XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 116,391 $ 108,441
Accounts receivable, net 177,462 118,694
Inventories, net 173,126 118,459
Income tax receivables 6,453 17,158
Prepaid expenses and other 18,193 12,423
Total current assets 491,625 375,175
Property, plant and equipment, net 10,202 9,774
Goodwill 69,727 69,727
Other intangible assets, net 180,630 198,260
Other assets 24,405 3,088
Total assets 776,589 656,024
Current Liabilities    
Accounts payable 84,703 82,755
Accounts payable - related party 610 2,232
Accrued expenses and other 31,256 29,164
Accrued warranty reserve 3,025 3,049
Income tax payable 629 8,814
Deferred revenue 81,347 149,821
Current portion of contingent consideration 2,168 8,955
Current portion of term loan 4,300 4,313
Other current liabilities 6,457 0
Total current liabilities 214,495 289,103
Long-term liabilities    
Deferred tax liability 6,583 13,114
Contingent consideration, net of current portion 10,784 10,736
Other long-term liabilities 2,953 0
Long-term debt, net of current portion, debt discount and issuance costs 299,212 423,970
Total long-term liabilities 319,532 447,820
Total liabilities 534,027 736,923
Commitments and contingencies (Note 13)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 350,000 and none issued as of September 30, 2021 and December 31, 2020; liquidation preference of $352.8 million and zero at September 30, 2021 and December 31, 2020 235,278 0
Stockholders’ equity/(deficit)    
Preferred stock of $0.001 par value - 4,500,000 shares authorized; zero issued as of September 30, 2021 and December 31, 2020 0 0
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 134,869,467 and 126,994,467 shares issued as of September 30, 2021 and December 31, 2020 135 127
Additional paid-in capital 251,330 140,473
Accumulated deficit (244,181) (221,499)
Total stockholders’ equity/(deficit) 7,284 (80,899)
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity/(deficit) $ 776,589 $ 656,024