Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS??? EQUITY (DEFICIT)

v3.23.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity (Deficit)
Common Stock
Treasury Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Common stock, beginning balance (in shares) at Dec. 31, 2020 [1]     37,200,000          
Beginning balance at Dec. 31, 2020 [1] $ 39,195   $ 4   $ 53,059 $ (14,374) $ 506  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
GPAC shares net of redemptions, including PIPE, warrant liability, and Merger costs (in shares)     22,461,273          
GPAC shares net of redemptions, including PIPE, warrant liability, and Merger costs 52,921   $ 2   52,919      
Parent’s contributions (in shares)     3,029,596          
Parent’s contributions 40,646       40,646      
Earnout settlement in Parent’s equity 9,288       9,288      
Equity-based compensation expense 27,112       27,112      
Foreign currency translation, net of tax (403)           (403)  
Net income (loss) (61,537)              
Net income (loss) $ (61,537)         (61,537)    
Common stock, ending balance (in shares) at Dec. 31, 2021 62,690,869   62,690,869          
Treasury stock, ending balance (in shares) at Dec. 31, 2021       0        
Ending balance at Dec. 31, 2021 $ 107,222 $ 107,222 $ 6 $ 0 183,024 (75,911) 103 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation expense 10,786 10,786     10,786      
Common stock issued under the committed equity facility (in shares)     909,669          
Common stock issued under the committed equity facility 3,047 3,047     3,047      
Committed equity facility fee settled in common stock (in shares)     127,751          
Committed equity facility fee settled in common stock 756 756     756      
Common stock issued for share-based awards (in shares)     427,941          
Shares repurchased for settlement of employee tax withholdings on share-based awards (in shares)       141,811        
Shares repurchased for settlement of employee tax withholdings on share-based awards (381) (381)   $ (381)        
Noncontrolling interests acquired in business combination 215             215
Foreign currency translation, net of tax 1,987 1,973         1,973 14
Net income (loss) (130,620) (130,617)       (130,617)   (3)
Net income (loss) (130,617)              
Other (in shares)     124,401          
Other $ 513 513     513      
Common stock, ending balance (in shares) at Dec. 31, 2022 64,280,631   64,280,631          
Treasury stock, ending balance (in shares) at Dec. 31, 2022       141,811        
Ending balance at Dec. 31, 2022 $ (6,475) $ (6,701) $ 6 $ (381) $ 198,126 $ (206,528) $ 2,076 $ 226
[1] The units of the Company prior to the Merger (as defined in Note A) have been retroactively restated to reflect the exchange ratio established in the Merger (computed as 37,200,000 shares of common stock to 100 Company units).