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Revenue (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The table below presents revenues by customer grouping 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
Civil space															$	60,052					$	23,571								$	15,844
National security															29,833						7,034									684
Commercial and other															47,716						10,180									123
Total revenues															$	137,601					$	40,785								$	16,651

The table below presents revenues based on the geographic location of the Company’s customers 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
U.S.															$	133,309					$	38,774								$	15,856
Luxembourg															3,724						1,535									795
Germany															140						46									—
South Korea															272						147									—
Poland															138						169									—
Other															18						114									—
Total revenues															$	137,601					$	40,785								$	16,651

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:

															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
Boeing (1)															$	17,753					$	—								$	—
NASA															48,476						21,352									15,020
Total															$	66,229					$	21,352								$	15,020

(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.

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:

			Successor
			December 31, 2021						December 31, 2020
Contract assets			$	11,748					$	4,172
Contract liabilities			$	15,734					$	15,665

Schedule of Change in Accounting Estimate

The following table summarizes the impact of the net EAC adjustments for the periods presented:

			Successor
			Year Ended December 31, 2021						Period from February 10, 2020 to December 31, 2020
Net EAC adjustments, before income taxes			$	(1,835)					$	728
Net EAC adjustments, net of income taxes			(1,551)						580
Net EAC adjustments, net of income taxes, per diluted share			(0.03)						0.02

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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No definition available.

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- Definition

Tabular disclosure of the change in an accounting estimate, including a change that occurs in an interim period. If a change in accounting estimate affects several future periods (for example, a change in the service life of a depreciable asset) disclose the effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period. Disclosure of the effects of a change in an accounting estimate that occurs in the ordinary course of business (such as uncollectible accounts or inventory obsolescence) is not required, unless the effect is material.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e777-108305

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

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