Array (ARRY) 10-Q 12 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 05, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-39613
Entity Registrant Name	ARRAY TECHNOLOGIES, INC.
Entity Central Index Key	0001820721
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-2747826
Entity Address, Address Line One	3901 Midway Place NE
Entity Address, City or Town	Albuquerque
Entity Address, State or Province	NM
Entity Address, Postal Zip Code	87109
City Area Code	(505)
Local Phone Number	881-7567
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	ARRY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		126,994,467

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 17,682	$ 108,441
Accounts receivable, net	153,610	118,694
Inventories, net	137,666	118,459
Income tax receivables	9,657	17,158
Prepaid expenses and other	11,597	12,423
Total current assets	330,212	375,175
Property, plant and equipment, net	9,763	9,774
Goodwill	69,727	69,727
Other intangible assets, net	186,507	198,260
Other assets	26,109	3,088
Total assets	622,318	656,024
Current Liabilities
Accounts payable	81,377	82,755
Accounts payable - related party	610	2,232
Accrued expenses and other	19,129	29,164
Accrued warranty reserve	2,968	3,049
Income tax payable	0	8,814
Deferred revenue	51,458	149,821
Current portion of contingent consideration	1,908	8,955
Current portion of term loan	4,300	4,313
Other current liabilities	6,379	0
Total current liabilities	168,129	289,103
Long-term liabilities
Deferred tax liability	14,472	13,114
Contingent consideration, net of current portion	10,108	10,736
Other long-term liabilities	4,273	0
Long-term debt, net of current portion, debt discount and issuance costs	493,945	423,970
Total long-term liabilities	522,798	447,820
Total liabilities	690,927	736,923
Commitments and contingencies (Note 12)
Preferred stock of 0.001 par value - 5,000,000 shares authorized; none issued as of June 30, 2021 and December 31, 2020	0	0
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 126,994,467 shares issued as of June 30, 2021 and December 31, 2020	127	127
Additional paid-in capital	149,893	140,473
Accumulated deficit	(218,629)	(221,499)
Total stockholders’ deficit	(68,609)	(80,899)
Total liabilities and stockholders’ deficit	$ 622,318	$ 656,024

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) - (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.001	$ 0.001
Authorized preferred stock (in shares )	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Authorized common stock (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued	126,994,467	126,994,467

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 202,796	$ 114,916	$ 448,728	$ 552,634
Cost of revenue	176,009	92,714	378,083	412,016
Gross profit	26,787	22,202	70,645	140,618
Operating expenses
General and administrative	15,113	11,192	39,786	22,899
Contingent consideration	(13)	3,430	135	2,417
Depreciation and amortization	5,981	6,369	11,965	12,743
Total operating expenses	21,081	20,991	51,886	38,059
Income from operations	5,706	1,211	18,759	102,559
Other expense
Other expense, net	(122)	(2,242)	(200)	(2,134)
Interest expense	(6,651)	(2,411)	(15,660)	(7,640)
Total other expense	(6,773)	(4,653)	(15,860)	(9,774)
Income (loss) before income tax expense	(1,067)	(3,442)	2,899	92,785
Income tax expense (benefit)	(1,050)	(5,834)	29	16,708
Net income (loss)	$ (17)	$ 2,392	$ 2,870	$ 76,077
Earnings (loss) per share
Basic (in dollars per share)	$ 0	$ 0.02	$ 0.02	$ 0.63
Diluted (in dollars per share)	$ 0	$ 0.02	$ 0.02	$ 0.63
Weighted average number of shares
Basic (in shares)	126,994	119,994	126,994	119,994
Diluted (in shares)	126,994	119,994	127,203	119,994

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Member’s Equity/Stockholders’ Deficit (unaudited) - USD ($) shares in Thousands, $ in Thousands		Total	Common Stock	Additional paid-in capital	Retained earnings	Units
Beginning units balance (in shares) at Dec. 31, 2019	[1]					1
Beginning balance at Dec. 31, 2019						$ 305,151
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation						2,411
Net Income		$ 76,077				$ 76,077
Ending units balance (in shares) at Jun. 30, 2020	[1],[2]					1
Ending balance at Jun. 30, 2020						$ 383,639
Beginning units balance (in shares) at Mar. 31, 2020	[2]					1
Beginning balance at Mar. 31, 2020						$ 380,594
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation						653
Net Income		2,392				$ 2,392
Ending units balance (in shares) at Jun. 30, 2020	[1],[2]					1
Ending balance at Jun. 30, 2020						$ 383,639
Beginning shares balance (in shares) at Dec. 31, 2020			126,994
Stockholders' equity beginning balance at Dec. 31, 2020		(80,899)	$ 127	$ 140,473	$ (221,499)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation		9,420		9,420
Net Income		2,870			2,870
Ending shares balance (in shares) at Jun. 30, 2021			126,994
Stockholders' equity ending balance at Jun. 30, 2021		(68,609)	$ 127	149,893	(218,629)
Stockholders' equity beginning balance at Mar. 31, 2021		(70,115)	$ 127	148,370	(218,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation		1,523		1,523
Net Income		(17)			(17)
Ending shares balance (in shares) at Jun. 30, 2021			126,994
Stockholders' equity ending balance at Jun. 30, 2021		$ (68,609)	$ 127	$ 149,893	$ (218,629)
[1]	See note 2 - Summary of Significant Accounting Policies - corporate conversion and stock split.
[2]	See note 2 - Summary of Significant Accounting Policies - corporate conversion and stock split

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of Cash Flows [Abstract]
Net Income	$ 2,870	$ 76,077
Adjustments to reconcile net income to net cash used in operating activities:
Provision for (recovery of) bad debts	(551)	223
Deferred tax benefit	1,358	(1,376)
Depreciation and amortization	12,964	13,724
Amortization of debt discount and issuance costs	5,118	2,160
Interest paid-in-kind	0	3,073
Equity-based compensation	9,467	2,411
Contingent consideration	135	2,417
Warranty provision	425	597
Provision for inventory obsolescence	1,236	221
Changes in operating assets and liabilities
Accounts receivable	(34,365)	(2,590)
Inventories	(20,443)	42,523
Income tax receivables	7,501	(18,689)
Prepaid expenses and other	826	7,183
Accounts payable	(1,378)	(99,396)
Accounts payable - related party	(1,622)	0
Accrued expenses and other	(10,541)	(4,365)
Income tax payable	(8,814)	35,824
Lease liabilities	68	0
Deferred revenue	(98,363)	(307,917)
Net cash used in operating activities	(134,109)	(247,900)
Cash flows used in investing activities
Purchase of property, plant and equipment	(1,200)	(265)
Investment in equity security	(11,975)	0
Net cash used in investing activities	(13,175)	(265)
Cash flows from financing activities
Proceeds from revolving credit facility	102,000	4,330
Principal payments on term loan facility	(31,075)	(57,702)
Payments on related party loans	0	(21,736)
Contingent consideration	(7,810)	0
Debt issuance costs	(6,590)	0
Net cash provided by (used in) financing activities	56,525	(75,108)
Net decrease in cash, cash equivalents and restricted cash	(90,759)	(323,273)
Cash, cash equivalents and restricted cash, beginning of period	108,441	361,257
Cash, cash equivalents, and restricted cash, end of period	$ 17,682	$ 37,984

