Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Summary of Property, Plant and Equipment Useful Lives
Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:
Years
Buildings
30–40 years
Furniture and fixtures
1–8 Years
Machinery and equipment
1–26 Years
Vehicles
1–8 Years
Leasehold improvements Shorter of remaining lease term or estimated useful life
Property, plant and equipment, net by geographical area consisted of the following (in thousands):
Successor Predecessor
December 31, 2021 December 31, 2020
United States $ 37,159  $ 29,155 
Canada 3,512  3,403 
Germany 17,199  13,487 
Other foreign jurisdictions 4,377  2,190 
Total property, plant and equipment, net $ 62,247  $ 48,235