Asset Impairment Charges	$ 0
Minimum | Customer relationships
Useful life of intangible asset	5 years
Maximum | Customer relationships
Useful life of intangible asset	9 years

Organization and Nature of O_11

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Assets Held for Sale (Details) $ in Millions	Dec. 31, 2021USD ($)
Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies
Assets held for sale	$ 0

Organization and Nature of O_12

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Retirement Obligations
Asset retirement obligations	$ 2,079	$ 2,284
Estimated asset retirement obligations	2,700
Accretion of asset retirement obligation	$ 204	$ 389
Accretion expense			$ 215
Specialty rental costs
Asset Retirement Obligations
Accretion expense			$ 200

Organization and Nature of O_13

Organization and Nature of Operations, Basis of Presentation, and Summary of Significant Accounting Policies - Revenue Recognition (Details)	12 Months Ended
	Dec. 31, 2021
Maximum
Contract for accommodation services under take-or-pay contracts term	3 years

Revenue (Details)

Revenue (Details) - USD ($)	Jul. 27, 2021	Jul. 23, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue, Topic 606			$ 214,427,000	$ 172,189,000	$ 261,270,000
Deferred revenue			0
Services
Disaggregation of Revenue [Line Items]
Revenue, Topic 606			203,134,000	132,430,000	242,817,000
Specialty rental
Disaggregation of Revenue [Line Items]
Revenue Not from Contract with Customer			$ 76,909,000	$ 52,960,000	$ 59,826,000
Termination And Settlement Agreement [Member]
Disaggregation of Revenue [Line Items]
Gain (Loss) on Contract Termination	$ 5,000,000	$ 4,900,000

Revenue - Disaggregation Revenu

Revenue - Disaggregation Revenue (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Disaggregation of Revenue [Line Items]
Number of Reportable Segments | segment	4
Total Revenue	$ 214,427	$ 172,189	$ 261,270
Hospitality And Facilities Services South [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	108,183	98,888	196,557
Hospitality And Facilities Services Midwest [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	4,150	6,605	20,621
Government
Disaggregation of Revenue [Line Items]
Total Revenue	88,115	23,538	25,071
TCPL Keystone
Disaggregation of Revenue [Line Items]
Total Revenue	12,283	41,911	15,744
All Other
Disaggregation of Revenue [Line Items]
Total Revenue	1,696	1,247	3,277
Services
Disaggregation of Revenue [Line Items]
Total Revenue	203,134	132,430	242,817
Services | Hospitality And Facilities Services South [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	108,183	98,888	193,852
Services | Hospitality And Facilities Services Midwest [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	4,150	6,605	20,621
Services | Government
Disaggregation of Revenue [Line Items]
Total Revenue	88,115	23,538	25,071
Services | TCPL Keystone
Disaggregation of Revenue [Line Items]
Total Revenue	989	2,153
Services | All Other
Disaggregation of Revenue [Line Items]
Total Revenue	1,696	1,247	3,273
Construction fee
Disaggregation of Revenue [Line Items]
Total Revenue	11,294	39,758	18,453
Construction fee | Hospitality And Facilities Services South [Member]
Disaggregation of Revenue [Line Items]
Total Revenue			2,705
Construction fee | TCPL Keystone
Disaggregation of Revenue [Line Items]
Total Revenue	$ 11,294	$ 39,758	15,744
Construction fee | All Other
Disaggregation of Revenue [Line Items]
Total Revenue			$ 4

Revenue - Contract Liabilities

Revenue - Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in Contract with Customer, Liability [Abstract]
Balances at Beginning of Year	$ 18,371	$ 26,199	$ 37,376
Additions to deferred revenue	127,391	12,907	8,652
Revenue recognized	(111,351)	(20,735)	(19,829)
Balances at End of Year	$ 34,411	$ 18,371	$ 26,199

Revenue - Revenue Expected to b

Revenue - Revenue Expected to be Recognized (Details) $ in Thousands	Dec. 31, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 136,877
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	$ 62,928
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	$ 22,467
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	$ 18,796
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

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Thousands	Mar. 15, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business acquisition
Net cash received from Recapitalization				$ 218,752
Plus: non-cash contribution - forgiveness of related party loan				104,285
Less: non-cash net liabilities assumed from PEAC				(8,840)
Payment of Historical ABL facility		$ 76,000	$ 74,500	48,790
Total contributions				39,107
Arrow holdings S.a.r.l.
Business acquisition
Transaction bonus amounts				28,519
Payment of Historical ABL facility				9,904
Payment of affiliate amounts				684
Total contributions				39,107
Cash paid to Algeco Seller				563,134
Target Parent and Arrow Parent
Business acquisition
Aggregate purchase price	$ 1,311,000
Acquisition price paid in form of cash	563,100
Paid to the seller	$ 747,900
Cash - Platinum Eagle's Trust (net of redemptions)				146,137
Cash - PIPE				80,000
Gross cash received by Target Hospitality from Business Combination				226,137
Less: fees to underwriters				(7,385)
Net cash received from Recapitalization				218,752
Plus: non-cash contribution - forgiveness of related party loan				104,285
Less: non-cash net liabilities assumed from PEAC				(8,840)
Less: warrant liabilities				(8,800)
Plus: fees to underwriters allocated to warrant liabilities				184
Net contributions from Recapitalization Transaction				$ 305,581
Arrow Seller
Business acquisition
Shares issued	49,100,000
Algeco Seller
Business acquisition
Shares issued	25,686,327

