TPI Composites (TPIC) 10-Q 2 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Entity Addresses [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
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	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Address, State or Province	AZ
Entity File Number	001-37839
Entity Tax Identification Number	20-1590775
Entity Address, Address Line One	9200 E. Pima Center Parkway,
Entity Address, Address Line Two	Suite 250
Entity Address, Postal Zip Code	85258
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
Entity Common Stock, Shares Outstanding		47,468,503

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 116,850	$ 161,059
Restricted cash	12,035	10,838
Accounts receivable	125,870	138,029
Contract assets	93,149	112,237
Prepaid expenses	18,536	17,621
Other current assets	41,003	34,564
Inventories	13,679	9,420
Assets held for sale	22,253	17,787
Current assets of discontinued operations	1,036	1,520
Total current assets	444,411	503,075
Property, plant and equipment, net	126,379	128,808
Operating lease right of use assets	135,858	136,124
Other noncurrent assets	39,205	36,073
Total assets	745,853	804,080
Current liabilities:
Accounts payable and accrued expenses	220,300	227,723
Accrued warranty	37,500	37,483
Current maturities of long-term debt	78,576	70,465
Current operating lease liabilities	22,373	22,017
Contract liabilities	10,234	24,021
Liabilities held for sale	2,834	1,897
Current liabilities of discontinued operations	1,950	2,815
Total current liabilities	373,767	386,421
Long-term debt, net of current maturities	431,038	414,728
Noncurrent operating lease liabilities	116,755	117,133
Other noncurrent liabilities	8,360	8,102
Total liabilities	929,920	926,384
Commitments and contingencies (Note 12)
Stockholders' deficit:
Common shares, $0.01 par value, 100,000 shares authorized, 48,514 shares issued and 47,469 shares outstanding at March 31,2024 and 100,000 shares authorized, 46,990 shares issued and 46,471 shares outstanding at December 31, 2023	485	470
Paid-in capital	433,924	431,335
Accumulated other comprehensive loss	(8,885)	(7,627)
Accumulated deficit	(597,816)	(536,348)
Treasury stock, at cost, 1,045 shares at March 31, 2024 and 519 shares at December 31, 2023	(11,775)	(10,134)
Total stockholders' deficit	(184,067)	(122,304)
Total liabilities and stockholders' deficit	$ 745,853	$ 804,080

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	48,514,000	46,990,000
Common stock, shares outstanding	47,469,000	46,471,000
Treasury stock	1,045,000	519,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 299,062	$ 404,066
Cost of sales	307,084	399,381
Startup and transition costs	22,229	1,980
Total cost of goods sold	329,313	401,361
Gross profit (loss)	(30,251)	2,705
General and administrative expenses	6,699	7,034
Loss on sale of assets and asset impairments	1,830	(3,593)
Restructuring charges, net	182	75
Loss from continuing operations	(38,962)	(7,997)
Other income (expense):
Interest expense, net	(21,385)	(2,528)
Foreign currency loss	(640)	(1,214)
Miscellaneous income	2,479	453
Total other expense	(19,546)	(3,289)
Loss from continuing operations before income taxes	(58,508)	(11,286)
Income tax provision	(3,289)	(3,860)
Net loss from continuing operations	(61,797)	(15,146)
Preferred stock dividends and accretion	0	(15,173)
Net loss from continuing operations attributable to common stockholders	(61,797)	(30,319)
Net income (loss) from discontinued operations	329	(6,981)
Net loss attributable to common stockholders	$ (61,468)	$ (37,300)
Weighted-average shares of common stock outstanding:
Basic	47,204	42,284
Diluted	47,204	42,284
Loss from continuing operations per common share:
Basic	$ (1.31)	$ (0.72)
Diluted	(1.31)	(0.72)
Income (loss) from discontinued operations per common share:
Basic	0.01	(0.16)
Diluted	0.01	(0.16)
Net loss per common share:
Basic	(1.3)	(0.88)
Diluted	$ (1.3)	$ (0.88)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net loss from continuing operations attributable to common stockholders	$ (61,797)	$ (30,319)
Net income (loss) from discontinued operations	329	(6,981)
Net loss attributable to common stockholders	(61,468)	(37,300)
Other comprehensive income (loss):
Foreign currency translation adjustments	(1,258)	2,010
Comprehensive loss	$ (62,726)	$ (35,290)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN MEZZANINE EQUITY AND STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) $ 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, 2022		$ 309,877
Beginning balance, shares at Dec. 31, 2022		350,000	42,369,000
Beginning balance at Dec. 31, 2022	$ 50,487		$ 424	$ 407,570	$ (15,387)	$ (334,569)	$ (7,551)
Net loss	(22,127)					(22,127)
Preferred stock dividends	(10,706)	$ (10,706)		(10,706)
Other comprehensive income (loss)	2,010				2,010
Common stock repurchased for treasury	(2,549)						(2,549)
Share-based compensation expense	2,720			2,720
Issuances under share-based compensation plan	6		$ 6
Issuances under share-based compensation plan, shares			627,000
Accretion of Series A Preferred Stock	(4,467)	$ 4,467		(4,467)
Capped call transaction	(18,590)			(18,590)
Ending balance at Mar. 31, 2023	(3,216)		$ 430	376,527	(13,377)	(356,696)	(10,100)
Ending balance, shares at Mar. 31, 2023		350,000	42,996,000
Ending Balance at Mar. 31, 2023		$ 325,050
Beginning balance at Dec. 31, 2023		$ 0
Beginning balance, shares at Dec. 31, 2023		0	46,990,000
Beginning balance at Dec. 31, 2023	(122,304)		$ 470	431,335	(7,627)	(536,348)	(10,134)
Net loss	(61,468)					(61,468)
Other comprehensive income (loss)	(1,258)				(1,258)
Common stock repurchased for treasury	(1,641)						(1,641)
Share-based compensation expense	2,589			2,589
Issuances under share-based compensation plan	15		$ 15
Issuances under share-based compensation plan, shares			1,524,000
Ending balance at Mar. 31, 2024	$ (184,067)		$ 485	$ 433,924	$ (8,885)	$ (597,816)	$ (11,775)
Ending balance, shares at Mar. 31, 2024		0	48,514,000
Ending Balance at Mar. 31, 2024		$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net loss	$ (61,468)	$ (22,127)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	8,900	9,722
Loss on sale of assets and asset impairments	1,492	5,770
Share-based compensation expense	2,589	2,668
Amortization of debt issuance costs	7,713	79
Paid-in-kind interest	11,017	0
Deferred income taxes	(2,273)	(267)
Changes in assets and liabilities:
Accounts receivable	7,657	2,126
Contract assets and liabilities	4,736	(34,588)
Operating lease right of use assets and operating lease liabilities	244	(8,395)
Inventories	(5,469)	(2,514)
Prepaid expenses	(744)	(6,466)
Other current assets	(7,010)	(5,042)
Other noncurrent assets	(791)	4,608
Accounts payable and accrued expenses	(5,871)	(30,541)
Accrued warranty	17	626
Other noncurrent liabilities	257	480
Net cash used in operating activities	(39,004)	(83,861)
Cash flows from investing activities:
Purchases of property, plant and equipment	(8,285)	(3,275)
Net cash used in investing activities	(8,285)	(3,275)
Cash flows from financing activities:
Proceeds from issuance of convertible notes	0	132,500
Purchase of capped calls	0	(18,590)
Payments of debt issuance costs	0	(4,803)
Proceeds from working capital loans	52,009	34,741
Repayments of working capital loans	(44,556)	(33,982)
Principal repayments of finance leases	(297)	(578)
Net proceeds from (repayments of) other debt	(1,635)	1,007
Repurchase of common stock including shares withheld in lieu of income taxes	(1,641)	(2,549)
Net cash provided by (used in) financing activities	3,880	107,746
Impact of foreign exchange rates on cash, cash equivalents and restricted cash	333	730
Net change in cash, cash equivalents and restricted cash	(43,076)	21,340
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	172,813	153,069
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	129,737	174,409
Supplemental cash flow information:
Cash paid for interest	4,799	1,654
Cash paid for income taxes, net of refunds	9,484	3,344
Noncash investing and financing activities:
Right of use assets obtained in exchange for new operating lease liabilities	6,633	786
Property, plant, and equipment obtained in exchange for new finance lease liabilities	170	197
Accrued capital expenditures in accounts payable	4,381	1,814
Paid-in-kind preferred stock dividends and accretion	0	15,173
Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Cash and cash equivalents	161,059	133,546
Cash and cash equivalents	116,850	164,231
Restricted cash	10,838	9,854
Restricted Cash	12,035	8,793
Cash and cash equivalents of discontinued operations	916	9,669
Cash and cash equivalents of discontinued operations	852	1,385
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	172,813	153,069
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	$ 129,737	$ 174,409