Organization and Business

Organization and Business	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business Array Technologies, Inc. (the “Company”) formerly ATI Intermediate Holdings, LLC, is a Delaware corporation formed in December 2018 as a wholly owned subsidiary of ATI Investment Parent, LLC (“Former Parent”). On October 14, 2020, the Company converted from a Delaware limited liability company to a Delaware corporation and changed the Company’s name to Array Technologies, Inc. The Company is headquartered in Albuquerque, New Mexico, and manufactures and supplies solar tracking systems and related products for customers across the United States and internationally. The Company, through its wholly-owned subsidiary, ATI Investment Holdings, Inc. (“ATI Investment”) owns two other subsidiaries through which it conducts substantially all operations; Array Tech, Inc. and Array Technologies Patent Holdings Co., LLC (collectively “AT”). The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The unaudited interim financial statements have been prepared on the same basis as the audited annual financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of results for the interim periods reported. The results for the three and six months ended June 30, 2021 are not necessarily indicative of results to be expected for the year ending December 31, 2021 or any other interim periods, or any future year or period. The balance sheet as of December 31, 2020 included herein was derived from the audited financial statements as of that date. Certain disclosures have been condensed or omitted from the interim financial statements. These financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s 10-K filed with SEC on March 10, 2021. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Recently Adopted Accounting Pronouncements On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02 (Topic 842) “Leases” which supersedes the lease recognition requirements in ASC Topic 840, “Leases” . Under ASU No. 2016-02, lessees are required to recognize assets and liabilities on the consolidated balance sheets for most leases and provide enhanced disclosures. For companies that are not emerging growth companies (“EGCs”), the ASU was effective for fiscal years beginning after December 15, 2018. For EGCs, the ASU is effective for fiscal years beginning after December 15, 2021. The Company early adopted the new standard using the modified retrospective method by recording a right-of-use asset of $13.2 million, short-term portion of lease liabilities of $6.3 million and long-term portion of lease liabilities of $7.2 million as of the effective date. Prior periods will not be restated and will continue to be reported under Topic 840 guidance in effect during those periods. The Company applied the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. The adoption did not have a material impact on its consolidated statements of operations or its consolidated statements of cash flows. See Note 13, Leases, for further information and disclosures related to the adoption of this standard. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU No. 2019-12”), which is intended to simplify various aspects of the accounting for income taxes. ASU No. 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. This standard is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted. The Company has adopted the pronouncement and it did not have a material impact on its consolidated financial statements and related disclosures. Corporate Conversion and Stock Split On October 14, 2020, prior to the issuance of any of our shares of common stock in our initial public offering (the “IPO”), we converted from a Delaware limited liability company to a Delaware corporation. In connection with the corporate conversion, we converted all 1,000 of our outstanding member units into 100,000,000 shares of common stock and then completed a stock split of 1.19994-for-1. The corporate conversion and stock split representing 119,994,467 shares of common stock have been adjusted retroactively for the purposes of calculating basic and diluted earnings per share. Principles of Consolidation The condensed consolidated financial statements include the accounts of Array Technologies, Inc. and its Subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates include impairment of goodwill, impairment of long-lived assets, fair value of contingent consideration, allowance for doubtful accounts, reserve for excess or obsolete inventories, valuation of deferred tax assets and warranty reserve. Due to the COVID-19 pandemic, there has been and will continue to be uncertainty and disruption in the global economy and financial markets. Management has made estimates and assumptions taking into consideration certain possible impacts due to COVID-19. These estimates may change, as new events occur, and additional information is obtained. Actual results may differ from previously estimated amounts, and such differences may be material to the condensed consolidated financial statements; however, management believes that these estimates and assumptions provide a reasonable basis for the fair presentation of the consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they occur. Impact of COVID-19 Pandemic In December 2019, a novel strain of coronavirus, SARS-CoV-2, which causes coronavirus disease 2019, or COVID-19, surfaced in Wuhan, China. Since then, COVID-19 has spread to multiple countries, including the United States. On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. Due to economic conditions our industry has seen rapid commodity price increases and strained logistics, causing us to experience temporary decreased margins and thus decreased cash from operations. We have taken, and continue to take, mitigating steps to overcome the economic challenges and, therefore, believe the impact to be temporary, but cannot be certain the timing of when we will achieve better margins. We have sufficient liquidity and financing options available, and we expect to have sufficient liquidity to operate for the next 12 months. The Company has implemented adjustments to its operations designed to keep employees safe and comply with federal, state and local guidelines, including those regarding social distancing. The extent to which COVID19 may further impact the Company’s business, results of operations, financial condition and cash flows will depend on future developments, which are highly uncertain and cannot be predicted with confidence. In response to COVID-19, the United States government has passed legislation and taken other actions to provide financial relief to companies and other organizations affected by the pandemic. Equity-Based Compensation On October 14, 2020, the Company’s 2020 Equity Incentive Plan (the “2020 Plan”) became effective. Under the 2020 Plan, the Company may grant (i) restricted stock units (RSU’s) to its employees and non-employee directors in connection with their service on the board of directors, and (ii) performance stock units (“PSUs”) to certain of its executive officers and members of management. The PSUs contain performance and market conditions. The RSUs are valued at the closing stock price on the date of grant and recognized on a straight-line basis over vesting term. The PSU grants were valued using the Monte Carlo simulation method and the assigned fair value on grant date will be recognized on a straight-line basis over the vesting term of the awards. The probability of the awards meeting the performance related vested conditions is not included in the grant date fair value, but rather will be estimated quarterly and the Company will true-up the expense recognition accordingly upon any probability to vest revision. The Company accounts for forfeitures as they occur. In the case of Class B units (the “Class B Units”) and Class C units (the “Class C Units” and, together with the Class B Units, the “Units”) of the Former Parent granted to certain employees and directors of the Company, the determination of the fair value of equity awards issued to employees of the Company was based upon the underlying share price and a number of assumptions, including volatility, performance period, risk-free interest rate and expected dividends. The Class B Units fully vested upon the completion of the Company’s follow-on offering of its common stock in March 2021 (the “2021 Follow-on Offering”) as it was considered a sale of the Former Parent and the Company recognized the remaining unamortized compensation expense of $6.3 million. New Accounting Standards To be adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): June 30, December 31, 2021 2020 Raw materials $ 46,993 $ 39,051 Finished goods 98,096 85,833 Reserve for excess or obsolete inventory (7,423) (6,425) Total $ 137,666 $ 118,459

Property, Plant, and Equipment

Property, Plant, and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consisted of the following (in thousands): Estimated Useful Lives (Years) June 30, December 31, 2021 2020 Land N/A $ 1,340 $ 1,340 Buildings and land improvements 15-39 2,486 2,486 Manufacturing equipment 7 13,513 13,261 Furniture, fixtures and equipment 5-7 477 443 Vehicles 5 161 140 Hardware and software 3-5 1,603 887 Machinery in progress 178 — Total 19,758 18,557 Less: accumulated depreciation (9,995) (8,783) Property, plant and equipment, net $ 9,763 $ 9,774 Depreciation expense was $0.6 million and $0.6 million for the three months ended June 30, 2021 and 2020, respectively, of which $0.5 million and $0.5 million, respectively, has been allocated to cost of revenue and $0.1 million and $0.1 million, respectively, is included in depreciation and amortization in the accompanying condensed consolidated statements of operations for the three months ended June 30, 2021 and 2020.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill Goodwill relates to the Former Parent’s acquisition of AT (the “Acquisition”) in 2016. As of July 8, 2016 (the “Acquisition Date”), goodwill was $121.6 million. As of June 30, 2021 and December 31, 2020 goodwill totaled $69.7 million, net of accumulated impairment of $51.9 million and is not deductible for tax purposes. Other Intangible Assets Other intangible assets consisted of the following (in thousands): Estimated Useful Lives (Years) June 30, December 31, 2021 2020 Amortizable: Costs: Developed technology 14 $ 203,800 $ 203,800 Customer relationships 10 89,500 89,500 Internal-use software modification 2.5 4,356 4,356 Total amortizable intangibles 297,656 297,656 Accumulated amortization: Developed technology 72,510 65,233 Customer relationships 44,583 40,107 Internal-use software modification costs 4,356 4,356 Total accumulated amortization 121,449 109,696 Total amortizable intangibles, net 176,207 187,960 Non-amortizable costs: Trade name 10,300 10,300 Total other intangible assets, net $ 186,507 $ 198,260 Amortization expense related to intangible assets amounted to $5.9 million for the three months ended June 30, 2021 and 2020, and $11.8 million for the six months ended June 30, 2021 and 2020, respectively.

Investment in Equity Security

Investment in Equity Security	6 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Investment in Equity Security	Investment in Equity SecurityThe Company made a $10.0 million and $2.0 million investment in preferred stock of a private company in February 2021 and April 2021, respectively. The investment is accounted for in accordance with ASC 321 at its cost less any impairment. The investment balance as of June 30, 2021 is $12.0 million and is recorded in other assets on the condensed consolidated balance sheet. There is no impairment recorded for the three and six months ended June 30, 2021.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company follows guidance under ASC Topic 740-270, Interim Reporting, which requires that an estimated annual effective tax rate is applied to year-to-date ordinary income. At the end of each interim period, the Company estimates the effective tax rate expected to be applicable for the full fiscal year. The tax effect of discrete items is recorded in the quarter in which the discrete events occur. The Company recorded income tax expense (benefit) of $(1.1) million and $(5.8) million for the three months ended June 30, 2021 and 2020, respectively, and income tax expense of $29 thousand and $16.7 million for the six months ended June 30, 2021 and 2020. The tax benefit in the three months ended June 30, 2021 is unfavorably impacted by non-deductible amounts for equity-based compensation and Follow-on Offering costs. The tax benefit in the three months ended June 30, 2020 was favorably impacted by a tax benefit related to an

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt June 30, December 31, 2021 2020 Term loan facility $ 428,925 $ 460,000 Revolving credit facility 102,000 — 530,925 460,000 Less discount and issuance costs (32,680) (31,717) Long term debt, net of debt discount and issuance costs 498,245 428,283 Less current portion of long-term debt (4,300) (4,313) Long-term debt, net of current portion, debt discount and issuance costs $ 493,945 $ 423,970 Senior Secured Credit Facility On October 14, 2020, the Company entered into a senior secured credit facility consisting of (i) a $575 million senior secured seven-year term loan facility (the “Term Loan Facility”) and (ii) a $150 million senior secured 5-year revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Secured Credit Facility”). As of June 30, 2021, the Term Loan Facility had a balance of $428.9 million. On February 23, 2021 the Company entered into the First Amendment (“First Amendment”) to its Senior Secured Credit Facility. The First Amendment, in the case of the Eurocurrency borrowings, lowers the London interbank offered rate floor to 50 basis points from 100 basis points and lowers the applicable margin to 325 basis points from 400 basis points per annum. This resulted in the current rate on the Term Loan Facility of 3.75%. On February 26, 2021, we entered into the incremental facility amendment No. 2 (the “Second Amendment”) to the Senior Secured Credit Facility. The Second Amendment increases the $150.0 million Revolving Credit Facility from $150.0 million to $200.0 million. The balance of the Term Loan Facility is presented in the accompanying condensed consolidated balance sheets net of debt discount and issuance costs of $32.7 million at June 30, 2021. The debt discount and issuance costs are being amortized using the effective interest method and the rate as of June 30, 2021 is 5.01%. The Term Loan Facility has an annual excess cash flow calculation beginning with the year ended December 31, 2021 which could require the Company to make advance principal payments. Revolving Credit Facility

Related Party Loan

Related Party Loan	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Loan	Related Party LoanThe Company had a senior secured promissory note, as amended, with a unit holder of Former Parent that had a balance, net of debt discount and issuance costs as of June 30, 2020 of $41.8 million for which the Company paid interest expense for the three and six months ended June 30, 2020 of $1.7 million and $3.5 million, which consisted of cash interest, PIK interest and amortization of the debt discount. The note was no longer outstanding as of June 30, 2021 and had no balance or interest expense for the three months ended June 30, 2021.Related Party Transactions Accounts Payable-Related Party The Company had $0.6 million and $2.2 million as of June 30, 2021 and December 31, 2020, respectively, of accounts payable - related party with the former shareholders of Array. The payables relate to a federal tax refund related to the pre-Acquisition periods, restricted cash at Acquisition Date which were due to the sellers of Array upon release of the restriction offset by a receivable related to a sales/use tax audit from the pre-Acquisition period for which the seller provided the Company with indemnification. Related Party Loan - see Note 9 Contingent Consideration - see Note 12

Revenue

Revenue	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Based on Topic 606 provisions, the Company disaggregates its revenue from contracts with customers by those sales recorded over-time and sales recorded at a point in time. The following table presents the Company’s revenue disaggregated by sales recorded over-time and sales recorded at a point in time (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Over-time revenue $ 189,622 $ 98,637 $ 421,475 $ 516,598 Point in time revenue 13,174 16,279 27,253 36,036 Total revenue $ 202,796 $ 114,916 $ 448,728 $ 552,634 Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the consolidated balance sheets. The majority of the Company’s contract amounts are billed as work progresses in accordance with agreed-upon contractual terms, which generally coincide with the shipment of one or more phases of the project. Billing sometimes occurs subsequent to revenue recognition, resulting in contract assets. The changes in contract assets (i.e. unbilled receivables) and the corresponding amounts recorded in revenue relate to fluctuations in the timing and volume of billings for the Company’s revenue recognized over-time. Contract assets consisting of unbilled receivables are recorded within accounts receivable on the consolidated balance sheets on a contract-by-contract basis at the end of the reporting period and consisted of the following (in thousands): June 30, 2021 December 31, 2020 Unbilled receivables $ 37,567 $ 18,073 The Company also receives advances or deposits from its customers, before revenue is recognized, resulting in contract liabilities. The changes in contract liabilities (i.e. deferred revenue) relate to advanced orders and payments received by the Company. Contract liabilities consisting of deferred revenue recorded on a contract-by-contract basis at the end of each reporting period were as follows (in thousands): June 30, 2021 December 31, 2020 Deferred revenue $ 51,458 $ 149,821 During the six months ended June 30, 2021, the Company converted $149.8 million deferred revenue to revenue which represented 100.0% of the prior years deferred revenue balance. Remaining Performance Obligations

Earnings (loss) per Share

Earnings (loss) per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings (loss) per Share	Earnings (loss) per Share The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts): Three Months Ended Six Months Ended 2021 2020 2021 2020 Net (loss) income $ (17) $ 2,392 $ 2,870 $ 76,077 Basic: Weighted-average shares 126,994 119,994 126,994 119,994 Earnings (loss) per share $ — $ 0.02 $ 0.02 $ 0.63 Diluted: Weighted-average shares 126,994 119,994 126,994 119,994 Equity compensation dilutive securities — — 209 — Weighted average dilutive shares 126,994 119,994 127,203 119,994 Earnings (loss) per share $ — $ 0.02 $ 0.02 $ 0.63 Potentially dilutive common shares issuable pursuant to equity-based awards were not included for the three months ended June 30, 2021 as their potential effect was anti-dilutive as the Company generated a net loss.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation The Company, in the normal course of business, is subject to claims and litigation. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company would accrue a liability for the estimated loss. On May 14, 2021, a putative class action was filed in the Southern District of New York against the Company and certain officers and directors alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5, promulgated thereunder, and Sections 11, 12(a)(2) and 15 of the Securities Exchange Act of 1933 (“Plymouth Action”). The Plymouth Action alleges misstatements and/or omissions in the Company’s registration statements and prospectuses related to the Company’s October 2020 initial public offering, the Company’s December 2020 offering, and the Company’s March 2021 offering during the putative class period of October 14, 2020 through May 11, 2021. Lead plaintiff motions were filed on July 13, 2021, and the Court is expected to appoint a lead plaintiff by August 12, 2021. The Court has not yet set a schedule for the filing of an amended complaint or defendants’ anticipated motion to dismiss. On June 30, 2021, a second putative class action was filed in the Southern District of New York against the Company and certain officers and directors alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5, promulgated thereunder, and Sections 11 and 15 of the Securities Exchange Act of 1933 alleging misstatements and/or omissions in certain of the Company’s registration statements and prospectuses related to the Company’s October 2020 initial public offering, the Company’s December 2020 offering, and the Company’s March 2021 offering during the putative class period of October 14, 2020 through May 11, 2021. On July 6, 2021, the Court entered an order, based on the record before the Court, that this action was in all material respects substantially similar to the Plymouth Action and both actions arise out of the same or similar operative facts, and that the parties are substantially the same parties. The Court consolidated this action with the Plymouth Action for all pretrial purposes, ordered all filings in connection with this Action to be made in the Plymouth Action, and removed this action from the docket. On July 16, 2021, a verified derivative complaint was filed against certain officers and directors of the Company. The complaint alleges: (1) violations of Section 14(a) of the Securities Exchange Act of 1934 for misleading proxy statements, (2) breach of fiduciary duty, (3) unjust enrichment, (4) abuse of control, (5) gross mismanagement, (6) corporate waste, (7) aiding and abetting breach of fiduciary duty, and (8) contribution under sections 10(b) and 21D of the Securities Exchange Act of 1934. On July 21, 2021, the Court entered an order, based on the record before the Court, that this action was in all material respects substantially similar to the Plymouth Action and both actions arise out of the same or similar operative facts, and that the parties are substantially the same parties. The Court consolidated this action with the Plymouth Action for all pretrial purposes, ordered all filings in connection with this Action to be made in the Plymouth Action, and removed this action from the docket. On July 30, 2021, a second and related verified derivative complaint was filed against certain officers and directors of the Company. The complaint alleges: (1) violations of Section 14(a) of the Securities Exchange Act of 1934 for causing the issuance of a false/misleading proxy statement, (2) breach of fiduciary duty, and (3) aiding and abetting breaches of fiduciary duty. The Court has not yet entered an order consolidating this case with the Plymouth case. At this time the Company believes that the likelihood of any material loss related to these matters is remote given the preliminary stage of the claims and strength of the Company’s defenses. The Company has not recorded any material loss contingency in the Condensed Consolidated Balance Sheets as of June 30, 2021. Contingent Consideration Taxes Receivable Agreement Concurrent with the Acquisition, Array Tech, Inc. (f/k/a Array Technologies, Inc.) entered into a Taxes Receivable Agreement (“TRA”) with the former majority shareholder of Array. The TRA is valued based on the future expected payments under the agreement. The TRA provides for the payment by Array Tech, Inc. to the former owners for certain federal, state, local and non-U.S. tax benefits deemed realized in post-closing taxable periods by Array, from the use of certain deductions generated by the increase in the tax value of the developed technology. The TRA is accounted for as contingent consideration and subsequent changes in fair value of the contingent liability are recognized in contingent consideration in the accompanying consolidated statements of operations. As of June 30, 2021 and December 31, 2020, the fair value of the TRA was $12.0 million and $19.7 million, respectively. Estimating the amount of payments that may be made under the TRA is by nature imprecise. The significant fair value inputs used to estimate the future expected TRA payments to the former owners include the timing of tax payments, a discount rate, book income projections, timing of expected adjustments to calculate taxable income and the projected rate of use for attributes defined in the TRA. Payments made under the TRA consider tax positions taken by the Company and are due within 125 days following the filing of the Company’s U.S. federal and state income tax returns under procedures described in the agreement. The current portion of the TRA liability is based on tax returns. The TRA will continue until all tax benefit payments have been made or the Company elects early termination under the terms described in the TRA. Earn-Out Liability The Company had a liability to the selling stockholders of Array for contingent consideration consisting of earn-out payments in the form of cash upon the occurrence of certain events, including the sale, transfer, assignment, pledge, encumbrance, distribution or disposition of shares held by the acquirer to a third party; initial public offering of the equity securities of Former Parent, acquirer or the Company; the sale of equity securities or assets of Former Parent, acquirer or the Company to a third-party; or a merger, consolidation, recapitalization or reorganization of Former Parent, acquirer or the Company. The maximum aggregate earn-out consideration was $25.0 million. The earn-out liability was paid off in the fourth quarter of the fiscal year ended December 31, 2020. The fair value of the earn-out liability was initially determined as of the Acquisition Date using unobservable inputs. These inputs include the estimated amount and timing of future cash flows, the probability of a qualifying event occurring, and a risk-free rate used to adjust the probability-weighted cash flows to their present value. Subsequent to the Acquisition Date, at each reporting period, the earn-out liability was re-measured to fair value with changes in fair value recorded in contingent consideration in the accompanying condensed consolidated statements of operations. The following table summarizes the liability related to the estimated contingent consideration (in thousands): TRA Earn-Out Liability Contingent Consideration Balance, March 31, 2021 $ 19,839 $ — $ 19,839 Payments (7,810) (7,810) Fair value adjustment (13) — (13) Balance, June 30, 2021 $ 12,016 $ — $ 12,016 Balance, March 31, 2020 $ 17,113 $ 124 $ 17,237 Fair value adjustment 1,732 1,698 3,430 Balance, June 30, 2020 $ 18,845 $ 1,822 $ 20,667 TRA Earn-Out Liability Contingent Consideration Balance, December 31, 2020 $ 19,691 $ — $ 19,691 Payments (7,810) — (7,810) Fair value adjustments 135 — 135 Balance, June 30, 2021 $ 12,016 $ — $ 12,016 Balance, December 31, 2019 $ 17,808 $ 442 $ 18,250 Fair value adjustment 1,037 1,380 2,417 Balance, June 30, 2020 $ 18,845 $ 1,822 $ 20,667

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Equity Incentive Plan On October 14, 2020, the Company’s 2020 Plan became effective. The 2020 Plan authorized 6,683,919 new shares, subject to adjustments pursuant to the 2020 Plan. In the six months ended June 30, 2021, the Company granted an aggregate of 513,463 RSU’s to employees and board of director members and 177,472 Performance Stock Units (PSUs) to certain executives. The PSUs cliff vest after three years and upon meeting certain revenue and adjusted EPS targets. The PSUs also contain a modifier based on the total stock return (TSR) compared to a certain Index which modifies the number of PSUs that vest. Activity under the 2020 Plan was as follows: Number of Shares Weighted Average Grant Date Fair Value RSU Unvested, December 31, 2020 500,006 $ 22.00 Granted 513,463 25.35 Vested — — Forfeited (43,045) 28.36 Unvested, June 30, 2021 970,424 $ 23.49 PSU Number of Shares Weighted Average Grant Date Fair Value Unvested, December 31, 2020 — $ — Granted 177,472 28.25 Vested — — Forfeited (14,379) 30.74 Unvested, June 30, 2021 163,093 $ 28.03 Class B Units The Company accounted for equity grants to employees of Class B Units of Former Parent (the “Units”) as equity-based compensation under ASC 718, Compensation-Stock Compensation . The Units contained vesting provisions as defined in the agreement. Equity-based compensation cost was measured at the grant date fair value and recognized on a straight-line basis over the requisite service period, including those units with graded vesting with a corresponding credit to additional paid-in capital as a capital contribution from Former Parent; however, the amount of equity-based compensation at any date is equal to the portion of the grant date value of the award that is vested. The Units issued to employees were measured at fair value on the grant date using an option pricing model. The Company utilizes the estimated weighted average of the Company’s expected fund life dependent on various exit scenarios to estimate the expected term of the awards. Expected volatility is based on the average of historical and implied volatility of a set of comparable companies, adjusted for size and leverage. The risk-free rates are based on the yields of U.S. Treasury instruments with comparable terms. Actual results may vary depending on the assumptions applied within the model. On March 23, 2021, in connection with the closing of the 2021 Follow-on Offering, all of the outstanding Class B Units of Former Parent were immediately vested per the terms of the equity awards, resulting in the Company accelerating the recognition of the remaining unamortized compensation expense of $6.3 million in the three months ended March 31, 2021. For the three and six months ended June 30, 2021, the Company recognized $4.1 million and $12.0 million in equity-based compensation, respectively. For the three and six months ended June 30, 2020, the Company recognized $0.7 million and $2.4 million in equity-based compensation, respectively. As of June 30, 2021, the Company had $19.1 million of unrecognized compensation costs which is expected to be recognized over a period of 2.5 years. There were 57,424 forfeitures during both of the three and six months ended June 30, 2021 and no forfeitures during the three and six month ended June 30, 2020.

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	Leases Effective January 1, 2021, the Company adopted ASC 842 Leases using the modified retrospective approach. The Company elected the use of the package of practical expedients permitted under the transition guidance which allows the Company not to reassess whether a contract contains a lease, carry forward the historical lease classification and not reassess initial direct lease costs. The Company also elected to apply the short-term measurement and recognition exemption in which the right-of-use (“ROU”) assets and lease liabilities are not recognized for short-term leases. Adoption of this standard resulted in recording of net operating lease ROU assets and corresponding operating lease liabilities of $13.2 million and $13.5 million, respectively. The standard did not materially affect the condensed consolidated statements of income and had no impact on the condensed consolidated statements of cash flows. The following table summarizes the balances as it relates to leases at the end of the period (in thousands): (*) June 30, 2021 ROU Asset Other assets $ 10,537 Lease liability, current portion Other current liabilities $ 6,379 Lease liability, long-term portion Other long-term liabilities 4,227 Total lease liability $ 10,606 (*) Location on the condensed consolidated balance sheet The Company determines if an arrangement is a lease at its inception. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Operating lease ROU assets also include any initial direct costs and prepayments less lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options. As the Company’s leases generally do not provide an implicit rate, the Company uses its collateralized incremental borrowing rate based on the information available at the lease commencement date, including lease term, in determining the present value of lease payments. Lease expense for these leases is recognized on a straight-line basis over the lease term. Operating lease arrangements are comprised primarily of real estate and equipment agreements for which the right-of-use assets are included in other assets and the corresponding lease liabilities, depending on their maturity, are included in accrued liabilities or other long-term liabilities in the condensed consolidated balance sheets. The details of the Company’s operating leases are as follows (in thousands): Three Months Ended June 30, 2021 Operating lease expense $ 1,651 Variable lease expense 91 Short-term lease expense — Total lease expense $ 1,742 The following table presents the maturities of lease liabilities as of June 30, 2021 (in thousands): Fiscal year ending June 30, Operating Leases 2021 $ 3,333 2022 6,071 2023 896 2024 794 2025 19 Thereafter — Total lease payments 11,113 Less: Imputed lease interest (507) Total lease liabilities $ 10,606 The following table represents future minimum lease obligations under non-cancelable operating leases as of December 31, 2020 (in thousands): Fiscal year ending December 31, Operating Leases 2021 $ 6,663 2022 6,073 2023 893 2024 791 2025 15 Thereafter — Total $ 14,435 The Company’s weighted-average remaining lease-term and weighted-average discount rate are as follows (in thousands): Three Months Ended June 30, 2021 Weighted average remaining lease-term 2.0 years Weighted average discount rate 5 % Supplemental cash flow and other information related to operating leases are as follows: Three Months Ended June 30, 2021 Operating cash flows from operating leases $ 1,465 Non cash investing activities: Lease liabilities arising from obtaining right-of-use assets as of January 1, 2021 $ 13,464

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party LoanThe Company had a senior secured promissory note, as amended, with a unit holder of Former Parent that had a balance, net of debt discount and issuance costs as of June 30, 2020 of $41.8 million for which the Company paid interest expense for the three and six months ended June 30, 2020 of $1.7 million and $3.5 million, which consisted of cash interest, PIK interest and amortization of the debt discount. The note was no longer outstanding as of June 30, 2021 and had no balance or interest expense for the three months ended June 30, 2021.Related Party Transactions Accounts Payable-Related Party The Company had $0.6 million and $2.2 million as of June 30, 2021 and December 31, 2020, respectively, of accounts payable - related party with the former shareholders of Array. The payables relate to a federal tax refund related to the pre-Acquisition periods, restricted cash at Acquisition Date which were due to the sellers of Array upon release of the restriction offset by a receivable related to a sales/use tax audit from the pre-Acquisition period for which the seller provided the Company with indemnification. Related Party Loan - see Note 9 Contingent Consideration - see Note 12

