0001820721-21-000020 | 10-Q | XBRL Viewer

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Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2021	May 05, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-39613
Entity Registrant Name	ARRAY TECHNOLOGIES, INC.
Entity Central Index Key	0001820721
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-2747826
Entity Address, Address Line One	3901 Midway Place NE
Entity Address, City or Town	Albuquerque
Entity Address, State or Province	NM
Entity Address, Postal Zip Code	87109
City Area Code	(505)
Local Phone Number	881-7567
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	ARRY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		126,994,467

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 19,133	$ 108,441
Accounts receivable, net	121,921	118,694
Inventories, net	124,705	118,459
Income tax receivables	4,155	17,158
Prepaid expenses and other	15,639	12,423
Total current assets	285,553	375,175
Property, plant and equipment, net	9,740	9,774
Goodwill	69,727	69,727
Other intangible assets, net	192,383	198,260
Other assets	25,873	3,088
Total assets	583,276	656,024
Current Liabilities
Accounts payable	71,823	82,755
Accounts payable - related party	2,608	2,232
Accrued expenses and other	34,551	29,164
Accrued warranty reserve	3,098	3,049
Income tax payable	10,224	8,814
Deferred revenue	89,880	149,821
Current portion of contingent consideration	9,567	8,955
Current portion of term loan	4,300	4,313
Other current liabilities	6,288	0
Total current liabilities	232,339	289,103
Long-term liabilities
Deferred tax liability	13,043	13,114
Contingent consideration, net of current portion	10,272	10,736
Other long-term liabilities	6,055	0
Long-term debt, net of current portion, debt discount and issuance costs	391,682	423,970
Total long-term liabilities	421,052	447,820
Total liabilities	653,391	736,923
Commitments and contingencies (Note 12)
Preferred stock of 0.001 par value - 5,000,000 shares authorized; none issued as of March 31, 2021 and December 31, 2020	0	0
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 126,994,467 shares issued as of March 31, 2021 and December 31, 2020	127	127
Additional paid-in capital	148,370	140,473
Accumulated deficit	(218,612)	(221,499)
Total stockholders’ deficit	(70,115)	(80,899)
Total liabilities and stockholders’ deficit	$ 583,276	$ 656,024

Condensed Consolidated Balance Sheets (unaudited) - (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.001	$ 0.001
Authorized preferred stock (in shares )	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Authorized common stock (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued	126,994,467	126,994,467

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue	$ 245,932	$ 437,718
Cost of revenue	202,074	319,302
Gross profit	43,858	118,416
Operating expenses
General and administrative	24,673	11,707
Contingent consideration	148	(1,013)
Depreciation and amortization	5,984	6,374
Total operating expenses	30,805	17,068
Income from operations	13,053	101,348
Other expense
Other (expense) income, net	(78)	108
Interest expense	(9,009)	(5,229)
Total other expense	(9,087)	(5,121)
Income before income tax expense	3,966	96,227
Income tax expense	1,079	22,542
Net income	$ 2,887	$ 73,685
Earnings per share
Earnings per share (in dollars per share)	$ 0.02	$ 0.61
Earnings per share (in dollars per share)	$ 0.02	$ 0.61
Weighted average number of shares
Basic (in shares)	126,994	119,994
Diluted (in shares)	127,298	119,994

Condensed Consolidated Statements of Changes in Member’s Equity/Stockholders’ Deficit (unaudited) - USD ($)
shares in Thousands, $ in Thousands

Total

Units

Common Stock

Additional paid-in capital

Retained earnings

Beginning units balance (in shares) at Dec. 31, 2019

^[1]

Beginning balance at Dec. 31, 2019

$ 305,151

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Equity based compensation

1,758

Net Income

$ 73,685

Ending units balance (in shares) at Mar. 31, 2020

^[1]

Ending balance at Mar. 31, 2020

$ 380,594

Beginning shares balance (in shares) at Dec. 31, 2020

126,994

Stockholders' equity beginning balance at Dec. 31, 2020

(80,899)

$ 127

$ 140,473

$ (221,499)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Equity based compensation

7,897

Net Income

2,887

Ending shares balance (in shares) at Mar. 31, 2021

126,994

Stockholders' equity ending balance at Mar. 31, 2021

$ (70,115)

$ 127

$ 148,370

$ (218,612)

[1]	See note 2 - Summary of Significant Accounting Policies - corporate conversion and stock split

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Cash Flows [Abstract]
Net income	$ 2,887	$ 73,685
Adjustments to reconcile net income to net cash used in operating activities:
Provision for (recovery of) bad debts	(535)	89
Deferred tax benefit	(71)	(2,272)
Depreciation and amortization	6,481	6,861
Amortization of debt discount and issuance costs	3,586	2,160
Interest paid-in-kind	0	1,321
Equity-based compensation	7,911	1,758
Contingent consideration	148	(1,013)
Warranty provision	302	597
Changes in operating assets and liabilities
Accounts receivable	(2,692)	(19,515)
Inventories	(6,246)	27,433
Income tax receivables	13,003	628
Prepaid expenses and other	(3,216)	7,487
Accounts payable	(10,556)	(35,555)
Accounts payable - related party	0	698
Accrued expenses and other	5,134	12,978
Income tax payable	1,410	23,236
Lease liabilities	247	0
Deferred revenue	(59,941)	(301,152)
Net cash used in operating activities	(42,148)	(200,576)
Cash flows used in investing activities
Purchase of property, plant and equipment	(570)	(168)
Investment in equity security	(10,000)	0
Net cash used in investing activities	(10,570)	(168)
Cash flows from financing activities
Proceeds from revolving credit facility	0	10
Principal payments on term loan facility	(30,000)	(57,702)
Debt issuance costs	(6,590)	0
Net cash used in financing activities	(36,590)	(57,692)
Net decrease in cash, cash equivalents and restricted cash	(89,308)	(258,436)
Cash, cash equivalents and restricted cash, beginning of period	108,441	361,257
Cash, cash equivalents, and restricted cash, end of period	$ 19,133	$ 102,821

