TPI Composites (TPIC) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Entity Addresses [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
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		47,553,773

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 101,861	$ 161,059
Restricted cash		8,451	10,838
Accounts receivable		145,907	138,029
Contract assets		111,228	112,237
Prepaid expenses		19,380	17,621
Other current assets		29,278	34,564
Inventories		5,454	9,420
Current assets of discontinued operations		867	19,307
Total current assets		422,426	503,075
Property, plant and equipment, net		120,787	128,808
Operating lease right of use assets		133,745	136,124
Other noncurrent assets		38,464	36,073
Total assets		715,422	804,080
Current liabilities:
Accounts payable and accrued expenses		250,602	227,723
Accrued warranty		34,000	37,483
Current maturities of long-term debt	[1]	106,163	70,465
Current operating lease liabilities		24,815	22,017
Contract liabilities		4,408	24,021
Current liabilities of discontinued operations		1,777	4,712
Total current liabilities		421,765	386,421
Long-term debt, net of current maturities		448,283	414,728
Noncurrent operating lease liabilities		112,420	117,133
Other noncurrent liabilities		7,213	8,102
Total liabilities		989,681	926,384
Commitments and contingencies (Note 12)
Stockholders' deficit:
Common shares, $0.01 par value, 100,000 shares authorized, 48,601 shares issued and 47,554 shares outstanding at June 30,2024 and 100,000 shares authorized, 46,990 shares issued and 46,471 shares outstanding at December 31, 2023		486	470
Paid-in capital		434,975	431,335
Accumulated other comprehensive loss		(9,032)	(7,627)
Accumulated deficit		(688,905)	(536,348)
Treasury stock, at cost, 1,047 shares at June 30, 2024 and 519 shares at December 31, 2023		(11,783)	(10,134)
Total stockholders' deficit		(274,259)	(122,304)
Total liabilities and stockholders' deficit		$ 715,422	$ 804,080
[1] Current maturities of long-term debt are primarily related to outstanding working capital facilities of $ 91.7 million and $ 13.5 million in Türkiye and India, respectively.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 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	48,601,000	46,990,000
Common stock, shares outstanding	47,554,000	46,471,000
Treasury stock	1,047,000	519,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net sales	$ 309,817	$ 374,021	$ 603,863	$ 767,826
Cost of sales	313,562	411,461	613,057	795,512
Startup and transition costs	20,678	3,377	42,907	5,357
Total cost of goods sold	334,240	414,838	655,964	800,869
Gross loss	(24,423)	(40,817)	(52,101)	(33,043)
General and administrative expenses	9,211	6,767	17,614	13,801
Loss on sale of assets and asset impairments	3,083	5,819	4,918	9,412
Restructuring charges, net	298	2,248	480	2,224
Loss from continuing operations	(37,015)	(55,651)	(75,113)	(58,480)
Other income (expense):
Interest expense, net	(22,428)	(1,876)	(43,811)	(4,401)
Foreign currency income (loss)	132	(1,564)	(499)	(2,746)
Miscellaneous income	227	682	2,702	1,115
Total other expense	(22,069)	(2,758)	(41,608)	(6,032)
Loss from continuing operations before income taxes	(59,084)	(58,409)	(116,721)	(64,512)
Income tax provision	(2,412)	(287)	(5,654)	(4,116)
Net loss from continuing operations	(61,496)	(58,696)	(122,375)	(68,628)
Preferred stock dividends and accretion	0	(15,598)	0	(30,771)
Net loss from continuing operations attributable to common stockholders	(61,496)	(74,294)	(122,375)	(99,399)
Net loss from discontinued operations	(29,593)	(6,541)	(30,182)	(18,736)
Net loss attributable to common stockholders	$ (91,089)	$ (80,835)	$ (152,557)	$ (118,135)
Weighted-average shares of common stock outstanding:
Basic	47,504	42,517	47,354	42,386
Diluted	47,504	42,517	47,354	42,386
Net loss from continuing operations per common share:
Basic	$ (1.3)	$ (1.75)	$ (2.58)	$ (2.35)
Diluted	(1.3)	(1.75)	(2.58)	(2.35)
Net loss from discontinued operations per common share:
Basic	(0.62)	(0.15)	(0.64)	(0.44)
Diluted	(0.62)	(0.15)	(0.64)	(0.44)
Net loss per common share:
Basic	(1.92)	(1.9)	(3.22)	(2.79)
Diluted	$ (1.92)	$ (1.9)	$ (3.22)	$ (2.79)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss from continuing operations attributable to common stockholders	$ (61,496)	$ (74,294)	$ (122,375)	$ (99,399)
Net loss from discontinued operations	(29,593)	(6,541)	(30,182)	(18,736)
Net loss attributable to common stockholders	(91,089)	(80,835)	(152,557)	(118,135)
Other comprehensive income (loss):
Foreign currency translation adjustments	(147)	(816)	(1,405)	1,194
Unrealized gain on hedging derivatives, net of taxes of $0 for each of the presented periods	0	1,885	0	1,885
Comprehensive loss	$ (91,236)	$ (79,766)	$ (153,962)	$ (115,056)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Statement of Comprehensive Income [Abstract]
Tax on hedging derivatives	$ 0

CONDENSED CONSOLIDATED STATEM_4

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)
Issuances under share-based compensation plan	6		$ 6
Share-based compensation expense	2,720			2,720
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
Net loss	(65,237)					(65,237)
Preferred stock dividends	(11,118)	(11,118)		(11,118)
Other comprehensive income (loss)	1,069				1,069
Common stock repurchased for treasury	(34)						(34)
Issuances under share-based compensation plan	1		$ 1
Share-based compensation expense	3,926			3,926
Issuances under share-based compensation plan, shares			93,000
Accretion of Series A Preferred Stock	(4,480)	$ 4,480		(4,480)
Ending balance at Jun. 30, 2023	(79,089)		$ 431	364,855	(12,308)	(421,933)	(10,134)
Ending balance, shares at Jun. 30, 2023		350,000	43,089,000
Ending Balance at Jun. 30, 2023		$ 340,648
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)
Issuances under share-based compensation plan	15		$ 15
Share-based compensation expense	2,589			2,589
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
Net loss	(91,089)					(91,089)
Other comprehensive income (loss)	(147)				(147)
Common stock repurchased for treasury	(8)						(8)
Issuances under share-based compensation plan	1		$ 1
Share-based compensation expense	1,051			1,051
Issuances under share-based compensation plan, shares			87,000
Ending balance at Jun. 30, 2024	$ (274,259)		$ 486	$ 434,975	$ (9,032)	$ (688,905)	$ (11,783)
Ending balance, shares at Jun. 30, 2024		0	48,601,000
Ending Balance at Jun. 30, 2024		$ 0

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Cash flows from operating activities:
Net loss	$ (152,557)	$ (87,364)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	15,829	20,216
Loss on sale of discontinued operations	5,560	0
Loss on sale of assets and asset impairments	24,287	11,333
Share-based compensation expense	3,640	6,703
Amortization of debt issuance costs	15,654	315
Paid-in-kind interest	22,308	0
Deferred income taxes	(2,414)	(3,827)
Changes in assets and liabilities:
Accounts receivable	(16,747)	18,361
Contract assets and liabilities	(19,018)	(19,946)
Operating lease right of use assets and operating lease liabilities	464	(7,622)
Inventories	331	5,038
Prepaid expenses	(1,599)	1,735
Other current assets	4,905	(10,121)
Other noncurrent assets	(857)	4,599
Accounts payable and accrued expenses	28,678	(42,370)
Accrued warranty	(3,483)	26,941
Other noncurrent liabilities	(889)	1,755
Net cash used in operating activities	(75,908)	(74,254)
Cash flows from investing activities:
Purchases of property, plant and equipment	(15,405)	(6,694)
Net cash used in investing activities	(15,405)	(6,694)
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	(4,810)
Proceeds from working capital loans	112,621	72,736
Repayments of working capital loans	(80,102)	(71,180)
Principal repayments of finance leases	(610)	(1,014)
Net proceeds from (repayments of) other debt	(853)	1,050
Repurchase of common stock including shares withheld in lieu of income taxes	(1,649)	(2,583)
Net cash provided by financing activities	29,407	108,109
Impact of foreign exchange rates on cash, cash equivalents and restricted cash	131	914
Net change in cash, cash equivalents and restricted cash	(61,775)	28,075
Cash, cash equivalents and restricted cash, beginning of year	172,813	153,069
Cash, cash equivalents and restricted cash, end of period	111,038	181,144
Supplemental cash flow information:
Cash paid for interest	6,665	3,178
Cash paid for income taxes, net of refunds	15,283	6,110
Noncash investing and financing activities:
Right of use assets obtained in exchange for new operating lease liabilities	11,376	893
Property, plant, and equipment obtained in exchange for new finance lease liabilities	235	197
Accrued capital expenditures in accounts payable	3,630	2,973
Paid-in-kind preferred stock dividends and accretion	0	30,771
Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Cash and cash equivalents	161,059	133,546
Cash and cash equivalents	101,861	170,096
Restricted cash	10,838	9,854
Restricted Cash	8,451	9,239
Cash and cash equivalents of discontinued operations	916	9,669
Cash and cash equivalents of discontinued operations	726	1,809
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	$ 111,038	$ 181,144

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 June 30, 2024, and the results of our operations, comprehensive income (loss) and cash flows for the periods presented. Interim results for the three and six months ended June 30, 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 - Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amendments are intended to increase reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted the standard for full fiscal years on January 1, 2024, and plans to adopt the standard for interim periods beginning January 1, 2025, with early adoption permitted. The Company is evaluating the potential impact of its adoption on the Company’s audited Consolidated Financial Statements but does not anticipate that such adoption will have a material impact. Recently Issued Accounting Pronouncements - Not Yet Adopted In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which is intended to improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU also includes certain other amendments intended to improve the effectiveness of income tax disclosures. This ASU is effective for the Company’s fiscal year beginning January 1, 2025 and allows the use of a prospective or retrospective approach. The Company plans to adopt the standard on January 1, 2025 and has not yet determined the potential impact of its adoption on the Company’s audited Consolidated Financial Statements.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 2. Discontinued Operations On June 30, 2024, we completed the divestiture of our wholly-owned subsidiary, TPI, Inc. (the “Automotive” subsidiary) for cash proceeds of one US Dollar. The Automotive subsidiary was engaged in the development, commercialization and implementation of the Company’s automotive industry related products. The Automotive subsidiary was classified as held for sale in the Company’s Consolidated Balance Sheets as of December 31, 2023 and March 31, 2024. As a result of the divestiture, the Company recorded an $ 19.7 million non-cash impairment charge related to property, plant and equipment, and a $ 5.6 million loss on sale of the discontinued operations. The divestiture constituted a strategic shift as the Company will focus entirely on executing on its core business in the wind industry going forward, and accordingly, the historical results of our Automotive subsidiary have been reclassified as discontinued operations for all periods presented in the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. 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. The 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 tables present the carrying amounts of major classes of assets and liabilities that were included in discontinued operations: June 30, 2024 (in thousands) Automotive Asia Total Cash and cash equivalents $ — $ 726 $ 726 Other classes of assets — 141 141 Total assets of discontinued operations $ — $ 867 $ 867 Accounts payable and accrued expenses $ — $ 1,021 $ 1,021 Accrued restructuring — 756 756 Total liabilities of discontinued operations $ — $ 1,777 $ 1,777 December 31, 2023 (in thousands) Automotive Asia Total Cash and cash equivalents $ — $ 916 $ 916 Property, plant and equipment, net 14,204 — 14,204 Other classes of assets that are not major 3,583 604 4,187 Total assets of discontinued operations $ 17,787 $ 1,520 $ 19,307 Accounts payable and accrued expenses $ 1,897 $ 1,632 $ 3,529 Accrued restructuring — 1,183 1,183 Total liabilities of discontinued operations $ 1,897 $ 2,815 $ 4,712 A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Operations are as follows: Three Months Ended June 30, 2024 Automotive Asia Total (in thousands) Net sales $ 7,270 $ — $ 7,270 Cost of sales 11,305 17 11,322 Gross loss ( 4,035 ) ( 17 ) ( 4,052 ) Loss on sale of assets and asset impairments 19,712 — 19,712 Loss on sale of discontinued operations 5,560 — 5,560 Restructuring charges, net 465 — 465 Loss from discontinued operations ( 29,772 ) ( 17 ) ( 29,789 ) Total other income 187 54 241 Income (loss) before income taxes ( 29,585 ) 37 ( 29,548 ) Income tax provision ( 45 ) — ( 45 ) Net income (loss) from discontinued operations $ ( 29,630 ) $ 37 $ ( 29,593 ) Three Months Ended June 30, 2023 Automotive Asia Total (in thousands) Net sales $ 7,250 $ 34 $ 7,284 Cost of sales 13,806 1,667 15,473 Gross loss ( 6,556 ) ( 1,633 ) ( 8,189 ) Loss on sale of assets and asset impairments — ( 256 ) ( 256 ) Restructuring charges, net — 2 2 Loss from discontinued operations ( 6,556 ) ( 1,379 ) ( 7,935 ) Total other income 95 1,317 1,412 Loss before income taxes ( 6,461 ) ( 62 ) ( 6,523 ) Income tax provision ( 18 ) — ( 18 ) Net loss from discontinued operations $ ( 6,479 ) $ ( 62 ) $ ( 6,541 ) Six Months Ended June 30, 2024 Automotive Asia Total (in thousands) Net sales $ 12,286 $ — $ 12,286 Cost of sales 18,894 71 18,965 Gross loss ( 6,608 ) ( 71 ) ( 6,679 ) General and administrative expenses ( 1,704 ) — ( 1,704 ) (Gain) loss on sale of assets and asset impairments 19,707 ( 338 ) 19,369 Loss on sale of discontinued operations 5,560 — 5,560 Restructuring charges, net 465 — 465 Income (loss) from discontinued operations ( 30,636 ) 267 ( 30,369 ) Total other income 180 99 279 Income (loss) before income taxes ( 30,456 ) 366 ( 30,090 ) Income tax provision ( 92 ) — ( 92 ) Net income (loss) from discontinued operations $ ( 30,548 ) $ 366 $ ( 30,182 ) Six Months Ended June 30, 2023 Automotive Asia Total (in thousands) Net sales $ 17,511 $ 2,201 $ 19,712 Cost of sales 29,136 7,403 36,539 Gross loss ( 11,625 ) ( 5,202 ) ( 16,827 ) Loss on sale of assets and asset impairments — 1,921 1,921 Restructuring charges, net 99 1,460 1,559 Loss from discontinued operations ( 11,724 ) ( 8,583 ) ( 20,307 ) Total other income 80 1,540 1,620 Loss before income taxes ( 11,644 ) ( 7,043 ) ( 18,687 ) Income tax provision ( 49 ) — ( 49 ) Loss from discontinued operations $ ( 11,693 ) $ ( 7,043 ) $ ( 18,736 ) The following table presents summarized cash flows from discontinued operations that are included in the Condensed Consolidated Statements of Cash Flows : Six Months Ended June 30, 2024 2023 (in thousands) Net cash used in operating activities from discontinued operations $ 2,625 $ ( 7,852 ) Net cash used in investing activities from discontinued operations ( 3,387 ) ( 364 ) Additional non-cash items related to operating activities from discontinued operations: Share-based compensation expense ( 74 ) 177 Depreciation and amortization 457 1,657

Revenue From Contracts with Cus

Revenue From Contracts with Customers	6 Months Ended
	Jun. 30, 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 June 30, 2024 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 158,844 $ 102,375 $ 43,071 $ 304,290 Field service, inspection and 2,558 467 2,502 — 5,527 Total net sales $ 2,558 $ 159,311 $ 104,877 $ 43,071 $ 309,817 Three Months Ended June 30, 2023 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 166,767 $ 132,614 $ 63,353 $ 362,734 Field service, inspection and 9,110 211 1,966 — 11,287 Total net sales $ 9,110 $ 166,978 $ 134,580 $ 63,353 $ 374,021 Six Months Ended June 30, 2024 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 311,205 $ 198,161 $ 83,829 $ 593,195 Field service, inspection and 6,760 564 3,344 — 10,668 Total net sales $ 6,760 $ 311,769 $ 201,505 $ 83,829 $ 603,863 Six Months Ended June 30, 2023 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 321,229 $ 299,451 $ 129,646 $ 750,326 Field service, inspection and 14,469 389 2,642 — 17,500 Total net sales $ 14,469 $ 321,618 $ 302,093 $ 129,646 $ 767,826 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: June 30, December 31, 2024 2023 $ Change (in thousands) Gross contract assets $ 146,301 $ 121,483 $ 24,818 Less: reclassification from contract liabilities ( 35,073 ) ( 9,246 ) ( 25,827 ) Contract assets $ 111,228 $ 112,237 $ ( 1,009 ) June 30, December 31, 2024 2023 $ Change (in thousands) Gross contract liabilities $ 39,481 $ 33,267 $ 6,214 Less: reclassification to contract assets ( 35,073 ) ( 9,246 ) ( 25,827 ) Contract liabilities $ 4,408 $ 24,021 $ ( 19,613 ) Gross contract assets increased by $ 24.8 million from December 31, 2023 to June 30, 2024, primarily due to an increase in customer specific material purchases and incremental unbilled production related to startups and transitions during the six months ended June 30, 2024 . Gross contract liabilities increased by $ 6.2 million from December 31, 2023 to June 30, 2024, primarily due to an increase in customer advances during the six months ended June 30, 2024. For the six months ended June 30, 2024 , we recognized $ 19.6 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 June 30, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligations to be satisfied in future periods was approximately $ 1.0 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 $ 633,957 61.3 % 2025 400,094 38.7 Total remaining performance obligations $ 1,034,051 100.0 % For the three and six months ended June 30, 2024 , net revenue recognized from our performance obligations satisfied in previous periods decreased by $ 14.6 million and $ 20.0 million, respectively. For the three and six months ended June 30, 2023 , net revenue recognized from our performance obligations satisfied in previous periods decreased by $ 11.2 million and $ 15.5 million, respectively. The decrease for the three and six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 . 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 June 30, 2024 and December 31, 2023, we had $ 87.1 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 June 30, 2024, this included $ 5.0 million in Türkiye, $ 5.7 million in India, $ 2.5 million in Mexico and $ 1.6 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 June 30, 2024 and December 31, 2023, we had short-term deposits in interest bearing accounts in the U.S. of $ 8.5 million and $ 10.8 million, respectively, which are reported as restricted cash in our condensed consolidated balance sheets. In addition, at June 30, 2024 and December 31, 2023, we had unrestricted cash and cash equivalents related to our discontinued operations of $ 0.7 million and $ 0.9 million, respectively.

Accrued Warranty

Accrued Warranty	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Warranty accrual at beginning of period $ 37,500 $ 22,973 $ 37,483 $ 22,347 Accrual during the period 2,895 3,225 5,486 6,078 Cost of warranty services provided during the period ( 6,262 ) ( 9,570 ) ( 16,867 ) ( 13,834 ) Changes in estimate for pre-existing warranties, ( 133 ) 32,660 7,898 34,697 Warranty accrual at end of period $ 34,000 $ 49,288 $ 34,000 $ 49,288

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Note 6. Debt Long-term debt, net of current maturities, consisted of the following: June 30, December 31, 2024 2023 (in thousands) 11 % Senior secured term loan—U.S. (1) $ 417,349 $ 395,041 5.25 % Convertible senior unsecured notes—U.S. (2) 132,500 132,500 Unsecured financing—EMEA 95,049 62,891 Secured and unsecured working capital—India 13,460 13,902 Equipment finance leases—Mexico 729 1,098 Equipment finance leases—EMEA 533 623 Other equipment finance leases 118 85 Total debt—principal 659,738 606,140 Less: Debt issuance costs ( 3,550 ) ( 4,023 ) Less: Debt discount (3) ( 101,742 ) ( 116,924 ) Total debt, net of debt issuance costs and debt discount 554,446 485,193 Less: Current maturities of long-term debt (4) ( 106,163 ) ( 70,465 ) Long-term debt, net of current maturities $ 448,283 $ 414,728 (1) As of June 30, 2024, includes principal balance of $ 393.0 million and $ 24.3 million of paid in kind interest. (2) The conversion requirements were not satisfied as of June 30, 2024 and as a result, the 5.25 % Convertible senior unsecured notes (the “Convertible Notes”) will not be eligible for optional conversion during the third 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. (4) Current maturities of long-term debt are primarily related to outstanding working capital facilities of $ 91.7 million and $ 13.5 million in Türkiye and India, respectively.

Share-Based Compensation Plans

Share-Based Compensation Plans	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation Plans	Note 7. Share-Based Compensation Plans During the six months ended June 30, 2024 , we granted to certain employees an aggregate of 722,534 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 66,261 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 six months ended June 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Cost of goods sold $ 197 $ 1,074 $ 890 $ 1,151 General and administrative expenses 965 2,894 2,798 5,374 Total share-based compensation expense $ 1,162 $ 3,968 $ 3,688 $ 6,525 The share-based compensation expense recognized by award type was as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) RSUs $ 991 $ 3,051 $ 2,905 $ 5,111 Stock options 172 297 414 451 PSUs ( 1 ) 620 369 963 Total share-based compensation expense $ 1,162 $ 3,968 $ 3,688 $ 6,525

Leases

Leases	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Total operating lease cost $ 12,170 $ 10,122 $ 19,423 $ 20,147 Finance lease cost Amortization of assets under finance leases $ 905 $ 1,039 $ 1,994 $ 2,048 Interest on finance leases 72 32 148 65 Total finance lease cost $ 977 $ 1,071 $ 2,142 $ 2,113 Total lease assets and liabilities were as follows: June 30, December 31, 2024 2023 (in thousands) Operating Leases Operating lease right of use assets $ 133,745 $ 136,124 Current operating lease liabilities $ 24,815 $ 22,017 Noncurrent operating lease liabilities 112,420 117,133 Total operating lease liabilities $ 137,235 $ 139,150 Finance Leases Property, plant and equipment, gross $ 36,694 $ 37,044 Less: accumulated depreciation ( 30,564 ) ( 29,316 ) Total property, plant and equipment, net $ 6,130 $ 7,728 Current maturities of long-term debt $ 992 $ 1,035 Long-term debt, net of current maturities 388 771 Total finance lease liabilities $ 1,380 $ 1,806 Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 19,044 $ 18,784 Operating cash flows from finance leases 148 65 Financing cash flows from finance leases 610 1,014

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 9. Income Taxes For the three and six months ended June 30, 2024, we reported an income tax provision of $ 2.4 million and $ 5.7 million, respectively, as compared to an income tax provision of $ 0.3 million and $ 4.1 million, respectively, in the comparative prior year periods. The increased income tax provision during the three and six months ended June 30, 2024, resulted primarily from the change in the mix of earnings of foreign jurisdictions. No changes in tax law occurred during the three and six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands, except per share data) Numerator: Net loss from continuing operations $ ( 61,496 ) $ ( 58,696 ) $ ( 122,375 ) $ ( 68,628 ) Preferred stock dividends and accretion — ( 15,598 ) — ( 30,771 ) Net loss from continuing operations attributable to common stockholders ( 61,496 ) ( 74,294 ) ( 122,375 ) ( 99,399 ) Net loss from discontinued operations ( 29,593 ) ( 6,541 ) ( 30,182 ) ( 18,736 ) Net loss attributable to common stockholders $ ( 91,089 ) $ ( 80,835 ) $ ( 152,557 ) $ ( 118,135 ) Denominator: Basic weighted-average shares outstanding 47,504 42,517 47,354 42,386 Effect of dilutive awards — — — — Diluted weighted-average shares outstanding 47,504 42,517 47,354 42,386 Loss from continuing operations per common share: Basic $ ( 1.30 ) $ ( 1.75 ) $ ( 2.58 ) $ ( 2.35 ) Diluted $ ( 1.30 ) $ ( 1.75 ) $ ( 2.58 ) $ ( 2.35 ) Loss from discontinued operations per common share: Basic $ ( 0.62 ) $ ( 0.15 ) $ ( 0.64 ) $ ( 0.44 ) Diluted $ ( 0.62 ) $ ( 0.15 ) $ ( 0.64 ) $ ( 0.44 ) Loss per common share: Basic $ ( 1.92 ) $ ( 1.90 ) $ ( 3.22 ) $ ( 2.79 ) Diluted $ ( 1.92 ) $ ( 1.90 ) $ ( 3.22 ) $ ( 2.79 ) Dilutive shares excluded from the calculation 577 292 346 485 Anti-dilutive share-based compensation awards 487 76 790 75 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 six months ended June 30, 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	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 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 ) Other comprehensive income before reclassifications ( 147 ) — ( 147 ) Amounts reclassified from AOCL — — — Net tax effect — — — Net current period other comprehensive income ( 147 ) — ( 147 ) Balance at June 30, 2024 $ ( 9,032 ) $ — $ ( 9,032 ) Six Months Ended June 30, 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 ) Other comprehensive income before reclassifications ( 816 ) 1,943 1,127 Amounts reclassified from AOCL — ( 58 ) ( 58 ) Net tax effect — — — Net current period other comprehensive income ( 816 ) 1,885 1,069 Balance at June 30, 2023 $ ( 9,651 ) $ ( 2,657 ) $ ( 12,308 )

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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 the Hamburg District court. The complaint asserts voidance claims 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. In November 2022, the court appointed an independent expert to assess whether Senvion was solvent at the time of the relevant payments. The independent expert has not yet submitted its assessment to the court. 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	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 Customer Net sales % of T otal Net sales % of T otal Net sales % of T otal Net sales % of T otal Nordex $ 108,658 35.1 % $ 114,641 30.7 % $ 215,353 35.7 % $ 253,650 33.0 % GE 94,722 30.6 98,923 26.4 194,788 32.3 180,179 23.5 Vestas 86,634 28.0 133,725 35.8 150,334 24.9 277,387 36.1 Trade accounts receivable from certain customers in excess of 10 percent of our total consolidated trade accounts receivable are as follows: June 30, December 31, 2024 2023 Customer % of Total % of Total Nordex 62.4 % 61.5 % Enercon 15.6 17.6 GE 11.2 11.5

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Net sales by segment: U.S. $ 2,558 $ 9,110 $ 6,760 $ 14,469 Mexico 159,311 166,978 311,769 321,618 EMEA 104,877 134,580 201,505 302,093 India 43,071 63,353 83,829 129,646 Total net sales $ 309,817 $ 374,021 $ 603,863 $ 767,826 Net sales by geographic location: United States $ 2,558 $ 9,110 $ 6,760 $ 14,469 Mexico 159,311 166,978 311,769 321,618 Türkiye 104,828 133,194 199,675 300,312 Spain 49 1,386 1,830 1,781 India 43,071 63,353 83,829 129,646 Total net sales $ 309,817 $ 374,021 $ 603,863 $ 767,826 Income (loss) from continuing operations: U.S. (1) $ ( 8,884 ) $ ( 3,446 ) $ ( 15,661 ) $ ( 7,418 ) Mexico ( 24,513 ) ( 63,942 ) ( 51,958 ) ( 81,961 ) EMEA ( 5,817 ) 5,537 ( 10,129 ) 20,934 India 2,199 6,200 2,635 9,965 Total loss from continuing operations $ ( 37,015 ) $ ( 55,651 ) $ ( 75,113 ) $ ( 58,480 ) June 30, December 31, 2024 2023 (in thousands) Property, plant and equipment, net: U.S. $ 9,573 $ 10,660 Mexico 46,227 49,921 EMEA 39,481 40,435 India 25,506 27,792 Total property, plant and equipment, net $ 120,787 $ 128,808 (1) The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 9.2 million and $ 17.6 million, respectively, for the three and six months ended June 30, 2024 , and $ 6.8 million and $ 13.8 million, respectively, in the comparative prior year periods.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 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 June 30, 2024, and the results of our operations, comprehensive income (loss) and cash flows for the periods presented. Interim results for the three and six months ended June 30, 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	Recently Issued Accounting Pronouncements - Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amendments are intended to increase reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted the standard for full fiscal years on January 1, 2024, and plans to adopt the standard for interim periods beginning January 1, 2025, with early adoption permitted. The Company is evaluating the potential impact of its adoption on the Company’s audited Consolidated Financial Statements but does not anticipate that such adoption will have a material impact. Recently Issued Accounting Pronouncements - Not Yet Adopted In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which is intended to improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU also includes certain other amendments intended to improve the effectiveness of income tax disclosures. This ASU is effective for the Company’s fiscal year beginning January 1, 2025 and allows the use of a prospective or retrospective approach. The Company plans to adopt the standard on January 1, 2025 and has not yet determined the potential impact of its adoption on the Company’s audited Consolidated Financial Statements.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule Of discontinued major classes of assets and liabilities	The following tables present the carrying amounts of major classes of assets and liabilities that were included in discontinued operations: June 30, 2024 (in thousands) Automotive Asia Total Cash and cash equivalents $ — $ 726 $ 726 Other classes of assets — 141 141 Total assets of discontinued operations $ — $ 867 $ 867 Accounts payable and accrued expenses $ — $ 1,021 $ 1,021 Accrued restructuring — 756 756 Total liabilities of discontinued operations $ — $ 1,777 $ 1,777 December 31, 2023 (in thousands) Automotive Asia Total Cash and cash equivalents $ — $ 916 $ 916 Property, plant and equipment, net 14,204 — 14,204 Other classes of assets that are not major 3,583 604 4,187 Total assets of discontinued operations $ 17,787 $ 1,520 $ 19,307 Accounts payable and accrued expenses $ 1,897 $ 1,632 $ 3,529 Accrued restructuring — 1,183 1,183 Total liabilities of discontinued operations $ 1,897 $ 2,815 $ 4,712 A
Schedule Of discontinued operations income statement	summary of the results from discontinued operations included in the Condensed Consolidated Statements of Operations are as follows: Three Months Ended June 30, 2024 Automotive Asia Total (in thousands) Net sales $ 7,270 $ — $ 7,270 Cost of sales 11,305 17 11,322 Gross loss ( 4,035 ) ( 17 ) ( 4,052 ) Loss on sale of assets and asset impairments 19,712 — 19,712 Loss on sale of discontinued operations 5,560 — 5,560 Restructuring charges, net 465 — 465 Loss from discontinued operations ( 29,772 ) ( 17 ) ( 29,789 ) Total other income 187 54 241 Income (loss) before income taxes ( 29,585 ) 37 ( 29,548 ) Income tax provision ( 45 ) — ( 45 ) Net income (loss) from discontinued operations $ ( 29,630 ) $ 37 $ ( 29,593 ) Three Months Ended June 30, 2023 Automotive Asia Total (in thousands) Net sales $ 7,250 $ 34 $ 7,284 Cost of sales 13,806 1,667 15,473 Gross loss ( 6,556 ) ( 1,633 ) ( 8,189 ) Loss on sale of assets and asset impairments — ( 256 ) ( 256 ) Restructuring charges, net — 2 2 Loss from discontinued operations ( 6,556 ) ( 1,379 ) ( 7,935 ) Total other income 95 1,317 1,412 Loss before income taxes ( 6,461 ) ( 62 ) ( 6,523 ) Income tax provision ( 18 ) — ( 18 ) Net loss from discontinued operations $ ( 6,479 ) $ ( 62 ) $ ( 6,541 ) Six Months Ended June 30, 2024 Automotive Asia Total (in thousands) Net sales $ 12,286 $ — $ 12,286 Cost of sales 18,894 71 18,965 Gross loss ( 6,608 ) ( 71 ) ( 6,679 ) General and administrative expenses ( 1,704 ) — ( 1,704 ) (Gain) loss on sale of assets and asset impairments 19,707 ( 338 ) 19,369 Loss on sale of discontinued operations 5,560 — 5,560 Restructuring charges, net 465 — 465 Income (loss) from discontinued operations ( 30,636 ) 267 ( 30,369 ) Total other income 180 99 279 Income (loss) before income taxes ( 30,456 ) 366 ( 30,090 ) Income tax provision ( 92 ) — ( 92 ) Net income (loss) from discontinued operations $ ( 30,548 ) $ 366 $ ( 30,182 ) Six Months Ended June 30, 2023 Automotive Asia Total (in thousands) Net sales $ 17,511 $ 2,201 $ 19,712 Cost of sales 29,136 7,403 36,539 Gross loss ( 11,625 ) ( 5,202 ) ( 16,827 ) Loss on sale of assets and asset impairments — 1,921 1,921 Restructuring charges, net 99 1,460 1,559 Loss from discontinued operations ( 11,724 ) ( 8,583 ) ( 20,307 ) Total other income 80 1,540 1,620 Loss before income taxes ( 11,644 ) ( 7,043 ) ( 18,687 ) Income tax provision ( 49 ) — ( 49 ) Loss from discontinued operations $ ( 11,693 ) $ ( 7,043 ) $ ( 18,736 ) The following table presents summarized cash flows from discontinued operations that are included in the Condensed Consolidated Statements of Cash Flows
Summarized of cash flows from discontinued operations	The following table presents summarized cash flows from discontinued operations that are included in the Condensed Consolidated Statements of Cash Flows : Six Months Ended June 30, 2024 2023 (in thousands) Net cash used in operating activities from discontinued operations $ 2,625 $ ( 7,852 ) Net cash used in investing activities from discontinued operations ( 3,387 ) ( 364 ) Additional non-cash items related to operating activities from discontinued operations: Share-based compensation expense ( 74 ) 177 Depreciation and amortization 457 1,657

Revenue From Contracts with C_2

Revenue From Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 158,844 $ 102,375 $ 43,071 $ 304,290 Field service, inspection and 2,558 467 2,502 — 5,527 Total net sales $ 2,558 $ 159,311 $ 104,877 $ 43,071 $ 309,817 Three Months Ended June 30, 2023 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 166,767 $ 132,614 $ 63,353 $ 362,734 Field service, inspection and 9,110 211 1,966 — 11,287 Total net sales $ 9,110 $ 166,978 $ 134,580 $ 63,353 $ 374,021 Six Months Ended June 30, 2024 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 311,205 $ 198,161 $ 83,829 $ 593,195 Field service, inspection and 6,760 564 3,344 — 10,668 Total net sales $ 6,760 $ 311,769 $ 201,505 $ 83,829 $ 603,863 Six Months Ended June 30, 2023 U.S. Mexico EMEA India Total (in thousands) Wind blade, tooling and other wind $ — $ 321,229 $ 299,451 $ 129,646 $ 750,326 Field service, inspection and 14,469 389 2,642 — 17,500 Total net sales $ 14,469 $ 321,618 $ 302,093 $ 129,646 $ 767,826
Summary of Contract Assets and Contract Liabilities	Contract assets and contract liabilities consisted of the following: June 30, December 31, 2024 2023 $ Change (in thousands) Gross contract assets $ 146,301 $ 121,483 $ 24,818 Less: reclassification from contract liabilities ( 35,073 ) ( 9,246 ) ( 25,827 ) Contract assets $ 111,228 $ 112,237 $ ( 1,009 ) June 30, December 31, 2024 2023 $ Change (in thousands) Gross contract liabilities $ 39,481 $ 33,267 $ 6,214 Less: reclassification to contract assets ( 35,073 ) ( 9,246 ) ( 25,827 ) Contract liabilities $ 4,408 $ 24,021 $ ( 19,613 )
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 $ 633,957 61.3 % 2025 400,094 38.7 Total remaining performance obligations $ 1,034,051 100.0 %

Accrued Warranty (Tables)

Accrued Warranty (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Warranty accrual at beginning of period $ 37,500 $ 22,973 $ 37,483 $ 22,347 Accrual during the period 2,895 3,225 5,486 6,078 Cost of warranty services provided during the period ( 6,262 ) ( 9,570 ) ( 16,867 ) ( 13,834 ) Changes in estimate for pre-existing warranties, ( 133 ) 32,660 7,898 34,697 Warranty accrual at end of period $ 34,000 $ 49,288 $ 34,000 $ 49,288

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 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: June 30, December 31, 2024 2023 (in thousands) 11 % Senior secured term loan—U.S. (1) $ 417,349 $ 395,041 5.25 % Convertible senior unsecured notes—U.S. (2) 132,500 132,500 Unsecured financing—EMEA 95,049 62,891 Secured and unsecured working capital—India 13,460 13,902 Equipment finance leases—Mexico 729 1,098 Equipment finance leases—EMEA 533 623 Other equipment finance leases 118 85 Total debt—principal 659,738 606,140 Less: Debt issuance costs ( 3,550 ) ( 4,023 ) Less: Debt discount (3) ( 101,742 ) ( 116,924 ) Total debt, net of debt issuance costs and debt discount 554,446 485,193 Less: Current maturities of long-term debt (4) ( 106,163 ) ( 70,465 ) Long-term debt, net of current maturities $ 448,283 $ 414,728 (1) As of June 30, 2024, includes principal balance of $ 393.0 million and $ 24.3 million of paid in kind interest. (2) The conversion requirements were not satisfied as of June 30, 2024 and as a result, the 5.25 % Convertible senior unsecured notes (the “Convertible Notes”) will not be eligible for optional conversion during the third 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. (4) Current maturities of long-term debt are primarily related to outstanding working capital facilities of $ 91.7 million and $ 13.5 million in Türkiye and India, respectively.

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Cost of goods sold $ 197 $ 1,074 $ 890 $ 1,151 General and administrative expenses 965 2,894 2,798 5,374 Total share-based compensation expense $ 1,162 $ 3,968 $ 3,688 $ 6,525
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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) RSUs $ 991 $ 3,051 $ 2,905 $ 5,111 Stock options 172 297 414 451 PSUs ( 1 ) 620 369 963 Total share-based compensation expense $ 1,162 $ 3,968 $ 3,688 $ 6,525

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Components of Lease Cost	The components of lease cost were as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Total operating lease cost $ 12,170 $ 10,122 $ 19,423 $ 20,147 Finance lease cost Amortization of assets under finance leases $ 905 $ 1,039 $ 1,994 $ 2,048 Interest on finance leases 72 32 148 65 Total finance lease cost $ 977 $ 1,071 $ 2,142 $ 2,113
Schedule of Lease Assets and Liabilities	Total lease assets and liabilities were as follows: June 30, December 31, 2024 2023 (in thousands) Operating Leases Operating lease right of use assets $ 133,745 $ 136,124 Current operating lease liabilities $ 24,815 $ 22,017 Noncurrent operating lease liabilities 112,420 117,133 Total operating lease liabilities $ 137,235 $ 139,150 Finance Leases Property, plant and equipment, gross $ 36,694 $ 37,044 Less: accumulated depreciation ( 30,564 ) ( 29,316 ) Total property, plant and equipment, net $ 6,130 $ 7,728 Current maturities of long-term debt $ 992 $ 1,035 Long-term debt, net of current maturities 388 771 Total finance lease liabilities $ 1,380 $ 1,806
Other Information Related to Leases	Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2024 2023 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 19,044 $ 18,784 Operating cash flows from finance leases 148 65 Financing cash flows from finance leases 610 1,014

Net Loss Per Common Share (Tabl

Net Loss Per Common Share (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands, except per share data) Numerator: Net loss from continuing operations $ ( 61,496 ) $ ( 58,696 ) $ ( 122,375 ) $ ( 68,628 ) Preferred stock dividends and accretion — ( 15,598 ) — ( 30,771 ) Net loss from continuing operations attributable to common stockholders ( 61,496 ) ( 74,294 ) ( 122,375 ) ( 99,399 ) Net loss from discontinued operations ( 29,593 ) ( 6,541 ) ( 30,182 ) ( 18,736 ) Net loss attributable to common stockholders $ ( 91,089 ) $ ( 80,835 ) $ ( 152,557 ) $ ( 118,135 ) Denominator: Basic weighted-average shares outstanding 47,504 42,517 47,354 42,386 Effect of dilutive awards — — — — Diluted weighted-average shares outstanding 47,504 42,517 47,354 42,386 Loss from continuing operations per common share: Basic $ ( 1.30 ) $ ( 1.75 ) $ ( 2.58 ) $ ( 2.35 ) Diluted $ ( 1.30 ) $ ( 1.75 ) $ ( 2.58 ) $ ( 2.35 ) Loss from discontinued operations per common share: Basic $ ( 0.62 ) $ ( 0.15 ) $ ( 0.64 ) $ ( 0.44 ) Diluted $ ( 0.62 ) $ ( 0.15 ) $ ( 0.64 ) $ ( 0.44 ) Loss per common share: Basic $ ( 1.92 ) $ ( 1.90 ) $ ( 3.22 ) $ ( 2.79 ) Diluted $ ( 1.92 ) $ ( 1.90 ) $ ( 3.22 ) $ ( 2.79 ) Dilutive shares excluded from the calculation 577 292 346 485 Anti-dilutive share-based compensation awards 487 76 790 75

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	6 Months Ended
	Jun. 30, 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: Six Months Ended June 30, 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 ) Other comprehensive income before reclassifications ( 147 ) — ( 147 ) Amounts reclassified from AOCL — — — Net tax effect — — — Net current period other comprehensive income ( 147 ) — ( 147 ) Balance at June 30, 2024 $ ( 9,032 ) $ — $ ( 9,032 ) Six Months Ended June 30, 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 ) Other comprehensive income before reclassifications ( 816 ) 1,943 1,127 Amounts reclassified from AOCL — ( 58 ) ( 58 ) Net tax effect — — — Net current period other comprehensive income ( 816 ) 1,885 1,069 Balance at June 30, 2023 $ ( 9,651 ) $ ( 2,657 ) $ ( 12,308 )

Concentration of Customers (Tab

Concentration of Customers (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 Customer Net sales % of T otal Net sales % of T otal Net sales % of T otal Net sales % of T otal Nordex $ 108,658 35.1 % $ 114,641 30.7 % $ 215,353 35.7 % $ 253,650 33.0 % GE 94,722 30.6 98,923 26.4 194,788 32.3 180,179 23.5 Vestas 86,634 28.0 133,725 35.8 150,334 24.9 277,387 36.1
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: June 30, December 31, 2024 2023 Customer % of Total % of Total Nordex 62.4 % 61.5 % Enercon 15.6 17.6 GE 11.2 11.5

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables set forth certain information regarding each of our segments: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 (in thousands) Net sales by segment: U.S. $ 2,558 $ 9,110 $ 6,760 $ 14,469 Mexico 159,311 166,978 311,769 321,618 EMEA 104,877 134,580 201,505 302,093 India 43,071 63,353 83,829 129,646 Total net sales $ 309,817 $ 374,021 $ 603,863 $ 767,826 Net sales by geographic location: United States $ 2,558 $ 9,110 $ 6,760 $ 14,469 Mexico 159,311 166,978 311,769 321,618 Türkiye 104,828 133,194 199,675 300,312 Spain 49 1,386 1,830 1,781 India 43,071 63,353 83,829 129,646 Total net sales $ 309,817 $ 374,021 $ 603,863 $ 767,826 Income (loss) from continuing operations: U.S. (1) $ ( 8,884 ) $ ( 3,446 ) $ ( 15,661 ) $ ( 7,418 ) Mexico ( 24,513 ) ( 63,942 ) ( 51,958 ) ( 81,961 ) EMEA ( 5,817 ) 5,537 ( 10,129 ) 20,934 India 2,199 6,200 2,635 9,965 Total loss from continuing operations $ ( 37,015 ) $ ( 55,651 ) $ ( 75,113 ) $ ( 58,480 ) June 30, December 31, 2024 2023 (in thousands) Property, plant and equipment, net: U.S. $ 9,573 $ 10,660 Mexico 46,227 49,921 EMEA 39,481 40,435 India 25,506 27,792 Total property, plant and equipment, net $ 120,787 $ 128,808 (1) The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 9.2 million and $ 17.6 million, respectively, for the three and six months ended June 30, 2024 , and $ 6.8 million and $ 13.8 million, respectively, in the comparative prior year periods.

Discontinued Operations (Additi

Discontinued Operations (Additional Information) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charge of property and equipment	$ 19.7
Loss on sale of discontinued operations	$ 5.6

Discontinued Operations - Sched

Discontinued Operations - Schedule Of discontinued major classes of assets and liabilities (Details) - Segment Discontinued Operations - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 726	$ 916
Property, plant and equipment, net		14,204
Other classes of assets	141	4,187
Total assets of discontinued operations	867	19,307
Accounts payable and accrued expenses	1,021	3,529
Accrued restructuring	756	1,183
Total liabilities of discontinued operations	1,777	4,712
APAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	726	916
Property, plant and equipment, net		0
Other classes of assets	141	604
Total assets of discontinued operations	867	1,520
Accounts payable and accrued expenses	1,021	1,632
Accrued restructuring	756	1,183
Total liabilities of discontinued operations	1,777	2,815
Automotive
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	0	0
Property, plant and equipment, net		14,204
Other classes of assets	0	3,583
Total assets of discontinued operations	0	17,787
Accounts payable and accrued expenses	0	1,897
Accrued restructuring	0	0
Total liabilities of discontinued operations	$ 0	$ 1,897

Discontinued Operations - Sch_2

Discontinued Operations - Schedule Of Components Of Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 309,817	$ 374,021	$ 603,863	$ 767,826
Cost of sales	313,562	411,461	613,057	795,512
Gross loss	(24,423)	(40,817)	(52,101)	(33,043)
General and administrative expenses	(9,211)	(6,767)	(17,614)	(13,801)
Loss on sale of assets and asset impairments	(3,083)	(5,819)	(4,918)	(9,412)
Loss on sale of discontinued operations			5,560	0
Restructuring charges, net	298	2,248	480	2,224
Loss from continuing operations	(37,015)	(55,651)	(75,113)	(58,480)
Total other income	(22,069)	(2,758)	(41,608)	(6,032)
Loss before income taxes	(59,084)	(58,409)	(116,721)	(64,512)
Income tax provision	2,412	287	5,654	4,116
Net income loss from discontinued operations	(29,593)	(6,541)	(30,182)	(18,736)
Segment Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	7,270	7,284	12,286	19,712
Cost of sales	11,322	15,473	18,965	36,539
Gross loss	(4,052)	(8,189)	(6,679)	(16,827)
General and administrative expenses			(1,704)
Loss on sale of assets and asset impairments	19,712	(256)	19,369	1,921
Loss on sale of discontinued operations	5,560		5,560
Restructuring charges, net	465	2	465	1,559
Loss from continuing operations	(29,789)	(7,935)	(30,369)	(20,307)
Total other income	241	1,412	279	1,620
Loss before income taxes	(29,548)	(6,523)	(30,090)	(18,687)
Income tax provision	(45)	(18)	(92)	(49)
Net income loss from discontinued operations	(29,593)	(6,541)	(30,182)	(18,736)
Segment Discontinued Operations | APAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	0	34	0	2,201
Cost of sales	17	1,667	71	7,403
Gross loss	(17)	(1,633)	(71)	(5,202)
General and administrative expenses			0
Loss on sale of assets and asset impairments	0	(256)	(338)	1,921
Loss on sale of discontinued operations	0		0
Restructuring charges, net	0	2	0	1,460
Loss from continuing operations	(17)	(1,379)	267	(8,583)
Total other income	54	1,317	99	1,540
Loss before income taxes	37	(62)	366	(7,043)
Income tax provision	0	0	0	0
Net income loss from discontinued operations	37	(62)	366	(7,043)
Segment Discontinued Operations | Automotive
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	7,270	7,250	12,286	17,511
Cost of sales	11,305	13,806	18,894	29,136
Gross loss	(4,035)	(6,556)	(6,608)	(11,625)
General and administrative expenses			(1,704)
Loss on sale of assets and asset impairments	19,712	0	19,707	0
Loss on sale of discontinued operations	5,560		5,560
Restructuring charges, net	465	0	465	99
Loss from continuing operations	(29,772)	(6,556)	(30,636)	(11,724)
Total other income	187	95	180	80
Loss before income taxes	(29,585)	(6,461)	(30,456)	(11,644)
Income tax provision	(45)	(18)	(92)	(49)
Net income loss from discontinued operations	$ (29,630)	$ (6,479)	$ (30,548)	$ (11,693)

Discontinued Operations - Sch_3

Discontinued Operations - Schedule of Discontinued Operations Cash Flow Activity (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Additional non-cash items related to operating activities from discontinued operations:
Share-based compensation expense	$ 3,640	$ 6,703
Segment Discontinued Operations
Net cash used in operating activities from discontinued operations	2,625	(7,852)
Net cash used in investing activities from discontinued operations	(3,387)	(364)
Additional non-cash items related to operating activities from discontinued operations:
Share-based compensation expense	(74)	177
Depreciation and amortization	$ 457	$ 1,657

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation Of Revenue [Line Items]
Net sales	$ 309,817	$ 374,021	$ 603,863	$ 767,826
U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	2,558	9,110	6,760	14,469
Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	159,311	166,978	311,769	321,618
EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	104,877	134,580	201,505	302,093
India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	43,071	63,353	83,829	129,646
Wind Blade, Tooling and Other Wind Related Sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	304,290	362,734	593,195	750,326
Wind Blade, Tooling and Other Wind Related Sales [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	0	0	0	0
Wind Blade, Tooling and Other Wind Related Sales [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	158,844	166,767	311,205	321,229
Wind Blade, Tooling and Other Wind Related Sales [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	102,375	132,614	198,161	299,451
Wind Blade, Tooling and Other Wind Related Sales [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	43,071	63,353	83,829	129,646
Field Service, Inspection and Repair Services Sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	5,527	11,287	10,668	17,500
Field Service, Inspection and Repair Services Sales [Member] | U.S. Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	2,558	9,110	6,760	14,469
Field Service, Inspection and Repair Services Sales [Member] | Mexico Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	467	211	564	389
Field Service, Inspection and Repair Services Sales [Member] | EMEA Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	2,502	1,966	3,344	2,642
Field Service, Inspection and Repair Services Sales [Member] | India Segment [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0

Revenue From Contracts with C_4

Revenue From Contracts with Customers - Summary of Contract Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Gross contract assets	$ 146,301	$ 121,483
Less: reclassification from contract liabilities	(35,073)	(9,246)
Contract assets	111,228	$ 112,237
Gross contract assets, Change	24,818
Less: reclassification from contract liabilities, Change	(25,827)
Contract assets, Change	$ (1,009)

Revenue From Contracts with C_5

Revenue From Contracts with Customers - Summary of Contract Liabilities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Gross contract liabilities	$ 39,481	$ 33,267
Less: reclassification to contract assets	(35,073)	(9,246)
Contract liabilities	4,408	$ 24,021
Gross contract liabilities, Change	6,214
Less: reclassification to contract assets, Change	(25,827)
Contract liabilities, Change	$ (19,613)

Revenue From Contracts with C_6

Revenue From Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contracts with Customers [Line Items]
Increase in contract assets			$ 24,800
Decrease in contract liabilities			6,200
Transaction price allocated to remaining performance obligations to be satisfied in future periods	$ 1,034,051		1,034,051
Net revenue recognized from performance obligations satisfied in previous periods, decrease amount	$ 14,600	$ 11,200	20,000	$ 15,500
Precision Molding And Assembly Systems And Wind Blades [Member]
Revenue from Contracts with Customers [Line Items]
Contract liability revenue recognized			$ 19,600

Revenue From Contracts with C_7

Revenue From Contracts with Customers - Schedule of Estimate to Recognize Remaining Performance Obligations as Revenue (Detail) $ in Thousands	Jun. 30, 2024 USD ($)
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Total remaining performance obligations	$ 1,034,051
% 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	$ 633,957
% of Total remaining performance obligations	61.30%
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	$ 400,094
% of Total remaining performance obligations	38.70%
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)	Jun. 30, 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 ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Cash in short-term deposits in interest bearing accounts	$ 8,451,000	$ 10,838,000
Cash and Cash Equivalents, at Carrying Value, Total	101,861,000	161,059,000	$ 170,096,000	$ 133,546,000
U.S. [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	87,100,000	116,000,000
Cash in short-term deposits in interest bearing accounts	8,500,000	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	5,000,000	40,600,000
Mexico [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	2,500,000	1,200,000
India [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	5,700,000	1,900,000
Other Countries [Member]
Concentration Risk [Line Items]
Cash in bank deposit and money market accounts	1,600,000	1,300,000
Unrestricted Cash [Member] | Segment Discontinued Operations | Other Countries [Member]
Concentration Risk [Line Items]
Cash and Cash Equivalents, at Carrying Value, Total	$ 700,000	$ 900,000

Accrued Warranty - Schedule of

Accrued Warranty - Schedule of Warranty Accrual Activity (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Product Warranties Disclosures [Abstract]
Warranty accrual at beginning of period	$ 37,500	$ 22,973	$ 37,483	$ 22,347
Accrual during the period	2,895	3,225	5,486	6,078
Cost of warranty services provided during the period	(6,262)	(9,570)	(16,867)	(13,834)
Changes in estimate for pre-existing warranties, including expirations during the period and foreign exchange impact	(133)	32,660	7,898	34,697
Warranty accrual at end of period	$ 34,000	$ 49,288	$ 34,000	$ 49,288

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt, Net of Current Maturities (Detail) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total long-term debt		$ 659,738	$ 606,140
Less: Debts issuance cost		(3,550)	(4,023)
Less: Debt discount	[1]	(101,742)	(116,924)
Total debt, net of debt issuance costs and debt discount		554,446	485,193
Less: Current maturities of long-term debt	[2]	(106,163)	(70,465)
Long-term debt, net of current maturities		448,283	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	[3]	417,349	395,041
Convertible Senior Unsecured Notes [Member] | U.S. [Member]
Debt Instrument [Line Items]
Total long-term debt	[4]	132,500	132,500
Unsecured Financing [Member] | EMEA [Member]
Debt Instrument [Line Items]
Total long-term debt		95,049	62,891
Secured And Unsecured Working Capital Loans [Member] | India [Member]
Debt Instrument [Line Items]
Total long-term debt		13,460	13,902
Equipment Finance Lease [Member] | EMEA [Member]
Debt Instrument [Line Items]
Total long-term debt		533	623
Equipment Finance Lease [Member] | Mexico [Member]
Debt Instrument [Line Items]
Total long-term debt		729	1,098
Other Equipment Finance Lease [Member]
Debt Instrument [Line Items]
Total long-term debt		$ 118	$ 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. Current maturities of long-term debt are primarily related to outstanding working capital facilities of $ 91.7 million and $ 13.5 million in Türkiye and India, respectively. As of June 30, 2024, includes principal balance of $ 393.0 million and $ 24.3 million of paid in kind interest. The conversion requirements were not satisfied as of June 30, 2024 and as a result, the 5.25 % Convertible senior unsecured notes (the “Convertible Notes”) will not be eligible for optional conversion during the third 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		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Convertible senior unsecured notes		5.25%
Paid in kind interest		$ 22,308	$ 0
Unamortized debt discount	[1]	101,742		$ 116,924
Turkiye [Member]
Debt Instrument [Line Items]
Working capital debt facilities		91,700
India [Member]
Debt Instrument [Line Items]
Working capital debt facilities		13,500
Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Aggregate principal amount of commitments		393,000
Paid in kind interest		24,300
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)	6 Months Ended
	Jun. 30, 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	722,534
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	66,261
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 1,162	$ 3,968	$ 3,688	$ 6,525
Cost of Goods Sold [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	197	1,074	890	1,151
General and Administrative Expenses [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 965	$ 2,894	$ 2,798	$ 5,374

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ 1,162	$ 3,968	$ 3,688	$ 6,525
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	991	3,051	2,905	5,111
Stock options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	172	297	414	451
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total share-based compensation expense	$ (1)	$ 620	$ 369	$ 963

Leases - Additional Information

Leases - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Total operating lease cost	$ 12,170	$ 10,122	$ 19,423	$ 20,147
Finance lease cost
Amortization of assets under finance leases	905	1,039	1,994	2,048
Interest on finance leases	72	32	148	65
Total finance lease cost	$ 977	$ 1,071	$ 2,142	$ 2,113

Leases - Schedule of Lease Asse

Leases - Schedule of Lease Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right of use assets	$ 133,745	$ 136,124
Current operating lease liabilities	24,815	22,017
Noncurrent operating lease liabilities	112,420	117,133
Total operating lease liabilities	137,235	139,150
Property, plant and equipment, gross	36,694	37,044
Less: accumulated depreciation	(30,564)	(29,316)
Total property, plant and equipment, net	$ 6,130	$ 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	$ 992	$ 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	$ 388	$ 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	$ 1,380	$ 1,806

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments under Noncancelable Leases (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Operating Leases Abstract
Total lease liabilities	$ 137,235	$ 139,150
Finance Leases Abstract
Total lease liabilities	$ 1,380	$ 1,806

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 19,044	$ 18,784
Operating cash flows from finance leases	148	65
Financing cash flows from finance leases	$ 610	$ 1,014

Financial Instruments - Schedul

Financial Instruments - Schedule of Pretax Amounts Reclassified From Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 313,562	$ 411,461	$ 613,057	$ 795,512

Restructuring Charges, net - Sc

Restructuring Charges, net - Schedule of Restructuring Charges, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Total restructuring charges, net	$ 298	$ 2,248	$ 480	$ 2,224

Restructuring Charges, net - Ad

Restructuring Charges, net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 298	$ 2,248	$ 480	$ 2,224

Restructuring Charges, net - Su

Restructuring Charges, net - Summary of Restructuring Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 298	$ 2,248	$ 480	$ 2,224

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Tax Credit Carryforward [Line Items]
Income tax provision	$ 2,412	$ 287	$ 5,654	$ 4,116

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net loss from continuing operations	$ (61,496)	$ (58,696)	$ (122,375)	$ (68,628)
Preferred stock dividends and accretion	0	(15,598)	0	(30,771)
Net loss from continuing operations attributable to common stockholders	(61,496)	(74,294)	(122,375)	(99,399)
Net loss from discontinued operations	(29,593)	(6,541)	(30,182)	(18,736)
Net loss attributable to common stockholders	$ (91,089)	$ (80,835)	$ (152,557)	$ (118,135)
Basic weighted-average shares outstanding	47,504	42,517	47,354	42,386
Effect of dilutive awards	0	0	0	0
Diluted weighted-average shares outstanding	47,504	42,517	47,354	42,386
Loss from continuing operations per common share:
Basic	$ (1.3)	$ (1.75)	$ (2.58)	$ (2.35)
Diluted	(1.3)	(1.75)	(2.58)	(2.35)
Loss from discontinued operations per common share:
Basic	(0.62)	(0.15)	(0.64)	(0.44)
Diluted	(0.62)	(0.15)	(0.64)	(0.44)
Loss per common share:
Basic	(1.92)	(1.9)	(3.22)	(2.79)
Diluted	$ (1.92)	$ (1.9)	$ (3.22)	$ (2.79)
Dilutive shares excluded from the calculation due to net losses in the period	577	292	346	485
Anti dilutive share-based compensation awards that would be excluded from the calculation if income was reported in the period	487	76	790	75

Net Loss Per Common Share (Addi

Net Loss Per Common Share (Additional Information) (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 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' Deficit - Schedul

Stockholders' Deficit - Schedule of Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	$ (184,067)	$ (122,304)	$ (3,216)	$ 50,487
Net current period other comprehensive income	(147)	(1,258)	1,069	2,010
Ending balance	(274,259)	(184,067)	(79,089)	(3,216)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(8,885)	(7,627)	(8,835)	(10,845)
Other comprehensive income before reclassifications	(147)	(1,258)	(816)	2,010
Amounts reclassified from AOCL	0	0	0	0
Net tax effect	0	0	0	0
Net current period other comprehensive income	(147)	(1,258)	(816)	2,010
Ending balance	(9,032)	(8,885)	(9,651)	(8,835)
Foreign Exchange Forward Contract [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	0	0	(4,542)	(4,542)
Other comprehensive income before reclassifications	0	0	1,943	0
Amounts reclassified from AOCL	0	0	(58)	0
Net tax effect	0	0	0	0
Net current period other comprehensive income	0	0	1,885	0
Ending balance	0	0	(2,657)	(4,542)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(8,885)	(7,627)	(13,377)	(15,387)
Other comprehensive income before reclassifications	(147)	(1,258)	1,127	2,010
Amounts reclassified from AOCL	0	0	(58)	0
Net tax effect	0	0	0	0
Net current period other comprehensive income	(147)	(1,258)	1,069	2,010
Ending balance	$ (9,032)	$ (8,885)	$ (12,308)	$ (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]	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Concentration Risk [Line Items]
Net sales	$ 309,817	$ 374,021	$ 603,863	$ 767,826
Sales Revenues [Member] | Vestas [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 86,634	$ 133,725	$ 150,334	$ 277,387
Percentage of Total	28%	35.80%	24.90%	36.10%
Sales Revenues [Member] | GE [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 94,722	$ 98,923	$ 194,788	$ 180,179
Percentage of Total	30.60%	26.40%	32.30%	23.50%
Sales Revenues [Member] | Nordex [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Net sales	$ 108,658	$ 114,641	$ 215,353	$ 253,650
Percentage of Total	35.10%	30.70%	35.70%	33%

Concentration of Customers - _2

Concentration of Customers - Schedule of Trade Accounts Receivable from Certain Customers (Detail) - Accounts Receivable [Member] - Customer Concentration Risk [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Nordex [Member]
Concentration Risk [Line Items]
Percentage of Total	62.40%	61.50%
Enercon [Member]
Concentration Risk [Line Items]
Percentage of Total	15.60%	17.60%
GE [Member]
Concentration Risk [Line Items]
Percentage of Total	11.20%	11.50%

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2024 Segment
Segment Reporting [Abstract]
Number of operating segments	4

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net sales		$ 309,817	$ 374,021	$ 603,863	$ 767,826
Loss from continuing operations		(37,015)	(55,651)	(75,113)	(58,480)
Total property, plant and equipment, net		120,787		120,787		$ 128,808
U.S. [Member]
Segment Reporting Information [Line Items]
Net sales		2,558	9,110	6,760	14,469
Mexico [Member]
Segment Reporting Information [Line Items]
Net sales		159,311	166,978	311,769	321,618
Turkey [Member]
Segment Reporting Information [Line Items]
Net sales		104,828	133,194	199,675	300,312
Spain [Member]
Segment Reporting Information [Line Items]
Net sales		49	1,386	1,830	1,781
India [Member]
Segment Reporting Information [Line Items]
Net sales		43,071	63,353	83,829	129,646
U.S. Segment [Member]
Segment Reporting Information [Line Items]
Net sales		2,558	9,110	6,760	14,469
Loss from continuing operations	[1]	(8,884)	(3,446)	(15,661)	(7,418)
Total property, plant and equipment, net		9,573		9,573		10,660
Mexico Segment [Member]
Segment Reporting Information [Line Items]
Net sales		159,311	166,978	311,769	321,618
Loss from continuing operations		(24,513)	(63,942)	(51,958)	(81,961)
Total property, plant and equipment, net		46,227		46,227		49,921
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Net sales		104,877	134,580	201,505	302,093
Loss from continuing operations		(5,817)	5,537	(10,129)	20,934
Total property, plant and equipment, net		39,481		39,481		40,435
India Segment [Member]
Segment Reporting Information [Line Items]
Net sales		43,071	63,353	83,829	129,646
Loss from continuing operations		2,199	$ 6,200	2,635	$ 9,965
Total property, plant and equipment, net		$ 25,506		$ 25,506		$ 27,792
[1] The losses from operations in our U.S. segment includes corporate general and administrative costs of $ 9.2 million and $ 17.6 million, respectively, for the three and six months ended June 30, 2024 , and $ 6.8 million and $ 13.8 million, respectively, in the comparative prior year periods.

Segment Reporting - Schedule _2

Segment Reporting - Schedule of Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
General and administrative costs	$ 9,211	$ 6,767	$ 17,614	$ 13,801
U.S. Segment [Member]
Segment Reporting Information [Line Items]
General and administrative costs	$ 9,200	$ 6,800	$ 17,600	$ 13,800