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  "documentTitle": "PetIQ, Inc. (PETQ)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-04-30 00:00:00",
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      "text": "Variable Consideration... The most common forms of variable consideration include discounts, rebates, and sales returns and allowances... we use either the expected value or most likely amount method to determine the variable consideration.",
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      "text": "We note that PetIQ adjusted its revenue recognition policy materially during FY18 to allow for broader discretion in quantifying revenue. In particular, management now uses a \"most likely amount method\" in its recognition of revenue tied to rebates and discounts, which gives the Company an egregious amount of flexibility in determining revenue each period.",
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