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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value of Financial Instruments  
Summary of carrying amounts and fair values of financial assets and liabilities

 

March 31, 2022

 

December 31, 2021

Financial Assets (Liabilities) Not Measured at Fair Value

    

Carrying
Amount

    

Fair Value

    

Carrying
Amount

    

Fair Value

ABL Facility (See Note 8) - Level 2

$

(16,000)

$

(16,000)

$

 

$

Senior Secured Notes (See Note 8) - Level 1

$

(331,205)

$

(346,793)

$

(330,212)

$

(348,075)

Summary of inputs used to calculate the fair value of the warrant liabilities

March 31,

December 31,

2022

2021

Exercise Price

$

11.50

$

11.50

Stock Price

$

6.00

$

3.56

Dividend Yield

%

0.00

%

0.00

Expected Term (in Years)

1.96

2.20

Risk-Free Interest Rate

%

2.23

%

0.78

Expected Volatility

%

48.00

%

64.00

Per Share Value of Warrants

$

0.53

$

0.30

Schedule of changes in Level 3 liabilities measured at fair value

Private Placement Warrants

Balance at December 31, 2021

$

1,600

Change in fair value of warrant liabilities

1,227

Balance at March 31, 2022

$

2,827