BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| Accounting Policies [Abstract] |
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| Revision of the Condensed Consolidated Financial Statements |
The Company revised its consolidated balance sheet as of December 31, 2021 as summarized in the table below:
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As Previously Reported |
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As Revised |
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| Other intangible assets, net |
$ |
182,466 |
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$ |
192,466 |
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| Goodwill |
$ |
52,920 |
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$ |
45,828 |
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| Total non-current assets |
$ |
494,785 |
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$ |
497,693 |
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| Total assets |
$ |
649,141 |
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$ |
652,049 |
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| Income tax liabilities - non-current |
$ |
57,143 |
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$ |
60,051 |
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| Total non-current liabilities |
$ |
384,232 |
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$ |
387,140 |
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| Total liabilities |
$ |
468,158 |
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$ |
471,066 |
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| Total liabilities and equity |
$ |
649,141 |
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$ |
652,049 |
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| Schedule of Cash and Cash Equivalents |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:
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As of December 31, |
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2022 |
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2021 |
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2020 |
Cash and cash equivalents |
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$ |
26,196 |
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$ |
94,962 |
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$ |
85,857 |
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Restricted cash |
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950 |
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525 |
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— |
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| Cash, cash equivalents and restricted cash |
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$ |
27,146 |
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$ |
95,487 |
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$ |
85,857 |
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| Schedule of Restricted Cash |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:
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As of December 31, |
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2022 |
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2021 |
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2020 |
Cash and cash equivalents |
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$ |
26,196 |
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$ |
94,962 |
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$ |
85,857 |
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Restricted cash |
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950 |
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525 |
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— |
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| Cash, cash equivalents and restricted cash |
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$ |
27,146 |
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$ |
95,487 |
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$ |
85,857 |
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| Components of Property, Plant and Equipment |
Depreciation is recognized on a straight-line basis over the following periods:
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| Buildings and building components |
7 - 30 years |
| Leasehold improvements |
The lesser of the term of the lease or the estimated useful life of the asset: 1 - 28 years |
| Machinery and equipment |
1 - 10 years |
| Furniture, fixtures and office equipment (including computer) |
2 - 7 years |
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| Finance lease ROU assets - buildings |
14 - 28 years |
| Finance lease ROU assets - machinery and equipment |
3 - 5 years |
The components of property, plant and equipment (“PPE”) are as follows:
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As of December 31, |
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2022 |
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2021 |
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| Buildings and building components |
$ |
80,697 |
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$ |
49,697 |
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| Land |
14,085 |
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12,380 |
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| Leasehold improvements |
43,472 |
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24,042 |
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| Machinery and equipment |
27,615 |
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12,656 |
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| Furniture, fixtures and office equipment (including computer) |
16,126 |
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10,221 |
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| Construction-in-process |
20,086 |
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35,625 |
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| Total property, plant and equipment - gross |
$ |
202,081 |
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$ |
144,621 |
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| Less: Accumulated depreciation |
(24,326) |
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(7,341) |
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| Total property, plant and equipment - net |
$ |
177,755 |
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$ |
137,280 |
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