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events S ecurities Purchase Agreement On August 10, 2021, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with BCP Helios Aggregator L.P., a Delaware limited partnership (the “Purchaser”), an investment vehicle of funds affiliated with Blackstone Inc. Pursuant to the Securities Purchase Agreement, on August 11, 2021, the Company issued and sold to the Purchaser 350,000 shares of a newly designated Series A Perpetual Preferred Stock of the Company, par value $0.001 per share (the “Series A Perpetual Preferred Stock”), having the powers, designations, preferences, and other rights set forth in the Certificate of Designations (as defined below), and 7,098,765 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), for an aggregate purchase price of $346.0 million (the “Initial Closing”). Further, pursuant to the Securities Purchase Agreement, and subject to the terms and conditions set forth therein, including the expiry or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the Company has agreed to issue and sell to the Purchaser 776,235 shares of Common Stock for an aggregate purchase price of $776 . The Company intends to use the net proceeds from the Initial Closing to repay all of the outstanding amounts under the Company’s existing revolving credit facility and to prepay at least $100 million under the Company’s term loan and for general corporate purposes. Pursuant to the Securities Purchase Agreement, the Purchaser is entitled to designate one representative (the “Series A Director”) to be appointed to the Company’s board of directors (the “Board”), and to appoint three non-voting observers to the Board, in each case until such time as the Purchaser and its Permitted Transferees (as defined in the Securities Purchase Agreement) no longer beneficially own shares of the Series A Perpetual Preferred Stock with at least $100 million aggregate Liquidation Preference (as defined below). Dividends On or prior to the fifth anniversary of the Initial Closing, the Company may pay dividends on the Series A Perpetual Preferred Stock either in cash at the then-applicable Cash Regular Dividend Rate, through accrual to the Liquidation Preference at the Accrued Regular Dividend Rate (the “Permitted Accrued Dividends”), or a combination thereof. Folloing the fifth anniversary of the Initial Closing, dividends shall be payable only in cash. To the extent the Comany does not declare such dividends and pay in cash following the fifth anniversary of the Initial Closing, such dividends shall accrue to the Liquidation Preference (“Default Accrued Dividends”, and together with Permitted Accrued Dividends, “Accrued Dividends”) at the then-applicable Cash Regular Dividend Rate plus 200 basis points. In the event there are Default Accrued Dividends outstanding for six consecutive quarters, the Company, at the option of the holder of the Series A Perpetual Preferred Stock (each a “holder”), will pay 100% of the amount of Default Accrued Dividends by delivering to the Holder a number of shares of Common Stock equal to the quotient of (i) the amount of Default Accrued Dividends) divided by (ii) 95% of the 30-day VWAP of the Common Stock (“Non-Cash Dividend”). As used herein, “Cash Regular Dividend Rate” with respect to the Series A Perpetual Preferred Stock means (i) initially, 5.75% per annum on the Liquidation Preference and (ii) increased by (a) 50 basis points on each of the fifth, sixth and seventh anniversaries of the Initial Closing and (b) 100 basis points on each of the eighth, ninth and tenth anniversaries of the Initial Closing. The “Accrued Regular Dividend Rate” with respect to the Series A Perpetual Preferred Stock means 6.25% per annum on the Liquidation Preference. Additional Closings Pursuant to the Securities Purchase Agreement, until June 30, 2023, the Company, subject to the terms and conditions set forth therein, shall have the option to require the Purchaser to purchase, in the aggregate, in one or more additional closings (the “Additional Closings”), up to 150,000 shares (the “Delayed Draw Commitment”) of the Series A Perpetual Preferred Stock and up to 3,375,000 shares of Common Stock (or up to 6,100,000 shares of Common Stock in the event of certain price-related adjustments) (subject to certain equitable adjustments pursuant to any stock dividend, stock split, stock combination, reclassification or similar transaction) for an aggregate purchase price up to $148 million. Fees Until June 30, 2023, the Company will pay the Purchaser a cash commitment premium on the unpurchased portion of Delayed Draw Commitment as follows: a. 0% through the six-month anniversary of the Initial Closing; b. 1.5% from the six-month anniversary of the Initial Closing through the 12-month anniversary of the initial closing; and c. 3.0% from the 12-month anniversary of the Initial Closing through June 30, 2023. The Company may terminate some or all of the Delayed Draw Commitment, from time to time, at its sole discretion. Customary Covenants The Securities Purchase Agreement, Certificate of Designations and Registration Rights Agreement (as defined below) contain other customary covenants and agreements, including certain standstill provisions and customary preemptive rights. The Delayed Draw Commitment is subject to certain customary anti-dilution adjustments provided under the Securities Purchase Agreement and Certificate of Designations, including for stock splits, reclassifications, combination’s and dividends or distributions made by the Company on the Common Stock. Transfer Restrictions After the Initial Closing, subject to certain customary exceptions including transfers to Permitted Transferees (as defined in the Securities Purchase Agreement), the Purchaser will be restricted from transferring the Series A Perpetual Preferred Stock and Common Stock until the one-year anniversary of the Initial Closing. Ranking and Liquidation Preference The Series A Perpetual Preferred Stock ranks senior to the Common Stock with respect to dividend rights and rights upon the voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company (a “Liquidation”). Upon a Liquidation, each share of Series A Perpetual Preferred Stock would be entitled to receive an amount per share (the “Liquidation, Redemption or Repurchase Amount”) equal to the greater of (i) the Liquidation Preference of such share, plus all accrued and unpaid dividends (including any Accrued Dividends) thereon and (ii) an amount in cash equal to the sum of (a) 130.0% of the Initial Liquidation Preference of such share, minus (b) the cumulative amount of cash dividends paid in respect of such share prior to such payment. As used herein, “Liquidation Preference” means, with respect to any share of the Series A Perpetual Preferred Stock, the initial liquidation preference of $1,000 per share (the “Initial Liquidation Preference”) plus any Accrued Dividends of such share as of the time of determination. Redemption Rights The Company may redeem all or any portion of the Series A Perpetual Preferred Stock (in increments of not less than $200 million based on the Liquidation Preference of such shares of Series A Perpetual Preferred Stock to be redeemed at such time (or such lesser amount to the extent the Company chooses to redeem all of the outstanding shares of Series A Perpetual Preferred Stock)) for an amount in cash equal to the Liquidation, Redemption or Repurchase Amount. Upon a “Fundamental Change” (involving a change of control, bankruptcy, insolvency or liquidation of the Company as further described in the Certificate of Designations), each Holder shall have the right to require the Company to redeem all or any part of the Holder’s Series A Perpetual Preferred Stock for an amount in cash equal to the Liquidation, Redemption or Repurchase Amount. Voting and Consent Rights Each Holder of Series A Perpetual Preferred Stock will have one vote per share on any matter on which Holders of Series A Perpetual Preferred Stock are entitled to vote separately as a class (as described below), whether at a meeting or by written consent. The Holders of shares of Series A Perpetual Preferred Stock do not otherwise have any voting rights. The consent of the Holders of a majority of the outstanding shares of Series A Perpetual Preferred Stock will be required for so long as the Threshold Amount remains outstanding for (i) amendments to the Company’s organizational documents that have an adverse effect on the holders of Series A Perpetual Preferred Stock, (ii) issuances by the Company of securities that are senior to, or equal in priority with, the Series A Perpetual Preferred Stock, (iii) entrance into, or amendments to, transactions with affiliates of the Company, (iv) incurrence by the Company of indebtedness, unless the Consolidated Total Leverage Ratio (as defined in the Certificate of Designations) would not exceed 8.5-to-1 after giving effect to such incurrence (other than drawdowns by the Company under the Company’s current revolving credit facility) or (v) any payment of dividends or making of distributions on equity securities of the Company ranking junior to the Series A Perpetual Preferred Stock or redemptions, purchases or direct or indirect acquisitions of such equity securities ranking junior to or parity with the Series A Perpetual Preferred Stock by the Company, unless the Consolidated Total Leverage Ratio (as defined in the Certificate of Designations) would not exceed 8.5-to-1 after giving effect to such dividends, distributions, redemptions, purchases or acquisitions. Registration Rights Agreement In connection with the Securities Purchase Agreement, on August 10, 2021, the Company and the Purchaser entered into a Registration Rights Agreement (the “Registration Rights Agreement”) pursuant to which, among other things, the Company granted the Purchaser certain registration rights with respect to Common Stock purchased pursuant to the Securities Purchase Agreement and Non-Cash Dividend pursuant to the Certificate of Designations, including customary shelf registration rights and “piggyback” registration rights.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements and New Accounting Standards	Recently Adopted Accounting Pronouncements On January 1, 2021, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02 (Topic 842) “Leases” which supersedes the lease recognition requirements in ASC Topic 840, “Leases” . Under ASU No. 2016-02, lessees are required to recognize assets and liabilities on the consolidated balance sheets for most leases and provide enhanced disclosures. For companies that are not emerging growth companies (“EGCs”), the ASU was effective for fiscal years beginning after December 15, 2018. For EGCs, the ASU is effective for fiscal years beginning after December 15, 2021. The Company early adopted the new standard using the modified retrospective method by recording a right-of-use asset of $13.2 million, short-term portion of lease liabilities of $6.3 million and long-term portion of lease liabilities of $7.2 million as of the effective date. Prior periods will not be restated and will continue to be reported under Topic 840 guidance in effect during those periods. The Company applied the package of practical expedients to leases that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. The adoption did not have a material impact on its consolidated statements of operations or its consolidated statements of cash flows. See Note 13, Leases, for further information and disclosures related to the adoption of this standard. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU No. 2019-12”), which is intended to simplify various aspects of the accounting for income taxes. ASU No. 2019-12 removes certain exceptions to the general principles in Topic 740 and clarifies and amends existing guidance to improve consistent application. This standard is effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted. The Company has adopted the pronouncement and it did not have a material impact on its consolidated financial statements and related disclosures. New Accounting Standards To be adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses
Corporate Conversion and Stock Split	Corporate Conversion and Stock Split On October 14, 2020, prior to the issuance of any of our shares of common stock in our initial public offering (the “IPO”), we converted from a Delaware limited liability company to a Delaware corporation. In connection with the corporate conversion, we converted all 1,000 of our outstanding member units into 100,000,000 shares of common stock and then completed a stock split of 1.19994-for-1. The corporate conversion and stock split representing 119,994,467 shares of common stock have been adjusted retroactively for the purposes of calculating basic and diluted earnings per share.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of Array Technologies, Inc. and its Subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates include impairment of goodwill, impairment of long-lived assets, fair value of contingent consideration, allowance for doubtful accounts, reserve for excess or obsolete inventories, valuation of deferred tax assets and warranty reserve. Due to the COVID-19 pandemic, there has been and will continue to be uncertainty and disruption in the global economy and financial markets. Management has made estimates and assumptions taking into consideration certain possible impacts due to COVID-19. These estimates may change, as new events occur, and additional information is obtained. Actual results may differ from previously estimated amounts, and such differences may be material to the condensed consolidated financial statements; however, management believes that these estimates and assumptions provide a reasonable basis for the fair presentation of the consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they occur.
Impact of COVID-19 Pandemic	Impact of COVID-19 Pandemic In December 2019, a novel strain of coronavirus, SARS-CoV-2, which causes coronavirus disease 2019, or COVID-19, surfaced in Wuhan, China. Since then, COVID-19 has spread to multiple countries, including the United States. On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. Due to economic conditions our industry has seen rapid commodity price increases and strained logistics, causing us to experience temporary decreased margins and thus decreased cash from operations. We have taken, and continue to take, mitigating steps to overcome the economic challenges and, therefore, believe the impact to be temporary, but cannot be certain the timing of when we will achieve better margins. We have sufficient
Equity-Based Compensation	Equity-Based Compensation On October 14, 2020, the Company’s 2020 Equity Incentive Plan (the “2020 Plan”) became effective. Under the 2020 Plan, the Company may grant (i) restricted stock units (RSU’s) to its employees and non-employee directors in connection with their service on the board of directors, and (ii) performance stock units (“PSUs”) to certain of its executive officers and members of management. The PSUs contain performance and market conditions. The RSUs are valued at the closing stock price on the date of grant and recognized on a straight-line basis over vesting term. The PSU grants were valued using the Monte Carlo simulation method and the assigned fair value on grant date will be recognized on a straight-line basis over the vesting term of the awards. The probability of the awards meeting the performance related vested conditions is not included in the grant date fair value, but rather will be estimated quarterly and the Company will true-up the expense recognition accordingly upon any probability to vest revision. The Company accounts for forfeitures as they occur.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of current inventory	Inventories consist of the following (in thousands): June 30, December 31, 2021 2020 Raw materials $ 46,993 $ 39,051 Finished goods 98,096 85,833 Reserve for excess or obsolete inventory (7,423) (6,425) Total $ 137,666 $ 118,459

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Summary of property, plant and equipment	Property, plant and equipment consisted of the following (in thousands): Estimated Useful Lives (Years) June 30, December 31, 2021 2020 Land N/A $ 1,340 $ 1,340 Buildings and land improvements 15-39 2,486 2,486 Manufacturing equipment 7 13,513 13,261 Furniture, fixtures and equipment 5-7 477 443 Vehicles 5 161 140 Hardware and software 3-5 1,603 887 Machinery in progress 178 — Total 19,758 18,557 Less: accumulated depreciation (9,995) (8,783) Property, plant and equipment, net $ 9,763 $ 9,774

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of finite-lived intangible assets	Other intangible assets consisted of the following (in thousands): Estimated Useful Lives (Years) June 30, December 31, 2021 2020 Amortizable: Costs: Developed technology 14 $ 203,800 $ 203,800 Customer relationships 10 89,500 89,500 Internal-use software modification 2.5 4,356 4,356 Total amortizable intangibles 297,656 297,656 Accumulated amortization: Developed technology 72,510 65,233 Customer relationships 44,583 40,107 Internal-use software modification costs 4,356 4,356 Total accumulated amortization 121,449 109,696 Total amortizable intangibles, net 176,207 187,960 Non-amortizable costs: Trade name 10,300 10,300 Total other intangible assets, net $ 186,507 $ 198,260
Schedule of indefinite-lived intangible assets	Other intangible assets consisted of the following (in thousands): Estimated Useful Lives (Years) June 30, December 31, 2021 2020 Amortizable: Costs: Developed technology 14 $ 203,800 $ 203,800 Customer relationships 10 89,500 89,500 Internal-use software modification 2.5 4,356 4,356 Total amortizable intangibles 297,656 297,656 Accumulated amortization: Developed technology 72,510 65,233 Customer relationships 44,583 40,107 Internal-use software modification costs 4,356 4,356 Total accumulated amortization 121,449 109,696 Total amortizable intangibles, net 176,207 187,960 Non-amortizable costs: Trade name 10,300 10,300 Total other intangible assets, net $ 186,507 $ 198,260

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	June 30, December 31, 2021 2020 Term loan facility $ 428,925 $ 460,000 Revolving credit facility 102,000 — 530,925 460,000 Less discount and issuance costs (32,680) (31,717) Long term debt, net of debt discount and issuance costs 498,245 428,283 Less current portion of long-term debt (4,300) (4,313) Long-term debt, net of current portion, debt discount and issuance costs $ 493,945 $ 423,970

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following table presents the Company’s revenue disaggregated by sales recorded over-time and sales recorded at a point in time (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Over-time revenue $ 189,622 $ 98,637 $ 421,475 $ 516,598 Point in time revenue 13,174 16,279 27,253 36,036 Total revenue $ 202,796 $ 114,916 $ 448,728 $ 552,634 June 30, 2021 December 31, 2020 Unbilled receivables $ 37,567 $ 18,073 June 30, 2021 December 31, 2020 Deferred revenue $ 51,458 $ 149,821

Earnings (loss) per Share (Tabl

Earnings (loss) per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts): Three Months Ended Six Months Ended 2021 2020 2021 2020 Net (loss) income $ (17) $ 2,392 $ 2,870 $ 76,077 Basic: Weighted-average shares 126,994 119,994 126,994 119,994 Earnings (loss) per share $ — $ 0.02 $ 0.02 $ 0.63 Diluted: Weighted-average shares 126,994 119,994 126,994 119,994 Equity compensation dilutive securities — — 209 — Weighted average dilutive shares 126,994 119,994 127,203 119,994 Earnings (loss) per share $ — $ 0.02 $ 0.02 $ 0.63

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of liability related to estimated contingent consideration	The following table summarizes the liability related to the estimated contingent consideration (in thousands): TRA Earn-Out Liability Contingent Consideration Balance, March 31, 2021 $ 19,839 $ — $ 19,839 Payments (7,810) (7,810) Fair value adjustment (13) — (13) Balance, June 30, 2021 $ 12,016 $ — $ 12,016 Balance, March 31, 2020 $ 17,113 $ 124 $ 17,237 Fair value adjustment 1,732 1,698 3,430 Balance, June 30, 2020 $ 18,845 $ 1,822 $ 20,667 TRA Earn-Out Liability Contingent Consideration Balance, December 31, 2020 $ 19,691 $ — $ 19,691 Payments (7,810) — (7,810) Fair value adjustments 135 — 135 Balance, June 30, 2021 $ 12,016 $ — $ 12,016 Balance, December 31, 2019 $ 17,808 $ 442 $ 18,250 Fair value adjustment 1,037 1,380 2,417 Balance, June 30, 2020 $ 18,845 $ 1,822 $ 20,667

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Disclosure of share-based compensation arrangements by share-based payment award	Activity under the 2020 Plan was as follows: Number of Shares Weighted Average Grant Date Fair Value RSU Unvested, December 31, 2020 500,006 $ 22.00 Granted 513,463 25.35 Vested — — Forfeited (43,045) 28.36 Unvested, June 30, 2021 970,424 $ 23.49 PSU Number of Shares Weighted Average Grant Date Fair Value Unvested, December 31, 2020 — $ — Granted 177,472 28.25 Vested — — Forfeited (14,379) 30.74 Unvested, June 30, 2021 163,093 $ 28.03

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Summary of balances as it related to leases	The following table summarizes the balances as it relates to leases at the end of the period (in thousands): (*) June 30, 2021 ROU Asset Other assets $ 10,537 Lease liability, current portion Other current liabilities $ 6,379 Lease liability, long-term portion Other long-term liabilities 4,227 Total lease liability $ 10,606 (*) Location on the condensed consolidated balance sheet
Schedule of operating lease expenses	The details of the Company’s operating leases are as follows (in thousands): Three Months Ended June 30, 2021 Operating lease expense $ 1,651 Variable lease expense 91 Short-term lease expense — Total lease expense $ 1,742 The Company’s weighted-average remaining lease-term and weighted-average discount rate are as follows (in thousands): Three Months Ended June 30, 2021 Weighted average remaining lease-term 2.0 years Weighted average discount rate 5 % Supplemental cash flow and other information related to operating leases are as follows: Three Months Ended June 30, 2021 Operating cash flows from operating leases $ 1,465 Non cash investing activities: Lease liabilities arising from obtaining right-of-use assets as of January 1, 2021 $ 13,464
Schedule of operating lease liability maturity	The following table presents the maturities of lease liabilities as of June 30, 2021 (in thousands): Fiscal year ending June 30, Operating Leases 2021 $ 3,333 2022 6,071 2023 896 2024 794 2025 19 Thereafter — Total lease payments 11,113 Less: Imputed lease interest (507) Total lease liabilities $ 10,606 The following table represents future minimum lease obligations under non-cancelable operating leases as of December 31, 2020 (in thousands): Fiscal year ending December 31, Operating Leases 2021 $ 6,663 2022 6,073 2023 893 2024 791 2025 15 Thereafter — Total $ 14,435

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands	Oct. 14, 2020shares	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)	Jan. 01, 2021USD ($)
Class of Stock [Line Items]
ROU Asset			$ 10,537
Lease liability, current portion			6,379
Lease liability, long-term portion			$ 4,227
Stock split conversion ratio	1.19994
Basic and Diluted (in shares) | shares	119,994,467
Accounting Standards Update 2016-02
Class of Stock [Line Items]
ROU Asset				$ 13,200
Lease liability, current portion				6,300
Lease liability, long-term portion				$ 7,200
Class B units
Class of Stock [Line Items]
Equity based compensation		$ 6,300
Units
Class of Stock [Line Items]
Number of shares converted | shares	1,000
Common Stock
Class of Stock [Line Items]
Number of shares issued upon conversion | shares	100,000,000

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 46,993	$ 39,051
Finished goods	98,096	85,833
Reserve for excess or obsolete inventory	(7,423)	(6,425)
Inventories, net	$ 137,666	$ 118,459

Property, Plant, and Equipmen_2

Property, Plant, and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 19,758	$ 18,557
Less: accumulated depreciation	(9,995)	(8,783)
Property, plant and equipment, net	9,763	9,774
Land
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	1,340	1,340
Buildings and land improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 2,486	2,486
Buildings and land improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	15 years
Buildings and land improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	39 years
Manufacturing equipment
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	7 years
Property, plant, and equipment, gross	$ 13,513	13,261
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 477	443
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	5 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	5 years
Property, plant, and equipment, gross	$ 161	140
Hardware and software
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 1,603	887
Hardware and software | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	3 years
Hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (Years)	5 years
Machinery in progress
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 178	$ 0

Property, Plant, and Equipmen_3

Property, Plant, and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 0.6	$ 0.6	$ 1.2	$ 1.2
Depreciation allocated to cost of revenue	0.5	0.5	1	1
Depreciation included in depreciation and amortization	$ 0.1	$ 0.1	$ 0.2	$ 0.2

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Jul. 08, 2016
Goodwill [Line Items]
Goodwill	$ 69,727		$ 69,727		$ 69,727
Accumulated impairment	51,900		51,900		$ 51,900
Amortization expense related to intangible assets	$ 5,900	$ 5,900	$ 11,800	$ 11,800
Array
Goodwill [Line Items]
Goodwill						$ 121,600

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of other intangible assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Total amortizable intangibles	$ 297,656	$ 297,656
Total accumulated amortization	121,449	109,696
Total amortizable intangibles, net	176,207	187,960
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets, net	186,507	198,260
Trade name
Indefinite-lived Intangible Assets [Line Items]
Non-amortizable costs	$ 10,300	10,300
Developed technology
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	14 years
Total amortizable intangibles	$ 203,800	203,800
Total accumulated amortization	$ 72,510	65,233
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	10 years
Total amortizable intangibles	$ 89,500	89,500
Total accumulated amortization	$ 44,583	40,107
Internal-use software modification
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	2 years 6 months
Total amortizable intangibles	$ 4,356	4,356
Total accumulated amortization	$ 4,356	$ 4,356

Investment in Equity Security (

Investment in Equity Security (Details) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Apr. 30, 2021	Feb. 28, 2021	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Investment in equity securities	$ 2,000,000	$ 10,000,000		$ 11,975,000	$ 0
Balance of investment in equity securities			$ 12,000,000	12,000,000
Impairment recorded			$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (1,050,000)	$ (5,834,000)	$ 29,000	$ 16,708,000
Reserves for uncertain tax positions	$ 0	$ 0	$ 0	$ 0

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, balance	$ 530,925	$ 460,000
Less discount and issuance costs	(32,680)	(31,717)
Long term debt, net of debt discount and issuance costs	498,245	428,283
Less current portion of long-term debt	(4,300)	(4,313)
Long-term debt, net of current portion, debt discount and issuance costs	493,945	423,970
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt, balance	102,000	0
Term loan facility
Debt Instrument [Line Items]
Long-term debt, balance	$ 428,925	$ 460,000

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($)	Feb. 23, 2021	Feb. 22, 2021	Oct. 14, 2020	Jun. 30, 2021	Feb. 26, 2021	Feb. 25, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, balance				$ 530,925,000			$ 460,000,000
Debt discount and issuance costs				32,680,000			31,717,000
Senior Secured Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Monthly basis spread on variable rate	0.50%	1.00%
Senior Secured Credit Facility | Base Rate
Debt Instrument [Line Items]
Minimum annual variable rate	0.0325	0.0400
Term loan facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 575,000,000
Debt instrument term			7 years
Long-term debt, balance				$ 428,900,000
Interest rate applicable margin				3.75%
Debt discount and issuance costs				$ 32,700,000
Debt issuance costs and discounts, amortization rate				5.01%
Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 150,000,000			$ 150,000,000
Debt instrument term			5 years
Long-term debt, balance				$ 102,000,000			$ 0
Revolving credit facility | Revolving Credit Facility, Second Amendment
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 200,000,000

Long-Term Debt - Letters of Cre

Long-Term Debt - Letters of Credit (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, balance	$ 530,925	$ 460,000
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt, balance	102,000	$ 0
Available borrowing capacity	87,000
Standby Letters of Credit
Debt Instrument [Line Items]
Letters of credit outstanding	$ 11,000

Related Party Loan (Details)

Related Party Loan (Details) - Senior Secured Loan - Unit holder of Parent - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020
Related Party Transaction [Line Items]
Balance of senior secured loan	$ 0	$ 41,800,000	$ 41,800,000
Interest expense	$ 0	$ 1,700,000	$ 3,500,000

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 202,796	$ 114,916	$ 448,728	$ 552,634
Unbilled receivables	37,567		37,567		$ 18,073
Deferred revenue	51,458		51,458		$ 149,821
Deferred revenue recognized			$ 149,800
Percentage of deferred revenue recognized			100.00%
Remaining performance obligation	$ 197,500		$ 197,500
Percentage of performance obligation to be recognized	100.00%		100.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, period	12 months		12 months
Over-time revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 189,622	98,637	$ 421,475	516,598
Point in time revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 13,174	$ 16,279	$ 27,253	$ 36,036

Earnings (loss) per Share - Sch

Earnings (loss) per Share - Schedule of earnings per share, basic and diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net (loss) income	$ (17)	$ 2,392	$ 2,870	$ 76,077
Basic:
Weighted average number of shares	126,994	119,994	126,994	119,994
Earnings (loss) per share (in dollars per share)	$ 0	$ 0.02	$ 0.02	$ 0.63
Diluted:
RSU Dilutive shares (in shares)	0	0	209	0
Weighted average number of shares	126,994	119,994	127,203	119,994
Earnings (loss) per share (in dollars per share)	$ 0	$ 0.02	$ 0.02	$ 0.63

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration	$ 12,016,000	$ 19,839,000	$ 19,691,000	$ 20,667,000	$ 17,237,000	$ 18,250,000
Array | TRA
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration	$ 12,016,000	19,839,000	19,691,000	18,845,000	17,113,000	17,808,000
Tax Receivable Agreement, payment term	125 days
Array | Earn-Out Liability
Business Acquisition, Contingent Consideration [Line Items]
Contingent consideration	$ 0	$ 0	$ 0	1,822,000	$ 124,000	$ 442,000
Maximum aggregate earn-out consideration				$ 25,000,000

Commitment and Contingencies _2

Commitment and Contingencies - Summary of liability related to estimated contingent consideration (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Business Combination, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration [Roll Forward]
Beginning balance	$ 19,839	$ 17,237	$ 19,691	$ 18,250
Contingent consideration	(7,810)		(7,810)	0
Fair value adjustment	(13)	3,430	135	2,417
Fair value adjustments			135
Ending balance	12,016	20,667	12,016	20,667
Array | TRA
Business Combination, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration [Roll Forward]
Beginning balance	19,839	17,113	19,691	17,808
Contingent consideration	(7,810)		(7,810)
Fair value adjustment	(13)	1,732		1,037
Fair value adjustments			135
Ending balance	12,016	18,845	12,016	18,845
Array | Earn-Out Liability
Business Combination, Contingent Consideration Arrangements, Change In Amount Of Contingent Consideration [Roll Forward]
Beginning balance	0	124	0	442
Contingent consideration			0
Fair value adjustment	0	1,698		1,380
Fair value adjustments			0
Ending balance	$ 0	$ 1,822	$ 0	$ 1,822

Equity-Based Compensation (Deta

Equity-Based Compensation (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Oct. 14, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeitures in period (in shares)		57,424	0	57,424	0
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized shares						6,683,919
Class B units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation	$ 6.3
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period (in shares)				513,463
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period (in shares)				177,472
Vesting period				3 years
Equity grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity based compensation		$ 4.1	$ 0.7	$ 12	$ 2.4
Equity grants | Class B units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs		$ 19.1		$ 19.1
Unrecognized compensation costs, period of recognition				2 years 6 months

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of RSU Activity (Details)	6 Months Ended
	Jun. 30, 2021$ / sharesshares
RSU
Number of Shares
Unvested, beginning balance (in shares) | shares	500,006
Granted (in shares) | shares	513,463
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(43,045)
Unvested, ending balance (in shares) | shares	970,424
Weighted Average Grant Date Fair Value
Unvested, weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares	$ 22
Granted, weighted average grand date fair value (in dollars per share) | $ / shares	25.35
Vested, weighted average grand date fair value (in dollars per share) | $ / shares	0
Forfeited, weighted average grand date fair value (in dollars per share) | $ / shares	28.36
Unvested, weighted average grant date fair value, ending balance (in dollars per share) | $ / shares	$ 23.49
PSU
Number of Shares
Unvested, beginning balance (in shares) | shares	0
Granted (in shares) | shares	177,472
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(14,379)
Unvested, ending balance (in shares) | shares	163,093
Weighted Average Grant Date Fair Value
Unvested, weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares	$ 0
Granted, weighted average grand date fair value (in dollars per share) | $ / shares	28.25
Vested, weighted average grand date fair value (in dollars per share) | $ / shares	0
Forfeited, weighted average grand date fair value (in dollars per share) | $ / shares	30.74
Unvested, weighted average grant date fair value, ending balance (in dollars per share) | $ / shares	$ 28.03

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jan. 01, 2021
Lessee, Lease, Description [Line Items]
ROU Asset	$ 10,537
Total lease liabilities	$ 10,606	$ 13,500
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
ROU Asset		$ 13,200

Leases - Summary of balances as

Leases - Summary of balances as it relates to leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jan. 01, 2021
Leases [Abstract]
Operating lease, right-of-use asset, statement of financial position	us-gaap:OtherAssets
ROU Asset	$ 10,537
Operating lease, liability, current, statement of financial position	Other current liabilities
Lease liability, current portion	$ 6,379
Operating lease, liability, noncurrent, statement of financial position	Other long-term liabilities
Lease liability, long-term portion	$ 4,227
Total lease liabilities	$ 10,606	$ 13,500

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)
Leases [Abstract]
Operating lease expense	$ 1,651
Variable lease expense	91
Short-term lease expense	0
Total lease expense	$ 1,742

Leases - Schedule of Maturities

Leases - Schedule of Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jan. 01, 2021	Dec. 31, 2020
Leases [Abstract]
2021	$ 3,333		$ 6,663
2022	6,071		6,073
2023	896		893
2024	794		791
2025	19		15
Thereafter	0		0
Total lease payments	11,113		$ 14,435
Less: Imputed lease interest	(507)
Total lease liabilities	$ 10,606	$ 13,500

Leases - Schedule of Weighted-A

Leases - Schedule of Weighted-Average Remaining Lease-Term and Discount Rate (Details)	Jun. 30, 2021
Leases [Abstract]
Weighted average remaining lease-term	2 years
Weighted average discount rate	5.00%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flows (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 1,465
Non cash investing activities:
Lease liabilities arising from obtaining right-of-use assets as of January 1, 2021	$ 13,464

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Accounts payable - related party	$ 610	$ 2,232

Subsequent Events (Details)

Subsequent Events (Details)	Aug. 10, 2021USD ($)voterepresentative$ / sharesshares	Jun. 30, 2021USD ($)$ / shares	Jun. 30, 2020USD ($)	Dec. 31, 2020$ / shares
Subsequent Event [Line Items]
Preferred stock, par value (usd per share) | $ / shares		$ 0.001		$ 0.001
Common stock, par value (usd per share) | $ / shares		$ 0.001		$ 0.001
Repayment of long term line of credit		$ 31,075,000	$ 57,702,000
Subsequent event
Subsequent Event [Line Items]
Number of members eligible to be designated to board of directors | representative	1
Number of non-voting representatives designated to board of directors | representative	3
Percentage of variable weighted average price of common stock	95.00%
Subsequent event | Series A Perpetual Preferred Stock | Cash Regular Dividend Rate
Subsequent Event [Line Items]
Preferred stock dividend rate spread	2.00%
Percent of the amount of Default Accrued Dividends to be paid	100.00%
Dividend rate, percentage	5.75%
Subsequent event | Series A Perpetual Preferred Stock | Cash Regular Dividend Rate | Fifth, Sixth, and Seventh Anniversaries
Subsequent Event [Line Items]
Preferred stock dividend rate spread	0.50%
Subsequent event | Series A Perpetual Preferred Stock | Cash Regular Dividend Rate | Eighth, Ninth, and Tenth Anniversaries
Subsequent Event [Line Items]
Preferred stock dividend rate spread	1.00%
Subsequent event | Series A Perpetual Preferred Stock | Accrued Regular Dividend Rate
Subsequent Event [Line Items]
Dividend rate, percentage	6.25%
Subsequent event | Securities Purchase Agreement
Subsequent Event [Line Items]
Net proceeds	$ 346,000,000
Repayment of long term line of credit	$ 100,000,000
Number of votes per preferred share | vote	1
Subsequent event | Securities Purchase Agreement | Anniversary Date One
Subsequent Event [Line Items]
Purchase commitment, percentage	0.00%
Subsequent event | Securities Purchase Agreement | Anniversary Date Two
Subsequent Event [Line Items]
Purchase commitment, percentage	1.50%
Subsequent event | Securities Purchase Agreement | Anniversary Date Three
Subsequent Event [Line Items]
Purchase commitment, percentage	3.00%
Subsequent event | Securities Purchase Agreement | Series A Perpetual Preferred Stock
Subsequent Event [Line Items]
Stock issued (in shares) | shares	350,000
Preferred stock, par value (usd per share) | $ / shares	$ 0.001
Amount of liquidation preference	$ 100,000,000
Percentage of initial liquidation preference	130.00%
Initial liquidation preference (in dollars per share) | $ / shares	$ 1,000
Preferred stock, redemption amount	$ 200,000,000
Subsequent event | Securities Purchase Agreement | Common Stock
Subsequent Event [Line Items]
Stock issued (in shares) | shares	7,098,765
Common stock, par value (usd per share) | $ / shares	$ 0.001
Subsequent event | Securities Purchase Agreement, Expiry or Termination | Common Stock | BCP Helios Aggregator L.P.
Subsequent Event [Line Items]
Stock issued (in shares) | shares	776,235
Net proceeds	$ 776
Subsequent event | Securities Purchase Agreement, Additional Closings
Subsequent Event [Line Items]
Net proceeds	$ 148,000,000
Subsequent event | Securities Purchase Agreement, Additional Closings | Series A Perpetual Preferred Stock
Subsequent Event [Line Items]
Stock issued (in shares) | shares	150,000
Subsequent event | Securities Purchase Agreement, Additional Closings | Common Stock
Subsequent Event [Line Items]
Stock issued (in shares) | shares	3,375,000
Subsequent event | Securities Purchase Agreement, Additional Closings, Certain Pricing Adjustments | Common Stock
Subsequent Event [Line Items]
Stock issued (in shares) | shares	6,100,000
Subsequent event | Securities Purchase Agreement, Voting and Consent Rights
Subsequent Event [Line Items]
Maximum leverage ratio	8.5
Subsequent event | Securities Purchase Agreement, Voting and Consent Rights | Series A Perpetual Preferred Stock
Subsequent Event [Line Items]
Maximum leverage ratio	8.5