Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of disaggregated revenue

The Company disaggregates revenue from contracts with customers into geographic region, product and timing of transfer of goods and services. The Company determined that disaggregating revenue into these categories achieves the disclosure objective of depicting how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

Revenues for the year ended December 31, 2019

(in thousands)
Region	North America		EMEA		Latin America		Asia Pacific		Total Revenue
Product
1-MCP based	$	40,012	$	63,109	$	28,199	$	14,513	$	145,833
Fungicides, waxes, coatings, sanitizers	712		16,803		3,172		—		20,687
Other*	1,523		1,374		447		201		3,545
Total	$	42,247	$	81,286	$	31,818	$	14,714	$	170,065
Pattern of Revenue Recognition
Products transferred at a point in time	$	41,122	$	79,811	$	31,618	$	14,535	$	167,086
Services transferred over time	1,125		1,475		200		179		2,979
Total	$	42,247	$	81,286	$	31,818	$	14,714	$	170,065

Revenues for the year ended December 31, 2018

(in thousands)
Region	North America		EMEA		Latin America		Asia Pacific		Total Revenue
Product
1-MCP based	$	40,597	$	71,960	$	26,820	$	15,082	$	154,459
Fungicides, waxes, coatings, sanitizers	651		20,766		—		—		21,417
Other*	2,022		530		358		—		2,910
Total	$	43,270	$	93,256	$	27,178	$	15,082	$	178,786
Pattern of Revenue Recognition
Products transferred at a point in time	$	42,555	$	92,555	$	27,101	$	14,602	$	176,813
Services transferred over time	715		701		77		480		1,973
Total	$	43,270	$	93,256	$	27,178	$	15,082	$	178,786

*Other includes FreshCloud, technical services and sales-type leases related to Tecnidex.

Schedule of changes in contract assets and liabilities

The following table presents changes in the Company’s contract assets and liabilities during the twelve months ended December 31, 2019:

(in thousands)	Balance at January 1, 2019	Additions	Deductions	Balance at December 31, 2019
Contract assets:
Unbilled revenue	1,956	10,029	(10,319)	1,666
Contract liabilities:
Deferred revenue	1,280	3,032	(3,137)	1,175

The following table presents changes in the Company’s contract assets and liabilities during the twelve months ended Balance at December 31, 2018:

(in thousands)	Balance at January 1, 2018	Additions	Deductions	Balance at December 31, 2018
Contract assets:
Unbilled revenue	739	7,117	(5,900)	1,956
Contract liabilities:
Deferred revenue	100	4,428	(3,248)	1,280

Summary of affect of ASC 606 on financial statements

The following table summarizes the amounts by which the consolidated financial statements are affected in the current reporting period by ASC 606 as compared with the guidance that was in effect before the change.

Balance at December 31, 2018
(in thousands)	As reported		ASC 606 Adjustments		Balances without adoption of ASC 606
Consolidated Balance Sheet
Liabilities:
Accrued expenses and other current liabilities	$	45,340	$	(1,093)	$	44,247
Equity:
Accumulated deficit	$	(138,789)	$	1,093	$	(137,696)

Year ended December 31, 2018
(in thousands)	As reported	ASC 606 Adjustments	Balances without adoption of ASC 606
Consolidated Statement of Operations
Revenue
Net sales	178,786	1,093	179,879
Net loss attributable to AgroFresh Solutions, Inc.	(30,060)	853	(29,207)

Schedule of estimated useful lives

Estimated useful lives are as follows:

Leasehold improvements	Shorter of useful life or lease term
Machinery & Equipment	1—12 years
Furniture	1—12 years