Restatement of Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2024

Quarterly Financial Information Disclosure [Abstract]

Restatement of Quarterly Financial Information (Unaudited)

Note 22 – Restatement of Quarterly Financial Information (Unaudited)

The following tables reflect the impact of the restatements to the specific line items presented in the Company’s previously reported Condensed Consolidated Statement of Loss and the Condensed Consolidated Statement of Comprehensive Loss for the three months ended March 31, 2024, the three and six months ended June 30, 2024, the three and nine months ended September 30, 2024 and the three months ended December 31, 2024. The Company will restate its previously reported 2024 quarterly financial information based on the summary tables presented below in its future filings with the SEC, as applicable. As discussed in the 2024 Form 10-K, we had revised and planned to revise certain of our previously issued consolidated financial statements. As the condensed consolidated financial statements effectuating the revision for the March 31, 2024 and June 30, 2024 quarterly periods have not yet been reissued as of the date of filing this Form 10-K/A, the revision errors impacting these periods have been subsumed into the restatement of those condensed consolidated financial statements noted below. The impacts of the restatements on 2023 quarters to net loss were $0.5 million, $0.0 million, $0.1 million and $1.8 million for the first, second, third and fourth quarters, respectively.

		Three Months Ended March 31, 2024
	Adj Reference	As Reported			Adjustment			As Restated
Revenue
Network Solutions		$	181,273		$	—		$	181,273
Services & Support			44,900			—			44,900
Total Revenue			226,173			—			226,173
Cost of Revenue
Network Solutions	ADJ 3		126,326			1,940			128,266
Network Solutions - inventory write-down and other charges			8,782			—			8,782
Services & Support			18,810			—			18,810
Total Cost of Revenue			153,918			1,940			155,858
Gross Profit			72,255			(1,940	)		70,315
Selling, general and administrative expenses			59,100			(109	)		58,991
Research and development expenses			60,251			(36	)		60,215
Goodwill impairment	ADJ 4		292,583			4,770			297,353
Operating Loss			(339,679	)		(6,565	)		(346,244	)
Interest and dividend income			397			—			397
Interest expense			(4,598	)		—			(4,598	)
Net investment gain			2,253			—			2,253
Other income (expense), net			1,310			—			1,310
Loss Before Income Taxes			(340,317	)		(6,565	)		(346,882	)
Income tax benefit			18,647			—			18,647
Net Loss		$	(321,670	)	$	(6,565	)	$	(328,235	)
Less: Net Income (Loss) attributable to non-controlling interest(1)	ADJ 1		2,880			(350	)		2,530
Net Loss attributable to ADTRAN Holdings, Inc.		$	(324,550	)	$	(6,215	)	$	(330,765	)
Weighted average shares outstanding – basic			78,814			78,814			78,814
Weighted average shares outstanding – diluted			78,814			78,814			78,814
Loss per common share attributable to ADTRAN Holdings, Inc. – basic		$	(4.12	)	$	(0.08	)	$	(4.20	)
Loss per common share attributable to ADTRAN Holdings, Inc. – diluted		$	(4.12	)	$	(0.08	)	$	(4.20	)
Net Loss		$	(321,670	)	$	(6,565	)	$	(328,235	)
Other Comprehensive (Loss) Income, net of tax
Net unrealized gain on available-for-sale securities			—			—			—
Defined benefit plan adjustments			(60	)		—			(60	)
Foreign currency translation (loss) gain	ADJ 1, 3		(17,745	)		(28	)		(17,773	)
Other Comprehensive (Loss) Income, net of tax			(17,805	)		(28	)		(17,833	)
Comprehensive Loss, net of tax			(339,475	)		(6,593	)		(346,068	)
Less: Comprehensive Income attributable to non-controlling interest, net of tax	ADJ 1		2,880			(349	)		2,531
Comprehensive Loss attributable to ADTRAN Holdings, Inc., net of tax		$	(342,355	)	$	(6,244	)	$	(348,599	)

(1) For the three months ended March 31, 2024, we recognized $2.5 million of net gain attributable to non-controlling interest, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA.

		Three Months Ended June 30, 2024									Six Months Ended June 30, 2024
	Adj Reference	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Revenue
Network Solutions		$	179,194		$	—		$	179,194		$	360,467		$	—		$	360,467
Services & Support			46,797			—			46,797			91,697			—			91,697
Total Revenue			225,991			—			225,991			452,164			—			452,164
Cost of Revenue
Network Solutions	ADJ 3		124,457			316			124,773			250,783			2,256			253,039
Network Solutions - Inventory Write Down			143			—			143			8,925			—			8,925
Services & Support			19,816			—			19,816			38,626			—			38,626
Total Cost of Revenue			144,416			316			144,732			298,334			2,256			300,590
Gross Profit			81,575			(316	)		81,259			153,830			(2,256	)		151,574
Selling, general and administrative expenses			59,493			(129	)		59,364			118,593			(238	)		118,355
Research and development expenses			60,388			(36	)		60,352			120,639			(72	)		120,567
Goodwill impairment			—			—			—			292,583			4,770			297,353
Operating Loss			(38,306	)		(151	)		(38,457	)		(377,985	)		(6,716	)		(384,701	)
Interest and dividend income			366			—			366			763			—			763
Interest expense			(6,906	)		—			(6,906	)		(11,504	)		—			(11,504	)
Net investment gain (loss)			872			—			872			3,125			—			3,125
Other income (expense), net			(901	)		—			(901	)		409			—			409
Loss Before Income Taxes			(44,875	)		(151	)		(45,026	)		(385,192	)		(6,716	)		(391,908	)
Income tax (expense) benefit			(2,136	)		—			(2,136	)		16,511			—			16,511
Net Loss		$	(47,011	)	$	(151	)	$	(47,162	)	$	(368,681	)	$	(6,716	)	$	(375,397	)
Net Income (Loss) attributable to non-controlling interest (1)	ADJ 1		2,854			(349	)		2,505			5,734			(699	)		5,035
Net Loss attributable to ADTRAN Holdings, Inc.		$	(49,865	)	$	198		$	(49,667	)	$	(374,415	)	$	(6,017	)	$	(380,432	)
Weighted average shares outstanding – basic			78,852			78,852			78,852			78,803			78,803			78,803
Weighted average shares outstanding – diluted			78,852			78,852			78,852			78,803			78,803			78,803
Loss per common share attributable to ADTRAN Holdings, Inc. – basic		$	(0.63	)	$	0.00		$	(0.63	)	$	(4.75	)	$	(0.08	)	$	(4.83	)
Loss per common share attributable to ADTRAN Holdings, Inc. – diluted		$	(0.63	)	$	0.00		$	(0.63	)	$	(4.75	)	$	(0.08	)	$	(4.83	)
											$	—		$	—		$	—
Net Loss		$	(47,011	)	$	(151	)	$	(47,162	)	$	(368,681	)	$	(6,716	)	$	(375,397	)
Other Comprehensive Loss, net of tax
Defined benefit plan adjustments			(7	)		—			(7	)		(67	)		—			(67	)
Foreign currency translation gain (loss)	ADJ 1, 3, 4		(1,375	)		(67	)		(1,442	)		(19,120	)		(95	)		(19,215	)
Other Comprehensive Loss, net of tax			(1,382	)		(67	)		(1,449	)		(19,187	)		(95	)		(19,282	)
Comprehensive Loss, net of tax			(48,393	)		(218	)		(48,611	)		(387,868	)		(6,811	)		(394,679	)
Less: Comprehensive Income attributable to non-controlling interest	ADJ 1		2,854			(350	)		2,504			5,734			(699	)		5,035
Comprehensive Loss attributable to ADTRAN Holdings, Inc., net of tax		$	(51,247	)	$	132		$	(51,115	)	$	(393,602	)	$	(6,112	)	$	(399,714	)

(1) For the three and six months ended June 30, 2024, we recognized $2.5 million and $5.0 million, respectively, net income attributable to non-controlling interest, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA.

		Three Months Ended September 30, 2024									Nine Months Ended September 30, 2024
	Adj Reference	As Reported			Adjustment			As Restated			As Reported			Adjustment			As Restated
Revenue
Network Solutions		$	181,488		$	—		$	181,488		$	541,955		$	—		$	541,955
Services & Support			46,216			—			46,216			137,913			—			137,913
Total Revenue			227,704			—			227,704			679,868			—			679,868
Cost of Revenue
Network Solutions	ADJ 3		126,103			2,217			128,320			376,886			4,473			381,359
Network Solutions - Inventory Write Down			(328	)		—			(328	)		8,597			—			8,597
Services & Support			16,678			—			16,678			55,304			—			55,304
Total Cost of Revenue			142,453			2,217			144,670			440,787			4,473			445,260
Gross Profit			85,251			(2,217	)		83,034			239,081			(4,473	)		234,608
Selling, general and administrative expenses			57,621			(71	)		57,550			176,214			(309	)		175,905
Research and development expenses			51,614			(37	)		51,577			172,253			(109	)		172,144
Goodwill impairment	ADJ 4		—			—			—			292,583			4,770			297,353
Operating Loss			(23,984	)		(2,109	)		(26,093	)		(401,969	)		(8,825	)		(410,794	)
Interest and dividend income			664			—			664			1,427			—			1,427
Interest expense			(5,679	)		—			(5,679	)		(17,183	)		—			(17,183	)
Net investment gain (loss)			1,382			—			1,382			4,507			—			4,507
Other income (expense), net			(850	)		—			(850	)		(441	)		—			(441	)
Loss Before Income Taxes			(28,467	)		(2,109	)		(30,576	)		(413,659	)		(8,825	)		(422,484	)
Income tax (expense) benefit			(390	)		—			(390	)		16,121			—			16,121
Net Loss		$	(28,857	)	$	(2,109	)	$	(30,966	)	$	(397,538	)	$	(8,825	)	$	(406,363	)
Net Income attributable to non-controlling interest (1)			2,382			—			2,382			7,417			—			7,417
Net Loss attributable to ADTRAN Holdings, Inc.		$	(31,239	)	$	(2,109	)	$	(33,348	)	$	(404,955	)	$	(8,825	)	$	(413,780	)
Weighted average shares outstanding – basic			78,952			78,952			78,952			78,873			78,873			78,873
Weighted average shares outstanding – diluted			78,952			78,952			78,952			78,873			78,873			78,873
Loss per common share attributable to ADTRAN Holdings, Inc. – basic		$	(0.36	)	$	(0.02	)	$	(0.38	)	$	(5.10	)	$	(0.11	)	$	(5.21	)
Loss per common share attributable to ADTRAN Holdings, Inc. – diluted		$	(0.36	)	$	(0.02	)	$	(0.38	)	$	(5.10	)	$	(0.11	)	$	(5.21	)
											$	—					$	—
Net Loss		$	(28,857	)	$	(2,109	)	$	(30,966	)	$	(397,538	)	$	(8,825	)	$	(406,363	)
Other Comprehensive Income (Loss), net of tax
Defined benefit plan adjustments			109			—			109			42			—			42
Foreign currency translation gain (loss)			18,988			(186	)		18,802			(130	)		(281	)		(411	)
Other Comprehensive Income (Loss), net of tax			19,097			(186	)		18,911			(88	)		(281	)		(369	)
Comprehensive Loss, net of tax			(9,760	)		(2,295	)		(12,055	)		(397,626	)		(9,106	)		(406,732	)
Less: Comprehensive Income attributable to non-controlling interest			2,382			—			2,382			7,417			—			7,417
Comprehensive Loss attributable to ADTRAN Holdings, Inc., net of tax		$	(12,142	)	$	(2,295	)	$	(14,437	)	$	(405,043	)	$	(9,106	)	$	(414,149	)

(1) For the three and nine months ended September 30, 2024, we accrued $3.1 million and $7.4 million, respectively, net income attributable to non-controlling interest, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA.

