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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following fair value hierarchy table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis (amounts in thousands):
Fair value measurement at reporting date using
Quoted prices
in active markets for
identical assets
(Level 1)
Significant
other
observable inputs (Level 2)
Significant
unobservable inputs
(Level 3)
December 31, 2021 (Successor)
Liabilities
Note Purchase Agreement$— $— $75,700 
Contingent Value Rights$— $— $37,700 
Fair value measurement at reporting date using
Quoted prices
in active markets for
identical assets
(Level 1)
Significant
other
observable inputs (Level 2)
Significant
unobservable inputs
(Level 3)
December 31, 2020 (Predecessor)
Liabilities
Derivative liability$— $— $913 
Reconciliation of the Redemption Feature Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs
The reconciliation of the redemption feature measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows (amounts in thousands):
Contingent Value RightsNote Purchase AgreementDerivative Liability
Balance at January 1, 2021 (Predecessor)
$— $— $913 
Additions— — — 
Change in fair value— — — 
Settlements— — (913)
Balance at January 29, 2021 (Predecessor)
$— $— $— 
Balance at January 30, 2021 (Successor)
$— $— $— 
Additions22,618 75,000 — 
Change in fair value 15,082 700 — 
Balance at December 31, 2021 (Successor)$37,700 $75,700 $—