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Revenue recognition and accounts receivable (Tables) | 12 Months Ended
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Dec. 31, 2020
Revenue Recognition And Accounts Receivable [Line Items] |
Schedule of Net Sales | The table below presents net sales, which includes product sales and marketing service fees, for each of the years ended December 31, 2020, 2019, and 2018.
|  | For the year ended December 31, |
(U.S. Dollars, in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Product sales |  | $ | 353,087 |  |  | $ | 397,064 |  |  | $ | 395,589 |
Marketing service fees |  |  | 53,475 |  |  |  | 62,891 |  |  |  | 57,453 |
Net sales |  | $ | 406,562 |  |  | $ | 459,955 |  |  | $ | 453,042 |
Allowances for Expected Credit Losses | The following table provides a detail of changes in the Company’s allowance for expected credit losses for the year ended December 31, 2020:
(U.S. Dollars, in thousands) |  | Year Ended December 31, 2020 |
Allowance for expected credit losses beginning balance |  | $ | 3,987 |
Impact of adoption of ASU 2016-13 |  |  | 1,120 |
Current period provision for expected credit losses |  |  | 199 |
Writeoffs charged against the allowance and other |  |  | (714 | )
Effect of changes in foreign exchange rates |  |  | 256 |
Allowance for expected credit losses ending balance |  | $ | 4,848 |
ASU 2016-13 [Member] |
Revenue Recognition And Accounts Receivable [Line Items] |
Schedule of Net Impact of Adoption to Balance Sheet | The net impact of adoption to the Company’s balance sheet as of January 1, 2020 is presented in the table below. The standard did not have a material impact to the Company’s condensed consolidated statements of operations or cash flows.
(U.S. Dollars, in thousands) |  | December 31, 2019 |  |  | Impact of Adoption of ASC 326 |  |  | January 1, 2020 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash, cash equivalents, and restricted cash |  | $ | 70,403 |  |  | $ | — |  |  | $ | 70,403 |
Accounts receivable, net |  |  | 86,805 |  |  |  | (1,120 | ) |  |  | 85,685 |
Inventories |  |  | 82,397 |  |  |  | — |  |  |  | 82,397 |
Prepaid expenses and other current assets |  |  | 20,948 |  |  |  | — |  |  |  | 20,948 |
Total current assets |  |  | 260,553 |  |  |  | (1,120 | ) |  |  | 259,433 |
Deferred income taxes |  |  | 35,117 |  |  |  | 233 |  |  |  | 35,350 |
Other long-term assets |  |  | 199,950 |  |  |  | — |  |  |  | 199,950 |
Total assets |  | $ | 495,620 |  |  | $ | (887 | ) |  | $ | 494,733 |
Liabilities and shareholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Total liabilities |  | $ | 167,989 |  |  | $ | — |  |  | $ | 167,989 |
Shareholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Common shares |  | $ | 1,902 |  |  | $ | — |  |  | $ | 1,902 |
Additional paid-in capital |  |  | 271,019 |  |  |  | — |  |  |  | 271,019 |
Retained earnings |  |  | 57,749 |  |  |  | (887 | ) |  |  | 56,862 |
Accumulated other comprehensive loss |  |  | (3,039 | ) |  |  | — |  |  |  | (3,039 | )
Total shareholders’ equity |  |  | 327,631 |  |  |  | (887 | ) |  |  | 326,744 |
Total liabilities and shareholders’ equity |  | $ | 495,620 |  |  | $ | (887 | ) |  | $ | 494,733 |

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