Stockholders' equity

3 Months Ended

Mar. 31, 2021

Stockholders' equity

Stockholders' Equity

10. STOCKHOLDERS’ EQUITY

On March 22, 2021, the Company completed the Offering of 10 million shares of common stock, par value $0.0001 per share, at a public offering price of $40 per share. The Company received proceeds of $380 million, net of $20 million of transaction fees as of March 31, 2021.

As of March 31, 2021 and December 31, 2020, the Company had 2.4 million shares authorized and no shares outstanding of the Series A Preferred stock.

Changes in the components of Accumulated other comprehensive (loss) income are as follows:

	Foreign Currency Translation Adjustments		Unrealized Loss on Interest Rate Swaps		Loss on Pension and Other Postretirement Plans		Total Accumulated Other Comprehensive Loss
Balance as of December 31, 2020	$	1	$	(20)	$	(101)	$	(120)
Other comprehensive (loss) income		(1)		6		1		6
Tax benefit (expense)		—		—		—		—
Balance as of March 31, 2021	$	—	$	(14)	$	(100)	$	(114)