Advantage Solutions (ADV) 10-Q 10 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 09, 2022
Document Information [Line Items]
Entity Registrant Name	Advantage Solutions Inc.
Entity Central Index Key	0001776661
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Quarterly Report	true
Document Transition Report	false
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity File Number	001-38990
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	DE
Entity Common Stock, Shares Outstanding		318,408,933
Entity Tax Identification Number	83-4629508
Title of 12(b) Security	Class A common stock, $0.0001 par value per share
Trading Symbol	ADV
Security Exchange Name	NASDAQ
Entity Address, Address Line One	15310 Barranca Parkway
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92618
City Area Code	949
Local Phone Number	797-2900
Warrant [Member]
Document Information [Line Items]
Title of 12(b) Security	Warrants exercisable for one share of Class A common stock at an exercise price of $11.50 per share
Trading Symbol	ADVWW
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 123,560	$ 164,622
Restricted cash	17,381	16,015
Accounts receivable, net of allowance for expected credit losses of $14,730 and $15,916, respectively	776,760	797,677
Prepaid expenses and other current assets	189,702	126,000
Total current assets	1,107,403	1,104,314
Property and equipment, net	66,961	63,696
Goodwill	2,204,046	2,206,004
Other intangible assets, net	2,237,132	2,287,514
Investments in unconsolidated affiliates	126,886	125,158
Other assets	96,598	67,582
Total assets	5,839,026	5,854,268
Current liabilities
Current portion of long-term debt	14,955	14,397
Accounts payable	220,052	277,366
Accrued compensation and benefits	140,478	139,157
Other accrued expenses	176,502	164,133
Deferred revenues	52,543	50,467
Total current liabilities	604,530	645,520
Long-term debt, net of current portion	2,027,650	2,028,882
Deferred income tax liabilities	489,873	483,165
Warrant liability	6,747	22,189
Other long-term liabilities	105,607	92,218
Total liabilities	3,234,407	3,271,974
Redeemable noncontrolling interest	1,849	1,893
Commitments And Contingencies (Note 9)
Equity attributable to stockholders of Advantage Solutions Inc.
Common stock, $0.0001 par value, 3,290,000,000 shares authorized; 318,393,829 and 316,963,552 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	32	32
Additional paid in capital	3,379,350	3,373,278
Accumulated deficit	(847,642)	(866,607)
Loans to Karman Topco L.P.	(6,345)	(6,340)
Accumulated other comprehensive (loss) income	(3,090)	(4,479)
Treasury stock, at cost; 1,610,014 shares as of March 31, 2022 and December 31, 2021	(12,567)	(12,567)
Total equity attributable to stockholders of Advantage Solutions Inc.	2,509,738	2,483,317
Nonredeemable noncontrolling interest	93,032	97,084
Total stockholders' equity	2,602,770	2,580,401
Total liabilities, redeemable noncontrolling interest, and stockholders' equity	$ 5,839,026	$ 5,854,268

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts receivable, net of allowances	$ 14,730	$ 15,916
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common stock, shares authorized	3,290,000,000	3,290,000,000
Common stock, shares issued	318,393,829	316,963,552
Common stock, shares outstanding	318,393,829	316,963,552
Treasury Stock, Common, Shares	1,610,014	1,610,014

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues	$ 914,808	$ 791,021
Cost of revenues (exclusive of depreciation and amortization shown separately below)	785,943	653,339
Selling, general, and administrative expenses	48,073	40,481
Depreciation and amortization	57,768	59,613
Total operating expenses	891,784	753,433
Operating income	23,024	37,588
Other (income) expenses:
Change in fair value of warrant liability	(15,442)	5,526
Interest expense, net	11,883	30,865
Total other (income) expenses	3,559	(36,391)
Income before income taxes	26,583	1,197
Provision for income taxes	9,049	1,743
Net income (loss)	17,534	(546)
Less: net income attributable to noncontrolling interest	(1,431)	(430)
Net income (loss) attributable to stockholders of Advantage Solutions Inc.	18,965	(116)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	1,389	(2,420)
Total comprehensive income (loss) attributable to stockholders of Advantage Solutions Inc.	$ 20,354	$ (2,536)
Net income (loss) per common share:
Basic	$ 0.06	$ 0
Diluted	$ 0.06	$ 0
Weighted-average number of common shares:
Basic	317,784,656	317,601,345
Diluted	318,721,082	317,601,345

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Loans to Parent	Accumulated Other Comprehensive Income (Loss)	Advantage Solutions Inc. Stockholders' Equity	Nonredeemable noncontrolling Interests
Balance at Dec. 31, 2020	$ 2,518,789	$ 32		$ 3,348,546	$ (921,101)	$ (6,316)	$ 674	$ 2,421,835	$ 96,954
Balance, Shares at Dec. 31, 2020		318,425,182
Net income (loss)	(546)				(116)			(116)	(430)
Foreign currency translation adjustments	(3,130)						(2,420)	(2,420)	(710)
Total comprehensive income (loss)	(3,676)							(2,536)	(1,140)
Loans to Karman Topco L.P.	(6)					(6)		(6)
Equity-based compensation of Topco	(4,049)			(4,049)				4,049
Shares issued under 2020 Incentive Award Plan, Shares		24,784
Stock-based compensation expense				9,886				9,886
Balance at Mar. 31, 2021	2,520,944	$ 32		3,354,383	(921,217)	(6,322)	(1,746)	2,425,130	95,814
Balance, Shares at Mar. 31, 2021		318,449,966
Balance at Dec. 31, 2021	2,580,401	$ 32	$ (12,567)	3,373,278	(866,607)	(6,340)	(4,479)	2,483,317	97,084
Balance, Shares at Dec. 31, 2021		316,963,552	1,610,014
Net income (loss)	17,524				18,965			18,965	(1,441)
Foreign currency translation adjustments	(1,222)						1,389	1,389	(2,611)
Total comprehensive income (loss)	16,302							20,354	(4,052)
Loans to Karman Topco L.P.	(5)					(5)		(5)
Equity-based compensation of Topco	(2,795)			(2,795)				(2,795)
Shares issued under Employee Stock Purchase Plan	1,653			1,653				1,653
Shares issued under Employee Stock Purchase Plan, Shares		242,427
Shares issued under 2020 Incentive Award Plan, Shares		1,187,850
Stock-based compensation expense	7,214			7,214				7,214
Balance at Mar. 31, 2022	$ 2,602,770	$ 32	$ (12,567)	$ 3,379,350	$ (847,642)	$ (6,345)	$ (3,090)	$ 2,509,738	$ 93,032
Balance, Shares at Mar. 31, 2022		318,393,829	1,610,014

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 17,534	$ (546)
Adjustments to reconcile net loss to net cash provided by operating activities
Noncash interest expense, net	(18,704)	(3,084)
Depreciation and amortization	57,768	59,613
Change in fair value of warrant liability	(15,442)	5,526
Fair value adjustments related to contingent consideration	2,134	(584)
Deferred income taxes	7,235	1,793
Equity-based compensation of Topco	(2,795)	(4,049)
Stock-based compensation	7,771	9,886
Equity in earnings of unconsolidated affiliates	(4,181)	(1,513)
Distribution received from unconsolidated affiliates	0	150
Loss on disposal of property and equipment	0	1,566
Loss On Divestiture	2,850	0
Changes in operating assets and liabilities, net of effects from purchases of businesses:
Accounts receivable, net	18,931	(781)
Prepaid expenses and other assets	(69,356)	(25,916)
Accounts payable	(56,898)	(7,779)
Accrued compensation and benefits	1,808	(18,349)
Deferred revenues	2,446	2,538
Other accrued expenses and other liabilities	24,944	11,416
Net cash provided by operating activities	(23,955)	29,887
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of businesses, net of cash acquired	(1,800)	(14,034)
Purchase of property and equipment	(10,439)	(5,247)
Net cash used in investing activities	(12,239)	(19,281)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under lines of credit	9,337	8,773
Payments on lines of credit	(8,967)	(59,604)
Principal payments on long-term debt	(3,325)	(3,510)
Proceeds from issuance of common stock	1,653	0
Holdback payments	(715)	(173)
Net cash used in financing activities	(2,017)	(54,514)
Net effect of foreign currency changes on cash	(1,485)	(2,234)
Net change in cash, cash equivalents and restricted cash	(39,696)	(46,142)
Cash, cash equivalents and restricted cash, beginning of period	180,637	219,966
Cash, cash equivalents and restricted cash, end of period	140,941	173,824
SUPPLEMENTAL CASH FLOW INFORMATION
Purchase of property and equipment recorded in accounts payable and accrued expenses	$ 1,403	$ 869

Organization and Significant Ac

Organization and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Significant Accounting Policies	1. Organization and Significant Accounting Policies Advantage Solutions Inc. (“Advantage” or the “Company”) is a provider of outsourced solutions to consumer goods companies and retailers. The Company’s Class A common stock is listed on the Nasdaq Global Select Market under the symbol “ADV” and warrants to purchase the Class A common stock at an exercise price of $ 11.50 per share are listed on the Nasdaq Global Select Market under the symbol “ADVWW”. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. The unaudited condensed consolidated financial statements do not include all of the information required by accounting principles generally accepted in the United States (“GAAP”). The Condensed Consolidated Balance Sheet at December 31, 2021 was derived from the audited Consolidated Balance Sheet at that date and does not include all the disclosures required by GAAP. In the opinion of management, all adjustments which are of a normal recurring nature and necessary for a fair statement of the results as of March 31, 2022 and for the three months ended March 31, 2022 and 2021 have been reflected in the condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2021 and the related footnotes thereto. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period. COVID-19 Pandemic Beginning in March 2020 and continuing through the first quarter of 2021, the Company's services experienced the effects from reductions in client spending due to the economic impact related to the COVID-19 pandemic. While mixed by services and geography, the spending reductions impacted all of the Company's services and markets. Globally, the most impacted services were the Company's experiential services. Most services began to recover in April 2021, and the recovery has continued through the first quarter of 2022. Impact of the War in Ukraine The Company has a minority interest in a European company that has majority-ownership interests in local agencies in Russia. During the first quarter of 2022, the war in Ukraine resulted in the imposition of sanctions by the United States, the United Kingdom, and the European Union, that affect the cross-border operations of businesses operating in Russia. In addition, Russian regulators have imposed currency restrictions and regulations that created uncertainty regarding the Company's ability to recover its investment in operations in Russia, as well as the Company's ability to exercise control or influence involving operations by the local agencies in Russia. As a result, the Company intends to use its influence to cause the European company to dispose of its ownership interests in the local agencies in Russia. Accordingly, the Company recorded pretax charges of $ 2.8 million in the first quarter of 2022, primarily consisting of its proportionate share of the net investment in its Russian interest in “Selling, general, and administrative expenses” in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) . Recent Accounting Standards Recent Accounting Standards Adopted by the Company On January 1, 2022, the Company adopted Accounting Standards Update ("ASU") No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”) , which simplifies accounting for convertible instruments by removing major separation models required under current GAAP, simplifies the contract settlement assessment for equity classification, requires the use of the if-converted method for all convertible instruments in the diluted earnings per share calculation and expands disclosure requirements. The adoption of this accounting standard, under the full retrospective method, did not have a material impact on the Company's condensed consolidated financial statements and use of the if-converted method did not have an impact on the Company's overall earnings per share calculation. On January 1, 2022, the Company adopted ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force) . The guidance clarifies certain aspects of the current guidance to promote consistency among reporting of an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (for example, warrants) that remain equity classified after modification or exchange. The guidance is applied prospectively to all modifications or exchanges that occur on or after the date of adoption and the adoption of this accounting standard did not have a material impact on the Company's condensed consolidated financial statements. On January 1, 2022, the Company adopted ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance . This update requires annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. The amendments should be applied either (1) prospectively to all transactions within the scope of the amendments that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or (2) retrospectively to those transactions. The adoption of this accounting standard did not have a material impact on the Company's condensed consolidated financial statements. Accounting Standards Recently Issued but Not Yet Adopted by the Company In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . This guidance provides optional expedients and exceptions for GAAP to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate if certain criteria are met. The amendments in this update are effective for reporting periods that include or are subsequent to March 12, 2020 and must be applied prospectively to contract modifications and hedging relationships through December 31, 2022. The Company continues to evaluate the impact of this guidance and may apply other applicable elections as additional changes in the market occur. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 606): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 as if it had originated the contracts. Generally, this should result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements, if the acquiree prepared financial statements in accordance with GAAP. The amendment in this update is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The guidance should be applied prospectively to business combinations occurring on or after the effective date of the amendment in this update. The Company is evaluating the potential impact of this adoption on its consolidated financial statements. All other new accounting pronouncements issued, but not yet effective or adopted have been deemed to be not relevant to the Company and, accordingly, are not expected to have a material impact once adopted.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	2. Revenue Recognition The Company recognizes revenue when control of promised goods or services are transferred to the client in an amount that reflects the consideration that the Company expects to be entitled to in exchange for such goods or services. Substantially all of the Company’s contracts with clients involve the transfer of a service to the client, which represents a performance obligation that is satisfied over time because the client simultaneously receives and consumes the benefits of the services provided. In most cases, the contracts consist of a performance obligation that is comprised of a series of distinct services that are substantially the same and that have the same pattern of transfer (i.e., distinct days of service). For these contracts, the Company allocates the ratable portion of the consideration based on the services provided in each period of service to such period. Revenues related to the sales segment are primarily recognized in the form of commissions, fee-for-service, or on a cost-plus basis for providing headquarter relationship management, analytics, insights and intelligence services, administrative services, retail merchandising services, retailer client relationships and in-store media programs, and digital technology solutions (which include business intelligence solutions, e-commerce services, and content services). Marketing segment revenues are primarily recognized in the form of fee-for-service (including retainer fees, fees charged to clients based on hours incurred, project-based fees, or fees for executing in-person consumer engagements or experiences, which engagements or experiences the Company refers to as “events”), commissions, or on a cost-plus basis for providing experiential marketing, shopper and consumer marketing services, private label development and digital, social, and media services. The Company disaggregates revenues from contracts with clients by reportable segment. Revenues within each segment are further disaggregated between brand-centric services and retail-centric services. Brand-centric services are centered on providing solutions to support manufacturers’ sales and marketing strategies. Retail-centric services are centered on providing solutions to retailers. Disaggregated revenues were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Sales brand-centric services $ 329,356 $ 293,531 Sales retail-centric services 262,613 240,793 Total sales revenues 591,969 534,324 Marketing brand-centric services 113,574 116,982 Marketing retail-centric services 209,265 139,715 Total marketing revenues 322,839 256,697 Total revenues $ 914,808 $ 791,021 Contract liabilities represent deferred revenues which are cash payments that are received in advance of the Company’s satisfaction of the applicable obligation and are included in Deferred revenues in the Condensed Consolidated Balance Sheets. Deferred revenues are recognized as revenues when the related services are performed for the client. Revenues recognized during t he three months ended March 31, 2022 that were included in Deferred revenues as of December 31, 2021 were $ 21.6 million . Revenues recognized during the three months ended March 31, 2021 that were included in Deferred revenues as of December 31, 2020 were $ 26.1 million.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	. Goodwill and Intangible Assets Changes in goodwill for the three months ended March 31, 2022 are as follows: Sales Marketing Total (in thousands) Balance at January 1, 2021 $ 1,462,378 $ 700,961 $ 2,163,339 Acquisitions 32,087 13,315 45,402 Measurement period adjustments 179 ( 1,043 ) ( 864 ) Foreign exchange translation effects ( 1,873 ) — ( 1,873 ) Balance at December 31, 2021 $ 1,492,771 $ 713,233 $ 2,206,004 Acquisitions 347 — 347 Measurement period adjustments 52 — 52 Foreign exchange translation effects ( 2,357 ) — ( 2,357 ) Balance at March 31, 2022 $ 1,490,813 $ 713,233 $ 2,204,046 Accumulated impairment losses related to goodwill were $ 652.0 million as of March 31, 2022 and 2021. The following tables set forth information for intangible assets: March 31, 2022 (amounts in thousands) Weighted Average Useful Life Gross Carrying Accumulated Net Carrying Finite-lived intangible assets: Client relationships 14 years $ 2,479,182 $ 1,203,811 $ 1,275,371 Trade names 9 years 137,544 81,087 56,457 Developed technology 5 years 13,260 8,825 4,435 Covenant not to compete 5 years 6,100 5,231 869 Total finite-lived intangible assets 2,636,086 1,298,954 1,337,132 Indefinite-lived intangible assets: Trade names 900,000 — 900,000 Total other intangible assets $ 3,536,086 $ 1,298,954 $ 2,237,132 December 31, 2021 (amounts in thousands) Weighted Average Useful Life Gross Carrying Accumulated Net Carrying Finite-lived intangible assets: Client relationships 14 years $ 2,480,167 $ 1,158,732 $ 1,321,435 Trade names 8 years 138,206 78,355 59,851 Developed technology 5 years 13,260 8,206 5,054 Covenant not to compete 5 years 6,100 4,926 1,174 Total finite-lived intangible assets 2,637,733 1,250,219 1,387,514 Indefinite-lived intangible assets: Trade names 900,000 — 900,000 Total other intangible assets $ 3,537,733 $ 1,250,219 $ 2,287,514 Accumulated impairment losses related to indefinite-lived intangibles assets were $ 580.0 million as of March 31, 2022 and December 31, 2021. Amortization expense was $ 50.3 million and $ 49.4 million for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, estimated future amortization expenses of the Company’s existing intangible assets are as follows: (in thousands) Remainder of 2022 $ 148,570 2023 195,306 2024 193,928 2025 187,863 2026 183,833 Thereafter 427,632 Total amortization expense $ 1,337,132