Business Combinations - Bidco's

Business Combinations - Bidco's offering of Senior Secured Notes (Details) - USD ($) $ in Thousands	Mar. 15, 2019	Sep. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business acquisition
Principal amount			$ 340,000	$ 340,000
Proceeds from borrowings on ABL			28,000	42,500	$ 108,240
ABL Facility
Business acquisition
Proceeds from borrowings on ABL	$ 40,000	$ 40,000			40,000
Senior Secured Notes 2024
Business acquisition
Principal amount			$ 340,000	$ 340,000	340,000
Payment of original issuance cost					$ 3,300

Business Combinations - Platinu

Business Combinations - Platinum Eagle (Details)	Mar. 15, 2019shares	Mar. 14, 2019$ / sharesshares	Dec. 31, 2021$ / sharesshares	Dec. 31, 2020$ / sharesshares
Business Acquisition [Line Items]
Common stock, Number of share outstanding			101,952,683	101,170,915
Common stock, par value | $ / shares			$ 0.0001	$ 0.0001
Common Stock [Member]
Business Acquisition [Line Items]
Common stock, Number of share outstanding	14,321,606	32,500,000
Common stock, par value | $ / shares		$ 0.0001
Common stock redeemed (in shares)	18,178,394
Share conversion ratio	1
Common Stock [Member] | Target Parent and Arrow Parent
Business Acquisition [Line Items]
Common stock redeemed (in shares)		18,178,394
Common Class B
Business Acquisition [Line Items]
Common stock, Number of share outstanding		8,125,000
Common stock, par value | $ / shares		$ 0.0001

Business Combinations - Shares

Business Combinations - Shares by Type (Details) - shares	Mar. 15, 2019	Mar. 14, 2019	Dec. 31, 2021	Dec. 31, 2020
Business acquisition
Total Outstanding Shares of Common Stock Outstanding			101,952,683	101,170,915
Total Outstanding Shares of Common Stock issued	105,232,933		106,367,450	105,585,682
Less: Founders shares in escrow	(5,015,898)		(5,015,898)
Total Shares of Common Stock outstanding for earnings per share computation (See Note 19)	100,217,035
PIPE investors
Business acquisition
Total Outstanding Shares of Common Stock issued	8,000,000
Platinum Eagle And PIPE Investor
Business acquisition
Total Outstanding Shares of Common Stock issued	30,446,606
Algeco Sellers | Target Parent and Arrow Parent
Business acquisition
Shares issued to the Sellers	74,786,327
Founder Shares
Business acquisition
Total Outstanding Shares of Common Stock issued	8,050,000
Former Director Shares
Business acquisition
Total Outstanding Shares of Common Stock issued	75,000
Common Stock [Member]
Business acquisition
Total Outstanding Shares of Common Stock Outstanding	14,321,606	32,500,000
Less: Redemption of Platinum Eagle Class A Shares	(18,178,394)
Common Stock [Member] | Target Parent and Arrow Parent
Business acquisition
Less: Redemption of Platinum Eagle Class A Shares		(18,178,394)

Business Combinations - Other i

Business Combinations - Other information (Details) - Selling, general, and administrative expenses - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2019
Business Acquisition [Line Items]
Payment of Transaction Bonus	$ 28.5
Transaction fees		$ 8
Loans to officers forgiven amount	$ 1.6	$ 1.6

Business Combination - Earnout

Business Combination - Earnout Agreement (Details) - $ / shares	Mar. 15, 2019	Dec. 31, 2021	Jan. 17, 2018
Common shares placed into escrow	5,015,898	5,015,898
Share price			$ 1.50
Scenario if share price exceeds $12.50
Period after business combination to release shares from escrow account	3 years
Share price	$ 12.50
Number of trading days to monitor share price to release shares from escrow account	20 days
Number of consecutive trading days to monitor share price to release shares from escrow account	30 days
Percentage of founder shares to be released from escrow account	50.00%
Scenario if share price exceeds $15.00
Period after business combination to release shares from escrow account	3 years
Share price	$ 15
Number of trading days to monitor share price to release shares from escrow account	20 days
Number of consecutive trading days to monitor share price to release shares from escrow account	30 days
Percentage of founder shares to be released from escrow account	50.00%

Acquisitions (Details)

Acquisitions (Details) - Superior $ in Millions	Jun. 19, 2019USD ($)item
Business acquisition
Number of workforce communities	3
Purchase price | $	$ 30
Number of location being serviced prior to acquisition	2

Acquisitions - Preliminary allo

Acquisitions - Preliminary allocation of total purchase price (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jun. 19, 2019
Allocation of total purchase price to net assets acquired and liabilities assumed
Goodwill	$ 41,038	$ 41,038	$ 41,038
Superior
Allocation of total purchase price to net assets acquired and liabilities assumed
Property and equipment				$ 18,342
Customer relationships				4,800
Goodwill				6,858
Total assets acquired				$ 30,000

Acquisitions - Other informatio

Acquisitions - Other information (Details)	Jun. 19, 2019
Superior
Business acquisition
Estimated useful lives	9 years

