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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements at Reporting Date
(in thousands)As of December 31, 2020
Carrying ValueFair Value
Level 1Level 2Level 3
Revolving credit facility$130,000 $— $130,000 $— 
(in thousands)As of December 31, 2019
Carrying ValueFair Value
Level 1Level 2Level 3
Revolving credit facility$39,527 $— $39,527 $— 
Unsecured Senior Notes54,765 — — 54,600 
Summary of Change in the Estimated Fair Value of Private Placement Warrants
The following table summarizes changes in the estimated fair value of the Company’s warrant liability:
(in thousands)December 31, 2019
Balance at beginning of year
$35,100 
Change in value of warrants *
1,352 
Settlement of warrants(36,452)
Balance at end of year
$— 
*     The change in value of the warrant liability is presented in Loss from change in value and exercise of warrants in the Company’s Consolidated Statements of Operations. The change in value for the year ended December 31, 2019 includes the impact of Weichai exercising the warrant in April 2019.