Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2021
Nov. 08, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Net sales $ 21,023 $ 341,315 $ 339,577 $ 239,310
Cost of goods sold 20,533 172,136 177,532 155,427
Gross profit 490 169,179 162,045 83,883
Operating expenses:        
Selling, general and administrative expense 16,982 38,981 37,747 36,198
Amortization expense 8,004 45,424 51,458 51,100
Founders advisory fees - related party 652,990 0 0 0
Other operating expense 92 4,153 1,364 2,362
Total operating expenses 678,068 88,558 90,569 89,660
Operating (loss) income (677,578) 80,621 71,476 (5,777)
Other expense (income):        
Interest expense, net 6,352 39,087 42,017 51,655
Loss on contingent earn-out 198 2,965 0 0
Unrealized foreign currency loss (gain) 1,006 4,026 (5,640) 2,684
Other (income) expense, net (2) (222) 367 (405)
Total other expense (income), net 7,554 45,856 36,744 53,934
(Loss) income before income taxes (685,132) 34,765 34,732 (59,711)
Income tax benefit (expense) 4,675 (14,136) (10,483) 17,674
Net (loss) income (680,457) 20,629 24,249 (42,037)
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments (7,135) 236 4,787 (358)
Total comprehensive (loss) income $ (687,592) $ 20,865 $ 29,036 $ (42,395)
Net (loss) income per share:        
Basic (in usd per share) $ (4.33) $ 0.39 $ 0.46 $ (0.79)
Diluted (in usd per share) $ (4.33) $ 0.39 $ 0.46 $ (0.79)
Weighted average number of ordinary shares outstanding:        
Basic (in shares) 157,158,579 53,045,510 53,045,510 53,045,510
Diluted (in shares) 157,158,579 53,045,510 53,045,510 53,045,510