		Three Months Ended December 31, 2024
	Adj Reference	As Reported			Adjustment			As Restated
Revenue
Network Solutions		$	197,009		$	—		$	197,009
Services & Support			45,843			—			45,843
Total Revenue			242,852			—			242,852
Cost of Revenue
Network Solutions	ADJ 3		134,184			1,677			135,861
Network Solutions - Inventory Write Down			—			—			—
Services & Support			17,435			—			17,435
Total Cost of Revenue			151,619			1,677			153,296
Gross Profit			91,233			(1,677	)		89,556
Selling, general and administrative expenses			57,155			(142	)		57,013
Research and development expenses			49,210			104			49,314
Goodwill impairment			—			—			—
Operating Loss			(15,132	)		(1,639	)		(16,771	)
Interest and dividend income			1,631			—			1,631
Interest expense			(4,870	)		—			(4,870	)
Net investment gain (loss)			(920	)		—			(920	)
Other income (expense), net			687			—			687
Loss Before Income Taxes			(18,604	)		(1,639	)		(20,243	)
Income tax (expense) benefit	ADJ 4		(24,906	)		1,445			(23,461	)
Net Loss		$	(43,510	)	$	(194	)	$	(43,704	)
Net Income attributable to non-controlling interest (1)			2,407			—			2,407
Net Loss attributable to ADTRAN Holdings, Inc.		$	(45,917	)	$	(194	)	$	(46,111	)
Weighted average shares outstanding – basic			79,091			79,091			79,091
Weighted average shares outstanding – diluted			79,091			79,091			79,091
Loss per common share attributable to ADTRAN Holdings, Inc. – basic		$	(0.58	)	$	(0.00	)	$	(0.58	)
Loss per common share attributable to ADTRAN Holdings, Inc. – diluted		$	(0.58	)	$	(0.00	)	$	(0.58	)
Net Loss		$	(43,510	)	$	(194	)	$	(43,704	)
Other Comprehensive Income (Loss), net of tax
Defined benefit plan adjustments			1,437			—			1,437
Foreign currency translation gain (loss)	ADJ 3, 4		(37,917	)		573			(37,344	)
Other Comprehensive Income (Loss), net of tax			(36,480	)		573			(35,907	)
Comprehensive Loss, net of tax			(79,990	)		379			(79,611	)
Less: Comprehensive Income attributable to non-controlling interest			2,407			—			2,407
Comprehensive Loss attributable to ADTRAN Holdings, Inc., net of tax		$	(82,397	)	$	379		$	(82,018	)

(1) For the three months ended December 31, 2024 we accrued $2.4 million of net income attributable to non-controlling interest, representing the recurring cash compensation earned by non-controlling interest shareholders post-DPLTA.

The following tables reflect the impact of the restatements to the specific line items presented in the Company’s previously reported Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024, the six months ended June 30, 2024 and the nine months ended September 30, 2024.

		Three Months Ended March 31, 2024
	Adj Reference	As Reported			Adjustment			As Restated
Cash flows from operating activities:
Net loss		$	(321,670	)	$	(6,565	)	$	(328,235	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization			22,528			(138	)		22,390
Goodwill Impairment	ADJ 4		292,583			4,770			297,353
Amortization of debt issuance cost			1,013			—			1,013
Gain on investments, net			(2,621	)		—			(2,621	)
Net loss on disposal of property, plant and equipment			150			—			150
Stock-based compensation expense			3,957			(3	)		3,954
Deferred income taxes			(19,738	)		—			(19,738	)
Other, net			545			—			545
Inventory write down			3,992			—			3,992
Inventory reserves			1,837			—			1,837
Changes in operating assets and liabilities:									—
Accounts receivable, net			26,002			(3,498	)		22,504
Other receivables			5,605			—			5,605
Income taxes receivable, net	ADJ 4		(1,296	)		4,735			3,439
Inventory			30,426			1,940			32,366
Prepaid expenses, other current assets and other assets			(15,882	)		(3,408	)		(19,290	)
Accounts payable			553			—			553
Accrued expenses and other liabilities			7,459			3,494			10,953
Income taxes payable, net			1,155			—			1,155
Net cash provided by (used in) operating activities			36,598			1,327			37,925
Cash flows from investing activities:
Purchases of property, plant and equipment			(12,183	)		(1,327	)		(13,510	)
Purchases of intangibles - developed technology			(1,191	)		—			(1,191	)
Proceeds from sales and maturities of available-for-sale investments			873			—			873
Purchases of available-for-sale investments			(44	)		—			(44	)
Net cash provided by (used in) investing activities			(12,545	)		(1,327	)		(13,872	)
Cash flows from financing activities:
Tax withholdings related to stock-based compensation settlements			(176	)		—			(176	)
Proceeds from stock option exercises			219			—			219
Dividend payments			—			—			—
Proceeds from receivables purchase agreement			30,231			—			30,231
Repayments on receivables purchase agreement			(32,437	)		—			(32,437	)
Proceeds from draw on revolving credit agreements			—			—			—
Repayment of revolving credit agreements			—			—			—
Payment for redemption of redeemable non-controlling interest			(5	)		—			(5	)
Payment of debt issuance cost			(1,994	)		—			(1,994	)
Repayment of notes payable			—			—			—
Net cash (used in) provided by financing activities			(4,162	)		—			(4,162	)
Net increase in cash and cash equivalents			19,891			—			19,891
Effect of exchange rate changes			(301	)		—			(301	)
Cash and cash equivalents, beginning of period			87,167			—			87,167
Cash and cash equivalents, end of period		$	106,757		$	—		$	106,757
Supplemental disclosure of cash financing activities:
Cash paid for interest		$	5,243		$	—		$	5,243
Cash paid for income taxes		$	2,315		$	—		$	2,315
Cash used in operating activities related to operating leases		$	2,384		$	—		$	2,384
Supplemental disclosure of non-cash investing activities:
Right-of-use assets obtained in exchange for lease obligations		$	842		$	—		$	842
Purchases of property, plant and equipment included in accounts payable		$	1,689		$	—		$	1,689

		Six Months Ended June 30, 2024
	Adj Reference	As Reported			Adjustment			As Restated
Cash flows from operating activities:
Net Loss		$	(368,681	)	$	(6,716	)	$	(375,397	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization			45,156			(313	)		44,843
Goodwill Impairment	ADJ 4		292,583			4,770			297,353
Amortization of debt issuance cost			1,013			—			1,013
Gain on investments, net			(2,867	)		—			(2,867	)
Net loss on disposal of property, plant and equipment			185			—			185
Stock-based compensation expense			7,793			(6	)		7,787
Deferred income taxes			(13,684	)		—			(13,684	)
Other, net			(126	)		—			(126	)
Inventory write down - business efficiency program			4,135			—			4,135
Inventory reserves			3,722			—			3,722
Changes in operating assets and liabilities:			—			—			—
Accounts receivable, net			26,913			(3,498	)		23,415
Other receivables			6,279			—			6,279
Income taxes receivable, net			(5,653	)		4,735			(918	)
Inventory	ADJ 3		62,151			2,256			64,407
Prepaid expenses, other current assets and other assets			(14,731	)		(3,408	)		(18,139	)
Accounts payable			(3,966	)		—			(3,966	)
Accrued expenses and other liabilities			19,152			3,493			22,645
Income taxes payable, net			(2,878	)		—			(2,878	)
Net cash provided by operating activities			56,496			1,313			57,809
Cash flows from investing activities:
Purchases of property, plant and equipment			(23,644	)		(1,327	)		(24,971	)
Purchases of intangibles - developed technology			(5,725	)		—			(5,725	)
Proceeds from sales and maturities of available-for-sale investments			956			—			956
Purchases of available-for-sale investments			(121	)		—			(121	)
Net cash used in investing activities			(28,534	)		(1,327	)		(29,861	)
Cash flows from financing activities:
Tax withholdings related to stock-based compensation settlements			(189	)		—			(189	)
Proceeds from stock option exercises			219			—			219
Dividend payments			—			—			—
Proceeds from receivables purchase agreement			68,556			—			68,556
Repayments on receivables purchase agreement			(66,399	)		—			(66,399	)
Proceeds from draw on revolving credit agreements			—			—			—
Repayment of revolving credit agreements			(5,000	)		—			(5,000	)
Payment for redemption of redeemable non-controlling interest			(25	)		—			(25	)
Payment of debt issuance cost			(1,994	)		—			(1,994	)
Repayment of notes payable			—			—			—
Net cash used in financing activities			(4,832	)		—			(4,832	)
Net increase in cash and cash equivalents			23,130			(14	)		23,116
Effect of exchange rate changes			888			14			902
Cash and cash equivalents, beginning of period			87,167			—			87,167
Cash and cash equivalents, end of period		$	111,185		$	—		$	111,185
Supplemental disclosure of cash financing activities:
Cash paid for interest		$	6,554		$	—		$	6,554
Cash paid for income taxes		$	7,433		$	—		$	7,433
Cash used in operating activities related to operating leases		$	4,780		$	—		$	4,780
Supplemental disclosure of non-cash investing activities:
Right-of-use assets obtained in exchange for lease obligations		$	1,999		$	—		$	1,999
Purchases of property, plant and equipment included in accounts payable		$	1,059		$	—		$	1,059

		Nine Months Ended September 30, 2024
	Adj Reference	As Reported			Adjustment			As Restated
Cash flows from operating activities:
Net Loss		$	(397,538	)	$	(8,825	)	$	(406,363	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization			68,421			(527	)		67,894
Asset impairment			—			—			—
Goodwill impairment	ADJ 4		292,583			4,770			297,353
Amortization of debt issuance cost			1,013			—			1,013
(Accretion) amortization on available-for-sale investments, net			—			—			—
(Gain) loss on investments			(4,238	)		—			(4,238	)
Net loss on disposal of property, plant and equipment			203			—			203
Stock-based compensation expense			11,417			65			11,482
Deferred income taxes			(13,399	)		—			(13,399	)
Inventory write down			4,135			—			4,135
Inventory reserves			6,667			—			6,667
Other, net			(267	)		—			(267	)
Change in operating assets and liabilities:			—			—
Accounts receivable, net			59,446			—			59,446
Other receivables			4,875			—			4,875
Income taxes receivable			(5,682	)		4,735			(947	)
Inventory	ADJ 3		69,412			4,475			73,887
Prepaid expenses, other current assets and other assets			(20,083	)		(2,081	)		(22,164	)
Accounts payable			9,697			—			9,697
Accrued expenses and other liabilities			15,039			(5	)		15,034
Income taxes payable			(3,175	)		—			(3,175	)
Net cash provided by operating activities			98,526			2,607			101,133
Cash flows from investing activities:
Purchases of property, plant and equipment			(28,514	)		(2,654	)		(31,168	)
Purchases of intangibles - developed technology			(19,669	)		—			(19,669	)
Proceeds from sales and maturities of available-for-sale investments			1,195			—			1,195
Purchases of available-for-sale investments			(195	)		—			(195	)
Proceeds from beneficial interests in securitized accounts receivable			282			—			282
Net cash used in investing activities			(46,901	)		(2,654	)		(49,555	)
Cash flows from financing activities:
Tax withholdings related to stock-based compensation settlements			(189	)		—			(189	)
Proceeds from stock option exercises			219			—			219
Dividend payments			—			—			—
Proceeds from receivables purchase agreement			68,556			—			68,556
Repayments on receivables purchase agreement			(83,772	)		—			(83,772	)
Proceeds from draw on revolving credit agreements			—			—			—
Repayment of revolving credit agreements			(5,000	)		—			(5,000	)
Payment for redemption of redeemable non-controlling interest			(17,395	)		—			(17,395	)
Payment of annual recurring compensation to non-controlling interest			(10,084	)					(10,084	)
Payment of debt issuance cost			(1,994	)		—			(1,994	)
Repayment of notes payable			—			—			—
Net cash provided by (used in) financing activities			(49,659	)		—			(49,659	)
Net (decrease) increase in cash and cash equivalents			1,966			(47	)		1,919
Effect of exchange rate changes			(677	)		47			(630	)
Cash, cash equivalents and restricted cash, beginning of year			87,167			—			87,167
Cash, cash equivalents and restricted cash, end of year		$	88,456		$	—		$	88,456
Supplemental disclosure of cash financing activities
Cash paid for interest		$	18,225		$	—		$	18,225
Cash paid for income taxes, net of refunds		$	9,122		$	—		$	9,122
Cash used in operating activities related to operating leases		$	7,380		$	—		$	7,380
Supplemental disclosure of non-cash investing activities:
Right-of-use assets obtained in exchange for lease obligations		$	2,122		$	—		$	2,122
Purchases of property, plant and equipment included in accounts payable		$	952		$	—		$	952
Redemption of redeemable non-controlling interest		$	2,976		$	—		$	2,976

As it relates to the impact of the restatements to the specific line items presented in the Company’s previously reported Condensed Consolidated Statements of Changes in Equity for the three months ended March 31, 2024 and June 30, 2024 Annual Recurring Compensation Earned changed by $0.4 million and Foreign Currency Remeasurement of Redeemable Non-Controlling Interest changed by $10.1 million and $1.9 million for the three months ended March 31, 2024 and June 30, 2024, respectively. Net income also changed for each quarterly period to reflect the cumulative impacts of the restatements.