Correction of Prior Period Errors (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The effect of the correction of the errors noted above on the Company's consolidated balance sheet as of December 31, 2019 is as follows:

	December 31, 2019
(in thousands)	As Reported	Adjustment	Revised
Deferred income tax liabilities	16,574	(7,357)	9,217
Total Liabilities	471,662	(7,357)	464,305
Redeemable non-controlling interest	—	7,701	7,701
Additional paid-in capital	561,006	(116)	560,890
Accumulated deficit	(199,621)	7,357	(192,264)
Total AgroFresh Stockholders' Equity	326,445	7,241	333,686
Non-controlling interest	7,585	(7,585)	—
TOTAL STOCKHOLDERS' EQUITY	334,030	(344)	333,686

The effect of the correction of the errors noted above on the Company's consolidated statements of (loss) income for the year ended December 31, 2019 is as follows:

	Year Ended December 31, 2019
(in thousands except per share data)	As Reported	Adjustment	Revised
Benefit for income taxes	(17,143)	(7,357)	(24,500)
Net (loss) income including non-controlling interests	(61,510)	7,357	(54,153)
Net loss (income) attributable to non-controlling interests	678	(116)	562
Net (loss) income attributable to AgroFresh Solutions, Inc.	(60,832)	7,241	(53,591)
Net loss (income) per share:
Basic	($1.21)	$0.14	($1.07)
Diluted	($1.21)	$0.14	($1.07)

The effect of the correction of the errors noted above on the Company's consolidated statements of comprehensive loss for the year ended December 31, 2019 is as follows:

	Year Ended December 31, 2019
(in thousands)	As Reported	Adjustment	Revised
Net loss (income)	(61,510)	7,357	(54,153)
Comprehensive loss, net of tax	(63,733)	7,357	(56,376)

The effect of the correction of the errors noted above on the Company's consolidated statements of cash flows for the year ended December 31, 2019 is as follows:

	Year Ended December 31, 2019
(in thousands)	As Reported	Adjustment	Revised
Net loss (income)	(61,510)	7,357	(54,153)
Deferred income taxes	(21,631)	(7,357)	(28,988)

The effect of the correction of the errors noted above to the Company's previously issued unaudited condensed consolidated balance sheets as of March 31, 2019, June 30, 2019 and September 30, 2019 are as follows:

	March 31, 2019			June 30, 2019			September 30, 2019
(in thousands)	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised
Redeemable non-controlling interest	—	8,297	8,297	—	8,205	8,205	—	7,927	7,927
Non-controlling Interest	8,297	(8,297)	—	8,205	(8,205)	—	7,927	(7,927)	—
Total Stockholders' Equity	355,998	(8,297)	347,701	341,434	(8,205)	333,229	341,243	(7,927)	333,316

The effect of the correction of the errors noted above to the Company's previously reported unaudited condensed consolidated balance sheets as of March 31, 2020, June 30, 2020 and September 30, 2020 are as follows:

	March 31, 2020			June 30, 2020			September 30, 2020
(in thousands)	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised
Deferred income tax liabilities	15,156	(7,357)	7,799	11,677	(7,357)	4,320	35,577	—	35,577
Total Liabilities	466,605	(7,357)	459,248	462,165	(7,357)	454,808	357,810	—	357,810
Redeemable non-controlling interest	—	7,604	7,604	—	7,734	7,734	—	8,049	8,049
Additional paid-in capital	561,483	(185)	561,298	562,584	(512)	562,072	559,037	(1,321)	557,716
Accumulated deficit	(203,269)	7,357	(195,912)	(219,823)	7,357	(212,466)	(241,710)	—	(241,710)
Total AgroFresh Stockholders' Equity	313,152	7,172	320,324	298,050	6,845	304,895	272,283	(1,321)	270,962
Non-controlling interest	7,419	(7,419)	—	7,222	(7,222)	—	6,728	(6,728)	—
Total Stockholders' Equity	320,571	(247)	320,324	305,272	(377)	304,895	279,011	(8,049)	270,962

The effect of the correction of the errors noted above to the Company's previously reported unaudited condensed consolidated statements of operations for the three month periods ended March 31, 2020, June 30, 2020 and September 30, 2020 are as follows:

	Three Months Ended March 31, 2020			Three Months Ended June 30, 2020			Three Months Ended September 30, 2020
(in thousands except per share data)	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised
(Benefit) provision for income taxes	(3,831)	—	(3,831)	630	—	630	25,857	7,357	33,214
Net loss including non-controlling interest	(3,814)	—	(3,814)	(16,751)	—	(16,751)	(22,381)	(7,357)	(29,738)
Net loss (income) attributable to non-controlling interests	166	(69)	97	197	(327)	(130)	494	(809)	(315)
Net loss attributable to AgroFresh Solutions, Inc.	(3,648)	(69)	(3,717)	(16,554)	(327)	(16,881)	(21,887)	(8,166)	(30,053)
Net loss attributable to AgroFresh Solutions, Inc. Common Stockholders	(3,648)	(69)	(3,717)	(16,554)	(327)	(16,881)	(26,287)	(8,166)	(34,453)
Net loss per share:
Basic	($0.08)	$0.01	($0.07)	($0.33)	—	($0.33)	($0.52)	($0.16)	($0.68)
Diluted	($0.08)	$0.01	($0.07)	($0.33)	—	($0.33)	($0.52)	($0.16)	($0.68)

The effect of the correction of the errors noted above to the Company's previously reported unaudited condensed consolidated statements of operations for the year-to-date periods ending March 31, 2020, June 30, 2020 and September 30, 2020 are as follows:

	Three Months Ended March 31, 2020			Six Months Ended June 30, 2020			Nine Months Ended September 30, 2020
(in thousands except per share data)	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised
(Benefit) provision for income taxes	(3,831)	—	(3,831)	(3,201)	—	(3,201)	22,656	7,357	30,013
Net loss including non-controlling interest	(3,814)	—	(3,814)	(20,565)	—	(20,565)	(42,946)	(7,357)	(50,303)
Net loss (income) attributable to non-controlling interests	166	(69)	97	363	(396)	(33)	857	(1,205)	(348)
Net loss attributable to AgroFresh Solutions, Inc.	(3,648)	(69)	(3,717)	(20,202)	(396)	(20,598)	(42,089)	(8,562)	(50,651)
Net loss attributable to AgroFresh Solutions, Inc. Common Stockholders	(3,648)	(69)	(3,717)	(20,202)	(396)	(20,598)	(46,489)	(8,562)	(55,051)
Net loss per share:
Basic	($0.08)	$0.01	($0.07)	($0.41)	—	($0.41)	($0.92)	($0.16)	($1.08)
Diluted	($0.08)	$0.01	($0.07)	($0.41)	—	($0.41)	($0.92)	($0.16)	($1.08)

The effect of the correction of the errors noted above for the three and nine months ended September 30, 2020 are as follows:

	Three Months Ended September 30, 2020			Nine Months Ended September 30, 2020
(in thousands)	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised
Net loss including non-controlling interest	(22,381)	(7,357)	(29,738)	(42,946)	(7,357)	(50,303)
Comprehensive loss, net of tax	(22,714)	(7,357)	(30,071)	(53,050)	(7,357)	(60,407)

The effect of the correction of the errors noted above to the Company's previously reported unaudited condensed consolidated statements of cash flows for the year-to-date periods ended March 31, 2019, June 30, 2019 and September 30, 2019 are as follows:

	Three Months Ended March 31, 2020			Six Months Ended June 30, 2020			Nine Months Ended September 30, 2020
(in thousands)	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised	As Reported	Adjustment	Revised
Net loss including non-controlling interest	(3,814)	—	(3,814)	(20,565)	—	(20,565)	(42,946)	(7,357)	(50,303)
Deferred income tax liability	(5,231)	—	(5,231)	(5,668)	—	(5,668)	18,086	7,357	25,443