v3.21.2
Income Taxes (Tables)
6 Months Ended 11 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Income Taxes    
Schedule of components of income before income taxes and income tax expense  

Successor

Predecessor

   Period from

 Period from

  

February 10, 2020

January 1, 2020

Year ended

to December 31,

to June 21,

December 31,

    

2020

    

2020

    

2019

Income before income taxes:

  

  

  

U.S.

$

(18,017)

$

(1,783)

$

(2,976)

Foreign

(16)

65

(371)

$

(18,033)

$

(1,718)

$

(3,347)

Income tax expense (benefit):

 

  

 

  

 

  

Federal:

 

  

 

  

 

  

Current

 

 

(387)

 

7

Deferred

 

(3,064)

 

 

 

(3,064)

 

(387)

 

7

State:

 

  

 

  

 

  

Current

 

 

3

 

3

Deferred

 

(595)

 

 

 

(595)

 

3

 

3

Foreign:

 

  

 

  

 

  

Current

 

 

 

Deferred

 

 

 

 

 

 

$

(3,659)

$

(384)

$

10

Schedule of reconciliation of the amounts computed using the federal statutory income tax rate and the amounts computed using the effective income tax rate

Successor

Predecessor

 

Six month

Period from

Period from

 

period ended

February 10,

January 1,

 

June 30, 

2020 to June 30, 

2020 to June 21,

 

    

2021

    

2020

    

2020

 

Effective tax rate

9.2

%

20.5

%

22.4

%

Successor

Predecessor

Period from   

   Period from

February 10, 2020

January 1, 2020

Year ended  

to December 31,

to June 21,

December 31,

    

2020

    

2020

    

2019

Tax (benefit) at federal statutory rates

$

(3,787)

$

(361)

$

(703)

State income tax (benefit), net of federal tax benefit

(595)

29

(30)

Research and development tax credits

(20)

(460)

(636)

Permanent differences

57

(17)

44

Tax (benefits) /non-deductible expense related to stock compensation

 

 

(119)

 

458

Acquisition costs

 

685

 

 

Reserves for unrecognized income tax benefits

 

1

 

386

 

644

Change in valuation allowance

 

 

129

 

166

Other

 

 

29

 

67

$

(3,659)

$

(384)

$

10

Schedule of components of net deferred tax assets (liabilities)  

Successor

Predecessor

December 31, 

December 31,

    

2020

    

 2019

Deferred tax assets:

  

  

Accrued expenses and reserves

$

493

$

5

Deferred rent

 

82

 

50

Tax credit carryforwards

 

346

 

6

Deferred revenue

 

1,168

 

1,006

Net operating loss carryforwards

 

3,467

 

325

Interest disallowance

 

271

 

Equity-based compensation

 

 

142

Total deferred tax assets

 

5,827

 

1,534

Valuation allowance

 

(57)

 

(1,505)

Net deferred tax assets

 

5,770

 

29

Deferred tax liabilities:

 

  

 

  

Depreciation and amortization

 

(12,949)

 

(1)

Other

 

(188)

 

(28)

Total deferred tax liabilities

 

(13,137)

 

(29)

As reported:

 

  

 

  

Net deferred tax assets (liabilities)

$

(7,367)

$

Schedule of changes in valuation allowance  

Provision

Balance

Balance at

Charged

at

Beginning

(Credited)

 End of

    

of Year

    

to Expense

    

Acquired

    

 Year

Description

  

   

 

Successor period from February 10, 2020 to December 31, 2020

$

$

(20)

$

77

$

57

Predecessor period from January 1, 2020 to June 21, 2020

$

1,505

$

112

$

$

1,617

Predecessor year ended December 31, 2019

$

1,244

$

261

$

$

1,505

Schedule of changes in reserves for unrecognized income tax benefits  

Successor

Predecessor

Period from

 February 10,

Period from

2020 to

January 1, 2020

Year ended

December 31,

to June 21,

December 31,

    

   2020

    

   2020

    

  2019

Unrecognized tax benefits, beginning of period

$

1,671

$

1,275

$

639

Increases for tax positions taken related to a prior period

105

Increases for tax positions taken during the current period

291

636

Unrecognized tax benefits, end of period

$

1,671

$

1,671

$

1,275