Post-effective amendment to a registration statement that is not immediately effective upon filing

FAIR VALUE MEASUREMENTS (Details)

v3.22.1
FAIR VALUE MEASUREMENTS (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Aug. 13, 2021
Dec. 31, 2021
Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash and cash equivalents   $ 62,937 $ 18,196
Restricted Cash   185 422
Cash and investment in severance benefit accounts   3,687 3,567
Subordinated term loan [1]   37,991 34,756
Subordinated Debt [1]   10,577 10,065
Senior term loan [1]   41,063 36,834
Convertible debt   41,343
Long-term debt   2,087
Public Warrants   8,510
Warrants [2]   $ 1,317 7,632
Stock price $ 9.75 $ 3.79  
Risk free rate 0.51% 0.97%  
Volatility 25.00% 51.00%  
Dividend yield 0.00% 0.00%  
Post Combination Warrants [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Stock price   $ 3.79  
Risk free rate   0.60%  
Volatility   67.60%  
Dividend yield   0.00%  
Post Combination Warrants [Member] | Minimum [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Exercise price   $ 12.50  
Post Combination Warrants [Member] | Maximum [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Exercise price   17.50  
Private Placement Warrants [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Stock price   3.79  
Exercise price   $ 11.50  
Risk free rate   1.20%  
Volatility   62.40%  
Dividend yield   0.00%  
Fair Value, Inputs, Level 1 [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Cash and cash equivalents   $ 62,937 18,196
Restricted Cash   185 422
Cash and investment in severance benefit accounts   3,687 3,567
Public Warrants   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]   28,376 24,327
Subordinated Debt [1]   7,674 6,624
Senior term loan [1]   43,276 37,948
Convertible debt   44,494
Long-term debt   2,087
Fair Value, Inputs, Level 3 [Member]      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Warrants [2]   $ 1,317 $ 7,632
[1] As of December 31, 2021 and 2020, 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 senior term loan, subordinated term loan and subordinated debt were 13.8%, 17.16% and 16.83%, respectively, as of December 31, 2021. As of December 31, 2020, the senior term loan face value was adjusted for $4.7 million of original issue discounts and $1.4 million of fair value of Series H warrants issued to lenders pursuant to the Fortress Credit Agreement, resulting in the fair value of the senior term loan totaling $37.9 million, with a 12.8% implied yield. The implied yields of the subordinated term loan and subordinated debt were 17.0% and 16.6%, respectively, as of December 31, 2020.
[2] As of December 31, 2021 and 2020, the fair value of warrants outstanding that are classified as liabilities are included in other long-term liabilities in the Company’s 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 were as follows as of December 31, 2021: