Summary of Balance Sheet Components |
Details of certain balance sheet items are presented below (in thousands):
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Successor |
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Predecessor |
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December 31, 2021 |
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December 31, 2020 |
Inventory: |
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Raw materials and manufacturing supplies |
$ |
34,008 |
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$ |
25,695 |
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Work in process |
213 |
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306 |
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Finished goods |
75,866 |
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32,783 |
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Total inventory |
$ |
110,087 |
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$ |
58,784 |
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Prepaid Expenses and Other Current Assets: |
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Advance to vendors |
$ |
2,984 |
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$ |
7,343 |
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Prepaid insurance |
8,441 |
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|
125 |
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Other |
2,736 |
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3,938 |
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Total prepaid expenses and other current assets |
$ |
14,161 |
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$ |
11,406 |
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Property, Plant and Equipment: |
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Buildings |
$ |
4,021 |
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$ |
6,768 |
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Leasehold improvements |
2,301 |
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1,146 |
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Furniture and fixtures |
558 |
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416 |
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Machinery and equipment |
50,177 |
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51,286 |
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Vehicles |
4,579 |
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4,311 |
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Construction in progress |
1,983 |
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5,069 |
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Total property, plant and equipment, gross |
63,619 |
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68,996 |
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Less: Accumulated depreciation |
(1,372) |
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(20,761) |
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Total property, plant and equipment, net |
$ |
62,247 |
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$ |
48,235 |
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Accrued Expenses and Other Current Liabilities: |
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Accrued bonus |
$ |
7,728 |
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$ |
4,653 |
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Accrued salaries |
900 |
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2,779 |
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Accrued employee benefits |
591 |
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|
511 |
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Accrued interest |
5,341 |
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|
79 |
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Accrued purchases |
1,930 |
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2,347 |
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Accrued taxes |
355 |
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2,905 |
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Accrued construction |
— |
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1,319 |
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Other |
2,180 |
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1,452 |
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Total accrued expenses and other current liabilities |
$ |
19,025 |
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$ |
16,045 |
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Other Non-Current Liabilities: |
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LaderaTech contingent earn-out |
$ |
19,979 |
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$ |
19,816 |
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Other |
2,216 |
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1,335 |
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Total other non-current liabilities |
$ |
22,195 |
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$ |
21,151 |
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