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	. Debt March 31, December 31, (in thousands) 2022 2021 Term Loan Facility $ 1,308,438 $ 1,311,750 Notes 775,000 775,000 Government loans for COVID-19 relief 4,943 5,212 Other 1,758 1,113 Total long-term debt 2,090,139 2,093,075 Less: current portion 14,955 14,397 Less: debt issuance costs 47,534 49,796 Long-term debt, net of current portion $ 2,027,650 $ 2,028,882 As of March 31, 2022, the Company had $ 1.3 billion of debt outstanding under the Term Loan Facility (as defined below in this Quarterly Report) and $ 775.0 million of debt outstanding under the Notes (as defined below in this Quarterly Report) with maturity dates of October 28, 2027 and November 15, 2028 , respectively. The Company was in compliance with all of its affirmative and negative covenants under the Term Loan Facility and Notes as of March 31, 2022. In addition, the Company is required to repay the principal under the Term Loan Facility in the greater amount of its excess cash flow, as such term is defined in the agreement governing the Term Loan Facility, or $ 13.3 million, per annum, in quarterly payments. The Company made the minimum quarterly principal payments of $ 3.3 million during the three months ended March 31, 2022 and 2021, respectively. No payments under the excess cash flow calculation were required in such periods.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	5. Fair Value of Financial Instruments The Company measures fair value based on the prices that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based on a three-tier hierarchy that prioritizes the inputs used to measure fair value. These tiers include: Level 1, defined as observable inputs, such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions. The following table sets forth the Company’s financial assets and liabilities measured on a recurring basis at fair value, categorized by input level within the fair value hierarchy. March 31, 2022 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets measured at fair value Derivative financial instruments $ 31,197 $ — $ 31,197 $ — Total assets measured at fair value $ 31,197 $ — $ 31,197 $ — Liabilities measured at fair value Warrant liability $ 6,747 $ — $ 6,747 $ — Contingent consideration liabilities 60,904 — — 60,904 Total liabilities measured at fair value $ 67,651 $ — $ 6,747 $ 60,904 December 31, 2021 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets measured at fair value Derivative financial instruments $ 10,164 $ — $ 10,164 $ — Total assets measured at fair value $ 10,164 $ — $ 10,164 $ — Liabilities measured at fair value Derivative financial instruments $ 385 $ — $ 385 $ — Warrant liability 22,189 — — 22,189 Contingent consideration liabilities 58,366 — — 58,366 Total liabilities measured at fair value $ 80,940 $ — $ 385 $ 80,555 Interest Rate Cap Agreements The Company had interest rate cap contracts with an aggregate notional value of principal of $ 650.0 million and $ 2.2 billion as of March 31, 2022 and December 31, 2021, respectively, from various financial institutions to manage the Company’s exposure to interest rate movements on variable rate credit facilities. As of March 31, 2022, the aggregate fair value of the Company’s outstanding interest rate caps represented an outstanding net asset of $ 31.2 million. As of December 31, 2021, the aggregate fair value of the Company’s outstanding interest rate caps represented an outstanding net asset of $ 10.2 million and an outstanding net liability of $ 0.4 million. As of March 31, 2022, $ 31.2 million of fair value of the Company’s outstanding interest rate caps were included in “Prepaid expenses and other current assets” in the Condensed Consolidated Balance Sheets with changes in fair value recognized as a component of “Interest expense, net” in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). As of December 31, 2021, $ 10.2 million and $ 0.4 million of the Company’s fair value of outstanding interest rate caps were included in “Prepaid expenses and other current assets” and “Other accrued expenses” in the Consolidated Balance Sheets, respectively, with changes in fair value recognized as a component of “Interest expense, net” in the Consolidated Statements of Operations and Comprehensive Income (Loss). During the three months ended March 31, 2022 and 2021, the Company recorded a gain of $ 21.0 million and $ 5.4 million, respectively, within Interest expense, net, related to changes in the fair value of its derivative instruments. Forward Contracts As of March 31, 2022, the Company had open euro forward contracts to hedge foreign currency exposure on a total of € 17.4 million with maturities in fiscal year 2022. As of December 31, 2021, the Company had no open euro forward contracts. During the three months ended March 31, 2022 and 2021, the changes in fair value of the forward contracts were immaterial for both periods. Warrant Liability As of March 31, 2022 and December 31, 2021, 7,333,333 private placement warrants, which were owned by Conyers Park II Sponsor LLC (“CP Sponsor”), remained outstanding at fair value of $ 6.7 million and $ 22.2 million, respectively. The warrant liability was remeasured to fair value with adjustment of $ 15.4 million and $ 5.5 million reflected in “Change in fair value of warrant liability” in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) during the three months ended March 31, 2022 and 2021, respectively. The warrant liability is stated at fair value at each reporting period with the change in fair value recorded on the Consolidated Statement of Operations and Comprehensive Income (Loss) until the warrants are exercised, expire or other facts and circumstances lead the warrant liability to be reclassified as an equity instrument. The Company previously valued its private placement warrants using a Black-Scholes Model. The private placement warrants were classified as Level 3 at the initial measurement date due to the use of unobservable inputs. They are now Level 2. As of March 31, 2022, based on the period of time the public warrants have now been trading, the Company determined the fair value of the liability classified private placement warrants by approximating the value with the share price of the public warrants as of March 31, 2022, which is inherently less subjective and judgmental given it is based on observable inputs. Therefore, the value of the private placement warrants are now measured at an indirectly observable quoted price in active markets for the public warrants. Transfers to/from Levels 1, 2 and 3 are recognized at the end of the reporting period in which a change in valuation technique or methodology occurs. Contingent Consideration Liabilities Each reporting period, the Company measures the fair value of its contingent liabilities by evaluating the significant unobservable inputs and probability weightings using Monte Carlo simulations. Any resulting decreases or increases in the fair value result in a corresponding gain or loss reported in “Selling, general, and administrative expenses” in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). As of March 31, 2022, the maximum potential payment outcomes were $ 283.7 million. The following table summarizes the changes in the carrying value of estimated contingent consideration liabilities: March 31, (in thousands) 2022 2021 Beginning of the period $ 58,366 $ 45,901 Fair value of acquisitions 510 2,692 Changes in fair value 2,134 ( 584 ) Measurement period adjustments — ( 1,181 ) Foreign exchange translation effects ( 106 ) 13 End of the period $ 60,904 $ 46,841 Long-term Debt The following table sets forth the carrying values and fair values of the Company’s financial liabilities measured on a recurring basis, categorized by input level within the fair value hierarchy: (in thousands) Carrying Value Fair Value Balance at March 31, 2022 Term Loan Facility $ 1,308,438 $ 1,396,921 Notes 775,000 841,581 Government loans for COVID-19 relief 4,943 5,246 Other 1,758 1,758 Total long-term debt $ 2,090,139 $ 2,245,506 (in thousands) Carrying Value Fair Value Balance at December 31, 2021 Term Loan Facility $ 1,311,750 $ 1,406,552 Notes 775,000 894,611 Government loans for COVID-19 relief 5,212 5,615 Other 1,113 1,113 Total long-term debt $ 2,093,075 $ 2,307,891

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	. Related Party Transactions Overlapping Directors Nine members of the board of directors of the Company serve as a member of the board of directors of eight clients of the Company. The information below details the Company’s financial relationships with those clients as of and for the periods indicated: Revenues Accounts Receivable March 31, As of March 31, As of December 31, (in thousands) 2022 2021 2022 2021 Client 1 $ 375 $ — $ 151 $ 176 Client 2 134 217 138 190 All other clients 351 2,761 196 170 Total $ 860 $ 2,978 $ 485 $ 536 Investment in Unconsolidated Affiliates During the three months ended March 31, 2022 and 2021, the Company recognized revenues of $ 3.8 million and $ 4.7 million, respectively, from a parent company of an unconsolidated affiliate. Accounts receivable from this client were $ 2.0 million and $ 2.4 million as of March 31, 2022 and December 31, 2021, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	. Income Taxes The Company’s effective tax rates were 34.0 % and 145.6 % for the three months ended March 31, 2022 and 2021, respectively. The effective tax rate is based upon the estimated income or loss before taxes for the year, by jurisdiction, and adjusted for estimated permanent tax adjustments. The fluctuation in the Company’s effective tax rate was primarily due to the three month pretax book income differences and the application of the shortfall of $ 1.1 million of stock-based compensation for the three months ended March 31, 2022.

Segments

Segments	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segments	8. Segments The Company’s operations are organized into two reportable segments: sales and marketing. The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the chief operating decision maker (i.e., the Company’s Chief Executive Officer) in deciding how to allocate resources and in assessing performance. Through the Company’s sales segment, the Company serves as a strategic intermediary between consumer goods manufacturers and retailer partners and performs critical merchandizing services on behalf of both consumer goods manufacturers and retail partners. Through the Company’s marketing segment, the Company develops and executes marketing programs for manufacturers and retailers. These reportable segments are organized by the types of services provided, similar economic characteristics, and how the Company manages its business. The assets and liabilities of the Company are managed centrally and are reported internally in the same manner as the consolidated financial statements; therefore, no additional information is produced or included herein. The Company and its chief operating decision maker evaluate performance based on revenues and operating income. (in thousands) Sales Marketing Total Three Months Ended March 31, 2022 Revenues $ 591,969 $ 322,839 $ 914,808 Depreciation and amortization $ 40,969 $ 16,799 $ 57,768 Operating income $ 18,973 $ 4,051 $ 23,024 Three Months Ended March 31, 2021 Revenues $ 534,324 $ 256,697 $ 791,021 Depreciation and amortization $ 42,564 $ 17,049 $ 59,613 Operating income $ 35,148 $ 2,440 $ 37,588

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Litigation The Company is involved in various legal matters that arise in the ordinary course of its business. Some of these legal matters purport or may be determined to be class and/or representative actions, or seek substantial damages, or penalties. The Company has accrued amounts in connection with certain legal matters, including with respect to certain of the matters described below. There can be no assurance, however, that these accruals will be sufficient to cover such matters or other legal matters or that such matters or other legal matters will not materially or adversely affect the Company’s financial position, liquidity, or results of operations. Employment Matters The Company has also been involved in various litigation, including purported class or representative actions with respect to matters arising under the California Labor Code and Private Attorneys General Act. The Company has retained outside counsel to represent it in these matters and is vigorously defending its interests. Legal Matters Related to Take 5 On April 1, 2018, the Company acquired certain assets and assumed liabilities of Take 5 Media Group (“Take 5”). In June 2019, as a result of a review of internal allegations related to inconsistency of data provided by Take 5 to its clients, the Company commenced an investigation into Take 5’s operations. In July 2019, as a result of the Company’s investigation, the Company determined that revenue during the fiscal year ended December 31, 2018 attributable to the Take 5 business had been recognized for services that were not performed on behalf of clients of Take 5 and that inaccurate reports were made to Take 5 clients about those services (referred to as the “Take 5 Matter”). As a result of these findings, in July 2019, the Company terminated all operations of Take 5, including the use of its associated trade names and the offering of its services to its clients and offered refunds to Take 5 clients of collected revenues attributable to Take 5 since the Company’s acquisition of Take 5. USAO and FBI Voluntary Disclosure and Investigation Related to Take 5 The Company voluntarily disclosed to the United States Attorney’s Office and the Federal Bureau of Investigation certain misconduct occurring at Take 5, a line of business that the Company closed in July 2019. The Company intends to cooperate in this and any other governmental investigations that may arise in connection with the Take 5 Matter. At this time, the Company cannot predict the ultimate outcome of any investigation related to the Take 5 Matter and is unable to estimate the potential impact such an investigation may have on the Company. Arbitration Proceedings Related to Take 5 In August 2019, as a result of the Take 5 Matter, the Company provided a written indemnification claim notice to the sellers of Take 5 (the “Take 5 Sellers”) seeking monetary damages (including interest, fees and costs) based on allegations of breach of the asset purchase agreement (the “Take 5 APA”), as well as fraud. In September 2019, the Take 5 Sellers initiated arbitration proceedings against the Company, alleging breach of the Take 5 APA as a result of the Company’s decision to terminate the operations of the Take 5 business, and seeking monetary damages equal to all unpaid earn-out payments under the Take 5 APA (plus interest, fees and costs). In 2020, the Take 5 sellers amended their statement of claim to allege defamation, relating to statements the Company made to customers in connection with terminating the operations of the Take 5 business, and seeking monetary damages for the alleged injury to their reputation. The Company filed its response to the Take 5 Sellers’ claims, and asserted indemnification, fraud and other claims against the Take 5 Sellers as counterclaims and cross-claims in the arbitration proceedings. The Company is currently unable to estimate the potential impact related to these arbitration proceedings, but the Company has retained outside counsel to represent the Company in these matters and intends to vigorously pursue the Company’s interests. The arbitration hearing for this matter commenced in the first quarter of 2022 and re-commenced during the second quarter of 2022; however, the Company does not know when the Company will receive a decision from the arbitrator. Other Legal Matters Related to Take 5 The Take 5 Matter may result in additional litigation against the Company, including lawsuits from clients, or governmental investigations, which may expose the Company to potential liability in excess of the amounts being offered by the Company as refunds to Take 5 clients. The Company is currently unable to determine the amount of any potential liability, costs or expenses (above the amounts already being offered as refunds) that may result from any lawsuits or investigations associated with the Take 5 Matter or determine whether any such issues will have any future material adverse effect on the Company’s financial position, liquidity, or results of operations. Although the Company has insurance covering certain liabilities, the insurance may not be sufficient to cover any potential liability or expenses associated with the Take 5 Matter.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	10. Redeemable Noncontrolling Interest The Company is party to a put and call option agreement with respect to the common securities that represent the remaining noncontrolling interest from a majority-owned subsidiary, which was established through a majority-owned international joint venture. The put and call option agreement representing 20 % of the total outstanding noncontrolling equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holder by providing written notice to the Company beginning in 2026 and expiring in 2028 . The redemption value of the put and call option agreement is based on a multiple of the majority-owned subsidiary earnings before interest, taxes, depreciation and amortization subject to certain adjustments. The noncontrolling interest is subject to a put option that is outside of the Company’s control, and is presented as redeemable non-controlling interest in the temporary equity section of the Condensed Consolidated Balance Sheets. The Company recorded its redeemable noncontrolling interest at fair value on the date of the related business combination transaction and recognizes changes in the redemption value at the end of each reporting period. The carrying value of the redeemable noncontrolling interest was $ 1.8 million as of March 31, 2022. (in thousands) March 31, 2022 Beginning Balance $ 1,893 Net income attributable to redeemable noncontrolling interests 10 Foreign currency translation adjustment ( 54 ) Ending Balance $ 1,849

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	11. Stock-Based Compensation The Company has issued nonqualified stock options, restricted stock units, and performance restricted stock units under the Advantage Solutions Inc. 2020 Incentive Award Plan (the “ Plan ”). The Company’s restricted stock units and performance restricted stock units, as described below, are expensed and reported as non-vested shares. The Company recognized stock-based compensation expense of $ 7.8 million and $ 9.9 million during the three months ended March 31, 2022 and 2021, respectively. The related deferred tax benefit for stock-based compensation recognized was $ 1.5 million and $ 1.6 million for the three months ended March 31, 2022 and 2021, respectively. Performance Restricted Stock Units Performance restricted stock units (“PSUs”) are subject to the achievement of certain performance conditions based on the Company’s revenues and Adjusted EBITDA targets in the respective measurement period and the recipient’s continued service to the Company. The PSUs are scheduled to vest over a three-year period from the date of grant and may vest from 0 % to 150 % of the number of shares set forth in the table below. The number of PSUs earned shall be adjusted to be proportional to the partial performance between the Threshold Goals, Target Goals and Maximum Goals. Details for each aforementioned defined term for each grant have been provided in the table below. During the first quarter of 2022, the Compensation Committee determined that the achievement of the performance objective applicable to the PSU EBITDA 2021 objective was 64.6 % of target and the achievement of the performance objective applicable to the PSU Revenues 2021 objective was 126.2 % of target. In the first quarter of 2022, the Compensation Committee determined that the PSU EBITDA and Revenue metrics will be measured separately when determining whether above-target performance has been maintained for future year performance. Such determination is applicable to the PSUs grants made in 2021 and in 2022. As a result, the 26.2 % above-target performance on Revenues for 2021 must be maintained in 2022 and 2023 in order for the corresponding above-target PSUs to vest in January 2024. Assuming there is no decline in performance with respect to Revenues in 2022 and 2023, an amount equal to approximately 9.2 % of the target number of PSUs granted in January 2021 will vest in full in January 2024 as a result of the above-target Revenue performance for fiscal 2021. The performance period for those awards ended on December 31, 2021 but remain subject to service-based vesting conditions. Under the provision of ASC 718, the Company determined that 2021 PSUs granted were modified as of March 11, 2022 related to 205,834 above-target Revenue Metric PSUs. The stock-based compensation expense for such modification was accounted for as a cancellation of the original award and the issuance of a new award using the fair value of the award on the date of modification, resulting in a $ 1.1 million gain upon cancellation during the three months ended March 31, 2022 and an intrinsic value associated with the new award of $ 1.2 million that will be recognized over the remaining service-based vesting term. The fair value of PSU grants is equal to the closing price of the Company's Class A common stock on the date of the applicable grant. The maximum potential remaining expense if the Maximum Goals were met for these awards has been provided in the table below. Recognition of expense associated with performance-based stock is not permitted until achievement of the performance targets are probable of occurring. (in thousands, except share and per share data) Number of Number of Number of Weighted Maximum Maximum Potential January 1, 2022— 2,175,252 4,350,503 6,525,755 $ 5.99 $ 38,097 2.5 years January 1, 2021— 1,597,725 1,597,725 1,597,725 $ 12.04 $ 10,239 1.8 years The following table summarizes the PSU activity for the three months ended March 31, 2022: Performance Share Units Weighted Average Grant Outstanding at January 1, 2022 2,609,079 $ 13.07 Granted 4,350,503 $ 5.99 Distributed 621,009 $ 13.23 Forfeited 42,987 $ 12.97 PSU performance adjustment ( 347,358 ) $ 11.26 Outstanding at March 31, 2022 5,948,228 $ 7.61 Restricted Stock Units Restricted stock units (“RSUs”) are subject to the recipient’s continued service to the Company. The RSUs are generally scheduled to vest over three years and are subject to the provisions of the agreement under the Plan. During the three months ended March 31, 2022, the following activities involving RSUs occurred under the Plan: Number of RSUs Weighted Average Grant Outstanding at January 1, 2022 3,660,553 $ 10.64 Granted 5,333,558 $ 5.99 Vested 520,427 $ 13.22 Forfeited 154,218 $ 9.77 Outstanding at March 31, 2022 8,319,466 $ 7.53 As of March 31, 2022, the total remaining unrecognized compensation cost related to RSUs amounted to $ 16.5 million, which will be amortized over the weighted-average remaining requisite service periods of 2.7 years. Stock Options Pursuant to the Plan, a total of 945,664 non-qualified stock options were granted during the three months ended March 31, 2022 and 1,206,988 remained outstanding as of March 31, 2022 with a weighted average exercise price of $ 6.68 . The fair value of the employee stock options granted was estimated using the following weighted average assumptions for the three months ended: March 31, 2022 Share Price $ 5.99 Dividend yield 0.0 % Expected volatility 30.0 % Risk-free interest rate 2.0 % Expected term (years) 6.5 As of March 31, 2022, the Company had approximately $ 2.2 million of total unrecognized compensation expense related to stock options, net of related forfeiture estimates, which the Company expects to recognize over a weighted-average period of approximately 2.7 years . The intrinsic value of all outstanding options as of March 31, 2022 was $ 0.4 million based on the market price of the Company's Class A common stock of $ 6.38 per share.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	12. Earnings Per Share The Company calculates earnings per share using a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net income (loss) attributable to stockholders of the Company by the weighted-average shares of common stock outstanding without the consideration for potential dilutive shares of common stock. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of performance stock units, restricted stock units, public and private placement warrants, the employee stock purchase plan and stock options . Diluted earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding and the potential dilutive shares of common stock for the period determined using the treasury stock method and if-converted method, as applicable. During periods of net loss, diluted loss per share is equal to basic loss per share because the antidilutive effect of potential common shares is disregarded. The following is a reconciliation of basic and diluted net earnings (loss) per common share: Three Months Ended March 31, (in thousands, except share and earnings per share data) 2022 2021 Basic earnings per share computation: Numerator: Net income (loss) attributable to stockholders of Advantage Solutions Inc. $ 18,965 $ ( 116 ) Denominator: Weighted average common shares - basic 317,784,656 317,601,345 Basic earnings (loss) per common share $ 0.06 $ ( 0.00 ) Diluted earnings per share computation: Numerator: Net income (loss) attributable to stockholders of Advantage Solutions Inc. $ 18,965 $ ( 116 ) Denominator: Weighted average common shares outstanding 317,784,656 317,601,345 Performance Stock Units 120,144 — Restricted Stock Units 668,291 — Employee stock purchase plan and stock options 147,991 — Weighted average common shares - diluted 318,721,082 317,601,345 Diluted earnings (loss) per common share $ 0.06 $ ( 0.00 ) The Company had 7,333,333 private placement warrants, which were owned by CP Sponsor, and 11,244,988 public warrants to purchase Class A common stock at $ 11.50 per share outstanding at March 31, 2022, which have been excluded in the calculation of diluted earnings per common share as the weighted average market price of the common stock during the three months ended March 31, 2022 did not exceed the exercise price of the warrants. The Company had 7,333,333 private placement warrants, which were owned by CP Sponsor, and 11,249,992 public warrants to purchase Class A common stock at $ 11.50 per share outstanding at March 31, 2021, which have been excluded in the calculation of diluted net loss per common share, as the effect would be antidilutive due to losses incurred.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events Subsequent to March 31, 2022, the Company completed two acquisitions of marketing agencies. The aggregate cash paid for these consummated acquisitions was $ 66.6 million. The Company has determined that the purchase price allocation related to these acquisitions is impractical to report as of the date of the issuance of these condensed consolidated financial statements. Purchase price allocations are considered preliminary and subject to adjustment during the measurement period, which is up to one year from the acquisition date.

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. The unaudited condensed consolidated financial statements do not include all of the information required by accounting principles generally accepted in the United States (“GAAP”). The Condensed Consolidated Balance Sheet at December 31, 2021 was derived from the audited Consolidated Balance Sheet at that date and does not include all the disclosures required by GAAP. In the opinion of management, all adjustments which are of a normal recurring nature and necessary for a fair statement of the results as of March 31, 2022 and for the three months ended March 31, 2022 and 2021 have been reflected in the condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2021 and the related footnotes thereto. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period.
COVID-19 Pandemic	COVID-19 Pandemic Beginning in March 2020 and continuing through the first quarter of 2021, the Company's services experienced the effects from reductions in client spending due to the economic impact related to the COVID-19 pandemic. While mixed by services and geography, the spending reductions impacted all of the Company's services and markets. Globally, the most impacted services were the Company's experiential services. Most services began to recover in April 2021, and the recovery has continued through the first quarter of 2022.
Impact of the War in Ukraine	Impact of the War in Ukraine The Company has a minority interest in a European company that has majority-ownership interests in local agencies in Russia. During the first quarter of 2022, the war in Ukraine resulted in the imposition of sanctions by the United States, the United Kingdom, and the European Union, that affect the cross-border operations of businesses operating in Russia. In addition, Russian regulators have imposed currency restrictions and regulations that created uncertainty regarding the Company's ability to recover its investment in operations in Russia, as well as the Company's ability to exercise control or influence involving operations by the local agencies in Russia. As a result, the Company intends to use its influence to cause the European company to dispose of its ownership interests in the local agencies in Russia. Accordingly, the Company recorded pretax charges of $ 2.8 million in the first quarter of 2022, primarily consisting of its proportionate share of the net investment in its Russian interest in “Selling, general, and administrative expenses” in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) .
Recent Accounting Standards	Recent Accounting Standards Recent Accounting Standards Adopted by the Company On January 1, 2022, the Company adopted Accounting Standards Update ("ASU") No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”) , which simplifies accounting for convertible instruments by removing major separation models required under current GAAP, simplifies the contract settlement assessment for equity classification, requires the use of the if-converted method for all convertible instruments in the diluted earnings per share calculation and expands disclosure requirements. The adoption of this accounting standard, under the full retrospective method, did not have a material impact on the Company's condensed consolidated financial statements and use of the if-converted method did not have an impact on the Company's overall earnings per share calculation. On January 1, 2022, the Company adopted ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force) . The guidance clarifies certain aspects of the current guidance to promote consistency among reporting of an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (for example, warrants) that remain equity classified after modification or exchange. The guidance is applied prospectively to all modifications or exchanges that occur on or after the date of adoption and the adoption of this accounting standard did not have a material impact on the Company's condensed consolidated financial statements. On January 1, 2022, the Company adopted ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance . This update requires annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. The amendments should be applied either (1) prospectively to all transactions within the scope of the amendments that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or (2) retrospectively to those transactions. The adoption of this accounting standard did not have a material impact on the Company's condensed consolidated financial statements. Accounting Standards Recently Issued but Not Yet Adopted by the Company In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . This guidance provides optional expedients and exceptions for GAAP to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate if certain criteria are met. The amendments in this update are effective for reporting periods that include or are subsequent to March 12, 2020 and must be applied prospectively to contract modifications and hedging relationships through December 31, 2022. The Company continues to evaluate the impact of this guidance and may apply other applicable elections as additional changes in the market occur. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 606): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 as if it had originated the contracts. Generally, this should result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements, if the acquiree prepared financial statements in accordance with GAAP. The amendment in this update is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The guidance should be applied prospectively to business combinations occurring on or after the effective date of the amendment in this update. The Company is evaluating the potential impact of this adoption on its consolidated financial statements. All other new accounting pronouncements issued, but not yet effective or adopted have been deemed to be not relevant to the Company and, accordingly, are not expected to have a material impact once adopted.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Summary of Disaggregation of Revenue	Disaggregated revenues were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Sales brand-centric services $ 329,356 $ 293,531 Sales retail-centric services 262,613 240,793 Total sales revenues 591,969 534,324 Marketing brand-centric services 113,574 116,982 Marketing retail-centric services 209,265 139,715 Total marketing revenues 322,839 256,697 Total revenues $ 914,808 $ 791,021

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary Of Changes In Goodwill	Changes in goodwill for the three months ended March 31, 2022 are as follows: Sales Marketing Total (in thousands) Balance at January 1, 2021 $ 1,462,378 $ 700,961 $ 2,163,339 Acquisitions 32,087 13,315 45,402 Measurement period adjustments 179 ( 1,043 ) ( 864 ) Foreign exchange translation effects ( 1,873 ) — ( 1,873 ) Balance at December 31, 2021 $ 1,492,771 $ 713,233 $ 2,206,004 Acquisitions 347 — 347 Measurement period adjustments 52 — 52 Foreign exchange translation effects ( 2,357 ) — ( 2,357 ) Balance at March 31, 2022 $ 1,490,813 $ 713,233 $ 2,204,046 Accumulated impairment losses related to goodwill were $ 652.0 million as of March 31, 2022 and 2021.
Summary Of Intangible Assets	The following tables set forth information for intangible assets: March 31, 2022 (amounts in thousands) Weighted Average Useful Life Gross Carrying Accumulated Net Carrying Finite-lived intangible assets: Client relationships 14 years $ 2,479,182 $ 1,203,811 $ 1,275,371 Trade names 9 years 137,544 81,087 56,457 Developed technology 5 years 13,260 8,825 4,435 Covenant not to compete 5 years 6,100 5,231 869 Total finite-lived intangible assets 2,636,086 1,298,954 1,337,132 Indefinite-lived intangible assets: Trade names 900,000 — 900,000 Total other intangible assets $ 3,536,086 $ 1,298,954 $ 2,237,132 December 31, 2021 (amounts in thousands) Weighted Average Useful Life Gross Carrying Accumulated Net Carrying Finite-lived intangible assets: Client relationships 14 years $ 2,480,167 $ 1,158,732 $ 1,321,435 Trade names 8 years 138,206 78,355 59,851 Developed technology 5 years 13,260 8,206 5,054 Covenant not to compete 5 years 6,100 4,926 1,174 Total finite-lived intangible assets 2,637,733 1,250,219 1,387,514 Indefinite-lived intangible assets: Trade names 900,000 — 900,000 Total other intangible assets $ 3,537,733 $ 1,250,219 $ 2,287,514
Summary Of Estimated Future Amortization Expenses Of Intangible Assets	As of March 31, 2022, estimated future amortization expenses of the Company’s existing intangible assets are as follows: (in thousands) Remainder of 2022 $ 148,570 2023 195,306 2024 193,928 2025 187,863 2026 183,833 Thereafter 427,632 Total amortization expense $ 1,337,132

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Summary of Long term Debt, Net of Current Portion	March 31, December 31, (in thousands) 2022 2021 Term Loan Facility $ 1,308,438 $ 1,311,750 Notes 775,000 775,000 Government loans for COVID-19 relief 4,943 5,212 Other 1,758 1,113 Total long-term debt 2,090,139 2,093,075 Less: current portion 14,955 14,397 Less: debt issuance costs 47,534 49,796 Long-term debt, net of current portion $ 2,027,650 $ 2,028,882

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Summary of Financial Liabilities Measured on Recurring Basis	The following table sets forth the carrying values and fair values of the Company’s financial liabilities measured on a recurring basis, categorized by input level within the fair value hierarchy: (in thousands) Carrying Value Fair Value Balance at March 31, 2022 Term Loan Facility $ 1,308,438 $ 1,396,921 Notes 775,000 841,581 Government loans for COVID-19 relief 4,943 5,246 Other 1,758 1,758 Total long-term debt $ 2,090,139 $ 2,245,506 (in thousands) Carrying Value Fair Value Balance at December 31, 2021 Term Loan Facility $ 1,311,750 $ 1,406,552 Notes 775,000 894,611 Government loans for COVID-19 relief 5,212 5,615 Other 1,113 1,113 Total long-term debt $ 2,093,075 $ 2,307,891
Summarizes the Changes in the Carrying Value of Estimated Contingent Consideration Liabilities	The following table summarizes the changes in the carrying value of estimated contingent consideration liabilities: March 31, (in thousands) 2022 2021 Beginning of the period $ 58,366 $ 45,901 Fair value of acquisitions 510 2,692 Changes in fair value 2,134 ( 584 ) Measurement period adjustments — ( 1,181 ) Foreign exchange translation effects ( 106 ) 13 End of the period $ 60,904 $ 46,841
Fair Value, Recurring [Member]
Schedule of Fair Value Assets Measured on a Recurring Basis	The following table sets forth the Company’s financial assets and liabilities measured on a recurring basis at fair value, categorized by input level within the fair value hierarchy. March 31, 2022 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets measured at fair value Derivative financial instruments $ 31,197 $ — $ 31,197 $ — Total assets measured at fair value $ 31,197 $ — $ 31,197 $ — Liabilities measured at fair value Warrant liability $ 6,747 $ — $ 6,747 $ — Contingent consideration liabilities 60,904 — — 60,904 Total liabilities measured at fair value $ 67,651 $ — $ 6,747 $ 60,904 December 31, 2021 (in thousands) Fair Value Level 1 Level 2 Level 3 Assets measured at fair value Derivative financial instruments $ 10,164 $ — $ 10,164 $ — Total assets measured at fair value $ 10,164 $ — $ 10,164 $ — Liabilities measured at fair value Derivative financial instruments $ 385 $ — $ 385 $ — Warrant liability 22,189 — — 22,189 Contingent consideration liabilities 58,366 — — 58,366 Total liabilities measured at fair value $ 80,940 $ — $ 385 $ 80,555

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Summary of financial relationships with clients of the company	The information below details the Company’s financial relationships with those clients as of and for the periods indicated: Revenues Accounts Receivable March 31, As of March 31, As of December 31, (in thousands) 2022 2021 2022 2021 Client 1 $ 375 $ — $ 151 $ 176 Client 2 134 217 138 190 All other clients 351 2,761 196 170 Total $ 860 $ 2,978 $ 485 $ 536

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Summary Of Revenue And Operating Income	The Company and its chief operating decision maker evaluate performance based on revenues and operating income. (in thousands) Sales Marketing Total Three Months Ended March 31, 2022 Revenues $ 591,969 $ 322,839 $ 914,808 Depreciation and amortization $ 40,969 $ 16,799 $ 57,768 Operating income $ 18,973 $ 4,051 $ 23,024 Three Months Ended March 31, 2021 Revenues $ 534,324 $ 256,697 $ 791,021 Depreciation and amortization $ 42,564 $ 17,049 $ 59,613 Operating income $ 35,148 $ 2,440 $ 37,588

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Summary of Redeemable Noncontrolling Interest	The carrying value of the redeemable noncontrolling interest was $ 1.8 million as of March 31, 2022. (in thousands) March 31, 2022 Beginning Balance $ 1,893 Net income attributable to redeemable noncontrolling interests 10 Foreign currency translation adjustment ( 54 ) Ending Balance $ 1,849

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Summary of Performance Stock Units	Recognition of expense associated with performance-based stock is not permitted until achievement of the performance targets are probable of occurring. (in thousands, except share and per share data) Number of Number of Number of Weighted Maximum Maximum Potential January 1, 2022— 2,175,252 4,350,503 6,525,755 $ 5.99 $ 38,097 2.5 years January 1, 2021— 1,597,725 1,597,725 1,597,725 $ 12.04 $ 10,239 1.8 years
PSU [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Summary of stock option plan activity	The following table summarizes the PSU activity for the three months ended March 31, 2022: Performance Share Units Weighted Average Grant Outstanding at January 1, 2022 2,609,079 $ 13.07 Granted 4,350,503 $ 5.99 Distributed 621,009 $ 13.23 Forfeited 42,987 $ 12.97 PSU performance adjustment ( 347,358 ) $ 11.26 Outstanding at March 31, 2022 5,948,228 $ 7.61
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Summary of stock option plan activity	During the three months ended March 31, 2022, the following activities involving RSUs occurred under the Plan: Number of RSUs Weighted Average Grant Outstanding at January 1, 2022 3,660,553 $ 10.64 Granted 5,333,558 $ 5.99 Vested 520,427 $ 13.22 Forfeited 154,218 $ 9.77 Outstanding at March 31, 2022 8,319,466 $ 7.53
Stock Options [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Schedule Of Assumption Used To Determine Fair Value	The fair value of the employee stock options granted was estimated using the following weighted average assumptions for the three months ended: March 31, 2022 Share Price $ 5.99 Dividend yield 0.0 % Expected volatility 30.0 % Risk-free interest rate 2.0 % Expected term (years) 6.5

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Summary of reconciliation of basic and diluted net loss per common share	The following is a reconciliation of basic and diluted net earnings (loss) per common share: Three Months Ended March 31, (in thousands, except share and earnings per share data) 2022 2021 Basic earnings per share computation: Numerator: Net income (loss) attributable to stockholders of Advantage Solutions Inc. $ 18,965 $ ( 116 ) Denominator: Weighted average common shares - basic 317,784,656 317,601,345 Basic earnings (loss) per common share $ 0.06 $ ( 0.00 ) Diluted earnings per share computation: Numerator: Net income (loss) attributable to stockholders of Advantage Solutions Inc. $ 18,965 $ ( 116 ) Denominator: Weighted average common shares outstanding 317,784,656 317,601,345 Performance Stock Units 120,144 — Restricted Stock Units 668,291 — Employee stock purchase plan and stock options 147,991 — Weighted average common shares - diluted 318,721,082 317,601,345 Diluted earnings (loss) per common share $ 0.06 $ ( 0.00 )

Organization and Significant _3

Organization and Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Class of warrant or right exercise price of warrants or rights
Pretax charges	$ 2,800
Warrant [Member] | ADV | ADVWW
Class of warrant or right exercise price of warrants or rights
Class of warrant or right exercise price of warrants or rights	$ 11.50	$ 11.50

Revenue Recognition - Summary o

Revenue Recognition - Summary of Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 914,808	$ 791,021
Sales Revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	591,969	534,324
Marketing Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	322,839	256,697
Sales Brand Centric Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	329,356	293,531
Sales retail-centric services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	262,613	240,793
Marketing Brand Centric Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	113,574	116,982
Marketing Retail Centric Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 209,265	$ 139,715

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 21.6	$ 26.1

Acquisitions - Schedule of Fair

Acquisitions - Schedule of Fair Values of Identifiable Assets and Liabilities of Acquisitions (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consideration:
Cash	$ 66,600
Liabilities
Goodwill arising from acquisitions	$ 2,204,046	$ 2,206,004	$ 2,163,339

Acquisitions -Additional Inform

Acquisitions -Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Business Acquisition [Line Items]
Cash paid for business acquisition	$ 66.6

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets -Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill [Line Items]
Accumulated impairment losses	$ (652)	$ (652)
Goodwill impairment charges	580	580
Amortization expense	$ 50.3	$ 49.4

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of changes in goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Opening balance	$ 2,206,004	$ 2,163,339
Acquisitions	347	45,402
Measurement period adjustments	52	(864)
Foreign exchange translation effects	(2,357)	(1,873)
Closing balance	2,204,046	2,206,004
Sales [Member]
Goodwill [Line Items]
Opening balance	1,492,771	1,462,378
Acquisitions	347	32,087
Measurement period adjustments	52	179
Foreign exchange translation effects	(2,357)	(1,873)
Closing balance	1,490,813	1,492,771
Marketing [Member]
Goodwill [Line Items]
Opening balance	713,233	700,961
Acquisitions		13,315
Measurement period adjustments		(1,043)
Closing balance	$ 713,233	$ 713,233

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of intangible assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Finite-lived Intangible Assets [Roll Forward]
Gross Carrying Value	$ 2,636,086	$ 2,637,733
Accumulated Amortization	1,298,954	1,250,219
Net Carrying Value	1,337,132	1,387,514
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived Intangible Assets (Excluding Goodwill)	900,000	900,000
Indefinite-Lived Trade Names	900,000	900,000
Intangible Assets, Gross (Excluding Goodwill)	3,536,086	3,537,733
Other Intangible Assets Accumulated Amortization	1,298,954	1,250,219
Intangible Assets, Net (Including Goodwill)	$ 2,237,132	$ 2,287,514
Client relationships [Member]
Finite-lived Intangible Assets [Roll Forward]
Weighted Average Useful Life	14 years	14 years
Gross Carrying Value	$ 2,479,182	$ 2,480,167
Accumulated Amortization	1,203,811	1,158,732
Net Carrying Value	$ 1,275,371	$ 1,321,435
Trade names [Member]
Finite-lived Intangible Assets [Roll Forward]
Weighted Average Useful Life	9 years	8 years
Gross Carrying Value	$ 137,544	$ 138,206
Accumulated Amortization	81,087	78,355
Net Carrying Value	$ 56,457	$ 59,851
Developed technology [Member]
Finite-lived Intangible Assets [Roll Forward]
Weighted Average Useful Life	5 years	5 years
Gross Carrying Value	$ 13,260	$ 13,260
Accumulated Amortization	8,825	8,206
Net Carrying Value	$ 4,435	$ 5,054
Covenant not to compete [Member]
Finite-lived Intangible Assets [Roll Forward]
Weighted Average Useful Life	5 years	5 years
Gross Carrying Value	$ 6,100	$ 6,100
Accumulated Amortization	5,231	4,926
Net Carrying Value	$ 869	$ 1,174

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of estimated future amortization expenses (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Remainder of 2022	$ 148,570
2023	195,306
2024	193,928
2025	187,863
2026	183,833
Thereafter	427,632
Total amortization expense	$ 1,337,132	$ 1,387,514

Debt - Summary of Long term Deb

Debt - Summary of Long term Debt, Net of Current Portion (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Line Items]
Debt carrying amount	$ 2,090,139	$ 2,093,075
Less: current portion	14,955	14,397
Less: debt issuance costs	47,534	49,796
Long-term debt, net of current portion	2,027,650	2,028,882
Term Loan Facility [Member]
Debt Disclosure [Line Items]
Debt carrying amount	1,308,438	1,311,750
Notes [Member]
Debt Disclosure [Line Items]
Debt carrying amount	775,000	775,000
Government Loans [Member]
Debt Disclosure [Line Items]
Debt carrying amount	4,943	5,212
Other [Member]
Debt Disclosure [Line Items]
Debt carrying amount	$ 1,758	$ 1,113

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Short-term Debt [Line Items]
Repayment of minimum quarterly principal payments	$ 8,967	$ 59,604
Term Loan Facility [Member]
Short-term Debt [Line Items]
Line of credit outstanding	$ 1,300,000
Line of Credit maturity date	Oct. 28, 2027
Line of credit facility periodic payment principal	$ 13,300
Repayment of minimum quarterly principal payments	$ 3,300
Senior Secured Notes [Member]
Short-term Debt [Line Items]
Debt instrument, maturity date	Nov. 15, 2028
Long term debt outstanding amount	$ 775,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Summary of Financial Assets and Liabilities Measured on Recurring Basis (Detail) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets measured at fair value
Assets measured at fair value	$ 31,197	$ 10,164
Liabilities measured at fair value
Liabilities measured at fair value	67,651	80,940
Contingent Consideration Liabilities [Member]
Liabilities measured at fair value
Liabilities measured at fair value	60,904	58,366
Warrant Liability [Member]
Liabilities measured at fair value
Liabilities measured at fair value	6,747	22,189
Derivative Financial Instruments [Member]
Assets measured at fair value
Assets measured at fair value	31,197	10,164
Liabilities measured at fair value
Liabilities measured at fair value		385
Quoted Prices in Active Markets (Level 1) [Member]
Assets measured at fair value
Assets measured at fair value	0	0
Liabilities measured at fair value
Liabilities measured at fair value	0	0
Quoted Prices in Active Markets (Level 1) [Member] | Contingent Consideration Liabilities [Member]
Liabilities measured at fair value
Liabilities measured at fair value	0	0
Quoted Prices in Active Markets (Level 1) [Member] | Warrant Liability [Member]
Liabilities measured at fair value
Liabilities measured at fair value	0	0
Quoted Prices in Active Markets (Level 1) [Member] | Derivative Financial Instruments [Member]
Assets measured at fair value
Assets measured at fair value	0	0
Significant Other Observable Inputs (Level 2) [Member]
Assets measured at fair value
Assets measured at fair value	31,197	10,164
Liabilities measured at fair value
Liabilities measured at fair value	6,747	385
Significant Other Observable Inputs (Level 2) [Member] | Contingent Consideration Liabilities [Member]
Liabilities measured at fair value
Liabilities measured at fair value	0	0
Significant Other Observable Inputs (Level 2) [Member] | Warrant Liability [Member]
Liabilities measured at fair value
Liabilities measured at fair value	6,747	0
Significant Other Observable Inputs (Level 2) [Member] | Derivative Financial Instruments [Member]
Assets measured at fair value
Assets measured at fair value	31,197	10,164
Liabilities measured at fair value
Liabilities measured at fair value		385
Significant Other Unobservable Inputs (Level 3) [Member]
Assets measured at fair value
Assets measured at fair value	0	0
Liabilities measured at fair value
Liabilities measured at fair value	60,904	80,555
Significant Other Unobservable Inputs (Level 3) [Member] | Contingent Consideration Liabilities [Member]
Liabilities measured at fair value
Liabilities measured at fair value	60,904	58,366
Significant Other Unobservable Inputs (Level 3) [Member] | Warrant Liability [Member]
Liabilities measured at fair value
Liabilities measured at fair value	0	22,189
Significant Other Unobservable Inputs (Level 3) [Member] | Derivative Financial Instruments [Member]
Assets measured at fair value
Assets measured at fair value	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Additional Information (Detail) € in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)shares	Mar. 31, 2021EUR (€)
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Maximum credit loss exposure	$ 283,700,000
Fair value adjustment of warrants	(15,442,000)	$ 5,526,000
Private Placement Warrants [member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Stock issued during period, value, issued for services	6,700,000		$ 22,200,000
Fair value adjustment of warrants	$ 15,400	5,500
Private Placement Warrants [member] | Cp Sponsor [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Stock issued during period, shares, issued for services | shares	7,333,333		7,333,333
Interest Expense [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Gain (loss) related to changes in fair values of the forward contracts	$ 21,000,000	$ 5,400,000
Seven Open Euro Forward Contract [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure | €				€ 17.4
Open Euro Forward Contract [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure			$ 0
Interest Rate Cap [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Derivative, notional amount	650,000,000		2,200,000,000
Aggregate fair value of outstanding interest rate caps			400,000
Interest rate derivative assets at fair value	31,200,000		10,200,000
Other Accrued Expenses [Member] | Interest Rate Cap [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair value of outstanding interest rate caps			400
Prepaid Expenses and Other Current Assets [Member] | Interest Rate Cap [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair value of outstanding interest rate caps	$ 31,200,000		$ 10,200,000

