| Disaggregation of Revenue |
The table below presents revenues by customer grouping for the following periods:
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Successor |
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Predecessor |
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Year Ended December 31, 2021 |
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Period from February 10, 2020 to December 31, 2020 |
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Period from January 1, 2020 to June 21, 2020 |
Civil space |
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$ |
60,052 |
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$ |
23,571 |
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$ |
15,844 |
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National security |
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|
29,833 |
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|
7,034 |
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|
684 |
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Commercial and other |
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|
47,716 |
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|
10,180 |
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|
123 |
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Total revenues |
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|
$ |
137,601 |
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$ |
40,785 |
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$ |
16,651 |
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The table below presents revenues based on the geographic location of the Company’s customers for the following periods:
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Successor |
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Predecessor |
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Year Ended December 31, 2021 |
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Period from February 10, 2020 to December 31, 2020 |
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Period from January 1, 2020 to June 21, 2020 |
U.S. |
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$ |
133,309 |
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$ |
38,774 |
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$ |
15,856 |
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Luxembourg |
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3,724 |
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|
1,535 |
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|
795 |
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Germany |
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|
140 |
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|
46 |
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— |
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South Korea |
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|
272 |
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|
147 |
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— |
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Poland |
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|
138 |
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|
169 |
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— |
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| Other |
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18 |
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|
114 |
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— |
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Total revenues |
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$ |
137,601 |
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$ |
40,785 |
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$ |
16,651 |
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The majority of the Company’s revenues are derived from government contracts. Customers comprising 10% or more of revenues were as follows for the periods presented:
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Successor |
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Predecessor |
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Year Ended December 31, 2021 |
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Period from February 10, 2020 to December 31, 2020 |
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Period from January 1, 2020 to June 21, 2020 |
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Boeing (1)
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$ |
17,753 |
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$ |
— |
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$ |
— |
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| NASA |
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48,476 |
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|
21,352 |
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|
15,020 |
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| Total |
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$ |
66,229 |
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$ |
21,352 |
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|
$ |
15,020 |
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(1) While revenue was generated in each of the periods presented, amounts are only disclosed for the periods in which revenue represented 10% or more of total revenue.
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| Schedule of Contract Assets and Contract Liabilities |
The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods:
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Successor |
|
December 31,
2021 |
|
December 31,
2020 |
Contract assets |
$ |
11,748 |
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$ |
4,172 |
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| Contract liabilities |
$ |
15,734 |
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$ |
15,665 |
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| Schedule of Change in Accounting Estimate |
The following table summarizes the impact of the net EAC adjustments for the periods presented:
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Successor |
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Year Ended December 31, 2021 |
|
Period from February 10, 2020 to December 31, 2020 |
| Net EAC adjustments, before income taxes |
$ |
(1,835) |
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|
$ |
728 |
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| Net EAC adjustments, net of income taxes |
(1,551) |
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|
580 |
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| Net EAC adjustments, net of income taxes, per diluted share |
(0.03) |
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|
0.02 |
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