Acquisitions - Pro forma inform

Acquisitions - Pro forma information and acquisition cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jun. 19, 2019
Pro forma information
Revenue	$ 291,337	$ 225,148	$ 321,096
Income (loss) before income taxes	$ (2,672)	$ (33,586)	19,579
Superior
Pro forma information
Revenue, if acquired beginning of the year			325,845
Income before taxes, if acquired beginning of the year			15,188
Revenue			7,800
Income (loss) before income taxes			4,000
Acquisition related cost			$ 400
Goodwill expected to be deductible for tax purposes				$ 6,900

Acquisitions - Pro Petro (Detai

Acquisitions - Pro Petro (Details) - Pro Petro $ in Millions	Jul. 01, 2019USD ($)room
Business acquisition
Property, plant, and equipment	$ 5
Number of Rooms | room	168
Purchase price	$ 5

Specialty Rental Assets, Net (D

Specialty Rental Assets, Net (Details) - USD ($)	Oct. 01, 2021	Dec. 31, 2020	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation		$ (241,716,000)	$ (294,292,000)
Specialty rental assets, net		311,487,000	291,792,000
Accumulated depreciation		9,000,000
Gross cost		10,000,000
Net book value		800,000
Gain (Loss) on Disposition of Property Plant Equipment		100,000
Civeo USA, LLC [Member]
Property, Plant and Equipment [Line Items]
Asset acquisition, consideration transferred	$ 6,200,000
Capital lease
Property, Plant and Equipment [Line Items]
Specialty rental assets, gross		1,100,000	0
Less: accumulated depreciation		(600,000)	0
Specialty rental assets
Property, Plant and Equipment [Line Items]
Specialty rental assets, gross		547,375,000	582,527,000
Construction-in-process
Property, Plant and Equipment [Line Items]
Specialty rental assets, gross		$ 5,828,000	$ 3,557,000

Other Property, Plant and Equ_3

Other Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other property, plant and equipment
Other property, plant and equipment, gross		$ 16,001	$ 14,102
Less: accumulated depreciation		(4,749)	(3,083)
Property, Plant and Equipment, Other, Net, Total		11,252	11,019
Net sale proceeds of land parcels and other related assets	$ 1,400
Depreciation on Other PPE		16,910	15,649	$ 15,481
Loss on disposal of property, plant and equipment	(6,900)
Land
Other property, plant and equipment
Other property, plant and equipment, gross		9,163	9,163
Buildings and leasehold improvements
Other property, plant and equipment
Other property, plant and equipment, gross		191	115
Machinery and office equipment
Other property, plant and equipment
Other property, plant and equipment, gross		1,300	1,072
Software and other
Other property, plant and equipment
Other property, plant and equipment, gross		5,347	3,752
Property, Plant and Equipment Other Types
Other property, plant and equipment
Depreciation on Other PPE		2,300	900	$ 1,200
Capital lease properties
Other property, plant and equipment
Other property, plant and equipment, gross		3,100	700
Less: accumulated depreciation		$ (1,600)	$ (400)
Hospitality And Facilities Services South [Member]
Other property, plant and equipment
Property, Plant and Equipment, Other, Net, Total	$ 8,100

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, net - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill
Goodwill, Beginning Balance	$ 41,038	$ 41,038
Goodwill, Ending Balance	$ 41,038	$ 41,038	$ 41,038
Superior
Goodwill
Goodwill, Beginning Balance			$ 6,858

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, net - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible assets subject to amortization
Gross Carrying Amount	$ 128,907	$ 128,907
Accumulated Amortization	(56,822)	(42,186)
Net Book Value	72,085	86,721
Total intangible assets other than goodwill
Gross Carrying Amount	145,307	145,307
Net Book Value	88,485	103,121
Aggregate amortization expense of intangible assets	14,636	14,744	$ 14,317
Tradenames
Indefinite lived assets:
Net Book Value	$ 16,400	$ 16,400
Customer relationships
Intangible assets subject to amortization
Weighted average remaining lives	5 years 7 months 6 days	6 years 4 months 24 days
Gross Carrying Amount	$ 128,907	$ 128,907
Accumulated Amortization	(56,822)	(42,186)
Net Book Value	72,085	$ 86,721
Customer-Related Intangible Assets
Intangible assets subject to amortization
Gross Carrying Amount	3,800
Net Book Value	$ 0

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, net - Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Estimated aggregate amortization expense:
2022	$ 13,302
2023	12,881
2024	12,881
2025	12,881
2026	12,285
Thereafter	7,855
Total	$ 72,085	$ 86,721

Other Non-Current Assets (Narra

Other Non-Current Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Amortization of Intangible Assets	$ 14,636	$ 14,744	$ 14,317
Capitalized software
Amortization of Intangible Assets	$ 2,200	$ 1,700	$ 0
Capitalized software | Maximum
Finite-Lived Intangible Asset, Useful Life	4 years
Capitalized software | 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	Dec. 31, 2021	Dec. 31, 2020
Other Non-Current Assets
Cloud computing implementation costs	$ 7,198	$ 7,094
Less: accumulated amortization	(3,844)	(1,685)
Other non-current assets	$ 3,354	$ 5,409

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accrued Liabilities
Employee accrued compensation expense	$ 12,473	$ 6,177
Other accrued liabilities	11,033	8,873
Accrued interest on debt	9,620	9,649
Total accrued liabilities	$ 33,126	$ 24,699

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Mar. 15, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt
Unamortized Original Issue Discount		$ 1,681	$ 2,319
Unamortized Deferred Financing Costs		8,107	11,182
Amortization		$ 638	557	$ 425
Minimum
Debt
Period for prior written notice to trustee for redemption		20 days
ABL Facility
Debt
Unamortized Deferred Financing Costs		$ 3,900	3,900
Amortization		638	$ 557	$ 425
Senior Secured Notes 2024
Debt
Aggregate principal amount	$ 340,000	$ 340,000
Interest rate (as a percent)	9.50%	9.50%	9.50%
Unamortized Original Issue Discount	$ 3,300	$ 1,681
Unamortized Deferred Financing Costs	$ 16,300	$ 8,107
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
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) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)installment	Dec. 31, 2020USD ($)	Nov. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
Capital leases	$ 1,400	$ 900
Other financing arrangement			$ 3,300
Interest rate (as a percent)			3.84%
Number of monthly installments | installment	9
Debt instrument, periodic payment	$ 400
Commercial-use vehicles
Lessee, Lease, Description [Line Items]
Capital lease term	36 months
Weighted average interest rate of capital lease	3.83%
Other financing obligations		$ 2,900

Debt - ABL Facility (Details)

Debt - ABL Facility (Details) - USD ($) $ in Thousands	Mar. 15, 2019	Sep. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
ABL Facility
Proceeds from line of credit			$ 28,000	$ 42,500	$ 108,240
Outstanding amount				$ 48,000
ABL Facility
ABL Facility
Borrowing capacity	$ 125,000
Proceeds from line of credit	$ 40,000	$ 40,000			$ 40,000
Repayment of line of credit			48,000
Outstanding amount			$ 0
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%
ABL Facility | Libor
ABL Facility
Variable rate (as a percent)	2.50%
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	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Carrying value of debt outstanding
Capital lease and other financing obligations		$ 1,400	$ 900
Long-term debt, net		341,425
Principal amount		340,000	340,000
Less: unamortized original issue discount		(1,681)	(2,319)
Less: unamortized term loan deferred financing costs		(8,107)	(11,182)
Total debt, net		331,637	378,339
Less: current maturities		(729)	(3,571)
Total long-term debt		330,908	374,768
ABL Facility
Carrying value of debt outstanding
Long-term debt, net			48,000
Less: unamortized term loan deferred financing costs		(3,900)	(3,900)
Capital lease and other financing obligations
Carrying value of debt outstanding
Capital lease and other financing obligations		1,425	3,840
Senior Secured Notes 2024
Carrying value of debt outstanding
Principal amount		340,000	$ 340,000	$ 340,000
Less: unamortized original issue discount	$ (3,300)	(1,681)
Less: unamortized term loan deferred financing costs	$ (16,300)	$ (8,107)
Interest rate (as a percent)	9.50%	9.50%	9.50%

Debt - Components of interest e

Debt - Components of interest expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Interest expense incurred on Notes Due to Affiliates			$ 1,955
Amortization of deferred financing costs	$ 4,338	$ 3,950	3,204
Amortization of original issue discount	638	557	425
Interest incurred on capital lease and other financing obligations	58	131
Interest capitalized			(791)
Interest expense, net	38,704	40,034	33,401
Abl Facilities And Notes [Member]
Debt Instrument [Line Items]
Interest expense incurred on ABL facilities and Notes	33,670	35,396	28,608
Amortization of deferred financing costs	$ 4,338	$ 3,950	$ 3,204

Debt - Interest Expense and Def

Debt - Interest Expense and Deferred Financing Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Mar. 15, 2019
Debt
Debt issuance costs	$ 8,107	$ 11,182
Amortization of deferred financing costs	4,338	3,950	$ 3,204
Loss on extinguishment of debt	0	0	$ (907)
Algeco ABL facility
Debt
Loss on extinguishment of debt		900
Senior Secured Notes 2024
Debt
Debt issuance costs	8,107			$ 16,300
Unamortized debt discount				$ 3,300
Accumulated amortization of deferred financing costs	7,800	4,700
Accumulated amortization of debt issuance costs	1,600	1,000
ABL Facility
Debt
Debt issuance costs	3,900	3,900
ABL Facility | Algeco ABL facility
Debt
Debt issuance costs	1,800
Accumulated amortization related to revolver deferred financing costs	$ 3,700	$ 2,400

Debt - Future Maturities (Detai

Debt - Future Maturities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Future maturities of long term debt
2022	$ 729
2023	503
2024	340,193
Long-term debt, net	$ 341,425

Warrant Liabilities - Narrative

Warrant Liabilities - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 18, 2018	Jan. 17, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Warrants to issue shares of common stock		5,333,334	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			$ 1,067	$ (2,347)	$ (5,920)
Private Placement Warrants [Member]
Warrants to issue shares of common stock			5,333,334	5,333,334
Fair Value Adjustment of Warrants			$ 1,100	$ (2,400)	$ (5,900)

Warrant Liabilities - Estimated

Warrant Liabilities - Estimated fair value Private Warrants (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Warranty Liability Non Current	$ 1,600	$ 533
Private Placement Warrants [Member]
Warranty Liability Non Current	$ 1,600	$ 533

Notes Due to Affiliates (Detail

Notes Due to Affiliates (Details) - USD ($) $ in Thousands	Mar. 14, 2019	Dec. 31, 2019	Dec. 31, 2020
Notes due to affiliates
Total contributions		$ 39,107
Payment of affiliate amounts		3,762
Note due to affiliates		0	$ 0
Arrow holdings S.a.r.l.
Notes due to affiliates
Total contributions		$ 39,107
Signor
Notes due to affiliates
Payment of affiliate amounts	$ 9,000
Payment of accrued interest	5,300
Payment of principal amount	3,700
Note due to affiliates	$ 104,300

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 1,904	$ (8,455)	$ 7,607
Effective tax rate	(71.30%)	25.20%	38.90%
Unrecognized tax benefits	$ 0	$ 0
Interest or penalty related to uncertain taxes, recognized	$ 0	$ 0
Minimum
Income Tax Contingency [Line Items]
Term of income tax examination	2 years
Maximum
Income Tax Contingency [Line Items]
Term of income tax examination	5 years

Income Taxes - Components of th

Income Taxes - Components of the provision for income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Domestic
Current	$ 1,365	$ 296	$ 1,615
Deferred	469	(8,751)	5,992
Foreign
Current	70
Total income tax expense (benefit)	$ 1,904	$ (8,455)	$ 7,607

Income Taxes - Income tax resul

Income Taxes - Income tax results differed from the amount computed by applying the U.S. statutory income tax rate to income before income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income tax results differed from the amount computed by applying the U.S. statutory income tax rate to income before income taxes
Statutory income tax expense	$ (561)	$ (7,053)	$ 4,112
State tax expense	1,120	(450)	1,816
Effect of tax rates in foreign jurisdictions	30	(17)	(37)
Change in fair value of warrant liabilities	224	(494)	(1,209)
Transaction costs		(899)	2,387
Stewardship expense			35
Valuation allowances	452	(279)	226
Compensation	500	201	92
Other	139	536	185
Total income tax expense (benefit)	$ 1,904	$ (8,455)	$ 7,607

Income Taxes - Components of _2

Income Taxes - Components of the Companies deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Deferred compensation		$ 20
Deferred revenue	$ 7,779	4,169
Intangible assets	9,640	9,668
Tax loss carryforwards	34,303	33,279
Other - net	1,584	1,525
Deferred tax assets gross	53,306	48,661
Valuation allowance	(4,176)	(3,577)
Net deferred income tax asset	49,130	45,084
Deferred tax liabilities
Rental equipment and other plant, property and equipment	(33,709)	(28,718)
Software	(711)	(1,187)
Deferred tax liability	(34,420)	(29,905)
Net deferred income tax asset	$ 14,710	$ 15,179

Income Taxes - Valuation allowa

Income Taxes - Valuation allowance has been established against the deferred tax assets (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Deferred Tax Assets, Operating Loss Carryforwards, Alternative [Abstract]
Tax loss carryovers	$ 152,989
Tax loss carryovers subject to expiry	7,600
Tax loss carryovers not subject to expiry	145,400
United States
Deferred Tax Assets, Operating Loss Carryforwards, Alternative [Abstract]
Tax loss carryovers	147,682
Tax loss carryovers subject to expiry	2,300
Canada
Deferred Tax Assets, Operating Loss Carryforwards, Alternative [Abstract]
Tax loss carryovers	$ 4,809
Percentage of valuation allowance	100.00%
Mexico
Deferred Tax Assets, Operating Loss Carryforwards, Alternative [Abstract]
Tax loss carryovers	$ 498
Percentage of valuation allowance	100.00%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details)	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesY	Dec. 31, 2020USD ($)Y$ / shares
Carrying amounts and fair values of financial assets and liabilities
Transfers of financials assets form level 1 to level 2	$ 0	$ 0
Transfers of financials assets form level 2 to level 1	0	0
Transfers of financials assets in and out of level 3	0	0
Transfers of financials liabilities form level 1 to level 2	0	0
Transfers of financials liabilities form level 2 to level 1	0	0
Transfers of financials liabilities in and out of level 3	$ 0	$ 0
Level 3 | Private Placement Warrants [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrant Liabilities Fair Value Per Share | $ / shares	$ 0.30	$ 0.10
Warrants and Rights Outstanding, Measurement Input	5,333,334	5,333,334
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance	$ 533,000	$ 2,880,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	1,067,000	(2,347,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	$ 1,600,000	$ 533,000
Level 3 | Private Placement Warrants [Member] | 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
Level 3 | Private Placement Warrants [Member] | Measurement Input, Share Price [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input | $ / shares	3.56	1.58
Level 3 | Private Placement Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input	0	0
Level 3 | Private Placement Warrants [Member] | Measurement Input, Expected Term [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input | Y	2.20	3.20
Level 3 | Private Placement Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input	0.78	0.19
Level 3 | Private Placement Warrants [Member] | Measurement Input, Price Volatility [Member]
Carrying amounts and fair values of financial assets and liabilities
Warrants and Rights Outstanding, Measurement Input	64	68
Carrying amount | ABL Facility | Level 2
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,		$ (48,000,000)
Fair value | ABL Facility | Level 2
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,		(48,000,000)
Senior Secured Notes 2024 | Carrying amount | Level 1
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,	$ (330,212,000)	(326,499,000)
Senior Secured Notes 2024 | Fair value | Level 1
Carrying amounts and fair values of financial assets and liabilities
Debt Instrument, Fair Value Disclosure,	$ (348,075,000)	$ (300,900,000)

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Future minimum lease payments
2022	$ 5,003
2023	4,514
2024	4,118
2025	3,593
2026	2,874
Thereafter	376
Total	20,478
Specialty rental costs
Commitments
Rent expense	13,900	$ 5,600	$ 12,500
Selling, general, and administrative expenses
Commitments
Rent expense	$ 400	$ 500	$ 600

Rental Income (Details)

Rental Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Rental Income
Operating Lease, Lease Income	$ 76,900	$ 53,000	$ 59,800
Net book value of lease	$ 182,539

Rental Income (Details)_2

Rental Income (Details) $ in Thousands	Dec. 31, 2021USD ($)
Scheduled future minimum lease payments to be received
2022	$ 50,422
2023	37,768
2024	34,392
2025	34,300
2026	25,657
Total	$ 182,539

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related parties
Amounts due from affiliates		$ 0	$ 1,200
Accrued		0	300
Related party receivable			1,205
Selling, general, and administrative expenses
Related parties
Loans to officers forgiven amount		1,600		$ 1,600
Commission		600	800	800
Rent expense		400	500	600
Executive Officer
Related parties
Due from related parties		0	0
Executive Officer | Selling, general, and administrative expenses
Related parties
Compensation expense recognized		0	0	1,600
Arrow holdings S.a.r.l. | Target Parent
Related parties
Rent expense		0	0	$ 300
Algeco Global
Related parties
Compensation percentage	100.00%
Reimbursement of employee compensation		$ 0	$ 1,100

Earnings (Loss) per Share (Deta

Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator
Net loss	$ (4,576)	$ (25,131)	$ 11,972
Denominator
Weighted average shares outstanding - basic	96,611,022	96,018,338	94,501,789
Weighted average shares outstanding - diluted	96,611,022	96,018,338	94,501,789
Net income (loss) per share - basic	$ (0.05)	$ (0.26)	$ 0.13
Net income (loss) per share - diluted	$ (0.05)	$ (0.26)	$ 0.13
Founder Shares
Denominator
Shares issued to the Sellers	8,050,000
Founder Shares
Denominator
Excluded from computation of loss per share	5,015,898
Warrant
Denominator
Excluded from computation of loss per share	16,166,650	16,166,650	16,166,650

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 17, 2018	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Aug. 15, 2019	Mar. 15, 2019	Mar. 14, 2019
Common Stock
Common stock shares issued			106,367,450	105,585,682		105,232,933
Common stock, Number of share outstanding			101,952,683	101,170,915
Common stock, par value (in dollars per share)			$ 0.0001	$ 0.0001
Common shares placed into escrow			5,015,898			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
Number of stock issued for each warrant	1
Share price	$ 11.50
Warrant exercisable term	30 days
Warrants to issue shares of common stock	5,333,334		10,833,316
Treasury Stock, Shares [Abstract]
Repurchase of common stock as part of a share repurchase program		$ 23,559
Share Repurchase Program 2019 Plan
Treasury Stock, Shares [Abstract]
Stock repurchase authorized amount					$ 75,000
Repurchase of common stock as part of a share repurchase program (In Shares)		4,414,767
Repurchase of common stock as part of a share repurchase program		$ 23,600
Remaining authorized repurchase amount				$ 51,400
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
Number of stock issued for each warrant	1
Share price	$ 11.50
Warrant exercisable term	30 days
Over allotment
Warrants
Number of units sold	2,500,000
Common Stock [Member]
Common Stock
Common stock, Number of share outstanding						14,321,606	32,500,000
Common stock, par value (in dollars per share)							$ 0.0001
Warrants
Common stock, par value (in dollars per share)							$ 0.0001
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)

Sep. 20, 2021shares

Aug. 05, 2021shares

Aug. 04, 2021shares

May 18, 2021shares

Feb. 25, 2021shares

Apr. 01, 2020USD ($)shares

Mar. 04, 2020installmentitemshares

Jan. 09, 2020

Jan. 02, 2020installmentshares

Sep. 03, 2019installmentshares

May 21, 2019installmentitemshares

Aug. 31, 2021shares

Dec. 31, 2021USD ($)item$ / sharesshares

Dec. 31, 2020installment$ / sharesshares

Dec. 31, 2019$ / sharesshares

Mar. 15, 2019shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares reserved for issuance

4,000,000

Reduction in salary

20.00%

Common stock, par value (in dollars per share) | $ / shares

$ 0.0001

$ 0.0001

Reduction in cash | $

$ 20

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%

Executive Officers and Other Employees

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares)

66,070

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

1

1

Granted (in shares)

201,988

Number of non employee directors | item

2

Number of accelerated vesting granted

115,386

Options

Outstanding Options at beginning of period (in shares)

1,124,762

Granted (in shares)

1,531,787

1,374,085

454,882

Vested and released (in shares)

(769,454)

Forfeited (in shares)

(24,505)

Outstanding Options at end of period (in shares)

1,862,590

1,124,762

Weighted Average Grant Date Fair Value per Share

Outstanding Options at beginning of period (in shares) | $ / shares

$ 4.21

Granted (in dollars per share) | $ / shares

2.10

$ 3.07

$ 9.49

Vested and expired (in dollars per share) | $ / shares

2.96

Forfeited (in dollars per share) | $ / shares

3.34

Outstanding Options at end of period (in dollars per share) | $ / shares

$ 3

$ 4.21

Time-based restricted stock unit | Chief Financial Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of anniversaries the awards vest | installment

4

Time-based restricted stock unit | Chief Financial Officer | Grant One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares)

81,434

Time-based restricted stock unit | Chief Financial Officer | Grant Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares)

48,860

Time-based restricted stock unit | CEO

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of equal installments

0.0833

12

6

Granted (in shares)

124,741

Options

Granted (in shares)

30,000

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

30,899

Time-based stock option awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Right to buy number of shares upon vesting

1

Number of anniversaries the awards vest | item

4

Granted (in shares)

0

1,140,875

654,221

options forfeited

0

Stock Appreciation Rights (SARs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $

$ 3,000,000

Deferred Compensation Share-based Arrangements, Liability, Current | $

$ 1,200,000

Estimated Fair Value Per Share | $ / shares

$ 2.69

Options

Granted (in shares)

26,906

1,578,537

1,578,537

Forfeited (in shares)

0

Outstanding Options at end of period (in shares)

1,578,537

Weighted Average Grant Date Fair Value per Share

Granted (in dollars per share) | $ / shares

$ 1.82

Outstanding Options at end of period (in dollars per share) | $ / shares

$ 0.78

Liability Based Restricted Stock Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Liability recognized | $

$ 800,000

Options

Granted (in shares)

537,047

Weighted Average Grant Date Fair Value per Share

Granted (in dollars per share) | $ / shares

$ 3.56

Liability Based Restricted Stock Units [Member] | Accrued Liabilities [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Liability recognized | $

$ 500,000

Liability Based Restricted Stock Units [Member] | Other Noncurrent Liabilities [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Liability recognized | $

$ 300,000

Director | Time-based restricted stock unit

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of equal installments | installment

4

Number of anniversaries the awards vest | item

4

Vesting period (in years)

1 year

Granted (in shares)

17,351

22,087

503,757

81,967

Employees | Time-based restricted stock unit

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of equal installments | installment

4

Number of anniversaries the awards vest | item

4

Granted (in shares)

212,621

Employees | Time-based stock option awards

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of equal installments | installment

4

Granted (in shares)

1,140,873

482,792

Employees | Time-based stock option awards | Chief Financial Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares)

171,429

Stock-Based Compensation - Chan

Stock-Based Compensation - Changes in stock options (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of shares
Exercisable Options at end of period (in shares)	546,272
Intrinsic Value
Vested	$ 0.8	$ 0.4	$ 0.1
Time-based stock option awards
Number of shares
Outstanding Options at beginning of period (in shares)	1,643,135
Granted (in shares)	0	1,140,875	654,221
Outstanding Options at end of period (in shares)	1,643,135	1,643,135
Weighted Average Exercise Price per Share
Outstanding Options at beginning of period (in dollars per share)	$ 6.11
Outstanding Options at end of period (in dollars per share)	$ 6.11	$ 6.11
Weighted Average Contractual Life (Years)
Outstanding Options (in years)	7 years 11 months 12 days	8 years 11 months 12 days
Stock Appreciation Rights (SARs) [Member]
Weighted Average Exercise Price per Share
Outstanding Options at end of period (in dollars per share)	$ 1.82
Weighted Average Contractual Life (Years)
Outstanding Options (in years)	9 years 2 months 1 day	0 years
Granted (in years)	9 years 2 months 1 day

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Time-based stock option awards
Assumptions:
Expected dividend yield	0.00%
Expected term (years)	6 years 3 months
Risk-free interest rate - minimum	0.82%
Risk-free interest rate - maximum	2.26%
Weighted-average grant date fair value	$ 0	$ 1.42	$ 2.92
Forfeited (in shares)	0
Granted (in shares)	0	1,140,875	654,221
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:
Weighted average expected stock volatility	25.94%
Exercise price (range)	$ 4.51
Maximum | Time-based stock option awards
Assumptions:
Weighted average expected stock volatility	30.90%
Exercise price (range)	$ 10.83

Stock-Based Compensation - Opti

Stock-Based Compensation - Options to Purchase Common Shares (Details)	Oct. 01, 2020	Aug. 05, 2020	Mar. 04, 2020shares	Sep. 03, 2019shares	May 21, 2019installmentitem$ / sharesshares	Dec. 31, 2021shares	Dec. 31, 2020shares	Dec. 31, 2019shares	Jan. 17, 2018$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price | $ / shares									$ 1.50
Time-based stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares						0	1,140,875	654,221
Right to buy number of shares upon vesting | shares					1
Per value | $ / shares					$ 0.0001
Number of anniversaries the awards vest | item					4
Expiration Period (in years)					10 years
Time-based stock option awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price | $ / shares					$ 4.51
Time-based stock option awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price | $ / shares					$ 10.83
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base Salary payment rate	100.00%
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base Salary payment rate	100.00%
Employees | Time-based stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares			1,140,873		482,792
Number of equal installments | installment					4
Chief Financial Officer | Employees | Time-based stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares				171,429
CEO | CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base Salary payment rate		80.00%

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 2.1	$ 1	$ 0.2
Time-based restricted stock unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based Compensation Expense	3.1	3	1.5
Associated tax benefit from stock-based compensation expense	0.7	0.7	0.4
Unrecognized compensation expense	$ 4.2
Period for unrecognized compensation expense expected to be recognized	1 year 10 months 17 days
Time-based stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based Compensation Expense	$ 0.8	0.8	0.2
Associated tax benefit from stock-based compensation expense	0.2	$ 0.2	$ 0.1
Unrecognized compensation expense	$ 1.4
Period for unrecognized compensation expense expected to be recognized	1 year 10 months 13 days
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based Compensation Expense	$ 1.2
Period for unrecognized compensation expense expected to be recognized	2 years 1 month 28 days

