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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 19, 2019
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net (loss) income $ (24,781) $ (31,935) $ (287,977) $ 13,743
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Depreciation and amortization 1,989 19,606 24,453 10,055
Goodwill and tradename intangible assets impairment     190,777  
Stock-based compensation   20,683 4,950  
Amortization of deferred financing costs 213 841 1,026 1,243
Warrant issuance costs     1,386  
Change in fair value of warrant liabilities   19,700 6,100  
Provision for doubtful accounts 8   172 18
Inventories write-downs     6,000  
Loss from write-offs of property and equipment     90  
Loss on extinguishment of debt 3,413      
Allocation of Parent corporate overhead       11,731
Deferred income taxes (9) (643) 1,575 (1)
Changes in:        
Accounts receivable 1,671 (6,840) 27,347 (2,107)
Inventories (406) 352 2,866 (6,966)
Prepaid expenses 1,073 (1,714) 705 (1,798)
Other current assets 213 (776) 725 (340)
Note receivable due from affiliate of Parent       (238)
Other non-current assets (1,003) (854) (2,974) 652
Accounts payable 8,313 7,529 (14,836) 1,730
Accounts payable – related parties (6,553)     (3,650)
Accrued expenses 19,792 (30,078) 1,538 7,698
Other current liabilities (288) 317 (139) 499
Income taxes payable 42 409 (900) (84)
Income tax contingency   69 443  
Deferred rent 37 160 123 202
Net cash (used in) provided by operating activities 3,733 (3,174) (36,550) 32,387
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (517) (2,909) (2,132) (4,983)
Acquisition of OSW Predecessor, net of cash acquired   (676,453)    
Net cash used in investing activities (517) (679,362) (2,132) (4,983)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from the issuance of common shares   122,510    
Net proceeds from Haymaker and private placement investors   349,390    
Proceeds from 2020 private placement, net of issuance costs paid     68,602  
Proceeds from At-the Market Equity Offering, net of issuance costs paid     11,090  
Proceeds from the term loan and revolver facilities   245,900 20,000  
Dividend paid on common stock     (2,445)  
Purchase of public warrants     (879)  
Proceeds from conversion of public warrants into common shares   11    
Payment of deferred financing costs   (6,892)    
Repayment on term loan and revolver facilities   (18,442) (13,000)  
Proceeds from amounts due from related party   3,187    
Net distributions to Parent and its affiliates (4,262)     (15,690)
Distributions to noncontrolling interest (267) (834) (4,011) (4,867)
Cash paid to acquire noncontrolling interest     (10,810)  
Net cash provided by (used in) financing activities (4,529) 694,830 68,547 (20,557)
Effect of exchange rate changes on cash 649 (205) (280) (216)
Net increase (decrease) in cash and cash equivalents and restricted cash (664) 12,089 29,585 6,631
Cash and cash equivalents and restricted cash, Beginning of period 15,302 1,774 13,863 8,671
Cash and cash equivalents and restricted cash, End of period 14,638 13,863 43,448 15,302
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Income taxes 73 409 115 1,038
Interest   12,347 11,730 30,344
Non-cash transactions:        
Equity consideration paid in connection with the Business Combination   167,300    
Initial measurement of warrants accounted for as a liability   36,200 16,200  
Unpaid declared dividends   $ 2,445 2,449  
Common stock issued to purchase noncontrolling interest     1,507  
2020 Private Placement issuance cost accrued     381  
At-the Market Equity Offering issuance cost accrued     $ 267  
Vendor-financed purchase of fixed assets       306
Fixed assets transferred from Parent       125
Allocation of Parent corporate overhead       11,731
Assignment and assumption of Parent long-term debt       351,197
Note receivable from affiliate of Parent forgiven by Parent       6,841
Repayment of long-term debt by Parent on behalf of the company $ 351,482      
Write-off of income tax payable for separate return method       $ 1,174