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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2022
Accounting Policies [Abstract] |
Schedule of Changes to Financial Statements for the Adoption of Accounting Pronouncements | The cumulative after-tax effect of the changes made to our condensed consolidated balance sheet for the adoption of ASC 842 were as follows:
(in ‘000 USD) |  | At December 31, 2021 |  | Adjustments due to ASC 842 |  | At January 1 2022
Operating lease right-of-use assets |  | $ | — |  |  | $ | 9,278 |  |  | $ | 9,278 |
Current operating lease liabilities |  | — |  |  | 2,121 |  |  | 2,121 |
Non-current operating lease liabilities |  | — |  |  | 7,483 |  |  | 7,483 |
Current portion of capital lease liabilities included in Accrued liabilities |  | 191 |  |  | (191) |  |  | — |
Current portion of finance lease liabilities included in Accrued liabilities |  | — |  |  | 191 |  |  | 191 |
Non-current portion of capital lease liabilities included in Other long-term liabilities |  | 264 |  |  | (264) |  |  | — |
Non-current portion of finance lease liabilities included in Other long-term liabilities |  | — |  |  | 264 |  |  | 264 |
Accrued liabilities |  | 21,311 |  |  | (326) |  |  | 20,985 |
The cumulative after-tax effect of the changes made to our condensed consolidated balance sheet for the adoption of ASU 2020-06 were as follows:
(in ‘000 USD) |  | At December 31, 2021 |  | Adjustments due to ASU 2020-06 |  | At January 1, 2022
Long-term debt and other borrowings, net |  | $ | 399,115 |  |  | $ | 15,163 |  |  | $ | 414,278 |
Additional paid-in capital |  | 413,646 |  |  | (11,612) |  |  | 402,034 |
Deferred tax liabilities |  | 36,722 |  |  | (3,847) |  |  | 32,875 |
Retained earnings |  | (138,179) |  |  | 298 |  |  | (137,881) |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126900757&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=126900757&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
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