XML 30 R12.htm IDEA: XBRL DOCUMENT v3.21.2

Property and Equipment, net

9 Months Ended

11 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Note 4. Property and Equipment, net

Property and equipment, net as of September 30, 2021 (Successor) and December 31, 2020 (Successor) consisted of the following (in thousands):

		Successor				Successor
		September  30, 2021				December 31, 2020
Furniture and equipment		$	18,687			$	15,214
Capitalized software for internal use, acquired by business combination			221,405				220,000
Capitalized software for internal use, developed internally or otherwise purchased			31,824				14,438
Leasehold improvements			3,000				2,402
Total property and equipment			274,916				252,054
Less: accumulated depreciation and amortization			(113,586	)			(61,772	)
Property and equipment, net		$	161,330			$	190,282

Depreciation and amortization expense of property and equipment was approximately $17.4 million and $16.9 million for the three months ended September 30, 2021 and 2020 (Successor), respectively. Depreciation and amortization expense of property and equipment was approximately $51.4 million, $45.0 million, and $1.3 million for the nine months ended September 30, 2021 (Successor), the period from February 1, 2020 through September 30, 2020 (Successor), and the period from January 1, 2020 through January 31, 2020 (Predecessor), respectively.

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of December 31, 2019 (Predecessor) and December 31, 2020 (Successor) consisted of the following (in thousands):

		Predecessor								Successor
		December 31, 2019								December 31, 2020
Furniture and equipment		$	46,639							$	15,214
Capitalized software for internal use, acquired by business combination			81,800								220,000
Capitalized software for internal use, developed internally or otherwise purchased			56,607								14,438
Leasehold improvements			5,204								2,402
Total property and equipment			190,250								252,054
Less: accumulated depreciation and amortization			(161,156	)							(61,772	)
Property and equipment, net		$	29,094							$	190,282

Depreciation and amortization expense of property and equipment was approximately $14.9 million, $1.3 million, and $62.3 million for the year ended December 31, 2019 (Predecessor), the period from January 1, 2020 through January 31, 2020 (Predecessor), and for the period from February 1, 2020 through December 31, 2020 (Successor), respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration