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Subsequent Events | 12 Months Ended
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Dec. 31, 2021
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events In preparing the audited consolidated financial statements as of December 31, 2021, the Company has evaluated subsequent events through March 1, 2022. Share Repurchases In January 2022, the Company repurchased 1,008,779 shares of Class A common stock at an aggregate price of $17.8 million through market purchase transactions under the share repurchase program approved by the Company’s Board of Directors in December 2021. Agreement with Celestica In January 2022, the Company entered into an Equipment and Tooling Agreement (the “Agreement”) with Celestica. Under the Agreement, the Company desires to have Celestica develop and build certain Company specific production equipment (including automation equipment) and tooling that will be used to manufacture or test the products or pre-production units of products for the Company and to perform certain services associated with the manufacturing processes of the products. Under the Agreement, the Company may elect to pay Celestica $26.9 million either in cash or Class A common stock. Payment will be owed to Celestica upon meeting of certain milestones as specified in the Agreement.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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