Organization and Business	3 Months Ended
Organization and Business	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business Array Technologies, Inc. (the “Company”) formerly ATI Intermediate Holdings, LLC, is a Delaware corporation formed in December 2018 as a wholly owned subsidiary of ATI Investment Parent, LLC (“Former Parent”). On October 14, 2020, the Company converted from a Delaware limited liability company to a Delaware corporation and changed the Company’s name to Array Technologies, Inc. The Company is headquartered in Albuquerque, New Mexico, and manufactures and supplies solar tracking systems and related products for customers across the United States and internationally. The Company, through its wholly-owned subsidiaries, High Desert Finance, LLC (“HDF”) and ATI Investment Holdings, Inc. (“ATI Investment”) owns two other subsidiaries through which it conducts substantially all operations; Array Tech, Inc. and Array Technologies Patent Holdings Co., LLC (collectively “AT”). The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The unaudited interim financial statements have been prepared on the same basis as the audited annual financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of results for the interim periods reported. The results for the three months ended March 31, 2021 are not necessarily indicative of results to be expected for the year ending December 31, 2021, any other interim periods, or any future year or period. The balance sheet as of December 31, 2020 included herein was derived from the audited financial statements as of that date. Certain disclosures have been condensed or omitted from the interim financial statements. These financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s 10-K filed with SEC on March 10, 2021. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Recently Adopted Accounting Pronouncements On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02 (Topic 842) “Leases” which supersedes the lease recognition requirements in ASC Topic 840, “Leases”. Under ASU No. 2016-02, lessees are required to recognize assets and liabilities on the consolidated balance sheets for most leases and provide enhanced disclosures. For companies that are not emerging growth companies (“EGCs”), the ASU was effective for fiscal years beginning after December 15, 2018. For EGCs, the ASU is effective for fiscal years beginning after December 15, 2021. The Company early adopted the new standard using the modified retrospective method by recording and right-of-use asset of $13.2 million, short-term portion of lease liabilities of $6.3 million and long-term portion of lease liabilities of $7.2 million as of the effective date. Prior periods will not be restated and will continue to be reported under Topic 840 guidance in effect during those periods. The Company applied the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. The adoption did not have a material impact on its consolidated statements of operations or its consolidated statements of cash flows. See Note 13, Leases, for further information and disclosures related to the adoption of this standard. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU No. 2019-12”), which is intended to simplify various aspects of the accounting for income taxes. ASU No. 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. This standard is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted. The Company has adopted the pronouncement and it did not have a material impact on its consolidated financial statements and related disclosures. Corporate Conversion and Stock Split On October 14, 2020, prior to the issuance of any of our shares of common stock in our initial public offering (the “IPO”), we converted from a Delaware limited liability company to a Delaware corporation. In connection with the corporate conversion, we converted all 1,000 of our outstanding member units into 100,000,000 shares of common stock and then completed a stock split of 1.19994-for-1. The corporate conversion and stock split representing 119,994,467 shares of common stock have been adjusted retroactively for the purposes of calculating basic and diluted earnings per share. Principles of Consolidation The consolidated financial statements include the accounts of Array Technologies, Inc. and its Subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. Significant estimates include impairment of goodwill, impairment of long-lived assets, fair value of contingent consideration, allowance for doubtful accounts, reserve for excess or obsolete inventories, valuation of deferred tax assets and warranty reserve. Management believes that these estimates and assumptions provide a reasonable basis for the fair presentation of the consolidated financial statements. Impact of COVID-19 Pandemic In December 2019, a novel strain of coronavirus, SARS-CoV-2, which causes coronavirus disease 2019, or COVID-19, surfaced in Wuhan, China. Since then, COVID-19 has spread to multiple countries, including the United States. On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. To date, the Company has maintained uninterrupted business operations with normal turnaround times for its delivery of solar tracking systems. The Company has implemented adjustments to its operations designed to keep employees safe and comply with federal, state and local guidelines, including those regarding social distancing. The extent to which COVID19 may further impact the Company’s business, results of operations, financial condition and cash flows will depend on future developments, which are highly uncertain and cannot be predicted with confidence. In response to COVID-19, the United States government has passed legislation and taken other actions to provide financial relief to companies and other organizations affected by the pandemic. Equity-Based Compensation On October 14, 2020, the Company’s 2020 Equity Incentive Plan (the “2020 Plan”) became effective. Under the 2020 Plan, the Company grants (i) restricted stock units (RSU’s) to its employees and non-employee directors in connection with their service on the board of directors, and (ii) performance stock units (“PSUs”) to certain of its executive officers and members of management. The PSUs contain performance and market conditions. The RSUs are valued at the closing stock price on the date of grant and recognized on a straight-line basis over vesting term. The PSU grants were valued using the Monte Carlo simulation method and the assigned fair value on grant date will be recognized on a straight-line basis over the vesting term of the awards. The probability of the awards meeting the performance related vested conditions is not included in the grant date fair value, but rather will be estimated quarterly and the Company will true-up the expense recognition accordingly upon any probability to vest revision. The Company accounts for forfeitures as they occur. In the case of Class B units (the “Class B Units”) and Class C units (the “Class C Units” and, together with the Class B Units, the “Units”) of the Former Parent granted to certain employees and directors of the Company, the determination of the fair value of equity awards issued to employees of the Company was based upon the underlying share price and a number of assumptions, including volatility, performance period, risk-free interest rate and expected dividends. The Class B Units fully vested upon the completion of the Company’s follow-on offering of its common stock in March 2021 (the “2021 Follow-on Offering”) as it was considered a sale of the Former Parent and the Company recognized the remaining unamortized compensation expense of $6.3 million. New Accounting Standards To be adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses, which was subsequently amended by ASU No. 2018-19 and ASU No. 2019-10, requires the measurement of expected credit losses for financial instruments carried at amortized cost held at the reporting date based on historical experience, current conditions and reasonable forecasts. The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no longer impact the determination of whether a credit loss exists. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The standard is effective for EGCs the fiscal year beginning after December 15, 2022, or December 15, 2021 if we were to lose EGC status in 2021. The Company will continue to assess the possible impact of this standard, but currently does not expect the adoption of this standard will have a significant impact on its consolidated financial statements and its limited history of bad debt expense relating to trade accounts receivable.

Inventories

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following (in thousands):


	March 31, 2021		December 31, 2020
Raw materials	$	33,150	$	39,051
Finished goods	97,743		85,833
Reserve for excess or obsolete inventory	(6,188)		(6,425)
Total	$	124,705	$	118,459

Property, Plant, and Equipment

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following (in thousands):


	Estimated Useful Lives (Years)	March 31, 2021		December 31, 2020
Land	N/A	$	1,340	$	1,340
Buildings and land improvements	15-39	2,487		2,486
Manufacturing equipment	7	13,269		13,261
Furniture, fixtures and equipment	5-7	477		443
Vehicles	5	140		140
Hardware and software	3-5	1,333		887
Machinery in progress		82		—
Total		19,128		18,557
Less: accumulated depreciation		(9,388)		(8,783)
Property, plant and equipment, net		$	9,740	$	9,774

Depreciation expense was $0.6 million and $0.5 million for the three months ended March 31, 2021 and 2020, respectively, of which $0.5 million and $0.4 million, respectively, has been allocated to cost of revenue and $0.1 million and $0.1 million, respectively, is included in depreciation and amortization in the accompanying condensed consolidated statements of operations for the three months ended March 31, 2021 and 2020.

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill

Goodwill relates to the Former Parent’s acquisition of AT (the “Acquisition”) in 2016. As of July 8, 2016 (the “Acquisition Date”), goodwill was $121.6 million. As of March 31, 2021 and December 31, 2020 goodwill totaled $69.7 million, net of accumulated impairment of $51.9 million and is not deductible for tax purposes.

Other Intangible Assets

Other intangible assets consisted of the following (in thousands):


	Estimated Useful Lives (Years)	March 31, 2021		December 31, 2020
Amortizable:
Costs:
Developed technology	14	$	203,800	$	203,800
Customer relationships	10	89,500		89,500
Internal-use software modification	2.5	4,356		4,356
Total amortizable intangibles		297,656		297,656

Accumulated amortization:
Developed technology		68,872		65,233
Customer relationships		42,345		40,107
Internal-use software modification costs		4,356		4,356
Total accumulated amortization		115,573		109,696
Total amortizable intangibles, net		182,083		187,960

Non-amortizable costs:
Trade name		10,300		10,300
Total other intangible assets, net		$	192,383	$	198,260

Amortization expense related to intangible assets amounted to $5.9 million for the three months ended March 31, 2021 and 2020, respectively.

Investment in Equity Security	3 Months Ended
Investment in Equity Security	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment in Equity Security	Investment in Equity SecurityThe Company made a $10.0 million investment in preferred stock of a private company in the three months ended March 31, 2021. The investment is accounted for in accordance with ASC 321 at its cost less any impairment. The investment balance as of March 31, 2021 is $10.0 million and is recorded in other assets on the condensed consolidated balance sheet. There is no impairment recorded for the three months ended March 31, 2021.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company follows guidance under ASC Topic 740-270, Interim Reporting, which requires that an estimated annual effective tax rate is applied to year-to-date ordinary income. At the end of each interim period, the Company estimates the effective tax rate expected to be applicable for the full fiscal year. The tax effect of discrete items is recorded in the quarter in which the discrete events occur. For the three months ended March 31, 2021 and 2020 the Company recorded total income tax expense of $1.1 million and $22.5 million, respectively. The effective tax rate was higher than the statutory tax rate of 21% primarily due to state income taxes, non-deductible equity-based compensation, Follow-on Offering costs and other non-deductible expenses for tax reporting purposes. As of the three months ended March 31, 2021 and March 31, 2020, no reserves for uncertain tax positions have been recorded. The Company will continue to monitor this position each interim period.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Term and Revolving Loan

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Term and Revolving Loan


	March 31,		December 31,
	2021		2020
Term loan facility	$	430,000	$	460,000


Revolving credit facility	—		—
	430,000		460,000
Less discount and issuance costs	(34,018)		(31,717)
Long term debt, net of debt discount and issuance costs	395,982		428,283
Less current portion of long-term debt	(4,300)		(4,313)
Long-term debt, net of current portion, debt discount and issuance costs	$	391,682	$	423,970

Senior Secured Credit Facility

On October 14, 2020, the Company entered into a senior secured credit facility consisting of (i) a $575 million senior secured seven-year term loan facility (the “Term Loan Facility”) and (ii) a $150 million senior secured 5-year revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Secured Credit Facility”). As of March 31, 2021, the Term Loan Facility had a balance of $430 million. On February 23, 2021 the Company entered into the First Amendment (“First Amendment”) to it’s Senior Secured Credit Facility. The First Amendment, in the case of the Eurocurrency borrowings, lowers the London interbank offered rate floor to 50 basis points from 100 basis points and lowers the applicable margin to 325 basis points from 400 basis points per annum. This results in the current rate on the Term Loan Facility of 3.75%. On February 26, 2021, we entered into the incremental facility amendment No. 2 (the “Second Amendment”) to the Senior Secured Credit Facility. The Second Amendment increases the $150.0 million Revolving Credit Facility from $150.0 million to $200.0 million. The balance of the Term Loan Facility is presented in the accompanying condensed consolidated balance sheets net of debt discount and issuance costs of $34.0 million at March 31, 2021. The debt discount and issuance costs are being amortized using the effective interest method and the rate as of March 31, 2021 is 5.01%. The Term Loan Facility has an annual excess cash flow calculation beginning with the year ended December 31, 2021 which could require the Company to make advance principal payments.

Letters of Credit

Under the Revolving Credit Facility, the Company had no outstanding balance, $39.7 million in standby letters of credit and availability of $160.3 million under the Revolving Credit Facility as of March 31, 2021.

Related Party Loan	3 Months Ended
Related Party Loan	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Loan	Related Party LoanThe Company had a senior secured promissory note, as amended, with a unit holder of Former Parent that had a balance, net of debt discount and issuance costs as of March 31, 2020 of $41.8 million for which the Company paid interest expense for the three months ended March 31, 2020 of $1.7 million, which consisted of cash interest, PIK interest and amortization of the debt discount. The note was no longer outstanding as of March 31, 2021 and had no balance or interest expense for the three months ended March 31, 2021.Related Party Transactions Accounts Payable-Related Party The Company had $2.6 million and $2.2 million as of March 31, 2021 and December 31, 2020, respectively, of accounts payable - related party with the former shareholders of Array and current unit holder of Former Parent. The payables relate to a federal tax refund related to the pre-Acquisition periods, restricted cash at Acquisition Date which were due to the sellers of Array upon release of the restriction offset by a receivable related to a sales/use tax audit from the pre-Acquisition period for which the seller provided the Company with indemnification. Related Party Loans - see Note 9 Contingent Consideration - see Note 12

Revenue

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Based on Topic 606 provisions, the Company disaggregates its revenue from contracts with customers by those sales recorded over-time and sales recorded at a point in time. The following table presents the Company’s revenue disaggregated by sales recorded over-time and sales recorded at a point in time (in thousands):


	Three Months Ended March 31,
	2021		2020
Over-time revenue	$	231,888	$	417,961
Point in time revenue	14,044		19,757
Total revenue	$	245,932	$	437,718

Contract Balances

The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the consolidated balance sheets. The majority of the Company’s contract amounts are billed as work progresses in accordance with agreed-upon contractual terms, which generally coincide with the shipment of one or more phases of the project. Billing sometimes occurs subsequent to revenue recognition, resulting in contract assets. The changes in contract assets (i.e. unbilled receivables) and the corresponding amounts recorded in revenue relate to fluctuations in the timing and volume of billings for the Company’s revenue recognized over-time. Contract assets consisting of unbilled receivables are recorded within accounts receivable on the consolidated balance sheets on a contract-by-contract basis at the end of the reporting period and consisted of the following (in thousands):


	March 31, 2021		December 31, 2020
Unbilled receivables	$	87,179	$	18,073

The Company also receives advances or deposits from its customers, before revenue is recognized, resulting in contract liabilities. The changes in contract liabilities (i.e. deferred revenue) relate to advanced orders and payments received by the Company. Contract liabilities consisting of deferred revenue recorded on a contract-by-contract basis at the end of each reporting period were as follows (in thousands):


	March 31, 2021		December 31, 2020
Deferred revenue	$	89,881	$	149,821

During the three months ended March 31, 2021, the Company converted $101.8 million deferred revenue to revenue which represented 68.0% of the prior years deferred revenue balance.

Remaining Performance Obligations

As of March 31, 2021, the Company had $394.4 million of remaining performance obligations. The Company expects to recognize revenue on 100% of these performance obligations in the next twelve months.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Earnings per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):


	Three Months Ended March 31,
	2021		2020

Net income	$	2,887	$	73,685
Basic:
Weighted-average shares	126,994		119,994
Earnings per share	$	0.02	$	0.61
Diluted:
Weighted-average shares	126,994		119,994
Equity compensation dilutive securities	304		—
Weighted average dilutive shares	127,298		119,994
Earnings per share	$	0.02	$	0.61

There were 26,671,594 Class B units and 1,000 Class C Units of Former Parent issued to certain employees or directors of the Company which were not included in the calculation of basic or diluted EPS for the three months ended March 31, 2021 and 2020, as the Units do not represent potential units of the Company.

Commitment and Contingencies

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Litigation

The Company, in the normal course of business, is subject to claims and litigation. Management believes that there are no outstanding claims or assessments against the Company that would result in a material unfavorable outcome.

Contingent Consideration

TRA

Concurrent with the Acquisition, Array Tech, Inc. (f/k/a Array Technologies, Inc.) entered into a TRA with the former majority shareholder of Array. The TRA is valued based on the future expected payments under the agreement. The TRA provides for the payment by Array Tech, Inc. to the former owners for certain federal, state, local and non-U.S. tax benefits deemed realized in post-closing taxable periods by Array, from the use of certain deductions generated by the increase in the tax value of the developed technology. The TRA is accounted for as contingent consideration and subsequent changes in fair value of the contingent liability are recognized in general and administrative in the accompanying consolidated statements of operations. As of March 31, 2021 and December 31, 2020, the fair value of the TRA was $19.8 million and $19.7 million, respectively.

Estimating the amount of payments that may be made under the TRA is by nature imprecise. The significant fair value inputs used to estimate the future expected TRA payments to the former owners include the timing of

tax payments, a discount rate, book income projections, timing of expected adjustments to calculate taxable income and the projected rate of use for attributes defined in the TRA.

Payments made under the TRA consider tax positions taken by the Company and are due within 125 days following the filing of the Company’s U.S. federal and state income tax returns under procedures described in the agreement. The current portion of the TRA liability is based on tax returns. The TRA will continue until all tax benefit payments have been made or the Company elects early termination under the terms described in the TRA.

Earn-Out Liability

The Company had a liability during the three months ended March 31, 2020 to the selling stockholders of Array for contingent consideration consisting of earn-out payments in the form of cash upon the occurrence of certain events, including the sale, transfer, assignment, pledge, encumbrance, distribution or disposition of shares held by the acquirer to a third party; initial public offering of the equity securities of Former Parent, acquirer or the Company; the sale of equity securities or assets of Former Parent, acquirer or the Company to a third-party; or a merger, consolidation, recapitalization or reorganization of Former Parent, acquirer or the Company. The maximum aggregate earn-out consideration was $25.0 million. The earn-out liability was paid off in the fourth quarter of the fiscal year ended December 31, 2020.

The fair value of the earn-out liability was initially determined as of the Acquisition Date using unobservable inputs. These inputs include the estimated amount and timing of future cash flows, the probability of a qualifying event occurring, and a risk-free rate used to adjust the probability-weighted cash flows to their present value. Subsequent to the Acquisition Date, at each reporting period, the earn-out liability is re-measured to fair value with changes in fair value recorded in general and administrative in the accompanying condensed consolidated statements of operations.

The following table summarizes the liability related to the estimated contingent consideration (in thousands):


	TRA		Earn-Out Liability		Contingent Consideration
Balance, December 31, 2020	$	19,691	$	—	$	19,691
Fair value adjustment	148		—		148
Balance, March 31, 2021	$	19,839	$	—	$	19,839

Balance, December 31, 2019	$	17,808	$	442	$	18,250
Fair value adjustment	(695)		(318)		(1,013)
Balance, March 31, 2020	$	17,113	$	124	$	17,237

The TRA and earn-out liabilities require significant judgment and are classified as Level 3 in the fair value hierarchy.

Equity Based Compensation

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Equity Based Compensation

Equity-Based Compensation Equity Incentive Plan

On October 14, 2020, the Company’s 2020 Plan became effective. The 2020 Plan authorized 6,683,919 new shares, subject to adjustments pursuant to the 2020 Plan.

In March 2021, the Company granted an aggregate of 226,819 RSU’s to employees and 150,462 Performance Stock Units (PSUs) to certain executives. The PSUs cliff vest after three years and upon meeting certain revenue and adjusted EPS targets. The PSUs also contain a modifier based on the total stock return (TSR) compared a certain Index which modifies the number of PSUs that vest.

Activity under the 2020 Plan was as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
RSU
Unvested, December 31, 2020	500,006	$	22.00
Granted	226,819	37.85
Vested	—	—
Forfeited	—	—
Unvested, March 31, 2021	726,825	$	26.95
PSU	Number of Shares	Weighted Average Grant Date Fair Value
Unvested, December 31, 2020	—	$	—
Granted	150,462	30.74
Vested	—	—
Forfeited	—	—
Unvested, March 31, 2021	150,462	$	30.74

Class B Units

The Company accounted for equity grants to employees of Class B Units of Former Parent (the “Units”) as equity-based compensation under ASC 718, Compensation-Stock Compensation. The Units contained vesting provisions as defined in the agreement. Equity-based compensation cost was measured at the grant date fair value and recognized on a straight-line basis over the requisite service period, including those units with graded vesting with a corresponding credit to additional paid-in capital as a capital contribution from Former Parent; however, the amount of equity-based compensation at any date is equal to the portion of the grant date value of the award that is vested.

The Units issued to employees were measured at fair value on the grant date using an option pricing model. The Company utilizes the estimated weighted average of the Company’s expected fund life dependent on various exit scenarios to estimate the expected term of the awards. Expected volatility is based on the average of historical and implied volatility of a set of comparable companies, adjusted for size and leverage. The risk-free rates are based on the yields of U.S. Treasury instruments with comparable terms. Actual results may vary depending on the assumptions applied within the model.

On March 23, 2021, in connection with the closing of the 2021 Follow-on Offering, all of the outstanding Class B Units of Former Parent were immediately vested per the terms of the equity awards, resulting in the

Company accelerating the recognition of the remaining unamortized compensation expense of $6.3 million in the three months ended March 31, 2021.

For the three months ended March 31, 2021 and 2020, the Company recognized $7.9 million and $1.8 million in equity-based compensation. As of March 31, 2021, the Company had $22.3 million of unrecognized compensation costs which is expected to be recognized over a period of 2.8 years. There were no forfeitures during the three months ending March 31, 2021 and 2020.

Leases

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

Effective January 1, 2021, the Company adopted ASC 842 Leases using the modified retrospective approach. The Company elected the use of the package of practical expedients permitted under the transition guidance which allows the Company not to reassess whether a contract contains a lease, carry forward the historical lease classification and not reassess initial direct lease costs. The Company also elected to apply the short-term measurement and recognition exemption in which the right-of-use (“ROU”) assets and lease liabilities are not recognized for short-term leases. Adoption of this standard resulted in recording of net operating lease ROU assets and corresponding operating lease liabilities of $13.2 million and $13.5 million, respectively. The standard did not materially affect the condensed consolidated statements of income and had no impact on the condensed consolidated statements of cash flows.

The following table summarizes the balances as it relates to leases at the end of the period (in thousands):


	(*)	As of March 31, 2021
ROU Asset	Other assets	$	12,082

Lease liability, current portion	Other current liabilities	$	6,288
Lease liability, long-term portion	Other long-term liabilities	6,041
Total lease liability		$	12,329

(*) Location on the condensed consolidated balance sheet

The Company determines if an arrangement is a lease at its inception. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Operating lease ROU assets also include any initial direct costs and prepayments less lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options. As the Company’s leases generally do not provide an implicit rate, the Company uses its collateralized incremental borrowing rate based on the information available at the lease commencement date, including lease term, in determining the present value of lease payments. Lease expense for these leases is recognized on a straight-line basis over the lease term.

Operating lease arrangements are comprised primarily of real estate and equipment agreements for which the right-of-use assets are included in other assets and the corresponding lease liabilities, depending on their maturity, are included in accrued liabilities or other long-term liabilities in the condensed consolidated balance sheets.

The details of the Company’s operating leases are as follows (in thousands):


	Three Months Ended
	March 31, 2021
Operating lease expense	$	1,651
Variable lease expense	91
Short-term lease expense	—
Total lease expense	$	1,742

The following table presents the maturities of lease liabilities as of March 31, 2021 (in thousands):


Fiscal year ending March 31,						Operating Leases
2021						5,196
2022						6,071
2023						896
2024						794
2025						19
Thereafter						—
Total lease payments						12,976
Less: Imputed lease interest						(647)
Total lease liabilities						12,329

The following table represents future minimum lease obligations under non-cancelable operating leases as of December 31, 2020 (in thousands):


Fiscal year ending December 31,	Operating Leases
2021	$	6,663
2022	6,073
2023	893
2024	791
2025	15
Thereafter	—
Total	$	14,435

The Company’s weighted-average remaining lease-term and weighted-average discount rate are as follows (in thousands):


	Three Months Ended
	March 31, 2021
Weighted average remaining lease-term	2.2 years
Weighted average discount rate	5	%

Supplemental cash flow and other information related to operating leases are as follows:


	Three Months Ended
	March 31, 2021
Operating cash flows from operating leases	$	1,465
Non cash investing activities:
Lease liabilities arising from obtaining right-of-use assets as of January 1, 2021	$	13,464

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party LoanThe Company had a senior secured promissory note, as amended, with a unit holder of Former Parent that had a balance, net of debt discount and issuance costs as of March 31, 2020 of $41.8 million for which the Company paid interest expense for the three months ended March 31, 2020 of $1.7 million, which consisted of cash interest, PIK interest and amortization of the debt discount. The note was no longer outstanding as of March 31, 2021 and had no balance or interest expense for the three months ended March 31, 2021.Related Party Transactions Accounts Payable-Related Party The Company had $2.6 million and $2.2 million as of March 31, 2021 and December 31, 2020, respectively, of accounts payable - related party with the former shareholders of Array and current unit holder of Former Parent. The payables relate to a federal tax refund related to the pre-Acquisition periods, restricted cash at Acquisition Date which were due to the sellers of Array upon release of the restriction offset by a receivable related to a sales/use tax audit from the pre-Acquisition period for which the seller provided the Company with indemnification. Related Party Loans - see Note 9 Contingent Consideration - see Note 12

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2021
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements and New Accounting Standards	Recently Adopted Accounting Pronouncements On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02 (Topic 842) “Leases” which supersedes the lease recognition requirements in ASC Topic 840, “Leases”. Under ASU No. 2016-02, lessees are required to recognize assets and liabilities on the consolidated balance sheets for most leases and provide enhanced disclosures. For companies that are not emerging growth companies (“EGCs”), the ASU was effective for fiscal years beginning after December 15, 2018. For EGCs, the ASU is effective for fiscal years beginning after December 15, 2021. The Company early adopted the new standard using the modified retrospective method by recording and right-of-use asset of $13.2 million, short-term portion of lease liabilities of $6.3 million and long-term portion of lease liabilities of $7.2 million as of the effective date. Prior periods will not be restated and will continue to be reported under Topic 840 guidance in effect during those periods. The Company applied the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. The adoption did not have a material impact on its consolidated statements of operations or its consolidated statements of cash flows. See Note 13, Leases, for further information and disclosures related to the adoption of this standard. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU No. 2019-12”), which is intended to simplify various aspects of the accounting for income taxes. ASU No. 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. This standard is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted. The Company has adopted the pronouncement and it did not have a material impact on its consolidated financial statements and related disclosures. New Accounting Standards To be adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses, which was subsequently amended by ASU No. 2018-19 and ASU No. 2019-10, requires the measurement of expected credit losses for financial instruments carried at amortized cost held at the reporting date based on historical experience, current conditions and reasonable forecasts. The updated guidance also amends the current other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments relating to credit losses through an allowance account and limits the amount of credit loss to the difference between a security’s amortized cost basis and its fair value. In addition, the length of time a security has been in an unrealized loss position will no longer impact the determination of whether a credit loss exists. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The standard is effective for EGCs the fiscal year beginning after December 15, 2022, or December 15, 2021 if we were to lose EGC status in 2021. The Company will continue to assess the possible impact of this standard, but currently does not expect the adoption of this standard will have a significant impact on its consolidated financial statements and its limited history of bad debt expense relating to trade accounts receivable.
Corporate Conversion and Stock Split	Corporate Conversion and Stock Split On October 14, 2020, prior to the issuance of any of our shares of common stock in our initial public offering (the “IPO”), we converted from a Delaware limited liability company to a Delaware corporation. In connection with the corporate conversion, we converted all 1,000 of our outstanding member units into 100,000,000 shares of common stock and then completed a stock split of 1.19994-for-1. The corporate conversion and stock split representing 119,994,467 shares of common stock have been adjusted retroactively for the purposes of calculating basic and diluted earnings per share.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Array Technologies, Inc. and its Subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. Significant estimates include impairment of goodwill, impairment of long-lived assets, fair value of contingent consideration, allowance for doubtful accounts, reserve for excess or obsolete inventories, valuation of deferred tax assets and warranty reserve. Management believes that these estimates and assumptions provide a reasonable basis for the fair presentation of the consolidated financial statements.
Impact of COVID-19 Pandemic	Impact of COVID-19 Pandemic In December 2019, a novel strain of coronavirus, SARS-CoV-2, which causes coronavirus disease 2019, or COVID-19, surfaced in Wuhan, China. Since then, COVID-19 has spread to multiple countries, including the United States. On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. To date, the Company has maintained uninterrupted business operations with normal turnaround times for its delivery of solar tracking systems. The Company has implemented adjustments to its operations designed to keep employees safe and comply with federal, state and local guidelines, including those regarding social distancing. The extent to which COVID19 may further impact the Company’s business, results of operations, financial condition and cash flows will depend on future developments, which are highly uncertain and cannot be predicted with confidence. In response to COVID-19, the United States government has passed legislation and taken other actions to provide financial relief to companies and other organizations affected by the pandemic.
Equity-Based Compensation	Equity-Based Compensation On October 14, 2020, the Company’s 2020 Equity Incentive Plan (the “2020 Plan”) became effective. Under the 2020 Plan, the Company grants (i) restricted stock units (RSU’s) to its employees and non-employee directors in connection with their service on the board of directors, and (ii) performance stock units (“PSUs”) to certain of its executive officers and members of management. The PSUs contain performance and market conditions. The RSUs are valued at the closing stock price on the date of grant and recognized on a straight-line basis over vesting term. The PSU grants were valued using the Monte Carlo simulation method and the assigned fair value on grant date will be recognized on a straight-line basis over the vesting term of the awards. The probability of the awards meeting the performance related vested conditions is not included in the grant date fair value, but rather will be estimated quarterly and the Company will true-up the expense recognition accordingly upon any probability to vest revision. The Company accounts for forfeitures as they occur. In the case of Class B units (the “Class B Units”) and Class C units (the “Class C Units” and, together with the Class B Units, the “Units”) of the Former Parent granted to certain employees and directors of the Company, the determination of the fair value of equity awards issued to employees of the Company was based upon the underlying share price and a number of assumptions, including volatility, performance period, risk-free interest rate and expected dividends. The Class B Units fully vested upon the completion of the Company’s follow-on offering of its common stock in March 2021 (the “2021 Follow-on Offering”) as it was considered a sale of the Former Parent and the Company recognized the remaining unamortized compensation expense of $6.3 million.

Inventory (Tables)

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Schedule of current inventory

Inventories consist of the following (in thousands):


	March 31, 2021		December 31, 2020
Raw materials	$	33,150	$	39,051
Finished goods	97,743		85,833
Reserve for excess or obsolete inventory	(6,188)		(6,425)
Total	$	124,705	$	118,459

Property, Plant, and Equipment (Tables)

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Summary of property, plant and equipment

Property, plant and equipment consisted of the following (in thousands):


	Estimated Useful Lives (Years)	March 31, 2021		December 31, 2020
Land	N/A	$	1,340	$	1,340
Buildings and land improvements	15-39	2,487		2,486
Manufacturing equipment	7	13,269		13,261
Furniture, fixtures and equipment	5-7	477		443
Vehicles	5	140		140
Hardware and software	3-5	1,333		887
Machinery in progress		82		—
Total		19,128		18,557
Less: accumulated depreciation		(9,388)		(8,783)
Property, plant and equipment, net		$	9,740	$	9,774

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of finite-lived intangible assets

Other intangible assets consisted of the following (in thousands):


	Estimated Useful Lives (Years)	March 31, 2021		December 31, 2020
Amortizable:
Costs:
Developed technology	14	$	203,800	$	203,800
Customer relationships	10	89,500		89,500
Internal-use software modification	2.5	4,356		4,356
Total amortizable intangibles		297,656		297,656

Accumulated amortization:
Developed technology		68,872		65,233
Customer relationships		42,345		40,107
Internal-use software modification costs		4,356		4,356
Total accumulated amortization		115,573		109,696
Total amortizable intangibles, net		182,083		187,960

Non-amortizable costs:
Trade name		10,300		10,300
Total other intangible assets, net		$	192,383	$	198,260

Schedule of indefinite-lived intangible assets

Other intangible assets consisted of the following (in thousands):


	Estimated Useful Lives (Years)	March 31, 2021		December 31, 2020
Amortizable:
Costs:
Developed technology	14	$	203,800	$	203,800
Customer relationships	10	89,500		89,500
Internal-use software modification	2.5	4,356		4,356
Total amortizable intangibles		297,656		297,656

Accumulated amortization:
Developed technology		68,872		65,233
Customer relationships		42,345		40,107
Internal-use software modification costs		4,356		4,356
Total accumulated amortization		115,573		109,696
Total amortizable intangibles, net		182,083		187,960

Non-amortizable costs:
Trade name		10,300		10,300
Total other intangible assets, net		$	192,383	$	198,260

Term and Revolving Loan (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of long-term debt instruments


	March 31,		December 31,
	2021		2020
Term loan facility	$	430,000	$	460,000


Revolving credit facility	—		—
	430,000		460,000
Less discount and issuance costs	(34,018)		(31,717)
Long term debt, net of debt discount and issuance costs	395,982		428,283
Less current portion of long-term debt	(4,300)		(4,313)
Long-term debt, net of current portion, debt discount and issuance costs	$	391,682	$	423,970

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-Subparagraph (SX 210.4-08.(e),(f))
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Revenue (Tables)

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following table presents the Company’s revenue disaggregated by sales recorded over-time and sales recorded at a point in time (in thousands):


	Three Months Ended March 31,
	2021		2020
Over-time revenue	$	231,888	$	417,961
Point in time revenue	14,044		19,757
Total revenue	$	245,932	$	437,718

Contract Balances


	March 31, 2021		December 31, 2020
Unbilled receivables	$	87,179	$	18,073


	March 31, 2021		December 31, 2020
Deferred revenue	$	89,881	$	149,821

During the three months ended March 31, 2021, the Company converted $101.8 million deferred revenue to revenue which represented 68.0% of the prior years deferred revenue balance.

Remaining Performance Obligations

As of March 31, 2021, the Company had $394.4 million of remaining performance obligations. The Company expects to recognize revenue on 100% of these performance obligations in the next twelve months.

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):


	Three Months Ended March 31,
	2021		2020

Net income	$	2,887	$	73,685
Basic:
Weighted-average shares	126,994		119,994
Earnings per share	$	0.02	$	0.61
Diluted:
Weighted-average shares	126,994		119,994
Equity compensation dilutive securities	304		—
Weighted average dilutive shares	127,298		119,994
Earnings per share	$	0.02	$	0.61

Commitment and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Summary of liability related to estimated contingent consideration

The following table summarizes the liability related to the estimated contingent consideration (in thousands):


	TRA		Earn-Out Liability		Contingent Consideration
Balance, December 31, 2020	$	19,691	$	—	$	19,691
Fair value adjustment	148		—		148
Balance, March 31, 2021	$	19,839	$	—	$	19,839

Balance, December 31, 2019	$	17,808	$	442	$	18,250
Fair value adjustment	(695)		(318)		(1,013)
Balance, March 31, 2020	$	17,113	$	124	$	17,237

Compensation Related Costs, Share Based Payments (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Disclosure of share-based compensation arrangements by share-based payment award

Activity under the 2020 Plan was as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
RSU
Unvested, December 31, 2020	500,006	$	22.00
Granted	226,819	37.85
Vested	—	—
Forfeited	—	—
Unvested, March 31, 2021	726,825	$	26.95
PSU	Number of Shares	Weighted Average Grant Date Fair Value
Unvested, December 31, 2020	—	$	—
Granted	150,462	30.74
Vested	—	—
Forfeited	—	—
Unvested, March 31, 2021	150,462	$	30.74

Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Summary of balances as it related to leases

The following table summarizes the balances as it relates to leases at the end of the period (in thousands):


	(*)	As of March 31, 2021
ROU Asset	Other assets	$	12,082

Lease liability, current portion	Other current liabilities	$	6,288
Lease liability, long-term portion	Other long-term liabilities	6,041
Total lease liability		$	12,329

(*) Location on the condensed consolidated balance sheet

Schedule of operating lease expenses

The details of the Company’s operating leases are as follows (in thousands):


	Three Months Ended
	March 31, 2021
Operating lease expense	$	1,651
Variable lease expense	91
Short-term lease expense	—
Total lease expense	$	1,742

The Company’s weighted-average remaining lease-term and weighted-average discount rate are as follows (in thousands):


	Three Months Ended
	March 31, 2021
Weighted average remaining lease-term	2.2 years
Weighted average discount rate	5	%

Supplemental cash flow and other information related to operating leases are as follows:


	Three Months Ended
	March 31, 2021
Operating cash flows from operating leases	$	1,465
Non cash investing activities:
Lease liabilities arising from obtaining right-of-use assets as of January 1, 2021	$	13,464

Schedule of operating lease liability maturity

The following table presents the maturities of lease liabilities as of March 31, 2021 (in thousands):


Fiscal year ending March 31,						Operating Leases
2021						5,196
2022						6,071
2023						896
2024						794
2025						19
Thereafter						—
Total lease payments						12,976
Less: Imputed lease interest						(647)
Total lease liabilities						12,329

The following table represents future minimum lease obligations under non-cancelable operating leases as of December 31, 2020 (in thousands):


Fiscal year ending December 31,	Operating Leases
2021	$	6,663
2022	6,073
2023	893
2024	791
2025	15
Thereafter	—
Total	$	14,435

Summary of Significant Accounting Policies (Details) $ in Thousands		1 Months Ended
	Oct. 14, 2020 shares	Mar. 31, 2021 USD ($)	Jan. 01, 2021 USD ($)
Class of Stock [Line Items]
ROU Asset		$ 12,082
Lease liability, current portion		6,288
Lease liability, long-term portion		6,041
Stock split conversion ratio	1.19994
Basic and Diluted (in shares) \| shares	119,994,467
Accounting Standards Update 2016-02
Class of Stock [Line Items]
ROU Asset			$ 13,200
Lease liability, current portion			6,300
Lease liability, long-term portion			$ 7,200
Class B units
Class of Stock [Line Items]
Equity based compensation		$ 6,300
Units
Class of Stock [Line Items]
Number of shares converted \| shares	1,000
Common Stock
Class of Stock [Line Items]
Number of shares issued upon conversion \| shares	100,000,000

Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 33,150	$ 39,051
Finished goods	97,743	85,833
Reserve for excess or obsolete inventory	(6,188)	(6,425)
Inventories, net	$ 124,705	$ 118,459

Property, Plant, and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 19,128	$ 18,557
Less: accumulated depreciation	(9,388)	(8,783)
Property, plant and equipment, net	9,740	9,774
Land
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	1,340	1,340
Buildings and land improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 2,487	2,486
Buildings and land improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	15 years
Buildings and land improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	39 years
Manufacturing equipment
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	7 years
Property, plant, and equipment, gross	$ 13,269	13,261
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 477	443
Furniture, fixtures and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	5 years
Furniture, fixtures and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	5 years
Property, plant, and equipment, gross	$ 140	140
Hardware and software
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 1,333	887
Hardware and software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	3 years
Hardware and software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	5 years
Machinery in progress
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 82	$ 0

Property, Plant, and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 0.6	$ 0.5
Depreciation allocated to cost of revenue	0.5	0.4
Depreciation included in depreciation and amortization	$ 0.1	$ 0.1

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Jul. 08, 2016
Goodwill [Line Items]
Goodwill	$ 69,727		$ 69,727
Accumulated impairment	51,900		$ 51,900
Amortization expense related to intangible assets	$ 5,900	$ 5,900
Array
Goodwill [Line Items]
Goodwill				$ 121,600

Goodwill and Other Intangible Assets - Schedule of other intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Total amortizable intangibles	$ 297,656	$ 297,656
Total accumulated amortization	115,573	109,696
Total amortizable intangibles, net	182,083	187,960
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets, net	192,383	198,260
Trade name
Indefinite-lived Intangible Assets [Line Items]
Non-amortizable costs	$ 10,300	10,300
Developed technology
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	14 years
Total amortizable intangibles	$ 203,800	203,800
Total accumulated amortization	$ 68,872	65,233
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	10 years
Total amortizable intangibles	$ 89,500	89,500
Total accumulated amortization	$ 42,345	40,107
Internal-use software modification
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	2 years 6 months
Total amortizable intangibles	$ 4,356	4,356
Total accumulated amortization	$ 4,356	$ 4,356

Investment in Equity Security (Details) - USD ($)	3 Months Ended
Investment in Equity Security (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investment in equity securities	$ 10,000,000	$ 0
Balance of investment in equity securities	10,000,000.0
Impairment recorded	$ 0

Income Taxes (Details) - USD ($)	3 Months Ended
Income Taxes (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,079,000	$ 22,542,000
Reserves for undertain tax positions	$ 0	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Term and Revolving Loan - Schedule of Long-Term Debt (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, balance	$ 430,000,000	$ 460,000,000
Less discount and issuance costs	(34,018,000)	(31,717,000)
Long term debt, net of debt discount and issuance costs	395,982,000	428,283,000
Less current portion of long-term debt	(4,300,000)	(4,313,000)
Long-term debt, net of current portion, debt discount and issuance costs	391,682,000	423,970,000
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt, balance	0	0
Term loan facility
Debt Instrument [Line Items]
Long-term debt, balance	$ 430,000,000	$ 460,000,000

Term and Revolving Loan (Details) - USD ($)				3 Months Ended
Term and Revolving Loan (Details) - USD ($)	Feb. 23, 2021	Feb. 22, 2021	Oct. 14, 2020	Mar. 31, 2021	Feb. 26, 2021	Feb. 25, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, balance				$ 430,000,000			$ 460,000,000
Debt discount and issuance costs				34,018,000			31,717,000
Senior Secured Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Monthly basis spread on variable rate	0.50%	1.00%
Senior Secured Credit Facility \| Base Rate
Debt Instrument [Line Items]
Minimum annual variable rate	0.0325	0.0400
Term loan facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 575,000,000
Debt instrument term			7 years
Long-term debt, balance				$ 430,000,000
Interest rate applicable margin				3.75%
Debt discount and issuance costs				$ 34,000,000.0
Debt issuance costs and discounts, amortization rate				5.01%
Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 150,000,000			$ 150,000,000.0
Debt instrument term			5 years
Long-term debt, balance				$ 0			$ 0
Revolving credit facility \| Revolving Credit Facility, Second Amendment
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 200,000,000.0

Term and Revolving Loan - Letters of Credit (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, balance	$ 430,000,000	$ 460,000,000
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt, balance	0	$ 0
Available borrowing capacity	160,300,000
Standby Letters of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 39,700,000

Related Party Loan (Details) - Senior Secured Loan - Unit holder of Parent - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Related Party Transaction [Line Items]
Balance of senior secured loan	$ 0	$ 41,800,000
Interest expense	$ 0	$ 1,700,000

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
Revenue (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 245,932	$ 437,718
Unbilled receivables	87,179		$ 18,073
Deferred revenue	89,881		$ 149,821
Deferred revenue recognized	$ 101,800
Percentage of deferred revenue recognized	68.00%
Remaining performance obligation	$ 394,400
Percentage of performance obligation to be recognized	100.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, period	12 months
Over-time revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 231,888	417,961
Point in time revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 14,044	$ 19,757

Earnings per Share - Schedule of earnings per share, basic and diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income	$ 2,887	$ 73,685
Basic:
Weighted average number of shares	126,994	119,994
Earnings per share (in dollars per share)	$ 0.02	$ 0.61
Diluted:
RSU Dilutive shares (in shares)	304	0
Weighted average number of shares	127,298	119,994
Earnings per share (in dollars per share)	$ 0.02	$ 0.61

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

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-Name Accounting Standards Codification
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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Earnings per Share - Narrative (Details) - Equity grants - shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Class B units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares not included in the calculation of basic or diluted EPS	26,671,594	26,671,594
Class C Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares not included in the calculation of basic or diluted EPS	1,000	1,000

Commitment and Contingencies - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration	$ 19,839,000	$ 19,691,000	$ 17,237,000	$ 18,250,000
Array \| TRA
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration	$ 19,839,000	19,691,000	17,113,000	17,808,000
Tax Receivable Agreement, payment term	125 days
Array \| Earn-Out Liability
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration	$ 0	$ 0	124,000	$ 442,000
Maximum aggregate earn-out consideration			$ 25,000,000.0

Commitment and Contingencies - Summary of liability related to estimated contingent consideration (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Business Combination, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration [Roll Forward]
Beginning balance	$ 19,691	$ 18,250
Fair value adjustment	148	(1,013)
Ending balance	19,839	17,237
Array \| TRA
Business Combination, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration [Roll Forward]
Beginning balance	19,691	17,808
Fair value adjustment	148	(695)
Ending balance	19,839	17,113
Array \| Earn-Out Liability
Business Combination, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration [Roll Forward]
Beginning balance	0	442
Fair value adjustment	0	(318)
Ending balance	$ 0	$ 124

Equity Based Compensation (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
Equity Based Compensation (Details) - USD ($) $ in Millions	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Oct. 14, 2020
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized shares				6,683,919
Class B units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation	$ 6.3
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period (in shares)	226,819	226,819
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period (in shares)	150,462	150,462
Vesting period	3 years
Equity grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation		$ 7.9	$ 1.8
Forfeitures in period (in shares)		0	0
Equity grants \| Class B units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs	$ 22.3	$ 22.3
Unrecognized compensation costs, period of recognition		2 years 9 months 18 days

Equity Based Compensation - Schedule of RSU Activity (Details) - $ / shares	1 Months Ended	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2021
RSU
Number of Shares
Unvested, beginning balance (in shares)		500,006
Granted (in shares)	226,819	226,819
Vested (in shares)		0
Forfeited (in shares)		0
Unvested, ending balance (in shares)	726,825	726,825
Weighted Average Grant Date Fair Value
Unvested, weighted average grant date fair value, beginning balance (in dollars per share)		$ 22.00
Granted, weighted average grand date fair value (in dollars per share)		37.85
Vested, weighted average grand date fair value (in dollars per share)		0
Forfeited, weighted average grand date fair value (in dollars per share)		0
Unvested, weighted average grant date fair value, ending balance (in dollars per share)	$ 26.95	$ 26.95
PSU
Number of Shares
Unvested, beginning balance (in shares)		0
Granted (in shares)	150,462	150,462
Vested (in shares)		0
Forfeited (in shares)		0
Unvested, ending balance (in shares)	150,462	150,462
Weighted Average Grant Date Fair Value
Unvested, weighted average grant date fair value, beginning balance (in dollars per share)		$ 0
Granted, weighted average grand date fair value (in dollars per share)		30.74
Vested, weighted average grand date fair value (in dollars per share)		0
Forfeited, weighted average grand date fair value (in dollars per share)		0
Unvested, weighted average grant date fair value, ending balance (in dollars per share)	$ 30.74	$ 30.74

Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jan. 01, 2021
Leases [Abstract]
ROU Asset	$ 12,082
Total lease liabilities	$ 12,329	$ 13,500

Leases - Summary of balances as it relates to leases (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jan. 01, 2021
Leases [Abstract]
ROU Asset	$ 12,082
Operating lease, right-of-use asset, statement of financial position	us-gaap:OtherAssets
Lease liability, current portion	$ 6,288
Operating lease, liability, current, statement of financial position	us-gaap:OtherLiabilitiesCurrent
Lease liability, long-term portion	$ 6,041
Operating lease, liability, noncurrent, statement of financial position	us-gaap:OtherLiabilitiesNoncurrent
Total lease liabilities	$ 12,329	$ 13,500

Leases - Schedule of Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021 USD ($)
Leases [Abstract]
Operating lease expense	$ 1,651
Variable lease expense	91
Short-term lease expense	0
Total lease expense	$ 1,742

Leases - Schedule of Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Leases [Abstract]
2021	$ 5,196		$ 6,663
2022	6,071		6,073
2023	896		893
2024	794		791
2025	19		15
Thereafter	0		0
Total lease payments	12,976		$ 14,435
Less: Imputed lease interest	(647)
Total lease liabilities	$ 12,329	$ 13,500

Leases - Schedule of Weighted-Average Remaining Lease-Term and Discount Rate (Details)	Mar. 31, 2021
Leases [Abstract]
Weighted average remaining lease-term	2 years 2 months 12 days
Weighted average discount rate	5.00%

Leases - Supplemental Cash Flows (Details) $ in Thousands	3 Months Ended
Leases - Supplemental Cash Flows (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 1,465
Non cash investing activities:
Lease liabilities arising from obtaining right-of-use assets as of January 1, 2021	$ 13,464

Related Party Transactions (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Accounts payable - related party	$ 2,608	$ 2,232