XML 63 R41.htm IDEA: XBRL DOCUMENT
v3.22.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Current and Deferred Components of Income Tax Expense (Benefit) | The table below presents the current and deferred components of income tax expense (benefit) for the following periods:
|  |  |  |  | Successor |  |  | Predecessor
|  |  |  |  | Year Ended December 31, 2021 |  | Period from February 10, 2020 to December 31, 2020 |  |  | Period from January 1, 2020 to June 21, 2020
Current: |  |  |  |  |  |  |  |  |  |
Federal |  |  |  |  | $ | — |  |  | $ | — |  |  |  | $ | (387) |
State |  |  |  |  | — |  |  | — |  |  |  | 3 |
Foreign |  |  |  |  | — |  |  | — |  |  |  | — |
Total current income tax expense (benefit) |  |  |  |  | — |  |  | — |  |  |  | (384) |
Deferred: |  |  |  |  |  |  |  |  |  |
Federal |  |  |  |  | (9,376) |  |  | (3,064) |  |  |  | — |
State |  |  |  |  | (1,893) |  |  | (595) |  |  |  | — |
Foreign |  |  |  |  | — |  |  | — |  |  |  | — |
Total deferred income tax expense (benefit) |  |  |  |  | (11,269) |  |  | (3,659) |  |  |  | — |
Total income tax expense (benefit) |  |  |  |  | $ | (11,269) |  |  | $ | (3,659) |  |  |  | $ | (384) |
Schedule of Effective Income Tax Rate | A reconciliation of the U.S. federal statutory income tax expense to actual income tax expense is as follows:
|  |  |  |  | Successor |  |  | Predecessor
|  |  |  |  | Year Ended December 31, 2021 |  | Period from February 10, 2020 to December 31, 2020 |  |  | Period from January 1, 2020 to June 21, 2020
Income (loss) before income taxes |  |  |  |  | $ | (72,806) |  |  | $ | (18,033) |  |  |  | $ | (1,718) |
Federal statutory income tax rate |  |  |  |  | 21.0 | % |  | 21.0 | % |  |  | 21.0 | %
Expected federal provision (benefit) for income taxes at the federal statutory income tax rate |  |  |  |  | (15,289) |  |  | (3,787) |  |  |  | (361) |
State income tax (benefit), net of federal tax benefit |  |  |  |  | (1,946) |  |  | (595) |  |  |  | 29 |
Research and development tax credits |  |  |  |  | 324 |  |  | (20) |  |  |  | (460) |
Permanent differences |  |  |  |  | 1,931 |  |  | 57 |  |  |  | (17) |
Tax (benefits) / non-deductible expenses related to equity-based compensation |  |  |  |  | 5,228 |  |  | — |  |  |  | (119) |
Acquisition costs |  |  |  |  | (1,106) |  |  | 685 |  |  |  | — |
Reserves for unrecognized income tax benefits |  |  |  |  | (273) |  |  | 1 |  |  |  | 386 |
Change in valuation allowance |  |  |  |  | 458 |  |  | — |  |  |  | 129 |
Other |  |  |  |  | (596) |  |  | — |  |  |  | 29 |
Total tax expense (benefit) |  |  |  |  | $ | (11,269) |  |  | $ | (3,659) |  |  |  | $ | (384) |
Effective tax rate |  |  |  |  | 15.5 | % |  | 20.3 | % |  |  | 22.4 | %
Schedule of Deferred Tax Assets and Liabilities | The table below presents the components of the deferred tax assets, net and deferred tax liabilities:
| Successor as of
| December 31, 2021 |  | December 31, 2020
Deferred tax assets: |  |  |
Accrued expenses and reserves | $ | 1,106 |  |  | $ | 493 |
Deferred rent | 58 |  |  | 82 |
Tax credit carryforwards | 226 |  |  | 346 |
Deferred revenue | 636 |  |  | 1,168 |
Net operating loss carryforwards | 12,052 |  |  | 3,467 |
Interest disallowance | 1,921 |  |  | 271 |
Equity-based compensation | 566 |  |  | — |
Other assets | 14 |  |  | — |
Total deferred tax assets | 16,579 |  |  | 5,827 |
Less: valuation allowance | (515) |  |  | (57) |
Deferred tax assets, net of valuation allowance | 16,064 |  |  | 5,770 |
Deferred tax liabilities: |  |  |
Depreciation and amortization | (23,922) |  |  | (12,949) |
Other | (743) |  |  | (188) |
Deferred tax liabilities | (24,665) |  |  | (13,137) |
Total net deferred tax assets (liabilities) | $ | (8,601) |  |  | $ | (7,367) |
Schedule of Unrecognized Tax Benefits Roll Forward | The table below presents changes in reserves for unrecognized income tax benefits for the periods presented:
|  |  |  |  | Successor |  |  | Predecessor
|  |  |  |  | Year Ended December 31, 2021 |  | Period from February 10, 2020 to December 31, 2020 |  |  | Period from January 1, 2020 to June 21, 2020
Unrecognized tax benefits, beginning of period |  |  |  |  | $ | 1,671 |  |  | $ | 1,671 |  |  |  | $ | 1,275 |
Increase (decrease) for tax positions taken related to a prior period |  |  |  |  | (291) |  |  | — |  |  |  | 105 |
Increase (decrease) for tax positions taken during the current period |  |  |  |  | — |  |  | — |  |  |  | 291 |
Unrecognized tax benefits, end of period |  |  |  |  | $ | 1,380 |  |  | $ | 1,671 |  |  |  | $ | 1,671 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration