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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Summary of Impact of Revision to Specific Line Items in Consolidated Balance Sheet, Consolidated Statement of Changes in Equity and Consolidated Statements of Comprehensive Loss

The following tables reflect the impact of the revisions to the specific line items presented in the Company’s previously reported Consolidated Balance Sheet as of December 31, 2023, the Consolidated Statement of Loss and the Consolidated Statement of Comprehensive Loss for the year ended December 31, 2023.

 

 

 

 

December 31, 2023

 

(In thousands)

 

 

As Previously Reported

 

 

Revision

 

 

As Revised

 

Accrued Expenses and Other Liabilities

 

 

$

37,607

 

 

$

(1,403

)

 (a)

$

36,204

 

Total Current Liabilities

 

 

$

279,511

 

 

$

(1,403

)

 

$

278,108

 

Total Liabilities

 

 

$

636,934

 

 

$

(1,403

)

 

$

635,531

 

Redeemable Non-Controlling Interest

 

 

$

451,756

 

 

$

(9,604

)

 (b)

$

442,152

 

Accumulated Other Comprehensive Income

 

 

$

47,461

 

 

$

4

 

 (a)

$

47,465

 

Retained Deficit

 

 

$

(243,908

)

 

$

11,003

 

 (a)(b)

$

(232,905

)

Total Equity

 

 

$

593,822

 

 

$

11,007

 

 

$

604,829

 

Total Liabilities, Redeemable Non-Controlling Interest and Equity

 

 

$

1,682,512

 

 

$

—

 

 

$

1,682,512

 

 

 

 

 

For the Year Ended December 31, 2023

 

(In thousands)

 

 

As Previously Reported

 

 

Revision

 

 

As Revised

 

Less: Net Income attributable to non-controlling interest

 

 

$

8,345

 

 

$

(1,399

)

 (a)

$

6,946

 

Net Loss attributable to ADTRAN Holdings, Inc.

 

 

$

(267,688

)

 

$

1,399

 

 (a)

$

(266,289

)

Loss per common share attributable to ADTRAN Holdings, Inc. – basic

 

 

$

(3.41

)

 

$

0.02

 

 (a)

$

(3.39

)

Loss per common share attributable to ADTRAN Holdings, Inc. – diluted

 

 

$

(3.41

)

 

$

0.02

 

 (a)

$

(3.39

)

Foreign currency translation gain

 

 

$

22,753

 

 

$

4

 

 (a)

$

22,757

 

Other Comprehensive Income, net of tax

 

 

$

21,717

 

 

$

4

 

 

$

21,721

 

Comprehensive Loss, net of tax

 

 

$

(237,626

)

 

$

4

 

 

$

(237,622

)

Less: Comprehensive Income attributable to non-controlling interest, net of tax

 

 

$

8,727

 

 

$

(1,399

)

 (a)

$

7,328

 

Comprehensive Loss attributable to ADTRAN Holdings, Inc., net of tax

 

 

$

(246,353

)

 

$

1,403

 

 (a)

$

(244,950

)