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Summarizes the Changes in the Carrying Value of Estimated Contingent Consideration Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Beginning of the period	$ 58,366	$ 45,901
Fair value of acquisitions	510	2,692
Changes in fair value	2,134	(584)
Measurement period adjustments	0	(1,181)
Foreign exchange translation effects	(106)	13
End of the period	$ 60,904	$ 46,841

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Summary of Financial Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	$ 2,090,139	$ 2,093,075
Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,245,506	2,307,891
Term Loan Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	1,308,438	1,311,750
Term Loan Credit Facility [Member] | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,396,921	1,406,552
Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	775,000	775,000
Notes [Member] | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	841,581	894,611
Government Loans for COVID-19 Relief Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	4,943	5,212
Government Loans for COVID-19 Relief Member | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	5,246	5,615
Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	1,758	1,113
Other [Member] | Fair Value, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 1,758	$ 1,113

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transactions (Textual)
Revenue from Related Parties	$ 860	$ 2,978
Accounts receivable	$ 485		$ 536
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.0001		$ 0.0001
Proceeds from Issuance of Common Stock	$ 1,653	0
Majority-Owned Subsidiary, Unconsolidated [Member]
Related Party Transactions (Textual)
Revenue from Related Parties	3,800	$ 4,700
Accounts receivable	$ 2,000		$ 2,400

Related Party Transactions - Su

Related Party Transactions - Summary of Financial Relationships with Clients of the Company (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenues	$ 860	$ 2,978
Accounts receivable	485		$ 536
Client 1 [Member]
Related Party Transaction [Line Items]
Revenues	375	0
Accounts receivable	151		176
Client 3 [Member]
Related Party Transaction [Line Items]
Revenues	134	217
Accounts receivable	138		190
Other Clients [Member]
Related Party Transaction [Line Items]
Revenues	351	$ 2,761
Accounts receivable	$ 196		$ 170

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Line Items]
Effective income tax rate reconciliation, percent	34.00%	145.60%
Shortfall of stock based compensation	$ 1.1

Segments - Additional Informati

Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segments - Summary Of Revenue

Segments - Summary Of Revenue And Operating Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 914,808	$ 791,021
Depreciation and amortization	57,768	59,613
Operating income	23,024	37,588
Sales [Member]
Segment Reporting Information [Line Items]
Revenues	591,969	534,324
Depreciation and amortization	40,969	42,564
Operating income	18,973	35,148
Marketing [Member]
Segment Reporting Information [Line Items]
Revenues	322,839	256,697
Depreciation and amortization	16,799	17,049
Operating income	$ 4,051	$ 2,440

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Summary Of Redeemable Noncontrolling Interest (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Redeemable Noncontrolling Interest [Line Items]
Beginning Balance	$ 1,893
Net income attributable to redeemable noncontrolling interests	10
Foreign currency translation adjustment	(54)
Ending Balance	$ 1,849

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Redeemable Noncontrolling Interest [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 1,849	$ 1,893
Maximum [Member]
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling Interest Redemption Period	2028
Minimum [Member]
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling Interest Redemption Period	2026

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - Cp Sponsor [Member] - $ / shares	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Line Items]
Number of warrants or rights outstanding	11,244,988	11,249,992
Common Class A [Member]
Earnings Per Share [Line Items]
Class of warrant or right exercise price of warrants or rights	$ 11.50	$ 11.50
Common Class A [Member] | Private Placement Warrants [Member]
Earnings Per Share [Line Items]
Number of warrants or rights outstanding	7,333,333	7,333,333

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Stock Based Compensation [Line Items]
Share-based Payment Arrangement, Expense	$ 7.8	$ 9.9
Share-based payment arrangement, expense, tax benefit	$ 1.5	$ 1.6
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.0001		$ 0.0001
Performance Stock Units [Member]
Stock Based Compensation [Line Items]
Percentage of performance objective applicable to PSU EBITDA objective	64.60%
Percentage of performance objective applicable to Revenue objective	126.20%
Percentage of above-target performance on Revenues	26.20%
Percentage of amount equal to target number	9.20%
Shares related to above-target Revenue Metric PSUs	205,834
Gain upon cancellation	$ 1.1
Intrinsic value associated with new award	$ 1.2
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Performance Stock Units [Member] | Maximum [Member]
Stock Based Compensation [Line Items]
Percentage of vesting of award under share-based payment arrangement	150.00%
Performance Stock Units [Member] | Minimum [Member]
Stock Based Compensation [Line Items]
Percentage of vesting of award under share-based payment arrangement	0.00%
Restricted Stock Units (RSUs) [Member]
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Unrecognized compensation expenses	$ 16.5
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	2 years 8 months 12 days
Stock Options [Member]
Stock Based Compensation [Line Items]
Non-qualified stock option	945,664
Non-qualified stock options, Outstanding	1,206,988
Weighted average exercise price	$ 6.68
Unrecognized compensation expense	$ 2.2
Weighted-average period	2 years 8 months 12 days
Intrinsic value of all outstanding options	$ 0.4
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 6.38

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Performance Stock Units (Detail) - Performance Stock Units Member [Member] - Revenue [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Parametres For Which Stock Based Compensation Expense Shall Be Recognized For Instruments Other Than Options [Line Items]
Number of shares threshold	2,175,252	1,597,725
Number of shares target	4,350,503	1,597,725
Number of shares maximum	6,525,755	1,597,725
Weighted Average Fair Value per Share	$ 5.99	$ 12.04
Maximum Potential Expense to be Recognized	$ 38,097	$ 10,239
Maximum remaining expense to be recognized, years	2 years 6 months	1 year 9 months 18 days

Stock Based Compensation - Summ

Stock Based Compensation - Summary of PSU Activity (Details) - PSU [Member]	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance Share Units, Beginning balance | shares	2,609,079
Performance Share Units, Granted | shares	4,350,503
Performance Share Units, Distributed | shares	621,009
Performance Share Units, Forfeited | shares	42,987
PSU performance adjustment | shares	(347,358)
Performance Share Units, Ending balance | shares	5,948,228
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 13.07
Weighted Average Grant Date Fair Value, Granted | $ / shares	5.99
Weighted Average Grant Date Fair Value, Distributed | $ / shares	13.23
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	12.97
Weighted Average Grant Date Fair Value, PSU performance adjustment | $ / shares	11.26
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 7.61

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary Of Stock Option Plan Activity (Detail) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Stock-based Compensation [Line Items]
Performance Share Units, Beginning balance | shares	3,660,553
Number of RSUs, Granted | shares	5,333,558
Number of RSUs, Vested | shares	520,427
Number of RSUs, Forfeited | shares	154,218
Performance Share Units, Ending balance | shares	8,319,466
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 10.64
Weighted Average Grant Date Fair Value, Granted | $ / shares	5.99
Weighted Average Grant Date Fair Value, Vested | $ / shares	13.22
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	9.77
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 7.53

Stock Based Compensation - Sche

Stock Based Compensation - Schedule Of Assumption Used To Determine Fair Value (Details) - Stock Options [Member]	3 Months Ended
	Mar. 31, 2022$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 5.99
Dividend yield	0.00%
Expected volatility	30.00%
Risk-free interest rate	2.00%
Expected term (years)	6 years 6 months

Earnings Per Share - Summary Of

Earnings Per Share - Summary Of Reconciliation Of Basic And Diluted Net Loss Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net income (loss) attributable to stockholders of Advantage Solutions Inc.	$ 18,965	$ (116)
Weighted average common shares-basic	317,784,656	317,601,345
Basic earnings (loss) per common share	$ 0.06	$ 0
Basic	317,784,656	317,601,345
Performance Stock Units	120,144	0
Restricted Stock Units	668,291	0
Employee stock purchase plan and stock options	147,991	0
Weighted average common shares - diluted	318,721,082	317,601,345
Diluted earnings (loss) per common share	$ 0.06	$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Subsequent Event [Line Items]
Cash paid for business acquisition	$ 66.6