XML 74 R56.htm IDEA: XBRL DOCUMENT v3.23.4
RESTATEMENT AND RECLASSIFICATIONS - Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:      
Cash and cash equivalents $ 8,693 $ 12,794  
Restricted cash 1,470 650  
Accounts receivable, net   (18,738)  
Inventories 54,384 21,611  
Prepaid expenses 6,273 4,965  
Other current assets 679 279  
Total current assets 91,043 59,037  
Property and equipment, net 8,328 1,198  
Intangible assets, net 639,165 79,574  
Goodwill 334,620 44,489 $ 44,489
Other non-current assets 535 288  
TOTAL ASSETS 1,090,075 184,586  
CURRENT LIABILITIES:      
Accounts payable   12,680  
Current portion of long-term debt 20,095 15,442  
Other current liabilities 26,123 12,683  
Total current liabilities 72,505 40,805  
Long-term debt, net 159,229 103,423  
Deferred income tax liabilities 22,250 548  
Other non-current liabilities 0 571  
TOTAL LIABILITIES 290,177 145,347  
SHAREHOLDERS' EQUITY:      
Predecessor common shares, 25,000,000 shares authorized; $0.50 par value, 8,000,002 shares issued and outstanding as of December 31, 2021   4,000  
Additional paid-in capital 796,038 100,113  
Accumulated deficit (156,780) (64,849)  
Accumulated other comprehensive loss (29) (25)  
TOTAL SHAREHOLDERS' EQUITY 799,898 39,239  
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,090,075 184,586  
As Reported      
CURRENT ASSETS:      
Cash and cash equivalents   12,794  
Restricted cash   650  
Accounts receivable, net   (63,367)  
Inventories   19,339  
Prepaid expenses   7,944  
Other current assets   335  
Total current assets   104,429  
Property and equipment, net   3,584  
Intangible assets, net   79,574  
Goodwill   44,489  
Other non-current assets   1,497  
TOTAL ASSETS   233,573  
CURRENT LIABILITIES:      
Accounts payable   11,375  
Current portion of long-term debt   15,382  
Other current liabilities   12,983  
Total current liabilities   39,740  
Long-term debt, net   103,423  
Deferred income tax liabilities   548  
Other non-current liabilities   572  
TOTAL LIABILITIES   144,283  
SHAREHOLDERS' EQUITY:      
Predecessor common shares, 25,000,000 shares authorized; $0.50 par value, 8,000,002 shares issued and outstanding as of December 31, 2021   4,000  
Additional paid-in capital   100,113  
Accumulated deficit   (14,798)  
Accumulated other comprehensive loss   (25)  
TOTAL SHAREHOLDERS' EQUITY   89,290  
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   233,573  
Restatement Adjustments      
CURRENT ASSETS:      
Cash and cash equivalents   0  
Restricted cash   0  
Accounts receivable, net   44,629  
Inventories   2,272  
Prepaid expenses   (2,979)  
Other current assets   (56)  
Total current assets   (45,392)  
Property and equipment, net   (2,386)  
Intangible assets, net   0  
Goodwill   0  
Other non-current assets   (1,209)  
TOTAL ASSETS   (48,987)  
CURRENT LIABILITIES:      
Accounts payable   1,305  
Current portion of long-term debt   60  
Other current liabilities   (300)  
Total current liabilities   1,065  
Long-term debt, net   0  
Deferred income tax liabilities   0  
Other non-current liabilities   (1)  
TOTAL LIABILITIES   1,064  
SHAREHOLDERS' EQUITY:      
Predecessor common shares, 25,000,000 shares authorized; $0.50 par value, 8,000,002 shares issued and outstanding as of December 31, 2021   0  
Additional paid-in capital   0  
Accumulated deficit   (50,051)  
Accumulated other comprehensive loss   0  
TOTAL SHAREHOLDERS' EQUITY   (50,051)  
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $ (48,987)