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Note 1. B asis 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, 2023 included in our Annual Report on Form 10-K. Although we believe the disclosures that are made are adequate to make the information presented herein not misleading, 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. 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, 2024, 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, 2024 are not necessarily indicative of the results to be expected for the full year. 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. Recently Issued Accounting Pronouncements The Company has determined that no recent accounting pronouncements apply to our operations or could otherwise have a material impact on our condensed consolidated financial statements.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 2. Discontinued Operations In December 2022, we committed to a restructuring plan to rebalance our organization and optimize our global manufacturing footprint. Changing economic and geopolitical factors, including increased logistics costs and tariffs imposed on components of wind turbines from China, including wind blades, had an adverse impact on demand and profitability for our wind blades manufactured in our Chinese facilities. In connection with our restructuring plan, we ceased production at our Yangzhou, China manufacturing facility as of December 31, 2022 and are in the final stages of shutting down our business operations in China. Our business operations in China comprised the entirety of our Asia reporting segment. This shut down had a meaningful effect on our global manufacturing footprint and consolidated financial results. Accordingly, the historical results of our Asia reporting segment have been presented as discontinued operations in our Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. The following table presents the carrying amounts of major classes of assets and liabilities that were included in discontinued operations: March 31, December 31, 2024 2023 (in thousands) Cash and cash equivalents $ 852 $ 916 Other classes of assets that are not major 184 604 Total assets of discontinued operations $ 1,036 $ 1,520 Accounts payable and accrued expenses $ 1,116 $ 1,632 Accrued restructuring 834 1,183 Total liabilities of discontinued operations $ 1,950 $ 2,815 The following table presents the components of net income (loss) from discontinued operations: Three Months Ended March 31, 2024 2023 (In thousands) Net sales $ — $ 2,167 Cost of sales 54 5,736 Gross loss ( 54 ) ( 3,569 ) (Gain) loss on sale of assets and asset impairments ( 338 ) 2,177 Restructuring charges, net — 1,458 Income (loss) from discontinued operations 284 ( 7,204 ) Total other income 45 223 Income (loss) before income taxes 329 ( 6,981 ) Income tax provision — — Net income (loss) from discontinued operations $ 329 $ ( 6,981 ) The following table presents summarized cash flows from discontinued operations: Three Months Ended March 31, 2024 2023 (in thousands) Net cash used in operating activities from discontinued operations $ ( 64 ) $ ( 8,067 ) Net cash used in investing activities from discontinued operations — ( 185 ) Additional non-cash items related to operating activities from discontinued operations: Share-based compensation expense — 115 The following is a summary of our restructuring liability activity related to discontinued operations for the periods presented: Severance Other Total (in thousands) Balance at December 31, 2023 $ 317 $ 866 $ 1,183 Restructuring charges, net — — — Payments ( 317 ) ( 32 ) ( 349 ) Balance at March 31, 2024 $ — $ 834 $ 834

Revenue From Contracts with Cus

Revenue From Contracts with Customers	3 Months Ended
	Mar. 31, 2024
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 for the year ended December 31, 2023. The following tables represent the disaggregation of our net sales by product for each of our reportable segments: Three Months Ended March 31, 2024 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 152,361 $ 95,786 $ 40,758 $ 288,905 Automotive sales 5,016 — — — 5,016 Field service, inspection and 4,202 97 842 — 5,141 Total net sales $ 9,218 $ 152,458 $ 96,628 $ 40,758 $ 299,062 Three Months Ended March 31, 2023 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 154,462 $ 166,837 $ 66,293 $ 387,592 Automotive sales 10,261 — — — 10,261 Field service, inspection and 5,359 178 676 — 6,213 Total net sales $ 15,620 $ 154,640 $ 167,513 $ 66,293 $ 404,066 For a further discussion regarding our operating segments, see Note 14, Segment Reporting . 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. 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, 2024 2023 $ Change (in thousands) Gross contract assets $ 136,306 $ 121,483 $ 14,823 Less: reclassification from contract liabilities ( 43,157 ) ( 9,246 ) ( 33,911 ) Contract assets $ 93,149 $ 112,237 $ ( 19,088 ) March 31, December 31, 2024 2023 $ Change (in thousands) Gross contract liabilities $ 53,391 $ 33,267 $ 20,124 Less: reclassification to contract assets ( 43,157 ) ( 9,246 ) ( 33,911 ) Contract liabilities $ 10,234 $ 24,021 $ ( 13,787 ) Gross contract assets increased by $ 14.8 million from December 31, 2023 to March 31, 2024, primarily due to an increase in customer specific material purchases and incremental unbilled production during the three months ended March 31, 2024 . Gross contract liabilities increased by $ 20.1 million from December 31, 2023 to March 31, 2024, primarily due to an increase in customer advances during the three months ended March 31, 2024. For the three months ended March 31, 2024 , we recognized $ 13.8 million of revenue related to customer advances, 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, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligations to be satisfied in future periods was approximately $ 1.2 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 2024 $ 882,763 72.4 % 2025 335,952 27.6 Total remaining performance obligations $ 1,218,715 100 % For the three months ended March 31, 2024 and 2023 , net revenue recognized from our performance obligations satisfied in previous periods decreased by $ 5.4 million and $ 4.3 million, respectively. The decrease for the three months ended March 31, 2024 primarily relate 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, 2024
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 13, Concentration of Customers . There have been numerous government initiatives over the past few years aimed at expanding the use of renewable energy, including the Inflation Reduction Act (IRA) in the U.S, and several policy initiatives in the European Union (EU) that are expected to accelerate the expansion of renewable energy and green technologies, simplify regulations, speed up permitting and promote cross-border projects to accelerate climate neutrality. Despite these favorable long-term policy trends, we expect reduced demand in the near term while the wind industry awaits clarity on the implementation guidance related to key components of the IRA, clarity around more robust policies in the EU, and industry headwinds caused by rising interest rates and inflation. We maintain our U.S. cash in bank deposit and money market mutual fund 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 2024 and 2023. U.S. money market mutual fund accounts are not guaranteed by the FDIC. At March 31, 2024 and December 31, 2023, we had $ 106.0 million and $ 116.0 million, respectively, of cash in bank deposit and money market mutual fund accounts in U.S. banks, which were in excess of FDIC limits. We have not experienced losses to date in any such accounts. We also maintain cash in bank deposit accounts outside the U.S. that are not subject to FDIC limits. At March 31, 2024, this included $ 4.3 million in Türkiye, $ 1.2 million in India, $ 2.8 million in Mexico and $ 2.5 million in other countries. As of December 31, 2023 , this included $ 40.6 million in Türkiye, $ 1.9 million in India, $ 1.2 million in Mexico and $ 1.3 million in other countries. We have not experienced losses to date in these accounts. In addition, at March 31, 2024 and December 31, 2023, we had short-term deposits in interest bearing accounts in the U.S. of $ 12.0 million and $ 10.8 million, respectively, which are reported as restricted cash in our condensed consolidated balance sheets. In addition, at March 31, 2024 and December 31, 2023, we had unrestricted cash and cash equivalents related to our discontinued operations of $ 0.9 million and $ 0.9 million, respectively.

