XML 58 R46.htm IDEA: XBRL DOCUMENT v3.22.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock-based compensation expense

Successor

Predecessor

 

January 16,  

January 1,  

2020  

2020  

Year Ended

Through 

Through  

December 31, 

December 31, 

January 15,

(in thousands)

2021

2020

2020

Cost of sales

 

$

33

 

$

 

$

General and administrative

10,909

929

13

Total share-based compensation expense

$

10,942

$

929

$

13

Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of RSU activity

Weighted

 Average 

Number of

 Grant Date 

(in thousands)

Shares

 Fair Value

Outstanding as of December 31, 2020

$

Granted

1,988

11.40

Forfeited

(33)

11.55

Outstanding as of December 31, 2021

1,955

$

11.40

Incentive Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of RSU activity

    

Weighted

 Average 

 Grant Date 

(in thousands)

Units

 Fair Value

Granted on January 16, 2020

660

 

$

9.44

Granted

20

$

9.44

Forfeited

(40)

 

$

9.44

Outstanding at December 31, 2020

640

$

9.44

Granted

143

$

51.11

Vested

(104)

$

9.44

Forfeited

(20)

$

18.77

Outstanding at December 31, 2021

659

$

18.19

Units vested at December 31, 2021

104

$

9.44

Units outstanding and expected to vest as of December 31, 2021

659

 

$

18.19

Schedule of assumptions used for grants of awards

January 16,  

Year

2020  

Ended

through  

December 31,

December 31,

2021

2020

Annual risk-free rate of return

0.32

%

1.62

%

Expected volatility

37.2

%

32.5

%

Expected term

4.0 years

5.0 years

Dividend yield

%

%

Stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used for grants of awards

Annual risk-free rate of return

1.87

%

Expected volatility

39.2

%

Expected term

7.0 years

Dividend yield

%

Share-based Payment Arrangement, Option, Activity [Table Text Block]

    

Weighted

 Average 

 Grant Date 

(in thousands)

Options

 Fair Value

Outstanding at January 15, 2020 and December 31, 2019

466

 

$

6.19

Options vested and exercisable at January 15, 2020

222

 

$

6.19

Nonvested options outstanding at January 15, 2020

244

 

$

6.19

Nonvested Options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Payment Arrangement, Option, Activity [Table Text Block]

    

Weighted

 Average 

 Grant Date 

(in thousands)

Options

 Fair Value

Nonvested at January 1, 2020

247

 

$

2.53

Vested

(3)

$

2.53

Nonvested at January 15, 2020

244

 

$

2.53