Revenue Recognition

9 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Product revenue is primarily processed tobacco sold to the customer. Processing and other revenues are mainly contracts to process customer-owned green tobacco. During processing, ownership remains with the customers. For the period ended December 31, 2020, the other products and services revenue was primarily composed of revenue from the sale of legal cannabis in Canada and e-liquids product revenue. For the period ended December 31, 2021, the other products and services revenue was primarily composed of e-liquids product revenue. The following disaggregates sales and other operating revenues by major source:

	Three months ended December 31, 2021		Three months ended December 31, 2020
Leaf - North America:
Product revenue	$	45,421	$	46,588
Processing and other revenues	14,573		13,956
Total sales and other operating revenues	59,994		60,544
Leaf - Other Regions:
Product revenue	349,402		298,376
Processing and other revenues	16,728		12,007
Total sales and other operating revenues	366,130		310,383
Other Products and Services:
Total sales and other operating revenues	2,818		8,633
Total sales and other operating revenues	$	428,942	$	379,560

	Successor				Predecessor
	Nine months ended December 31, 2021		Four months ended December 31, 2020		Five months ended August 31, 2020
Leaf - North America:
Product revenue	$	175,431	$	63,693	$	51,211
Processing and other revenues	24,852		16,828		6,523
Total sales and other operating revenues	200,283		80,521		57,734
Leaf - Other Regions:
Product revenue	888,849		387,785		355,902
Processing and other revenues	57,805		19,586		24,595
Total sales and other operating revenues	946,654		407,371		380,497
Other Products and Services:
Total sales and other operating revenues	9,496		9,502		9,369
Total sales and other operating revenues	$	1,156,433	$	497,394	$	447,600

The following summarizes activity in the allowance for expected credit losses:

	Three months ended December 31, 2021		Three months ended December 31, 2020
Balance, beginning of period	$	(23,641)	$	(15,091)
Additions	(251)		(2,187)
Write-offs	—		—
Balance, end of period	(23,892)		(17,278)
Trade receivables	213,103		194,834
Trade receivables, net	$	189,211	$	177,556

	Successor				Predecessor
	Nine months ended December 31, 2021		Four months ended December 31, 2020		Five months ended August 31, 2020
Balance, beginning of period	$	(20,900)	$	(15,361)	$	(15,893)
Additions	(3,139)		(2,187)		—
Write-offs	147		270		532
Balance, end of period	(23,892)		(17,278)		(15,361)
Trade receivables	213,103		194,834		167,670
Trade receivables, net	$	189,211	$	177,556	$	152,309