Post-effective amendment to a registration statement that is not immediately effective upon filing

BALANCE SHEET COMPONENTS

v3.22.1
BALANCE SHEET COMPONENTS
 12 Months Ended
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BALANCE SHEET COMPONENTS
4. BALANCE SHEET COMPONENTS
Details of certain balance sheet items are presented below (in thousands):
 
    
Successor
                 
Predecessor
  
    
December 31,
2021
                 
December 31,
2020
  
Inventory:
          
Raw materials and manufacturing supplies
    $ 34,008        $ 25,695
Work in process
      213          306
Finished goods
      75,866          32,783
  
 
 
         
 
 
  
Total inventory
    $ 110,087        $ 58,784
  
 
 
         
 
 
  
Prepaid Expenses and Other Current Assets:
          
Advance to vendors
    $ 2,984        $ 7,343
Prepaid insurance
      8,441          125
Other
      2,736          3,938
  
 
 
         
 
 
  
Total prepaid expenses and other current assets
    $ 14,161        $ 11,406
  
 
 
         
 
 
  
Property, Plant and Equipment:
          
Buildings
    $ 4,021        $ 6,768
Leasehold improvements
      2,301          1,146
Furniture and fixtures
      558          416
Machinery and equipment
      50,177          51,286
Vehicles
      4,579          4,311
Construction in progress
      1,983          5,069
  
 
 
         
 
 
  
Total property, plant and equipment, gross
      63,619          68,996
Less: Accumulated depreciation
      (1,372 )           (20,761 ) 
  
 
 
         
 
 
  
Total property, plant and equipment, net
    $ 62,247        $ 48,235
  
 
 
         
 
 
  
Accrued Expenses and Other Current Liabilities:
          
Accrued bonus
    $ 7,728        $ 4,653
Accrued salaries
      900          2,779
Accrued employee benefits
      591          511
Accrued interest
      5,341          79
Accrued purchases
      1,930          2,347
Accrued taxes
      355          2,905
Accrued construction
      —              1,319
Other
      2,180          1,452
  
 
 
         
 
 
  
Total accrued expenses and other current liabilities
    $ 19,025        $ 16,045
  
 
 
         
 
 
  
Other
Non-Current
Liabilities:
          
LaderaTech contingent
earn-out
    $ 19,979        $ 19,816
Other
      2,216          1,335
  
 
 
         
 
 
  
Total other
non-current
liabilities
    $ 22,195        $ 21,151
  
 
 
         
 
 
  
Depreciation expense related to property, plant and equipment for the Successor Period, 2021 Predecessor Period, 2020 Predecessor Period and 2019 Predecessor Period was $1.4 million, $6.6 million, $6.7 million and $6.9 million, respectively, substantially all of which was presented in cost of goods sold in the accompanying consolidated statements of operations and comprehensive income (loss).