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Restatement of Previously Issued Financial Statements (Tables)
12 Months Ended
Dec. 31, 2021
Restatement of Previously Issued Financial Statements  
Schedule of error corrections and prior period adjustments

(in thousands of United States dollars except share and per share amounts)

As of December 31, 2021

As Previously

Restatement

    

Reported

    

Adjustment

    

As Restated

Assets

 

  

 

  

 

  

Current assets

 

  

 

  

 

  

Cash and cash equivalents

$

20,775

$

$

20,775

Restricted cash

 

27,285

 

 

27,285

Accounts receivable, net of allowance for doubtful accounts of $6,049

 

184,102

 

 

184,102

Related party receivables and prepaid expenses

 

715

 

 

715

Inventories, net

 

15,215

 

 

15,215

Prepaid expenses and other current assets

 

31,799

 

 

31,799

Total current assets

 

279,891

 

 

279,891

Property, plant and equipment, net of accumulated depreciation of $196,683

 

73,449

 

 

73,449

Operating lease right-of-use assets, net

 

53,937

 

 

53,937

Goodwill

 

358,323

 

 

358,323  

Intangible assets, net

 

244,539

 

 

244,539

Deferred income tax assets

 

2,109

 

 

2,109

Other noncurrent assets

 

24,775

 

 

24,775

Total assets

$

1,037,023

$

$

1,037,023

Liabilities and Stockholders’ Equity (Deficit)

 

  

 

  

 

  

Liabilities

 

  

 

  

 

  

Current liabilities

 

  

 

  

 

  

Accounts payable

$

61,744

$

$

61,744

Related party payables

 

1,484

 

 

1,484

Income tax payable

 

3,551

 

 

3,551

Accrued liabilities

 

113,519

 

 

113,519

Accrued compensation and benefits

 

60,860

 

 

60,860

Accrued interest

 

10,075

 

 

10,075

Customer deposits

 

17,707

 

 

17,707

Deferred revenue

 

16,617

 

 

16,617

Obligation for claim payment

 

46,902

 

 

46,902

Current portion of finance lease liabilities

 

6,683

 

 

6,683

Current portion of operating lease liabilities

 

15,923

 

 

15,923

Current portion of long-term debts

 

144,828

 

91,947

 

236,775

Total current liabilities

 

499,893

 

91,947

 

591,840

Long-term debt, net of current maturities

 

1,104,399

 

(91,947)

 

1,012,452

Finance lease liabilities, net of current portion

 

9,156

 

 

9,156

Pension liabilities, net

 

28,383

 

 

28,383

Deferred income tax liabilities

 

11,594

 

 

11,594

Long-term income tax liabilities

 

3,201

 

 

3,201

Operating lease liabilities, net of current portion

 

41,170

 

 

41,170

Other long-term liabilities

 

5,999

 

 

5,999

Total liabilities

 

1,703,795

 

 

1,703,795

Commitments and Contingencies (Note 14)

 

  

 

  

 

  

Stockholders’ equity (deficit)

 

  

 

  

 

  

Common Stock, par value of $0.0001 per share; 1,600,000,000 shares authorized; 267,646,667 shares issued and 265,194,961 shares outstanding at December 31, 2021

 

37

 

 

37

Preferred stock, par value of $0.0001 per share; 20,000,000 shares authorized; 2,778,111 shares issued and outstanding at December 31, 2021

 

1

 

 

1

Additional paid in capital

 

838,853

 

 

838,853

Less: Common Stock held in treasury, at cost; 2,451,706 shares at December 31, 2021

 

(10,949)

 

 

(10,949)

Equity-based compensation

 

56,123

 

 

56,123

Accumulated deficit

 

(1,532,428)

 

 

(1,532,428)

Accumulated other comprehensive loss:

 

 

  

 

  

Foreign currency translation adjustment

 

(7,463)

 

 

(7,463)

Unrealized pension actuarial losses, net of tax

 

(10,946)

 

 

(10,946)

Total accumulated other comprehensive loss

 

(18,409)

 

 

(18,409)

Total stockholders’ deficit

 

(666,772)

 

 

(666,772)

Total liabilities and stockholders’ deficit

$

1,037,023

$

$

1,037,023