Basis of Presentation, Use of Accounting Estimates and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Prior Period Reclassifications on the Condensed Consolidated Statements of Income (Loss)

Consolidated Statements of Income (Loss)


	Year Ended December 31, 2020						Year Ended December 31, 2019
	As Previously Reported		Adjustments		As Revised		As Previously Reported		Adjustments		As Revised
Cost of sales - exclusive of amortization	$	308,062	$	4,035	$	312,097	$	323,517	$	2,684	$	326,201
Operating loss from continuing operations	(269,864)		(4,035)		(273,899)		(168,870)		(2,684)		(171,554)
Loss from continuing operations before tax	(343,987)		(4,035)		(348,022)		(185,694)		(2,684)		(188,378)
Income tax benefit	(736)		(224)		(960)		(30,153)		(221)		(30,374)
Net loss from continuing operations	(343,515)		(3,811)		(347,326)		(155,541)		(2,463)		(158,004)
Net loss	(345,008)		(3,811)		(348,819)		(155,176)		(2,463)		(157,639)

Basic and diluted loss per share:
Continuing operations	$	(7.07)	$	(0.08)	$	(7.15)	$	(3.22)	$	(0.05)	$	(3.27)
Discontinued operations	(0.03)		—		(0.03)		0.01		—		0.01
	$	(7.10)	$	(0.08)	$	(7.18)	$	(3.21)	$	(0.05)	$	(3.26)

Consolidated Statements of Comprehensive Income (Loss)


	Year Ended December 31, 2020						Year Ended December 31, 2019
	As Previously Reported		Adjustments		As Revised		As Previously Reported		Adjustments		As Revised
Net loss	$	(345,008)	$	(3,811)	$	(348,819)	$	(155,176)	$	(2,463)	$	(157,639)
Total comprehensive loss	(297,807)		(3,811)		(301,618)		(150,092)		(2,463)		(152,555)

Consolidated Balance Sheet


	December 31, 2020
	As Previously Reported		Adjustments		As Revised
Inventories	$	126,675	$	(11,390)	$	115,285
Total Current Assets	719,434		(11,390)		708,044
Total Assets	2,411,351		(11,390)		2,399,961
Deferred tax liabilities	8,915		(1,826)		7,089
Total Liabilities	1,292,522		(1,826)		1,290,696
Accumulated deficit	(752,402)		(9,564)		(761,966)
Total Stockholders’ Equity	1,118,829		(9,564)		1,109,265
Total Liabilities and Stockholders’ Equity	2,411,351		(11,390)		2,399,961

Consolidated Statements of Stockholders’ Equity


	As Previously Reported				Adjustments				As Revised
	Accumulated Deficit		Total Stockholders’ Equity		Accumulated Deficit		Total Stockholders’ Equity		Accumulated Deficit		Total Stockholders’ Equity
December 31, 2018	$	(251,579)	$	1,503,738	$	(3,290)	$	(3,290)	$	(254,869)	$	1,500,448
Net loss	(155,176)		(155,176)		(2,463)		(2,463)		(157,639)		(157,639)
December 31, 2019	(406,755)		1,383,717		(5,753)		(5,753)		(412,508)		1,377,964
Net loss	(345,008)		(345,008)		(3,811)		(3,811)		(348,819)		(348,819)
December 31, 2020	(752,402)		1,118,829		(9,564)		(9,564)		(761,966)		1,109,265

Consolidated Statements of Cash Flows


	Year Ended December 31, 2020						Year Ended December 31, 2019
	As Previously Reported		Adjustments		As Revised		As Previously Reported		Adjustments		As Revised
Net loss	$	(345,008)	$	(3,811)	$	(348,819)	$	(155,176)	$	(2,463)	$	(157,639)
Deferred tax expense (benefit)	37,292		(224)		37,068		(26,277)		(221)		(26,498)
Changes in operating assets and liabilities:
Inventories	1,403		4,035		5,438		(10,608)		2,684		(7,924)
Net cash used in operating activities	(79,422)		—		(79,422)		(91,142)		—		(91,142)

The prior period reclassifications on the consolidated statements of income (loss) are summarized and presented below (in thousands):

•Product remediation has been reclassified to cost of sales

•Merger and integration expenses have been reclassified to other operating expenses

•Restructuring expenses have been reclassified to other operating expenses

•Litigation provision, net has been reclassified to other operating expenses

•Amortization of intangibles has been reclassified to cost of sales or selling, general and administrative based on the nature of the underlying intangible asset

•Decommissioning provision has been reclassified to other operating expenses and

•Loss on debt extinguishment has been reclassified from foreign exchange and other gains/(losses) to loss on debt extinguishment.


	Year Ended December 31, 2020						Year Ended December 31, 2019
	As Revised		Reclassifications		Current Presentation		As Revised		Reclassifications		Current Presentation
Net sales	$	934,241	$	—	$	934,241	$	1,084,170	$	—	$	1,084,170
Cost of sales	312,097		27,381		339,478		326,201		34,164		360,365
Product remediation	7,860		(7,860)		—		15,777		(15,777)		—
Gross profit	614,284		(19,521)		594,763		742,192		(18,387)		723,805
Operating expenses:
Selling, general and administrative	427,770		18,791		446,561		506,478		21,988		528,466
Research and development	152,902		—		152,902		146,849		—		146,849
Merger and integration expenses	7,333		(7,333)		—		23,457		(23,457)		—
Restructuring expenses	7,571		(7,571)		—		12,254		(12,254)		—
Impairment of disposal group	180,160		—		180,160		—		—		—
Impairment of goodwill	21,269		—		21,269		42,417		—		42,417
Impairment of long-lived assets	6,762		—		6,762		142,517		—		142,517
Amortization of intangibles	38,312		(38,312)		—		40,375		(40,375)		—
Decommissioning provision	42,198		(42,198)		—		—		—		—
Litigation provision, net	3,906		(3,906)		—		(601)		601		—
Other operating expenses	—		61,008		61,008		—		35,110		35,110
Operating loss from continuing operations	(273,899)		—		(273,899)		(171,554)		—		(171,554)
Interest income	131		—		131		803		—		803
Interest expense	(40,837)		—		(40,837)		(15,091)		—		(15,091)
Loss on debt extinguishment	—		(1,407)		(1,407)		—		—		—
Foreign exchange and other gains/(losses)	(33,417)		1,407		(32,010)		(2,536)		—		(2,536)
Loss from continuing operations before tax	$	(348,022)	$	—	$	(348,022)	$	(188,378)	$	—	$	(188,378)