Accrued Warranty

Accrued Warranty	3 Months Ended
	Mar. 31, 2024
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, 2024 2023 (in thousands) Warranty accrual at beginning of period $ 37,483 $ 22,347 Accrual during the period 2,591 2,853 Cost of warranty services provided during the period ( 10,605 ) ( 4,264 ) Changes in estimate for pre-existing warranties, 8,031 2,037 Warranty accrual at end of period $ 37,500 $ 22,973

Debt

Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Note 6. Debt Long-term debt, net of current maturities, consisted of the following: March 31, December 31, 2024 2023 (in thousands) 11 % Senior secured term loan—U.S. (1) $ 406,058 $ 395,041 5.25 % Convertible senior unsecured notes—U.S. (2) 132,500 132,500 Unsecured financing—EMEA 71,761 62,891 Secured and unsecured working capital—India 10,926 13,902 Equipment finance leases—Mexico 926 1,098 Equipment finance leases—EMEA 555 623 Other equipment finance leases 121 85 Total debt—principal 622,847 606,140 Less: Debt issuance costs ( 3,786 ) ( 4,023 ) Less: Debt discount (3) ( 109,447 ) ( 116,924 ) Total debt, net of debt issuance costs and debt discount 509,614 485,193 Less: Current maturities of long-term debt ( 78,576 ) ( 70,465 ) Long-term debt, net of current maturities $ 431,038 $ 414,728 (1) As of March 31, 2024, includes principal balance of $ 393.0 million and $ 13.1 million of paid in kind interest. (2) The requirements were not satisfied as of March 31, 2024 and as a result, the 5.25 % Convertible senior unsecured notes (the “Convertible Notes”) will not be eligible for optional conversion during the second quarter of 2024. (3) Unamortized debt discount is related to our 11 % senior secured term loan. The fair value of the senior secured term loan at issuance was $ 274.7 million, representing an initial $ 118.3 million discount. The debt discount is amortized to interest expense using the effective interest method over the term of the debt.

Share-Based Compensation Plans

Share-Based Compensation Plans	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation Plans	Note 7. Share-Based Compensation Plans During the three months ended March 31, 2024 , we granted to certain employees an aggregate of 514,457 timed-based restricted stock units (RSUs), 151,795 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, 2024 through December 31, 2026, 181,371 PSUs that vest upon achievement of certain cumulative total shareholder return (TSR) targets measured from January 1, 2024 through December 31, 2026 and 30,000 stock options. The RSUs that were granted during the period vest over a three-year period with 25 % of the RSUs vesting on the first and second anniversary of the grant date, and 50 % vesting on the third anniversary of the grant date. Each of the time-based and performance-based RSU 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. Additionally, during the three months ended March 31, 2024, we issued 1,022,318 shares related to previous RSU awards with a guaranteed value. These additional shares were issued on the second anniversary of the grant date to maintain the original guaranteed award value. The share-based compensation expense recognized in the condensed consolidated statements of operations was as follows: Three Months Ended March 31, 2024 2023 (in thousands) Cost of goods sold $ 757 $ 73 General and administrative expenses 1,832 2,480 Total share-based compensation expense $ 2,589 $ 2,553 The share-based compensation expense recognized by award type was as follows: Three Months Ended March 31, 2024 2023 (in thousands) RSUs $ 1,975 $ 2,049 Stock options 242 154 PSUs 372 350 Total share-based compensation expense $ 2,589 $ 2,553

Leases

Leases	3 Months Ended
	Mar. 31, 2024
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 ten years , some of which may include options to extend the leases up to ten years . The components of lease cost were as follows: Three Months Ended March 31, 2024 2023 (in thousands) Total operating lease cost $ 7,254 $ 10,025 Finance lease cost Amortization of assets under finance leases $ 1,089 $ 1,009 Interest on finance leases 77 33 Total finance lease cost $ 1,166 $ 1,042 Total lease assets and liabilities were as follows: March 31, December 31, 2024 2023 (in thousands) Operating Leases Operating lease right of use assets $ 135,858 $ 136,124 Current operating lease liabilities $ 22,373 $ 22,017 Noncurrent operating lease liabilities 116,755 117,133 Total operating lease liabilities $ 139,128 $ 139,150 Finance Leases Property, plant and equipment, gross $ 36,764 $ 37,044 Less: accumulated depreciation ( 30,068 ) ( 29,316 ) Total property, plant and equipment, net $ 6,696 $ 7,728 Current maturities of long-term debt $ 898 $ 1,035 Long-term debt, net of current maturities 704 771 Total finance lease liabilities $ 1,602 $ 1,806 Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,064 $ 9,297 Operating cash flows from finance leases 77 33 Financing cash flows from finance leases 297 578

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 9. Income Taxes For the three months ended March 31, 2024 , we reported an income tax provision of $ 3.3 million as compared to an income tax provision of $ 3.9 million in the comparative prior year period. The decrease during the three months ended March 31, 2024, resulted primarily from the change in the mix of earnings of foreign jurisdictions. No changes in tax law occurred during the three months ended March 31, 2024 , which had a material impact on our income tax provision. We do not record a deferred tax liability related to unremitted earnings as we maintain our assertion to indefinitely reinvest our unremitted foreign earnings.

Net Loss Per Common Share

Net Loss Per Common Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Net Loss Per Common Share	Note 10. Net Loss Per Common Share The following table sets forth the computation of basic and diluted net loss per common share: Three Months Ended March 31, 2024 2023 (in thousands, except per share data) Numerator: Net loss from continuing operations $ ( 61,797 ) $ ( 15,146 ) Preferred stock dividends and accretion — ( 15,173 ) Net loss from continuing operations attributable to common stockholders ( 61,797 ) ( 30,319 ) Net income (loss) from discontinued operations 329 ( 6,981 ) Net loss attributable to common stockholders $ ( 61,468 ) $ ( 37,300 ) Denominator: Basic weighted-average shares outstanding 47,204 42,284 Effect of dilutive awards — — Diluted weighted-average shares outstanding 47,204 42,284 Loss from continuing operations per common share: Basic $ ( 1.31 ) $ ( 0.72 ) Diluted $ ( 1.31 ) $ ( 0.72 ) Income (loss) from discontinued operations per common share: Basic $ 0.01 $ ( 0.16 ) Diluted $ 0.01 $ ( 0.16 ) Loss per common share: Basic $ ( 1.30 ) $ ( 0.88 ) Diluted $ ( 1.30 ) $ ( 0.88 ) Dilutive shares excluded from the calculation 136 631 Anti-dilutive share-based compensation awards 1,180 69 We use the if-converted method for calculating any potential dilutive effect of the Convertible Notes on diluted net loss per common share. The Convertible Notes would have a diluted impact on net income per share when the average price of our Common Stock for a given period exceeds the respective conversion price of the Convertible Notes. During the three months ended March 31, 2024 and 2023, we had 8,816,881 potentially issuable shares of Common Stock related to our Convertible Notes that were not included in the computation of diluted net loss per common share as the effect of including these shares in the calculation would have been anti-dilutive.

Stockholders' Deficit

Stockholders' Deficit	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Stockholders' Deficit	Note 11. Stockholders’ Deficit Accumulated Other Comprehensive Loss The following tables presents the changes in accumulated other comprehensive loss (AOCL) by component: Three Months Ended March 31, 2024 Foreign Foreign currency exchange translation forward Total adjustments contracts AOCL (in thousands) Balance at December 31, 2023 $ ( 7,627 ) $ — $ ( 7,627 ) Other comprehensive income before reclassifications ( 1,258 ) — ( 1,258 ) Amounts reclassified from AOCL — — — Net tax effect — — — Net current period other comprehensive income ( 1,258 ) — ( 1,258 ) Balance at March 31, 2024 $ ( 8,885 ) $ — $ ( 8,885 ) Three Months Ended March 31, 2023 Foreign Foreign currency exchange translation forward Total adjustments contracts AOCL (in thousands) Balance at December 31, 2022 $ ( 10,845 ) $ ( 4,542 ) $ ( 15,387 ) Other comprehensive income before reclassifications 2,010 — 2,010 Amounts reclassified from AOCL — — — Net tax effect — — — Net current period other comprehensive income 2,010 — 2,010 Balance at March 31, 2023 $ ( 8,835 ) $ ( 4,542 ) $ ( 13,377 )

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. 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 current procedural posture of this claim, we have determined that the ultimate outcome cannot be reasonably estimated at this time.

Concentration of Customers

Concentration of Customers	3 Months Ended
	Mar. 31, 2024
Risks and Uncertainties [Abstract]
Concentration of Customers	Note 13. 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, 2024 2023 Customer Net sales % of T otal Net sales % of T otal Nordex $ 106,695 35.7 % $ 139,009 34.4 % GE 100,066 33.5 81,256 20.1 Vestas 63,700 21.3 143,662 35.6 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, 2024 2023 Customer % of Total % of Total Nordex 62.7 % 61.4 % Enercon 17.0 17.6 Vestas 11.3 7.4 GE 7.8 11.5

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	Note 14. Segment Reporting Our operating segments are defined geographically into four geographic operating segments—(1) the U.S., (2) Mexico, (3) Europe, the Middle East and Africa (EMEA) and (4) India. For a detailed discussion of our operating segments, refer to the discussion in Note 22, Segment Reporting , to the Notes to Consolidated Financial Statements within our Annual Report on Form 10-K for the year ended December 31, 2023. Our U.S. and India segments operate in the U.S. dollar. Our Mexico segment operates in its local currency and includes a U.S. parent company that operates in the U.S. dollar. Our EMEA segment operates in the Euro. The following tables set forth certain information regarding each of our segments: Three Months Ended March 31, 2024 2023 (in thousands) Net sales by segment: U.S. $ 9,218 $ 15,620 Mexico 152,458 154,640 EMEA 96,628 167,513 India 40,758 66,293 Total net sales $ 299,062 $ 404,066 Net sales by geographic location: United States $ 9,218 $ 15,620 Mexico 152,458 154,640 Türkiye 96,336 167,118 Spain 292 395 India 40,758 66,293 Total net sales $ 299,062 $ 404,066 Income (loss) from continuing operations: U.S. (1) $ ( 6,634 ) $ ( 5,729 ) Mexico ( 27,263 ) ( 21,701 ) EMEA ( 5,501 ) 15,668 India 436 3,765 Total loss from continuing operations $ ( 38,962 ) $ ( 7,997 ) March 31, December 31, 2024 2023 (in thousands) Property, plant and equipment, net: U.S. $ 10,603 $ 10,660 Mexico 49,035 49,921 EMEA 40,025 40,435 India 26,716 27,792 Total property, plant and equipment, net $ 126,379 $ 128,808 (1) The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 6.7 million for the three months ended March 31, 2024 , and $ 7.0 million in the comparative prior year period.

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2024
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, 2023 included in our Annual Report on Form 10-K. Although we believe the disclosures that are made are adequate to make the information presented herein not misleading, 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. 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, 2024, 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, 2024 are not necessarily indicative of the results to be expected for the full year. 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 The Company has determined that no recent accounting pronouncements apply to our operations or could otherwise have a material impact on our condensed consolidated financial statements.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule Of discontinued major classes of assets and liabilities	The following table presents the carrying amounts of major classes of assets and liabilities that were included in discontinued operations: March 31, December 31, 2024 2023 (in thousands) Cash and cash equivalents $ 852 $ 916 Other classes of assets that are not major 184 604 Total assets of discontinued operations $ 1,036 $ 1,520 Accounts payable and accrued expenses $ 1,116 $ 1,632 Accrued restructuring 834 1,183 Total liabilities of discontinued operations $ 1,950 $ 2,815
Schedule Of discontinued operations income statement	The following table presents the components of net income (loss) from discontinued operations: Three Months Ended March 31, 2024 2023 (In thousands) Net sales $ — $ 2,167 Cost of sales 54 5,736 Gross loss ( 54 ) ( 3,569 ) (Gain) loss on sale of assets and asset impairments ( 338 ) 2,177 Restructuring charges, net — 1,458 Income (loss) from discontinued operations 284 ( 7,204 ) Total other income 45 223 Income (loss) before income taxes 329 ( 6,981 ) Income tax provision — — Net income (loss) from discontinued operations $ 329 $ ( 6,981 )
Summarized of cash flows from discontinued operations	The following table presents summarized cash flows from discontinued operations: Three Months Ended March 31, 2024 2023 (in thousands) Net cash used in operating activities from discontinued operations $ ( 64 ) $ ( 8,067 ) Net cash used in investing activities from discontinued operations — ( 185 ) Additional non-cash items related to operating activities from discontinued operations: Share-based compensation expense — 115 The following is a summary of our restructuring liability activity related to discontinued operations for the periods presented: Severance Other Total (in thousands) Balance at December 31, 2023 $ 317 $ 866 $ 1,183 Restructuring charges, net — — — Payments ( 317 ) ( 32 ) ( 349 ) Balance at March 31, 2024 $ — $ 834 $ 834

Revenue From Contracts with C_2

Revenue From Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Summary of Disaggregation of Net Sales Revenue by Product for Each of Reportable Segments	The following tables represent the disaggregation of our net sales by product for each of our reportable segments: Three Months Ended March 31, 2024 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 152,361 $ 95,786 $ 40,758 $ 288,905 Automotive sales 5,016 — — — 5,016 Field service, inspection and 4,202 97 842 — 5,141 Total net sales $ 9,218 $ 152,458 $ 96,628 $ 40,758 $ 299,062 Three Months Ended March 31, 2023 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 154,462 $ 166,837 $ 66,293 $ 387,592 Automotive sales 10,261 — — — 10,261 Field service, inspection and 5,359 178 676 — 6,213 Total net sales $ 15,620 $ 154,640 $ 167,513 $ 66,293 $ 404,066
Summary of Contract Assets and Contract Liabilities	Contract assets and contract liabilities consisted of the following: March 31, December 31, 2024 2023 $ Change (in thousands) Gross contract assets $ 136,306 $ 121,483 $ 14,823 Less: reclassification from contract liabilities ( 43,157 ) ( 9,246 ) ( 33,911 ) Contract assets $ 93,149 $ 112,237 $ ( 19,088 ) March 31, December 31, 2024 2023 $ Change (in thousands) Gross contract liabilities $ 53,391 $ 33,267 $ 20,124 Less: reclassification to contract assets ( 43,157 ) ( 9,246 ) ( 33,911 ) Contract liabilities $ 10,234 $ 24,021 $ ( 13,787 )
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 2024 $ 882,763 72.4 % 2025 335,952 27.6 Total remaining performance obligations $ 1,218,715 100 %

Accrued Warranty (Tables)

Accrued Warranty (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 2023 (in thousands) Warranty accrual at beginning of period $ 37,483 $ 22,347 Accrual during the period 2,591 2,853 Cost of warranty services provided during the period ( 10,605 ) ( 4,264 ) Changes in estimate for pre-existing warranties, 8,031 2,037 Warranty accrual at end of period $ 37,500 $ 22,973

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt, Net of Debt Issuance Costs and Current Maturities	Long-term debt, net of current maturities, consisted of the following: March 31, December 31, 2024 2023 (in thousands) 11 % Senior secured term loan—U.S. (1) $ 406,058 $ 395,041 5.25 % Convertible senior unsecured notes—U.S. (2) 132,500 132,500 Unsecured financing—EMEA 71,761 62,891 Secured and unsecured working capital—India 10,926 13,902 Equipment finance leases—Mexico 926 1,098 Equipment finance leases—EMEA 555 623 Other equipment finance leases 121 85 Total debt—principal 622,847 606,140 Less: Debt issuance costs ( 3,786 ) ( 4,023 ) Less: Debt discount (3) ( 109,447 ) ( 116,924 ) Total debt, net of debt issuance costs and debt discount 509,614 485,193 Less: Current maturities of long-term debt ( 78,576 ) ( 70,465 ) Long-term debt, net of current maturities $ 431,038 $ 414,728 (1) As of March 31, 2024, includes principal balance of $ 393.0 million and $ 13.1 million of paid in kind interest. (2) The requirements were not satisfied as of March 31, 2024 and as a result, the 5.25 % Convertible senior unsecured notes (the “Convertible Notes”) will not be eligible for optional conversion during the second quarter of 2024. (3) Unamortized debt discount is related to our 11 % senior secured term loan. The fair value of the senior secured term loan at issuance was $ 274.7 million, representing an initial $ 118.3 million discount. The debt discount is amortized to interest expense using the effective interest method over the term of the debt.

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 2023 (in thousands) Cost of goods sold $ 757 $ 73 General and administrative expenses 1,832 2,480 Total share-based compensation expense $ 2,589 $ 2,553
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, 2024 2023 (in thousands) RSUs $ 1,975 $ 2,049 Stock options 242 154 PSUs 372 350 Total share-based compensation expense $ 2,589 $ 2,553

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Components of Lease Cost	The components of lease cost were as follows: Three Months Ended March 31, 2024 2023 (in thousands) Total operating lease cost $ 7,254 $ 10,025 Finance lease cost Amortization of assets under finance leases $ 1,089 $ 1,009 Interest on finance leases 77 33 Total finance lease cost $ 1,166 $ 1,042
Schedule of Lease Assets and Liabilities	Total lease assets and liabilities were as follows: March 31, December 31, 2024 2023 (in thousands) Operating Leases Operating lease right of use assets $ 135,858 $ 136,124 Current operating lease liabilities $ 22,373 $ 22,017 Noncurrent operating lease liabilities 116,755 117,133 Total operating lease liabilities $ 139,128 $ 139,150 Finance Leases Property, plant and equipment, gross $ 36,764 $ 37,044 Less: accumulated depreciation ( 30,068 ) ( 29,316 ) Total property, plant and equipment, net $ 6,696 $ 7,728 Current maturities of long-term debt $ 898 $ 1,035 Long-term debt, net of current maturities 704 771 Total finance lease liabilities $ 1,602 $ 1,806
Other Information Related to Leases	Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,064 $ 9,297 Operating cash flows from finance leases 77 33 Financing cash flows from finance leases 297 578

Net Loss Per Common Share (Tabl

Net Loss Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss per Common Share	The following table sets forth the computation of basic and diluted net loss per common share: Three Months Ended March 31, 2024 2023 (in thousands, except per share data) Numerator: Net loss from continuing operations $ ( 61,797 ) $ ( 15,146 ) Preferred stock dividends and accretion — ( 15,173 ) Net loss from continuing operations attributable to common stockholders ( 61,797 ) ( 30,319 ) Net income (loss) from discontinued operations 329 ( 6,981 ) Net loss attributable to common stockholders $ ( 61,468 ) $ ( 37,300 ) Denominator: Basic weighted-average shares outstanding 47,204 42,284 Effect of dilutive awards — — Diluted weighted-average shares outstanding 47,204 42,284 Loss from continuing operations per common share: Basic $ ( 1.31 ) $ ( 0.72 ) Diluted $ ( 1.31 ) $ ( 0.72 ) Income (loss) from discontinued operations per common share: Basic $ 0.01 $ ( 0.16 ) Diluted $ 0.01 $ ( 0.16 ) Loss per common share: Basic $ ( 1.30 ) $ ( 0.88 ) Diluted $ ( 1.30 ) $ ( 0.88 ) Dilutive shares excluded from the calculation 136 631 Anti-dilutive share-based compensation awards 1,180 69

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 Foreign Foreign currency exchange translation forward Total adjustments contracts AOCL (in thousands) Balance at December 31, 2023 $ ( 7,627 ) $ — $ ( 7,627 ) Other comprehensive income before reclassifications ( 1,258 ) — ( 1,258 ) Amounts reclassified from AOCL — — — Net tax effect — — — Net current period other comprehensive income ( 1,258 ) — ( 1,258 ) Balance at March 31, 2024 $ ( 8,885 ) $ — $ ( 8,885 ) Three Months Ended March 31, 2023 Foreign Foreign currency exchange translation forward Total adjustments contracts AOCL (in thousands) Balance at December 31, 2022 $ ( 10,845 ) $ ( 4,542 ) $ ( 15,387 ) Other comprehensive income before reclassifications 2,010 — 2,010 Amounts reclassified from AOCL — — — Net tax effect — — — Net current period other comprehensive income 2,010 — 2,010 Balance at March 31, 2023 $ ( 8,835 ) $ ( 4,542 ) $ ( 13,377 )

Concentration of Customers (Tab

Concentration of Customers (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024 2023 Customer Net sales % of T otal Net sales % of T otal Nordex $ 106,695 35.7 % $ 139,009 34.4 % GE 100,066 33.5 81,256 20.1 Vestas 63,700 21.3 143,662 35.6
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, 2024 2023 Customer % of Total % of Total Nordex 62.7 % 61.4 % Enercon 17.0 17.6 Vestas 11.3 7.4 GE 7.8 11.5

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables set forth certain information regarding each of our segments: Three Months Ended March 31, 2024 2023 (in thousands) Net sales by segment: U.S. $ 9,218 $ 15,620 Mexico 152,458 154,640 EMEA 96,628 167,513 India 40,758 66,293 Total net sales $ 299,062 $ 404,066 Net sales by geographic location: United States $ 9,218 $ 15,620 Mexico 152,458 154,640 Türkiye 96,336 167,118 Spain 292 395 India 40,758 66,293 Total net sales $ 299,062 $ 404,066 Income (loss) from continuing operations: U.S. (1) $ ( 6,634 ) $ ( 5,729 ) Mexico ( 27,263 ) ( 21,701 ) EMEA ( 5,501 ) 15,668 India 436 3,765 Total loss from continuing operations $ ( 38,962 ) $ ( 7,997 ) March 31, December 31, 2024 2023 (in thousands) Property, plant and equipment, net: U.S. $ 10,603 $ 10,660 Mexico 49,035 49,921 EMEA 40,025 40,435 India 26,716 27,792 Total property, plant and equipment, net $ 126,379 $ 128,808 (1) The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 6.7 million for the three months ended March 31, 2024 , and $ 7.0 million in the comparative prior year period.

Discontinued Operations - Disco

Discontinued Operations - Discontinued Operations - Schedule Of discontinued major classes of assets and liabilities (Details) - Discontinued Operations - USD ($) $ in Thousands (Details) - Segment Discontinued Operations [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 852	$ 916
Other classes of assets that are not major	184	604
Total assets of discontinued operations	1,036	1,520
Accounts payable and accrued expenses	1,116	1,632
Accrued restructuring	834	1,183
Total liabilities of discontinued operations	$ 1,950	$ 2,815

Discontinued Operations - Sched

Discontinued Operations - Schedule Of Components Of Net Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 299,062	$ 404,066
Cost of sales	307,084	399,381
Startup and transition costs	22,229	1,980
Total cost of goods sold	329,313	401,361
Gross profit	(30,251)	2,705
General and administrative expenses	6,699	7,034
Loss on sale of assets and asset impairments	(1,830)	3,593
Restructuring Charges	182	75
Loss from continuing operations	(38,962)	(7,997)
Other income (expense):
Gain (Loss), Foreign Currency Transaction, before Tax	(640)	(1,214)
Miscellaneous income	2,479	453
Nonoperating Income (Expense)	(19,546)	(3,289)
Loss before income taxes	(58,508)	(11,286)
Income tax provision	3,289	3,860
Net income (loss) from discontinued operations	329	(6,981)
Segment Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	0	2,167
Cost of sales	54	5,736
Gross profit	(54)	(3,569)
Loss on sale of assets and asset impairments	(338)	2,177
Restructuring Charges	0	1,458
Loss from continuing operations	284	(7,204)
Other income (expense):
Nonoperating Income (Expense)	45	223
Loss before income taxes	329	(6,981)
Income tax provision	0	0
Net income (loss) from discontinued operations	$ 329	$ (6,981)

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Discontinued Operations Cash Flow Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Discontinued Operation, Alternative Cash Flow Information [Abstract]
Share-based compensation expense	$ 2,589	$ 2,668
Segment Discontinued Operations [Member]
Net cash used in operating activities from discontinued operations	(64)	(8,067)
Net cash used in investing activities from discontinued operations	0	(185)
Discontinued Operation, Alternative Cash Flow Information [Abstract]
Share-based compensation expense	$ 0	$ 115

Discontinued Operations - Sch_3

Discontinued Operations - Schedule of Restructuring Liability (Details) - Segment Discontinued Operations [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	$ 1,183
Restructuring charges, net	0
Payments	(349)
Restructuring Reserve, Ending Balance	834
Employee Severance Member
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	317
Restructuring charges, net	0
Payments	(317)
Restructuring Reserve, Ending Balance	0
Other Restructuring Member
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	866
Restructuring charges, net	0
Payments	(32)
Restructuring Reserve, Ending Balance	$ 834

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, 2024	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Net sales	$ 299,062	$ 404,066
U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	9,218	15,620
Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	152,458	154,640
EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	96,628	167,513
India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	40,758	66,293
Wind Blade, Tooling and Other Wind Related Sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	288,905	387,592
Wind Blade, Tooling and Other Wind Related Sales [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Wind Blade, Tooling and Other Wind Related Sales [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	152,361	154,462
Wind Blade, Tooling and Other Wind Related Sales [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	95,786	166,837
Wind Blade, Tooling and Other Wind Related Sales [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	40,758	66,293
Automotive sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	5,016	10,261
Automotive sales [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	5,016	10,261
Automotive sales [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Automotive sales [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Automotive sales [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0
Field Service, Inspection and Repair Services Sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	5,141	6,213
Field Service, Inspection and Repair Services Sales [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	4,202	5,359
Field Service, Inspection and Repair Services Sales [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	97	178
Field Service, Inspection and Repair Services Sales [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	842	676
Field Service, Inspection and Repair Services Sales [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 0	$ 0

Revenue From Contracts with C_4

Revenue From Contracts with Customers - Summary of Contract Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Gross contract assets	$ 136,306	$ 121,483
Less: reclassification from contract liabilities	(43,157)	(9,246)
Contract assets	93,149	$ 112,237
Gross contract assets, Change	14,823
Less: reclassification from contract liabilities, Change	(33,911)
Contract assets, Change	14,800
Contract assets, Change	$ (19,088)

Revenue From Contracts with C_5

Revenue From Contracts with Customers - Summary of Contract Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Gross contract liabilities	$ 53,391	$ 33,267
Less: reclassification to contract assets	(43,157)	(9,246)
Contract liabilities	10,234	$ 24,021
Gross contract liabilities, Change	20,124
Less: reclassification to contract assets, Change	(33,911)
Contract liabilities, Change	$ (13,787)

Revenue From Contracts with C_6

Revenue From Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue from Contracts with Customers [Line Items]
Increase in contract assets	$ 14,800
Gross contract assets, Change	14,823
Decrease in contract liabilities	20,100
Transaction price allocated to remaining performance obligations to be satisfied in future periods	1,218,715
Net revenue recognized from performance obligations satisfied in previous periods, decrease amount	5,400	$ 4,300
Precision Molding And Assembly Systems And Wind Blades [Member]
Revenue from Contracts with Customers [Line Items]
Contract liability revenue recognized	$ 13,800

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, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Total remaining performance obligations	$ 1,218,715
% of Total remaining performance obligations	100%
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	$ 882,763
% of Total remaining performance obligations	72.40%
Remaining performance obligations, expected timing of satisfaction period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Total remaining performance obligations	$ 335,952
% of Total remaining performance obligations	27.60%
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 (Details1)	Mar. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Percentage	100%

Significant Risks and Uncerta_2

Significant Risks and Uncertainties - Additional Information (Detail) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Cash in short-term deposits in interest bearing accounts	$ 12,035,000	$ 10,838,000
Cash and Cash Equivalents, at Carrying Value, Total	116,850,000	161,059,000	$ 164,231,000	$ 133,546,000
U.S. [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	106,000,000	116,000,000
Cash in short-term deposits in interest bearing accounts	12,000,000	10,800,000
U.S. [Member] | Maximum [Member]
Concentration Risk [Line Items]
Cash deposit insured amount	250,000		$ 250,000
Turkey [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	4,300,000	40,600,000
Mexico [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	2,800,000	1,200,000
India [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	1,200,000	1,900,000
Other Countries [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	2,500,000	1,300,000
Unrestricted Cash [Member] | Segment Discontinued Operations [Member] | Other Countries [Member]
Concentration Risk [Line Items]
Cash and Cash Equivalents, at Carrying Value, Total	$ 900,000	$ 900,000

Accrued Warranty - Schedule of

Accrued Warranty - Schedule of Warranty Accrual Activity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Product Warranties Disclosures [Abstract]
Warranty accrual at beginning of period	$ 37,483	$ 22,347
Accrual during the period	2,591	2,853
Cost of warranty services provided during the period	(10,605)	(4,264)
Changes in estimate for pre-existing warranties, including expirations during the period and foreign exchange impact	8,031	2,037
Warranty accrual at end of period	$ 37,500	$ 22,973

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt, Net of Current Maturities (Detail) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total long-term debt		$ 622,847	$ 606,140
Less: Debts issuance cost		(3,786)	(4,023)
Less: Debt discount	[1]	(109,447)	(116,924)
Total debt, net of debt issuance costs and debt discount		509,614	485,193
Less: Current maturities of long-term debt		(78,576)	(70,465)
Long-term debt, net of current maturities		431,038	414,728
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Less: Debt discount		(118,300)
Senior Secured Term Loan [Member] | U.S. [Member]
Debt Instrument [Line Items]
Total long-term debt	[2]	406,058	395,041
Convertible Senior Unsecured Notes [Member] | U.S. [Member]
Debt Instrument [Line Items]
Total long-term debt	[3]	132,500	132,500
Unsecured Financing [Member] | EMEA [Member]
Debt Instrument [Line Items]
Total long-term debt		71,761	62,891
Secured And Unsecured Working Capital Loans [Member] | India [Member]
Debt Instrument [Line Items]
Total long-term debt		10,926	13,902
Equipment Finance Lease [Member] | EMEA [Member]
Debt Instrument [Line Items]
Total long-term debt		555	623
Equipment Finance Lease [Member] | Mexico [Member]
Debt Instrument [Line Items]
Total long-term debt		926	1,098
Other Equipment Finance Lease [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 121	$ 85
[1] Unamortized debt discount is related to our 11 % senior secured term loan. The fair value of the senior secured term loan at issuance was $ 274.7 million, representing an initial $ 118.3 million discount. The debt discount is amortized to interest expense using the effective interest method over the term of the debt. As of March 31, 2024, includes principal balance of $ 393.0 million and $ 13.1 million of paid in kind interest. The requirements were not satisfied as of March 31, 2024 and as a result, the 5.25 % Convertible senior unsecured notes (the “Convertible Notes”) will not be eligible for optional conversion during the second quarter of 2024.

Debt - Schedule of Long-Term _2

Debt - Schedule of Long-Term Debt, Net of Debt Issuance Costs and Current Maturities (Parenthetical) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Convertible senior unsecured notes		5.25%
Paid in kind interest		$ 11,017	$ 0
Unamortized debt discount	[1]	109,447		$ 116,924
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Aggregate principal amount of commitments		393,000
Paid in kind interest		13,100
Senior secured term loan, fair value		274,700
Unamortized debt discount		$ 118,300
Interest Rates		11%
[1] Unamortized debt discount is related to our 11 % senior secured term loan. The fair value of the senior secured term loan at issuance was $ 274.7 million, representing an initial $ 118.3 million discount. The debt discount is amortized to interest expense using the effective interest method over the term of the debt.

Share-Based Compensation Plan_2

Share-Based Compensation Plans - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2024 shares
First And Second Anniversary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	25%
Timed-Based Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	514,457,000
Timed-Based Restricted Stock Units [Member] | Third anniversary
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage	50%
Performance-Based Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	151,795
Performance-Based Restricted Stock Units [Member] | Certain Total Share Holder Return Targets
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	181,371
Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	30,000
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation plans, shares issued	1,022,318

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, 2024	Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 2,589	$ 2,553
Cost of Goods Sold [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	757	73
General and Administrative Expenses [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 1,832	$ 2,480

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, 2024	Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 2,589	$ 2,553
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	1,975	2,049
Stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	242	154
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 372	$ 350

Leases - Additional Information

Leases - Additional Information (Detail)	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
Lessee Lease Description [Line Items]
Lessee, operating lease, existence of option to extend [true false]		true
Lessee, finance lease, option to extend	include options to extend the leases up to ten years
Lessee, finance lease, existence of option to extend [true false]		true
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	10 years
Lessee, lease options to extend lease term	10 years

Leases - Components of Lease Co

Leases - Components of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Total operating lease cost	$ 7,254	$ 10,025
Finance lease cost
Amortization of assets under finance leases	1,089	1,009
Interest on finance leases	77	33
Total finance lease cost	$ 1,166	$ 1,042

Leases - Schedule of Lease Asse

Leases - Schedule of Lease Assets and Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right of use assets	$ 135,858	$ 136,124
Current operating lease liabilities	22,373	22,017
Noncurrent operating lease liabilities	116,755	117,133
Total operating lease liabilities	139,128	139,150
Property, plant and equipment, gross	36,764	37,044
Less: accumulated depreciation	(30,068)	(29,316)
Total property, plant and equipment, net	$ 6,696	$ 7,728
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Current maturities of long-term debt	$ 898	$ 1,035
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 current maturities	$ 704	$ 771
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	$ 1,602	$ 1,806

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments under Noncancelable Leases (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Operating Leases Abstract
Total lease liabilities	$ 139,128	$ 139,150
Finance Leases Abstract
Total lease liabilities	$ 1,602	$ 1,806

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 7,064	$ 9,297
Operating cash flows from finance leases	77	33
Financing cash flows from finance leases	$ 297	$ 578

Financial Instruments - Schedul

Financial Instruments - Schedule of Pretax Amounts Reclassified From Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 307,084	$ 399,381

Restructuring Charges, net - Sc

Restructuring Charges, net - Schedule of Restructuring Charges, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Total restructuring charges, net	$ 182	$ 75

Restructuring Charges, net - Ad

Restructuring Charges, net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 182	$ 75

Restructuring Charges, net - Su

Restructuring Charges, net - Summary of Restructuring Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 182	$ 75

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Tax Credit Carryforward [Line Items]
Income tax provision	$ (3,289)	$ (3,860)

Net Loss Per Common Share - Com

Net Loss Per Common Share - Computation of Basic and Diluted Net Loss per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net loss from continuing operations	$ (61,797)	$ (15,146)
Preferred stock dividends and accretion	0	(15,173)
Net loss from continuing operations attributable to common stockholders	(61,797)	(30,319)
Net income (loss) from discontinued operations	329	(6,981)
Net loss attributable to common stockholders	$ (61,468)	$ (37,300)
Basic weighted-average shares outstanding	47,204	42,284
Effect of dilutive awards	0	0
Diluted weighted-average shares outstanding	47,204	42,284
Loss from continuing operations per common share:
Basic	$ (1.31)	$ (0.72)
Diluted	(1.31)	(0.72)
Income (loss) from discontinued operations per common share:
Basic	0.01	(0.16)
Diluted	0.01	(0.16)
Loss per common share:
Basic	(1.3)	(0.88)
Diluted	$ (1.3)	$ (0.88)
Dilutive shares excluded from the calculation due to net losses in the period	136	631
Anti dilutive share-based compensation awards that would be excluded from the calculation if income was reported in the period	1,180	69

Net Loss Per Common Share (Addi

Net Loss Per Common Share (Additional Information) (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Short-Term Debt [Line Items]
Convertible senior unsecured notes	5.25%
Convertible Notes
Short-Term Debt [Line Items]
Potentially issuable common shares	8,816,881,000	8,816,881,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	$ (122,304)	$ 50,487
Net current period other comprehensive income (loss)	(1,258)	2,010
Ending balance	(184,067)	(3,216)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(7,627)	(10,845)
Other comprehensive income before reclassifications	(1,258)	2,010
Amounts reclassified from AOCL	0	0
Net tax effect	0	0
Net current period other comprehensive income (loss)	(1,258)	2,010
Ending balance	(8,885)	(8,835)
Foreign Exchange Forward Contract [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	0	(4,542)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from AOCL	0	0
Net tax effect	0	0
Net current period other comprehensive income (loss)	0	0
Ending balance	0	(4,542)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(7,627)	(15,387)
Other comprehensive income before reclassifications	(1,258)	2,010
Amounts reclassified from AOCL	0	0
Net tax effect	0	0
Net current period other comprehensive income (loss)	(1,258)	2,010
Ending balance	$ (8,885)	$ (13,377)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	1 Months Ended
	Jan. 31, 2021 USD ($)
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, 2024	Mar. 31, 2023	Dec. 31, 2023
Sales Revenues [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10%	10%
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10%		10%

Concentration of Customers - Sc

Concentration of Customers - Schedule of Revenues from Certain Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Concentration Risk [Line Items]
Net sales	$ 299,062	$ 404,066
Sales Revenues [Member] | Vestas [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 63,700	$ 143,662
Percentage of Total	21.30%	35.60%
Sales Revenues [Member] | GE [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 100,066	$ 81,256
Percentage of Total	33.50%	20.10%
Sales Revenues [Member] | Nordex [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 106,695	$ 139,009
Percentage of Total	35.70%	34.40%

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, 2024	Dec. 31, 2023
Nordex [Member]
Concentration Risk [Line Items]
Percentage of Total	62.70%	61.40%
Enercon [Member]
Concentration Risk [Line Items]
Percentage of Total	17%	17.60%
Vestas [Member]
Concentration Risk [Line Items]
Percentage of Total	11.30%	7.40%
GE [Member]
Concentration Risk [Line Items]
Percentage of Total	7.80%	11.50%

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net sales		$ 299,062	$ 404,066
Loss from continuing operations		(38,962)	(7,997)
Total property, plant and equipment, net		126,379		$ 128,808
U.S. [Member]
Segment Reporting Information [Line Items]
Net sales		9,218	15,620
Mexico [Member]
Segment Reporting Information [Line Items]
Net sales		152,458	154,640
Turkey [Member]
Segment Reporting Information [Line Items]
Net sales		96,336	167,118
Spain [Member]
Segment Reporting Information [Line Items]
Net sales		292	395
India [Member]
Segment Reporting Information [Line Items]
Net sales		40,758	66,293
U.S. Segment [Member]
Segment Reporting Information [Line Items]
Net sales		9,218	15,620
Loss from continuing operations	[1]	(6,634)	(5,729)
Total property, plant and equipment, net		10,603		10,660
Mexico Segment [Member]
Segment Reporting Information [Line Items]
Net sales		152,458	154,640
Loss from continuing operations		(27,263)	(21,701)
Total property, plant and equipment, net		49,035		49,921
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Net sales		96,628	167,513
Loss from continuing operations		(5,501)	15,668
Total property, plant and equipment, net		40,025		40,435
India Segment [Member]
Segment Reporting Information [Line Items]
Net sales		40,758	66,293
Loss from continuing operations		436	$ 3,765
Total property, plant and equipment, net		$ 26,716		$ 27,792
[1] The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 6.7 million for the three months ended March 31, 2024 , and $ 7.0 million in the comparative prior year period.

Segment Reporting - Schedule _2

Segment Reporting - Schedule of Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
General and administrative costs	$ 6,699	$ 7,034
U.S. Segment [Member]
Segment Reporting Information [Line Items]
General and administrative costs	$ 6,700	$ 7,000