XML 49 R44.htm IDEA: XBRL DOCUMENT v3.24.3

Redeemable Non-controlling Interest (Tables)

9 Months Ended

Sep. 30, 2024

Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]

Summary of Redeemable Non-controlling Interest Activity

The following table summarizes the redeemable non-controlling interest activity for the nine months ended September 30, 2024 and for the year ended December 31, 2023:

		Nine Months Ended				For the Year Ended
(In thousands)		September 30, 2024				December 31, 2023
Balance at beginning of period		$	442,152			$	—
Reclassification of non-controlling interests			—				443,757
Redemption of redeemable non-controlling interest			(20,376	)			(1,657	)
Net income attributable to redeemable non-controlling interests			7,417				10,092		(1)
Annual recurring compensation earned			(7,417	)			(10,092	)	(1)
Adtran Networks stock option exercises			—				52
Balance at end of period		$	421,776			$	442,152		(1)

(1) Following the third quarter of 2024, the Company identified errors primarily impacting the carrying values of the redeemable non-controlling interest, retained deficit, the net income attributable to the non-controlling interest and the net loss attributable to the Company and, as a consequence, of the loss per common share attributable to the Company. We have revised our previously issued Condensed Consolidated Financial Statements for the periods ended March 31, 2023, June 30, 2023, September 30, 2023, December 31, 2023, March 31, 2024 and June 30, 2024. See Note 1 for additional information.

X

- References

No definition available.

+ Details

Name:	us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmountAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

+ References

No definition available.

+ Details

Name:	us-gaap_RedeemableNoncontrollingInterestTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration