TPI Composites (TPIC) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	TPIC
Entity Registrant Name	TPI Composites, Inc.
Entity Central Index Key	0001455684
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		37,257,924
Entity Address, State or Province	AZ
Entity File Number	001-37839
Entity Tax Identification Number	20-1590775
Entity Address, Address Line One	8501 N. Scottsdale Rd.
Entity Address, Address Line Two	Gainey Center II, Suite 100
Entity Address, Postal Zip Code	85253
City Area Code	480
Local Phone Number	305-8910
Entity Address, City or Town	Scottsdale
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, par value $0.01
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 130,893	$ 242,165
Restricted cash	9,869	10,053
Accounts receivable	187,993	157,804
Contract assets	206,064	188,323
Prepaid expenses	29,654	19,280
Other current assets	24,595	22,584
Inventories	17,649	11,533
Assets held for sale	8,529	8,529
Total current assets	615,246	660,271
Property, plant and equipment, net	178,657	169,578
Operating lease right of use assets	160,532	137,192
Other noncurrent assets	41,753	40,660
Total assets	996,188	1,007,701
Current liabilities:
Accounts payable and accrued expenses	316,477	336,697
Accrued warranty	38,943	42,020
Current maturities of long-term debt	46,137	66,438
Current operating lease liabilities	22,652	22,681
Contract liabilities	1,274	1,274
Total current liabilities	425,483	469,110
Long-term debt, net of current maturities	5,573	8,208
Noncurrent operating lease liabilities	148,189	146,479
Other noncurrent liabilities	10,805	10,978
Total liabilities	590,050	634,775
Commitments and contingencies (Note 14)
Stockholders’ equity:
Common shares, $0.01 par value, 100,000 shares authorized, 37,524 shares issued and 37,258 shares outstanding at March 31, 2022 and 100,000 shares authorized, 37,418 shares issued and 37,180 shares outstanding at December 31, 2021	375	374
Paid-in capital	440,588	451,440
Accumulated other comprehensive loss	(7,932)	(54,006)
Accumulated deficit	(285,064)	(269,264)
Treasury stock, at cost, 343 shares at March 31, 2022 and 239 shares at December 31, 2021	(6,935)	(6,592)
Total stockholders’ equity	141,032	121,952
Total liabilities and stockholders’ equity	996,188	1,007,701
Series A Preferred Stock [Member]
Mezzanine equity [Abstract]
Series A Preferred Stock, $0.01 par value, 400 shares authorized; 350 and 350shares issued and outstanding, respectively at March 31, 2022 and December 31, 2021; liquidation preference of $[473,227] at March 31, 2022 and December 31, 2021	$ 265,106	$ 250,974

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	400	400
Preferred Stock, Shares Issued	350	350
Preferred Stock, Shares Outstanding	350	350
Liquidation preference	$ 474,603	$ 473,227
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	37,524	37,419
Common stock, shares outstanding	37,258	37,180
Treasury stock, shares	266	239

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 384,870	$ 404,680
Cost of sales	370,954	383,056
Startup and transition costs	15,543	14,354
Total cost of goods sold	386,497	397,410
Gross profit (loss)	(1,627)	7,270
General and administrative expenses	7,860	8,922
Loss on sale of assets and asset impairments	959	1,297
Restructuring charges, net	2,393	258
Loss from operations	(12,839)	(3,207)
Other income (expense):
Interest expense, net	(769)	(2,704)
Foreign currency income (loss)	210	(3,727)
Miscellaneous income	542	739
Total other expense	(17)	(5,692)
Loss before income taxes	(12,856)	(8,899)
Income tax benefit (provision)	(2,944)	(7,102)
Net loss	(15,800)	(1,797)
Preferred stock dividends and accretion	(14,132)	0
Net Loss Available to Common Stockholders	$ (29,932)	$ (1,797)
Weighted-average common shares outstanding:
Basic	41,899	36,601
Diluted	41,899	36,601
Net loss per common share:
Basic	$ (0.71)	$ (0.05)
Diluted	$ (0.71)	$ (0.05)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (15,800)	$ (1,797)
Other comprehensive income (loss):
Foreign currency translation adjustments	43,369	(5,291)
Unrealized gain (loss) on hedging derivatives, net of taxes of $0 and $651, respectively	2,705	(3,035)
Comprehensive income (loss)	$ 30,274	$ (10,123)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Tax on hedging derivatives	$ 0	$ 651

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Series A Preferred Stock [Member]	Common Stock [Member]	Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Treasury Stock, at Cost [Member]
Beginning balance at Dec. 31, 2020	$ 201,035		$ 368	$ 349,472	$ (32,990)	$ (109,716)	$ (6,099)
Beginning balance, shares at Dec. 31, 2020			36,771
Net loss	(1,797)					(1,797)
Share-based compensation expense	2,494			2,494
Issuances under share-based compensation plan	1,236		$ 1	1,235
Issuances under share-based compensation plan, shares			149
Common stock repurchased for treasury	(34)						34
Other comprehensive income (loss)	(8,326)				(8,326)
Ending balance at Mar. 31, 2021	194,608		$ 369	353,201	(41,316)	(111,513)	(6,133)
Ending balance, shares at Mar. 31, 2021			36,920
Beginning balance at Dec. 31, 2021	121,952		$ 374	451,440	(54,006)	(269,264)	(6,592)
Beginning balance, shares at Dec. 31, 2021		350	37,418
Beginning balance at Dec. 31, 2021		$ 250,974
Temporary Equity, Accretion to Redemption Value		4,527
Net loss	(15,800)					(15,800)
Preferred stock dividends	(9,605)	(9,605)		9,605
Share-based compensation expense	3,279			3,279
Issuances under share-based compensation plan	1		$ 1
Issuances under share-based compensation plan, shares			106
Common stock repurchased for treasury	(343)						343
Other comprehensive income (loss)	46,074				46,074
Accretion of Series A Preferred Stock	(4,527)			(4,527)
Ending Balance at Mar. 31, 2022		$ 265,106
Ending balance at Mar. 31, 2022	$ 141,032		$ 375	$ 440,587	$ (7,932)	$ (285,064)	$ (6,935)
Ending balance, shares at Mar. 31, 2022		350	37,524

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (15,800)	$ (1,797)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	11,753	11,609
Loss on sale of assets and asset impairments	959	1,297
Share-based compensation expense	3,309	2,399
Amortization of debt issuance costs	0	114
Deferred income taxes	(277)	(11,574)
Changes in assets and liabilities:
Accounts receivable	(30,670)	(428)
Contract assets and liabilities	(14,906)	(132)
Operating lease right of use assets and operating lease liabilities	339	2,376
Inventories	(6,027)	(1,129)
Prepaid expenses	(7,704)	6,105
Other current assets	(1,249)	8,302
Other noncurrent assets	1,006	(1,526)
Accounts payable and accrued expenses	(19,113)	(3,466)
Accrued warranty	(3,077)	(4,896)
Other noncurrent liabilities	403	(514)
Net cash provided by (used in) operating activities	(81,054)	6,740
Cash flows from investing activities:
Purchases of property, plant and equipment	(5,516)	(18,786)
Net cash used in investing activities	(5,516)	(18,786)
Cash flows from financing activities:
Proceeds from working capital loans	3,967	0
Repayments of working capital loans	(3,951)	0
Principal repayments of finance leases	(1,545)	(1,406)
Net proceeds from other debt	(21,408)	18,695
Proceeds from exercise of stock options	1	1,216
Repurchase of common stock including shares withheld in lieu of income taxes	(343)	(34)
Net cash provided by financing activities	(23,279)	18,471
Impact of foreign exchange rates on cash, cash equivalents and restricted cash	(1,607)	(49)
Net change in cash, cash equivalents and restricted cash	(111,456)	6,376
Cash, cash equivalents and restricted cash, beginning of year	252,218	130,196
Cash, cash equivalents and restricted cash, end of period	140,762	136,572
Supplemental cash flow information:
Cash paid for interest	639	2,617
Cash paid for income taxes, net of refunds	10,828	5,130
Noncash investing and financing activities:
Right of use assets obtained in exchange for new operating lease liabilities	8,298	1,245
Accrued capital expenditures in accounts payable	1,397	6,975
Paid-in-kind preferred stock dividends and accretion	14,132	0
Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Cash and cash equivalents	242,165	129,857
Restricted cash	10,053	339
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	140,762	136,572
Cash and cash equivalents	130,893	136,236
Restricted cash	9,869	336
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	$ 140,762	$ 136,572

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Note 1. Significant Account ing Policies Functional Currency Change from Turkish Lira to Euro for the Company’s Turkish operations. Effective January 1, 2022, the functional currency for our operations in Turkey changed from the Turkish Lira to the Euro. Nonmonetary assets and liabilities were remeasured into Euros at the rate in effect on the date of the asset's or liability’s inception and then translated into reporting currency based on the current exchange rate. The monetary assets and liabilities were remeasured into Euros at the rate in effect on the date of change and then translated into reporting currency based on the current exchange rate. The difference between historical basis of nonmonetary assets and liabilities and the new basis of $ 44.9 million (increase in net assets) was recorded in the currency translation adjustment account. The amount recorded in the currency translation adjustment account for prior periods was not reversed upon the change in functional currency. The majority of the initial impact of the functional currency change was to property, plant and equipment and operating lease right of use assets with offset to the currency translation adjustment account. While the change of the functional currency was based on a factual assessment, the determination of the date of the change required management’s judgement given the change in the primary economic and business environment in which we operate have evolved over time. When we established our Turkish operations in 2012 and 2013, the Turkish government had a goal of significantly increasing renewable energy being generated and utilized within Turkey by year 2023. During 2014-2017, wind energy being generated and utilized in Turkey increased and management observed that progress was being made towards the Turkish government's goal. In 2018 and 2019, the Turkish government introduced tenders to spur domestic renewable energy generation and utilization in Turkey. However, as of year-end 2020, Turkish domestic renewable energy being generated and utilized was significantly less than originally forecasted by the Turkish government. As of 2021, there were no significant wind turbine installations under the tenders awarded by the Turkish government in 2018 and 2019. Based on recent and anticipated annual domestic renewable energy demand it is unlikely for the local energy generation to reach the Turkish government's goals for 2023. Additionally, in recent years sales to the eurozone have increased and the Company is focused on meeting the export demands of the region. Based on the analysis of the domestic renewable energy demand through 2021 and anticipated future demand, management concluded that Turkish domestic sales will not grow as previously envisioned and most of the future growth will continue to be predominately export sales to the eurozone, which are primarily denominated in Euros. Management re-evaluated all indicators established in ASC Topic 830, "Foreign Currency Matters", to determine the functional currency of our Turkish operations. Such indicators include i) cash flow, ii) sales price, iii) sales market, iv) expense, v) financing and vi) intercompany transactions and arrangements. At the time of the assessment adopted on January 1, 2022, (i) approximately 80% of our sales in Turkey are denominated in Euros and the rest are in USD, (ii) a majority of expenses are denominated in Euros, (iii) all debt and lease obligations are denominated in Euro, (iv) a majority of the cash balances are denominated in Euros and (v) a majority of the intercompany balances are denominated in Euros. When considering all relevant facts together along with managements’ long-term plan for our Turkey operations, management concluded that the Euros best reflects the currency of the primary economic environment in which we currently operate. As a result, the Company adopted the Euro as the functional currency of our Turkish operations effective January 1, 2022 on a prospective basis.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Note 2. Basis of Presentation The condensed consolidated financial statements included herein have been prepared by us without audit, pursuant to the rules and regulations of the SEC and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2021 included in our Annual Report on Form 10-K. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP) have been condensed or omitted, as permitted by the SEC, although we believe the disclosures that are made are adequate to make the information presented herein not misleading. The accompanying condensed consolidated financial statements reflect, in the opinion of our management, all normal recurring adjustments necessary to present fairly our financial position at March 31, 2022, and the results of our operations, comprehensive income (loss) and cash flows for the periods presented. Interim results for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the full years. Certain prior period amounts in the condensed consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. The preparation of these condensed consolidated financial statements in conformity with 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accompanying condensed consolidated financial statements include the accounts of TPI Composites, Inc. and all of our majority owned subsidiaries. All significant intercompany transactions and balances have been eliminated. References to TPI Composites, Inc, the “Company,” “we,” “us” or “our” in these notes refer to TPI Composites, Inc. and its consolidated subsidiaries. Accounting Pronouncements Recently Issued Accounting Pronouncements Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. This ASU only applies to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued because of reference rate reform. This ASU is effective for all entities beginning on March 12, 2020 and entities may elect to apply the ASU prospectively through December 31, 2022. The FASB later issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope , to clarify the scope of Topic 848 so that derivatives affected by the discounting transition are explicitly eligible for certain optional expedients and exceptions in Topic 848. We are currently evaluating the impact this guidance may have on our condensed consolidated financial statements and related disclosures.

Revenue From Contracts with Cus

Revenue From Contracts with Customers	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue From Contracts with Customers	Note 3. Revenue From Contracts with Customers For a detailed discussion of our revenue recognition policy, refer to the discussion in Note 1, Summary of Operations and Summary of Significant Accounting Policies – (c) Revenue Recognition , to the Notes to Consolidated Financial Statements within our Annual Report on Form 10-K. The following tables represents the disaggregation of our net sales revenue by product for each of our reportable segments: Three Months Ended March 31, 2022 U.S. Asia Mexico EMEA India Total (in thousands) Wind blade sales $ — $ 36,399 $ 129,606 $ 146,849 $ 41,727 $ 354,581 Precision molding and — 3,859 147 — — 4,006 Transportation sales 12,857 — — — — 12,857 Field service, inspection and 8,601 968 — 281 — 9,850 Other sales 99 120 643 2,555 159 3,576 Total net sales $ 21,557 $ 41,346 $ 130,396 $ 149,685 $ 41,886 $ 384,870 Three Months Ended March 31, 2021 U.S. Asia Mexico EMEA India Total (in thousands) Wind blade sales $ 39,627 $ 72,503 $ 108,442 $ 111,027 $ 47,580 $ 379,179 Precision molding and — 3,964 4,963 — — 8,927 Transportation sales 8,131 — — — — 8,131 Field service, inspection and 2,994 308 — 1,013 — 4,315 Other sales 241 153 3,347 326 61 4,128 Total net sales $ 50,993 $ 76,928 $ 116,752 $ 112,366 $ 47,641 $ 404,680 For a further discussion regarding our operating segments, see Note 16, Segment Reporting . The geographic regions of Europe, the Middle East and Africa comprises the EMEA segment. Contract Assets and Liabilities Contract assets consist of the amount of revenue recognized over time for performance obligations in production where control has transferred to the customer but the contract does not yet allow for the customer to be billed. Typically, customers are billed when the product finishes production and meets the technical specifications contained in the contract. The majority of the contract asset balance relates to materials procured based on customer specifications. The contract assets are recorded as current assets in the condensed consolidated balance sheets. Contract liabilities consist of advance payments in excess of revenue earned. These amounts primarily represent progress payments received as precision molding and assembly systems are being manufactured. The contract liabilities are recorded as current liabilities in the condensed consolidated balance sheets and are reduced as we record revenue over time. These contract assets and liabilities are reported on the condensed consolidated balance sheets net on a contract-by-contract basis at the end of each reporting period. Contract assets and contract liabilities consisted of the following: March 31, December 31, 2022 2021 $ Change (in thousands) Gross contract assets $ 208,010 $ 196,659 $ 11,351 Less: reclassification from contract liabilities ( 1,946 ) ( 8,336 ) 6,390 Contract assets $ 206,064 $ 188,323 $ 17,741 March 31, December 31, 2022 2021 $ Change (in thousands) Gross contract liabilities $ 3,220 $ 9,610 $ ( 6,390 ) Less: reclassification to contract assets ( 1,946 ) ( 8,336 ) 6,390 Contract liabilities $ 1,274 $ 1,274 $ — Contract assets increased by $ 17.7 million from December 31, 2021 to March 31, 2022 due to an increase in customer specific material purchases and incremental unbilled production during the three months ended March 31, 2022. Contracts liabilities, net of the amounts reclassed to contract assets, remained consistent from December 31, 2021 to March 31, 2022. For the three months ended March 31, 2022 , we recognized $ 1.3 million of revenue related to precision molding and assembly systems and wind blades, which was included in the corresponding contract liability balance at the beginning of the period. Performance Obligations Remaining performance obligations represent the transaction price for which work has not been performed and excludes any unexercised contract options. The transaction price includes estimated variable consideration as determined based on the estimated production output within the range of the contractual guaranteed minimum volume obligations and production capacity. As of March 31, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations to be satisfied in future periods was approximately $ 2.5 billion. We estimate that we will recognize the remaining performance obligations as revenue as follows: $ % of Total (in thousands) Year Ending December 31, Remainder of 2022 $ 1,262,407 51.3 % 2023 1,019,335 41.4 2024 180,761 7.3 Total remaining performance obligations $ 2,462,503 100 % For the three months ended March 31, 2022 , net revenue recognized from our performance obligations satisfied in previous period decreased by $ 6.6 million, as compared to decreases of $ 8.5 million, in the same period in 2021. The current year decreases primarily relates to changes in certain of our estimated total contract values and related direct costs to complete the performance obligations.

Significant Risks and Uncertain

Significant Risks and Uncertainties	3 Months Ended
	Mar. 31, 2022
Risks and Uncertainties [Abstract]
Significant Risks and Uncertainties	Note 4. Significant Risks and Uncertainties Our revenues and receivables are earned from a small number of customers. As such, our production levels are dependent on these customers’ orders. See Note 15, Concentration of Customers . We may be required to reinstate temporary production suspensions or volume reductions at our manufacturing facilities to the extent there are new resurgences of COVID-19 cases in the regions where we operate or there is an outbreak of positive COVID-19 cases in any of our manufacturing facilities. The after-effects of the pandemic continue to evolve and affect supply chain performance and underlying assumptions in various ways – specifically with volatility in commodity and logistics costs. There were both significant price increases and supply constraints during the three months ended March 31, 2022, as compared to the same period in 2021 with respect to resin and carbon fiber, which are key raw materials that we use to manufacture our products, as well as increases in logistics costs to obtain raw materials. We expect carbon fiber and related product supply will remain constrained. Production of carbon products is very energy intensive and although we are able to pass on a majority of cost increases onto our customers, rising energy costs could continue to adversely impact cost of materials. If the supply of resin feedstocks and carbon fiber continue to be constrained and the prices for these raw materials remain elevated for an extended period of time, such constraints and elevated price levels could have a further material adverse impact on our results of operations. Although we believe that the onshore wind market will continue to grow over the long term, the expiration of the United States Production Tax Credit (PTC) at the end of 2021 and the lack of new policy or legislation has created uncertainty in the near term. We are monitoring legislative and regulatory policy proposals to extend or expand tax credits and other programs in the United States to promote wind energy. We maintain our United States (U.S.) cash in bank deposit and money market accounts that, at times, exceed U.S. federally insured limits. U.S. bank accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) in an amount up to $ 250,000 during 2022 and 2021. U.S. money market accounts are not guaranteed by the FDIC. At March 31, 2022 and December 31, 2021, we had $ 112.6 million and $ 165.4 million, respectively, of cash in bank deposit and money market accounts in U.S. banks, which were in excess of FDIC limits. We have not experienced losses in any such accounts. We also maintain cash in bank deposit accounts outside the U.S. with no insurance. At March 31, 2022, this included $ 10.6 million in China, $ 3.0 million in Turkey, $ 2.4 million in India, $ 1.8 million in Mexico and $ 0.5 million in other countries. As of December 31, 2021, this included $ 25.9 million in China, $ 42.6 million in Turkey, $ 5.7 million in India, $ 2.1 million in Mexico and $ 0.5 million in other countries. We have not experienced losses in these accounts. In addition, at March 31, 2022 and December 31, 2021, we had short-term deposits in interest bearing accounts in the U.S. of $ 9.9 million and $ 10.1 million, respectively, which are reported as restricted cash in our condensed consolidated balance sheets.

Accrued Warranty

Accrued Warranty	3 Months Ended
	Mar. 31, 2022
Product Warranties Disclosures [Abstract]
Accrued Warranty	Note 5. Accrued Warranty The warranty accrual activity for the periods noted consisted of the following: Three Months Ended March 31, 2022 2021 (in thousands) Warranty accrual at beginning of period $ 42,020 $ 50,852 Accrual during the period 3,066 4,847 Cost of warranty services provided during the period ( 8,314 ) ( 7,571 ) Changes in estimate for pre-existing warranties, 2,171 ( 2,172 ) Warranty accrual at end of period $ 38,943 $ 45,956

Long-Term Debt, Net of Current

Long-Term Debt, Net of Current Maturities	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt, Net of Current Maturities	Note 6. Long-Term Debt, Net of Current Maturities Long-term debt, net of current maturities, consisted of the following: March 31, December 31, 2022 2021 (in thousands) Unsecured financing—EMEA $ 27,146 $ 48,444 Secured and unsecured working capital—India 10,285 10,269 Unsecured term loan—India 8,109 8,109 Equipment finance lease—Mexico 4,686 5,821 Equipment finance lease—EMEA 1,402 1,884 Other equipment finance leases 82 119 Total debt—principal 51,710 74,646 Less: Current maturities of long-term debt ( 46,137 ) ( 66,438 ) Long-term debt, net of current maturities $ 5,573 $ 8,208

Share-Based Compensation Plans

Share-Based Compensation Plans	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Share-Based Compensation Plans	Note 7. Share-Based Compensation Plans During the three months ended March 31, 2022 , we issued to certain employees an aggregate of 764,318 timed-based restricted stock units (RSUs), 37,065 performance-based restricted stock units (PSUs) that vest upon achievement of annual, adjusted Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) targets measured from January 1, 2022 through December 31, 2024, 111,193 PSUs that vest upon achievement of certain stock price hurdles for the period of the grant date through December 31, 2024, and 49,781 PSUs that vest upon achievement of certain strategic targets measured from January 12, 2022 through January 12, 2032. 167,507 of the time-based RSUs vest on the third anniversary date of the grant date, 413,467 of the time-based RSUs vest 50 % on the first and second anniversary of the grant date, respectively and 183,344 of the time-based RSUs vest 25 % on the first, second, third and fourth anniversary of the grant date, respectively. Each of the time-based and performance-based awards are subject to the recipient’s continued service with us, the terms and conditions of our stock option and incentive plan and the applicable award agreement. The share-based compensation expense recognized in the condensed consolidated statements of operations was as follows: Three Months Ended March 31, 2022 2021 (in thousands) Cost of goods sold $ 889 $ 203 General and administrative expenses 2,420 2,196 Total share-based compensation expense $ 3,309 $ 2,399 The share-based compensation expense recognized by award type was as follows: Three Months Ended March 31, 2022 2021 (in thousands) RSUs $ 2,819 $ 1,255 Stock options 164 618 PSUs 326 526 Total share-based compensation expense $ 3,309 $ 2,399

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Note 8. Leases We have operating and finance leases for our manufacturing facilities, warehouses, offices, automobiles and certain of our machinery and equipment. Our leases have remaining lease terms of between one and 15 years , some of which may include options to extend the leases up to five years . The components of lease cost were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Total operating lease cost $ 11,216 $ 9,716 Finance lease cost Amortization of assets under finance leases $ 1,037 $ 900 Interest on finance leases 110 189 Total finance lease cost $ 1,147 $ 1,089 Total lease assets and liabilities were as follows: March 31, December 31, 2022 2021 (in thousands) Operating Leases Operating lease right of use assets $ 160,532 $ 137,192 Current operating lease liabilities $ 22,652 $ 22,681 Noncurrent operating lease liabilities 148,189 146,479 Total operating lease liabilities $ 170,841 $ 169,160 Finance Leases Property, plant and equipment, gross $ 36,606 $ 26,405 Less: accumulated depreciation ( 21,343 ) ( 13,782 ) Total property, plant and equipment, net $ 15,263 $ 12,623 Current maturities of long-term debt $ 4,300 $ 5,435 Long-term debt, net of debt issuance costs and current maturities 1,870 2,389 Total finance lease liabilities $ 6,170 $ 7,824 Future minimum lease payments under noncancelable leases as of March 31, 2022 were as follows: Operating Finance Leases Leases (in thousands) Year Ending December 31, Remainder of 2022 $ 26,248 $ 4,182 2023 33,124 1,344 2024 29,006 711 2025 28,546 379 2026 28,879 7 Thereafter 83,486 — Total future minimum lease payments 229,289 6,623 Less: interest ( 58,448 ) ( 453 ) Total lease liabilities $ 170,841 $ 6,170 Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2022 2021 (in thousands) Cash paid for amounts included in the measurement of lease Operating cash flows from operating leases $ 8,965 $ 9,250 Operating cash flows from finance leases 110 189 Financing cash flows from finance leases 1,545 1,406 Other information related to leases was as follows: March 31, December 31, 2022 2021 Weighted-Average Remaining Lease Term (In Years): Operating leases 7.1 7.0 Finance leases 1.8 1.9 Weighted-Average Discount Rate: Operating leases 8.1 % 8.0 % Finance leases 5.7 % 5.8 % As of March 31, 2022 , there were no material additional leases related to our manufacturing facilities, warehouses, offices, automobiles or our machinery and equipment which have not yet commenced.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Note 9. Financial Instruments Foreign Exchange Forward Contracts We use foreign exchange forward contracts to mitigate our exposure to fluctuations in exchange rates between the functional currencies of our subsidiaries and the other currencies in which they transact. We do not use such forward contracts for speculative or trading purposes. Mexican Peso With regards to our foreign exchange call option contracts, for the three months ended March 31, 2022 and 2021 , $ 0.6 million and $ 0.7 million of premium amortization was recorded through cost of sales within our condensed consolidated statements of operations, respectively. The net income (loss) recognized in accumulated other comprehensive loss in our condensed consolidated statements of changes in stockholders’ equity for our foreign exchange call option contracts is expected to be recognized in cost of sales in our condensed consolidated statements of operations during the next nine months. As of March 31, 2022 and December 31, 2021 , the notional values associated with our foreign exchange call option contracts qualifying as cash flow hedges were approximately 1.1 billion Mexican Pesos (approximately $52.4 million) and approximately 0.4 billion Mexican Pesos (approximately $ 20.2 million), respectively. Chinese Renminbi With regards to our foreign exchange forward contracts, for which hedge accounting does not apply, for the three months ended March 31, 2022 and 2021 , $ 0.0 million and $ 0.1 million in gains were recorded through foreign currency income (loss) within our condensed consolidated statements of operations, respectively. India Rupee With regards to our foreign exchange call option contracts, for which hedge accounting does not apply, for the three months ended March 31, 2022 and 2021 , $ 0.1 million and $ 0.7 million in gains were recorded through foreign currency income (loss) within our condensed consolidated statements of operations, respectively. Additionally, with regards to our foreign exchange call option contracts, for the three months ended March 31, 2022 and 2021 , $ 0.6 million and $ 0.0 million of premium amortization was recorded as losses through foreign currency income (loss) within our condensed consolidated statements of operations, respectively. The fair values and location of our financial instruments in our condensed consolidated balance sheets were as follows: Condensed Consolidated March 31, December 31, Financial Instrument Balance Sheet Line Item 2022 2021 (in thousands) Foreign exchange forward contracts Other current assets $ 3,912 $ 1,580 Foreign exchange forward contracts Accounts payable and accrued — 1,052 The following table presents the pretax amounts reclassified from accumulated other comprehensive loss into our condensed consolidated statements of operations: Accumulated Condensed Consolidated Three Months Ended Other Comprehensive Statement of Operations March 31, Loss Component Line Item 2022 2021 (in thousands) Foreign exchange forward Cost of sales $ ( 640 ) $ ( 2,002 )

Restructuring Charges, Net

Restructuring Charges, Net	3 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring Charges, Net	Note 10. Restructuring Charges, Net The following is a summary of our r estructuring charges, net for the period presented: Three Months Ended March 31, 2022 U.S. Asia Mexico Total (in thousands) Severance $ 44 $ 1,553 $ 266 $ 1,863 Other restructuring costs 147 383 — 530 Total restructuring charges, net $ 191 $ 1,936 $ 266 $ 2,393 For the three months ended March 31, 2021, we incurred $ 0.3 million in restructuring charges related to our Asia segment. The following is a summary of our restructuring liability activity for the periods presented: U.S. Asia Mexico Total (in thousands) Balance at December 31, 2021 $ 2,638 $ 8,145 $ 2,161 $ 12,944 Restructuring charges, net 191 1,936 266 2,393 Payments ( 1,920 ) ( 4,675 ) ( 415 ) ( 7,010 ) Balance at March 31, 2022 $ 909 $ 5,406 $ 2,012 $ 8,327

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes For the three months ended March 31, 2022 , we reported an income tax provision of $ 2.9 million as compared to an income tax benefit of $ 7.1 million in the comparative prior year period. This increase resulted primarily from the change in the mix of earnings of foreign jurisdictions and an increase in U.S. valuation allowance and uncertain tax positions compared to the same period in 2021. No changes in tax law occurred during the three months ended March 31, 2022 , which had a material impact on our income tax provision. We do not record a deferred tax liability related to unremitted foreign earnings as we maintain our assertion to indefinitely reinvest our unremitted foreign earnings.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share	Note 12. Net Income (Loss) Per Common Share The following table sets forth the computation of basic and diluted net income (loss) per common share: Three Months Ended March 31, 2022 2021 (in thousands, except per share data) Numerator: Net loss $ ( 15,800 ) $ ( 1,797 ) Preferred stock dividends and accretion ( 14,132 ) — Net loss attributable to common stockholders $ ( 29,932 ) $ ( 1,797 ) Denominator: Basic weighted-average shares outstanding 41,899 36,601 Effect of dilutive awards — — Diluted weighted-average shares outstanding 41,899 36,601 Basic net income (loss) per common share $ ( 0.71 ) $ ( 0.05 ) Diluted net income (loss) per common share $ ( 0.71 ) $ ( 0.05 ) Potentially dilutive shares excluded from the calculation 474 2,040 Anti dilutive share-based compensation awards 429 — For the three months ended March 31, 2022 , the weighted average number of common shares outstanding during the period includes 4,666,667 of outstanding, fully vested warrants that are exercisable for $ 0.01 per warrant.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Stockholders Equity	Note 13. Stockholders’ Equity Accumulated Other Comprehensive Loss The following tables presents the changes in accumulated other comprehensive loss (AOCL) by component: Three Months Ended March 31, 2022 Foreign Foreign currency exchange translation Interest rate forward Total adjustments swap contracts AOCL (in thousands) Balance at December 31, 2021 $ ( 48,530 ) $ — $ ( 5,476 ) $ ( 54,006 ) Other comprehensive income (loss) before reclassifications 43,369 — 3,345 46,714 Amounts reclassified from AOCL — — ( 640 ) ( 640 ) Net tax effect — — — — Net current period other comprehensive income (loss) 43,369 — 2,705 46,074 Balance at March 31, 2022 ( 5,161 ) - ( 2,771 ) ( 7,932 ) Three Months Ended March 31, 2021 Foreign Foreign currency exchange translation Interest rate forward Total adjustments swap contracts AOCL (in thousands) Balance at December 31, 2020 $ ( 30,111 ) $ ( 3,443 ) $ 564 $ ( 32,990 ) Other comprehensive income (loss) before reclassifications ( 5,291 ) 597 ( 2,281 ) ( 6,975 ) Amounts reclassified from AOCL — — ( 2,002 ) ( 2,002 ) Net tax effect — ( 139 ) 790 651 Net current period other comprehensive income (loss) ( 5,291 ) 458 ( 3,493 ) ( 8,326 ) Balance at March 31, 2021 ( 35,402 ) ( 2,985 ) ( 2,929 ) ( 41,316 )

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14. Commitments and Contingencies Legal Proceedings From time to time, we are party to various lawsuits, claims, and other legal proceedings that arise in the ordinary course of business, some of which may not be covered by insurance. Upon resolution of any pending legal matters, we may incur charges in excess of presently established reserves. Our management does not believe that any such charges would, individually or in the aggregate, have a material adverse effect on our financial condition, results of operations or cash flows. In January 2021, we received a complaint that was filed by the administrator for the Senvion GmbH (Senvion) insolvency estate in German insolvency court. The complaint asserts voidance against us in the aggregate amount of $ 13.3 million. The alleged voidance claims relate to payments that Senvion made to us for wind blades that we produced prior to Senvion filing for insolvency protection. We filed a response to these alleged voidance claims in August 2021 and filed a supplemental response in April 2022. We believe we have meritorious defenses to the alleged voidance claims. Due to the early stage of this claim, we have determined that the ultimate outcome cannot be estimated at this time.

Concentration of Customers

Concentration of Customers	3 Months Ended
	Mar. 31, 2022
Risks and Uncertainties [Abstract]
Concentration of Customers	Note 15. Concentration of Customers Net sales from certain customers (in thousands) in excess of 10 percent of our total consolidated net sales are as follows: Three Months Ended March 31, 2022 2021 Customer Net sales % of T otal Net sales % of T otal Vestas $ 164,966 42.9 % $ 169,218 41.8 % Nordex 117,293 30.5 76,543 18.9 GE 57,620 15.0 104,852 25.9 Trade accounts receivable from certain customers in excess of 10 percent of our total consolidated trade accounts receivable are as follows: March 31, December 31, 2022 2021 Customer % of Total % of Total Nordex 56.3 % 61.5 % Vestas 17.8 10.7 Enercon 11.0 14.7

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	Note 16. Segment Reporting Our operating segments are defined geographically into five geographic operating segments—(1) the U.S., (2) Asia, (3) Mexico, (4) EMEA and (5) India. For a detailed discussion of our operating segments, refer to the discussion in Note 21, Segment Reporting , to the Notes to Consolidated Financial Statements within our Annual Report on Form 10-K. Our U.S. and India segments operate in U.S. dollars. Our Mexico and Asia segments operate in their local currency and include a U.S. parent company that operates in U.S. dollars. Our EMEA segment operates in Euros, effective January 1, 2022. Prior to this, our EMEA segment operated in Turkish Lira. The following tables set forth certain information regarding each of our segments: Three Months Ended March 31, 2022 2021 (in thousands) Net sales by segment: U.S. $ 21,557 $ 50,993 Asia 41,346 76,928 Mexico 130,396 116,752 EMEA 149,685 112,366 India 41,886 47,641 Total net sales $ 384,870 $ 404,680 Net sales by geographic location (1) : United States $ 21,557 $ 50,993 China 41,346 76,928 Mexico 130,396 116,752 Turkey 149,685 112,366 India 41,886 47,641 Total net sales $ 384,870 $ 404,680 Income (loss) from operations: U.S. (2) $ ( 6,534 ) $ ( 9,913 ) Asia ( 6,109 ) 2,709 Mexico ( 23,704 ) ( 5,731 ) EMEA 23,617 9,788 India ( 109 ) ( 60 ) Total loss from operations $ ( 12,839 ) $ ( 3,207 ) March 31, December 31, 2022 2021 (in thousands) Property, plant and equipment, net: U.S. $ 24,293 $ 25,522 Asia (China) 25,552 26,965 Mexico 67,663 71,208 EMEA (Turkey) 29,397 14,413 India 31,752 31,470 Total property, plant and equipment, net $ 178,657 $ 169,578 (1) Net sales are attributable to countries based on the location where the product is manufactured or the services are performed. (2) The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 7.9 million and $ 8.9 million for the three months ended March 31, 2022 and 2021 , respectively.

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	The condensed consolidated financial statements included herein have been prepared by us without audit, pursuant to the rules and regulations of the SEC and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2021 included in our Annual Report on Form 10-K. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP) have been condensed or omitted, as permitted by the SEC, although we believe the disclosures that are made are adequate to make the information presented herein not misleading. The accompanying condensed consolidated financial statements reflect, in the opinion of our management, all normal recurring adjustments necessary to present fairly our financial position at March 31, 2022, and the results of our operations, comprehensive income (loss) and cash flows for the periods presented. Interim results for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the full years. Certain prior period amounts in the condensed consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation. The preparation of these condensed consolidated financial statements in conformity with 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accompanying condensed consolidated financial statements include the accounts of TPI Composites, Inc. and all of our majority owned subsidiaries. All significant intercompany transactions and balances have been eliminated. References to TPI Composites, Inc, the “Company,” “we,” “us” or “our” in these notes refer to TPI Composites, Inc. and its consolidated subsidiaries.
Accounting Pronouncements	Accounting Pronouncements Recently Issued Accounting Pronouncements Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. This ASU only applies to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued because of reference rate reform. This ASU is effective for all entities beginning on March 12, 2020 and entities may elect to apply the ASU prospectively through December 31, 2022. The FASB later issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope , to clarify the scope of Topic 848 so that derivatives affected by the discounting transition are explicitly eligible for certain optional expedients and exceptions in Topic 848. We are currently evaluating the impact this guidance may have on our condensed consolidated financial statements and related disclosures.

Revenue From Contracts with C_2

Revenue From Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Summary of Disaggregation of Net Sales Revenue by Product for Each of Reportable Segments	The following tables represents the disaggregation of our net sales revenue by product for each of our reportable segments: Three Months Ended March 31, 2022 U.S. Asia Mexico EMEA India Total (in thousands) Wind blade sales $ — $ 36,399 $ 129,606 $ 146,849 $ 41,727 $ 354,581 Precision molding and — 3,859 147 — — 4,006 Transportation sales 12,857 — — — — 12,857 Field service, inspection and 8,601 968 — 281 — 9,850 Other sales 99 120 643 2,555 159 3,576 Total net sales $ 21,557 $ 41,346 $ 130,396 $ 149,685 $ 41,886 $ 384,870 Three Months Ended March 31, 2021 U.S. Asia Mexico EMEA India Total (in thousands) Wind blade sales $ 39,627 $ 72,503 $ 108,442 $ 111,027 $ 47,580 $ 379,179 Precision molding and — 3,964 4,963 — — 8,927 Transportation sales 8,131 — — — — 8,131 Field service, inspection and 2,994 308 — 1,013 — 4,315 Other sales 241 153 3,347 326 61 4,128 Total net sales $ 50,993 $ 76,928 $ 116,752 $ 112,366 $ 47,641 $ 404,680
Summary of Contract Assets and Contract Liabilities	Contract assets and contract liabilities consisted of the following: March 31, December 31, 2022 2021 $ Change (in thousands) Gross contract assets $ 208,010 $ 196,659 $ 11,351 Less: reclassification from contract liabilities ( 1,946 ) ( 8,336 ) 6,390 Contract assets $ 206,064 $ 188,323 $ 17,741 March 31, December 31, 2022 2021 $ Change (in thousands) Gross contract liabilities $ 3,220 $ 9,610 $ ( 6,390 ) Less: reclassification to contract assets ( 1,946 ) ( 8,336 ) 6,390 Contract liabilities $ 1,274 $ 1,274 $ —
Schedule of Estimate to Recognize Remaining Performance Obligations as Revenue	We estimate that we will recognize the remaining performance obligations as revenue as follows: $ % of Total (in thousands) Year Ending December 31, Remainder of 2022 $ 1,262,407 51.3 % 2023 1,019,335 41.4 2024 180,761 7.3 Total remaining performance obligations $ 2,462,503 100 %

Accrued Warranty (Tables)

Accrued Warranty (Tables)	3 Months Ended
	Mar. 31, 2022
Product Warranties Disclosures [Abstract]
Schedule of Warranty Accrual Activity	The warranty accrual activity for the periods noted consisted of the following: Three Months Ended March 31, 2022 2021 (in thousands) Warranty accrual at beginning of period $ 42,020 $ 50,852 Accrual during the period 3,066 4,847 Cost of warranty services provided during the period ( 8,314 ) ( 7,571 ) Changes in estimate for pre-existing warranties, 2,171 ( 2,172 ) Warranty accrual at end of period $ 38,943 $ 45,956

Long-Term Debt, Net of Curren_2

Long-Term Debt, Net of Current Maturities (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt, Net of Current Maturities	Long-term debt, net of current maturities, consisted of the following: March 31, December 31, 2022 2021 (in thousands) Unsecured financing—EMEA $ 27,146 $ 48,444 Secured and unsecured working capital—India 10,285 10,269 Unsecured term loan—India 8,109 8,109 Equipment finance lease—Mexico 4,686 5,821 Equipment finance lease—EMEA 1,402 1,884 Other equipment finance leases 82 119 Total debt—principal 51,710 74,646 Less: Current maturities of long-term debt ( 46,137 ) ( 66,438 ) Long-term debt, net of current maturities $ 5,573 $ 8,208

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation Expense Recognized in Condensed Consolidated Statements of Operations	The share-based compensation expense recognized in the condensed consolidated statements of operations was as follows: Three Months Ended March 31, 2022 2021 (in thousands) Cost of goods sold $ 889 $ 203 General and administrative expenses 2,420 2,196 Total share-based compensation expense $ 3,309 $ 2,399
Schedule of Share-based Compensation Arrangements by Share-based Payment Award	The share-based compensation expense recognized by award type was as follows: Three Months Ended March 31, 2022 2021 (in thousands) RSUs $ 2,819 $ 1,255 Stock options 164 618 PSUs 326 526 Total share-based compensation expense $ 3,309 $ 2,399

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Components of Lease Cost	The components of lease cost were as follows: Three Months Ended March 31, 2022 2021 (in thousands) Total operating lease cost $ 11,216 $ 9,716 Finance lease cost Amortization of assets under finance leases $ 1,037 $ 900 Interest on finance leases 110 189 Total finance lease cost $ 1,147 $ 1,089
Schedule of Lease Assets and Liabilities	Total lease assets and liabilities were as follows: March 31, December 31, 2022 2021 (in thousands) Operating Leases Operating lease right of use assets $ 160,532 $ 137,192 Current operating lease liabilities $ 22,652 $ 22,681 Noncurrent operating lease liabilities 148,189 146,479 Total operating lease liabilities $ 170,841 $ 169,160 Finance Leases Property, plant and equipment, gross $ 36,606 $ 26,405 Less: accumulated depreciation ( 21,343 ) ( 13,782 ) Total property, plant and equipment, net $ 15,263 $ 12,623 Current maturities of long-term debt $ 4,300 $ 5,435 Long-term debt, net of debt issuance costs and current maturities 1,870 2,389 Total finance lease liabilities $ 6,170 $ 7,824
Schedule of Future Minimum Lease Payments under Noncancelable Leases	Future minimum lease payments under noncancelable leases as of March 31, 2022 were as follows: Operating Finance Leases Leases (in thousands) Year Ending December 31, Remainder of 2022 $ 26,248 $ 4,182 2023 33,124 1,344 2024 29,006 711 2025 28,546 379 2026 28,879 7 Thereafter 83,486 — Total future minimum lease payments 229,289 6,623 Less: interest ( 58,448 ) ( 453 ) Total lease liabilities $ 170,841 $ 6,170
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2022 2021 (in thousands) Cash paid for amounts included in the measurement of lease Operating cash flows from operating leases $ 8,965 $ 9,250 Operating cash flows from finance leases 110 189 Financing cash flows from finance leases 1,545 1,406
Other Information Related to Leases	Other information related to leases was as follows: March 31, December 31, 2022 2021 Weighted-Average Remaining Lease Term (In Years): Operating leases 7.1 7.0 Finance leases 1.8 1.9 Weighted-Average Discount Rate: Operating leases 8.1 % 8.0 % Finance leases 5.7 % 5.8 %

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values and Location of Financial Instruments	The fair values and location of our financial instruments in our condensed consolidated balance sheets were as follows: Condensed Consolidated March 31, December 31, Financial Instrument Balance Sheet Line Item 2022 2021 (in thousands) Foreign exchange forward contracts Other current assets $ 3,912 $ 1,580 Foreign exchange forward contracts Accounts payable and accrued — 1,052
Schedule of Pretax Amounts Reclassified from Accumulated Other Comprehensive Loss	The following table presents the pretax amounts reclassified from accumulated other comprehensive loss into our condensed consolidated statements of operations: Accumulated Condensed Consolidated Three Months Ended Other Comprehensive Statement of Operations March 31, Loss Component Line Item 2022 2021 (in thousands) Foreign exchange forward Cost of sales $ ( 640 ) $ ( 2,002 )

Restructuring Charges, Net (Tab

Restructuring Charges, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges, Net	estructuring charges, net for the period presented: Three Months Ended March 31, 2022 U.S. Asia Mexico Total (in thousands) Severance $ 44 $ 1,553 $ 266 $ 1,863 Other restructuring costs 147 383 — 530 Total restructuring charges, net $ 191 $ 1,936 $ 266 $ 2,393 For the three months ended March 31, 2021, we incurred $ 0.3 million in restructuring charges related to our Asia segment.
Summary of Restructuring Liability	The following is a summary of our restructuring liability activity for the periods presented: U.S. Asia Mexico Total (in thousands) Balance at December 31, 2021 $ 2,638 $ 8,145 $ 2,161 $ 12,944 Restructuring charges, net 191 1,936 266 2,393 Payments ( 1,920 ) ( 4,675 ) ( 415 ) ( 7,010 ) Balance at March 31, 2022 $ 909 $ 5,406 $ 2,012 $ 8,327

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income (Loss) per Common Share	The following table sets forth the computation of basic and diluted net income (loss) per common share: Three Months Ended March 31, 2022 2021 (in thousands, except per share data) Numerator: Net loss $ ( 15,800 ) $ ( 1,797 ) Preferred stock dividends and accretion ( 14,132 ) — Net loss attributable to common stockholders $ ( 29,932 ) $ ( 1,797 ) Denominator: Basic weighted-average shares outstanding 41,899 36,601 Effect of dilutive awards — — Diluted weighted-average shares outstanding 41,899 36,601 Basic net income (loss) per common share $ ( 0.71 ) $ ( 0.05 ) Diluted net income (loss) per common share $ ( 0.71 ) $ ( 0.05 ) Potentially dilutive shares excluded from the calculation 474 2,040 Anti dilutive share-based compensation awards 429 — For the three months ended March 31, 2022 , the weighted average number of common shares outstanding during the period includes 4,666,667 of outstanding, fully vested warrants that are exercisable for $ 0.01 per warrant.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The following tables presents the changes in accumulated other comprehensive loss (AOCL) by component: Three Months Ended March 31, 2022 Foreign Foreign currency exchange translation Interest rate forward Total adjustments swap contracts AOCL (in thousands) Balance at December 31, 2021 $ ( 48,530 ) $ — $ ( 5,476 ) $ ( 54,006 ) Other comprehensive income (loss) before reclassifications 43,369 — 3,345 46,714 Amounts reclassified from AOCL — — ( 640 ) ( 640 ) Net tax effect — — — — Net current period other comprehensive income (loss) 43,369 — 2,705 46,074 Balance at March 31, 2022 ( 5,161 ) - ( 2,771 ) ( 7,932 ) Three Months Ended March 31, 2021 Foreign Foreign currency exchange translation Interest rate forward Total adjustments swap contracts AOCL (in thousands) Balance at December 31, 2020 $ ( 30,111 ) $ ( 3,443 ) $ 564 $ ( 32,990 ) Other comprehensive income (loss) before reclassifications ( 5,291 ) 597 ( 2,281 ) ( 6,975 ) Amounts reclassified from AOCL — — ( 2,002 ) ( 2,002 ) Net tax effect — ( 139 ) 790 651 Net current period other comprehensive income (loss) ( 5,291 ) 458 ( 3,493 ) ( 8,326 ) Balance at March 31, 2021 ( 35,402 ) ( 2,985 ) ( 2,929 ) ( 41,316 )

Concentration of Customers (Tab

Concentration of Customers (Tables)	3 Months Ended
	Mar. 31, 2022
Risks and Uncertainties [Abstract]
Schedule of Revenues from Customers	Net sales from certain customers (in thousands) in excess of 10 percent of our total consolidated net sales are as follows: Three Months Ended March 31, 2022 2021 Customer Net sales % of T otal Net sales % of T otal Vestas $ 164,966 42.9 % $ 169,218 41.8 % Nordex 117,293 30.5 76,543 18.9 GE 57,620 15.0 104,852 25.9
Schedule of Trade Accounts Receivable from Certain Customers	Trade accounts receivable from certain customers in excess of 10 percent of our total consolidated trade accounts receivable are as follows: March 31, December 31, 2022 2021 Customer % of Total % of Total Nordex 56.3 % 61.5 % Vestas 17.8 10.7 Enercon 11.0 14.7

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables set forth certain information regarding each of our segments: Three Months Ended March 31, 2022 2021 (in thousands) Net sales by segment: U.S. $ 21,557 $ 50,993 Asia 41,346 76,928 Mexico 130,396 116,752 EMEA 149,685 112,366 India 41,886 47,641 Total net sales $ 384,870 $ 404,680 Net sales by geographic location (1) : United States $ 21,557 $ 50,993 China 41,346 76,928 Mexico 130,396 116,752 Turkey 149,685 112,366 India 41,886 47,641 Total net sales $ 384,870 $ 404,680 Income (loss) from operations: U.S. (2) $ ( 6,534 ) $ ( 9,913 ) Asia ( 6,109 ) 2,709 Mexico ( 23,704 ) ( 5,731 ) EMEA 23,617 9,788 India ( 109 ) ( 60 ) Total loss from operations $ ( 12,839 ) $ ( 3,207 ) March 31, December 31, 2022 2021 (in thousands) Property, plant and equipment, net: U.S. $ 24,293 $ 25,522 Asia (China) 25,552 26,965 Mexico 67,663 71,208 EMEA (Turkey) 29,397 14,413 India 31,752 31,470 Total property, plant and equipment, net $ 178,657 $ 169,578 (1) Net sales are attributable to countries based on the location where the product is manufactured or the services are performed. (2) The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 7.9 million and $ 8.9 million for the three months ended March 31, 2022 and 2021 , respectively.

Significant Accounting Polici_2

Significant Accounting Policies (Additional Information) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Accounting Policies [Abstract]
Non monetary assets and liabilities amount	$ 44.9

Revenue From Contracts with C_3

Revenue From Contracts with Customers - Summary of Disaggregation of Net Sales Revenue by Product for Each of Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Net sales	$ 384,870	$ 404,680
U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	21,557	50,993
Asia Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	41,346	76,928
Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	130,396	116,752
EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	149,685	112,366
India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	41,886	47,641
Wind Blades [Member]
Disaggregation Of Revenue [Line Items]
Net sales	354,581	379,179
Wind Blades [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	39,627
Wind Blades [Member] | Asia Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	36,399	72,503
Wind Blades [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	129,606	108,442
Wind Blades [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	146,849	111,027
Wind Blades [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	41,727	47,580
Precision Molding and Assembly Systems [Member]
Disaggregation Of Revenue [Line Items]
Net sales	4,006	8,927
Precision Molding and Assembly Systems [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Precision Molding and Assembly Systems [Member] | Asia Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	3,859	3,964
Precision Molding and Assembly Systems [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	147	4,963
Precision Molding and Assembly Systems [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Precision Molding and Assembly Systems [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Transportation [Member]
Disaggregation Of Revenue [Line Items]
Net sales	12,857	8,131
Transportation [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	12,857	8,131
Transportation [Member] | Asia Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Transportation [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Transportation [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Transportation [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Field Services Inspection and Repair Services [Member]
Disaggregation Of Revenue [Line Items]
Net sales	9,850	4,315
Field Services Inspection and Repair Services [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	8,601	2,994
Field Services Inspection and Repair Services [Member] | Asia Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	968	308
Field Services Inspection and Repair Services [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Field Services Inspection and Repair Services [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	281	1,013
Field Services Inspection and Repair Services [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Other [Member]
Disaggregation Of Revenue [Line Items]
Net sales	3,576	4,128
Other [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	99	241
Other [Member] | Asia Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	120	153
Other [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	643	3,347
Other [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	2,555	326
Other [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 159	$ 61

Revenue From Contracts with C_4

Revenue From Contracts with Customers - Summary of Contract Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Gross contract assets	$ 208,010	$ 196,659
Less: reclassification from contract liabilities	(1,946)	(8,336)
Contract assets	206,064	$ 188,323
Gross contract assets, Change	11,351
Less: reclassification from contract liabilities, Change	6,390
Contract assets, Change	$ 17,741

Revenue From Contracts with C_5

Revenue From Contracts with Customers - Summary of Contract Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Gross contract liabilities	$ 3,220	$ 9,610
Less: reclassification to contract assets	(1,946)	(8,336)
Contract liabilities	1,274	$ 1,274
Gross contract liabilities, Change	(6,390)
Less: reclassification to contract assets, Change	6,390
Contract liabilities, Change	$ 0

Revenue From Contracts with C_6

Revenue From Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from Contracts with Customers [Line Items]
Increase in contract assets	$ 17,741
Increase (decrease) in contracts liabilities	0
Transaction price allocated to remaining performance obligations to be satisfied in future periods	2,462,503
Net revenue recognized from performance obligations satisfied in previous periods, decrease amount	(6,600)	$ (8,500)
Precision Molding And Assembly Systems And Wind Blades [Member]
Revenue from Contracts with Customers [Line Items]
Contract liability revenue recognized	$ 1,300

Revenue From Contracts with C_7

Revenue From Contracts with Customers - Schedule of Estimate to Recognize Remaining Performance Obligations as Revenue (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Total remaining performance obligations	$ 2,462,503
% of Total remaining performance obligations	100.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Total remaining performance obligations	$ 1,262,407
% of Total remaining performance obligations	51.30%
Remaining performance obligations, expected timing of satisfaction period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Total remaining performance obligations	$ 1,019,335
% of Total remaining performance obligations	41.40%
Remaining performance obligations, expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Total remaining performance obligations	$ 180,761
% of Total remaining performance obligations	7.30%
Remaining performance obligations, expected timing of satisfaction period	1 year

Revenue From Contracts with C_8

Revenue From Contracts with Customers - Schedule of Estimate to Recognize Remaining Performance Obligations as Revenue (Detail1) $ in Thousands	Mar. 31, 2022USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 2,462,503
% of Total remaining performance obligations	100.00%

Significant Risks and Uncerta_2

Significant Risks and Uncertainties - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Concentration Risk [Line Items]
Cash in short-term deposits in interest bearing accounts	$ 9,869,000		$ 10,053,000
U.S. [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	112,600,000		165,400,000
Cash in short-term deposits in interest bearing accounts	9,900,000		10,100,000
U.S. [Member] | Maximum [Member]
Concentration Risk [Line Items]
Cash deposit insured amount	250,000		250,000
China [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	10,600,000		25,900,000
Turkey [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	3,000,000		42,600,000
Mexico [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	1,800,000		2,100,000
India [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	2,400,000		5,700,000
Other Countries [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	$ 500,000		$ 500,000
Sales Revenues [Member] | Customer Concentration Risk [Member] | Minimum [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%	10.00%

Accrued Warranty - Schedule of

Accrued Warranty - Schedule of Warranty Accrual Activity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Product Warranties Disclosures [Abstract]
Warranty accrual at beginning of period	$ 42,020	$ 50,852
Accrual during the period	3,066	4,847
Cost of warranty services provided during the period	(8,314)	(7,571)
Changes in estimate for pre-existing warranties, including expirations during the period	2,171	(2,172)
Warranty accrual at end of period	$ 38,943	$ 45,956

Long-Term Debt, Net of Curren_3

Long-Term Debt, Net of Current Maturities - Schedule of Long-Term Debt, Net of Current Maturities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 51,710	$ 74,646
Less: Current maturities of long-term debt	(46,137)	(66,438)
Long-term Debt and Lease Obligation, Total	5,573	8,208
Unsecured Financing [Member] | EMEA [Member]
Debt Instrument [Line Items]
Total long-term debt	27,146	48,444
Secured And Unsecured Working Capital [Member] | India [Member]
Debt Instrument [Line Items]
Total long-term debt	10,285	10,269
Unsecured Term Loan [Member] | India [Member]
Debt Instrument [Line Items]
Total long-term debt	8,109	8,109
Equipment Finance Lease [Member] | EMEA [Member]
Debt Instrument [Line Items]
Total long-term debt	1,402	1,884
Equipment Finance Lease [Member] | Mexico [Member]
Debt Instrument [Line Items]
Total long-term debt	4,686	5,821
Other Equipment Finance Lease [Member]
Debt Instrument [Line Items]
Total long-term debt	$ 82	$ 119

Share-Based Compensation Plan_2

Share-Based Compensation Plans - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022shares
Timed-Based Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	764,318
Timed-Based Restricted Stock Units [Member] | First anniversary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Time-based RSUs Vest	183,344
Vesting percentage	25.00%
Timed-Based Restricted Stock Units [Member] | Second anniversary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	25.00%
Timed-Based Restricted Stock Units [Member] | Third anniversary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Time-based RSUs Vest	167,507
Vesting percentage	25.00%
Timed-Based Restricted Stock Units [Member] | Fourth anniversary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	25.00%
Timed-Based Restricted Stock Units [Member] | First And Second Anniversary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Time-based RSUs Vest	413,467
Vesting percentage	50.00%
Performance-Based Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	37,065
Performance-Based Restricted Stock Units [Member] | Certain Stock Price Hurdles [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	111,193
Performance-Based Restricted Stock Units [Member] | Certain strategic targets [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	49,781

Share-Based Compensation Plan_3

Share-Based Compensation Plans - Schedule of Share-based Compensation Expense Recognized in Condensed Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 3,309	$ 2,399
Cost of Goods Sold [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	889	203
General and Administrative Expenses [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 2,420	$ 2,196

Share-Based Compensation Plan_4

Share-Based Compensation Plans - Schedule of Share-based Compensation Arrangements by Share-based Payment Award (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 3,309	$ 2,399
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	2,819	1,255
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	164	618
Performance-based Restricted Stock Units (PSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 326	$ 526

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lessee Lease Description [Line Items]
Lessee, operating lease, option to extend	include options to extend the leases up to five years
Lessee, operating lease, existence of option to extend [true false]	true
Lessee, finance lease, existence of option to extend [true false]		true
Lessee, leases not yet commenced, description	As of March 31, 2022, there were no material additional leases related to our manufacturing facilities, warehouses, offices, automobiles or our machinery and equipment which have not yet commenced.
Lessee, leases not yet commenced, lease liability	$ 0
Minimum [Member]
Lessee Lease Description [Line Items]
Operating and Finance leases, remaining lease terms	1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Operating and Finance leases, remaining lease terms	15 years
Lessee, lease options to extend lease term	5 years

Leases - Components of Lease Co

Leases - Components of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Total operating lease cost	$ 11,216	$ 9,716
Finance lease cost
Amortization of assets under finance leases	1,037	900
Interest on finance leases	110	189
Total finance lease cost	$ 1,147	$ 1,089

Leases - Schedule of Lease Asse

Leases - Schedule of Lease Assets and Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right of use assets	$ 160,532	$ 137,192
Current operating lease liabilities	22,652	22,681
Noncurrent operating lease liabilities	148,189	146,479
Total operating lease liabilities	170,841	169,160
Property, plant and equipment, gross	36,606	26,405
Less: accumulated depreciation	(21,343)	(13,782)
Total property, plant and equipment, net	15,263	12,623
Current maturities of long-term debt	$ 4,300	$ 5,435
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Long-term Debt and Lease Obligation, Current	Long-term Debt and Lease Obligation, Current
Long-term debt, net of debt issuance costs and current maturities	$ 1,870	$ 2,389
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term Debt and Lease Obligation	Long-term Debt and Lease Obligation
Total finance lease liabilities	$ 6,170	$ 7,824

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments under Noncancelable Leases (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating Leases Abstract
Remainder of 2022	$ 26,248
2023	33,124
2024	29,006
2025	28,546
2026	28,879
Thereafter	83,486
Total future minimum lease payments	229,289
Less: interest	(58,448)
Total lease liabilities	170,841	$ 169,160
Finance Leases Abstract
Remainder of 2022	4,182
2023	1,344
2024	711
2025	379
2026	7
Thereafter	0
Total future minimum lease payments	6,623
Less: interest	(453)
Total lease liabilities	$ 6,170	$ 7,824

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 8,965	$ 9,250
Operating cash flows from finance leases	110	189
Financing cash flows from finance leases	$ 1,545	$ 1,406

Leases - Other Information Rela

Leases - Other Information Related to Leases (Detail)	Mar. 31, 2022	Dec. 31, 2021
Weighted-Average Remaining Lease Term (In Years):
Operating leases	7 years 1 month 6 days	7 years
Finance leases	1 year 9 months 18 days	1 year 10 months 24 days
Weighted-Average Discount Rate:
Operating leases	8.10%	8.00%
Finance leases	5.70%	5.80%

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022MXN ($)	Dec. 31, 2021USD ($)	Dec. 31, 2021MXN ($)
Foreign Exchange Forward Contracts [Member] | Contracts to Hedge in Mexican Pesos [Member]
Derivative [Line Items]
Premium amortization	$ 600,000	$ 700,000
Foreign Exchange Forward Contracts [Member] | Contracts to Hedge in Chinese Renminbi [Member] | Foreign Currency Loss [Member]
Derivative [Line Items]
Gain on hedge recorded to statement of operations	0	100,000
Foreign Exchange Call Option [Member] | Contracts to Hedge in India Rupee [Member] | Foreign Currency Loss [Member]
Derivative [Line Items]
Premium amortization	600,000	0
Gain on hedge recorded to statement of operations	100,000	$ 700,000
Cash Flow Hedging [Member] | Foreign Exchange Call Option [Member] | Contracts to Hedge in Mexican Pesos [Member]
Derivative [Line Items]
Derivative notional amount	$ 52,400,000		$ 1,100,000,000	$ 20,200,000	$ 400,000,000

Financial Instruments - Fair Va

Financial Instruments - Fair Values and Location of Financial Instruments (Detail) - Foreign Exchange Forward Contracts [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Derivative assets, fair value	$ 3,912	$ 1,580
Accounts Payable and Accrued Expenses [Member]
Derivatives Fair Value [Line Items]
Derivative liability, fair value	$ 0	$ 1,052

Financial Instruments - Schedul

Financial Instruments - Schedule of Pretax Amounts Reclassified From Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 370,954	$ 383,056
Foreign Exchange Forward Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (640)	$ (2,002)

Restructuring Charges, Net - Sc

Restructuring Charges, Net - Schedule of Restructuring Charges, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Severance	$ 1,863
Other restructuring costs	530
Total restructuring charges, net	2,393	$ 258
U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Severance	44
Other restructuring costs	147
Total restructuring charges, net	191
Asia [Member]
Restructuring Cost and Reserve [Line Items]
Severance	1,553
Other restructuring costs	383
Total restructuring charges, net	1,936	$ 300
Mexico [Member]
Restructuring Cost and Reserve [Line Items]
Severance	266
Other restructuring costs	0
Total restructuring charges, net	$ 266

Restructuring Charges, Net - Ad

Restructuring Charges, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 2,393	$ 258
Asia [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 1,936	$ 300

Restructuring Charges, Net - Su

Restructuring Charges, Net - Summary of Restructuring Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 2,393	$ 258
U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	191
Asia [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	1,936	$ 300
Mexico [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	266
Severance and Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	12,944
Restructuring charges, net	2,393
Payments	7,010
Restructuring Reserve, Ending Balance	8,327
Severance and Other Costs | U.S. [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	2,638
Restructuring charges, net	191
Payments	1,920
Restructuring Reserve, Ending Balance	909
Severance and Other Costs | Asia [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	8,145
Restructuring charges, net	1,936
Payments	4,675
Restructuring Reserve, Ending Balance	5,406
Severance and Other Costs | Mexico [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	2,161
Restructuring charges, net	266
Payments	415
Restructuring Reserve, Ending Balance	$ 2,012

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Tax Credit Carryforward [Line Items]
Income tax benefit (provision)	$ 2,944	$ 7,102

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share - Additional Information - (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted-average shares outstanding	41,899,000	36,601,000
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.01
Basic weighted-average shares outstanding	4,666,667

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share - Computation of Basic and Diluted Net Income (Loss) per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net loss	$ (15,800)	$ (1,797)
Preferred stock dividends and accretion	(14,132)	0
Net loss attributable to common stockholders	$ (29,932)	$ (1,797)
Basic weighted-average shares outstanding	41,899	36,601
Effect of dilutive awards	0	0
Diluted weighted-average shares outstanding	41,899	36,601
Basic net income (loss) per common share	$ (0.71)	$ (0.05)
Potentially dilutive shares excluded from the calculation due to net losses in the period	474	2,040
Anti dilutive share-based compensation awards that would be excluded from the calculation if income was reported in the period	429	0
Diluted net income (loss) per common share	$ (0.71)	$ (0.05)

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	$ 121,952	$ 201,035
Net current period other comprehensive income (loss)	46,074	(8,326)
Ending balance	141,032	194,608
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(48,530)	(30,111)
Other comprehensive income (loss) before reclassifications	43,369	(5,291)
Net current period other comprehensive income (loss)	43,369	(5,291)
Ending balance	(5,161)	(35,402)
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	0	(3,443)
Other comprehensive income (loss) before reclassifications	0	597
Amounts reclassified from AOCL	0
Net tax effect	0	(139)
Net current period other comprehensive income (loss)	0	458
Ending balance	0	(2,985)
Foreign Exchange Forward Contract [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(5,476)	564
Other comprehensive income (loss) before reclassifications	3,345	(2,281)
Amounts reclassified from AOCL	(640)	(2,002)
Net tax effect		790
Net current period other comprehensive income (loss)	2,705	(3,493)
Ending balance	(2,771)	(2,929)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(54,006)	(32,990)
Other comprehensive income (loss) before reclassifications	46,714	(6,975)
Amounts reclassified from AOCL	(640)	(2,002)
Net tax effect		651
Net current period other comprehensive income (loss)	46,074	(8,326)
Ending balance	$ (7,932)	$ (41,316)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	1 Months Ended
	Jan. 31, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Complaint Asserts Voidance	$ 13.3

Concentration of Customers - Ad

Concentration of Customers - Additional Information (Detail) - Customer Concentration Risk [Member] - Minimum [Member]	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Sales Revenues [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%	10.00%
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%		10.00%

Concentration of Customers - Sc

Concentration of Customers - Schedule of Revenues from Certain Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Concentration Risk [Line Items]
Net sales	$ 384,870	$ 404,680
Sales Revenues [Member] | Vestas [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 164,966	$ 169,218
Percentage of Total	42.90%	41.80%
Sales Revenues [Member] | GE [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 57,620	$ 104,852
Percentage of Total	15.00%	25.90%
Sales Revenues [Member] | Nordex [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 117,293	$ 76,543
Percentage of Total	30.50%	18.90%

Concentration of Customers - _2

Concentration of Customers - Schedule of Trade Accounts Receivable from Certain Customers (Detail) - Accounts Receivable [Member] - Customer Concentration Risk [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Vestas [Member]
Concentration Risk [Line Items]
Percentage of Total	17.80%	10.70%
Nordex [Member]
Concentration Risk [Line Items]
Percentage of Total	56.30%	61.50%
Enercon [Member]
Concentration Risk [Line Items]
Percentage of Total	11.00%	14.70%

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022Segment
Segment Reporting [Abstract]
Number of operating segments	5

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 384,870	$ 404,680
Total loss from operations	(12,839)	(3,207)
Total property, plant and equipment, net	178,657		$ 169,578
U.S. [Member]
Segment Reporting Information [Line Items]
Net sales	21,557	50,993
China [Member]
Segment Reporting Information [Line Items]
Net sales	41,346	76,928
Mexico [Member]
Segment Reporting Information [Line Items]
Net sales	130,396	116,752
Turkey [Member]
Segment Reporting Information [Line Items]
Net sales	149,685	112,366
India [Member]
Segment Reporting Information [Line Items]
Net sales	41,886	47,641
U.S. Segment [Member]
Segment Reporting Information [Line Items]
Net sales	21,557	50,993
Total loss from operations	(6,534)	(9,913)
Total property, plant and equipment, net	24,293		25,522
Asia Segment [Member]
Segment Reporting Information [Line Items]
Net sales	41,346	76,928
Total loss from operations	(6,109)	2,709
Total property, plant and equipment, net	25,552		26,965
Mexico Segment [Member]
Segment Reporting Information [Line Items]
Net sales	130,396	116,752
Total loss from operations	(23,704)	(5,731)
Total property, plant and equipment, net	67,663		71,208
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Net sales	149,685	112,366
Total loss from operations	23,617	9,788
Total property, plant and equipment, net	29,397		14,413
India Segment [Member]
Segment Reporting Information [Line Items]
Net sales	41,886	47,641
Total loss from operations	(109)	$ (60)
Total property, plant and equipment, net	$ 31,752		$ 31,470

Segment Reporting - Schedule _2

Segment Reporting - Schedule of Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
General and administrative costs	$ 7,860	$ 8,922
U.S. Segment [Member]
Segment Reporting Information [Line Items]
General and administrative costs	$ 7,900	$ 8,900