BrightView (BV) 10-Q 7 Aug 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2019	Jul. 31, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	BrightView Holdings, Inc.
Trading Symbol	BV
Entity Central Index Key	0001734713
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		104,842,195
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-38579
Entity Tax Identification Number	464190788
Entity Address, Address Line One	980 Jolly Road
Entity Address, Address Line Two	Blue Bell
Entity Address, City or Town	Pennsylvania
Entity Address, State or Province	Delaware
Entity Address, Country	US
Entity Address, Postal Zip Code	19422
City Area Code	484
Local Phone Number	567-7204

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 10,942	$ 35,224
Accounts receivable, net	346,833	317,056
Unbilled revenue	102,348	99,876
Inventories	25,239	23,830
Other current assets	38,177	55,179
Total current assets	523,539	531,165
Property and equipment, net	278,252	256,806
Intangible assets, net	263,495	290,455
Goodwill	1,806,542	1,766,761
Other assets	44,058	46,711
Total assets	2,915,886	2,891,898
Current liabilities:
Accounts payable	97,542	93,603
Current portion of long-term debt	10,370	12,963
Deferred revenue	62,675	72,476
Current portion of self-insurance reserves	40,283	34,537
Accrued expenses and other current liabilities	133,988	117,891
Total current liabilities	344,858	331,470
Long-term debt, net	1,145,833	1,141,279
Deferred tax liabilities	56,415	67,219
Self-insurance reserves	85,895	93,400
Other liabilities	28,056	31,203
Total liabilities	1,661,057	1,664,571
Stockholders’ equity:
Preferred stock, $0.01 par value; 50,000 shares authorized; no shares issued or outstanding as of June 30, 2019 and September 30, 2018
Common stock, $0.01 par value; 500,000 shares authorized; 104,842 and 104,470 shares issued and outstanding as of June 30, 2019 and September 30, 2018, respectively	1,049	1,045
Additional paid-in-capital	1,438,167	1,426,344
Accumulated deficit	(171,452)	(189,636)
Accumulated other comprehensive loss	(12,935)	(10,426)
Total stockholders’ equity	1,254,829	1,227,327
Total liabilities and stockholders’ equity	$ 2,915,886	$ 2,891,898

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2019	Sep. 30, 2018
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	104,842,000	104,470,000
Common stock, outstanding	104,842,000	104,470,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net service revenues	$ 657,209	$ 630,330	$ 1,779,859	$ 1,771,800
Cost of services provided	468,589	454,753	1,313,284	1,311,441
Gross profit	188,620	175,577	466,575	460,359
Selling, general and administrative expense	113,964	119,246	343,519	356,840
Amortization expense	13,936	29,247	42,873	89,611
Income from operations	60,720	27,084	80,183	13,908
Other income	382	265	104	1,284
Interest expense	18,360	27,499	54,429	77,481
Income (loss) before income taxes	42,742	(150)	25,858	(62,289)
Income tax (expense) benefit	(11,033)	(1,247)	(6,582)	58,150
Net income (loss)	$ 31,709	$ (1,397)	$ 19,276	$ (4,139)
Income (loss) per share:
Basic and diluted	$ 0.31	$ (0.02)	$ 0.19	$ (0.05)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 31,709	$ (1,397)	$ 19,276	$ (4,139)
Net derivative (losses) gains arising during the period, net of tax of $854, $(559), $2,293 and $(2,881), respectively	(2,273)	1,488	(6,051)	6,303
Reclassification of losses into net income (loss), net of tax of $422, $688, $1,435 and $2,330, respectively	1,122	1,827	3,542	5,008
Other comprehensive (loss) income	(1,151)	3,315	(2,509)	11,311
Comprehensive income	$ 30,558	$ 1,918	$ 16,767	$ 7,172

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net derivative (losses) gains arising during the period, net of tax	$ 854	$ (559)	$ 2,293	$ (2,881)
Reclassification of losses into net loss, net of tax	$ 422	$ 688	$ 1,435	$ 2,330

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance at Sep. 30, 2017	$ 696,261	$ 771	$ 894,089	$ (178,015)	$ (20,584)
Balance, Shares at Sep. 30, 2017		77,083
Net income (loss)	(4,139)			(4,139)
Other comprehensive income (loss), net of tax	11,311				11,311
Capital contributions and issuance of common stock, net of forfeitures	99		99
Capital contributions and issuance of common stock, net of forfeitures, Shares		922
Equity-based compensation	20,753		20,753
Repurchase of common stock and distributions	(2,916)	$ (2)	(2,914)
Repurchase of common stock and distributions, Shares		(110)
Reclassification of effects of tax reform enactment				3,466	(3,466)
Balance at Jun. 30, 2018	721,369	$ 769	912,027	(178,688)	(12,739)
Balance, Shares at Jun. 30, 2018		77,895
Balance at Mar. 31, 2018	704,614	$ 770	897,187	(177,289)	(16,054)
Balance, Shares at Mar. 31, 2018		76,985
Net income (loss)	(1,397)			(1,397)
Other comprehensive income (loss), net of tax	3,315				3,315
Capital contributions and issuance of common stock, net of forfeitures, Shares		910
Equity-based compensation	14,951		14,951
Repurchase of common stock and distributions	(112)	$ (1)	(111)
Other	(2)			(2)
Balance at Jun. 30, 2018	721,369	$ 769	912,027	(178,688)	(12,739)
Balance, Shares at Jun. 30, 2018		77,895
Balance at Sep. 30, 2018	1,227,327	$ 1,045	1,426,344	(189,636)	(10,426)
Balance, Shares at Sep. 30, 2018		104,470
Net income (loss)	19,276			19,276
Other comprehensive income (loss), net of tax	(2,509)				(2,509)
Capital contributions and issuance of common stock, net of forfeitures	1	$ 4	(3)
Capital contributions and issuance of common stock, net of forfeitures, Shares		372
Equity-based compensation	11,826		11,826
Adoption of ASU No. 2014-09 (Refer to Note 2) | Accounting Standards Update 2014-09	(1,092)			(1,092)
Balance at Jun. 30, 2019	1,254,829	$ 1,049	1,438,167	(171,452)	(12,935)
Balance, Shares at Jun. 30, 2019		104,842
Balance at Mar. 31, 2019	1,223,964	$ 1,050	1,437,859	(203,161)	(11,784)
Balance, Shares at Mar. 31, 2019		104,962
Net income (loss)	31,709			31,709
Other comprehensive income (loss), net of tax	(1,151)				(1,151)
Capital contributions and issuance of common stock, net of forfeitures		$ (1)	1
Capital contributions and issuance of common stock, net of forfeitures, Shares		(120)
Equity-based compensation	307		307
Balance at Jun. 30, 2019	$ 1,254,829	$ 1,049	$ 1,438,167	$ (171,452)	$ (12,935)
Balance, Shares at Jun. 30, 2019		104,842

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income (loss)		$ 19,276	$ (4,139)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation		61,851	56,642
Amortization of intangible assets		42,873	89,611
Amortization of financing costs and original issue discount		2,790	8,080
Deferred taxes		(9,960)	(57,837)
Equity-based compensation	[1]	11,826	20,753
Realized loss on hedges		4,927	7,338
Provision for doubtful accounts		1,987	1,137
Other non-cash activities, net		(2,644)	2,281
Change in operating assets and liabilities:
Accounts receivable		(26,023)	(1,597)
Unbilled and deferred revenue		(15,573)	4,219
Inventories		(1,172)	4,290
Other operating assets		19,637	(11,073)
Accounts payable and other operating liabilities		(592)	3,945
Net cash provided by operating activities		109,203	123,650
Cash flows from investing activities:
Purchase of property and equipment		(77,225)	(71,743)
Proceeds from sale of property and equipment		6,760	3,946
Business acquisitions, net of cash acquired		(59,453)	(104,377)
Other investing activities, net		1,347	(403)
Net cash used in investing activities		(128,571)	(172,577)
Cash flows from financing activities:
Repayments of capital lease obligations		(4,085)	(4,786)
Repayments of debt		(125,370)	(64,820)
Proceeds from receivables financing agreement		115,000	70,000
Proceeds from revolving credit facility		10,000	55,000
Repurchase of common stock and distributions			(2,916)
Proceeds from issuance of common stock			99
Other financing activities, net		(459)
Net cash (used in) provided by financing activities		(4,914)	52,577
Net change in cash and cash equivalents		(24,282)	3,650
Cash and cash equivalents, beginning of period		35,224	12,779
Cash and cash equivalents, end of period		$ 10,942	$ 16,429
[1]	Represents equity-based compensation expense recognized for equity incentive plans outstanding, including $7,328 related to the IPO during the nine months ended June 30, 2019.

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Business and Basis of Presentation	1. BrightView Holdings, Inc. (the “Company” and, collectively with its consolidated subsidiaries, “BrightView”) provides landscape maintenance and enhancements, landscape development, snow removal and other landscape related services for commercial customers throughout the United States. BrightView is aligned into two reportable segments: Maintenance Services and Development Services. Prior to its initial public offering completed in July 2018 (the “IPO”), the Company was a wholly-owned subsidiary of BrightView Parent L.P. (“Parent”), an affiliate of KKR & Co. Inc., (“KKR”). The Parent and Company were formed through a series of transactions entered into by KKR to acquire the Company on December 18, 2013 (“the KKR Acquisition”). The Parent was dissolved in August 2018 following the IPO. Basis of Presentation These consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim reporting and are unaudited. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, including normal, recurring accruals that are necessary for a fair presentation of the Company’s operations for the periods presented in conformity with GAAP. All intercompany activity and balances have been eliminated from the consolidated financial statements. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. The consolidated balance sheet as of September 30, 2018, presented herein, has been derived from the Company’s audited consolidated financial statements as of and for the fiscal year ended September 30, 2018, but does not include all disclosures required by GAAP, for annual financial statements. For a more complete discussion of the Company’s accounting policies and certain other information refer to the audited consolidated financial statements and the notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2018, filed with the Securities and Exchange Commission (“SEC”). Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. On an ongoing basis, management reviews its estimates, including those related to allowances for doubtful accounts, revenue recognition, self-insurance reserves, estimates related to the Company’s assessment of goodwill for impairment, useful lives for depreciation and amortization, realizability of deferred tax assets, and litigation based on currently available information. Changes in facts and circumstances may result in revised estimates and actual results may differ from estimates. Initial Public Offering On July 2, 2018, the Company completed the IPO in which the Company issued and sold 24,495 shares of common stock. The shares sold in the offering were registered under the Securities Act pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-225277) (the “Registration Statement”), which was declared effective by the SEC on June 27, 2018. The shares of the Company’s common stock were sold at an initial offering price of $22.00 per share, which generated net proceeds of approximately $501,172 to the Company, after deducting underwriting discounts and estimated offering expenses of approximately $37,717, which included $5,497 paid to KKR Capital Markets LLC (“KCM”), an affiliate of KKR, for underwriting services in connection with the IPO. The Company used the net proceeds from the IPO to repay all $110,000 of the Company’s second lien term loans, all $55,000 outstanding under the Company’s Revolving Credit Facility (as defined below) and approximately $336,100 of the Company’s first lien term loans and accrued and unpaid interest thereon. These repayments resulted in an extinguishment of debt in the amount of approximately $501,100, which was recognized in the fourth quarter of fiscal 2018. BrightView was party to a Monitoring Agreement, dated as of December 18, 2013 (the “Monitoring Agreement”), with KKR and MSD Partners (“MSD” and together with KKR, the “Sponsors”), which was terminated on July 2, 2018 in accordance with its terms upon the completion of the IPO. In connection with such termination, during the fourth quarter of fiscal 2018, the Company paid termination fees of approximately $7,598 and $3,438 to KKR and MSD, respectively. Affiliates of KKR and MSD retained 55.9% and 13.0% ownership interest, respectively, in the Company immediately after the IPO. The Company’s Third Amended and Restated Certificate of Incorporation (the “Charter”) became effective in connection with the completion of the IPO on July 2, 2018. The Charter, among other things, provides that the Company’s authorized capital stock consists of 500,000 shares of common stock, and 50,000 shares of preferred stock, par value $0.01 per share. The Company’s bylaws were also amended and restated as of July 2, 2018. Stock Split In connection with preparing for the IPO, the Company’s Board of Directors approved a 2.33839-for-one reverse stock split of the Company’s common stock. The reverse stock split became effective June 8, 2018. The par value per share of common stock and authorized shares of common stock remain unchanged. The accompanying consolidated financial statements and notes thereto give retroactive effect to the reverse stock split for all periods presented.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Jun. 30, 2019
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	2. Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers The Company concluded that is has substantially similar performance obligations under the amended guidance as compared with deliverables previously recognized. Additionally, the Company made policy elections within the amended standards that are consistent with current accounting policies. The adoption of ASU 2014-09 has an immaterial impact on the timing of revenue recognition and did not have a significant impact on the Company’s consolidated financial statements. The Company recognized the cumulative effect of adopting the new standard as an adjustment to the opening balance of retained earnings resulting in an increase in the Accumulated deficit of $1,092. The additional revenue recognition disclosures required by the amended standard are presented in Note 3 “Revenue”. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory Hedging Activities In August 2017, the FASB issued ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities Leases In February 2016, the FASB issued ASU No. 2016-02, Leases Leases: Targeted Improvements, The Company is in the process of reviewing its leasing arrangements in order to determine the impact the new guidance will have on its accounting, financial statement presentation and disclosure and to compare its accounting policies and practices to the requirements of the new standard. The Company intends to elect the package of practical expedients permitted under the transition guidance within the new standard, which among other things, will allow the Company to carry forward the historical lease classification. The Company is in the process of implementing system, control and process changes to capture lease data necessary to apply the new standard. The Company anticipates an increase in lease-related assets and liabilities on its consolidated balance sheets as a result of recognition of most operating leases, and anticipates adopting the standard using the modified retrospective transition method, in accordance with ASU No. 2018-11 Measurement of Credit Losses In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurements of Credit Losses on Financial Instruments , which was amended in May 2019 by ASU No. 2019-04, Codification Improvements to Topic 326, Financial Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments and ASU No. 2019-05, Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief . These ASUs require entities to account for expected credit losses on financial instruments including trade receivables. The guidance is effective for the Company in the first quarter of fiscal 2021 and early adoption is permitted. The Company is currently evaluating the impact of the updated guidance on its consolidated financial statements. Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement material

Revenue

Revenue	9 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue	3. The Company’s revenue is generated from Maintenance Services and Development Services. The Company generally recognizes revenue from the sale of services as the services are performed, typically ratably over the term of the contract(s), which the Company believes to be the best measure of progress. The Company recognizes revenues as it transfers control of products and services to its customers. The Company recognizes revenue in an amount reflecting the total consideration it expects to receive from the customer. Revenue is recognized according to the following five step model: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenues when a performance obligation is satisfied. The Company determined that for contracts containing multiple performance obligations, stand-alone selling price is readily determinable for each performance obligation and therefore allocation of the transaction price to multiple performance obligations is not necessary. The transaction price will include estimates of variable consideration, such as returns and provisions for doubtful accounts and sales incentives, to the extent it is probable that a significant reversal of revenue recognized will not occur. In all cases, when a sale is recorded by the Company, no significant uncertainty exists surrounding the purchaser’s obligation to pay. Maintenance Services The Company’s Maintenance Services revenues are generated primarily through landscape maintenance services and snow removal services. Landscape maintenance services that are primarily viewed as non-discretionary, such as lawn care, mowing, gardening, mulching, leaf removal, irrigation and tree care, are provided under recurring annual contracts, which typically range from one to three years in duration and are generally cancellable by the customer with 30 days’ notice. Snow removal services are provided on either fixed fee based contracts or per occurrence contracts. Both landscape maintenance services and snow removal services can also include enhancement services that represent supplemental maintenance or improvement services generally provided under contracts of short duration related to specific services. Revenue for landscape maintenance and snow removal services under fixed fee models is recognized over time using an output based method. Additionally, a portion of the Company’s recurring fixed fee landscape maintenance and snow removal services are recorded under the series guidance. The right to invoice practical expedient, defined below, is generally applied to revenue related to landscape maintenance and snow removal services performed in relation to per occurrence contracts as well as enhancement services. When use of the practical expedient is not appropriate for these contracts, revenue is recognized using a cost-to-cost input method. Fees for contracted landscape maintenance services are typically billed on an equal monthly basis. Fees for fixed fee snow removal services are typically billed on an equal monthly basis during snow season, while fees for time and material or other activity-based snow removal services are typically billed as the services are performed. Fees for enhancement services are typically billed as the services are performed. Development Services For Development Services, revenue is primarily recognized over time using the cost-to-cost input method, measured by the percentage of cost incurred to date to the estimated total cost for each contract, which we believe to be the best measure of progress. The full amount of anticipated losses on contracts is recorded as soon as such losses can be estimated. These losses have been immaterial in prior periods. Changes in job performance, job conditions, and estimated profitability, including final contract settlements, may result in revisions to costs and revenue and are recognized in the period in which the revisions are determined. Disaggregation of revenue The following table presents the Company’s reportable segment revenues, disaggregated by revenue type. The Company disaggregates revenue from contracts with customers into major services lines. The Company has determined that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. As noted in the business segment reporting information in Note 13 “Segments”, the Company’s reportable segments are Maintenance Services and Development Services. Revenues shown for fiscal 2018 are in accordance with ASC 605, Revenue Recognition Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Landscape Maintenance $ 486,451 $ 465,668 $ 1,112,596 $ 1,088,785 Snow Removal 5,654 8,913 245,356 252,590 Maintenance Services 492,105 474,581 1,357,952 1,341,375 Development Services 166,319 157,379 424,692 433,620 Eliminations (1,215 ) (1,630 ) (2,785 ) (3,195 ) Net service revenues $ 657,209 $ 630,330 $ 1,779,859 $ 1,771,800 Remaining Performance Obligations Remaining performance obligations represent the estimated revenue expected to be recognized in the future related to performance obligations which are fully or partially unsatisfied at the end of the period. As of June 30, 2019, the estimated future revenues for remaining performance obligations that are part of a contract that has an original expected duration of greater than one year was approximately $339,352. The Company expects to recognize revenue on 69% of the remaining performance obligations over the next 12 months and an additional 31% over the 12 months thereafter. In accordance with the disclosure provisions of ASU 2014-09, the paragraph above excludes the following, i) estimated future revenues for performance obligations that are part of a contract that has an original expected duration of one year or less, ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance and iii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. Contract Assets and Liabilities When a contract results in revenue being recognized in excess of the amount the Company has invoiced or has the right to invoice to the customer, a contract asset is recognized. Contract assets are transferred to accounts receivable, net when the rights to the consideration become unconditional. Contract assets are presented as Unbilled revenue on the consolidated balance sheets. Contract liabilities consist of payments received from customers, or such consideration that is contractually due, in advance of providing the product or performing services such that control has not passed to the customer. Contract liabilities are presented as Deferred revenue on the consolidated balance sheets. Changes in deferred revenue for the nine month period ended June 30, 2019 were as follows: Deferred Revenue Balance, October 1, 2018 $ 72,476 Recognition of revenue (743,452 ) Deferral of revenue 733,651 Balance, June 30, 2019 $ 62,675 There were $113,181 of amounts billed during the period and $115,653 of additions to our unbilled revenue balance during the nine month period from October 1, 2018 to June 30, 2019. Practical Expedients and Exemptions The Company offers certain interest-free contracts to customers where payments are received over a period not exceeding one year. Additionally, certain Maintenance Services and Development Services customers may pay in advance for services. The Company does not adjust the promised amount of consideration for the effects of these financing components. At contract inception, the period of time between the performance of services and the customer payment is one year or less. As permitted under the practical expedient available under ASU No. 2014-09, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which we have the right to invoice for services performed. The Company utilizes the right to invoice practical expedient for services performed on a per occurrence basis for land maintenance and snow removal services. This simplifies the recognition of revenue for entities when the amount invoiced to a customer directly corresponds with the value transferred to the customer. The Company elected to apply the revenue standard only to contracts that are not completed as of the date of initial application.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Accounts Receivable	4. Accounts receivable of $346,833 and $317,056, is net of an allowance for doubtful accounts of $5,482 and $5,629 and includes amounts of retention on incomplete projects to be completed within one year of $38,755 and $40,215 at June 30, 2019 and September 30, 2018, respectively.

Inventories

Inventories	9 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories	5. Inventories consist of the following: June 30, 2019 September 30, 2018 Finished products $ 7,004 $ 6,913 Semi-finished products 10,191 8,580 Raw materials and supplies 8,044 8,337 Inventories $ 25,239 $ 23,830

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Property and Equipment, net	6. Property and equipment, net consists of the following: Useful Life June 30, 2019 September 30, 2018 Land — $ 54,060 $ 51,490 Buildings and leasehold improvements 2-40 yrs. 40,663 36,275 Operating equipment 2-7 yrs. 203,135 186,499 Transportation vehicles 3-7 yrs. 230,746 208,371 Office equipment and software 3-10 yrs. 62,174 57,976 Construction in progress — 6,803 4,202 Property and equipment 597,581 544,813 Less: Accumulated depreciation 319,329 288,007 Property and equipment, net $ 278,252 $ 256,806 Construction in progress includes costs incurred for software and other assets that have not yet been placed in service. Depreciation expense related to property and equipment was $20,884 and $17,839 for the three months ended June 30, 2019 and 2018, respectively. Depreciation expense related to property and equipment was $61,851 and $56,642 for the nine months ended June 30, 2019 and 2018, respectively.

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Acquisitions	9 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets, Goodwill and Acquisitions	7. Identifiable intangible assets consist of acquired customer contracts and relationships, trademarks and non-compete agreements. Amortization expense related to intangible assets was $13,936 and $29,247 for the three months ended June 30, 2019 and 2018, respectively. Amortization expense related to intangible assets was $42,873 and $89,611 for the nine months ended June 30, 2019 and 2018, respectively. These assets are amortized over their estimated useful lives of which the reasonableness is continually evaluated by the Company. Intangible assets as of June 30, 2019 and September 30, 2018 consisted of the following: June 30, 2019 September 30, 2018 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships 6-21 yrs. $ 638,204 $ (380,144 ) $ 622,710 $ (337,800 ) Trademarks (1) 4-12 yrs. 4,800 (1,583 ) 230,900 (227,520 ) Non-compete agreements 5 yrs. 2,740 (522 ) 2,320 (155 ) Total intangible assets $ 645,744 $ (382,249 ) $ 855,930 $ (565,475 ) (1) During the nine months ended June 30, 2019, the Company wrote off $226,100 of fully amortized trademarks The following is a summary of the activity for the periods ended September 30, 2018 and June 30, 2019 for goodwill: Maintenance Services Development Services Total Balance, September 30, 2017 $ 1,523,299 $ 180,474 $ 1,703,773 Acquisitions 49,064 13,924 62,988 Balance, September 30, 2018 1,572,363 194,398 1,766,761 Acquisitions 39,781 — 39,781 Balance, June 30, 2019 $ 1,612,144 $ 194,398 $ 1,806,542

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	8. Long-term debt consists of the following: June 30, 2019 September 30, 2018 Series B term loan, net of original issue discount of $2,427 and $2,712 at June 30, 2019 and September 30, 2018, respectively (excluding the effect of the hedges) $ 1,024,203 $ 1,034,288 Receivables financing agreement 150,000 140,000 Financing costs, net (18,000 ) (20,046 ) Total debt, net 1,156,203 1,154,242 Less: Current portion of long-term debt 10,370 12,963 Long-term debt, net $ 1,145,833 1,141,279 First Lien credit facility term loans due 2020 and Series B Term Loan due 2025 In connection with the KKR Acquisition, the Company and a group of financial institutions entered into a credit agreement (the “Credit Agreement”) dated December 18, 2013. The Credit Agreement consisted of seven-year $1,460,000 term loans (“First Lien Term Loans”) and a five-year $210,000 revolving credit facility. All amounts outstanding under the Credit Agreement were collateralized by substantially all of the assets of the Company. Debt repayments for the First Lien Term Loans totaled $347,050 for the year ended September 30, 2018 and consisted of $10,950 in contractual repayments per the Credit Agreement and $336,100 in voluntary repayments in connection with the IPO. On August 15, 2018, the Company entered into Amendment No. Revolving credit facility The Company has a five-year $260,000 revolving credit facility (the “Revolving Credit Facility”) that matures on August 15, 2023 and bears interest at a rate per annum of LIBOR plus a margin ranging from 2.00% to 2.50%, with the margin determined based on the Company’s first lien net leverage ratio. The Revolving Credit Facility replaces the previous $210,000 revolving credit facility under the Credit Agreement. The Company had no outstanding balance under the Revolving Credit Facility as of June 30, 2019 and September 30, 2018. During the nine months ended June 30, 2019, the Company borrowed and fully repaid $10,000 against the revolving credit facility. Receivables financing agreement On April 28, 2017, the Company, through a wholly-owned subsidiary, entered into a receivables financing agreement (the “Receivables Financing Agreement”). The Receivables Financing Agreement provided a borrowing capacity of $175,000 through April 27, 2020. On February 21, 2019, the Company entered into the First Amendment to the Receivables Financing Agreement (the "Amendment Agreement") which increased the borrowing capacity to $200,000 and extended the term through February 20, 2022. All amounts outstanding under the Receivables Financing Agreement are collateralized by substantially all of the accounts receivables and unbilled revenue of the Company. During the nine months ended June 30, 2019, the Company borrowed $115,000 against the capacity and voluntarily repaid $105,000. The following are the scheduled maturities of long-term debt, which do not include any estimated excess cash flow payments: June 30, 2020 $ 10,370 2021 10,370 2022 160,370 2023 10,370 2024 and thereafter 985,150 Total long-term debt 1,176,630 Less: Current maturities 10,370 Less: Original issue discount 2,427 Less: Financing costs 18,000 Total long-term debt, net $ 1,145,833 The Company has estimated the fair value of its long-term debt to be approximately $1,174,062 and $1,182,152 as of June 30, 2019 and September 30, 2018, respectively. Fair value is based on market bid prices around period-end (Level 2 inputs).

Fair Value Measurements and Der

Fair Value Measurements and Derivatives Instruments	9 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements and Derivatives Instruments	9. Fair value is defined as the price at which an orderly transaction to sell an asset or to transfer a liability would take place between market participants at the measurement date under current market conditions (that is, an exit price at the measurement date from the perspective of a market participant that holds the asset or owes the liability). Fair Value Hierarchy The following hierarchy for inputs used in measuring fair value should maximize the use of observable inputs and minimize the use of unobservable inputs by requiring that the most observable inputs be used when available: Level 1 Quoted prices in active markets for identical assets or liabilities that are accessible at the measurement dates. Level 2 Significant observable inputs that are used by market participants in pricing the asset or liability based on market data obtained from independent sources. Level 3 Significant unobservable inputs the Company believes market participants would use in pricing the asset or liability based on the best information available. The carrying amounts shown for the Company’s cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate fair value due to the short-term maturity of those instruments. The valuation is based on settlements of similar financial instruments all of which are short-term in nature and are generally settled at or near cost. Investments held in Rabbi Trust A non-qualified deferred compensation plan is available to certain executives. Under this plan, participants may elect to defer up to 70% of their compensation. The Company invests the deferrals in participant-selected diversified investments that are held in a Rabbi Trust and which are classified within Other assets on the consolidated balance sheets. The fair value of the investments held in the Rabbi Trust is based on the quoted market prices of the underlying mutual fund investments. These investments are based on the participants’ selected investments, which represent the underlying liabilities to the participants in the non-qualified deferred compensation plan. Derivatives The Company’s objective in entering into derivative transactions is to manage its exposure to interest rate movements associated with its variable rate debt and changes in fuel prices. The Company recognizes derivatives as either assets or liabilities on the balance sheet and measures those instruments at fair value. The fair values of the derivative financial instruments are determined using widely accepted valuation techniques including discounted cash flow analysis based on the expected cash flows of each derivative. Although the Company has determined that the significant inputs, such as interest yield curve and discount rate, used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with the Company’s counterparties and its own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of June 30, 2019 and September 30, 2018, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. The following tables summarize the financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and September 30, 2018: June 30, 2019 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 11,388 $ 11,388 $ — $ — Total assets $ 11,388 $ 11,388 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 8,921 $ — $ 8,921 $ — Other liabilities: Interest rate swap contracts 10,551 — 10,551 — Obligation to Rabbi Trust 11,388 11,388 — — Total liabilities $ 30,860 $ 11,388 $ 19,472 $ — September 30, 2018 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 12,517 $ 12,517 $ — $ — Total assets $ 12,517 $ 12,517 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 3,441 $ — $ 3,441 $ — Other liabilities: Interest rate swap contracts 12,098 — 12,098 — Obligation to Rabbi Trust 12,517 12,517 — — Total liabilities $ 28,056 $ 12,517 $ 15,539 $ — Hedging Activities As of June 30, 2019 and September 30, 2018, the Company’s outstanding derivatives qualify as cash flow hedges. The Company assesses whether derivatives used in hedging transactions are “highly effective” in offsetting changes in the cash flow of the hedged forecasted transactions. Regression analysis is used for the hedge relationships and high effectiveness is achieved when a statistically valid relationship reflects a high degree of offset and correlation between the fair values of the derivative and the hedged forecasted transaction. The effective portion of the changes in the fair value of the derivative is initially reported in Other comprehensive income and subsequently reclassified to Interest expense (interest rate contracts) and Cost of services provided (fuel hedge contracts) in the consolidated statements of operations when the hedged item affects earnings. If it is determined that a derivative is not highly effective as a hedge, or if the hedged forecasted transaction is no longer probable of occurring, then the amount recognized in Accumulated other comprehensive loss is released to earnings. Cash flows from the derivatives are classified in the same category as the cash flows from the underlying hedged transaction. Interest Rate Swap Contracts The Company has exposures to variability in interest rates associated with its variable interest rate debt. As such, the Company has entered into interest rate swaps to help manage interest rate exposure by economically converting a portion of its variable-rate debt to fixed-rate debt effective for the periods March 18, 2016 through December 31, 2020. The notional amount of interest rate contracts was $1,000,000 and $1,560,000, respectively, at June 30, 2019 and September 30, 2018. The net deferred losses on the interest rate swaps as of June 30, 2019 of $8,722, net of taxes, are expected to be recognized in interest expense over the next 12 months. The effects on the consolidated financial statements of the interest rate swaps which were designated as cash flow hedges were as follows: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (Loss) income recognized in Other comprehensive income (loss) $ (3,745 ) $ 2,045 $ (9,820 ) $ 9,127 Net loss reclassified from Accumulated other comprehensive loss into Interest expense (2,199 ) (2,513 ) (5,634 ) (7,344 )

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	10. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the 2017 Tax Act. The 2017 Tax Act makes broad and complex changes to the U.S. tax code that affected the Company’s fiscal year ended September 30, 2018, by measures including but not limited to, i) reducing the U.S. federal corporate tax rate and ii) bonus depreciation that allows for full expensing of qualified property. The 2017 Tax Act reduced the Company’s federal tax rate to 21% in the fiscal year ended September 30, 2018. Section 15 of the Internal Revenue Code stipulated that the Company’s fiscal year ended September 30, 2018 had a blended corporate tax rate of 24.5%, which is based on the applicable tax rates before and after the 2017 Tax Act and the number of days in the year. As a result of the reduction in the U.S. corporate income tax rate from 35% to 21% under the 2017 Tax Act, the Company revaluated its ending net deferred tax liabilities at December 31, 2017 and recognized a $41,367 tax benefit in the Company’s consolidated statement of operations for the nine months ended June 30, 2018. The following table summarizes the Company’s income tax benefit and effective income tax rate for the three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Income (loss) before income taxes $ 42,742 $ (150 ) $ 25,858 $ (62,289 ) Income tax expense (benefit) 11,033 1,247 6,582 (58,150 ) Effective income tax rate 25.8 % nm 25.5 % 93.4 % The increase in the effective tax rate for the three months ended June 30, 2019 when compared to the three months ended June 30, 2018, is primarily related to the increase in the income before income taxes and certain non-deductible expenses related to the IPO incurred in 2018. The lower effective tax rate for the nine months ended June 30, 2019, when compared to the nine months ended June 30, 2018, was primarily due to the one-time favorable impact of the deferred tax liability revaluation in the 2018 period as a result of the 2017 Tax Act. The effective tax rate excluding the revaluation of deferred taxes was 29.0% for the nine months ended June 30, 2018.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity-Based Compensation	11. Restricted Stock Awards On November 28, 2018, the Company issued 492 shares at a weighted average grant date fair value of $13.49, all of which are restricted stock subject to vesting. The majority of these shares will vest ratably over a four-year period commencing on the first anniversary of the grant date. Non-cash equity-based compensation expense associated with the grant will be approximately $6,156 over the requisite service period. Restricted Stock Units On June 3, 2019, the Company issued 152 restricted stock units (“RSUs”) at a weighted average grant date fair value of $16.86, all of which are subject to vesting. These RSUs will vest ratably over either a three-year or a four-year period commencing on the first anniversary of the grant date. Non-cash equity-based compensation expense associated with the grant will be approximately $2,379 over the requisite service period. Stock Option Awards On November 28, 2018, the Company issued 1,123 stock options at a weighted average exercise price of $13.49 and a weighted average grant date fair value of $5.85, the majority of which will vest and become exercisable ratably over a four-year period commencing on the first anniversary of the grant date. Non-cash equity-based compensation expense associated with the grant will be approximately $6,091 over the requisite service period. On June 3, 2019, the Company issued 138 stock options at a weighted average exercise price of $16.86 and a weighted average grant date fair value of $6.84, all of which will vest and become exercisable ratably over a four-year period commencing on the first anniversary of the grant date. Non-cash equity-based compensation expense associated with the grant will be approximately $875 over the requisite service period. Information regarding the total equity-based compensation expense, for the periods indicated is as follows: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Total equity-based compensation expense recognized $ 307 $ 14,951 $ 11,826 $ 20,753 At June 30, 2019 the aggregate unamortized value of outstanding stock-based compensation awards was approximately $46,961, with a weighted average remaining life of 1.6 years. 2018 Employee Stock Purchase Plan The Company’s stockholders approved in 2018 the Company’s 2018 Employee Stock Purchase Plan (the “ESPP”). A total of 1,100 shares of the Company’s common stock were made available for sale on October 22, 2018 and a portion thereof will be issued on November 14, 2019.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Risk Management The Company carries general liability, auto liability, workers’ compensation, professional liability, directors’ and officers’ liability, and employee health care insurance policies. In addition, the Company carries umbrella liability insurance policies to cover claims over the liability limits contained in the primary policies. The Company’s insurance programs for workers’ compensation, general liability, auto liability and employee health care for certain employees contain self-insured retention amounts, deductibles and other coverage limits (“self-insured liability”). Claims that are not self-insured as well as claims in excess of the self-insured liability amounts are insured. The Company uses estimates in the determination of the required reserves. These estimates are based upon calculations performed by third-party actuaries, as well as examination of historical trends, and industry claims experience. The Company’s reserve for unpaid and incurred but not reported claims under these programs at June 30, 2019 was $126,178, of which $40,283 was classified in current liabilities and $85,895 was classified in non-current liabilities in the accompanying unaudited consolidated balance sheet. The Company’s reserve for unpaid and incurred but not reported claims under these programs at September 30, 2018 was $127,937, of which $34,537 was classified in current liabilities and $93,400 was classified in non-current liabilities in the accompanying consolidated balance sheet. While the ultimate amount of these claims is dependent on future developments, in management’s opinion, recorded reserves are adequate to cover these claims. The Company’s reserve for unpaid and incurred but not reported claims at June 30, 2019 includes $34,192 related to claims recoverable from third party insurance carriers. Corresponding assets of $6,926 and $27,266 are recorded at June 30, 2019, as Other current assets and Other assets, respectively. Corresponding assets of $17,462 and $19,558 were recorded at September 30, 2018, as Other current assets and Other assets, respectively. Litigation Contingency From time to time, the Company is subject to legal proceedings and claims in the ordinary course of its business, principally claims made alleging injuries (including vehicle and general liability matters as well as workers compensation and property casualty claims). Such claims, even if lacking merit, can result in expenditures of significant financial and managerial resources. In the ordinary course of its business, the Company is also subject to claims involving current and/or former employees and disputes involving commercial and regulatory matters. Regulatory matters include, among other things, audits and reviews of local and federal tax compliance, safety and employment practices. Although the process of resolving regulatory matters and claims through litigation and other means is inherently uncertain, the Company is not aware of any such matter, legal proceeding or claim that it believes will have, individually or in the aggregate, a material effect on the Company, its financial condition, and results of operations or cash flows. For all legal matters, an estimated liability is established in accordance with the loss contingencies accounting guidance. This estimated liability is included in Accrued expenses and other current liabilities in the accompanying consolidated balance sheets. Stockholder Litigation On April 11, 2019, a purported class action complaint, captioned Speiser v. BrightView Holdings, Inc., was filed in federal court in the Eastern District of Pennsylvania against the Company and two of the Company’s officers. On April 16, 2019, a second purported class action complaint, captioned McComas v. BrightView Holdings, Inc., was filed in the Court of Common Pleas in Montgomery County, Pennsylvania against the Company, certain current and former officers and directors of the Company, the underwriters in the Company’s IPO, and the Company’s alleged controlling stockholders. On May 31, 2019, McComas filed an amended complaint. In early June 2019, Speiser voluntarily dismissed his complaint in federal court, but filed a new complaint in the Court of Common Pleas in Montgomery County, Pennsylvania. The Speiser state court complaint is substantively identical to the McComas amended complaint. Both complaints allege violations of Section 11 of the Securities Act of 1933 against all defendants and controlling person claims under Section 15 of the Act against certain defendants. The plaintiffs purport to represent similar classes of persons who purchased BrightView stock in its IPO in July 2018 or purchased BrightView stock in the market that was traceable to the shares issued in the IPO. The complaints allege that the IPO prospectus was misleading because it allegedly failed to disclose that a portion of BrightView’s contracts were underperforming and/or represented undesirable costs to the Company and that, as a result, BrightView would implement a managed exit strategy from low margin or non-profitable contracts that would negatively impact its future revenues; and that BrightView failed to disclose an alleged labor shortage caused by the Company’s inability to hire sufficient workers through the H-2B visa program would adversely affect earnings. On July 19, 2019, the Court entered an order consolidating the McComas and Speiser state court actions, under the caption, In re BrightView Holdings, Inc. Securities Litigation

Segments

Segments	9 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segments	13. The operations of the Company are conducted through two operating segments: Maintenance Services and Development Services, which are also its reportable segments. Maintenance Services primarily consists of recurring landscape maintenance services and snow removal services as well as supplemental landscape enhancement services. Development Services primarily consists of landscape architecture and development services for new construction and large scale redesign projects. Development Services also includes our tree and nursery division, which grows and sells trees as well as manages removal and installation of specimen trees as part of many development projects. The operating segments identified above are determined based on the services provided, and they reflect the manner in which operating results are regularly reviewed by the Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. The CODM is the Company’s Chief Executive Officer. The CODM evaluates the performance of the Company’s operating segments based upon Net Service Revenues, Adjusted EBITDA and Capital Expenditures. Management uses Adjusted EBITDA to evaluate performance and profitability of each operating segment. The accounting policies of the segments are the same as those described in Note 2 “Summary of Significant Accounting Policies” in the notes to our consolidated financial statements in the Annual Report on Form 10-K for the fiscal year ended September 30, 2018. Corporate includes corporate executive compensation, finance, legal and information technology which are not allocated to the segments. Eliminations represent eliminations of intersegment revenues. The Company does not currently provide asset information by segment, as this information is not used by management when allocating resources or evaluating performance. The following is a summary of certain financial data for each of the segments: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Maintenance Services $ 492,105 $ 474,581 $ 1,357,952 $ 1,341,375 Development Services 166,319 157,379 424,692 433,620 Eliminations (1,215 ) (1,630 ) (2,785 ) (3,195 ) Net service revenues $ 657,209 $ 630,330 $ 1,779,859 $ 1,771,800 Maintenance Services $ 91,138 $ 91,349 $ 204,800 $ 210,241 Development Services 26,966 21,953 55,018 55,284 Corporate (16,196 ) (15,469 ) (46,687 ) (49,649 ) Adjusted EBITDA (1) $ 101,908 $ 97,833 $ 213,131 $ 215,876 Maintenance Services $ 24,434 $ 14,292 $ 54,449 $ 33,759 Development Services 3,242 2,182 9,902 3,955 Corporate 6,940 11,174 12,874 34,029 Capital expenditures $ 34,616 $ 27,648 $ 77,225 $ 71,743 (1) Presented below is a reconciliation of Net income (loss) to Adjusted EBITDA: Three Months Ended Nine Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Net income (loss) $ 31,709 $ (1,397 ) $ 19,276 $ (4,139 ) Interest expense 18,360 27,499 54,429 77,481 Income tax expense (benefit) 11,033 1,247 6,582 (58,150 ) Depreciation expense 20,884 17,839 61,851 56,642 Amortization expense 13,936 29,247 42,873 89,611 Establish public company financial reporting compliance (a) 1,140 555 2,832 3,372 Business transformation and integration costs (b) 4,431 2,466 13,354 21,402 Expenses related to initial public offering (c) 108 4,678 108 6,808 Equity-based compensation (d) 307 14,951 11,826 20,753 Management fees (e) — 748 — 2,096 Adjusted EBITDA $ 101,908 $ 97,833 $ 213,131 $ 215,876 (a) Represents costs incurred to establish public company financial reporting compliance, including costs to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the new revenue recognition standard (ASU 2014-09 – Revenue from Contracts with Customers (b) Business transformation and integration costs consist of (i) severance and related costs; (ii) rebranding of vehicle fleet; (iii) business integration costs and (iv) information technology infrastructure transformation costs and other. (c) Represents expenses incurred for the IPO in fiscal 2018 and subsequent registration statements. (d) Represents equity-based compensation expense recognized for equity incentive plans outstanding, including $7,328 related to the IPO during the nine months ended June 30, 2019. (e) Represents management fees paid pursuant to a monitoring agreement terminated on July 2, 2018 in connection with the completion of the IPO.

Earnings (Loss) Per Share of Co

Earnings (Loss) Per Share of Common Stock	9 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings (Loss) Per Share of Common Stock	14. Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been outstanding had potential dilutive shares of common stock been issued. Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculation for the periods indicated: Three Months Ended Nine Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Numerator: Net income (loss) available to common stockholders $ 31,709 $ (1,397 ) $ 19,276 $ (4,139 ) Denominator: Weighted average number of common shares outstanding – basic 102,828 77,025 102,705 77,046 Basic earnings (loss) per share $ 0.31 $ (0.02 ) $ 0.19 $ (0.05 ) Weighted average number of common shares outstanding – diluted 102,999 77,025 103,300 77,046 Diluted earnings (loss) per share $ 0.31 $ (0.02 ) $ 0.19 $ (0.05 ) Other Information: Weighted average number of anti-dilutive options and restricted stock 6,356 130 6,406 43

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	9 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim reporting and are unaudited. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, including normal, recurring accruals that are necessary for a fair presentation of the Company’s operations for the periods presented in conformity with GAAP. All intercompany activity and balances have been eliminated from the consolidated financial statements. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. The consolidated balance sheet as of September 30, 2018, presented herein, has been derived from the Company’s audited consolidated financial statements as of and for the fiscal year ended September 30, 2018, but does not include all disclosures required by GAAP, for annual financial statements. For a more complete discussion of the Company’s accounting policies and certain other information refer to the audited consolidated financial statements and the notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2018, filed with the Securities and Exchange Commission (“SEC”).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. On an ongoing basis, management reviews its estimates, including those related to allowances for doubtful accounts, revenue recognition, self-insurance reserves, estimates related to the Company’s assessment of goodwill for impairment, useful lives for depreciation and amortization, realizability of deferred tax assets, and litigation based on currently available information. Changes in facts and circumstances may result in revised estimates and actual results may differ from estimates.
Initial Public Offering	Initial Public Offering On July 2, 2018, the Company completed the IPO in which the Company issued and sold 24,495 shares of common stock. The shares sold in the offering were registered under the Securities Act pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-225277) (the “Registration Statement”), which was declared effective by the SEC on June 27, 2018. The shares of the Company’s common stock were sold at an initial offering price of $22.00 per share, which generated net proceeds of approximately $501,172 to the Company, after deducting underwriting discounts and estimated offering expenses of approximately $37,717, which included $5,497 paid to KKR Capital Markets LLC (“KCM”), an affiliate of KKR, for underwriting services in connection with the IPO. The Company used the net proceeds from the IPO to repay all $110,000 of the Company’s second lien term loans, all $55,000 outstanding under the Company’s Revolving Credit Facility (as defined below) and approximately $336,100 of the Company’s first lien term loans and accrued and unpaid interest thereon. These repayments resulted in an extinguishment of debt in the amount of approximately $501,100, which was recognized in the fourth quarter of fiscal 2018. BrightView was party to a Monitoring Agreement, dated as of December 18, 2013 (the “Monitoring Agreement”), with KKR and MSD Partners (“MSD” and together with KKR, the “Sponsors”), which was terminated on July 2, 2018 in accordance with its terms upon the completion of the IPO. In connection with such termination, during the fourth quarter of fiscal 2018, the Company paid termination fees of approximately $7,598 and $3,438 to KKR and MSD, respectively. Affiliates of KKR and MSD retained 55.9% and 13.0% ownership interest, respectively, in the Company immediately after the IPO. The Company’s Third Amended and Restated Certificate of Incorporation (the “Charter”) became effective in connection with the completion of the IPO on July 2, 2018. The Charter, among other things, provides that the Company’s authorized capital stock consists of 500,000 shares of common stock, and 50,000 shares of preferred stock, par value $0.01 per share. The Company’s bylaws were also amended and restated as of July 2, 2018.
Stock Split	Stock Split In connection with preparing for the IPO, the Company’s Board of Directors approved a 2.33839-for-one reverse stock split of the Company’s common stock. The reverse stock split became effective June 8, 2018. The par value per share of common stock and authorized shares of common stock remain unchanged. The accompanying consolidated financial statements and notes thereto give retroactive effect to the reverse stock split for all periods presented.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Schedule of Reportable Segment Revenues, Disaggregated by Revenue	The following table presents the Company’s reportable segment revenues, disaggregated by revenue type. The Company disaggregates revenue from contracts with customers into major services lines. The Company has determined that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. As noted in the business segment reporting information in Note 13 “Segments”, the Company’s reportable segments are Maintenance Services and Development Services. Revenues shown for fiscal 2018 are in accordance with ASC 605, Revenue Recognition Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Landscape Maintenance $ 486,451 $ 465,668 $ 1,112,596 $ 1,088,785 Snow Removal 5,654 8,913 245,356 252,590 Maintenance Services 492,105 474,581 1,357,952 1,341,375 Development Services 166,319 157,379 424,692 433,620 Eliminations (1,215 ) (1,630 ) (2,785 ) (3,195 ) Net service revenues $ 657,209 $ 630,330 $ 1,779,859 $ 1,771,800
Schedule of Contract Balances	Changes in deferred revenue for the nine month period ended June 30, 2019 were as follows: Deferred Revenue Balance, October 1, 2018 $ 72,476 Recognition of revenue (743,452 ) Deferral of revenue 733,651 Balance, June 30, 2019 $ 62,675

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: June 30, 2019 September 30, 2018 Finished products $ 7,004 $ 6,913 Semi-finished products 10,191 8,580 Raw materials and supplies 8,044 8,337 Inventories $ 25,239 $ 23,830

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consists of the following: Useful Life June 30, 2019 September 30, 2018 Land — $ 54,060 $ 51,490 Buildings and leasehold improvements 2-40 yrs. 40,663 36,275 Operating equipment 2-7 yrs. 203,135 186,499 Transportation vehicles 3-7 yrs. 230,746 208,371 Office equipment and software 3-10 yrs. 62,174 57,976 Construction in progress — 6,803 4,202 Property and equipment 597,581 544,813 Less: Accumulated depreciation 319,329 288,007 Property and equipment, net $ 278,252 $ 256,806

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Acquisitions (Tables)	9 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets as of June 30, 2019 and September 30, 2018 consisted of the following: June 30, 2019 September 30, 2018 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships 6-21 yrs. $ 638,204 $ (380,144 ) $ 622,710 $ (337,800 ) Trademarks (1) 4-12 yrs. 4,800 (1,583 ) 230,900 (227,520 ) Non-compete agreements 5 yrs. 2,740 (522 ) 2,320 (155 ) Total intangible assets $ 645,744 $ (382,249 ) $ 855,930 $ (565,475 ) (1) During the nine months ended June 30, 2019, the Company wrote off $226,100 of fully amortized trademarks
Schedule of Changes in Carrying Amount of Goodwill	The following is a summary of the activity for the periods ended September 30, 2018 and June 30, 2019 for goodwill: Maintenance Services Development Services Total Balance, September 30, 2017 $ 1,523,299 $ 180,474 $ 1,703,773 Acquisitions 49,064 13,924 62,988 Balance, September 30, 2018 1,572,363 194,398 1,766,761 Acquisitions 39,781 — 39,781 Balance, June 30, 2019 $ 1,612,144 $ 194,398 $ 1,806,542

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: June 30, 2019 September 30, 2018 Series B term loan, net of original issue discount of $2,427 and $2,712 at June 30, 2019 and September 30, 2018, respectively (excluding the effect of the hedges) $ 1,024,203 $ 1,034,288 Receivables financing agreement 150,000 140,000 Financing costs, net (18,000 ) (20,046 ) Total debt, net 1,156,203 1,154,242 Less: Current portion of long-term debt 10,370 12,963 Long-term debt, net $ 1,145,833 1,141,279
Scheduled Maturities of Long-Term Debt	The following are the scheduled maturities of long-term debt, which do not include any estimated excess cash flow payments: June 30, 2020 $ 10,370 2021 10,370 2022 160,370 2023 10,370 2024 and thereafter 985,150 Total long-term debt 1,176,630 Less: Current maturities 10,370 Less: Original issue discount 2,427 Less: Financing costs 18,000 Total long-term debt, net $ 1,145,833

Fair Value Measurements and D_2

Fair Value Measurements and Derivatives Instruments (Tables)	9 Months Ended
	Jun. 30, 2019
Derivative Instruments Gain Loss [Line Items]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables summarize the financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and September 30, 2018: June 30, 2019 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 11,388 $ 11,388 $ — $ — Total assets $ 11,388 $ 11,388 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 8,921 $ — $ 8,921 $ — Other liabilities: Interest rate swap contracts 10,551 — 10,551 — Obligation to Rabbi Trust 11,388 11,388 — — Total liabilities $ 30,860 $ 11,388 $ 19,472 $ — September 30, 2018 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 12,517 $ 12,517 $ — $ — Total assets $ 12,517 $ 12,517 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 3,441 $ — $ 3,441 $ — Other liabilities: Interest rate swap contracts 12,098 — 12,098 — Obligation to Rabbi Trust 12,517 12,517 — — Total liabilities $ 28,056 $ 12,517 $ 15,539 $ —
Interest Rate Swaps
Derivative Instruments Gain Loss [Line Items]
Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges	The effects on the consolidated financial statements of the interest rate swaps which were designated as cash flow hedges were as follows: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (Loss) income recognized in Other comprehensive income (loss) $ (3,745 ) $ 2,045 $ (9,820 ) $ 9,127 Net loss reclassified from Accumulated other comprehensive loss into Interest expense (2,199 ) (2,513 ) (5,634 ) (7,344 )

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Summary of Income Tax Benefit and Effective Income Tax Rate	On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the 2017 Tax Act. The 2017 Tax Act makes broad and complex changes to the U.S. tax code that affected the Company’s fiscal year ended September 30, 2018, by measures including but not limited to, i) reducing the U.S. federal corporate tax rate and ii) bonus depreciation that allows for full expensing of qualified property. The 2017 Tax Act reduced the Company’s federal tax rate to 21% in the fiscal year ended September 30, 2018. Section 15 of the Internal Revenue Code stipulated that the Company’s fiscal year ended September 30, 2018 had a blended corporate tax rate of 24.5%, which is based on the applicable tax rates before and after the 2017 Tax Act and the number of days in the year. As a result of the reduction in the U.S. corporate income tax rate from 35% to 21% under the 2017 Tax Act, the Company revaluated its ending net deferred tax liabilities at December 31, 2017 and recognized a $41,367 tax benefit in the Company’s consolidated statement of operations for the nine months ended June 30, 2018. The following table summarizes the Company’s income tax benefit and effective income tax rate for the three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Income (loss) before income taxes $ 42,742 $ (150 ) $ 25,858 $ (62,289 ) Income tax expense (benefit) 11,033 1,247 6,582 (58,150 ) Effective income tax rate 25.8 % nm 25.5 % 93.4 %

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Total Equity-Based Compensation Expense	Information regarding the total equity-based compensation expense, for the periods indicated is as follows: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Total equity-based compensation expense recognized $ 307 $ 14,951 $ 11,826 $ 20,753

Segments (Tables)

Segments (Tables)	9 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Summary of Certain Financial Data For Each of Segments	The following is a summary of certain financial data for each of the segments: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 Maintenance Services $ 492,105 $ 474,581 $ 1,357,952 $ 1,341,375 Development Services 166,319 157,379 424,692 433,620 Eliminations (1,215 ) (1,630 ) (2,785 ) (3,195 ) Net service revenues $ 657,209 $ 630,330 $ 1,779,859 $ 1,771,800 Maintenance Services $ 91,138 $ 91,349 $ 204,800 $ 210,241 Development Services 26,966 21,953 55,018 55,284 Corporate (16,196 ) (15,469 ) (46,687 ) (49,649 ) Adjusted EBITDA (1) $ 101,908 $ 97,833 $ 213,131 $ 215,876 Maintenance Services $ 24,434 $ 14,292 $ 54,449 $ 33,759 Development Services 3,242 2,182 9,902 3,955 Corporate 6,940 11,174 12,874 34,029 Capital expenditures $ 34,616 $ 27,648 $ 77,225 $ 71,743 (1) Presented below is a reconciliation of Net income (loss) to Adjusted EBITDA: Three Months Ended Nine Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Net income (loss) $ 31,709 $ (1,397 ) $ 19,276 $ (4,139 ) Interest expense 18,360 27,499 54,429 77,481 Income tax expense (benefit) 11,033 1,247 6,582 (58,150 ) Depreciation expense 20,884 17,839 61,851 56,642 Amortization expense 13,936 29,247 42,873 89,611 Establish public company financial reporting compliance (a) 1,140 555 2,832 3,372 Business transformation and integration costs (b) 4,431 2,466 13,354 21,402 Expenses related to initial public offering (c) 108 4,678 108 6,808 Equity-based compensation (d) 307 14,951 11,826 20,753 Management fees (e) — 748 — 2,096 Adjusted EBITDA $ 101,908 $ 97,833 $ 213,131 $ 215,876 (a) Represents costs incurred to establish public company financial reporting compliance, including costs to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the new revenue recognition standard (ASU 2014-09 – Revenue from Contracts with Customers (b) Business transformation and integration costs consist of (i) severance and related costs; (ii) rebranding of vehicle fleet; (iii) business integration costs and (iv) information technology infrastructure transformation costs and other. (c) Represents expenses incurred for the IPO in fiscal 2018 and subsequent registration statements. (d) Represents equity-based compensation expense recognized for equity incentive plans outstanding, including $7,328 related to the IPO during the nine months ended June 30, 2019. (e) Represents management fees paid pursuant to a monitoring agreement terminated on July 2, 2018 in connection with the completion of the IPO.

Earnings (Loss) Per Share of _2

Earnings (Loss) Per Share of Common Stock (Tables)	9 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator for Basic and Diluted Earnings (loss) Per Share Calculation	Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculation for the periods indicated: Three Months Ended Nine Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Numerator: Net income (loss) available to common stockholders $ 31,709 $ (1,397 ) $ 19,276 $ (4,139 ) Denominator: Weighted average number of common shares outstanding – basic 102,828 77,025 102,705 77,046 Basic earnings (loss) per share $ 0.31 $ (0.02 ) $ 0.19 $ (0.05 ) Weighted average number of common shares outstanding – diluted 102,999 77,025 103,300 77,046 Diluted earnings (loss) per share $ 0.31 $ (0.02 ) $ 0.19 $ (0.05 ) Other Information: Weighted average number of anti-dilutive options and restricted stock 6,356 130 6,406 43

Business and Basis of Present_3

Business and Basis of Presentation - Additional Information (Details) $ / shares in Units, $ in Thousands	Jul. 02, 2018USD ($)$ / sharesshares	Jun. 08, 2018	Sep. 30, 2018USD ($)$ / sharesshares	Jun. 30, 2019USD ($)segment$ / sharesshares	Jun. 30, 2018USD ($)
Business And Basis Of Presentation [Line Items]
Number of reportable segments | segment				2
Repayments of debt				$ 125,370	$ 64,820
Extinguishment of debt, amount	$ 501,100
Common stock, authorized | shares			500,000,000	500,000,000
Preferred Stock, Shares Authorized | shares			50,000,000	50,000,000
Preferred stock, par value | $ / shares			$ 0.01	$ 0.01
Reverse stock split ratio		0.4276
Reverse stock split description				2.33839-for-one reverse stock split of the Company’s common stock.
Reverse stock split effective date		Jun. 8, 2018
MSD Partners
Business And Basis Of Presentation [Line Items]
Termination fee paid			$ 3,438
IPO
Business And Basis Of Presentation [Line Items]
Common stock, shares issued | shares	24,495,000
Initial offering price | $ / shares	$ 22
Net proceeds from the issuance of common stock	$ 501,172
Underwriting discounts and estimated offering expenses	$ 37,717
IPO | Third Amended and Restated Certificate of Incorporation
Business And Basis Of Presentation [Line Items]
Common stock, authorized | shares	500,000,000
Preferred Stock, Shares Authorized | shares	50,000,000
Preferred stock, par value | $ / shares	$ 0.01
IPO | Bright View Holdings | Monitoring Agreement
Business And Basis Of Presentation [Line Items]
Ownership interest in percentage	13.00%
IPO | Second Lien Credit Facility Term Loan Due 2021
Business And Basis Of Presentation [Line Items]
Repayments of debt	$ 110,000
IPO | Revolving Credit Facility
Business And Basis Of Presentation [Line Items]
Repayments of debt	55,000
IPO | First Lien Credit Facility Term Loans
Business And Basis Of Presentation [Line Items]
Repayments of debt	336,100
IPO | Kohlberg Kravis Roberts Capital Markets LLC.
Business And Basis Of Presentation [Line Items]
Underwriting discounts and estimated offering expenses	$ 5,497
IPO | Kohlberg Kravis Roberts Capital Markets LLC. | Monitoring Agreement
Business And Basis Of Presentation [Line Items]
Termination fee paid			$ 7,598
Ownership interest in percentage	55.90%

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Informaiton (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)
Accounting Standards Update 2014-09
New Accounting Pronouncement Early Adoption [Line Items]
Cumulative effect on retained earnings	$ (1,092)

Revenue - Additional Informatio

Revenue - Additional Information (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)
Disaggregation Of Revenue [Line Items]
Revenue, remaining performance obligations, amount	$ 339,352
Contract with customer billed revenue	113,181
Contract with customer unbilled revenue additions	$ 115,653
Revenue, practical expedient, financing component	true
Minimum | Maintenance Services
Disaggregation Of Revenue [Line Items]
Recurring annual contract period	1 year
Maximum | Maintenance Services
Disaggregation Of Revenue [Line Items]
Recurring annual contract period	3 years

Revenue - Schedule of Reportabl

Revenue - Schedule of Reportable Segment Revenues, Disaggregated by Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Net service revenues	$ 657,209	$ 630,330	$ 1,779,859	$ 1,771,800
Operating Segments | Landscape Maintenance
Disaggregation Of Revenue [Line Items]
Net service revenues	486,451	465,668	1,112,596	1,088,785
Operating Segments | Snow Removal
Disaggregation Of Revenue [Line Items]
Net service revenues	5,654	8,913	245,356	252,590
Operating Segments | Maintenance Services
Disaggregation Of Revenue [Line Items]
Net service revenues	492,105	474,581	1,357,952	1,341,375
Operating Segments | Development Services
Disaggregation Of Revenue [Line Items]
Net service revenues	166,319	157,379	424,692	433,620
Eliminations
Disaggregation Of Revenue [Line Items]
Net service revenues	$ (1,215)	$ (1,630)	$ (2,785)	$ (3,195)

Revenue - Additional Informat_2

Revenue - Additional Information (Details 1)	Jun. 30, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-07-01
Disaggregation Of Revenue [Line Items]
Remaining performance obligations, percentage	69.00%
Remaning performance obligations, expected satisfaction period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-07-01
Disaggregation Of Revenue [Line Items]
Remaining performance obligations, percentage	31.00%
Remaning performance obligations, expected satisfaction period	12 months

Revenue - Schedule of Changes i

Revenue - Schedule of Changes in Deferred Revenue (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)
Revenue From Contract With Customer [Abstract]
Balance	$ 72,476
Recognition of revenue	(743,452)
Deferral of revenue	733,651
Balance	$ 62,675

Accounts Receivable - Additiona

Accounts Receivable - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Receivables [Abstract]
Accounts receivable	$ 346,833	$ 317,056
Allowance for doubtful accounts	5,482	5,629
Amounts of retention on incomplete project	$ 38,755	$ 40,215

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Inventory Disclosure [Abstract]
Finished products	$ 7,004	$ 6,913
Semi-finished products	10,191	8,580
Raw materials and supplies	8,044	8,337
Inventories	$ 25,239	$ 23,830

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Property Plant And Equipment [Line Items]
Property and equipment	$ 597,581	$ 544,813
Less: Accumulated depreciation	319,329	288,007
Property and equipment, net	278,252	256,806
Land
Property Plant And Equipment [Line Items]
Property and equipment	54,060	51,490
Building and Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment	40,663	36,275
Operating Equipment
Property Plant And Equipment [Line Items]
Property and equipment	203,135	186,499
Transportation Vehicles
Property Plant And Equipment [Line Items]
Property and equipment	230,746	208,371
Office Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment	62,174	57,976
Construction in Progress
Property Plant And Equipment [Line Items]
Property and equipment	$ 6,803	$ 4,202
Minimum | Building and Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	2 years
Minimum | Operating Equipment
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	2 years
Minimum | Transportation Vehicles
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	3 years
Minimum | Office Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	3 years
Maximum | Building and Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	40 years
Maximum | Operating Equipment
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	7 years
Maximum | Transportation Vehicles
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	7 years
Maximum | Office Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	10 years

Property and Equipment, net - A

Property and Equipment, net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Property Plant And Equipment [Abstract]
Depreciation expense related to property and equipment	$ 20,884	$ 17,839	$ 61,851	$ 56,642

Intangible Assets, Goodwill a_3

Intangible Assets, Goodwill and Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 13,936	$ 29,247	$ 42,873	$ 89,611

Intangible Assets, Goodwill a_4

Intangible Assets, Goodwill and Acquisitions - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 645,744	$ 855,930
Accumulated Amortization	(382,249)	(565,475)
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	638,204	622,710
Accumulated Amortization	$ (380,144)	(337,800)
Customer Relationships | Minimum
Finite Lived Intangible Assets [Line Items]
Useful Life	6 years
Customer Relationships | Maximum
Finite Lived Intangible Assets [Line Items]
Useful Life	21 years
Trademarks
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,800	230,900
Accumulated Amortization	$ (1,583)	(227,520)
Trademarks | Minimum
Finite Lived Intangible Assets [Line Items]
Useful Life	4 years
Trademarks | Maximum
Finite Lived Intangible Assets [Line Items]
Useful Life	12 years
Noncompete Agreements
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,740	2,320
Accumulated Amortization	$ (522)	$ (155)
Noncompete Agreements | Minimum
Finite Lived Intangible Assets [Line Items]
Useful Life	5 years

Intangible Assets, Goodwill a_5

Intangible Assets, Goodwill and Acquisitions - Schedule of Intangible Assets (Parenthetical) (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)
Trademarks
Goodwill [Line Items]
Intangible asset write off	$ 226,100

Intangible Assets, Goodwill a_6

Intangible Assets, Goodwill and Acquisitions - Schedule of Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Goodwill [Line Items]
Beginning balance	$ 1,766,761	$ 1,703,773
Acquisitions	39,781	62,988
Ending balance	1,806,542	1,766,761
Maintenance Services
Goodwill [Line Items]
Beginning balance	1,572,363	1,523,299
Acquisitions	39,781	49,064
Ending balance	1,612,144	1,572,363
Development Services
Goodwill [Line Items]
Beginning balance	194,398	180,474
Acquisitions		13,924
Ending balance	$ 194,398	$ 194,398

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Debt Instrument [Line Items]
Financing costs, net	$ (18,000)	$ (20,046)
Total debt, net	1,156,203	1,154,242
Less: Current portion of long-term debt	10,370	12,963
Long-term debt, net	1,145,833	1,141,279
Series B Term Loan
Debt Instrument [Line Items]
Debt instruments net of original issue discount	1,024,203	1,034,288
Receivables Financing Agreement
Debt Instrument [Line Items]
Debt instruments net of original issue discount	$ 150,000	$ 140,000

Long-Term Debt - Schedule of _2

Long-Term Debt - Schedule of Long-Term Debt (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Series B Term Loan
Debt Instrument [Line Items]
Debt, original issue discount	$ 2,427	$ 2,712

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($)	Aug. 15, 2018	Jul. 02, 2018	Apr. 28, 2017	Dec. 18, 2013	Jun. 30, 2019	Jun. 30, 2018	Sep. 30, 2018	Feb. 21, 2019
Debt Instrument [Line Items]
Debt repayments					$ 125,370,000	$ 64,820,000
Level 2 Inputs
Debt Instrument [Line Items]
Long-term debt, fair value					1,174,062,000		$ 1,182,152,000
Receivables Financing Agreement | Wholly-owned Subsidiary
Debt Instrument [Line Items]
Credit agreement, maximum borrowing capacity			$ 175,000,000					$ 200,000,000
Debt instrument, maturity date			Apr. 27, 2020
Debt voluntary repayment					105,000,000
Line of credit facility, current borrowing					115,000,000
Credit Agreement | First Lien Credit Facility Term Loans
Debt Instrument [Line Items]
Credit agreement date				Dec. 18, 2013
Debt instrument, term				7 years
Credit agreement, maximum borrowing capacity				$ 1,460,000,000
Debt repayments							347,050,000
Credit Agreement | First Lien Credit Facility Term Loans | Contractual Repayments
Debt Instrument [Line Items]
Debt repayments							10,950,000
Credit Agreement | First Lien Credit Facility Term Loans | Voluntary Repayments | IPO
Debt Instrument [Line Items]
Debt repayments							336,100,000
Credit Agreement | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term				5 years
Credit agreement, maximum borrowing capacity				$ 210,000,000
Amended Credit Agreement | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term	5 years
Credit agreement, maximum borrowing capacity	$ 260,000,000
Amended Credit Agreement | Series B Term Loan
Debt Instrument [Line Items]
Debt instrument, term	7 years
Credit agreement, maximum borrowing capacity	$ 1,037,000,000
Debt repayments					10,370,000
Debt instrument, original discount	$ 2,775,000
Debt instrument, basis spread on variable rate	2.50%
Revolving Credit Facility | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Credit agreement, maximum borrowing capacity					210,000,000
Line of credit facility, amount outstanding balance							$ 0
Revolving Credit Facility | IPO
Debt Instrument [Line Items]
Debt repayments		$ 55,000,000
Revolving Credit Facility | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Credit agreement, maximum borrowing capacity	$ 260,000,000
Debt repayments					10,000,000
Debt instrument, maturity date	Aug. 15, 2023
Line of credit facility, amount outstanding balance					$ 0
Revolving Credit Facility | First Lien Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
Revolving Credit Facility | First Lien Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%

Long-Term Debt - Scheduled Matu

Long-Term Debt - Scheduled Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Debt Disclosure [Abstract]
2020	$ 10,370
2021	10,370
2022	160,370
2023	10,370
2024 and thereafter	985,150
Total long-term debt	1,176,630
Less: Current maturities	10,370	$ 12,963
Less: Original issue discount	2,427
Less: Financing costs	18,000
Long-term debt, net	$ 1,145,833	$ 1,141,279

Fair Value Measurements and D_3

Fair Value Measurements and Derivatives Instruments - Additional Information (Details) - USD ($)	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Interest Rate Contracts
Derivative [Line Items]
Notional amount	$ 1,000,000,000	$ 1,560,000,000
Interest Rate Swaps
Derivative [Line Items]
Net deferred losses on interest rate swap net of taxes expected to be recognized over the next 12 months	$ 8,722,000
Maximum
Derivative [Line Items]
Percentage of participants compensation deferred	70.00%

Fair Value Measurements and D_4

Fair Value Measurements and Derivatives Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Carrying Value | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	$ 11,388	$ 12,517
Carrying Value | Accrued Expenses and Other Current Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	8,921	3,441
Carrying Value | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	30,860	28,056
Carrying Value | Other Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	10,551	12,098
Investment Held by Rabbi Trust | Carrying Value | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	11,388	12,517
Investment Held by Rabbi Trust | Carrying Value | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	11,388	12,517
Level 1 | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	11,388	12,517
Level 1 | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	11,388	12,517
Level 1 | Investment Held by Rabbi Trust | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	11,388	12,517
Level 1 | Investment Held by Rabbi Trust | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	11,388	12,517
Level 2 Inputs | Accrued Expenses and Other Current Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	8,921	3,441
Level 2 Inputs | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	19,472	15,539
Level 2 Inputs | Other Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	$ 10,551	$ 12,098

Fair Value Measurements and D_5

Fair Value Measurements and Derivatives Instruments - Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges (Details) - Interest Rate Swaps - Cash Flow Hedges - Designated - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments Gain Loss [Line Items]
(Loss) income recognized in Other comprehensive income (loss)	$ (3,745)	$ 2,045	$ (9,820)	$ 9,127
Interest Expense
Derivative Instruments Gain Loss [Line Items]
Net loss reclassified from Accumulated other comprehensive loss into Interest expense	$ (2,199)	$ (2,513)	$ (5,634)	$ (7,344)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S. corporate income tax rate	21.00%		21.00%	35.00%
Blended corporate tax rate			24.50%
Decrease in tax provision due to revaluation of net deferred tax liability		$ (41,367)
Effective tax rate excluding revaluation of deferred taxes		29.00%

Income Taxes- Summary of Income

Income Taxes- Summary of Income Tax Benefit and Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ 42,742	$ (150)	$ 25,858	$ (62,289)
Income tax expense (benefit)	$ 11,033	$ 1,247	$ 6,582	$ (58,150)
Effective income tax rate	25.80%		25.50%	93.40%

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 03, 2019	Nov. 28, 2018	Jun. 30, 2019	Oct. 22, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options issued to holders of units, weighted average exercise price	$ 16.86	$ 13.49
Stock options weighted average grant date fair value	$ 6.84	$ 5.85
Non-cash equity-based compensation expense over the requisite service period	$ 875	$ 6,091
Unamortized value of outstanding stock-based compensation			$ 46,961
Unamortized value of outstanding stock-based compensation, weighted average remaining life			1 year 7 months 6 days
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock shares available for sale				1,100,000
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issued shares of common stock		492,000
Vesting period		4 years
Weighted average exercise price		$ 13.49
Non-cash equity-based compensation expense over the requisite service period		$ 6,156
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issued shares of common stock	152,000
Vesting period	4 years
Weighted average exercise price	$ 16.86
Non-cash equity-based compensation expense over the requisite service period	$ 2,379
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years	4 years
Stock options issued to holders of units	138,000	1,123,000

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of Total Equity-Based Compensation Expense (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Total equity-based compensation expense recognized	[1]	$ 307	$ 14,951	$ 11,826	$ 20,753
[1]	Represents equity-based compensation expense recognized for equity incentive plans outstanding, including $7,328 related to the IPO during the nine months ended June 30, 2019.

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Commitments And Contingencies [Line Items]
Reserve for unpaid and incurred but not reported claims, amount	$ 126,178	$ 127,937
Reserve for unpaid and incurred but not reported claims, classified in current liabilities	40,283	34,537
Reserve for unpaid and incurred but not reported claims, classified in non-current liabilities	85,895	93,400
Claims recoverable from third party insurance carriers	34,192
Other Current Assets
Commitments And Contingencies [Line Items]
Claims recoverable from third party insurance carriers	6,926	17,462
Other Assets
Commitments And Contingencies [Line Items]
Claims recoverable from third party insurance carriers	$ 27,266	$ 19,558

Segments - Additional Informati

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

Segments - Summary of Certain F

Segments - Summary of Certain Financial Data For Each of Segments (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net service revenues		$ 657,209	$ 630,330	$ 1,779,859	$ 1,771,800
Adjusted EBITDA	[1]	101,908	97,833	213,131	215,876
Capital expenditures		34,616	27,648	77,225	71,743
Net income (loss)		31,709	(1,397)	19,276	(4,139)
Interest expense		18,360	27,499	54,429	77,481
Income tax expense (benefit)		11,033	1,247	6,582	(58,150)
Depreciation expense		20,884	17,839	61,851	56,642
Amortization expense		13,936	29,247	42,873	89,611
Establish public company financial reporting compliance	[2]	1,140	555	2,832	3,372
Business transformation and integration costs	[3]	4,431	2,466	13,354	21,402
Expenses related to initial public offering	[4]	108	4,678	108	6,808
Equity-based compensation	[5]	307	14,951	11,826	20,753
Management fees	[6]		748		2,096
Corporate
Segment Reporting Information [Line Items]
Adjusted EBITDA	[1]	(16,196)	(15,469)	(46,687)	(49,649)
Capital expenditures		6,940	11,174	12,874	34,029
Operating Segments | Maintenance Services
Segment Reporting Information [Line Items]
Net service revenues		492,105	474,581	1,357,952	1,341,375
Adjusted EBITDA	[1]	91,138	91,349	204,800	210,241
Capital expenditures		24,434	14,292	54,449	33,759
Operating Segments | Development Services
Segment Reporting Information [Line Items]
Net service revenues		166,319	157,379	424,692	433,620
Adjusted EBITDA	[1]	26,966	21,953	55,018	55,284
Capital expenditures		3,242	2,182	9,902	3,955
Eliminations
Segment Reporting Information [Line Items]
Net service revenues		$ (1,215)	$ (1,630)	$ (2,785)	$ (3,195)
[1]	Presented below is a reconciliation of Net income (loss) to Adjusted EBITDA:
[2]	Represents costs incurred to establish public company financial reporting compliance, including costs to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the new revenue recognition standard (ASU 2014-09 – Revenue from Contracts with Customers) and other miscellaneous costs.
[3]	Business transformation and integration costs consist of (i) severance and related costs; (ii) rebranding of vehicle fleet; (iii) business integration costs and (iv) information technology infrastructure transformation costs and other.
[4]	Represents expenses incurred for the IPO in fiscal 2018 and subsequent registration statements.
[5]	Represents equity-based compensation expense recognized for equity incentive plans outstanding, including $7,328 related to the IPO during the nine months ended June 30, 2019.
[6]	Represents management fees paid pursuant to a monitoring agreement terminated on July 2, 2018 in connection with the completion of the IPO.

Segments - Summary of Certain_2

Segments - Summary of Certain Financial Data For Each of Segments ( Paranthetical) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total equity-based compensation expense recognized	[1]	$ 307	$ 14,951	$ 11,826	$ 20,753
IPO
Segment Reporting Information [Line Items]
Total equity-based compensation expense recognized				$ 7,328
[1]	Represents equity-based compensation expense recognized for equity incentive plans outstanding, including $7,328 related to the IPO during the nine months ended June 30, 2019.

Earnings (Loss) Per Share of _3

Earnings (Loss) Per Share of Common Stock - Reconciliation of Numerator and Denominator for Basic and Diluted Earnings (loss) Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income (loss) available to common stockholders	$ 31,709	$ (1,397)	$ 19,276	$ (4,139)
Weighted average number of common shares outstanding – basic	102,828	77,025	102,705	77,046
Basic earnings (loss) per share	$ 0.31	$ (0.02)	$ 0.19	$ (0.05)
Weighted average number of common shares outstanding – diluted	102,999	77,025	103,300	77,046
Diluted earnings (loss) per share	$ 0.31	$ (0.02)	$ 0.19	$ (0.05)
Weighted average number of anti-dilutive options and restricted stock	6,356	130	6,406	43