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
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	$ 0.7	$ 0.7	$ 0.8

Business Segments (Details)

Business Segments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)segment	Dec. 31, 2019USD ($)segment
Business segments
Number of reportable segments | segment			4
Number of Operating Segments | segment			6
Revenue	$ 291,337			$ 225,148	$ 321,096
Adjusted gross profit	155,595			107,819	189,198
Total Assets	513,392	$ 513,392	$ 513,392	534,237
Operating Segments
Business segments
Revenue	291,337			225,148	321,096
Adjusted gross profit	154,959			107,120	$ 190,434
Total Assets	343,005	$ 343,005	343,005	$ 363,544
Customer One [Member] | Customer concentration risk | Revenues
Business segments
Concentration Risk, Percentage		34.70%		28.10%	20.80%
Permian Basin | Operating Segments
Business segments
Revenue	116,958			$ 112,126	$ 214,464
Adjusted gross profit	52,344			51,518	128,424
Capital expenditures	8,575			8,160	82,031
Total Assets	206,774	$ 206,774	206,774	277,839
Bakken Basin | Operating Segments
Business segments
Revenue	4,150			6,605	20,620
Adjusted gross profit	(711)			161	8,511
Capital expenditures	174			67	190
Total Assets	43,504	43,504	43,504	51,782
Government | Operating Segments
Business segments
Revenue	156,250			63,259	66,972
Adjusted gross profit	94,801			47,523	49,203
Capital expenditures	27,525			24	305
Total Assets	87,308	87,308	87,308	27,149
TCPL Keystone | Operating Segments
Business segments
Revenue	12,283			41,911	15,744
Adjusted gross profit	9,161			8,617	3,060
Capital expenditures				164	$ 3,379
Total Assets	3,007	$ 3,007	$ 3,007	$ 3,543
Four Segments | Customer concentration risk | Revenues
Business segments
Concentration Risk, Percentage		75.00%
All Other
Business segments
Number of Operating Segments		3	3	3	3
Total Assets	3,489	$ 3,489	$ 3,489	$ 3,231
All Other | Operating Segments
Business segments
Revenue	1,696			1,247	$ 3,296
Adjusted gross profit	(636)			(699)	$ 1,236
Capital expenditures	57			656
Total Assets	$ 2,412	$ 2,412	$ 2,412	$ 3,231

Business Segments - Reconciliat

Business Segments - Reconciliation of total segment adjusted gross profit to total combined income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Segments
Total reportable segment adjusted gross profit	$ 155,595	$ 107,819	$ 189,198
Other adjusted gross profit	(636)	(699)	1,236
Depreciation and amortization	(70,519)	(65,614)	(58,902)
Selling, general and administrative expenses	(46,461)	(38,128)	(76,648)
Restructuring costs	0	0	(168)
Other (income) expense, net	(880)	723	(6,872)
Currency (gain) losses, net	0	0	123
Loss on extinguishment of debt	0	0	(907)
Interest expense, net	(38,704)	(40,034)	(33,401)
Change in fair value of warrant liabilities	(1,067)	2,347	5,920
Income (loss) before income tax	$ (2,672)	$ (33,586)	$ 19,579

Business Segments - Reconcili_2

Business Segments - Reconciliation of total segment assets to total combined assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 513,392	$ 534,237
Total reportable segment assets
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	340,593	360,313
All Other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,489	3,231
Other unallocated amounts
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 169,310	$ 170,693

Business Segments - Unallocated

Business Segments - Unallocated assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Total current assets	$ 60,536	$ 43,562
Other intangible assets, net	88,485	103,121
Deferred tax asset	14,710	15,179
Deferred financing costs revolver, net	2,159	3,422
Other non-current assets	3,420	5,409
Total assets	513,392	534,237
Other unallocated amounts
Total current assets	60,536	43,562
Other intangible assets, net	88,485	103,121
Deferred tax asset	14,710	15,179
Deferred financing costs revolver, net	2,159	3,422
Other non-current assets	3,420	5,409
Total assets	$ 169,310	$ 170,693

Business Segments - Customer Co

Business Segments - Customer Concentration (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)customer	Dec. 31, 2020USD ($)customer	Dec. 31, 2019USD ($)customer
Customer concentration
Revenue, Topic 606	$ 214,427	$ 172,189	$ 261,270
Government
Customer concentration
Revenue, Topic 606	88,115	23,538	25,071
TCPL Keystone
Customer concentration
Revenue, Topic 606	$ 12,283	$ 41,911	$ 15,744
Customer concentration risk | Revenues
Customer concentration
Number of customers | customer	2	2	2
Customer concentration risk | Customer One [Member] | Revenues | Government | Operating Segments
Customer concentration
Number of customers | customer		1
Revenue, Topic 606		$ 63,300	$ 67,000
Customer concentration risk | Customer One [Member] | Revenues | Permian Basin | Operating Segments
Customer concentration
Number of customers | customer			1
Revenue, Topic 606			$ 40,000
Customer concentration risk | Customer One [Member] | Revenues | TCPL Keystone | Operating Segments
Customer concentration
Number of customers | customer		1
Revenue, Topic 606		$ 41,900
Customer concentration risk | Customer Two [Member] | Revenues | Government | Operating Segments
Customer concentration
Number of customers | customer	2
Revenue, Topic 606	$ 156,300