Change in Accounting Principle (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Changes and Error Corrections [Abstract]

Schedule of comparative effect of the change in accounting method

The following table presents the comparative effect of the change in accounting method and its impact on the Company’s condensed consolidated statements of operations:

	Three Months Ended June 30, 2020				Six Months Ended June 30, 2020
(in thousands, except for per share amounts)	As Reported		As Adjusted		As Reported		As Adjusted
Total net revenues	$	2,614,080	$	2,614,080	$	5,027,339	$	5,027,339
Cost of sales	2,174,377		2,174,345		4,157,368		4,157,309
Operating, general and administrative	537,877		534,953		1,043,692		1,038,885
Total operating cost and expenses	2,712,254		2,709,298		5,201,060		5,196,194
Operating loss	(98,174)		(95,218)		(173,721)		(168,855)
Loss before income taxes	(104,922)		(101,966)		(212,062)		(207,196)
Income tax expense	84		84		207		207
Net loss	(105,006)		(102,050)		(212,269)		(207,403)
Net loss attributable to Class A and Class B common stockholders	$	(162,869)	$	(159,913)	$	(305,003)	$	(300,137)
Net loss attributable to Class A and Class B common stockholders per share, basic and diluted(1)	$	(5.91)	$	(5.81)	$	(11.74)	$	(11.56)
Weighted-average number of Class A and Class B common shares outstanding used in computing per share amounts, basic and diluted(1)	27,539		27,539		25,974		25,974
Comprehensive loss	$	(104,368)	$	(101,412)	$	(213,881)	$	(209,015)

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(1)As reported net loss per share reflects the retrospective adjustments from the Corporate Conversion described in Note 14 — "Net Loss per Share."

The following table presents the comparative effect of the change in accounting method and its impact on the Company’s condensed consolidated balance sheets:

	As of December 31, 2020
(in thousands)	As Reported		As Adjusted
Stockholders'/members’ equity (deficit)
Common units	$	54,950	$	45,122
Additional paid-in capital	25,036		25,036
Accumulated other comprehensive loss	(31,093)		(31,093)
Accumulated deficit	(4,117,755)		(4,107,927)
Total stockholders'/members’ equity (deficit)	$	(4,068,862)	$	(4,068,862)