Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Details)

v3.22.1
FAIR VALUE MEASUREMENTS (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash and Cash Equivalents, at Carrying Value $ 45,930 $ 62,937  
Restricted Cash 185 185 $ 186
Cash and investment in severance benefit accounts 3,597 3,687  
Subordinated term loan [1] 38,834 37,991  
Subordinated Debt [1] 10,707 10,577  
Senior Term Loans [1] 41,279 41,063  
Convertible Debt 41,970 41,343  
PublicWarrants 4,025 8,510  
Warrant [2] 624 1,317  
Fair Value, Inputs, Level 1 [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash and Cash Equivalents, at Carrying Value 45,930 62,937  
Restricted Cash 185 185  
Cash and investment in severance benefit accounts 3,597 3,687  
PublicWarrants 4,025 8,510  
Fair Value, Inputs, Level 2 [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Subordinated term loan [1] 28,473 28,376  
Subordinated Debt [1] 7,844 7,674  
Senior Term Loans [1] 42,620 43,276  
Convertible Debt 46,066 44,494  
Fair Value, Inputs, Level 3 [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Warrant [2] $ 624 $ 1,317  
[1] As of March 31, 2022 and December 31, 2021, the fair value of the subordinated term loan, subordinated debt and senior term loan considered the senior status of the senior term loan under the Fortress Credit Agreement, followed by the junior status of the subordinated term loan and subordinated debt. The implied yields of the subordinated term loan, subordinated debt and senior term loan were 17.62%, 17.54% and 14.50%, respectively, as of March 31, 2022 and 17.16%, 16.83% and 13.8%, respectively, as of December 31, 2021.
[2] As of March 31, 2022 and December 31, 2021, the fair value of warrants outstanding that are classified as liabilities are included in other long-term liabilities in the Company’s condensed consolidated balance sheets. The key inputs to the valuation models that were utilized to estimate the fair value of the Post-Combination Warrants and Private Placement Warrants as of March 31, 2022 were as follows: