XML 43 R29.htm IDEA: XBRL DOCUMENT

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing the audited consolidated financial statements as of December 31, 2021, the Company has evaluated subsequent events through March 1, 2022. Share Repurchases In January 2022, the Company repurchased 1,008,779 shares of Class A common stock at an aggregate price of $17.8 million through market purchase transactions under the share repurchase program approved by the Company’s Board of Directors in December 2021. Agreement with Celestica In January 2022, the Company entered into an Equipment and Tooling Agreement (the “Agreement”) with Celestica. Under the Agreement, the Company desires to have Celestica develop and build certain Company specific production equipment (including automation equipment) and tooling that will be used to manufacture or test the products or pre-production units of products for the Company and to perform certain services associated with the manufacturing processes of the products. Under the Agreement, the Company may elect to pay Celestica $26.9 million either in cash or Class A common stock. Payment will be owed to Celestica upon meeting of certain milestones as specified in the Agreement.