Perimeter Solutions (PRM) 10-K 1 Mar 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 24, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-41027
Entity Registrant Name	PERIMETER SOLUTIONS, SA
Entity Incorporation, State or Country Code	N4
Entity Tax Identification Number	98-1632942
Entity Address, Address Line One	12E rue Guillaume Kroll
Entity Address, Postal Zip Code	L-1882
Entity Address, Country	LU
Entity Address, City or Town	Grand Duchy of Luxembourg
City Area Code	314
Local Phone Number	396-7343
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,662,528,675
Entity Common Stock, Shares Outstanding (in shares)		158,629,459
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement for its 2023 Annual Meeting of Shareholders, which will be filed within 120 days of December 31, 2022, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001880319
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Ordinary Shares, nominal value $1.00 per share
Trading Symbol	PRM
Security Exchange Name	NYSE
Warrant
Document Information [Line Items]
Title of 12(b) Security	Warrants for Ordinary Shares
Trading Symbol	PRMFF

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	243
Auditor Name	BDO USA, LLP
Auditor Location	Houston, Texas

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 126,750,000	$ 166,256,000	$ 125,502,000		$ 225,554,000
Accounts receivable, net	26,646,000	85,612,000	68,458,000		24,319,000
Inventories	142,961,000	120,467,000	123,065,000		106,910,000
Income tax receivable	214,000	655,000	11,441,000	$ 7,753,000	816,000
Prepaid expenses and other current assets	11,951,000	4,876,000	6,763,000		14,161,000
Total current assets	308,522,000	377,866,000	335,229,000	322,043,000	371,760,000
Property, plant and equipment, net	58,846,000	57,187,000	59,155,000		62,247,000
Operating lease right-of-use assets	18,582,000				0
Goodwill	1,031,460,000	1,019,387,000	1,031,219,000		1,041,325,000	$ 1,045,895,000	$ 487,107,000	$ 482,041,000
Intangible assets, net	1,037,440,000				1,100,832,000
Other assets, net	1,766,000	1,877,000	1,992,000		2,219,000
Total assets	2,456,616,000	2,501,054,000	2,493,937,000	2,513,414,000	2,578,383,000
Current Liabilities:
Accounts payable	36,794,000	31,856,000	42,967,000		27,469,000
Accrued expenses and other current liabilities	32,705,000	59,028,000	22,876,000		19,025,000
Founders advisory fees payable - related party	4,655,000	9,836,000	27,116,000		53,547,000
Deferred revenue	0	1,272,000	5,387,000		445,000
Total current liabilities	74,154,000	101,992,000	98,346,000		100,486,000
Long-term debt	665,280,000	664,986,000	664,696,000		664,128,000
Operating lease liabilities, net of current portion	15,484,000				0
Deferred income taxes	278,270,000	273,419,000	295,731,000	298,093,000	297,148,000
Founders advisory fees payable - related party	170,718,000	134,598,000	191,031,000		312,242,000
Redeemable preferred shares	101,279,000	100,263,000	99,312,000		96,867,000
Redeemable preferred shares - related party	3,209,000	3,245,000	3,215,000		3,699,000
Other non-current liabilities	9,322,000	8,951,000	12,643,000		22,195,000
Total liabilities	1,317,716,000	1,287,454,000	1,364,974,000	1,375,432,000	1,496,765,000
Commitments and Contingencies
Shareholders’ equity:
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 and 157,237,435 shares issued; 156,797,806 and 157,237,435 shares outstanding at December 31, 2022 and 2021, respectively	163,235,000	163,235,000	163,235,000		157,237,000
Treasury shares, at cost; 6,436,736 shares at December 31, 2022 and no shares at December 31, 2021	(49,341,000)	(7,572,000)	(5,008,000)		0
Additional paid-in capital	1,698,781,000	1,685,898,000	1,686,743,000	1,683,310,000	1,670,033,000
Accumulated other comprehensive loss	(25,471,000)	(41,561,000)	(23,380,000)	(701,554,000)	(7,135,000)
Accumulated deficit	(648,304,000)	(586,400,000)	(692,627,000)		(738,517,000)
Total shareholders’ equity	1,138,900,000	1,213,600,000	1,128,963,000	1,137,982,000	1,081,618,000	$ 1,476,881,000	$ 252,443,000	$ 291,422,000	$ 262,386,000
Total liabilities and shareholders’ equity	2,456,616,000	2,501,054,000	2,493,937,000	$ 2,513,414,000	2,578,383,000
Customer lists
Current assets:
Intangible assets, net	710,329,000	715,829,000	730,339,000		753,459,000
Technology and patents, net
Current assets:
Intangible assets, net	232,818,000	233,861,000	239,043,000		247,368,000
Tradenames
Current assets:
Intangible assets, net	$ 94,293,000	$ 95,047,000	$ 96,960,000		$ 100,005,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Nov. 09, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 1	$ 1	$ 1	$ 1	$ 1
Common stock, authorized (in shares)	4,000,000,000	4,000,000,000	4,000,000,000	4,000,000,000
Common stock, issued (in shares)	163,234,542	163,234,542	163,234,542	157,237,435
Common stock, outstanding (in shares)	156,797,806	162,316,326	162,637,029	157,237,435
Treasury stock (in shares)	6,436,736	918,216	597,513	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	2 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 21,023		$ 160,509	$ 100,965		$ 158,723	$ 319,232	$ 341,315	$ 360,505	$ 339,577
Cost of goods sold	23,710		73,761	72,050	$ 41,343	113,393	187,154	172,136	217,853	177,532
Gross profit	(2,687)		86,748	28,915	16,415	45,330	132,078	169,179	142,652	162,045
Operating expenses:
Selling, general and administrative expense	16,982		15,650	19,679	19,154	38,833	54,483	38,981	74,319	37,747
Amortization expense	8,004		13,738	13,802		27,657	41,395	45,424	55,105	51,458
Founders advisory fees - related party	652,990		(73,713)	(20,465)		(80,313)	(154,026)	0	(117,302)	0
Other operating expense	92		(51)	260		456	405	4,153	465	1,364
Total operating expenses	678,068		(44,376)	13,276	(26,643)	(13,367)	(57,743)	88,558	12,587	90,569
Operating income (loss)	(680,755)		131,124	15,639	43,058	58,697	189,821	80,621	130,065	71,476
Other expense (income):
Interest expense, net	6,352		9,944	12,142		22,638	32,582	39,087	42,585	42,017
(Gain) loss on contingent earn-out	198		(3,644)	(9,398)		(9,398)	(13,042)	2,965	(12,706)	0
Unrealized foreign currency loss (gain)	1,006		4,705	3,156		4,036	8,741	4,026	3,462	(5,640)
Other (income) expense, net	(2)		(785)	(200)		(35)	(820)	(222)	(503)	367
Total other expense, net	7,554		10,220	5,700		17,241	27,461	45,856	32,838	36,744
Income (loss) before income taxes	(688,309)		120,904	9,939	31,517	41,456	162,360	34,765	97,227	34,732
Income tax (expense) benefit	6,160		(14,677)	(1,012)	5,446	4,434	(10,243)	(14,136)	(5,469)	(10,483)
Net income (loss)	(682,149)	$ (682,149)	106,227	8,927	36,963	45,890	152,117	20,629	91,758	24,249
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(7,135)		(18,181)	(16,371)		(16,245)	(34,426)	236	(18,336)	4,787
Total comprehensive income (loss)	$ (689,284)		$ 88,046	$ (7,444)	$ 37,089	$ 29,645	$ 117,691	$ 20,865	$ 73,422	$ 29,036
Earnings (loss) per share:
Basic (in usd per share)	$ (4.34)		$ 0.65	$ 0.05	$ 0.23	$ 0.28	$ 0.94	$ 0.39	$ 0.57	$ 0.46
Diluted (in usd per share)	$ (4.34)		$ 0.60	$ 0.05	$ 0.21	$ 0.26	$ 0.86	$ 0.39	$ 0.52	$ 0.46
Weighted average number of ordinary shares outstanding:
Basic (in shares)	157,158,579		162,635,592	162,917,478		161,591,704	161,943,492	53,045,510	160,937,575	53,045,510
Diluted (in shares)	157,158,579		176,777,958	177,059,844		175,734,070	176,085,858	53,045,510	175,079,941	53,045,510

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Treasury Shares	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Accumulated Deficit Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2019			53,045,510
Beginning balance at Dec. 31, 2019	$ 262,386		$ 53,046	$ 0	$ 289,344	$ (7,961)	$ (72,043)
Beginning balance (in shares) at Dec. 31, 2019				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	24,249						24,249
Other comprehensive income (loss)	4,787					4,787
Ending balance (in shares) at Dec. 31, 2020			53,045,510
Ending balance at Dec. 31, 2020	291,422		$ 53,046	$ 0	289,344	(3,174)	(47,794)
Ending balance (in shares) at Dec. 31, 2020				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shareholders’ capital distributions	(60,000)				(60,000)
Share-based compensation	156				156
Net income (loss)	20,629						20,629
Other comprehensive income (loss)	236					236
Ending balance (in shares) at Nov. 08, 2021			53,045,510
Ending balance at Nov. 08, 2021	$ 252,443		$ 53,046	$ 0	229,500	(2,938)	(27,165)
Ending balance (in shares) at Nov. 08, 2021				0
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Beginning balance (in shares) at Dec. 31, 2020			53,045,510
Beginning balance at Dec. 31, 2020	$ 291,422		$ 53,046	$ 0	289,344	(3,174)	(47,794)
Beginning balance (in shares) at Dec. 31, 2020				0
Ending balance (in shares) at Dec. 31, 2021	157,237,435		157,237,435
Ending balance at Dec. 31, 2021	$ 1,081,618	$ (1,545)	$ 157,237	$ 0	1,670,033	(7,135)	(738,517)	$ (1,545)
Ending balance (in shares) at Dec. 31, 2021	0			0
Beginning balance (in shares) at Nov. 08, 2021			53,045,510
Beginning balance at Nov. 08, 2021	$ 252,443		$ 53,046	$ 0	229,500	(2,938)	(27,165)
Beginning balance (in shares) at Nov. 08, 2021				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (682,149)						(682,149)
Ending balance (in shares) at Dec. 31, 2021	157,237,435		157,237,435
Ending balance at Dec. 31, 2021	$ 1,081,618	(1,545)	$ 157,237	$ 0	1,670,033	(7,135)	(738,517)	(1,545)
Ending balance (in shares) at Dec. 31, 2021	0			0
Beginning balance (in shares) at Nov. 09, 2021			156,937,410
Beginning balance at Nov. 09, 2021	$ 1,476,881		$ 156,937	$ 0	1,376,312	0	(56,368)
Beginning balance (in shares) at Nov. 09, 2021				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Sale of ordinary shares issued to Director Subscribers (in shares)			200,000
Sale of ordinary shares issued to Director Subscribers	2,000		$ 200		1,800
Share-based compensation	290,846				290,846
Ordinary shares issued related to share-based compensation (in shares)			100,000
Ordinary shares issued related to share-based compensation	1,175		$ 100		1,075
Warrants exercised (in shares)			25
Net income (loss)	(682,149)						(682,149)
Other comprehensive income (loss)	$ (7,135)					(7,135)
Ending balance (in shares) at Dec. 31, 2021	157,237,435		157,237,435
Ending balance at Dec. 31, 2021	$ 1,081,618	(1,545)	$ 157,237	$ 0	1,670,033	(7,135)	(738,517)	(1,545)
Ending balance (in shares) at Dec. 31, 2021	0			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	$ 4,963				4,963		0
Net income (loss)	36,963				0		36,963
Ending balance (in shares) at Mar. 31, 2022			163,234,542,000
Ending balance at Mar. 31, 2022	$ 1,137,982		$ 163,235	$ 0	1,683,310	(7,009)	(701,554)
Ending balance (in shares) at Mar. 31, 2022				0
Beginning balance (in shares) at Dec. 31, 2021	157,237,435		157,237,435
Beginning balance at Dec. 31, 2021	$ 1,081,618	(1,545)	$ 157,237	$ 0	1,670,033	(7,135)	(738,517)	(1,545)
Beginning balance (in shares) at Dec. 31, 2021	0			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 45,890
Ending balance (in shares) at Jun. 30, 2022	162,637,029		163,234,542,000
Ending balance at Jun. 30, 2022	$ 1,128,963		$ 163,235	$ (5,008)	1,686,743	(23,380)	(692,627)
Ending balance (in shares) at Jun. 30, 2022	597,513			597,513,000
Beginning balance (in shares) at Dec. 31, 2021	157,237,435		157,237,435
Beginning balance at Dec. 31, 2021	$ 1,081,618	(1,545)	$ 157,237	$ 0	1,670,033	(7,135)	(738,517)	(1,545)
Beginning balance (in shares) at Dec. 31, 2021	0			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 152,117
Ending balance (in shares) at Sep. 30, 2022	162,316,326		163,234,542,000
Ending balance at Sep. 30, 2022	$ 1,213,600		$ 163,235	$ (7,572)	1,685,898	(41,561)	(586,400)
Ending balance (in shares) at Sep. 30, 2022	918,216			918,216,000
Beginning balance (in shares) at Dec. 31, 2021	157,237,435		157,237,435
Beginning balance at Dec. 31, 2021	$ 1,081,618	$ (1,545)	$ 157,237	$ 0	1,670,033	(7,135)	(738,517)	$ (1,545)
Beginning balance (in shares) at Dec. 31, 2021	0			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	$ 14,649				14,649
Ordinary shares issued related to share-based compensation (in shares)			5,952,992
Ordinary shares issued related to share-based compensation	0		$ 5,954		(5,954)
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	19,568				19,568
Warrants exercised (in shares)			44,115
Warrants exercised	$ 529		$ 44		485
Ordinary shares repurchased (in shares)	6,436,736			6,436,736
Ordinary shares repurchased	$ (49,341)			$ (49,341)
Net income (loss)	91,758						91,758
Other comprehensive income (loss)	$ (18,336)					(18,336)
Ending balance (in shares) at Dec. 31, 2022	156,797,806		163,234,542
Ending balance at Dec. 31, 2022	$ 1,138,900		$ 163,235	$ (49,341)	1,698,781	(25,471)	(648,304)
Ending balance (in shares) at Dec. 31, 2022	6,436,736			6,436,736
Beginning balance (in shares) at Mar. 31, 2022			163,234,542,000
Beginning balance at Mar. 31, 2022	$ 1,137,982		$ 163,235	$ 0	1,683,310	(7,009)	(701,554)
Beginning balance (in shares) at Mar. 31, 2022				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	3,433				3,433
Ordinary shares repurchased (in shares)				597,513,000
Ordinary shares repurchased	(5,008)			$ (5,008)
Net income (loss)	8,927						8,927
Other comprehensive income (loss)	$ (16,371)					(16,371)
Ending balance (in shares) at Jun. 30, 2022	162,637,029		163,234,542,000
Ending balance at Jun. 30, 2022	$ 1,128,963		$ 163,235	$ (5,008)	1,686,743	(23,380)	(692,627)
Ending balance (in shares) at Jun. 30, 2022	597,513			597,513,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	$ (845)				(845)
Ordinary shares repurchased (in shares)				320,703,000
Ordinary shares repurchased	(2,564)			$ (2,564)
Net income (loss)	106,227						106,227
Other comprehensive income (loss)	$ (18,181)					(18,181)
Ending balance (in shares) at Sep. 30, 2022	162,316,326		163,234,542,000
Ending balance at Sep. 30, 2022	$ 1,213,600		$ 163,235	$ (7,572)	$ 1,685,898	$ (41,561)	$ (586,400)
Ending balance (in shares) at Sep. 30, 2022	918,216			918,216,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ (682,149)	$ 20,629	$ 91,758	$ 24,249
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Founders advisory fees - related party (change in accounting fair value)	0	0	(117,302)	0
Depreciation and amortization expense	9,379	52,000	65,795	58,117
Interest and payment-in-kind on preferred shares	944	0	6,537	0
Share-based compensation	4,821	156	14,649	0
Non-cash lease expense	0	0	5,390	0
Share-based compensation - Founders advisory fees - related party (equity settled)	287,200	0	0	0
Deferred income taxes	(2,155)	(11,244)	(17,000)	(2,684)
Amortization of deferred financing costs	224	14,592	1,602	3,471
Amortization of acquisition related inventory step-up	6,125	0	24,796	0
(Gain) loss on contingent earn-out	198	2,965	(12,706)	0
Unrealized loss (gain) on foreign currency	1,006	4,026	3,462	(5,640)
Loss on disposal of assets	0	0	9	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	27,977	(28,872)	(6,190)	11,734
Inventories	(13,259)	(10,201)	(61,934)	11,170
Prepaid expenses and other current assets	(5,230)	(9,426)	1,922	(9,948)
Other assets	54	884	0	479
Accounts payable	8,194	10,108	9,696	(9,608)
Deferred revenue	332	(149)	(383)	0
Income taxes payable, net	(8,985)	18,835	8,920	(5,860)
Accrued expenses and other current liabilities	436	146	(647)	(5,572)
Founders advisory fees - related party (cash settled)	365,789	0	(53,547)	0
Operating lease liabilities	0	0	(5,072)	0
Other liabilities	3,458	3,542	73	918
Net cash (used in) provided by operating activities	4,359	67,991	(40,172)	70,826
Cash flows from investing activities:
Acquisition of SK Invictus, net of cash acquired	(1,209,155)	0	0	0
Purchase of property and equipment	(1,468)	(8,282)	(8,613)	(7,497)
Purchase price adjustment under Business Combination Agreement	0	0	(1,638)	0
Purchase of businesses, net of cash acquired	0	(7,464)	0	(1,970)
Net cash used in investing activities	(1,210,623)	(15,746)	(10,251)	(9,467)
Cash flows from financing activities:
Ordinary shares repurchased	0	0	(49,341)	0
Proceeds from exercise of warrants	0	0	529	0
Sale of Ordinary Shares issued to Director Subscribers	2,000	0	0	0
Shareholders’ capital distributions	0	(60,000)	0	0
Proceeds from revolving credit facility	40,000	19,500	0	72,100
Repayments of revolving credit facility	(40,000)	(19,500)	0	(97,100)
Repayments of long-term debt	(696,971)	(4,210)	0	(20,610)
Payment of debt issue costs	(2,250)	0	0	0
Net cash used in financing activities	(697,221)	(64,210)	(48,812)	(45,610)
Effect of foreign currency on cash and cash equivalents	(738)	435	431	(3,093)
Net change in cash and cash equivalents	(1,904,223)	(11,530)	(98,804)	12,656
Cash and cash equivalents, beginning of period	10,948	22,478	225,554	9,822
Cash and cash equivalents, end of period	225,554	10,948	126,750	22,478
Supplemental disclosures of cash flow information:
Cash paid for interest	174	24,559	35,488	45,441
Cash paid for income taxes	4,517	7,092	13,488	19,336
Non-cash investing and financing activities:
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	0	0	19,568	0
Redeemable preferred shares issued as consideration for business combination	100,000	0	0	0
Management Subscribers rollover contribution	$ 11,048	$ 0	$ 0	$ 0

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Organization and General Perimeter Solutions, SA, (“PSSA”), a public company limited by shares ( société anonyme ) was incorporated on June 21, 2021 under the laws of the Grand Duchy of Luxembourg for the purpose of effecting a business combination. PSSA is headquartered in the Grand Duchy of Luxembourg with global operations in North America, Europe, and Asia Pacific. EverArc Holdings Limited, the former parent company of PSSA ("EverArc"), was formed for the purpose of undertaking an acquisition of one target company or business. EverArc (BVI) Merger Sub Limited, incorporated in the British Virgin Islands and a wholly-owned subsidiary of PSSA (the "Merger Sub"), was also formed solely in contemplation of a business combination. The Merger Sub had not commenced any operations, had only nominal assets and had no liabilities or contingent liabilities, nor any outstanding commitments other than those in connection with contemplated business combination. Business Combination On November 9, 2021 (the "Closing Date"), PSSA consummated the transactions contemplated by the business combination (the “Business Combination”) with EverArc, SK Invictus Holdings, S.à r.l., ("SK Holdings"), SK Invictus Intermediate S.à r.l., ("SK Intermediate"), doing business under the name Perimeter Solutions ("Perimeter" or "Perimeter Solutions") and the Merger Sub pursuant to a business combination agreement (the “Business Combination Agreement”) dated June 15, 2021. The term the “Company” refers to PSSA and its consolidated subsidiaries, including SK Intermediate, Perimeter or Perimeter Solutions, after the closing of the Business Combination (the “ Closing ”). Pursuant to the Business Combination Agreement, • On November 8, 2021: • the Merger Sub merged with and into EverArc, with EverArc surviving such merger as a direct wholly-owned subsidiary of PSSA (the “ Merger ”); • pursuant to the Merger, 155,832,600 EverArc Ordinary Shares (the “EverArc Ordinary Shares ”) outstanding immediately prior to the Merger were exchanged for ordinary shares of PSSA (the “ Ordinary Shares ”); and • 34,020,000 outstanding EverArc Warrants (the “EverArc Warrants”) were converted into the right to purchase Ordinary Shares with each whole EverArc Warrant entitling the holder thereof to purchase one-fourth of one Ordinary Share at an exercise price of $12.00 per whole Ordinary Share (the “ Warrants ”); and On November 8, 2021, pursuant to separate subscription agreements (collectively, the “Subscription Agreements”) entered into among EverArc, SK Holdings, PSSA and other investors, including investors affiliated with SK Holdings purchased an aggregate of 115,000,000 EverArc Ordinary Shares at $10.00 per share (collectively, the “PIPE Subscribers”) that were converted into Ordinary Shares pursuant to the Merger. • On November 9, 2021: • SK Holdings (i) along with officers and certain key employees of SK Intermediate contributed a portion of their ordinary shares in SK Intermediate to PSSA in exchange for 10 million 6.50% Redeemable Preferred Shares of PSSA (“Redeemable Preferred Shares"), nominal value of $10.00 per share, valued at $100.0 million and (ii) sold its remaining ordinary shares in SK Intermediate for approximately $1,900.0 million in cash subject to certain customary adjustments for working capital, transaction expenses, cash and indebtedness. • Ordinary Shares , nominal value, $1.00 per share, listed and began trading on New York Stock Exchange ("NYSE") under the symbol "PRM"; and • members of management of SK Intermediate (collectively, the “Management Subscribers”) were granted an aggregate of 1,104,810 Ordinary Shares at $10.00 per share as consideration and two of the Company’s directors (the “Director Subscribers”) purchased an aggregate of 200,000 Ordinary Shares (the “Director Shares”) at $10.00 per share. • $675.0 million principal amount of 5.00% senior secured notes due October 30, 2029 ("Senior Notes") issued by EverArc Escrow S.à r.l. (“ Escrow Issuer ”) was assumed by SK Invictus Intermediate II S.à r.l., a wholly-owned subsidiary of PSSA (“SK Intermediate II.”) The cash consideration for the Business Combination was funded through cash on hand, proceeds from the sale of Ordinary Shares, proceeds from the issuance of S enior Notes and borrowings under the Company’s revolving credit facility. Business Operations Perimeter Solutions is a global solutions provider for the fire safety and specialty products industries. Approximately 74% of the Company's annual revenues is derived in the United States, approximately 15% in Europe, approximately 5% in Canada and approximately 2% in Mexico, with the remaining approximately 4% spread across various other countries. The Company’s business is organized and managed in two reporting segments: Fire Safety and Specialty Products (formerly Oil Additives). The Fire Safety business is a formulator and manufacturer of fire management products that help the Company’s customers combat various types of fires, including wildland, structural, flammable liquids and other types of fires. The Company’s Fire Safety business also offers specialized equipment and services, typically in conjunction with its fire management products to support firefighting operations. The Company’s specialized equipment includes air base retardant storage, mixing, and delivery equipment; mobile retardant bases; retardant ground application units; mobile foam equipment; and equipment that it custom designs and manufactures to meet specific customer needs. Significant end markets include primarily government-related entities and are dependent on approvals, qualifications, and permits granted by the respective governments and commercial customers around the world. In June 2022, the Oil Additives segment, which produces and sells Phosphorus Pentasulfide ("P 2 S 5 ") , was renamed the Specialty Products segment to better reflect the current and expanding applications for P 2 S 5 in several end markets and applications, including lubricant additives, various agricultural applications, various mining applications, and emerging electric battery technologies. Within the lubricant additive end market, currently the Company’s largest end market application, P 2 S 5 is primarily used in the production of a family of compounds called Zinc Dialkyldithiophosphates (“ ZDDP ”) , which is considered an essential component in the formulation of engine oils with its main function to provide anti-wear protection to engine components. P 2 S 5 is also used in pesticide and mining chemicals applications. Global Economic Environment Russia’s Invasion of Ukraine In February 2022, Russia invaded Ukraine. While Perimeter has limited exposure in Russia and Ukraine, the Company continues to monitor any broader impact to the global economy, including with respect to inflation, supply chains and fuel prices. The full impact of the conflict on the Company’s business and financial results remains uncertain and will depend on the severity and duration of the conflict and its impact on regional and global economic conditions. Inflationary Cost Environment During fiscal 2021 and continuing into the current fiscal year, global commodity and labor markets experienced significant inflationary pressures attributable to ongoing economic recovery and supply chain issues. Perimeter is subject to inflationary pressures with respect to raw materials, labor and transportation. Accordingly, the Company continues to take actions with its customers and suppliers to mitigate the impact of these inflationary pressures in the future. Actions to mitigate inflationary pressures with suppliers include aggregation of purchase requirements to achieve optimal volume benefits, negotiation of cost-reductions and identification of more cost competitive suppliers. While these actions are designed to offset the impact of inflationary pressures, the Company cannot provide assurance that they will be successful in fully offsetting increased costs resulting from inflationary pressure. Interest payments for borrowings under the Company’s revolving credit facility are based on variable rates. As a result, an increase in interest rates may reduce the Company’s cash flow available for other corporate purposes. Ongoing COVID-19 Pandemic The pandemic caused by an outbreak of a novel strain of coronavirus, SARS-CoV-2, which causes COVID-19 (“COVID-19”) that began in December 2019 introduced significant volatility to the global health and economic environment, including millions of confirmed COVID-19 cases, business slowdowns or shutdowns, government challenges and market volatility throughout 2020 into 2022. While the ongoing impact from the COVID-19 pandemic has subsided, disruptions to supply chains, transportation efficiency, and availability of raw materials and labor continue to persist. The exact pace and timing of the economic recovery remains uncertain and is expected to continue to be uneven depending on various factors. As the consequences of the pandemic and adverse impact to the global economy continue to evolve, the future adverse impact on the Company’s business and financial statements remains subject to uncertainty as of the date of this filing.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS Summary of Significant Accounting Policies Basis of Presentation In connection with the Business Combination, the Merger was accounted for as a common control transaction, where substantially all of the net assets of PSSA will be those previously held by EverArc and are recognized by PSSA at EverArc’s carrying value. Upon the acquisition of SK Intermediate, PSSA was determined to be the legal and accounting acquirer (the "Successor") and SK Intermediate was deemed to be the accounting predecessor (the "Predecessor"). The business combination of SK Intermediate was accounted for using the acquisition method of accounting and the Successor financial statements reflect a new basis of accounting based on the fair value of the net assets acquired. As a result of the application of the acquisition method of accounting, the Company’s consolidated financial statements and certain presentations are separated into two distinct periods to indicate the different ownership and accounting basis between the periods presented, the period before the consummation of the Business Combination, which includes the period from January 1, 2021 to November 8, 2021 (the “2021 Predecessor Period”); the year ended December 31, 2020 (the “2020 Predecessor Period”); and the period on and after the consummation of the Business Combination, from the Closing Date to December 31, 2021 (the “2021 Successor Period”). The accompanying consolidated statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). The consolidated financial statements for the prior periods include certain reclassifications that were made to conform to the current period presentation. Such reclassifications have no impact on previously reported consolidated financial position, results of operations or cash flows. Principles of Consolidation The consolidated financial statements have been prepared in accordance with U.S. GAAP. The consolidated financial statements include the accounts of the Company and its subsidiaries after elimination of intercompany transactions and balances. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates made by management in connection with the preparation of the accompanying consolidated financial statements include the fair value of purchase consideration and assets acquired and liabilities assumed in a business combination, the useful lives of long-lived assets, inventory valuations, the allocation of transaction price among various performance obligations, the allowance for doubtful accounts, the fair value of financial assets and liabilities, valuation of goodwill, indefinite life intangible assets, stock options, founder advisory fees, contingent earn-out liability and realizability of deferred tax assets. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents consist of cash in banks. For purposes of reporting cash and cash equivalents, the Company considers all deposits with an original maturity of three months or less to be cash equivalents. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are stated at the amounts due from customers for products or services provided. The Company evaluates the collectability of its accounts receivable based on management's estimate for expected credit losses for outstanding accounts receivables. The Company determines expected credit losses based upon a number of factors, including historical experience, the likelihood of payment from its customers, and any other known specific factors associated with its customers. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable and reassess the adequacy of the allowance each reporting period. Account balances are charged-off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company had an allowance for doubtful accounts of $0.9 million and $1.0 million as of December 31, 2022 and 2021, respectively. Inventories Inventories are stated at the lower of cost or net realizable value using the weighted-average cost method. The Company evaluates inventories periodically during each reporting period for obsolete, excess, or slow-moving products and will record any adjustment, if necessary, to report these items at an estimated net realizable value. As of December 31, 2022 and 2021, the reserve for inventory obsolescence was insignificant. Property, Plant and Equipment, Net Property, plant and equipment acquired in business combinations are recorded at fair value at the date of acquisition. All other property, plant and equipment are stated at cost less accumulated depreciation. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation and amortization are removed from the consolidated balance sheets and the resulting gain or loss is reflected in the consolidated statements of operations and comprehensive income (loss) in the period realized. Costs of maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows: Years Buildings 30–40 years Furniture and fixtures 1–8 Years Machinery and equipment 1–26 Years Vehicles 1–8 Years Leasehold improvements Shorter of remaining lease term or estimated useful life Business Combinations The Company accounts for its business combinations using the acquisition accounting method, which requires it to determine the fair value of identifiable assets acquired and liabilities assumed, including any contingent consideration, to properly allocate the purchase price to the individual assets acquired and liabilities assumed and record any residual purchase price as goodwill in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations. The Company records assets acquired and liabilities assumed at their respective fair value at the date of acquisition. Management uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date. Such estimates are inherently uncertain and may be subject to refinement. If the initial accounting for the business combination has not been completed by the end of the reporting period in which the business combination occurs, provisional amounts are reported to present information about facts and circumstances that existed as of the acquisition date. During the measurement period of up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill, to the extent such information was not available to the Company at the acquisition date to determine such amounts. Accounting for business combinations requires the Company to make significant estimates and assumptions at the acquisition date, including estimates of the fair value of acquired inventory, property and equipment, identifiable intangible assets, contractual obligations assumed, preacquisition contingencies, where applicable, and equity issued. Significant assumptions relevant to the determination of the fair value of the assets acquired and liabilities assumed include, but are not limited to, future expected cash flows, discount rates, royalty rates, and other assumptions. The approach to valuing an initial contingent consideration associated with the purchase price also uses similar unobservable factors such as projected revenues and expenses over the term of the contingent earn-out period, discounted for the period over which the initial contingent consideration is measured, and relevant volatility rates. Based upon these assumptions, the initial contingent consideration is then valued using a Monte Carlo simulation. All acquisition-related costs, other than the costs to issue debt or equity securities, are accounted for as expenses in the period in which they are incurred. Changes in the fair value of contingent consideration arrangements that are not measurement period adjustments are recognized in earnings. Goodwill Goodwill is deemed to have an indefinite life and is subject to at least annual impairment assessments at the reporting unit level or more frequently when events or circumstances occur that indicate that it is more likely than not that an impairment has occurred. The Company conducts an annual impairment test on October 1st each year. The Company performs a qualitative assessment to determine whether it is more likely than not that goodwill is impaired. Factors utilized in the qualitative assessment include macroeconomic conditions, industry and market considerations, cost factors, overall financial performance and Company specific events. If the qualitative assessment indicates it is more likely than not that goodwill is impaired, the entity performs a quantitative assessment, which consists of a comparison of the fair value of the reporting unit with its carrying amount. The Company’s reporting units are either its operating business segments or one level below its operating business segments for which discrete financial information is available and for which operating results are regularly reviewed by the business management. The Company estimates the fair value based on combination of the income and market present value techniques involving future cash flows. Future cash flows for all reporting units include assumptions about revenue growth rates, adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) margins, discount rate as well as other economic or industry-related factors. Significant management judgment is involved in estimating these variables and they include inherent uncertainties since they are forecasting future events. The Company performs a sensitivity analysis by using a range of inputs to confirm the reasonableness of these estimates being used in the goodwill impairment analysis. The Company uses a Weighted Average Cost of Capital (“WACC”) approach to determine its discount rate for goodwill recoverability testing. WACC calculation incorporates industry-weighted average returns on debt and equity from a market perspective. The factors in this calculation are largely external to the Company and, therefore, are beyond its control. In accordance with the accounting guidance, the Company elected to bypass the qualitative assessment and proceeded directly to performing a quantitative goodwill impairment test. On October 1, 2022, the Company performed a quantitative assessment for its Fire Safety and Specialty Products reporting units to determine whether impairment exists from the most recent valuation date due to current adverse macro-economic conditions, including but not limited to supply chain delays, geopolitical conflict and more recently from unfavorable changes in foreign exchange rates due to strengthening of the U.S. dollar, steady increase in federal funds rates by Federal Reserve and decline in market price of the Company’s Ordinary Shares. In determining the fair value of the reporting unit, the Company used a combination of the income and market approaches to estimate the reporting unit’s business enterprise value. The estimated fair value for the Fire Safety and Specialty Products reporting units exceeded their related carrying values as of October 1, 2022. As a result, no goodwill impairment was recorded. There was no impairment of goodwill during the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period or 2020 Predecessor Period. Intangible Assets Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives, which vary depending on the type of intangible assets. Costs to maintain and extend intangible assets are expensed as incurred. In determining the estimated useful lives of definite-lived intangibles, the Company considers the nature, competitive position, life cycle position and historical and expected future operating cash flows of each acquired assets, as well as its commitment to support these assets through continued investment and legal infringement protection. Impairment of Long-Lived Assets Long-lived assets include acquired property, plant, and equipment and intangible assets subject to amortization. The Company evaluates the recoverability of long-lived assets for possible impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be fully recoverable. Such events and changes may include significant changes in performance relative to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in the Company’s business strategy. The Company determines the recoverability of such assets by comparing an asset’s respective carrying value to estimates of the sum of the undiscounted future cash flows expected to result from its asset group. If such review indicates that the carrying amount of long-lived assets is not recoverable, the carrying amount of such assets is reduced to fair value. As of December 31, 2022, based on the consideration of impairment indicators, the Company determined that there were no indications that the carrying values of the Company’s asset groups are not recoverable, as a result, it concluded that there was no impairment of long-lived assets. There were no impairments of long-lived assets during the 2021 Successor Period, 2021 Predecessor Period or 2020 Predecessor Period. Revenue Recognition The Company follows the guidance in ASC Topic 606, Revenue from Contracts with Customers , which requires a company to recognize revenue when the company transfers control of promised goods and services to the customer. Revenue is recognized in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. A company also is required to disclose sufficient quantitative and qualitative information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company derives its revenue from contracts with customers, which comprise of following principal activities as described: • Full-service air base fire retardant includes sales from the supply and service of fire retardant to designated air tanker bases. The Company provides fire retardant product, the related equipment, and service personnel who operate the related equipment at the designated air tanker bases for the period specified in the contract with respect to each designated air tanker base. Product revenues are recognized at the point in time when product is shipped and control is transferred to the customer, typically when the product is consumed by the customer. The component of service revenue is recognized ratably over time as the customer simultaneously receives and consumes the services. The Company has entered into full-service contracts with the U.S. Forest Service (“USFS”) and the state of California. These contracts are between Perimeter Solutions and the USFS and/or the state of California for supply and service of long-term fire retardant to the designated air tanker bases of certain Government agencies. The revenue derived from these contracts is comprised of three performance obligations, namely product sales, providing operations and maintenance personnel services and leasing of specified equipment. The performance obligation for product sales is satisfied at a point in time, while for services and leases it is a “stand-ready obligation” and the revenue is recognized straight-line over the service period. Control of a product is deemed to be transferred to the customer upon shipment or delivery. • Fire retardant, suppressant, and related equipment includes domestic and international sales of fire retardant and fire suppressant products. Product revenues are recognized at the point in time when control of the product is transferred to the customer which is upon shipment or delivery of the product to the customer, depending on the underlying contract terms. • Specialty products includes domestic and international sales of oil additive products by the Company entities in the U.S. and Germany. Product revenues are recognized at the point in time when control of the product is transferred to the customer which is upon shipment or delivery of the product to the customer, depending on the underlying contract terms. The Company uses the policy election to account for the shipping and handling activities as activities to fulfill the Company’s promise to transfer goods to the customer, rather than as a performance obligation. Accordingly, the costs of the shipping and handling activities are accrued for at the time of shipment. The transaction price of a contract, or the amount the Company expects to receive upon satisfaction of all performance obligations, is determined by reference to the contract’s terms and includes adjustments, if applicable, for any variable consideration, such as sales incentives, wherever these adjustments are material. For full service contracts the transaction price is variable and is based upon gallons of product consumed by the customer during the service period i.e., mobilization period, which typically lasts during May through September. The Company includes the estimated amount of variable consideration in transaction price that it expects to receive to the extent it is probable that a significant revenue reversal will not occur. Sales and other taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, which are collected by the Company from a customer, are excluded from revenue. Payment terms vary by contract and sales to customers are deemed collectible at the time of sale based on customer history, prior credit checks, and controls around customer credit limits. The Company does provide for the right to return; however, most of the product is used at the point of purchase and returns are minimal. Therefore, there is no estimated obligation for returns. Standard terms of delivery are generally included in the Company's contracts of sale, order confirmation documents and invoices. Cost to Obtain Contract Incremental costs of obtaining a contract include only those costs that are directly related to the acquisition of contracts, including sales commissions, and that would not have been incurred if the contract had not been obtained. The Company recognizes an asset for the incremental costs of obtaining a contract with a customer if it is expected that the economic benefit and amortization period will be longer than one year. Costs to obtain contracts were not material in the periods presented. Deferred Revenue Deferred revenue represents billings under noncancelable contracts before the related product or service is transferred to the customer. The portion of deferred revenue that is anticipated to be recognized as revenue during the succeeding twelve-month period is recorded as deferred revenue and the remaining portion is recorded as deferred revenue, non-current. The contracts entered by the Company have duration of one year or more. Any billings made to the customer during the financial year for which the related product or service is yet to be delivered on the cutoff date, i.e., December 31, is recognized as deferred revenue. There was no deferred revenue as of December 31, 2022 and $0.4 million as of December 31, 2021. For full-service fire-retardant contracts, the Company identifies the fire-retardant product and the services as separate units of account. Substantially all performance obligations are satisfied by the end of the annual financial reporting period and the allocation of transaction price to each performance obligation does not have an impact on the recognition and measurement of revenues for the annual reporting period. There were no contract assets, contract obligations, or material rights as of December 31, 2022 and 2021. Deferred Financing Fees Successor As of December 31, 2022 and 2021 , unamortized debt issue costs of $9.7 million and $10.9 million, respectively, for the Company's Senior Notes were carried as a contra liability and are amortized over the term of the related debt using the effective interest method. As of December 31, 2022 and 2021 , unamortized deferred financing costs of $1.7 million and $2.2 million, respectively, for the Company’s five-year revolving credit facility (the “Revolving Credit Facility”) were carried as a long-term asset and were amortized on a straight-line basis into interest expense over the term of the Revolving Credit Facility. Amortization of deferred financing fees was $1.2 million and $0.2 million for Senior Notes and $0.5 million and $0.1 million for the Revolving Credit Facility during the year ended December 31, 2022 and 2021 Successor Period, respectively, and is presented as a component of interest expense in the consolidated statements of operations and comprehensive income (loss). Predecessor In connection with the Business Combination, on the Closing Date, the unamortized original issue discount and debt issuance costs of $11.0 million on term loans and unamortized deferred financing costs of $0.8 million on revolving line of credit were written off to interest expense upon extinguishment of the related debt. Amortization of deferred financing fees for the 2021 Predecessor Period and 2020 Predecessor Period for the term loans and revolving line of credit was $14.6 million and $3.5 million, respectively, and is presented as a component of interest expense in the consolidated statements of operations and comprehensive income (loss). Income Taxes Income taxes are accounted for under the asset-and-liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities, as well as loss and tax credit carryforwards and their respective tax bases measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income in assessing the need for a valuation allowance. Deferred tax assets and deferred tax liabilities are presented as non-current in a classified balance sheet. The Company’s tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not the position will be sustainable upon examination by the taxing authority, including resolution of any related appeals or litigation processes. This evaluation is based on all available evidence and assumes that the tax authorities have full knowledge of all relevant information concerning the tax position. The tax benefit recognized is measured as the largest amount of benefit which is more likely than not (greater than 50% likely) to be realized upon ultimate settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in income tax expense (benefit). The Company makes adjustments to these reserves in accordance with the income tax guidance when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different from the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made and could have a material impact on the Company’s financial condition and operating results. Leases In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which requires lessees to recognize a right of use (“ROU”) asset and a lease liability on their balance sheet for all leases, including operating leases, with a term of greater than 12 months. The Company adopted this standard as of January 1, 2022 at December 31, 2022, which resulted in an increase of $18.7 million in ROU assets and $18.4 million in lease liabilities as of January 1, 2022, for certain commitments primarily related to manufacturing facilities, real estate, vehicles, and field equipment. Prior reporting periods are presented in accordance with historical accounting treatment under ASC Topic 840, Leases (“ASC 840”). The adoption of the standard did not have a material impact on the Company’s results of operations or cash flows. Refer to Note 6, "Leases," for additional disclosures. Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. When a single amount cannot be reasonably estimated but the cost can be estimated within a range, the Company accrues the minimum amount. Legal costs incurred in connection with loss contingencies are expensed as incurred. Foreign Currencies The functional and reporting currencies for all Luxembourg entities are in U.S. dollars. The functional currency for the Company’s remaining non-U.S. subsidiaries is the local currency. The assets and liabilities of foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect as of the balance sheet date except for non-monetary assets and liabilities, which are measured at historical exchange rates and revenues and expenses are translated at the average exchange rates for each respective reporting period. Adjustments resulting from translating local currency financial statements into U.S. dollars are reflected in accumulated other comprehensive loss in shareholders’ equity. The Company does not recognize deferred taxes on translation adjustments from its investments in foreign subsidiaries that are essentially permanent in duration. Transactions denominated in currencies other than the functional currency are remeasured based on the exchange rates at the time of the transaction. Foreign currency gains and losses arising primarily from changes in exchange rates on foreign currency denominated intercompany loans and other intercompany transactions and balances between foreign locations are recorded in the consolidated statements of operations and comprehensive income (loss). Realized and unrealized gains (losses) resulting from transactions conducted in foreign currencies for the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period were $(4.0) million, $(1.0) million, $(4.1) million and $5.8 million, respectively. Share-Based Compensation Performance stock options - Successor The performance-based non-qualified stock options ("PBNQSO") granted to employees and non-employees are subject to performance conditions such that the number of awards that ultimately vest depends on the calculation of annual operational performance per diluted share (“AOP”) during the performance period compared to targets established at the award date. Because the terms of the PBNQSO provide discretion to make certain adjustments to the performance calculation, the service inception date of these awards precedes the grant date. Accordingly, the Company recognizes compensation expense beginning on the service inception date and remeasures the fair value of the awards until a grant date is established. The estimate of the awards’ fair values will be fixed in the period in which the grant date occurs, and cumulative compensation expense will be adjusted based on the fair values calculated using the Black-Scholes option-pricing model at the grant date. The fair value for PBNQSO for which a grant date has not been established is estimated on the last date of the reporting period using the Black-Scholes option-pricing model. The Company records forfeitures as they are incurred. The fair value of PBNQSO is expensed proportionately for each tranche over the applicable service period in which the performance conditions are deemed probable of achievement. The assumptions used in the Black-Scholes option-pricing model are as follows: • Exercise price. The Company's ordinary share’s fair market value on the date of grant. • Fair Market Value of Ordinary Shares. Subsequent to the Business Combination, the period end fair market value is the quoted market price of the Company's Ordinary Shares. • Expected term. The expected term of stock options represents the period that the stock options are expected to remain outstanding and is based on vesting terms, exercise term and contractual lives of the options. The expected term is based on the simplified method and is estimated as the average of the weighted average vesting term and the time to expiration as of the period end date. The simplified method was used due to the lack of historical exercise information. • Expected volatility. As the Company does not have sufficient historical stock price information to meet the expected life of the stock option grants, it uses a blended volatility, based on Company’s short trading history and on the trading history from the common stock of a set of comparable publicly listed companies. • Risk-free interest rate. The risk-free interest rate is based on the U.S. Treasury yield with a maturity equal to the expected term of the stock options in effect at the time of grant. • Dividend yield. The expected dividend is assumed to be zero as the Company has never paid dividends and has no current plan to pay any dividends on its Ordinary Shares. Restricted stock units - Successor Restricted stock units are valued using the market price of the Company's Ordinary Shares on the grant date. The grant date fair value of the restricted stock units is expensed on a straight-line basis over the applicable vesting period. Founder Advisory Fees - Successor An advisory agreement was entered into on December 12, 2019 by EverArc ("Founder Advisory Agreement") with EverArc Founders, LLC, a Delaware limited liability company ("EverArc Founder Entity"). Upon consummation of the Business Combination, the Company assumed the Founder Advisory Agreement. The EverArc Founder Entity, for the services provided to the Company, including strategic and capital allocation advice, will be entitled to receive both a fixed amount (the “ Fixed Annual Advisory Amount”) and a variable amount (the “ Variable Annual Advisory Amount ,” each an “ Advisory Amount ” and collectively, the “ Advisory Amounts ”) until the years ending December 31, 2027 and 2031, respectively . Under the Founder Advisory Agreement, at the election of the EverArc Founder Entity, at least 50% of the Advisory Amounts will be paid in Ordinary Shares and remainder in cash. The Advisory Amounts to be paid in Ordinary Shares is recorded within shareholders’ equity at grant date fair value and the Advisory Amounts to be paid in cash is recorded as liability in the accompanying consolidated balance sheets. For the Advisory Amounts classified as liability, the Company will remeasure the fair value at each reporting date. The Fixed Annual Advisory Amount will be equal to 2,357,061 Ordinary Shares ( 1.5% of 157,137,410 Ordin

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS ACQUISITIONS	BUSINESS ACQUISITIONS Successor Business Combination – Perimeter Solutions Pursuant to the Business Combination Agreement, each of the following transactions occurred, in the following order: • On November 8, 2021: • the Merger Sub merged with and into EverArc, with EverArc surviving such merger as a direct wholly-owned subsidiary of PSSA. 40,832,600 EverArc Ordinary Shares outstanding immediately prior to the Merger were exchanged for an equal number of Ordinary Shares; • pursuant to the Subscription Agreements the PIPE Subscribers purchased an aggregate of 115,000,000 EverArc Ordinary Shares at $10.00 per share that were converted into Ordinary Shares pursuant to the Merger; • 34,020,000 outstanding EverArc Warrants were converted into the right to purchase one Ordinary Share with each whole warrant entitling the holder thereof to purchase one-fourth of one Ordinary Share at an exercise price of $12.00 per whole Ordinary Share; and • On November 9, 2021: • SK Holdings (i) along with officers and certain key employees of SK Intermediate contributed a portion of their ordinary shares in SK Intermediate to PSSA in exchange for 10 million Redeemable Preferred Shares of PSSA, nominal value of $10.00 per share, valued at $100.0 million and (ii) sold its remaining ordinary shares in SK Intermediate for approximately $1,900.0 million in cash subject to certain customary adjustments for working capital, transaction expenses, cash and indebtedness; • Ordinary Shares, nominal value, $1.00 per share, listed and began trading on the NYSE under the symbol "PRM"; and • the Management Subscribers were granted an aggregate of 1,104,810 Ordinary Shares at $10.00 per share as consideration and the Director Subscribers purchased an aggregate of 200,000 Ordinary Shares at $10.00 per share. • $675.0 million Senior Notes issued by the Escrow Issuer was assumed by SK Intermediate II. The cash consideration for the Business Combination was funded through cash on hand, proceeds from the sale of the Ordinary Shares, proceeds from the issuance of Senior Notes and borrowing under the revolving credit facility. The cash balance on the Closing Date consisted of the following (in thousands): Amount Capital contribution from EverArc $ 315,807 Proceeds from PIPE Subscribers 1,150,000 Senior Notes, net of issue costs 663,970 Total $ 2,129,777 The Merger between PSSA and EverArc was accounted for as a common control transaction, whereby all of the net assets of PSSA were those previously held by EverArc at historical cost, with no goodwill or other intangible assets recorded. The acquisition of SK Intermediate was accounted for under the acquisition method. The acquisition method of accounting is based on FASB ASC 805, Business Combinations (“ASC 805”), and uses the fair value concepts defined in FASB ASC 820, Fair Value Measurements. ASC 805 requires, among other things, that the assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date including an amount for goodwill calculated as the difference between the acquisition consideration and the fair value of the identifiable net assets. The purchase price was allocated to tangible and identifiable intangible assets acquired and liabilities assumed. The total purchase price consideration and its final allocation for SK Intermediate was as follows (in thousands): At November 9, 2021 Purchase Consideration: Cash consideration $ 1,220,103 Management Subscribers rollover contribution 11,048 Redeemable Preferred Shares 100,000 Fair value of total consideration transferred $ 1,331,151 Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed: Property, plant and equipment $ 62,689 Inventory 100,246 Tradenames 101,000 Customer lists 761,000 Existing technology and patents 250,000 Working capital 27,379 Other assets (liabilities), net (832) LaderaTech contingent earn-out (1) (19,781) Long-term debt (696,971) Deferred tax liabilities (299,474) Total fair value of net assets acquired 285,256 Goodwill (2) 1,045,895 Total $ 1,331,151 (1) Refer to the LaderaTech Acquisition. (2) Of the total goodwill amount herein, $871.4 million has been allocated to Fire Safety segment and $174.5 million has been allocated to Specialty Products segment. In accordance with the acquisition method of accounting, the purchase price for the SK Intermediate acquisition has been allocated to the assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. The fair value estimates were based on, but not limited to quoted market prices, where available; expected future cash flows based on estimated growth in sales for the Company’s products; estimated costs to develop, procure, produce and deliver its products; current replacement cost for similar capacity for certain fixed assets; market rate assumptions for contractual obligations and appropriate discount rates and growth rates. The excess of the total consideration over the estimated fair value of the amounts initially assigned to the identifiable assets acquired and liabilities assumed has been recorded as goodwill. The goodwill is primarily related to extensive industry expertise and continuing innovation at SK Intermediate, resulting in sales growth from future products and service offerings as well as new customers, together with certain intangible assets that do not qualify for separate recognition. Goodwill recorded in connection with the acquisition is not deductible for income tax purposes. Pursuant to the Business Combination Agreement, EverArc entered into an escrow agreement with SK Holdings and Wilmington Trust, N.A., a national banking association, as escrow agent, which provided that approximately $7.6 million of the cash consideration payable pursuant to the Business Combination Agreement be held in escrow pending a determination of the post-Closing purchase price adjustments under the Business Combination Agreement. During 2022, the post-Closing purchase price adjustments under the Business Combination Agreement were finalized. Approximately $7.6 million held in escrow was released and an additional $2.4 million related to the difference in estimated and actual working capital as of the Closing Date was recognized with $1.6 million paid to SK Holdings and $0.8 million of uncollectable accounts and notes receivable were written-off. Transaction costs associated with the Business Combination were $59.5 million. Of this amount, $56.4 million was incurred by EverArc through the Closing Date and is included in accumulated deficit as of November 9, 2021 in the accompanying consolidated statement of shareholders’ equity and the remaining $3.1 million was reflected in the 2021 Predecessor Period in other operating expense in the accompanying consolidated statements of operations and comprehensive income (loss). The Company also incurred a total of $13.3 million of debt issuance costs in connection with the consummation of the Business Combination related to the establishment of the Revolving Credit Facility and the issuance of the Senior Notes. Predecessor Magnum Asset Acquisition On July 1, 2021, the Company used cash provided by operations to purchase all of the assets of Magnum Fire & Safety Systems ("Magnum"). The asset purchase agreement provided for approximately $1.2 million in cash to be paid at closing. The Magnum acquisition expands the Company’s access to new markets and is expected to result in additional revenue in firefighting foam equipment and systems within the Fire Safety segment. The Company has performed a purchase price allocation, where the Company allocated $1.2 million to goodwill in the predecessor entity. Individual assets and liabilities included within the balance sheet were not material. PC Australasia Asset Acquisition On April 1, 2021, the Company used the cash provided by operations to purchase all of the wildfire retardant and foam assets of PC Australasia Pty Ltd ("PC Australasia"). The asset purchase agreement provided for approximately $2.7 million in cash to be paid at closing. The PC Australasia acquisition provides the Company direct access to existing markets within the Fire Safety segment. The Company has performed a purchase price allocation, where the Company allocated $1.0 million to goodwill in the predecessor entity. Other amounts allocated to the individual assets and liabilities included within the balance sheet were not material. Budenheim Asset Acquisition On March 2, 2021, the Company used the cash provided by operations to purchase all of the wildfire retardant and foam assets of Budenheim Iberica, S.L.U ("Budenheim"). The asset purchase agreement provided for approximately $3.6 million in cash to be paid at closing. The Budenheim acquisition expanded the Company’s access to new markets and is expected to result in additional revenue within the Fire Safety segment. The Company has performed a purchase price allocation, where the Company allocated $3.2 million to goodwill in the predecessor entity. Other amounts allocated to the individual assets and liabilities included within the balance sheet were not material. For segment reporting purposes, the results of operations and assets from the above acquisitions have been included in the Company’s Fire Safety segment since the respective acquisition dates. For the 2021 Successor Period and 2022 Predecessor Period, sales, earnings related to the operations consisting of the assets and liabilities and direct costs related to Magnum, PC Australasia and Budenheim were not material. Pro forma financial information has not been presented for these acquisitions as the net effects were neither significant nor material to the Company’s results of operations or financial position. LaderaTech Acquisition On May 7, 2020, the Company used proceeds from general business operations to purchase all of the outstanding shares of LaderaTech, Inc. (“LaderaTech”). The LaderaTech acquisition expands the Company’s access to the long-term retardant market and is expected to generate synergies within the Fire Safety service industry. Under the equity purchase agreement, the fair value of the consideration transferred was $21.8 million, which included an initial cash payment of $2.0 million and $19.8 million in estimated fair value of contingent future payments. The future payments are contingent upon an earn-out based on achieving certain thresholds of revenues through December 31, 2026 with an estimated fair value of $17.0 million at the acquisition date. Payment was also contingent upon the acquired technology being listed on the U.S. Forest Service’s Qualified Product List (“QPL”), valued at $2.8 million at the acquisition date. The acquired technology was listed on the QPL during 2021 and the Company made a $3.0 million payment. As of December 31, 2022 and 2021, the estimated fair value of contingent consideration was $7.3 million and $20.0 million, respectively. The following table summarizes the consideration transferred for the LaderaTech acquisition and the fair value of the assets acquired and liabilities assumed at the acquisition date (in thousands): May 7, 2020 Purchase Consideration: Cash $ 2,016 Contingent earn-out 19,816 Total purchase consideration $ 21,832 Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed: Cash $ 46 Net working capital (38) In-process research and development 20,200 Deferred tax liability (5,282) Total fair value of net assets acquired 14,926 Goodwill 6,906 Total $ 21,832 The actual results of operations of the acquisition have been included in the accompanying consolidated statements of operations and comprehensive income (loss) from the date of acquisition. The following table summarizes LaderaTech acquisition revenue and earnings included in the accompanying consolidated statements of operations and comprehensive income (loss) from May 7, 2020 through December 31, 2020 (in thousands): May 7, 2020 - Net sales $ 609 Net loss (343) The unaudited pro forma financial information in the table below summarizes the combined results of operations for the Company and the LaderaTech acquisition as if the acquisition had occurred on January 1, 2020. Pro forma information for the year ended December 31, 2022, 2021 Successor Period and 2021 Predecessor Period is not presented below as LaderaTech’s results were included for the entire period. The unaudited pro forma financial information as presented below is for illustrative purposes and does not purport to represent what the results of operations would actually have been if the business combinations occurred as of the date indicated or what the results would be for any future periods (in thousands): Year Ended December 31, 2020 Pro forma net sales $ 339,579 Pro forma net income (loss) 23,815 The amount allocated to goodwill for the acquisitions is not deductible for income tax purposes. The goodwill is attributable primarily to strategic and synergistic opportunities, the assembled workforces acquired and other factors. The fair value of the contingent consideration was estimated using the Monte Carlo valuation approach. See Note 12, Fair Value Measurements, for additional information related to the fair value measurement of the contingent consideration. For segment reporting purposes, the results of operations and assets from the LaderaTech acquisition have been included in the Company’s Fire Safety segment since the acquisition date. Direct costs of the acquisition were not material and were expensed as incurred, and they are included in other operating expenses in the consolidated statement of operations and comprehensive income (loss) during the year ended December 31, 2020.

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BALANCE SHEET COMPONENTS	BALANCE SHEET COMPONENTS Details of certain balance sheet items are presented below (in thousands): December 31, 2022 December 31, 2021 Inventory: Raw materials and manufacturing supplies $ 65,968 $ 34,008 Work in process 248 213 Finished goods 76,745 72,689 Total inventory $ 142,961 $ 106,910 Prepaid Expenses and Other Current Assets: Advance to vendors $ 2,047 $ 2,984 Prepaid insurance 5,870 8,441 Prepaid value-added taxes 2,872 1,202 Other 1,162 1,534 Total prepaid expenses and other current assets $ 11,951 $ 14,161 Property, Plant and Equipment: Buildings $ 3,948 $ 4,021 Leasehold improvements 2,333 2,301 Furniture and fixtures 344 558 Machinery and equipment 58,314 50,177 Vehicles 4,106 4,579 Construction in progress 1,953 1,983 Total property, plant and equipment, gross 70,998 63,619 Less: Accumulated depreciation (12,152) (1,372) Total property, plant and equipment, net $ 58,846 $ 62,247 Accrued Expenses and Other Current Liabilities: Accrued bonus $ 3,278 $ 7,728 Accrued salaries 2,332 900 Accrued employee benefits 846 591 Accrued interest 8,235 5,341 Accrued purchases 1,790 1,930 Accrued taxes 11,000 355 Operating lease liabilities 3,541 — Other 1,683 2,180 Total accrued expenses and other current liabilities $ 32,705 $ 19,025 Other Non-Current Liabilities: LaderaTech contingent earn-out $ 7,273 $ 19,979 Other 2,049 2,216 Total other non-current liabilities $ 9,322 $ 22,195 Depreciation expense related to property, plant and equipment for the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period was $10.7 million, $1.4 million, $6.6 million, and $6.7 million, respectively, substantially all of which was presented in cost of goods sold in the accompanying consolidated statements of operations and comprehensive income (loss).

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands): Fire Safety Specialty Products Total Predecessor Balance, December 31, 2020 $ 362,767 $ 119,274 $ 482,041 Business acquired 5,385 — 5,385 Foreign currency translation 286 (605) (319) Balance, November 8, 2021 $ 368,438 $ 118,669 $ 487,107 Successor Balance, November 9, 2021 $ 871,425 $ 174,470 $ 1,045,895 Foreign currency translation (3,618) (952) (4,570) Balance, December 31, 2021 867,807 173,518 1,041,325 Purchase price adjustment under Business Combination Agreement 2,356 — 2,356 Foreign currency translation (9,844) (2,377) (12,221) Balance, December 31, 2022 $ 860,319 $ 171,141 $ 1,031,460 Intangible assets and related accumulated amortization as of December 31, 2022 and 2021 are as follows (in thousands): December 31, 2022 Estimated Gross Value Foreign Accumulated Net Book Definite Lived Intangible Assets: Existing technology and patents 20 $ 250,000 $ (3,029) $ (14,153) $ 232,818 Customer lists 20 761,000 (7,451) (43,220) 710,329 Tradenames 20 101,000 (970) (5,737) 94,293 Balance, December 31, 2022 $ 1,112,000 $ (11,450) $ (63,110) $ 1,037,440 December 31, 2021 Estimated Gross Value Foreign Accumulated Net Book Definite Lived Intangible Assets: Existing technology and patents 20 $ 250,000 $ (836) $ (1,796) $ 247,368 Customer lists 20 761,000 (2,059) (5,482) 753,459 Tradenames 20 101,000 (268) (727) 100,005 Balance, December 31, 2021 $ 1,112,000 $ (3,163) $ (8,005) $ 1,100,832 Amortization expense for definite-lived intangible assets for the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period was $55.1 million, $8.0 million, $45.4 million and $51.5 million, respectively. Estimated annual amortization expense of intangible assets for the five years subsequent to December 31, 2022 and thereafter is as follows (in thousands): Years Ending December 31: Amount 2023 $ 55,600 2024 55,600 2025 55,600 2026 55,600 2027 55,600 Thereafter 759,440 Total $ 1,037,440

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	LEASES In adopting Topic 842, the Company has elected to adopt the optional “Comparatives Under ASC 840” approach which requires an adoption date of January 1, 2022 and does not require dual period reporting. The Company elected the ‘package of practical expedients’, which permit it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected to apply the short-term lease exception for lease arrangements with a lease term of 12 months or less at commencement. The Company has lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. Lease terms used to compute the present value of lease payments do not include any option to extend, renew, or terminate the lease that the Company is not reasonably certain to exercise upon the lease inception. Accordingly, operating lease right-of-use assets and liabilities do not include leases with a lease term of 12 months or less. The Company leases certain manufacturing facilities, real estate, vehicles, and field equipment. Such leases, some of which are noncancellable and, in many cases, include renewals, expire at various dates. Such options to renew are included in the lease term when it is reasonably certain that the option will be exercised. The Company’s lease agreements typically do not contain any significant residual value guarantees or restrictive covenants, and payments within certain lease agreements are adjusted periodically for changes in an index or rate. The Company does not currently sublease any of its ROU assets. The Company determines if an arrangement is an operating lease or a finance lease at inception. ROU assets and lease liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. Operating ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expenses are recognized on a straight-line basis over the lease term. Variable lease payments, which cannot be determined at the lease commencement date, are not included in ROU assets or lease liabilities and are expensed as incurred. There were no identified finance leases as of December 31, 2022. As most leases do not have readily determinable implicit rates, the Company estimated the incremental borrowing rates for its future lease payments based on prevailing financial market conditions at the later of date of adoption or lease commencement, credit analysis of comparable companies and management judgments to determine the present values of its lease payments. The Company also applied the portfolio approach to account for leases with similar terms. At December 31, 2022, the weighted-average remaining lease term of operating leases was approximately 7 years and the weighted-average discount rate applied was 5.7%. The following table presents assets and liabilities for leases as of December 31, 2022 (in thousands): Amount Assets Operating lease right-of-use assets $ 18,582 Liabilities Operating lease liabilities: Current (included in accrued expenses and other current liabilities) $ 3,541 Non-current 15,484 Total lease liabilities $ 19,025 Lease cost for the year ended December 31, 2022 are as follows (in thousands): Amount Operating lease cost (1) $ 5,390 Reported in: Cost of goods sold $ 4,897 Selling, general and administrative expense 493 Total lease cost $ 5,390 (1) Operating lease cost does not include short-term leases or variable costs, all of which are immaterial. Rent expense for operating leases for the 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period was $0.5 million, $2.9 million and $3.2 million, respectively, of which $0.5 million, $2.5 million and $2.9 million, respectively, was presented in cost of goods sold and $0.0 million, $0.4 million and $0.3 million, respectively, was presented in selling, general, and administrative in the consolidated statements of operations and comprehensive income (loss). Supplemental cash flow information related to leases for the year ended December 31, 2022 are as follows (in thousands): Amount Cash paid for amounts included in the measurement of operating lease liabilities Operating cash flows for operating leases $ 5,072 ROU assets obtained in exchange for new operating lease obligations Non-cash investing and financing activity for operating leases $ 4,380 As of December 31, 2022, the estimated future minimum payment obligations for non-cancelable operating leases are as follows (in thousands): Years Ending December 31, Amount 2023 $ 4,519 2024 3,570 2025 3,418 2026 3,181 2027 2,301 Thereafter 6,724 Total lease payments 23,713 Less: imputed interest (4,688) Present value of operating lease liabilities $ 19,025 As of December 31, 2021, the estimated future minimum payment obligations for non-cancelable operating leases were as follows (in thousands): Years Ending December 31, Amount 2022 $ 4,026 2023 3,155 2024 2,387 2025 2,063 2026 1,954 Thereafter 3,102 Total $ 16,687

LONG-TERM DEBT AND REDEEMABLE P

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES	LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES Long-term debt consists of the following (in thousands): December 31, 2022 December 31, 2021 Senior Notes $ 675,000 $ 675,000 Less: unamortized debt issuance costs (9,720) (10,872) Long-term debt $ 665,280 $ 664,128 Maturities of long-term debt as of December 31, 2022 are as follows (in thousands): Years Ending December 31, Amount 2023 $ — 2024 — 2025 — 2026 — 2027 — Thereafter 675,000 Total $ 675,000 Successor Revolving Credit Facility In connection with the consummation of the Business Combination, SK Intermediate II, as borrower, entered into a five-year Revolving Credit Facility, which provides for a senior secured revolving credit facility in an aggregate principal amount of up to $100.0 million. The Revolving Credit Facility matures on November 9, 2026. The Revolving Credit Facility includes a $20.0 million swingline sub-facility and a $25.0 million letter of credit sub-facility. The Revolving Credit Facility allows SK Intermediate II to increase commitments under the Revolving Credit Facility up to an aggregate amount not to exceed the greater of (i) $143.0 million and (ii) 100.00% of consolidated earnings before interest, taxes, depreciation and amortization ("EBITDA") for the most recent four-quarter period (minus the aggregate outstanding principal amount of certain ratio debt permitted to be incurred thereunder). All borrowings under the Revolving Credit Facility are subject to the satisfaction of customary conditions, including the absence of a default and the accuracy of representations and warranties, subject to customary exceptions. Borrowings under the Revolving Credit Facility bear interest at a rate equal to (i) an applicable margin, plus (ii) at SK Intermediate II’s option, either (x) LIBOR determined by reference to the cost of funds for U.S. dollar deposits for the interest period relevant to such borrowing, adjusted for certain additional costs (but which will not be less than a 0.00% LIBOR floor) or (y) a base rate determined by reference to the highest of (a) the prime commercial lending rate published by the Wall Street Journal, (b) the federal funds rate plus 0.50%, (c) the one-month LIBOR rate plus 1.00% and (d) a minimum floor of 1.00%. The applicable margin is 3.25% in the case of LIBOR-based loans and 2.25% in the case of base rate-based loans, with two step downs of 0.25% each based upon the achievement of certain leverage ratios. In addition, on a quarterly basis, SK Intermediate II will be required to pay each lender under the Revolving Credit Facility a commitment fee of 0.50% in respect of the unused portion of the commitments under the Revolving Credit Facility, which fee will be subject to two step downs of 0.125% based upon the achievement of certain leverage ratios. SK Intermediate II will be required to pay customary agency fees as well as letter of credit participation fees computed at a rate per annum equal to the applicable margin for LIBOR borrowings on the dollar equivalent of the face amount of each undrawn letter of credit, plus such letter of credit issuer’s customary administration and issuance fees and charges and a fronting fee in an amount equal to 0.125% per annum of the face amount of each letter of credit. Solely to the extent that on the last day of the applicable fiscal quarter, the utilization of the Revolving Credit Facility (excluding cash collateralized letters of credit and up to $10.0 million of undrawn letters of credit) exceeds 40% of the aggregate commitments, the Revolving Credit Facility requires compliance on a quarterly basis with a maximum secured net leverage ratio of 7.50:1.00. In addition, for purposes of determining compliance with such financial maintenance covenant for any fiscal quarter, SK Intermediate II will be able to exercise an equity cure by SK Intermediate II issuing certain permitted securities for cash or otherwise receiving cash contributions to the capital of SK Intermediate II that will, upon the receipt by SK Intermediate II of such cash, be included in the calculation of consolidated EBITDA solely for the purpose of such financial maintenance covenant. SK Intermediate II will not be able to exercise the equity cure right in more than two fiscal quarters during any period of four consecutive fiscal quarters or more than five fiscal quarters during the term of the Revolving Credit Facility. Under the Revolving Credit Facility, SK Intermediate II may also be required to meet specified leverage ratios in order to take certain actions, such as incurring certain debt or making certain acquisitions. In addition, the Revolving Credit Facility includes a customary holding company covenant that restricts the activities of SK Intermediate II and other negative covenants, subject to customary exceptions, restricting or limiting SK Intermediate II’s ability and the ability of its restricted subsidiaries to, among other things: (i) make non-ordinary course dispositions of assets; (ii) participate in certain mergers and acquisitions; (iii) pay dividends or make distributions and share repurchases and optional redemptions (and optional prepayments) of certain subordinated, junior lien or unsecured debt; (iv) incur, assume or guarantee indebtedness; (v) make certain loans and investments; (vi) grant, assume or incur liens; (vii) transact with affiliates; (viii) change its business and the business of its restricted subsidiaries; or (ix) enter into negative pledges or restrictions on its ability or the ability of restricted subsidiaries to pay dividends, make distributions, repay or guarantee indebtedness, or make intercompany investments or transfers. The Revolving Credit Facility is fully and unconditionally guaranteed by the Company and each of SK Intermediate II’s existing and future wholly-owned material restricted subsidiaries, subject to customary exceptions, and is secured by a first priority lien, subject to certain permitted liens, on substantially all of SK Intermediate II’s and each of the guarantors’ existing and future property and assets, subject to customary exceptions. Deferred financing costs incurred in connection with securing the Revolving Credit Facility were $2.3 million, which is carried as a long-term asset and is amortized on a straight-line over the term of the Revolving Credit Facility and included in interest expense in the accompanying consolidated statements of operations and comprehensive income (loss). The Company borrowed $40.0 million under the Revolving Credit Facility to finance a portion of the costs and expenses in connection with the consummation of the Business Combination. On December 9, 2021, the Company repaid the full drawdown of $40.0 million. As of December 31, 2022 and 2021, the Company did not have any outstanding borrowings under the Revolving Credit Facility and was in compliance with all covenants, including the financial covenants. Bridge Facility In connection with entering into the Business Combination Agreement , EverArc entered into a commitment letter, dated June 15, 2021, with Morgan Stanley Senior Funding, Inc., Barclays Bank PLC and Goldman Sachs Bank USA (collectively, the “Commitment Parties”) pursuant to which the Commitment Parties had, with respect to bridge financing, committed to provide up to $600.0 million in bridge loans (the “Bridge Loan Commitment”) to ensure financing for the Business Combination. Effective November 9, 2021, the Bridge Loan Commitment was fully terminated as a result of the $675.0 million in committed amounts available under the Senior Notes, as described below. The Company did not make any borrowings under the Bridge Loan Commitment and incurred a commitment fee of $7.5 million which was recorded as part of the November 9, 2021 accumulated deficit balance in the accompanying consolidated statements of shareholders’ equity. Senior Notes In order to finance a portion of the cash consideration payable in the Business Combination and the costs and expenses incurred in connection therewith, on October 5, 2021, Escrow Issuer launched a private offering of $600.0 million, which was subsequently updated to $675.0 million, principal amount of 5.00% Senior Notes due October 30, 2029 pursuant to that certain indenture dated as of October 22, 2021 (“Indenture”) between SK Intermediate II and U.S. Bank National Association, as Trustee and Collateral Agent (the “Trustee”). Upon the consummation of the Business Combination, SK Intermediate II assumed the Escrow Issuer’s obligations under the Senior Notes. The Senior Notes bear interest at an annual rate of 5.00%. Interest on the Senior Notes is payable in cash semi-annually in arrears on April 30 and October 30 of each year, commencing on April 30, 2022. The Senior Notes are general, secured, senior obligations of SK Intermediate II; rank equally in right of payment with all existing and future senior indebtedness of SK Intermediate II (including, without limitation, the Revolving Credit Facility); and together with the Revolving Credit Facility, are effectively senior to all existing and future indebtedness of SK Intermediate II that is not secured by the collateral. The Senior Notes are effectively subordinated to all existing and future indebtedness of SK Intermediate II that is secured by assets other than the collateral, to the extent of the collateral securing such indebtedness, are structurally subordinated to all existing and future indebtedness, claims of holders of any preferred shares that may be issued by, and other liabilities of, subsidiaries of SK Intermediate II that do not guarantee the Senior Notes. The Senior Notes are senior in right of payment to any future subordinated indebtedness of SK Intermediate II and are initially guaranteed on a senior secured basis by the guarantors discussed below and will also be guaranteed in the future by each subsidiary, if any, that guarantees indebtedness under the Revolving Credit Facility. On or after October 30, 2024, SK Intermediate II may on any one or more occasions redeem all or a portion of the Senior Notes at the redemption prices, expressed as percentages of principal amount set forth the Indenture, plus accrued and unpaid interest, if any, on the Senior Notes redeemed. In addition, prior to October 30, 2024, SK Intermediate II may, at its option, redeem up to 40% of the aggregate principal amount of the Senior Notes with funds in an aggregate amount not exceeding the net cash proceeds from certain equity offerings at a redemption price equal to 105.00% of the principal amount of the Senior Notes to be redeemed, plus accrued and unpaid interest, if any. The Senior Notes are fully and unconditionally guaranteed on a senior secured basis, jointly and severally, by all of SK Intermediate II’s existing or future restricted subsidiaries (other than certain excluded subsidiaries) that guarantee the Revolving Credit Facility. The Senior Notes contain certain covenants limiting SK Intermediate II’s ability and the ability of the restricted subsidiaries (as defined in the indenture governing the Senior Notes) to, under certain circumstances, prepay subordinated indebtedness, pay distributions, redeem stock or make certain restricted investments; incur indebtedness; create liens on the SK Intermediate II’s’ assets to secure debt; restrict dividends, distributions or other payments; enter into transactions with affiliates; designate subsidiaries as unrestricted subsidiaries; sell or otherwise transfer or dispose of assets, including equity interests of restricted subsidiaries; effect a consolidation or merger; and change the Company’s line of business. Deferred financing costs incurred in connection with securing the Senior Notes were $11.0 million, which were capitalized and will be amortized using the effective interest method over the term of the Senior Notes and included in interest expense in the accompanying consolidated statements of operations and comprehensive income (loss). The unamortized portion of the deferred financing costs is included as a reduction to the carrying value of the Senior Notes which have been recorded as long-term debt, net on the consolidated balance sheets as of December 31, 2022. Redeemable Preferred Shares In connection with the Business Combination, SK Holdings along with officers and certain key employees of SK Intermediate contributed a portion of their investment in ordinary shares of SK Intermediate to the Company in exchange for 10 million Redeemable Preferred Shares, nominal value $10 per share, valued at $100.0 million. The Redeemable Preferred Shares are entitled to a preferred annual cumulative right to a dividend equal to 6.50% of its nominal value. The preferred dividend will generally be paid 40.00% in cash and 60.00% in kind each year within three The Company, under its articles of association (the "Articles") is mandatorily required to redeem the Redeemable Preferred Shares at any time prior to the earliest of (i) six months following the latest maturity date of the above-mentioned Senior Notes, (ii) nine years after the date of issuance of the Redeemable Preferred Shares or (iii) upon the occurrence of a change of control, as defined in the Company’s Articles. The redemption price per share would be equal to the nominal value of the Redeemable Preferred Shares plus any accrued and unpaid preferential dividend, if any. If the Company fails to redeem the Redeemable Preferred Shares at the times noted above, the preferred dividend rate will permanently increase to the interest rate currently being paid (whether in default or not) under the Senior Credit Agreement plus 10.00%. Due to the fact that the Redeemable Preferred Shares are mandatorily redeemable, the Redeemable Preferred Shares are classified as a liability on the accompanying consolidated balance sheets, and $6.5 million of dividends on these Redeemable Preferred Shares for the year ended December 31, 2022 are classified as interest expense in the accompanying consolidated statements of operations and comprehensive income (loss). Holders of the Redeemable Preferred Shares generally have no voting rights. However, without the prior consent of the holders of a majority of the outstanding Redeemable Preferred Shares, the Company is prohibited from (i) issuing any shares ranking pari passu or senior to the Redeemable Preferred Shares, (ii) enter into a credit agreement or amend the terms of the Senior Notes in a manner that would adversely affect the redemption of Redeemable Preferred Shares by extending the maturity date under such credit facility or increase the restrictions on the Company’s ability to pay the cash portion of the preferred dividend, (iii) amending the Company's charter or entering into, amending or altering any other agreement in any manner that would adversely affect Redeemable Preferred Shares or (iv) pay a cash dividend on Ordinary Shares until such time the Company has paid the cash portion of the preferred dividend in arrears. The Redeemable Preferred Shares have an aggregate liquidation preference of $100.0 million, plus any accrued and unpaid dividends thereon and is senior to the Company's Ordinary Shares with respect to dividends and with respect to dissolution, liquidation or winding up of the Company. At December 31, 2022, the redemption price was $104.5 million. Predecessor In connection with the consummation of the Business Combination, on the Closing Date, $696.5 million of outstanding debt was repaid and the related unamortized debt issue costs of $11.0 million was charged to interest expense in the 2021 Predecessor Period in the accompanying consolidated statement of operations and comprehensive income (loss).

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Expense The Company’s income tax (expense) benefit consisted of the following components (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Current: Luxembourg $ — $ (1) $ (11) $ (118) U.S. Federal (13,561) 1,295 (15,123) (7,546) U.S. state and local (5,453) 519 (6,201) (4,091) Other foreign jurisdictions (3,455) 2,192 (4,045) (1,412) Total current (22,469) 4,005 (25,380) (13,167) Deferred: Luxembourg — — — (930) U.S. Federal 11,029 2,060 7,062 1,966 U.S. state and local 5,397 390 1,922 (213) Other foreign jurisdictions 574 (295) 2,260 1,861 Total deferred 17,000 2,155 11,244 2,684 Total income tax (expense) benefit $ (5,469) $ 6,160 $ (14,136) $ (10,483) The Company’s income (loss) before income taxes consists of the following components (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Luxembourg $ 81,308 $ (657,511) $ (15,309) $ (1,230) U.S. 9,063 (25,102) 49,186 35,703 Other foreign jurisdictions 6,856 (5,696) 888 259 Total income (loss) before taxes $ 97,227 $ (688,309) $ 34,765 $ 34,732 The Company’s income tax expense differs from the amount computed by applying the Luxembourg statutory rate of 24.94% for the reasons set forth in the following table: Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Luxembourg statutory tax rate 24.94 % 24.94 % 24.94 % 24.94 % (Increase)/reduction in income tax rate: U.S. state and local income taxes, net (0.14) 0.14 7.61 6.25 Effect of rates different from statutory 0.36 (0.10) (5.84) (3.78) Nondeductible officer compensation 1.59 — — — Tax on unremitted earnings 3.73 — — — Section 250 deduction (0.71) (0.05) (2.20) (1.36) Transaction costs — (0.11) 0.02 — Nontaxable gain/loss on earn-out liability (2.71) — — — Founders advisory fees (30.09) (23.67) — — Tax rate changes (0.94) — 1.38 3.57 Changes in prior year estimates (1.95) — — (2.73) Change in valuation allowance 10.90 (0.07) 12.47 5.12 Other, net 0.64 (0.19) 2.28 (1.83) Effective tax rate 5.62 % 0.89 % 40.66 % 30.18 % Deferred Tax Assets and Liabilities Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting. Significant portions of the Company’s deferred tax assets and deferred tax liabilities are as follows (in thousands): December 31, December 31, Deferred Tax Assets: Net operating loss carryforwards $ 16,394 $ 7,360 Inventory 610 — Interest 2,502 4,161 Accrued liabilities 2,925 2,315 Goodwill and other intangibles 5 35 Lease liability 5,051 — Other 3,450 1,821 Valuation allowance (16,142) (5,598) Total deferred tax assets 14,795 10,094 Deferred Tax Liabilities: Property, plant and equipment (9,857) (10,077) Goodwill and other intangibles (268,418) (284,297) Inventory — (6,621) Unremitted earnings (9,622) (6,000) Right-of-use asset (4,934) — Other (234) (247) Total deferred tax liabilities (293,065) (307,242) Net deferred tax liability $ (278,270) $ (297,148) At December 31, 2022, the Company had net operating loss carryforwards in Luxembourg of $58.0 million, which will expire, if unused, starting in 2034 and $0.3 million, which can be carried forward indefinitely. The Company has U.S. state net operating loss carryforwards of approximately $4.0 million on a net, post-apportionment basis, that will expire, if unused, starting in 2041. The Company has other foreign net operating loss carryforwards of $5.8 million, of which, the majority can be carried forward indefinitely. On August 15, 2022, President Biden signed the Inflation Reduction Act into law. Management has reviewed the tax provisions of this legislation and has determined that there are no provisions that would have a material impact on the Company. In assessing the realizability of deferred tax assets, the Company considers whether it is more-likely- than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income, and tax-planning strategies in making this assessment. While the Company expects to realize the remaining net deferred tax assets, changes in future taxable income or in tax laws may alter this expectation and result in future increases to the valuation allowance. The valuation allowance for deferred tax assets as of December 31, 2022 and 2021 primarily relates to net operating loss and interest deduction limitation carryforwards that, in the judgment of the Company, are not more-likely-than-not to be realized. The change in valuation allowance for deferred tax assets for the year ending December 31, 2022 was a net increase of $10.5 million. As of December 31, 2022, the Company has provided deferred taxes of $9.6 million associated with withholding taxes on accumulated undistributed earnings generated by foreign subsidiaries. Earnings of countries within the European Union would be subject to zero withholding tax on future distributions of unremitted earnings. The Company continues to assert permanent reinvestment of the remaining undistributed earnings for which deferred taxes have not been provided for as of December 31, 2022. The computation of the potential deferred tax liability associated with these undistributed earnings is not practicable. If there are policy changes, the Company would record the applicable taxes in the period of change. Uncertain Tax Benefits The Company evaluates its tax positions and recognizes only tax benefits that, more likely than not, will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax position is measured at the largest amount of benefit that has a greater than 50.0% likelihood of being realized upon settlement. As of December 31, 2022, the Company had $36.3 million of uncertain tax positions that, if recognized, would not affect the effective tax rate. The Company did not have any uncertain tax benefits as of December 31, 2021. As of December 31, 2022 and 2021, the Company had no accrued interest or penalties related to uncertain tax positions and no amounts had been recognized in the consolidated statement of operations and comprehensive income (loss). The following table summarizes the activity related to the Company’s unrecognized tax benefits (in thousands): 2022 2021 Balance at beginning of year $ — $ — Increase in prior years’ tax positions 36,257 — Balance at end of year $ 36,257 $ — The Company files income tax returns in Luxembourg, U.S. federal and state jurisdictions, and other foreign jurisdictions. As of December 31, 2022, tax years 2019 through 2021 are subject to examination by the tax authorities in the U.S.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings The Company is involved in various claims, actions, and legal proceedings arising in the ordinary course of business, including a number of matters related to the aqueous film forming foam litigation consolidated in the District of South Carolina multi-district litigation and other similar matters pending in other jurisdictions in the United States. The Company’s exposure to losses, if any, is not considered probable or reasonably estimable at this time. Commitments The Company has a supply agreement to purchase elemental phosphorus (P4) from a supplier through 2023. The contract price is tied to the contract year cost times a multiplier, subject to a market-driven benchmark price adjustment, which is generally settled once per year. The Company did not purchase the anticipated minimum pounds of P4 during the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period or 2020 Predecessor Period. However, the Company has no obligation to record a liability, as there is no financial penalty owed to the vendor. Costs incurred under this supply agreement were $43.9 million, $7.7 million, $36.1 million and $31.8 million during the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period, respectively. The Company also has an agreement to purchase various types of capital equipment up to $5.0 million through October 2027. In 2022, the Company paid $2.0 million to the supplier and the remaining $3.0 million will be paid through October 2027.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
EQUITY	EQUITY Successor Ordinary Shares The Company’s authorized share capital is $4,100.0 million, consisting of 4.0 billion Ordinary Shares , with a nominal value of $1.00 per share and 10.0 million Redeemable Preferred Shares with a nominal value of $10.00 per share. Each ordinary share entitles the holder thereof to one vote. Due to the fact that the Redeemable Preferred Shares are mandatorily redeemable, the Redeemable Preferred Shares are classified as a liability on the accompanying consolidated balance sheets. R efer to Note 7, “Long-Term Debt and Redeemable Preferred Shares” f or additional information about the Redeemable Preferred Shares. The Company's board of directors (the "Board") is authorized, up to the maximum amount of the authorized capital, to (i) increase the issued share capital in one or several tranches by way of issuance of ordinary or preferred shares with such rights as freely determined by the Board at its discretion, with or without share premium, against payment in cash or in kind, by conversion of claims on the Company or in any other manner (ii) issue subscription and/or conversion rights in relation to new shares or instruments within the limits of the authorized capital under the terms and conditions of warrants (which may be separate or linked to Shares), bonds, notes or similar instruments issued by the Company, (iii) determine the place and date of the issue or successive issues, the issue price, the terms and conditions of the subscription of and paying up on the new shares and instruments and (iv) remove or limit the statutory preferential subscription right of the shareholders and of the holders of instruments issued by the Company that entitle them to a preferential subscription right. As of December 31, 2022, there were 163,234,542 and 156,797,806 Ordinary Shares issued and outstanding, respectively. On December 7, 2021, subject to the approval of the shareholders of the Company, the Board authorized a share repurchase plan (the “Share Repurchase Plan”). Under the Share Repurchase Plan, the Company is authorized to repurchase up to $100.0 million of its issued and outstanding Ordinary Shares at any time during the next 24 months or, if different, such other timeframe as approved by the shareholders of the Company. Until such time as the Share Repurchase Plan was approved by the shareholders of the Company, the Board authorized any subsidiary of the Company to take such actions necessary to purchase Ordinary Shares of the Company. Repurchases under the Share Repurchase Plan may be made, from time to time, in such quantities, in such manner and on such terms and conditions and at prices the Company deems appropriate. The Share Repurchase Plan does not obligate the Company to acquire any particular amount of Ordinary Shares and may be modified or suspended at any time and could be terminated prior to completion. The repurchase program will be funded with cash on hand or borrowings under the Company's revolving credit facility. On July 21, 2022, subject to certain limits, the shareholders’ of the Company approved a proposal authorizing the Board to repurchase up to 25% of the Company’s Ordinary Shares outstanding as of the date of the shareholders’ approval, being 40,659,257 Ordinary Shares, at any time during the next five years. On November 3, 2022, the Board re-established the limit for Ordinary Share repurchases at $100.0 million, which is within the repurchase limit approved by Company’s shareholders on July 21, 2022. The Company repurchased 6,436,736 Ordinary Shares for the year ended December 31, 2022, of which 597,513 Ordinary Shares were repur chased on behalf of a wholly-owned subsidiary. The repurchased Ordinary Shares were recorded at cost and are being held in treasury. In accordance with the Luxembourg company law, from the annual net profits of the Company, at least 5% shall each year be allocated to a reserve (the “Legal Reserve”). That allocation to the Legal Reserve will cease to be required as soon and as long as the Legal Reserve amounts to 10% of the amount of the share capital of the Company. The general meeting of shareholders, upon the recommendation of the Company's Board, shall resolve how the remainder of the annual net profits, after allocation to the Legal Reserve, will be disposed of by allocating the whole or part of the remainder to a reserve, by carrying it forward to the following financial year or by distributing it, together with carried forward profits, to the shareholders. As of December 31, 2022, the Company has not made any allocation to the Legal Reserve. Predecessor SK Intermediate made a $60.0 million capital distribution to SK Holdings in the 2021 Predecessor Period. Warrants In connection with the Merger, 34,020,000 EverArc Warrants issued and outstanding on the Closing Date were converted into the right to purchase Ordinary Shares, entitling the holder thereof to purchase one-fourth of one Ordinary Share at an exercise price of $12.00 per whole Ordinary Share. The warrant subscription period ends on the earlier of the third anniversary of the Closing Date or such earlier date as determined by the warrant instrument. The Company’s Warrants are subject to mandatory redemption at $0.01 per Warrant if at any time the average price per Ordinary Share equals or exceeds $18.00 for a period of ten The Warrants are classified within equity as they are indexed to the Company’s own equity and meet the criteria for equity classification, including the fact that there are no provisions that would require cash settlement of the Warrants. During the year ended December 31, 2022, the Company received $0.5 million for 176,460 Warrant exercises and issued 44,115 Ordinary Shares. During the 2021 Successor Period, 100 Warrants were exercised and 25 Ordinary Shares issued. As of December 31, 2022 there were 33,843,440 Warrants issued and outstanding.

SHARE-BASED COMPENSATION AND EM

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS	SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS Successor 2021 Equity Plan In connection with the Business Combination, the Company's Board adopted, and its shareholders approved, the 2021 Equity Incentive Plan (the “2021 Equity Plan”). A total of 31,900,000 Ordinary Shares are authorized and reserved for issuance under the 2021 Equity Plan which provides for the grant of stock options (either incentive or non-qualified), stock appreciation rights (“SARs”), restricted stock, restricted stock units (“RSUs”), performance shares, performance share units and other share-based awards with respect to the Ordinary Shares. Shares associated with underlying awards that are expired, forfeited, or otherwise terminated without the delivery of shares, or are settled in cash, and any shares tendered to or withheld by the Company for the payment of an exercise price or for tax withholding will again be available for issuance under the 2021 Equity Plan. The purpose of the 2021 Equity Plan is to promote the interests of PSSA and its shareholders by providing the Company with a means to attract and retain employees, officers, consultants, advisor s and directors who will contribute to its long-term growth and success and providing such individuals with incentives that will align with those of the Company's shareholders. T he Company has granted PBNQSO to its executive officers, non-employee directors and other members of senior management under the 2021 Equity Plan. The exercise prices of these PBNQSO ranged from $8.36 to $14.00 per Ordinary Share and consist of two types of vesting criteria. Of the aggregate number of PBNQSO granted, 245,004 PBNQSO were eligible to vest based on the achievement of certain performance goals for fiscal year 2021 (the “Bridge Option”), and the remaining 11,097,917 PBNQSO are eligible to vest based on the achievement of certain performance goals for fiscal years 2022-2026 (the “5.-Year Option”). The PBNQSO expire ten years from the grant date. The Bridge Options vest and became exercisable upon (i) the Company achieving an EBITDA target of $136.0 million for fiscal year 2021; and (ii) the recipient remaining in continuous service through the first anniversary of the grant date. As of December 31, 2022, all the Bridge Options vested and became available to exercise. The 5-Year Options will be eligible to vest over a five-year period in equal annual tranches based on the achievement AOP targets as set forth in the award agreements. The AOP targets are based on a compounded annual growth rate, and the actual AOP achieved for any given years is calculated in accordance with a formula as set forth in the award agreements. For each yearly tranche, the Company will need to achieve 13.5% compounded annual growth for minimum vesting (resulting in 25% of that tranche vesting) and 23.5% compounded annual growth for maximum vesting (resulting in 100% of that tranche vesting). If the actual AOP achieved for any given year exceeds the maximum target, such excess may be treated as having been achieved in the following two fiscal years and/or the prior two fiscal years (without duplication) if less than the full amount of options would otherwise have vested for such years. The Company's chief executive officer, ("CEO") and business director, North America Retardant and Services, are required to hold a minimum level of personal investment of $2.2 million and $1.5 million, respectively, in Ordinary Shares pursuant to stock retention guidelines attached to their respective PBNQSO agreement. The aggregate value may include the fair market value of shares associated with underlying options over the exercise price, but half of the value must be attributable to Ordinary Shares held by each officer. Each officer will have five years after grant date to comply with these requirements. The table below summarizes the PBNQSO activity: Number of Options Weighted-Average Exercise/Conversion Price Weighted-Average Aggregate Outstanding at December 31, 2021 8,763,754 $ 10.04 Granted 2,579,167 $ 8.87 Exercised — $ — Forfeited (1,003,750) $ 10.09 Outstanding at December 31, 2022 10,339,171 $ 9.75 8.98 $ 1,560 Options vested and exercisable 1,948,754 $ 10.04 8.86 $ — The weighted-average assumptions used to fair value the PBNQSO at period end using the Black-Scholes option-pricing model were as follows: December 31, September 30, June 30, March 31, December 31, 2022 2022 2022 2022 2021 Dividend yield — % — % — % — % — % Risk-free interest rate 3.98% 4.02 % 3.30 % 2.41 % 1.35 % Expected volatility 43.10% 39.50 % 38.30 % 37.00 % 37.50 % Expected life (years) 5.35 5.61 5.86 6.11 6.50 Weighted average exercise price of options granted $ 8.87 $ 8.87 $ 8.83 $ 12.09 $ 10.04 Weighted average fair value of options granted $ 4.20 $ 3.21 $ 5.25 $ 4.86 $ 6.94 Non-cash share-based compensation expense recognized by the Company during the year ended December 31, 2022 and 2021 Successor Period was $14.6 million and $3.6 million, respectively. The total tax benefit recognized during the year ended December 31, 2022 and 2021 Successor Period related to non-cash share-based compensation expense was $1.5 million and $0.3 million, respectively. Compensation expense is recognized based upon probability assessments of PBNQSO that are expected to vest in future period s. Such probability assessments are subject to revision and, therefore, unrecognized compensation expense is subject to future changes in estimate. As of December 31, 2022, there was approximately $26.0 million of total unrecognized compensation expense related to non-vested PBNQSO expected to vest, which is expected to be recognized over a weighted-average period of 1.9 years. On December 7, 2021, the Company granted 100,000 Ordinary Shares to a consultant for his services to the Company in connection with the transactions contemplated by the Business Combination Agreement. The fair value per share on the grant date was $11.75. The shares vested upon grant. The grant date fair value of $1.2 million was recorded by the Company as an expense related to Business Combination and is reported in selling general and administrative expense in the 2021 Successor Period of the accompanying consolidated statements of operations and comprehensive income (loss). Founder Advisory Amounts As discussed in Note 13, Related Parties, following the Business Combination, the Company assumed, and agreed to pay, perform, satisfy and discharge in full, all of EverArc’s liabilities and obligations under the key terms and conditions of the Founder Advisory Agreement previously executed between EverArc and EverArc Founder Entity. The fair value of the Fixed Annual Advisory Amount as of November 9, 2021 was calculated to be $197.4 million based on the closing share price of Ordinary Shares on November 9, 2021 of $12.00. The fair value of the Variable Annual Advisory Amount is determined using a Monte Carlo simulation because of the market condition (i.e., achievement of a specified share price) associated with this award and was determined to be $376.4 million. For Advisory Amounts classified within equity, the Company does not subsequently remeasure the fair value. For the Advisory Amounts classified as a liability, the Company remeasures the fair value at each reporting date. The key inputs into the Monte Carlo simulation model for the Variable Annual Advisory Amounts were as follows at December 31, 2022 and 2021 and at the initial measurement date: December 31, 2022 December 31, 2021 November 9, 2021 Dividend yield — % — % — % Risk-free interest rate 3.87 % 1.52 % 1.47 % Expected volatility 43.10 % 37.50 % 35.00 % Expected life (years) 9.00 10.00 10.15 10-day volume weighted average share price $ 8.86 $ 13.63 $ 12.00 All of the Founder Advisory Amounts vested on the date of the Business Combination because, the Company believes that, as a result of the consummation of the Business Combination, it has incurred an obligation equal to the present value of the Advisory Amounts. Share-based compensation expense related to the Advisory Amounts recognized by the Company during the 2021 Successor Period was $653.0 million. This consists of $574.4 million that was recognized on the Business Combination date and $78.6 million recognized on December 31, 2021 based on the change in fair value for liability-classified Advisory Amounts since the Closing Date. Compensation expense recorded by the Company in the future will depend upon changes in the fair value of the liability-classified Advisory Amounts. See Note 13, Related Parties, for additional information related to the Founders Advisory Amounts . Predecessor Prior to the Business Combination, SK Invictus Holdings, LP, a Cayman limited partnership and the former ultimate parent of the Company (the “Parent”), established an Incentive Unit Grant agreement under which the Parent granted incentive units to individuals employed by the Company. The incentive units vest as follows: (i) 50% vest on the date on which the Company’s investors achieve a rate of return of at least 2.0x, (ii) an additional 25% vest on the date on which the Company’s investors achieve a rate of return of at least 2.5x, and (iii) the remaining 25% vest on the date on which the Company’s investors achieve a rate of return of at least 3.0x. The Business Combination resulted in the Company’s investors achieving a rate of return greater than 3.0x, which resulted in 100% of the incentive units vesting on the date of the Business Combination. On the Closing Date there were 103,820 incentive units outstanding. Since the incentive units are equity classified instruments, the Company measured the units at their grant date fair value. The Company measured the fair value of the incentive units using a Black-Scholes model. The grant date fair value of the incentive units that was recognized on the date of the Business Combination was $2.7 million. This amount was recognized on the “black-line” financial statements between the Predecessor and Successor periods because this amount is not directly attributable to either the Predecessor or Successor period but was instead contingent on the Business Combination. Savings and Investment Plans The Company sponsors a savings and investment plan under which a portion of employee contributions are matched. For the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period the Company made matching contributions of $1.3 million, $0.3 million, $0.9 million and $1.1 million, respectively.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair Value Measurement The carrying value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities approximates fair value due to the short-term nature of their maturities. Borrowings under the Company’s Revolving Credit Facility accrues interest at a floating rate tied to a standard short-term borrowing index, selected at the Company’s option, plus an applicable margin. The carrying amount of this floating rate debt approximates fair value based upon the respective interest rates adjusting with market rate adjustments. The carrying amount of the Company's Redeemable Preferred Shares equals the redemption price, which approximates fair value. At December 31, 2022 and 2021, the estimated fair value of the Company's Senior Notes, calculated using Level 2 inputs, based on bid prices obtained from a broker was approximately $556.9 million and $675.0 million, respectively. The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or a liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: • Level 1 inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. • Level 2 inputs: Other than quoted prices in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. • Level 3 inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. Liabilities by Hierarchy Level The following tables set forth the Company’s liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy for the periods ended December 31, 2022 and 2021 (in thousands): Fair Value Measurements Using: December 31, 2022 Level 1 Level 2 Level 3 Total Liabilities: Founders advisory fees payable - related party $ 56,883 $ — $ 118,490 $ 175,373 LaderaTech contingent earn-out included in other liabilities, non-current — — 7,273 7,273 Total liabilities $ 56,883 $ — $ 125,763 $ 182,646 December 31, 2021 Liabilities: Founders advisory fees payable - related party $ 114,276 $ — $ 251,513 $ 365,789 LaderaTech contingent earn-out included in other liabilities, non-current — — 19,979 19,979 Total liabilities $ 114,276 $ — $ 271,492 $ 385,768 The LaderaTech contingent earn-out is based on 20% of gross profits upon achieving a revenue threshold exceeding $5.0 million through December 31, 2026 and was valued using a Monte Carlo simulation model. Significant changes in the projected revenue, projected gross margin, or discount rate would have a material impact on the fair value of the contingent consideration. See Note 11, Share-Based Compensation and Employee Benefits for discussion of the fair value estimation for the founders advisory fees payable. Changes in Level 3 Liabilities A roll forward of Level 3 liabilities measured at fair value on a recurring basis is as follows (in thousands): Founders Advisory Fees Payable - Related Party LaderaTech Predecessor Balance, December 31, 2020 $ — $ 19,816 Settlements — (3,000) Loss on contingent earn-out — 2,965 Balance, November 8, 2021 $ — $ 19,781 Successor Balance, November 9, 2021 $ 188,204 $ 19,781 Founders advisory fees - related party, change in fair value 63,309 — Loss on contingent earn-out — 198 Balance, December 31, 2021 251,513 19,979 Settlements (40,776) — Reclassification from liability to equity (10,495) — Founders advisory fees - related party, change in fair value (81,752) — Gain on contingent earn-out — (12,706) Balance, December 31, 2022 $ 118,490 $ 7,273 Intangible Assets Acquired (Successor) The estimated fair value assigned to identifiable intangible assets acquired are determined primarily by using an income approach using a discounted cash flow methodology, which is based on assumptions and estimates made by the management. The estimated fair value of the customer relationship intangible assets was estimated using the multi-period excess earnings method. Management applied significant judgement related to this fair value method, which included the selection of an expected EBITDA margin assumption for the forecast period, contributory asset charges, customer attrition rate and market-participant discount rate assumptions. The estimated fair value of the existing technology and trademarks intangible assets were estimated using the relief-from-royalty method. Management applied significant judgement related to this fair value method, which included the selection of a royalty rate over the expected economic life of the technology or trademark and market-participant discount rate assumptions. These significant assumptions are based on company specific information and projections, which are not observable in the market (except for the discount rate assumption) and, therefore, are considered Level 2 and Level 3 measurements. These significant assumptions are forward-looking and could be affected by future changes in economic and market conditions. The following table presents the estimated fair value assigned to identifiable intangible assets acquired in the Business Combination (in thousands): Estimated Estimated Useful Life (in years) (1) Identifiable Intangible Assets: Tradenames $ 101,000 20 Customer lists 761,000 20 Existing technology and patents 250,000 20 Total estimated fair value of intangible assets acquired $ 1,112,000 (1) Amortization of identifiable intangible assets is performed on a straight-line basis over the applicable useful life.

RELATED PARTIES

RELATED PARTIES	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTIES	RELATED PARTIES Successor On November 9, 2021, in connection with the consummation of the Business Combination, the Company, EverArc and the EverArc Founder Entity entered into an Assignment and Assumption Agreement (the “Founder Assignment Agreement”) pursuant to which the Company assumed, and agreed to pay, perform, satisfy and discharge in full, all of EverArc’s liabilities and obligations under the Founder Advisory Agreement. In exchange for the services provided to the Company, including strategic and capital allocation advice, the EverArc Founder Entity is entitled to receive both the Fixed Annual Advisory Amount and the Variable Annual Advisory Amount from the Company, each as described below: • Fixed Annual Advisory Amount. Effective upon the consummation of the Business Combination through December 31, 2027, the Fixed Annual Advisory Amount will be equal to 2,357,061 Ordinary Shares (1.5% of the 157,137,410 Ordinary Shares , the Founder Advisory Agreement Calculation Number). • Variable Annual Advisory Amount . Effective upon the consummation of the Business Combination through December 31, 2031, and once the average price per Ordinary Share is at least $10.00, the Variable Annual Advisory Amount will be equal in value to: • in the first year in which the Variable Annual Advisory Amount is payable, (x) 18% of the increase in the market value of one ordinary share of the Company over $10.00 (such increase in market value, the “Payment Price”) multiplied by (y) 157,137,410 Ordinary Shares , the Founder Advisory Agreement Calculation Number; and • in the following years in which the Variable Annual Advisory Amount may be payable (if at all), (x) 18% of the increase in Payment Price over the previous year Payment Price multiplied by (y) 157,137,410 Ordinary Shares , the Founder Advisory Agreement Calculation Number. The Founder Advisory Agreement can be terminated at any time (i) by the EverArc Founder Entity if the Company ceases to be traded on the NYSE; or (ii) by the EverArc Founder Entity or the Company if there is (A) a Sale of the Company (as defined in the Founder Advisory Agreement) or (B) a liquidation of the Company. The Company calculates the fair value of the Fixed Annual Advisory Amount using the average price of Ordinary Shares and used a Monte Carlo simulation model to calculate the fair value of the Variable Annual Advisory Amount. The Advisory Amounts may be settled by paying up to 50% in cash, recorded as a liability, with the remaining percentage settled in Ordinary Shares. While the entire instrument is subject to the fair value calculation described above, the amount classified and recorded as equity remains consistent while the amount classified and recorded as a liability is updated each period. For the year ended December 31, 2022, the Company recognized a reduction in share-based compensation expense related to a decrease in fair value for liability-classified Advisory Amounts of $117.3 million primarily due to the decrease in share price. For 2022, the average price was $8.86 per Ordinary Share. The EverArc Founder Entity is entitled to receive the Fixed Annual Advisory Amount of 2,357,061 Ordinary Shares or a value of $20.9 million, based on average price of $8.86 per Ordinary Share (the “2022 Fixed Amount”). The EverArc Founder Entity did not qualify to receive Variable Annual Advisory Amount for 2022 as the average price of $8.86 per Ordinary Share for 2022 was lower than the average price of $13.63 per Ordinary Share established for 2021. Per the Founder Advisory Agreement, the EverArc Founder Entity elected to receive approximately 77.7% of the 2022 Fixed Amount in Ordinary Shares (1,831,653 Ordinary Shares) and approximately 22.3% of the 2022 Fixed Amount in cash ($4.7 million). On February 15, 2023, the Company issued 1,831,653 Ordinary Shares and paid $4.7 million in cash in satisfaction of 2022 Fixed Amount. For 2021, the average price was $13.63 per Ordinary Share, resulting in a Fixed Annual Advisory Amount of 2,357,061 Ordinary Shares or a value of $32.1 million, based on average price of $13.63 per Ordinary Share (the “2021 Fixed Amount”). The EverArc Founder Entity also received a total Variable Annual Advisory Amount for 2021 of 7,525,906 ordinary shares, or a value of $102.5 million (the “2021 Variable Amount” and together with the 2021 Fixed Amount, the “2021 Advisory Amounts”). Per the Founder Advisory Agreement, the EverArc Founder Entity elected to receive approximately 60% of the 2021 Advisory Amounts in ordinary shares (5,952,992 ordinary shares) and approximately 40% of the 2021 Advisory Amounts in cash ($53.5 million). On February 15, 2022, the Company issued 5,952,992 Ordinary Shares and paid $53.5 million in cash in satisfaction of 2021 Advisory Amounts. Subject to certain limited exceptions, the EverArc Founder Entity’s liability for losses in connection with the services provided is excluded and the Company will have agreed to indemnify the EverArc Founder Entity and its affiliates in relation to certain liabilities incurred in connection with acts or omissions by or on behalf of the Company or the EverArc Founder Entity. If the Founder Advisory Agreement is terminated under (i) or (ii)(A), the Company will pay the EverArc Founder Entity an amount in cash equal to: (a) the Fixed Annual Advisory Amount for the year in which termination occurs and for each remaining year of the term of the agreement, in each case at the Payment Price; and (b) the Variable Annual Advisory Amount that would have been payable for the year of termination and for each remaining year of the term of the agreement. In each case the Payment Price in the year of termination will be calculated on the basis of the Payment Year ending on the trading day immediately prior to the date of termination, save that in the event of a Sale of the Company, the Payment Price will be calculated on the basis of the amount paid by the relevant third party (or cash equivalent if such amount is not paid in cash). For each remaining year of the term of the agreement the Payment Price in each case will increase by 15% each year. No account will be taken of any Payment Price in any year preceding the termination when calculating amounts due on termination. Payment will be immediately due and payable on the date of termination of the Founder Advisory Agreement. Notwithstanding that the Fixed and Variable Advisory Amounts will be paid out over five years and nine years, respectively, the Company has accrued the full amount of the payments because, the Company believes that, as a result of the consummation of the Business Combination, it has incurred an obligation equal to the present value of the entire amount of both the Fixed and Variable Annual Advisory Amounts. In the 2021 Successor Period, the Management Subscribers were granted an aggregate of 1,104,810 Ordinary Shares at $10.00 per shar e as consideration and the Director Subscribers purchased an aggregate of 200,000 Ordinary Shares at $10.00 per share in connection with the closing of the Business Combination. Certain officers of the Company entered into non-compete agreements that placed restrictive employment covenants on them for a period of three years following the Closing Date. The Company paid $0.4 million and $0.1 million to lease real property from the sellers of First Response Fire Rescue, LLC, River City Fabrication, LLC, and H&S Transport, LLC (collectively, “Ironman”) during the year ended December 31, 2022 and 2021 Successor Period, respectively. Predecessor In the 2021 Predecessor Period and 2020 Predecessor Period, $0.9 million and $2.7 million, respectively, was purchased pursuant to a purchase and sales agreement with the former owners of the original Invictus business (the "Sellers") for specific raw materials in the ordinary course of business. Additionally, in the 2021 Predecessor Period and 2020 Predecessor Period the Company sold raw materials at cost of $11.7 million and $6.4 million, respectively to the Sellers. Sales of raw materials are recorded net as “the agent” since the Company does not have the following: a) primary responsibility for fulfilling the promise to provide the specified good, b) inventory risk before the specified good is transferred to the customer, or c) discretion in establishing the prices for the specified good. This related party transaction is not at arm’s length. SK Capital Partners IV-A, L.P. and SK Capital Partners IV-A, L.P. (collectively, the “Sponsor”) provided board oversight, operational and strategic support, and assistance with business development in return for a quarterly management fee. Total management consulting fees and expenses were $1.1 million and $1.3 million for the 2021 Predecessor Period and 2020 Predecessor Period, respectively, and are presented in other operating expenses in the consolidated statements of operations and comprehensive income (loss).

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Disaggregation of revenues Amounts recognized at a point in time primarily relate to products sold whereas amounts recognized over time primarily relate to services associated with the full-service retardant contracts. Revenues for the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period are as follows (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Revenues from products $ 330,672 $ 20,242 $ 310,679 $ 320,681 Revenues from services 26,630 692 27,220 17,137 Other revenues 3,203 89 3,416 1,759 Total net sales $ 360,505 $ 21,023 $ 341,315 $ 339,577

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share represents income available to ordinary shareholders divided by the weighted average number of Ordinary Shares outstanding during the reported period. Diluted earnings per share is based upon the weighted-average number of Ordinary Shares outstanding during the period plus additional weighted-average potentially dilutive Ordinary Share equivalents during the period when the effect is dilutive. Basic and diluted weighted average shares outstanding and earnings per share were as follows (in thousands, except share and per share data): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Net income (loss) $ 91,758 $ (682,149) $ 20,629 $ 24,249 Weighted-average shares outstanding: Weighted average shares used in computing earnings per share, basic 160,937,575 157,158,579 53,045,510 53,045,510 Founders advisory fees 14,142,366 — — — Weighted average shares used in computing earnings per share, diluted 175,079,941 157,158,579 53,045,510 53,045,510 Basic earnings per share $ 0.57 $ (4.34) $ 0.39 $ 0.46 Diluted earnings per share $ 0.52 $ (4.34) $ 0.39 $ 0.46 As of December 31, 2022, 10.3 million PBNQSO and 22.4 million Ordinary Shares issuable under the Founder Advisory Agreement were excluded from the diluted earnings per share calculation as the contingencies related to such instruments had not been met. In addition, 8.5 million Ordinary Shares equivalent Warrants were excluded from the diluted earnings per share calculation as their effect would have been anti-dilutive. As of December 31, 2021, 8.8 million PBNQSO were excluded from the diluted earnings per share calculation as the contingencies related to such instruments had not been met. In addition, 8.5 million Ordinary Shares equivalent Warrants were excluded from the diluted earnings per share calculation as their effect would have been anti-dilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s products and operations are managed and reported in two operating segments: Fire Safety and Specialty Products, formerly Oil Additives. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services typically offered in conjunction with the Company’s retardant and foam products. In June 2022, the Oil Additives segment, which produces and sells P 2 S 5 , was renamed the Specialty Products segment to better reflect the current and expanding applications for P 2 S 5 in several end markets and applications, including lubricant additives, various agricultural applications, various mining applications, and emerging electric battery technologies. Within the lubricant additive end market, currently the Company’s largest end market application, P 2 S 5 is primarily used in the production of a family of compounds called ZDDP, which is considered an essential component in the formulation of engine oils with its main function to provide anti-wear protection to engine components. P 2 S 5 is also used in pesticide and mining chemicals applications. Interest income, interest expense, other income (expense) and certain corporate operating expenses are neither allocated to the segments nor included in the measures of segment performance by the chief operating decision-maker (“CODM”). The corporate category is not considered to be a segment. The CODM is the Company's CEO. The Company’s CODM uses the segment net sales and segment Adjusted EBITDA to assess the ongoing performance of the Company’s business segments and to allocate resources. The Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, as adjusted on a consistent basis for certain non-recurring or unusual items in a balanced manner and on a segment basis. These non-recurring or unusual items may include acquisition and integration related costs, management fees and other non-recurring items. Information related to net sales, Adjusted EBITDA, depreciation and amortization capital expenditures and assets and of the Company’s operations are summarized below (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Net sales: Fire safety $ 226,583 $ 7,913 $ 253,267 $ 244,968 Specialty products 133,922 13,110 88,048 94,609 Total $ 360,505 $ 21,023 $ 341,315 $ 339,577 Adjusted EBITDA: Fire safety $ 77,365 $ (3,696) $ 121,589 $ 112,034 Specialty products 48,026 1,838 21,703 23,977 Total segment Adjusted EBITDA 125,391 (1,858) 143,292 136,011 Less: Depreciation and amortization 65,795 9,379 52,000 58,117 Interest and financing expense 42,585 6,352 39,087 42,017 Founders advisory fees - related party (117,302) 652,990 — — Non-recurring expenses 6,885 5,580 4,845 2,379 Share-based compensation expense 14,649 4,821 156 — Non-cash purchase accounting impact 24,796 6,125 — — (Gain) loss on contingent earn-out (12,706) 198 2,965 — Management fees — — 1,073 1,281 Contingent future payments — — 4,375 3,125 Unrealized foreign currency loss (gain) 3,462 1,006 4,026 (5,640) Income (loss) before income taxes $ 97,227 $ (688,309) $ 34,765 $ 34,732 Depreciation and amortization: Fire safety $ 51,299 $ 7,418 $ 36,994 $ 41,271 Specialty products 14,496 1,961 15,006 16,846 Total $ 65,795 $ 9,379 $ 52,000 $ 58,117 December 31, 2022 December 31, 2021 Assets: Fire safety $ 1,958,633 $ 2,111,635 Specialty products 497,983 466,748 Total $ 2,456,616 $ 2,578,383 Net sales by geographical area is as follows (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 United States 74 % 52 % 75 % 82 % International sales (1) 26 48 25 18 Total net sales 100 % 100 % 100 % 100 % (1) Except for Spain, which represented 11% of sales in the 2021 Successor Period due to the shortened reporting period, the Company had no other operations in any individual international country that represented more than 10% of sales in the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period. Property, plant and equipment, net by geographical area consisted of the following (in thousands): December 31, 2022 December 31, 2021 United States $ 37,390 $ 37,159 Canada 2,594 3,512 Germany 14,802 17,199 Other foreign jurisdictions 4,060 4,377 Total property, plant and equipment, net $ 58,846 $ 62,247

PARENT COMPANY INFORMATION

PARENT COMPANY INFORMATION	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY INFORMATION	PARENT COMPANY INFORMATION PERIMETER SOLUTIONS, SA PARENT COMPANY INFORMATION CONDENSED BALANCE SHEETS (in thousands) December 31, 2022 December 31, 2021 Assets Current assets: Cash and cash equivalents $ 59,157 $ 216,413 Intercompany receivable 17,549 14,325 Prepaid expenses and other current assets 3,699 8,195 Total current assets 80,405 238,933 Other assets: Investment in subsidiaries 1,410,004 1,352,389 Intercompany note receivable — 20,000 Other assets, net 124 — Total assets $ 1,490,533 $ 1,611,322 Liabilities and Shareholders’ Equity Current Liabilities: Accounts payable $ 3,545 $ 455 Intercompany payable 64,555 60,566 Founders advisory fees payable - related party 4,655 53,547 Accrued expenses and other current liabilities 3,672 636 Total current liabilities 76,427 115,204 Founders advisory fees payable - related party 170,718 312,242 Redeemable preferred shares 101,279 96,867 Redeemable preferred shares - related party 3,209 3,699 Total liabilities 351,633 528,012 Shareholders’ equity: Total shareholders’ equity 1,138,900 1,083,310 Total liabilities and shareholders’ equity $ 1,490,533 $ 1,611,322 See accompanying notes to condensed financial statements. PERIMETER SOLUTIONS, SA PARENT COMPANY INFORMATION CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Year Ended December 31, 2022 November 9, 2021 through Operating expenses: Selling, general and administrative expense $ 18,471 $ 2,254 Founders advisory fees - related party (117,302) 652,990 Total operating (income) expense (98,831) 655,244 Operating income (loss) 98,831 (655,244) Other expenses 5,267 934 Income (loss) before undistributed earnings of subsidiaries 93,564 (656,178) Undistributed earnings of subsidiaries (1,806) (24,279) Net income (loss) 91,758 (680,457) Total comprehensive income (loss) $ 91,758 $ (680,457) See accompanying notes to condensed financial statements. PERIMETER SOLUTIONS, SA PARENT COMPANY INFORMATION CONDENSED STATEMENT OF CASH FLOWS (in thousands) Year Ended December 31, 2022 November 9, 2021 through Cash flows from operating activities: Net income (loss) $ 91,758 $ (680,457) Adjustments to reconcile net income (loss) to net cash used in operating activities Founders advisory fees - related party (change in accounting fair value) (117,302) — Equity in earnings of subsidiaries 1,806 24,279 Interest and payment-in-kind on preferred shares 5,229 944 Share-based compensation 285 1,182 Share-based compensation - Founders advisory fees - related party (equity settled) — 287,200 Changes in operating assets and liabilities, net of acquisitions: Intercompany receivable 766 (14,325) Prepaid expenses and current other assets 4,496 (8,195) Accounts payable 3,090 455 Accrued expenses and other current liabilities 1,729 889 Founders advisory fees - related party (cash settled) (53,547) 365,789 Net cash used in operating activities (61,690) (22,239) Cash flows from investing activities: Purchase of property and equipment (124) — Investment in subsidiaries (71,638) (1,209,155) Intercompany note receivable 20,000 (20,000) Net cash used in investing activities (51,762) (1,229,155) Cash flows from financing activities: Ordinary shares repurchased (44,333) — Proceeds from exercise of warrants 529 — Sale of Ordinary Shares issued to Director Subscribers — 2,000 Net cash (used in) provided by financing activities (43,804) 2,000 Net change in cash and cash equivalents (157,256) (1,249,394) Cash and cash equivalents, beginning of period 216,413 1,465,807 Cash and cash equivalents, end of period $ 59,157 $ 216,413 Non-cash investing and financing activities: Liability portion of founders advisory fees - related party reclassified to additional paid in capital $ 19,568 $ — Redeemable preferred shares issued as consideration for business combination $ — $ 100,000 Management Subscribers rollover contribution $ — $ 11,048 See accompanying notes to condensed financial statements. PERIMETER SOLUTIONS, SA PARENT COMPANY INFORMATION NOTES TO CONDENSED FINANCIAL STATEMENTS 1. Basis of Presentation The condensed parent-only financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X, as the restricted net assets of the subsidiaries of the Company exceed 25% of the consolidated net assets of the Company. Perimeter Solutions, SA, (the “Parent Company”), has no material assets or standalone operations other than its ownership in its consolidated subsidiaries, the redeemable preferred shares described in Notes 7 and 10, the cash from the proceeds of sale of Ordinary Shares described in Note 3, the cash paid on repurchase of Ordinary Shares described in Note 10 and the Founder Advisory Fees described in Notes 11 and 13. U nder the terms of the Revolving Credit Facility entered into by the SK Intermediate II, a wholly owned subsidiary of SK Intermediate, which itself is a wholly owned subsidiary of Perimeter Solutions, SA, SK Intermediate II is restricted from making dividends, distributions, or other payments to Perimeter Solutions, SA. As of December 31, 2022, substantially all of the consolidated net assets of SK Intermediate II are considered restricted net assets as defined in Rule 4-08(e)(3) of Regulation S-X. The accompanying c ondensed financial statements include the accounts of the Parent Company and, on an equity basis, its direct and indirect subsidiaries and affiliates. Accordingly, these condensed financial statements have been presented on a “parent-only” basis. Under a parent-only presentation, the Parent Company’s investments in subsidiaries are presented under the equity method of accounting. These condensed parent company financial statements have been prepared using the same accounting principles and policies described in the notes to the consolidated financial statements, with the only exception being that the parent company accounts for its subsidiaries using the equity method. These condensed parent-only financial statements should be read in conjunction with the consolidated financial statements and related notes thereto.

RESTATEMENT OF PREVIOUSLY ISSUE

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS In connection with preparing the consolidated financial statements for the year ended December 31, 2022 (this “Annual Report”) the Company determined that: • the technical requirements under ASC 718 for establishing a grant date on the date when the PBNQSO were awarded to employees and non-employees were not met since a mutual understanding of the terms and conditions did not exist as the Company’s compensation committee has the ability to adjust, at its discretion, how AOP against the performance target will be measured. Consequently, the service inception date of these PBNQSO precedes the grant date and the Company should have recognized compensation expense beginning on the service inception date and remeasured the fair value of the PBNQSO at the end of each reporting period until a grant date is established. Under the previously applied accounting treatment, the Company recorded compensation costs based on the grant date fair value calculated using the Black-Scholes option-pricing model (the “Stock Options Error”); and • the amortization of the step-up in basis of inventory, which is a non-cash adjustment to inventory cost established at the time of Business Combination was understated during the period from November 9, 2021 through December 31, 2021 (the “Inventory Amortization Error”). Management evaluated the effect of the Stock Options Error and the Inventory Amortization Error on the Company’s previously issued consolidated financial statements under ASC 250, “Accounting Changes and Error Corrections”, Staff Accounting Bulletin No. 99, “Materiality”, and Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements” and concluded that: • the Stock Options Error and the Inventory Amortization Error were material to the previously issued unaudited condensed consolidated financial statements for the quarterly and year-to-date periods ended September 30, 2022 (“September 2022 Quarter”) and June 30, 2022 (“June 2022 Quarter”), and, as a result, such unaudited financial statements should be restated; • the Stock Options Error and the Inventory Amortization Error were immaterial to the previously issued unaudited condensed consolidated financial statements for the quarter ended March 31, 2022 (“March 2022 Quarter”). However, as the Stock Options Error and the Inventory Amortization Error impacted prior periods, such unaudited financial statements should be revised. • the Inventory Amortization Error was immaterial to the previously issued audited consolidated financial statements as of December 31, 2021 and for the period from November 9, 2021 through December 2021 (“December 2021 Period”). However, as the Inventory Amortization Error impacted the prior period, such financial statements should be revised. The impact of the restatement on the Company’s unaudited financial statements for the September 2022 Quarter and June 2022 Quarter are presented below: SEPTEMBER 2022 QUARTER PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET (in thousands, except share and per share data) (Unaudited) September 30, 2022 As Reported Adjustment As Restated ASSETS Current assets: Cash and cash equivalents $ 166,256 $ — $ 166,256 Accounts receivable, net 85,612 — 85,612 Inventories 120,467 — 120,467 Income tax receivable 655 — 655 Prepaid expenses and other current assets 4,876 — 4,876 Total current assets 377,866 — 377,866 Property, plant and equipment, net 57,187 — 57,187 Goodwill 1,019,387 — 1,019,387 Customer lists, net 715,829 — 715,829 Technology and patents, net 233,861 — 233,861 Tradenames, net 95,047 — 95,047 Other assets, net 1,877 — 1,877 Total assets $ 2,501,054 $ — $ 2,501,054 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 31,856 $ — $ 31,856 Accrued expenses and other current liabilities 124,429 (65,401) 59,028 Founders advisory fees payable - related party 9,836 — 9,836 Deferred revenue 1,272 — 1,272 Total current liabilities 167,393 (65,401) 101,992 Long-term debt 664,986 — 664,986 Deferred income taxes 222,952 50,467 273,419 Founders advisory fees payable - related party 134,598 — 134,598 Redeemable preferred shares 100,263 — 100,263 Redeemable preferred shares - related party 3,245 — 3,245 Other non-current liabilities 8,951 — 8,951 Total liabilities 1,302,388 (14,934) 1,287,454 Commitments and contingencies Shareholders’ equity: Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 shares issued; 162,316,326 shares outstanding 163,235 — 163,235 Treasury shares, at cost; 918,216 shares (7,572) — (7,572) Additional paid-in capital 1,697,644 (11,746) 1,685,898 Accumulated other comprehensive loss (41,561) — (41,561) Accumulated deficit (613,080) 26,680 (586,400) Total shareholders’ equity 1,198,666 14,934 1,213,600 Total liabilities and shareholders’ equity $ 2,501,054 $ — $ 2,501,054 PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands, except share and per share data) (Unaudited) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Reported Adjustment As Restated As Reported Adjustment As Restated Net sales $ 160,509 $ — $ 160,509 $ 319,232 $ — $ 319,232 Cost of goods sold 74,707 (946) 73,761 191,757 (4,603) 187,154 Gross profit 85,802 946 86,748 127,475 4,603 132,078 Operating expenses: Selling, general and administrative expense 22,381 (6,731) 15,650 64,803 (10,320) 54,483 Amortization expense 13,738 — 13,738 41,395 — 41,395 Founders advisory fees - related party (73,713) — (73,713) (154,026) — (154,026) Other operating expense (51) — (51) 405 — 405 Total operating expenses (37,645) (6,731) (44,376) (47,423) (10,320) (57,743) Operating income 123,447 7,677 131,124 174,898 14,923 189,821 Other expense (income): Interest expense, net 9,944 — 9,944 32,582 — 32,582 Gain on contingent earn-out (3,644) — (3,644) (13,042) — (13,042) Unrealized foreign currency loss 4,705 — 4,705 8,741 — 8,741 Other income, net (785) — (785) (820) — (820) Total other expense, net 10,220 — 10,220 27,461 — 27,461 Income before income taxes 113,227 7,677 120,904 147,437 14,923 162,360 Income tax (expense) benefit (34,516) 19,839 (14,677) (23,692) 13,449 (10,243) Net income 78,711 27,516 106,227 123,745 28,372 152,117 Other comprehensive loss, net of tax: Foreign currency translation adjustments (18,181) — (18,181) (34,426) — (34,426) Total comprehensive income $ 60,530 $ 27,516 $ 88,046 $ 89,319 $ 28,372 $ 117,691 Earnings per share: Basic $ 0.48 $ 0.17 $ 0.65 $ 0.76 $ 0.18 $ 0.94 Diluted $ 0.45 $ 0.15 $ 0.60 $ 0.70 $ 0.16 $ 0.86 Weighted average number of ordinary shares outstanding: Basic 162,635,592 — 162,635,592 161,943,492 — 161,943,492 Diluted 176,777,958 — 176,777,958 176,085,858 — 176,085,858 PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (in thousands, except share data) (Unaudited) Ordinary Shares Treasury Shares Additional Accumulated Accumulated Total Shares Amount Shares Amount As Reported Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,690,812 $ (23,380) $ (691,791) $ 1,133,868 Share-based compensation — — — — 6,832 — — 6,832 Ordinary shares repurchased — — 320,703 (2,564) — — — (2,564) Net income — — — — — — 78,711 78,711 Other comprehensive loss — — — — — (18,181) — (18,181) Balance, September 30, 2022 163,234,542 $ 163,235 918,216 $ (7,572) $ 1,697,644 $ (41,561) $ (613,080) $ 1,198,666 Adjustments Balance, June 30, 2022 — $ — — $ — $ (4,069) $ — $ (836) $ (4,905) Share-based compensation — — — — (7,677) — — (7,677) Net income — — — — — — 27,516 27,516 Total Adjustments — $ — — $ — $ (11,746) $ — $ 26,680 $ 14,934 As Restated Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,686,743 $ (23,380) $ (692,627) $ 1,128,963 Share-based compensation — — — — (845) — — (845) Ordinary shares repurchased — — 320,703 (2,564) — — — (2,564) Net income — — — — — — 106,227 106,227 Other comprehensive loss — — — — — (18,181) — (18,181) Balance, September 30, 2022 163,234,542 $ 163,235 918,216 $ (7,572) $ 1,685,898 $ (41,561) $ (586,400) $ 1,213,600 PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (in thousands) (Unaudited) Nine Months Ended September 30, 2022 As Reported Adjustment As Restated Cash flows from operating activities: Net income $ 123,745 $ 28,372 $ 152,117 Adjustments to reconcile net income to net cash used in operating activities: Founders advisory fees - related party (change in accounting fair value) (154,026) — (154,026) Depreciation and amortization expense 49,536 — 49,536 Interest and payment-in-kind on preferred shares 4,903 — 4,903 Share-based compensation 19,297 (11,746) 7,551 Deferred income taxes (72,441) 51,953 (20,488) Amortization of deferred financing costs 1,196 — 1,196 Amortization of acquisition related inventory step-up 27,973 (3,177) 24,796 Gain on contingent earn-out (13,042) — (13,042) Unrealized loss on foreign currency 8,741 — 8,741 Loss on disposal of assets 9 — 9 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable (63,838) — (63,838) Inventories (40,759) — (40,759) Prepaid expenses and other current assets 9,058 — 9,058 Accounts payable 4,975 — 4,975 Deferred revenue 889 — 889 Income taxes payable, net 88,673 (65,402) 23,271 Accrued expenses and other current liabilities 15,547 — 15,547 Founders advisory fees - related party (cash settled) (53,547) — (53,547) Other liabilities (73) — (73) Net cash used in operating activities (43,184) — (43,184) Cash flows from investing activities: Purchase of property and equipment (6,024) — (6,024) Purchase price adjustment under Business Combination Agreement (1,638) — (1,638) Net cash used in investing activities (7,662) — (7,662) Cash flows from financing activities: Ordinary shares repurchased (7,572) — (7,572) Proceeds from exercise of warrants 529 529 Net cash used in financing activities (7,043) — (7,043) Effect of foreign currency on cash and cash equivalents (1,409) — (1,409) Net change in cash and cash equivalents (59,298) — (59,298) Cash and cash equivalents, beginning of period 225,554 — 225,554 Cash and cash equivalents, end of period $ 166,256 $ — $ 166,256 Supplemental disclosures of cash flow information: Cash paid for interest $ 18,299 $ — $ 18,299 Cash paid for income taxes $ 7,588 $ — $ 7,588 Non-cash investing and financing activities: Liability portion of founders advisory fees - related party reclassified to additional paid in capital $ 13,783 $ — $ 13,783 JUNE 2022 QUARTER PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET (in thousands, except share and per share data) (Unaudited) June 30, 2022 As Reported Adjustment As Restated ASSETS Current assets: Cash and cash equivalents $ 125,502 $ — $ 125,502 Accounts receivable, net 68,458 — 68,458 Inventories 123,065 — 123,065 Income tax receivable 25,608 (14,167) 11,441 Prepaid expenses and other current assets 6,763 — 6,763 Total current assets 349,396 (14,167) 335,229 Property, plant and equipment, net 59,155 — 59,155 Goodwill 1,031,219 — 1,031,219 Customer lists, net 730,339 — 730,339 Technology and patents, net 239,043 — 239,043 Tradenames, net 96,960 — 96,960 Other assets, net 1,992 — 1,992 Total assets $ 2,508,104 $ (14,167) $ 2,493,937 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 42,967 $ — $ 42,967 Accrued expenses and other current liabilities 22,876 — 22,876 Founders advisory fees payable - related party 27,116 — 27,116 Deferred revenue 5,387 — 5,387 Total current liabilities 98,346 — 98,346 Long-term debt 664,696 — 664,696 Deferred income taxes 304,993 (9,262) 295,731 Founders advisory fees payable - related party 191,031 — 191,031 Redeemable preferred shares 99,312 — 99,312 Redeemable preferred shares - related party 3,215 — 3,215 Other non-current liabilities 12,643 — 12,643 Total liabilities 1,374,236 (9,262) 1,364,974 Commitments and contingencies Shareholders’ equity: Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 shares issued; 162,637,029 shares outstanding 163,235 — 163,235 Treasury shares, at cost; 597,513 shares (5,008) — (5,008) Additional paid-in capital 1,690,812 (4,069) 1,686,743 Accumulated other comprehensive loss (23,380) — (23,380) Accumulated deficit (691,791) (836) (692,627) Total shareholders’ equity 1,133,868 (4,905) 1,128,963 Total liabilities and shareholders’ equity $ 2,508,104 $ (14,167) $ 2,493,937 PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands, except share and per share data) (Unaudited) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 As Reported Adjustment As Restated As Reported Adjustment As Restated Net sales $ 100,965 $ — $ 100,965 $ 158,723 $ — $ 158,723 Cost of goods sold 72,423 (373) 72,050 117,050 (3,657) 113,393 Gross profit 28,542 373 28,915 41,673 3,657 45,330 Operating expenses: Selling, general and administrative expense 22,614 (2,935) 19,679 42,422 (3,589) 38,833 Amortization expense 13,802 — 13,802 27,657 — 27,657 Founders advisory fees - related party (20,465) — (20,465) (80,313) — (80,313) Other operating expense 260 — 260 456 — 456 Total operating expenses 16,211 (2,935) 13,276 (9,778) (3,589) (13,367) Operating income 12,331 3,308 15,639 51,451 7,246 58,697 Other expense (income): Interest expense, net 12,142 — 12,142 22,638 — 22,638 Gain on contingent earn-out (9,398) — (9,398) (9,398) — (9,398) Unrealized foreign currency loss 3,156 — 3,156 4,036 — 4,036 Other income, net (200) — (200) (35) — (35) Total other expense, net 5,700 — 5,700 17,241 — 17,241 Income before income taxes 6,631 3,308 9,939 34,210 7,246 41,456 Income tax benefit (expense) 592 (1,604) (1,012) 10,824 (6,390) 4,434 Net income 7,223 1,704 8,927 45,034 856 45,890 Other comprehensive loss, net of tax: Foreign currency translation adjustments (16,371) — (16,371) (16,245) — (16,245) Total comprehensive (loss) income $ (9,148) $ 1,704 $ (7,444) $ 28,789 $ 856 $ 29,645 Earnings per share: Basic $ 0.04 $ 0.01 $ 0.05 $ 0.28 $ — $ 0.28 Diluted $ 0.04 $ 0.01 $ 0.05 $ 0.26 $ — $ 0.26 Weighted average number of ordinary shares outstanding: Basic 162,917,478 — 162,917,478 161,591,704 — 161,591,704 Diluted 177,059,844 — 177,059,844 175,734,070 — 175,734,070 PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (in thousands, except share data) (Unaudited) Ordinary Shares Treasury Shares Additional Accumulated Accumulated Total Shares Amount Shares Amount As Reported Balance, March 31, 2022 163,234,542 $ 163,235 — $ — $ 1,684,071 $ (7,009) $ (699,014) $ 1,141,283 Share-based compensation — — — — 6,741 — — 6,741 Ordinary shares repurchased — — 597,513 (5,008) — — — (5,008) Net income — — — — — — 7,223 7,223 Other comprehensive loss — — — — — (16,371) — (16,371) Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,690,812 $ (23,380) $ (691,791) $ 1,133,868 Adjustments Balance, March 31, 2022 — $ — — $ — $ (761) $ — $ (2,540) $ (3,301) Share-based compensation — — — — (3,308) — — (3,308) Net income — — — — — — 1,704 1,704 Total Adjustments — $ — — $ — $ (4,069) $ — $ (836) $ (4,905) As Restated Balance, March 31, 2022 163,234,542 $ 163,235 — $ — $ 1,683,310 $ (7,009) $ (701,554) $ 1,137,982 Share-based compensation — — — — 3,433 — — 3,433 Ordinary shares repurchased — — 597,513 (5,008) — — — (5,008) Net income — — — — — — 8,927 8,927 Other comprehensive loss — — — — — (16,371) — (16,371) Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,686,743 $ (23,380) $ (692,627) $ 1,128,963 PERIMETER SOLUTIONS, SA AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (in thousands) (Unaudited) Six Months Ended June 30, 2022 As Reported Adjustment As Restated Cash flows from operating activities: Net income $ 45,034 $ 856 $ 45,890 Adjustments to reconcile net income to net cash used in operating activities: Founders advisory fees - related party (change in accounting fair value) (80,313) — (80,313) Depreciation and amortization expense 33,086 — 33,086 Interest and payment-in-kind on preferred shares 3,268 — 3,268 Share-based compensation 12,465 (4,069) 8,396 Deferred income taxes 7,648 (7,777) (129) Amortization of deferred financing costs 793 — 793 Amortization of acquisition related inventory step-up 27,315 (3,177) 24,138 Gain on contingent earn-out (9,398) — (9,398) Unrealized loss on foreign currency 4,036 — 4,036 Loss on disposal of assets 9 — 9 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable (44,477) — (44,477) Inventories (41,431) — (41,431) Income tax receivable (24,778) 14,167 (10,611) Prepaid expenses and other current assets 7,301 — 7,301 Accounts payable 15,834 — 15,834 Deferred revenue 4,991 — 4,991 Accrued expenses and other current liabilities 2,789 — 2,789 Founders advisory fees - related party (cash settled) (53,547) — (53,547) Other liabilities 24 — 24 Net cash used in operating activities (89,351) — (89,351) Cash flows from investing activities: Purchase of property and equipment (4,006) — (4,006) Purchase price adjustment under Business Combination Agreement (1,638) — (1,638) Net cash used in investing activities (5,644) — (5,644) Cash flows from financing activities: Ordinary shares repurchased (5,008) — (5,008) Proceeds from exercise of warrants 529 529 Net cash used in financing activities (4,479) — (4,479) Effect of foreign currency on cash and cash equivalents (578) — (578) Net change in cash and cash equivalents (100,052) — (100,052) Cash and cash equivalents, beginning of period 225,554 — 225,554 Cash and cash equivalents, end of period $ 125,502 $ — $ 125,502 Supplemental disclosures of cash flow information: Cash paid for interest $ 17,919 $ — $ 17,919 Cash paid for income taxes $ 6,572 $ — $ 6,572 Non-cash investing and financing activities: Liability portion of founders advisory fees - related party reclassified to additional paid in capital $ 13,783 $ — $ 13,783 The impact of the revision on the Company’s unaudited financial statements for the March 2022 Quarter are presented below (in thousands): MARCH 2022 QUARTER March 31, 2022 Condensed Consolidated Balance Sheet As Reported Adjustment As Revised Income tax receivable $ 17,935 $ (10,182) $ 7,753 Total current assets 332,225 (10,182) 322,043 Total assets 2,523,596 (10,182) 2,513,414 Deferred income taxes 304,974 (6,881) 298,093 Total liabilities 1,382,313 (6,881) 1,375,432 Additional paid-in capital 1,684,071 (761) 1,683,310 Accumulated deficit (699,014) (2,540) (701,554) Total shareholders’ equity 1,141,283 (3,301) 1,137,982 Total liabilities and shareholders’ equity 2,523,596 (10,182) 2,513,414 Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) Three Months Ended March 31, 2022 As Reported Adjustment As Revised Cost of goods sold $ 44,627 $ (3,284) $ 41,343 Gross profit 13,131 3,284 16,415 Selling, general and administrative expense 19,808 (654) 19,154 Total operating expenses (25,989) (654) (26,643) Operating income 39,120 3,938 43,058 Income before income taxes 27,579 3,938 31,517 Income tax benefit (expense) 10,232 (4,786) 5,446 Net income (loss) 37,811 (848) 36,963 Total comprehensive income (loss) 37,937 (848) 37,089 Earnings per share: Basic $ 0.24 $ (0.01) $ 0.23 Diluted $ 0.22 $ (0.01) $ 0.21 Three Months Ended March 31, 2022 Condensed Consolidated Statement of Shareholders’ Equity Additional Accumulated Deficit Total Shareholders’ Equity Balance, December 31, 2021, as reported $ 1,670,033 $ (736,825) $ 1,083,310 Adjustments — (1,692) (1,692) Balance, December 31, 2021, as revised 1,670,033 (738,517) 1,081,618 Share-based compensation, as reported $ 5,724 $ — $ 5,724 Adjustments (761) — (761) Share-based compensation, as revised 4,963 — 4,963 Net income, as reported $ — $ 37,811 $ 37,811 Adjustments — (848) (848) Net income, as revised — 36,963 36,963 Balance, March 31, 2022, as reported $ 1,684,071 $ (699,014) $ 1,141,283 Adjustments (761) (2,540) (3,301) Balance, March 31, 2022, as revised 1,683,310 (701,554) 1,137,982 Condensed Consolidated Statement of Cash Flows Three Months Ended March 31, 2022 As Reported Adjustment As Revised Cash flow from operating activities: Net income (loss) $ 37,811 $ (848) $ 36,963 Adjustments to reconcile net income to net cash used in operating activities: Share-based compensation $ 5,724 $ (761) $ 4,963 Deferred income taxes 6,239 (5,396) 843 Amortization of acquisition related inventory step-up 9,299 (3,177) 6,122 Changes in operating assets and liabilities, net of acquisitions: Income tax receivable $ (16,150) $ 10,182 $ (5,968) The impact of the revision on the Company’s audited financial statements for the December 2021 Period are presented below (in thousands): DECEMBER 2021 PERIOD December 31, 2021 Consolidated Balance Sheet As Reported Adjustment As Revised Inventories $ 110,087 $ (3,177) $ 106,910 Total current assets 374,937 (3,177) 371,760 Total assets 2,581,560 (3,177) 2,578,383 Deferred income taxes 298,633 (1,485) 297,148 Total liabilities 1,498,250 (1,485) 1,496,765 Accumulated deficit (736,825) (1,692) (738,517) Total shareholders’ equity 1,083,310 (1,692) 1,081,618 Total liabilities and shareholders’ equity 2,581,560 (3,177) 2,578,383 Consolidated Statement of Operations and Comprehensive Income (Loss) November 9, 2021 Through December 31, 2021 As Reported Adjustment As Revised Cost of goods sold $ 20,533 $ 3,177 $ 23,710 Gross profit 490 (3,177) (2,687) Operating loss (677,578) (3,177) (680,755) Loss before income taxes (685,132) (3,177) (688,309) Income tax benefit 4,675 1,485 6,160 Net loss (680,457) (1,692) (682,149) Total comprehensive loss (687,592) (1,692) (689,284) Net loss per share: Basic and diluted $ (4.33) $ (0.01) $ (4.34) November 9, 2021 Consolidated Statement of Shareholders’ Equity Accumulated Deficit Total Shareholders’ Equity Net loss, as reported $ (680,457) $ (680,457) Adjustments (1,692) (1,692) Net loss, as revised $ (682,149) $ (682,149) Balance, December 31, 2021, as reported $ (736,825) $ 1,083,310 Adjustments (1,692) (1,692) Balance, December 31, 2021, as revised $ (738,517) $ 1,081,618 Consolidated Statement of Cash Flows November 9, 2021 Through December 31, 2021 As Reported Adjustment As Revised Cash flow from operating activities: Net loss $ (680,457) $ (1,692) $ (682,149) Adjustments to reconcile net loss to net cash provided by operating activities: Deferred income taxes (670) (1,485) (2,155) Amortization of acquisition related inventory step-up 2,948 3,177 6,125

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT In connection with a realignment of the Company’s business operations, the role of Chief Operating Officer has been eliminated and Ernest Kremling, Chief Operating Officer, has left the Company effective January 13, 2023.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation In connection with the Business Combination, the Merger was accounted for as a common control transaction, where substantially all of the net assets of PSSA will be those previously held by EverArc and are recognized by PSSA at EverArc’s carrying value. Upon the acquisition of SK Intermediate, PSSA was determined to be the legal and accounting acquirer (the "Successor") and SK Intermediate was deemed to be the accounting predecessor (the "Predecessor"). The business combination of SK Intermediate was accounted for using the acquisition method of accounting and the Successor financial statements reflect a new basis of accounting based on the fair value of the net assets acquired. As a result of the application of the acquisition method of accounting, the Company’s consolidated financial statements and certain presentations are separated into two distinct periods to indicate the different ownership and accounting basis between the periods presented, the period before the consummation of the Business Combination, which includes the period from January 1, 2021 to November 8, 2021 (the “2021 Predecessor Period”); the year ended December 31, 2020 (the “2020 Predecessor Period”); and the period on and after the consummation of the Business Combination, from the Closing Date to December 31, 2021 (the “2021 Successor Period”). The accompanying consolidated statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). The consolidated financial statements for the prior periods include certain reclassifications that were made to conform to the current period presentation. Such reclassifications have no impact on previously reported consolidated financial position, results of operations or cash flows.
Principles of Consolidation	Principles of ConsolidationThe consolidated financial statements have been prepared in accordance with U.S. GAAP. The consolidated financial statements include the accounts of the Company and its subsidiaries after elimination of intercompany transactions and balances.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates made by management in connection with the preparation of the accompanying consolidated financial statements include the fair value of purchase consideration and assets acquired and liabilities assumed in a business combination, the useful lives of long-lived assets, inventory valuations, the allocation of transaction price among various performance obligations, the allowance for doubtful accounts, the fair value of financial assets and liabilities, valuation of goodwill, indefinite life intangible assets, stock options, founder advisory fees, contingent earn-out liability and realizability of deferred tax assets. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash in banks. For purposes of reporting cash and cash equivalents, the Company considers all deposits with an original maturity of three months or less to be cash equivalents.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful AccountsAccounts receivable are stated at the amounts due from customers for products or services provided. The Company evaluates the collectability of its accounts receivable based on management's estimate for expected credit losses for outstanding accounts receivables. The Company determines expected credit losses based upon a number of factors, including historical experience, the likelihood of payment from its customers, and any other known specific factors associated with its customers. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable and reassess the adequacy of the allowance each reporting period. Account balances are charged-off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.
Inventories	InventoriesInventories are stated at the lower of cost or net realizable value using the weighted-average cost method. The Company evaluates inventories periodically during each reporting period for obsolete, excess, or slow-moving products and will record any adjustment, if necessary, to report these items at an estimated net realizable value.
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net Property, plant and equipment acquired in business combinations are recorded at fair value at the date of acquisition. All other property, plant and equipment are stated at cost less accumulated depreciation. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation and amortization are removed from the consolidated balance sheets and the resulting gain or loss is reflected in the consolidated statements of operations and comprehensive income (loss) in the period realized. Costs of maintenance and repairs are charged to expense as incurred.
Business Combinations	Business Combinations The Company accounts for its business combinations using the acquisition accounting method, which requires it to determine the fair value of identifiable assets acquired and liabilities assumed, including any contingent consideration, to properly allocate the purchase price to the individual assets acquired and liabilities assumed and record any residual purchase price as goodwill in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations. The Company records assets acquired and liabilities assumed at their respective fair value at the date of acquisition. Management uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date. Such estimates are inherently uncertain and may be subject to refinement. If the initial accounting for the business combination has not been completed by the end of the reporting period in which the business combination occurs, provisional amounts are reported to present information about facts and circumstances that existed as of the acquisition date. During the measurement period of up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill, to the extent such information was not available to the Company at the acquisition date to determine such amounts. Accounting for business combinations requires the Company to make significant estimates and assumptions at the acquisition date, including estimates of the fair value of acquired inventory, property and equipment, identifiable intangible assets, contractual obligations assumed, preacquisition contingencies, where applicable, and equity issued. Significant assumptions relevant to the determination of the fair value of the assets acquired and liabilities assumed include, but are not limited to, future expected cash flows, discount rates, royalty rates, and other assumptions. The approach to valuing an initial contingent consideration associated with the purchase price also uses similar unobservable factors such as projected revenues and expenses over the term of the contingent earn-out period, discounted for the period over which the initial contingent consideration is measured, and relevant volatility rates. Based upon these assumptions, the initial contingent consideration is then valued using a Monte Carlo simulation. All acquisition-related costs, other than the costs to issue debt or equity securities, are accounted for as expenses in the period in which they are incurred. Changes in the fair value of contingent consideration arrangements that are not measurement period adjustments are recognized in earnings.
Goodwill	Goodwill Goodwill is deemed to have an indefinite life and is subject to at least annual impairment assessments at the reporting unit level or more frequently when events or circumstances occur that indicate that it is more likely than not that an impairment has occurred. The Company conducts an annual impairment test on October 1st each year. The Company performs a qualitative assessment to determine whether it is more likely than not that goodwill is impaired. Factors utilized in the qualitative assessment include macroeconomic conditions, industry and market considerations, cost factors, overall financial performance and Company specific events. If the qualitative assessment indicates it is more likely than not that goodwill is impaired, the entity performs a quantitative assessment, which consists of a comparison of the fair value of the reporting unit with its carrying amount. The Company’s reporting units are either its operating business segments or one level below its operating business segments for which discrete financial information is available and for which operating results are regularly reviewed by the business management. The Company estimates the fair value based on combination of the income and market present value techniques involving future cash flows. Future cash flows for all reporting units include assumptions about revenue growth rates, adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) margins, discount rate as well as other economic or industry-related factors. Significant management judgment is involved in estimating these variables and they include inherent uncertainties since they are forecasting future events. The Company performs a sensitivity analysis by using a range of inputs to confirm the reasonableness of these estimates being used in the goodwill impairment analysis. The Company uses a Weighted Average Cost of Capital (“WACC”) approach to determine its discount rate for goodwill recoverability testing. WACC calculation incorporates industry-weighted average returns on debt and equity from a market perspective. The factors in this calculation are largely external to the Company and, therefore, are beyond its control. In accordance with the accounting guidance, the Company elected to bypass the qualitative assessment and proceeded directly to performing a quantitative goodwill impairment test. On October 1, 2022, the Company performed a quantitative assessment for its Fire Safety and Specialty Products reporting units to determine whether impairment exists from the most recent valuation date due to current adverse macro-economic conditions, including but not limited to supply chain delays, geopolitical conflict and more recently from unfavorable changes in foreign exchange rates due to strengthening of the U.S. dollar, steady increase in federal funds rates by Federal Reserve and decline in market price of the Company’s Ordinary Shares. In determining the fair value of the reporting unit, the Company used a combination of the income and market approaches to estimate the reporting unit’s business enterprise value. The estimated fair value for the Fire Safety and Specialty Products reporting units exceeded their related carrying values as of October 1, 2022. As a result, no goodwill impairment was recorded.
Intangible Assets	Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives, which vary depending on the type of intangible assets. Costs to maintain and extend intangible assets are expensed as incurred. In determining the estimated useful lives of definite-lived intangibles, the Company considers the nature, competitive position, life cycle position and historical and expected future operating cash flows of each acquired assets, as well as its commitment to support these assets through continued investment and legal infringement protection.
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsLong-lived assets include acquired property, plant, and equipment and intangible assets subject to amortization. The Company evaluates the recoverability of long-lived assets for possible impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be fully recoverable. Such events and changes may include significant changes in performance relative to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in the Company’s business strategy. The Company determines the recoverability of such assets by comparing an asset’s respective carrying value to estimates of the sum of the undiscounted future cash flows expected to result from its asset group. If such review indicates that the carrying amount of long-lived assets is not recoverable, the carrying amount of such assets is reduced to fair value.
Revenue Recognition	Revenue Recognition The Company follows the guidance in ASC Topic 606, Revenue from Contracts with Customers , which requires a company to recognize revenue when the company transfers control of promised goods and services to the customer. Revenue is recognized in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. A company also is required to disclose sufficient quantitative and qualitative information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company derives its revenue from contracts with customers, which comprise of following principal activities as described: • Full-service air base fire retardant includes sales from the supply and service of fire retardant to designated air tanker bases. The Company provides fire retardant product, the related equipment, and service personnel who operate the related equipment at the designated air tanker bases for the period specified in the contract with respect to each designated air tanker base. Product revenues are recognized at the point in time when product is shipped and control is transferred to the customer, typically when the product is consumed by the customer. The component of service revenue is recognized ratably over time as the customer simultaneously receives and consumes the services. The Company has entered into full-service contracts with the U.S. Forest Service (“USFS”) and the state of California. These contracts are between Perimeter Solutions and the USFS and/or the state of California for supply and service of long-term fire retardant to the designated air tanker bases of certain Government agencies. The revenue derived from these contracts is comprised of three performance obligations, namely product sales, providing operations and maintenance personnel services and leasing of specified equipment. The performance obligation for product sales is satisfied at a point in time, while for services and leases it is a “stand-ready obligation” and the revenue is recognized straight-line over the service period. Control of a product is deemed to be transferred to the customer upon shipment or delivery. • Fire retardant, suppressant, and related equipment includes domestic and international sales of fire retardant and fire suppressant products. Product revenues are recognized at the point in time when control of the product is transferred to the customer which is upon shipment or delivery of the product to the customer, depending on the underlying contract terms. • Specialty products includes domestic and international sales of oil additive products by the Company entities in the U.S. and Germany. Product revenues are recognized at the point in time when control of the product is transferred to the customer which is upon shipment or delivery of the product to the customer, depending on the underlying contract terms. The Company uses the policy election to account for the shipping and handling activities as activities to fulfill the Company’s promise to transfer goods to the customer, rather than as a performance obligation. Accordingly, the costs of the shipping and handling activities are accrued for at the time of shipment. The transaction price of a contract, or the amount the Company expects to receive upon satisfaction of all performance obligations, is determined by reference to the contract’s terms and includes adjustments, if applicable, for any variable consideration, such as sales incentives, wherever these adjustments are material. For full service contracts the transaction price is variable and is based upon gallons of product consumed by the customer during the service period i.e., mobilization period, which typically lasts during May through September. The Company includes the estimated amount of variable consideration in transaction price that it expects to receive to the extent it is probable that a significant revenue reversal will not occur. Sales and other taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, which are collected by the Company from a customer, are excluded from revenue. Payment terms vary by contract and sales to customers are deemed collectible at the time of sale based on customer history, prior credit checks, and controls around customer credit limits. The Company does provide for the right to return; however, most of the product is used at the point of purchase and returns are minimal. Therefore, there is no estimated obligation for returns. Standard terms of delivery are generally included in the Company's contracts of sale, order confirmation documents and invoices. Cost to Obtain Contract Incremental costs of obtaining a contract include only those costs that are directly related to the acquisition of contracts, including sales commissions, and that would not have been incurred if the contract had not been obtained. The Company recognizes an asset for the incremental costs of obtaining a contract with a customer if it is expected that the economic benefit and amortization period will be longer than one year. Costs to obtain contracts were not material in the periods presented. Deferred Revenue Deferred revenue represents billings under noncancelable contracts before the related product or service is transferred to the customer. The portion of deferred revenue that is anticipated to be recognized as revenue during the succeeding twelve-month period is recorded as deferred revenue and the remaining portion is recorded as deferred revenue, non-current. The contracts entered by the Company have duration of one year or more. Any billings made to the customer during the financial year for which the related product or service is yet to be delivered on the cutoff date, i.e., December 31, is recognized as deferred revenue. There was no deferred revenue as of December 31, 2022 and $0.4 million as of December 31, 2021. For full-service fire-retardant contracts, the Company identifies the fire-retardant product and the services as separate units of account. Substantially all performance obligations are satisfied by the end of the annual financial reporting period and the allocation of transaction price to each performance obligation does not have an impact on the recognition and measurement of revenues for the annual reporting period. There were no contract assets, contract obligations, or material rights as of December 31, 2022 and 2021.
Deferred Financing Fees	Deferred Financing Fees Successor As of December 31, 2022 and 2021 , unamortized debt issue costs of $9.7 million and $10.9 million, respectively, for the Company's Senior Notes were carried as a contra liability and are amortized over the term of the related debt using the effective interest method. As of December 31, 2022 and 2021 , unamortized deferred financing costs of $1.7 million and $2.2 million, respectively, for the Company’s five-year revolving credit facility (the “Revolving Credit Facility”) were carried as a long-term asset and were amortized on a straight-line basis into interest expense over the term of the Revolving Credit Facility. Amortization of deferred financing fees was $1.2 million and $0.2 million for Senior Notes and $0.5 million and $0.1 million for the Revolving Credit Facility during the year ended December 31, 2022 and 2021 Successor Period, respectively, and is presented as a component of interest expense in the consolidated statements of operations and comprehensive income (loss). Predecessor In connection with the Business Combination, on the Closing Date, the unamortized original issue discount and debt issuance costs of $11.0 million on term loans and unamortized deferred financing costs of $0.8 million on revolving line of credit were written off to interest expense upon extinguishment of the related debt. Amortization of deferred financing fees for the 2021 Predecessor Period and 2020 Predecessor Period for the term loans and revolving line of credit was $14.6 million and $3.5 million, respectively, and is presented as a component of interest expense in the consolidated statements of operations and comprehensive income (loss).
Income Taxes	Income Taxes Income taxes are accounted for under the asset-and-liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities, as well as loss and tax credit carryforwards and their respective tax bases measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income in assessing the need for a valuation allowance. Deferred tax assets and deferred tax liabilities are presented as non-current in a classified balance sheet. The Company’s tax positions are subject to income tax audits by multiple tax jurisdictions throughout the world. The Company recognizes the tax benefit of an uncertain tax position only if it is more likely than not the position will be sustainable upon examination by the taxing authority, including resolution of any related appeals or litigation processes. This evaluation is based on all available evidence and assumes that the tax authorities have full knowledge of all relevant information concerning the tax position. The tax benefit recognized is measured as the largest amount of benefit which is more likely than not (greater than 50% likely) to be realized upon ultimate settlement with the taxing authority. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in income tax expense (benefit). The Company makes adjustments to these reserves in accordance with the income tax guidance when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different from the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made and could have a material impact on the Company’s financial condition and operating results.
Leases	Leases In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which requires lessees to recognize a right of use (“ROU”) asset and a lease liability on their balance sheet for all leases, including operating leases, with a term of greater than 12 months. The Company adopted this standard as of January 1, 2022 at December 31, 2022, which resulted in an increase of $18.7 million in ROU assets and $18.4 million in lease liabilities as of January 1, 2022, for certain commitments primarily related to manufacturing facilities, real estate, vehicles, and field equipment. Prior reporting periods are presented in accordance with historical accounting treatment under ASC Topic 840, Leases (“ASC 840”). The adoption of the standard did not have a material impact on the Company’s results of operations or cash flows. Refer to Note 6, "Leases," for additional disclosures.
Contingencies	Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. When a single amount cannot be reasonably estimated but the cost can be estimated within a range, the Company accrues the minimum amount. Legal costs incurred in connection with loss contingencies are expensed as incurred.
Foreign Currencies	Foreign Currencies The functional and reporting currencies for all Luxembourg entities are in U.S. dollars. The functional currency for the Company’s remaining non-U.S. subsidiaries is the local currency. The assets and liabilities of foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect as of the balance sheet date except for non-monetary assets and liabilities, which are measured at historical exchange rates and revenues and expenses are translated at the average exchange rates for each respective reporting period. Adjustments resulting from translating local currency financial statements into U.S. dollars are reflected in accumulated other comprehensive loss in shareholders’ equity. The Company does not recognize deferred taxes on translation adjustments from its investments in foreign subsidiaries that are essentially permanent in duration.
Share-Based Compensation	Share-Based Compensation Performance stock options - Successor The performance-based non-qualified stock options ("PBNQSO") granted to employees and non-employees are subject to performance conditions such that the number of awards that ultimately vest depends on the calculation of annual operational performance per diluted share (“AOP”) during the performance period compared to targets established at the award date. Because the terms of the PBNQSO provide discretion to make certain adjustments to the performance calculation, the service inception date of these awards precedes the grant date. Accordingly, the Company recognizes compensation expense beginning on the service inception date and remeasures the fair value of the awards until a grant date is established. The estimate of the awards’ fair values will be fixed in the period in which the grant date occurs, and cumulative compensation expense will be adjusted based on the fair values calculated using the Black-Scholes option-pricing model at the grant date. The fair value for PBNQSO for which a grant date has not been established is estimated on the last date of the reporting period using the Black-Scholes option-pricing model. The Company records forfeitures as they are incurred. The fair value of PBNQSO is expensed proportionately for each tranche over the applicable service period in which the performance conditions are deemed probable of achievement. The assumptions used in the Black-Scholes option-pricing model are as follows: • Exercise price. The Company's ordinary share’s fair market value on the date of grant. • Fair Market Value of Ordinary Shares. Subsequent to the Business Combination, the period end fair market value is the quoted market price of the Company's Ordinary Shares. • Expected term. The expected term of stock options represents the period that the stock options are expected to remain outstanding and is based on vesting terms, exercise term and contractual lives of the options. The expected term is based on the simplified method and is estimated as the average of the weighted average vesting term and the time to expiration as of the period end date. The simplified method was used due to the lack of historical exercise information. • Expected volatility. As the Company does not have sufficient historical stock price information to meet the expected life of the stock option grants, it uses a blended volatility, based on Company’s short trading history and on the trading history from the common stock of a set of comparable publicly listed companies. • Risk-free interest rate. The risk-free interest rate is based on the U.S. Treasury yield with a maturity equal to the expected term of the stock options in effect at the time of grant. • Dividend yield. The expected dividend is assumed to be zero as the Company has never paid dividends and has no current plan to pay any dividends on its Ordinary Shares. Restricted stock units - Successor Restricted stock units are valued using the market price of the Company's Ordinary Shares on the grant date. The grant date fair value of the restricted stock units is expensed on a straight-line basis over the applicable vesting period. Founder Advisory Fees - Successor An advisory agreement was entered into on December 12, 2019 by EverArc ("Founder Advisory Agreement") with EverArc Founders, LLC, a Delaware limited liability company ("EverArc Founder Entity"). Upon consummation of the Business Combination, the Company assumed the Founder Advisory Agreement. The EverArc Founder Entity, for the services provided to the Company, including strategic and capital allocation advice, will be entitled to receive both a fixed amount (the “ Fixed Annual Advisory Amount”) and a variable amount (the “ Variable Annual Advisory Amount ,” each an “ Advisory Amount ” and collectively, the “ Advisory Amounts ”) until the years ending December 31, 2027 and 2031, respectively . Under the Founder Advisory Agreement, at the election of the EverArc Founder Entity, at least 50% of the Advisory Amounts will be paid in Ordinary Shares and remainder in cash. The Advisory Amounts to be paid in Ordinary Shares is recorded within shareholders’ equity at grant date fair value and the Advisory Amounts to be paid in cash is recorded as liability in the accompanying consolidated balance sheets. For the Advisory Amounts classified as liability, the Company will remeasure the fair value at each reporting date. The Fixed Annual Advisory Amount will be equal to 2,357,061 Ordinary Shares ( 1.5% of 157,137,410 Ordinary Shares outstanding as of November 9, 2021) for each year through December 31, 2027 and valued using the period end volume weighted average closing share price for ten consecutive trading days of Ordinary Shares. The Variable Annual Advisory Amount for each year through December 31, 2031 is based on the appreciation of the market price of Ordinary Shares if such market price exceeds certain trading price minimums at the end of each reporting period and is valued using a Monte Carlo simulation model. Incentive Units - Predecessor
Fair Value Measurements	Fair Value Measurements The Company determines the fair value of financial and non-financial assets and liabilities using the fair value hierarchy, which establishes three levels of inputs that may be used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
Concentration of Credit Risk and Significant Customers	Concentration of Credit Risk and Significant Customers Financial instruments that potentially subject the Company to credit risk primarily consist of cash and cash equivalents, and accounts receivable. At December 31, 2022, the Company had $126.8 million of cash and cash equivalents. The Company’s cash and cash equivalents are maintained with various financial institutions and the deposits with these institutions may exceed the amount of insurance provided on such deposits. However, the Company regularly monitors the financial stability of its financial institutions and believes that the Company is not exposed to any significant default risk.
Earnings (Loss) Per Share of Ordinary Shares	Earnings (Loss) Per Share of Ordinary Shares The Company’s basic earnings per share ("EPS") is computed based on the weighted average number of Ordinary Shares outstanding for the period. Diluted EPS includes the effect of the Company’s outstanding performance-based stock options, Warrants and founders advisory fees for Ordinary Shares if the inclusion of these items is dilutive. T he treasury stock method is used in determining the number of Ordinary Shares assumed to be issued from the exercise of ordinary share equivalents.
Recently Issued and Adopted Accounting Standards	Recently Issued and Adopted Accounting Standards In February 2016, the FASB issued ASU No. 2016-02, Leases, which will require lessees to recognize a right of use asset and a lease liability on their balance sheet for all leases, including operating leases, with a term of greater than 12 months. In July 2018, the FASB issued ASU 2018-11, which adds a transition option permitting entities to apply the provisions of the new standard at its adoption date instead of the earliest comparative period presented in the consolidated financial statements. The Company adopted Topic 842 as of January 1, 2022 at December 31, 2022, using the optional transition method provided by ASU 2018-11. Refer to Note 6, "Leases," for additional disclosures. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and issued subsequent amendments to the initial guidance within ASU 2019-04, ASU 2019-05 and ASU 2019-11. The amendments require an entity to replace the incurred loss impairment methodology in current U.S. GAAP with a new model that uses a forward-looking expected loss method, which generally results in earlier recognition of allowances for losses. The Company adopted the standard as of January 1, 2022 at December 31, 2022. The adoption of the standard did not have a material impact on the Company’s consolidated financial statements with the most significant impact being the increase in allowance for doubtful accounts related to its trade accounts receivable. The adoption adjustment was recorded to retained earnings in the accompanying consolidated statements of shareholders’ equity. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740), which simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740. The amendments also improve consistent application of and simplify U.S. GAAP for other areas of ASC 740 by clarifying and amending existing guidance. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company adopted ASU 2019-12 on January 1, 2021 and the adoption of this standard did not have a material impact on its consolidated financial statements and disclosures. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and in January 2021 issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope. These ASUs provide temporary optional expedients and exceptions to existing guidance on contract modifications and hedge accounting to facilitate the market transition from existing reference rates, such as London Interbank Offered Rate (“LIBOR”) which is being phased out, to alternate reference rates, such as Secured Overnight Financing Rate (“SOFR”). These standards are elective and are effective upon issuance for all entities through December 31, 2022. To the extent that, prior to December 31, 2022, the Company enters into any transactions for which the optional practical expedients permissible under ASC 848 are applied, the adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements and disclosures. In December 2022, the FASB issued ASU No. 2022-06, which defers the sunset date of reference rate reform relief to December 31, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Property, Plant and Equipment Useful Lives	Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows: Years Buildings 30–40 years Furniture and fixtures 1–8 Years Machinery and equipment 1–26 Years Vehicles 1–8 Years Leasehold improvements Shorter of remaining lease term or estimated useful life Property, plant and equipment, net by geographical area consisted of the following (in thousands): December 31, 2022 December 31, 2021 United States $ 37,390 $ 37,159 Canada 2,594 3,512 Germany 14,802 17,199 Other foreign jurisdictions 4,060 4,377 Total property, plant and equipment, net $ 58,846 $ 62,247

BUSINESS ACQUISITIONS (Tables)

BUSINESS ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Reverse Recapitalization Cash Balance	The cash balance on the Closing Date consisted of the following (in thousands): Amount Capital contribution from EverArc $ 315,807 Proceeds from PIPE Subscribers 1,150,000 Senior Notes, net of issue costs 663,970 Total $ 2,129,777
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The total purchase price consideration and its final allocation for SK Intermediate was as follows (in thousands): At November 9, 2021 Purchase Consideration: Cash consideration $ 1,220,103 Management Subscribers rollover contribution 11,048 Redeemable Preferred Shares 100,000 Fair value of total consideration transferred $ 1,331,151 Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed: Property, plant and equipment $ 62,689 Inventory 100,246 Tradenames 101,000 Customer lists 761,000 Existing technology and patents 250,000 Working capital 27,379 Other assets (liabilities), net (832) LaderaTech contingent earn-out (1) (19,781) Long-term debt (696,971) Deferred tax liabilities (299,474) Total fair value of net assets acquired 285,256 Goodwill (2) 1,045,895 Total $ 1,331,151 (1) Refer to the LaderaTech Acquisition. (2) Of the total goodwill amount herein, $871.4 million has been allocated to Fire Safety segment and $174.5 million has been allocated to Specialty Products segment. May 7, 2020 Purchase Consideration: Cash $ 2,016 Contingent earn-out 19,816 Total purchase consideration $ 21,832 Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed: Cash $ 46 Net working capital (38) In-process research and development 20,200 Deferred tax liability (5,282) Total fair value of net assets acquired 14,926 Goodwill 6,906 Total $ 21,832
Schedule of Pro Forma Information	The following table summarizes LaderaTech acquisition revenue and earnings included in the accompanying consolidated statements of operations and comprehensive income (loss) from May 7, 2020 through December 31, 2020 (in thousands): May 7, 2020 - Net sales $ 609 Net loss (343) Year Ended December 31, 2020 Pro forma net sales $ 339,579 Pro forma net income (loss) 23,815

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Balance Sheet Components	Details of certain balance sheet items are presented below (in thousands): December 31, 2022 December 31, 2021 Inventory: Raw materials and manufacturing supplies $ 65,968 $ 34,008 Work in process 248 213 Finished goods 76,745 72,689 Total inventory $ 142,961 $ 106,910 Prepaid Expenses and Other Current Assets: Advance to vendors $ 2,047 $ 2,984 Prepaid insurance 5,870 8,441 Prepaid value-added taxes 2,872 1,202 Other 1,162 1,534 Total prepaid expenses and other current assets $ 11,951 $ 14,161 Property, Plant and Equipment: Buildings $ 3,948 $ 4,021 Leasehold improvements 2,333 2,301 Furniture and fixtures 344 558 Machinery and equipment 58,314 50,177 Vehicles 4,106 4,579 Construction in progress 1,953 1,983 Total property, plant and equipment, gross 70,998 63,619 Less: Accumulated depreciation (12,152) (1,372) Total property, plant and equipment, net $ 58,846 $ 62,247 Accrued Expenses and Other Current Liabilities: Accrued bonus $ 3,278 $ 7,728 Accrued salaries 2,332 900 Accrued employee benefits 846 591 Accrued interest 8,235 5,341 Accrued purchases 1,790 1,930 Accrued taxes 11,000 355 Operating lease liabilities 3,541 — Other 1,683 2,180 Total accrued expenses and other current liabilities $ 32,705 $ 19,025 Other Non-Current Liabilities: LaderaTech contingent earn-out $ 7,273 $ 19,979 Other 2,049 2,216 Total other non-current liabilities $ 9,322 $ 22,195

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill	The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands): Fire Safety Specialty Products Total Predecessor Balance, December 31, 2020 $ 362,767 $ 119,274 $ 482,041 Business acquired 5,385 — 5,385 Foreign currency translation 286 (605) (319) Balance, November 8, 2021 $ 368,438 $ 118,669 $ 487,107 Successor Balance, November 9, 2021 $ 871,425 $ 174,470 $ 1,045,895 Foreign currency translation (3,618) (952) (4,570) Balance, December 31, 2021 867,807 173,518 1,041,325 Purchase price adjustment under Business Combination Agreement 2,356 — 2,356 Foreign currency translation (9,844) (2,377) (12,221) Balance, December 31, 2022 $ 860,319 $ 171,141 $ 1,031,460
Schedule of Definite Lived Intangible Assets	Intangible assets and related accumulated amortization as of December 31, 2022 and 2021 are as follows (in thousands): December 31, 2022 Estimated Gross Value Foreign Accumulated Net Book Definite Lived Intangible Assets: Existing technology and patents 20 $ 250,000 $ (3,029) $ (14,153) $ 232,818 Customer lists 20 761,000 (7,451) (43,220) 710,329 Tradenames 20 101,000 (970) (5,737) 94,293 Balance, December 31, 2022 $ 1,112,000 $ (11,450) $ (63,110) $ 1,037,440 December 31, 2021 Estimated Gross Value Foreign Accumulated Net Book Definite Lived Intangible Assets: Existing technology and patents 20 $ 250,000 $ (836) $ (1,796) $ 247,368 Customer lists 20 761,000 (2,059) (5,482) 753,459 Tradenames 20 101,000 (268) (727) 100,005 Balance, December 31, 2021 $ 1,112,000 $ (3,163) $ (8,005) $ 1,100,832
Schedule of Indefinite-Lived Intangible Assets	Intangible assets and related accumulated amortization as of December 31, 2022 and 2021 are as follows (in thousands): December 31, 2022 Estimated Gross Value Foreign Accumulated Net Book Definite Lived Intangible Assets: Existing technology and patents 20 $ 250,000 $ (3,029) $ (14,153) $ 232,818 Customer lists 20 761,000 (7,451) (43,220) 710,329 Tradenames 20 101,000 (970) (5,737) 94,293 Balance, December 31, 2022 $ 1,112,000 $ (11,450) $ (63,110) $ 1,037,440 December 31, 2021 Estimated Gross Value Foreign Accumulated Net Book Definite Lived Intangible Assets: Existing technology and patents 20 $ 250,000 $ (836) $ (1,796) $ 247,368 Customer lists 20 761,000 (2,059) (5,482) 753,459 Tradenames 20 101,000 (268) (727) 100,005 Balance, December 31, 2021 $ 1,112,000 $ (3,163) $ (8,005) $ 1,100,832
Schedule of Intangible Asset Future Amortization Expense	Estimated annual amortization expense of intangible assets for the five years subsequent to December 31, 2022 and thereafter is as follows (in thousands): Years Ending December 31: Amount 2023 $ 55,600 2024 55,600 2025 55,600 2026 55,600 2027 55,600 Thereafter 759,440 Total $ 1,037,440

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Assets and Liabilities	The following table presents assets and liabilities for leases as of December 31, 2022 (in thousands): Amount Assets Operating lease right-of-use assets $ 18,582 Liabilities Operating lease liabilities: Current (included in accrued expenses and other current liabilities) $ 3,541 Non-current 15,484 Total lease liabilities $ 19,025
Schedule of Lease Cost	Lease cost for the year ended December 31, 2022 are as follows (in thousands): Amount Operating lease cost (1) $ 5,390 Reported in: Cost of goods sold $ 4,897 Selling, general and administrative expense 493 Total lease cost $ 5,390 (1) Operating lease cost does not include short-term leases or variable costs, all of which are immaterial. Supplemental cash flow information related to leases for the year ended December 31, 2022 are as follows (in thousands): Amount Cash paid for amounts included in the measurement of operating lease liabilities Operating cash flows for operating leases $ 5,072 ROU assets obtained in exchange for new operating lease obligations Non-cash investing and financing activity for operating leases $ 4,380
Schedule of Future Minimum Payment Obligations for Non-Cancelable Operating Leases	As of December 31, 2022, the estimated future minimum payment obligations for non-cancelable operating leases are as follows (in thousands): Years Ending December 31, Amount 2023 $ 4,519 2024 3,570 2025 3,418 2026 3,181 2027 2,301 Thereafter 6,724 Total lease payments 23,713 Less: imputed interest (4,688) Present value of operating lease liabilities $ 19,025 As of December 31, 2021, the estimated future minimum payment obligations for non-cancelable operating leases were as follows (in thousands): Years Ending December 31, Amount 2022 $ 4,026 2023 3,155 2024 2,387 2025 2,063 2026 1,954 Thereafter 3,102 Total $ 16,687

LONG-TERM DEBT AND REDEEMABLE_2

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of the following (in thousands): December 31, 2022 December 31, 2021 Senior Notes $ 675,000 $ 675,000 Less: unamortized debt issuance costs (9,720) (10,872) Long-term debt $ 665,280 $ 664,128
Schedule of Long-term Debt Maturities	Maturities of long-term debt as of December 31, 2022 are as follows (in thousands): Years Ending December 31, Amount 2023 $ — 2024 — 2025 — 2026 — 2027 — Thereafter 675,000 Total $ 675,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Company's Income Tax (Expense) Benefit	The Company’s income tax (expense) benefit consisted of the following components (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Current: Luxembourg $ — $ (1) $ (11) $ (118) U.S. Federal (13,561) 1,295 (15,123) (7,546) U.S. state and local (5,453) 519 (6,201) (4,091) Other foreign jurisdictions (3,455) 2,192 (4,045) (1,412) Total current (22,469) 4,005 (25,380) (13,167) Deferred: Luxembourg — — — (930) U.S. Federal 11,029 2,060 7,062 1,966 U.S. state and local 5,397 390 1,922 (213) Other foreign jurisdictions 574 (295) 2,260 1,861 Total deferred 17,000 2,155 11,244 2,684 Total income tax (expense) benefit $ (5,469) $ 6,160 $ (14,136) $ (10,483)
Schedule of Company's Income Before Income Taxes	The Company’s income (loss) before income taxes consists of the following components (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Luxembourg $ 81,308 $ (657,511) $ (15,309) $ (1,230) U.S. 9,063 (25,102) 49,186 35,703 Other foreign jurisdictions 6,856 (5,696) 888 259 Total income (loss) before taxes $ 97,227 $ (688,309) $ 34,765 $ 34,732
Schedule of Effective Income Tax Rate	The Company’s income tax expense differs from the amount computed by applying the Luxembourg statutory rate of 24.94% for the reasons set forth in the following table: Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Luxembourg statutory tax rate 24.94 % 24.94 % 24.94 % 24.94 % (Increase)/reduction in income tax rate: U.S. state and local income taxes, net (0.14) 0.14 7.61 6.25 Effect of rates different from statutory 0.36 (0.10) (5.84) (3.78) Nondeductible officer compensation 1.59 — — — Tax on unremitted earnings 3.73 — — — Section 250 deduction (0.71) (0.05) (2.20) (1.36) Transaction costs — (0.11) 0.02 — Nontaxable gain/loss on earn-out liability (2.71) — — — Founders advisory fees (30.09) (23.67) — — Tax rate changes (0.94) — 1.38 3.57 Changes in prior year estimates (1.95) — — (2.73) Change in valuation allowance 10.90 (0.07) 12.47 5.12 Other, net 0.64 (0.19) 2.28 (1.83) Effective tax rate 5.62 % 0.89 % 40.66 % 30.18 %
Schedule of Deferred Tax Assets and Liabilities	Significant portions of the Company’s deferred tax assets and deferred tax liabilities are as follows (in thousands): December 31, December 31, Deferred Tax Assets: Net operating loss carryforwards $ 16,394 $ 7,360 Inventory 610 — Interest 2,502 4,161 Accrued liabilities 2,925 2,315 Goodwill and other intangibles 5 35 Lease liability 5,051 — Other 3,450 1,821 Valuation allowance (16,142) (5,598) Total deferred tax assets 14,795 10,094 Deferred Tax Liabilities: Property, plant and equipment (9,857) (10,077) Goodwill and other intangibles (268,418) (284,297) Inventory — (6,621) Unremitted earnings (9,622) (6,000) Right-of-use asset (4,934) — Other (234) (247) Total deferred tax liabilities (293,065) (307,242) Net deferred tax liability $ (278,270) $ (297,148)
Schedule of Unrecognized Tax Benefits	The following table summarizes the activity related to the Company’s unrecognized tax benefits (in thousands): 2022 2021 Balance at beginning of year $ — $ — Increase in prior years’ tax positions 36,257 — Balance at end of year $ 36,257 $ —

SHARE-BASED COMPENSATION AND _2

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Performance-based Non-qualified Stock Options Activity	The table below summarizes the PBNQSO activity: Number of Options Weighted-Average Exercise/Conversion Price Weighted-Average Aggregate Outstanding at December 31, 2021 8,763,754 $ 10.04 Granted 2,579,167 $ 8.87 Exercised — $ — Forfeited (1,003,750) $ 10.09 Outstanding at December 31, 2022 10,339,171 $ 9.75 8.98 $ 1,560 Options vested and exercisable 1,948,754 $ 10.04 8.86 $ —
Schedule of Stock Option Valuation Assumptions	The weighted-average assumptions used to fair value the PBNQSO at period end using the Black-Scholes option-pricing model were as follows: December 31, September 30, June 30, March 31, December 31, 2022 2022 2022 2022 2021 Dividend yield — % — % — % — % — % Risk-free interest rate 3.98% 4.02 % 3.30 % 2.41 % 1.35 % Expected volatility 43.10% 39.50 % 38.30 % 37.00 % 37.50 % Expected life (years) 5.35 5.61 5.86 6.11 6.50 Weighted average exercise price of options granted $ 8.87 $ 8.87 $ 8.83 $ 12.09 $ 10.04 Weighted average fair value of options granted $ 4.20 $ 3.21 $ 5.25 $ 4.86 $ 6.94
Schedule of Award Valuation Assumptions	The key inputs into the Monte Carlo simulation model for the Variable Annual Advisory Amounts were as follows at December 31, 2022 and 2021 and at the initial measurement date: December 31, 2022 December 31, 2021 November 9, 2021 Dividend yield — % — % — % Risk-free interest rate 3.87 % 1.52 % 1.47 % Expected volatility 43.10 % 37.50 % 35.00 % Expected life (years) 9.00 10.00 10.15 10-day volume weighted average share price $ 8.86 $ 13.63 $ 12.00

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Liabilities Measured on a Recurring Basis	The following tables set forth the Company’s liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy for the periods ended December 31, 2022 and 2021 (in thousands): Fair Value Measurements Using: December 31, 2022 Level 1 Level 2 Level 3 Total Liabilities: Founders advisory fees payable - related party $ 56,883 $ — $ 118,490 $ 175,373 LaderaTech contingent earn-out included in other liabilities, non-current — — 7,273 7,273 Total liabilities $ 56,883 $ — $ 125,763 $ 182,646 December 31, 2021 Liabilities: Founders advisory fees payable - related party $ 114,276 $ — $ 251,513 $ 365,789 LaderaTech contingent earn-out included in other liabilities, non-current — — 19,979 19,979 Total liabilities $ 114,276 $ — $ 271,492 $ 385,768
Schedule Reconciliation of Level 3 Liabilities Measured on a Recurring Basis	A roll forward of Level 3 liabilities measured at fair value on a recurring basis is as follows (in thousands): Founders Advisory Fees Payable - Related Party LaderaTech Predecessor Balance, December 31, 2020 $ — $ 19,816 Settlements — (3,000) Loss on contingent earn-out — 2,965 Balance, November 8, 2021 $ — $ 19,781 Successor Balance, November 9, 2021 $ 188,204 $ 19,781 Founders advisory fees - related party, change in fair value 63,309 — Loss on contingent earn-out — 198 Balance, December 31, 2021 251,513 19,979 Settlements (40,776) — Reclassification from liability to equity (10,495) — Founders advisory fees - related party, change in fair value (81,752) — Gain on contingent earn-out — (12,706) Balance, December 31, 2022 $ 118,490 $ 7,273
Schedule of Estimated Fair Value of Intangible Assets Acquired	The following table presents the estimated fair value assigned to identifiable intangible assets acquired in the Business Combination (in thousands): Estimated Estimated Useful Life (in years) (1) Identifiable Intangible Assets: Tradenames $ 101,000 20 Customer lists 761,000 20 Existing technology and patents 250,000 20 Total estimated fair value of intangible assets acquired $ 1,112,000 (1) Amortization of identifiable intangible assets is performed on a straight-line basis over the applicable useful life.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Revenue	Revenues for the year ended December 31, 2022, 2021 Successor Period, 2021 Predecessor Period and 2020 Predecessor Period are as follows (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Revenues from products $ 330,672 $ 20,242 $ 310,679 $ 320,681 Revenues from services 26,630 692 27,220 17,137 Other revenues 3,203 89 3,416 1,759 Total net sales $ 360,505 $ 21,023 $ 341,315 $ 339,577

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Summary of Earnings Per Share, Basic and Diluted	Basic and diluted weighted average shares outstanding and earnings per share were as follows (in thousands, except share and per share data): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Net income (loss) $ 91,758 $ (682,149) $ 20,629 $ 24,249 Weighted-average shares outstanding: Weighted average shares used in computing earnings per share, basic 160,937,575 157,158,579 53,045,510 53,045,510 Founders advisory fees 14,142,366 — — — Weighted average shares used in computing earnings per share, diluted 175,079,941 157,158,579 53,045,510 53,045,510 Basic earnings per share $ 0.57 $ (4.34) $ 0.39 $ 0.46 Diluted earnings per share $ 0.52 $ (4.34) $ 0.39 $ 0.46

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	Information related to net sales, Adjusted EBITDA, depreciation and amortization capital expenditures and assets and of the Company’s operations are summarized below (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 Net sales: Fire safety $ 226,583 $ 7,913 $ 253,267 $ 244,968 Specialty products 133,922 13,110 88,048 94,609 Total $ 360,505 $ 21,023 $ 341,315 $ 339,577 Adjusted EBITDA: Fire safety $ 77,365 $ (3,696) $ 121,589 $ 112,034 Specialty products 48,026 1,838 21,703 23,977 Total segment Adjusted EBITDA 125,391 (1,858) 143,292 136,011 Less: Depreciation and amortization 65,795 9,379 52,000 58,117 Interest and financing expense 42,585 6,352 39,087 42,017 Founders advisory fees - related party (117,302) 652,990 — — Non-recurring expenses 6,885 5,580 4,845 2,379 Share-based compensation expense 14,649 4,821 156 — Non-cash purchase accounting impact 24,796 6,125 — — (Gain) loss on contingent earn-out (12,706) 198 2,965 — Management fees — — 1,073 1,281 Contingent future payments — — 4,375 3,125 Unrealized foreign currency loss (gain) 3,462 1,006 4,026 (5,640) Income (loss) before income taxes $ 97,227 $ (688,309) $ 34,765 $ 34,732 Depreciation and amortization: Fire safety $ 51,299 $ 7,418 $ 36,994 $ 41,271 Specialty products 14,496 1,961 15,006 16,846 Total $ 65,795 $ 9,379 $ 52,000 $ 58,117 December 31, 2022 December 31, 2021 Assets: Fire safety $ 1,958,633 $ 2,111,635 Specialty products 497,983 466,748 Total $ 2,456,616 $ 2,578,383
Schedule of Net Sales by Geographic Area	Net sales by geographical area is as follows (in thousands): Successor Predecessor Year Ended December 31, 2022 November 9, 2021 Through December 31, 2021 January 1, 2021 Through November 8, 2021 Year Ended December 31, 2020 United States 74 % 52 % 75 % 82 % International sales (1) 26 48 25 18 Total net sales 100 % 100 % 100 % 100 % (1) Except for Spain, which represented 11% of sales in the 2021 Successor Period due to the shortened reporting period, the Company had no other operations in any individual international country that represented more than 10% of sales in the year ended December 31, 2022, 2021
Schedule of Property, Plant and Equipment	Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows: Years Buildings 30–40 years Furniture and fixtures 1–8 Years Machinery and equipment 1–26 Years Vehicles 1–8 Years Leasehold improvements Shorter of remaining lease term or estimated useful life Property, plant and equipment, net by geographical area consisted of the following (in thousands): December 31, 2022 December 31, 2021 United States $ 37,390 $ 37,159 Canada 2,594 3,512 Germany 14,802 17,199 Other foreign jurisdictions 4,060 4,377 Total property, plant and equipment, net $ 58,846 $ 62,247

PARENT COMPANY INFORMATION (Tab

PARENT COMPANY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	CONDENSED BALANCE SHEETS (in thousands) December 31, 2022 December 31, 2021 Assets Current assets: Cash and cash equivalents $ 59,157 $ 216,413 Intercompany receivable 17,549 14,325 Prepaid expenses and other current assets 3,699 8,195 Total current assets 80,405 238,933 Other assets: Investment in subsidiaries 1,410,004 1,352,389 Intercompany note receivable — 20,000 Other assets, net 124 — Total assets $ 1,490,533 $ 1,611,322 Liabilities and Shareholders’ Equity Current Liabilities: Accounts payable $ 3,545 $ 455 Intercompany payable 64,555 60,566 Founders advisory fees payable - related party 4,655 53,547 Accrued expenses and other current liabilities 3,672 636 Total current liabilities 76,427 115,204 Founders advisory fees payable - related party 170,718 312,242 Redeemable preferred shares 101,279 96,867 Redeemable preferred shares - related party 3,209 3,699 Total liabilities 351,633 528,012 Shareholders’ equity: Total shareholders’ equity 1,138,900 1,083,310 Total liabilities and shareholders’ equity $ 1,490,533 $ 1,611,322
Condensed Income Statement	CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Year Ended December 31, 2022 November 9, 2021 through Operating expenses: Selling, general and administrative expense $ 18,471 $ 2,254 Founders advisory fees - related party (117,302) 652,990 Total operating (income) expense (98,831) 655,244 Operating income (loss) 98,831 (655,244) Other expenses 5,267 934 Income (loss) before undistributed earnings of subsidiaries 93,564 (656,178) Undistributed earnings of subsidiaries (1,806) (24,279) Net income (loss) 91,758 (680,457) Total comprehensive income (loss) $ 91,758 $ (680,457)
Condensed Statement of Comprehensive Income	CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Year Ended December 31, 2022 November 9, 2021 through Operating expenses: Selling, general and administrative expense $ 18,471 $ 2,254 Founders advisory fees - related party (117,302) 652,990 Total operating (income) expense (98,831) 655,244 Operating income (loss) 98,831 (655,244) Other expenses 5,267 934 Income (loss) before undistributed earnings of subsidiaries 93,564 (656,178) Undistributed earnings of subsidiaries (1,806) (24,279) Net income (loss) 91,758 (680,457) Total comprehensive income (loss) $ 91,758 $ (680,457)
Condensed Cash Flow Statement	CONDENSED STATEMENT OF CASH FLOWS (in thousands) Year Ended December 31, 2022 November 9, 2021 through Cash flows from operating activities: Net income (loss) $ 91,758 $ (680,457) Adjustments to reconcile net income (loss) to net cash used in operating activities Founders advisory fees - related party (change in accounting fair value) (117,302) — Equity in earnings of subsidiaries 1,806 24,279 Interest and payment-in-kind on preferred shares 5,229 944 Share-based compensation 285 1,182 Share-based compensation - Founders advisory fees - related party (equity settled) — 287,200 Changes in operating assets and liabilities, net of acquisitions: Intercompany receivable 766 (14,325) Prepaid expenses and current other assets 4,496 (8,195) Accounts payable 3,090 455 Accrued expenses and other current liabilities 1,729 889 Founders advisory fees - related party (cash settled) (53,547) 365,789 Net cash used in operating activities (61,690) (22,239) Cash flows from investing activities: Purchase of property and equipment (124) — Investment in subsidiaries (71,638) (1,209,155) Intercompany note receivable 20,000 (20,000) Net cash used in investing activities (51,762) (1,229,155) Cash flows from financing activities: Ordinary shares repurchased (44,333) — Proceeds from exercise of warrants 529 — Sale of Ordinary Shares issued to Director Subscribers — 2,000 Net cash (used in) provided by financing activities (43,804) 2,000 Net change in cash and cash equivalents (157,256) (1,249,394) Cash and cash equivalents, beginning of period 216,413 1,465,807 Cash and cash equivalents, end of period $ 59,157 $ 216,413 Non-cash investing and financing activities: Liability portion of founders advisory fees - related party reclassified to additional paid in capital $ 19,568 $ — Redeemable preferred shares issued as consideration for business combination $ — $ 100,000 Management Subscribers rollover contribution $ — $ 11,048

RESTATEMENT OF PREVIOUSLY ISS_2

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Summary of Error Correction Adjustments	CONDENSED CONSOLIDATED BALANCE SHEET (in thousands, except share and per share data) (Unaudited) September 30, 2022 As Reported Adjustment As Restated ASSETS Current assets: Cash and cash equivalents $ 166,256 $ — $ 166,256 Accounts receivable, net 85,612 — 85,612 Inventories 120,467 — 120,467 Income tax receivable 655 — 655 Prepaid expenses and other current assets 4,876 — 4,876 Total current assets 377,866 — 377,866 Property, plant and equipment, net 57,187 — 57,187 Goodwill 1,019,387 — 1,019,387 Customer lists, net 715,829 — 715,829 Technology and patents, net 233,861 — 233,861 Tradenames, net 95,047 — 95,047 Other assets, net 1,877 — 1,877 Total assets $ 2,501,054 $ — $ 2,501,054 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 31,856 $ — $ 31,856 Accrued expenses and other current liabilities 124,429 (65,401) 59,028 Founders advisory fees payable - related party 9,836 — 9,836 Deferred revenue 1,272 — 1,272 Total current liabilities 167,393 (65,401) 101,992 Long-term debt 664,986 — 664,986 Deferred income taxes 222,952 50,467 273,419 Founders advisory fees payable - related party 134,598 — 134,598 Redeemable preferred shares 100,263 — 100,263 Redeemable preferred shares - related party 3,245 — 3,245 Other non-current liabilities 8,951 — 8,951 Total liabilities 1,302,388 (14,934) 1,287,454 Commitments and contingencies Shareholders’ equity: Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 shares issued; 162,316,326 shares outstanding 163,235 — 163,235 Treasury shares, at cost; 918,216 shares (7,572) — (7,572) Additional paid-in capital 1,697,644 (11,746) 1,685,898 Accumulated other comprehensive loss (41,561) — (41,561) Accumulated deficit (613,080) 26,680 (586,400) Total shareholders’ equity 1,198,666 14,934 1,213,600 Total liabilities and shareholders’ equity $ 2,501,054 $ — $ 2,501,054 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands, except share and per share data) (Unaudited) Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Reported Adjustment As Restated As Reported Adjustment As Restated Net sales $ 160,509 $ — $ 160,509 $ 319,232 $ — $ 319,232 Cost of goods sold 74,707 (946) 73,761 191,757 (4,603) 187,154 Gross profit 85,802 946 86,748 127,475 4,603 132,078 Operating expenses: Selling, general and administrative expense 22,381 (6,731) 15,650 64,803 (10,320) 54,483 Amortization expense 13,738 — 13,738 41,395 — 41,395 Founders advisory fees - related party (73,713) — (73,713) (154,026) — (154,026) Other operating expense (51) — (51) 405 — 405 Total operating expenses (37,645) (6,731) (44,376) (47,423) (10,320) (57,743) Operating income 123,447 7,677 131,124 174,898 14,923 189,821 Other expense (income): Interest expense, net 9,944 — 9,944 32,582 — 32,582 Gain on contingent earn-out (3,644) — (3,644) (13,042) — (13,042) Unrealized foreign currency loss 4,705 — 4,705 8,741 — 8,741 Other income, net (785) — (785) (820) — (820) Total other expense, net 10,220 — 10,220 27,461 — 27,461 Income before income taxes 113,227 7,677 120,904 147,437 14,923 162,360 Income tax (expense) benefit (34,516) 19,839 (14,677) (23,692) 13,449 (10,243) Net income 78,711 27,516 106,227 123,745 28,372 152,117 Other comprehensive loss, net of tax: Foreign currency translation adjustments (18,181) — (18,181) (34,426) — (34,426) Total comprehensive income $ 60,530 $ 27,516 $ 88,046 $ 89,319 $ 28,372 $ 117,691 Earnings per share: Basic $ 0.48 $ 0.17 $ 0.65 $ 0.76 $ 0.18 $ 0.94 Diluted $ 0.45 $ 0.15 $ 0.60 $ 0.70 $ 0.16 $ 0.86 Weighted average number of ordinary shares outstanding: Basic 162,635,592 — 162,635,592 161,943,492 — 161,943,492 Diluted 176,777,958 — 176,777,958 176,085,858 — 176,085,858 CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (in thousands, except share data) (Unaudited) Ordinary Shares Treasury Shares Additional Accumulated Accumulated Total Shares Amount Shares Amount As Reported Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,690,812 $ (23,380) $ (691,791) $ 1,133,868 Share-based compensation — — — — 6,832 — — 6,832 Ordinary shares repurchased — — 320,703 (2,564) — — — (2,564) Net income — — — — — — 78,711 78,711 Other comprehensive loss — — — — — (18,181) — (18,181) Balance, September 30, 2022 163,234,542 $ 163,235 918,216 $ (7,572) $ 1,697,644 $ (41,561) $ (613,080) $ 1,198,666 Adjustments Balance, June 30, 2022 — $ — — $ — $ (4,069) $ — $ (836) $ (4,905) Share-based compensation — — — — (7,677) — — (7,677) Net income — — — — — — 27,516 27,516 Total Adjustments — $ — — $ — $ (11,746) $ — $ 26,680 $ 14,934 As Restated Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,686,743 $ (23,380) $ (692,627) $ 1,128,963 Share-based compensation — — — — (845) — — (845) Ordinary shares repurchased — — 320,703 (2,564) — — — (2,564) Net income — — — — — — 106,227 106,227 Other comprehensive loss — — — — — (18,181) — (18,181) Balance, September 30, 2022 163,234,542 $ 163,235 918,216 $ (7,572) $ 1,685,898 $ (41,561) $ (586,400) $ 1,213,600 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (in thousands) (Unaudited) Nine Months Ended September 30, 2022 As Reported Adjustment As Restated Cash flows from operating activities: Net income $ 123,745 $ 28,372 $ 152,117 Adjustments to reconcile net income to net cash used in operating activities: Founders advisory fees - related party (change in accounting fair value) (154,026) — (154,026) Depreciation and amortization expense 49,536 — 49,536 Interest and payment-in-kind on preferred shares 4,903 — 4,903 Share-based compensation 19,297 (11,746) 7,551 Deferred income taxes (72,441) 51,953 (20,488) Amortization of deferred financing costs 1,196 — 1,196 Amortization of acquisition related inventory step-up 27,973 (3,177) 24,796 Gain on contingent earn-out (13,042) — (13,042) Unrealized loss on foreign currency 8,741 — 8,741 Loss on disposal of assets 9 — 9 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable (63,838) — (63,838) Inventories (40,759) — (40,759) Prepaid expenses and other current assets 9,058 — 9,058 Accounts payable 4,975 — 4,975 Deferred revenue 889 — 889 Income taxes payable, net 88,673 (65,402) 23,271 Accrued expenses and other current liabilities 15,547 — 15,547 Founders advisory fees - related party (cash settled) (53,547) — (53,547) Other liabilities (73) — (73) Net cash used in operating activities (43,184) — (43,184) Cash flows from investing activities: Purchase of property and equipment (6,024) — (6,024) Purchase price adjustment under Business Combination Agreement (1,638) — (1,638) Net cash used in investing activities (7,662) — (7,662) Cash flows from financing activities: Ordinary shares repurchased (7,572) — (7,572) Proceeds from exercise of warrants 529 529 Net cash used in financing activities (7,043) — (7,043) Effect of foreign currency on cash and cash equivalents (1,409) — (1,409) Net change in cash and cash equivalents (59,298) — (59,298) Cash and cash equivalents, beginning of period 225,554 — 225,554 Cash and cash equivalents, end of period $ 166,256 $ — $ 166,256 Supplemental disclosures of cash flow information: Cash paid for interest $ 18,299 $ — $ 18,299 Cash paid for income taxes $ 7,588 $ — $ 7,588 Non-cash investing and financing activities: Liability portion of founders advisory fees - related party reclassified to additional paid in capital $ 13,783 $ — $ 13,783 CONDENSED CONSOLIDATED BALANCE SHEET (in thousands, except share and per share data) (Unaudited) June 30, 2022 As Reported Adjustment As Restated ASSETS Current assets: Cash and cash equivalents $ 125,502 $ — $ 125,502 Accounts receivable, net 68,458 — 68,458 Inventories 123,065 — 123,065 Income tax receivable 25,608 (14,167) 11,441 Prepaid expenses and other current assets 6,763 — 6,763 Total current assets 349,396 (14,167) 335,229 Property, plant and equipment, net 59,155 — 59,155 Goodwill 1,031,219 — 1,031,219 Customer lists, net 730,339 — 730,339 Technology and patents, net 239,043 — 239,043 Tradenames, net 96,960 — 96,960 Other assets, net 1,992 — 1,992 Total assets $ 2,508,104 $ (14,167) $ 2,493,937 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 42,967 $ — $ 42,967 Accrued expenses and other current liabilities 22,876 — 22,876 Founders advisory fees payable - related party 27,116 — 27,116 Deferred revenue 5,387 — 5,387 Total current liabilities 98,346 — 98,346 Long-term debt 664,696 — 664,696 Deferred income taxes 304,993 (9,262) 295,731 Founders advisory fees payable - related party 191,031 — 191,031 Redeemable preferred shares 99,312 — 99,312 Redeemable preferred shares - related party 3,215 — 3,215 Other non-current liabilities 12,643 — 12,643 Total liabilities 1,374,236 (9,262) 1,364,974 Commitments and contingencies Shareholders’ equity: Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 shares issued; 162,637,029 shares outstanding 163,235 — 163,235 Treasury shares, at cost; 597,513 shares (5,008) — (5,008) Additional paid-in capital 1,690,812 (4,069) 1,686,743 Accumulated other comprehensive loss (23,380) — (23,380) Accumulated deficit (691,791) (836) (692,627) Total shareholders’ equity 1,133,868 (4,905) 1,128,963 Total liabilities and shareholders’ equity $ 2,508,104 $ (14,167) $ 2,493,937 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands, except share and per share data) (Unaudited) Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 As Reported Adjustment As Restated As Reported Adjustment As Restated Net sales $ 100,965 $ — $ 100,965 $ 158,723 $ — $ 158,723 Cost of goods sold 72,423 (373) 72,050 117,050 (3,657) 113,393 Gross profit 28,542 373 28,915 41,673 3,657 45,330 Operating expenses: Selling, general and administrative expense 22,614 (2,935) 19,679 42,422 (3,589) 38,833 Amortization expense 13,802 — 13,802 27,657 — 27,657 Founders advisory fees - related party (20,465) — (20,465) (80,313) — (80,313) Other operating expense 260 — 260 456 — 456 Total operating expenses 16,211 (2,935) 13,276 (9,778) (3,589) (13,367) Operating income 12,331 3,308 15,639 51,451 7,246 58,697 Other expense (income): Interest expense, net 12,142 — 12,142 22,638 — 22,638 Gain on contingent earn-out (9,398) — (9,398) (9,398) — (9,398) Unrealized foreign currency loss 3,156 — 3,156 4,036 — 4,036 Other income, net (200) — (200) (35) — (35) Total other expense, net 5,700 — 5,700 17,241 — 17,241 Income before income taxes 6,631 3,308 9,939 34,210 7,246 41,456 Income tax benefit (expense) 592 (1,604) (1,012) 10,824 (6,390) 4,434 Net income 7,223 1,704 8,927 45,034 856 45,890 Other comprehensive loss, net of tax: Foreign currency translation adjustments (16,371) — (16,371) (16,245) — (16,245) Total comprehensive (loss) income $ (9,148) $ 1,704 $ (7,444) $ 28,789 $ 856 $ 29,645 Earnings per share: Basic $ 0.04 $ 0.01 $ 0.05 $ 0.28 $ — $ 0.28 Diluted $ 0.04 $ 0.01 $ 0.05 $ 0.26 $ — $ 0.26 Weighted average number of ordinary shares outstanding: Basic 162,917,478 — 162,917,478 161,591,704 — 161,591,704 Diluted 177,059,844 — 177,059,844 175,734,070 — 175,734,070 CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (in thousands, except share data) (Unaudited) Ordinary Shares Treasury Shares Additional Accumulated Accumulated Total Shares Amount Shares Amount As Reported Balance, March 31, 2022 163,234,542 $ 163,235 — $ — $ 1,684,071 $ (7,009) $ (699,014) $ 1,141,283 Share-based compensation — — — — 6,741 — — 6,741 Ordinary shares repurchased — — 597,513 (5,008) — — — (5,008) Net income — — — — — — 7,223 7,223 Other comprehensive loss — — — — — (16,371) — (16,371) Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,690,812 $ (23,380) $ (691,791) $ 1,133,868 Adjustments Balance, March 31, 2022 — $ — — $ — $ (761) $ — $ (2,540) $ (3,301) Share-based compensation — — — — (3,308) — — (3,308) Net income — — — — — — 1,704 1,704 Total Adjustments — $ — — $ — $ (4,069) $ — $ (836) $ (4,905) As Restated Balance, March 31, 2022 163,234,542 $ 163,235 — $ — $ 1,683,310 $ (7,009) $ (701,554) $ 1,137,982 Share-based compensation — — — — 3,433 — — 3,433 Ordinary shares repurchased — — 597,513 (5,008) — — — (5,008) Net income — — — — — — 8,927 8,927 Other comprehensive loss — — — — — (16,371) — (16,371) Balance, June 30, 2022 163,234,542 $ 163,235 597,513 $ (5,008) $ 1,686,743 $ (23,380) $ (692,627) $ 1,128,963 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (in thousands) (Unaudited) Six Months Ended June 30, 2022 As Reported Adjustment As Restated Cash flows from operating activities: Net income $ 45,034 $ 856 $ 45,890 Adjustments to reconcile net income to net cash used in operating activities: Founders advisory fees - related party (change in accounting fair value) (80,313) — (80,313) Depreciation and amortization expense 33,086 — 33,086 Interest and payment-in-kind on preferred shares 3,268 — 3,268 Share-based compensation 12,465 (4,069) 8,396 Deferred income taxes 7,648 (7,777) (129) Amortization of deferred financing costs 793 — 793 Amortization of acquisition related inventory step-up 27,315 (3,177) 24,138 Gain on contingent earn-out (9,398) — (9,398) Unrealized loss on foreign currency 4,036 — 4,036 Loss on disposal of assets 9 — 9 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable (44,477) — (44,477) Inventories (41,431) — (41,431) Income tax receivable (24,778) 14,167 (10,611) Prepaid expenses and other current assets 7,301 — 7,301 Accounts payable 15,834 — 15,834 Deferred revenue 4,991 — 4,991 Accrued expenses and other current liabilities 2,789 — 2,789 Founders advisory fees - related party (cash settled) (53,547) — (53,547) Other liabilities 24 — 24 Net cash used in operating activities (89,351) — (89,351) Cash flows from investing activities: Purchase of property and equipment (4,006) — (4,006) Purchase price adjustment under Business Combination Agreement (1,638) — (1,638) Net cash used in investing activities (5,644) — (5,644) Cash flows from financing activities: Ordinary shares repurchased (5,008) — (5,008) Proceeds from exercise of warrants 529 529 Net cash used in financing activities (4,479) — (4,479) Effect of foreign currency on cash and cash equivalents (578) — (578) Net change in cash and cash equivalents (100,052) — (100,052) Cash and cash equivalents, beginning of period 225,554 — 225,554 Cash and cash equivalents, end of period $ 125,502 $ — $ 125,502 Supplemental disclosures of cash flow information: Cash paid for interest $ 17,919 $ — $ 17,919 Cash paid for income taxes $ 6,572 $ — $ 6,572 Non-cash investing and financing activities: Liability portion of founders advisory fees - related party reclassified to additional paid in capital $ 13,783 $ — $ 13,783 The impact of the revision on the Company’s unaudited financial statements for the March 2022 Quarter are presented below (in thousands): MARCH 2022 QUARTER March 31, 2022 Condensed Consolidated Balance Sheet As Reported Adjustment As Revised Income tax receivable $ 17,935 $ (10,182) $ 7,753 Total current assets 332,225 (10,182) 322,043 Total assets 2,523,596 (10,182) 2,513,414 Deferred income taxes 304,974 (6,881) 298,093 Total liabilities 1,382,313 (6,881) 1,375,432 Additional paid-in capital 1,684,071 (761) 1,683,310 Accumulated deficit (699,014) (2,540) (701,554) Total shareholders’ equity 1,141,283 (3,301) 1,137,982 Total liabilities and shareholders’ equity 2,523,596 (10,182) 2,513,414 Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) Three Months Ended March 31, 2022 As Reported Adjustment As Revised Cost of goods sold $ 44,627 $ (3,284) $ 41,343 Gross profit 13,131 3,284 16,415 Selling, general and administrative expense 19,808 (654) 19,154 Total operating expenses (25,989) (654) (26,643) Operating income 39,120 3,938 43,058 Income before income taxes 27,579 3,938 31,517 Income tax benefit (expense) 10,232 (4,786) 5,446 Net income (loss) 37,811 (848) 36,963 Total comprehensive income (loss) 37,937 (848) 37,089 Earnings per share: Basic $ 0.24 $ (0.01) $ 0.23 Diluted $ 0.22 $ (0.01) $ 0.21 Three Months Ended March 31, 2022 Condensed Consolidated Statement of Shareholders’ Equity Additional Accumulated Deficit Total Shareholders’ Equity Balance, December 31, 2021, as reported $ 1,670,033 $ (736,825) $ 1,083,310 Adjustments — (1,692) (1,692) Balance, December 31, 2021, as revised 1,670,033 (738,517) 1,081,618 Share-based compensation, as reported $ 5,724 $ — $ 5,724 Adjustments (761) — (761) Share-based compensation, as revised 4,963 — 4,963 Net income, as reported $ — $ 37,811 $ 37,811 Adjustments — (848) (848) Net income, as revised — 36,963 36,963 Balance, March 31, 2022, as reported $ 1,684,071 $ (699,014) $ 1,141,283 Adjustments (761) (2,540) (3,301) Balance, March 31, 2022, as revised 1,683,310 (701,554) 1,137,982 Condensed Consolidated Statement of Cash Flows Three Months Ended March 31, 2022 As Reported Adjustment As Revised Cash flow from operating activities: Net income (loss) $ 37,811 $ (848) $ 36,963 Adjustments to reconcile net income to net cash used in operating activities: Share-based compensation $ 5,724 $ (761) $ 4,963 Deferred income taxes 6,239 (5,396) 843 Amortization of acquisition related inventory step-up 9,299 (3,177) 6,122 Changes in operating assets and liabilities, net of acquisitions: Income tax receivable $ (16,150) $ 10,182 $ (5,968) The impact of the revision on the Company’s audited financial statements for the December 2021 Period are presented below (in thousands): DECEMBER 2021 PERIOD December 31, 2021 Consolidated Balance Sheet As Reported Adjustment As Revised Inventories $ 110,087 $ (3,177) $ 106,910 Total current assets 374,937 (3,177) 371,760 Total assets 2,581,560 (3,177) 2,578,383 Deferred income taxes 298,633 (1,485) 297,148 Total liabilities 1,498,250 (1,485) 1,496,765 Accumulated deficit (736,825) (1,692) (738,517) Total shareholders’ equity 1,083,310 (1,692) 1,081,618 Total liabilities and shareholders’ equity 2,581,560 (3,177) 2,578,383 Consolidated Statement of Operations and Comprehensive Income (Loss) November 9, 2021 Through December 31, 2021 As Reported Adjustment As Revised Cost of goods sold $ 20,533 $ 3,177 $ 23,710 Gross profit 490 (3,177) (2,687) Operating loss (677,578) (3,177) (680,755) Loss before income taxes (685,132) (3,177) (688,309) Income tax benefit 4,675 1,485 6,160 Net loss (680,457) (1,692) (682,149) Total comprehensive loss (687,592) (1,692) (689,284) Net loss per share: Basic and diluted $ (4.33) $ (0.01) $ (4.34) November 9, 2021 Consolidated Statement of Shareholders’ Equity Accumulated Deficit Total Shareholders’ Equity Net loss, as reported $ (680,457) $ (680,457) Adjustments (1,692) (1,692) Net loss, as revised $ (682,149) $ (682,149) Balance, December 31, 2021, as reported $ (736,825) $ 1,083,310 Adjustments (1,692) (1,692) Balance, December 31, 2021, as revised $ (738,517) $ 1,081,618 Consolidated Statement of Cash Flows November 9, 2021 Through December 31, 2021 As Reported Adjustment As Revised Cash flow from operating activities: Net loss $ (680,457) $ (1,692) $ (682,149) Adjustments to reconcile net loss to net cash provided by operating activities: Deferred income taxes (670) (1,485) (2,155) Amortization of acquisition related inventory step-up 2,948 3,177 6,125

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Business Combination (Details) - USD ($)	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Oct. 06, 2021	Oct. 05, 2021
Subsidiary, Sale of Stock [Line Items]
Shares outstanding (in shares)		155,832,600
Warrants outstanding (in shares)		34,020,000	33,843,440
Number of securities called by each warrant (in shares)		0.25
Warrant exercise price (in usd per share)		$ 12
Sale of stock, number of shares issued (in shares)		115,000,000
Sale of stock, price per share (in usd per share)		$ 10
Dividend percentage	6.50%
Common stock, par value (in usd per share)	$ 1		$ 1	$ 1	$ 1	$ 1
Management Subscribers
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued (in shares)	1,104,810
Sale of stock, price per share (in usd per share)	$ 10
Director Subscribers
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued (in shares)	200,000
Sale of stock, price per share (in usd per share)	$ 10
SK Holdings
Subsidiary, Sale of Stock [Line Items]
Consideration received on sale of stock	$ 1,900,000,000
Mandatorily Redeemable Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Mandatory redeemable shares amount	$ 100,000,000
SK Holdings Ordinary Shares Exchange
Subsidiary, Sale of Stock [Line Items]
Shares converted (in shares)	10,000,000
Conversion of stock, price per share (in usd per share)	$ 10
Senior Notes Due 2029 | Senior Notes
Subsidiary, Sale of Stock [Line Items]
Debt face amount	$ 675,000,000						$ 675,000,000	$ 600,000,000
Debt interest rate	5%							5%

DESCRIPTION OF BUSINESS AND B_3

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Business Operations (Details) - segment	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Number of reportable segments			2
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | United States
Subsidiary, Sale of Stock [Line Items]
Concentration risk, percentage	52%	75%	74%	82%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Europe
Subsidiary, Sale of Stock [Line Items]
Concentration risk, percentage			15%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Canada
Subsidiary, Sale of Stock [Line Items]
Concentration risk, percentage			5%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Mexico
Subsidiary, Sale of Stock [Line Items]
Concentration risk, percentage			2%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Various Other Countries
Subsidiary, Sale of Stock [Line Items]
Concentration risk, percentage			4%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Accounts Receivable and Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 0.9	$ 1

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Property, Plant and Equipment, Net (Details)	12 Months Ended
	Dec. 31, 2022
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	30 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	40 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	1 year
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	8 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	1 year
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	26 years
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	1 year
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life	8 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Goodwill (Details) - USD ($)	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Accounting Policies [Abstract]
Impairment of goodwill	$ 0	$ 0	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Impairment of Long Lived Assets (Details) - USD ($)	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Accounting Policies [Abstract]
Impairment of long lived assets	$ 0	$ 0	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Revenue Recognition (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) performance_obligation	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disaggregation of Revenue [Line Items]
Number of performance obligations | performance_obligation	3
Deferred revenue | $	$ 0	$ 1,272,000	$ 5,387,000	$ 445,000
Minimum
Disaggregation of Revenue [Line Items]
Amortization period	1 year
Contract term	1 year

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Deferred Financing Fees (Details) - USD ($) $ in Thousands		2 Months Ended	6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Nov. 09, 2021	Dec. 31, 2021	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020	Oct. 05, 2021
Debt Instrument [Line Items]
Amortization of debt costs		$ 224	$ 793	$ 1,196	$ 14,592	$ 1,602	$ 3,471
Senior Notes Due 2029 | Senior Notes
Debt Instrument [Line Items]
Debt issuance costs, gross		10,900				9,700		$ 11,000
Amortization of debt costs		200				1,200
Term Loans And Revolving Credit Facility
Debt Instrument [Line Items]
Amortization of debt costs					$ 14,600		3,500
The Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Debt issuance costs, gross	$ 2,300
Debt term	5 years
The Revolving Credit Facility | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Debt issuance costs, gross		2,200				$ 1,700
Debt term						5 years
Amortization of debt costs		$ 100				$ 500
Write off of debt issuance costs							800
Term Loan | Senior Notes
Debt Instrument [Line Items]
Write off of debt issuance costs							$ 11,000

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 18,582		$ 0
Present value of operating lease liabilities	$ 19,025
Accounting Standards Update 2016-02
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets		$ 18,700
Present value of operating lease liabilities		$ 18,400

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Foreign Currencies (Details) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Accounting Policies [Abstract]
Realized and unrealized foreign currency gains (losses)	$ (1)	$ (4.1)	$ (4)	$ 5.8

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Share Based Compensation (Details) - shares		12 Months Ended
	Nov. 09, 2021	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, outstanding (in shares)		156,797,806	157,237,435	162,316,326	162,637,029
Founder Advisory Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate	0%	0%	0%
Founder Advisory Agreement | Affiliated Entity | EverArc Founder Entity
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fixed annual advisory shares (in shares)	2,357,061	2,357,061	2,357,061
Yearly issue percentage	1.50%
Common stock, outstanding (in shares)	157,137,410
Founder Advisory Agreement | Affiliated Entity | Founder Advisory Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum amount to be paid in shares	50%
Yearly issue percentage	1.50%
Common stock, outstanding (in shares)	157,137,410
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend rate		0%

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS - Concentration of Credit Risk and Significant Customers (Details) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022
Concentration Risk [Line Items]
Cash and cash equivalents	$ 225,554		$ 126,750	$ 225,554	$ 166,256	$ 125,502
Customer Concentration Risk | Revenue from Contract with Customer Benchmark | Three Customers
Concentration Risk [Line Items]
Concentration risk, percentage	25%	53%	48%
Customer Concentration Risk | Accounts Receivable | Three Customers
Concentration Risk [Line Items]
Concentration risk, percentage			44%	39%
Customer Concentration Risk | Accounts Receivable | Fire Safety, Customer A
Concentration Risk [Line Items]
Concentration risk, percentage			18%	23%
Customer Concentration Risk | Accounts Receivable | Fire Safety, Customer B
Concentration Risk [Line Items]
Concentration risk, percentage				10%
Customer Concentration Risk | Accounts Receivable | Specialty Products, Customer A
Concentration Risk [Line Items]
Concentration risk, percentage			16%	6%
Customer Concentration Risk | Accounts Receivable | Specialty Products, Customer B
Concentration Risk [Line Items]
Concentration risk, percentage			10%

BUSINESS ACQUISITIONS - Perimet

BUSINESS ACQUISITIONS - Perimeter Solutions (Details) - USD ($)			2 Months Ended	6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2021	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020	Oct. 06, 2021	Oct. 05, 2021
Business Acquisition [Line Items]
Sale of stock, number of shares issued (in shares)		115,000,000
Sale of stock, price per share (in usd per share)		$ 10				$ 10
Warrants outstanding (in shares)		34,020,000				34,020,000	33,843,440
Number of securities called by each warrant (in shares)		0.25				0.25
Warrant exercise price (in usd per share)		$ 12				$ 12
Common stock, par value (in usd per share)	$ 1		$ 1	$ 1	$ 1		$ 1
Purchase price adjustment under Business Combination Agreement			$ 0	$ 1,638,000	$ 1,638,000	$ 0	$ 1,638,000	$ 0
Management Subscribers
Business Acquisition [Line Items]
Sale of stock, number of shares issued (in shares)	1,104,810
Sale of stock, price per share (in usd per share)	$ 10
Director Subscribers
Business Acquisition [Line Items]
Sale of stock, number of shares issued (in shares)	200,000
Sale of stock, price per share (in usd per share)	$ 10
SK Intermediate
Business Acquisition [Line Items]
Escrow deposit	$ 7,600,000
Working capital adjustment							2,400,000
Purchase price adjustment under Business Combination Agreement							1,600,000
Uncollectable accounts written off							800,000
Transaction costs	59,500,000
Debt issuance costs, gross	13,300,000
SK Intermediate | Escrow Deposit
Business Acquisition [Line Items]
Escrow deposit release							7,600,000
SK Intermediate | Accumulated Deficit
Business Acquisition [Line Items]
Transaction costs	56,400,000
SK Intermediate | Other Operating Expense
Business Acquisition [Line Items]
Transaction costs	3,100,000
SK Holdings
Business Acquisition [Line Items]
Consideration received on sale of stock	1,900,000,000
Mandatorily Redeemable Preferred Stock
Business Acquisition [Line Items]
Mandatory redeemable shares amount	$ 100,000,000
EverArc Ordinary Shares Converted To PSSA Ordinary Shares
Business Acquisition [Line Items]
Shares converted (in shares)		40,832,600
SK Holdings Ordinary Shares Exchange
Business Acquisition [Line Items]
Shares converted (in shares)	10,000,000
Conversion of stock, price per share (in usd per share)	$ 10
Senior Notes Due 2029 | Senior Notes
Business Acquisition [Line Items]
Debt face amount	$ 675,000,000								$ 675,000,000	$ 600,000,000
Debt issuance costs, gross			$ 10,900,000				$ 9,700,000			$ 11,000,000

BUSINESS ACQUISITIONS - Perim_2

BUSINESS ACQUISITIONS - Perimeter Solutions Cash Summary (Details) $ in Thousands	Nov. 09, 2021 USD ($)
Business Combination and Asset Acquisition [Abstract]
Capital contribution from EverArc	$ 315,807
Proceeds from PIPE Subscribers	1,150,000
Senior Notes, net of issue costs	663,970
Total	$ 2,129,777

BUSINESS ACQUISITIONS - Summary

BUSINESS ACQUISITIONS - Summary of Purchase Price Consideration (Details) - USD ($) $ in Thousands	Nov. 09, 2021	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2020
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill	$ 1,045,895	$ 1,031,460	$ 1,019,387	$ 1,031,219	$ 1,041,325	$ 487,107	$ 482,041
Fire Safety
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill	871,425	$ 860,319			$ 867,807	$ 368,438	$ 362,767
SK Intermediate
Business Acquisition [Line Items]
Cash consideration	1,220,103
Management Subscribers rollover contribution	11,048
Redeemable Preferred Shares	100,000
Total purchase consideration	1,331,151
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Property, plant and equipment	62,689
Inventory	100,246
Working capital	27,379
Other assets (liabilities), net	(832)
LaderaTech contingent earn-out	(19,781)
Long-term debt	(696,971)
Deferred tax liability	(299,474)
Total fair value of net assets acquired	285,256
Goodwill	1,045,895
Total	1,331,151
SK Intermediate | Fire Safety
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill	871,400
SK Intermediate | Specialty Products
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill	174,500
SK Intermediate | Tradenames
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Intangible assets	101,000
SK Intermediate | Customer lists
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Intangible assets	761,000
SK Intermediate | Technology and patents, net
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Intangible assets	$ 250,000

BUSINESS ACQUISITIONS - Predece

BUSINESS ACQUISITIONS - Predecessor's Acquisitions (Details) - USD ($) $ in Thousands	Jul. 01, 2021	Apr. 01, 2021	Mar. 02, 2021	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill				$ 1,031,460	$ 1,019,387	$ 1,031,219	$ 1,041,325	$ 1,045,895	$ 487,107	$ 482,041
Magnum
Business Acquisition [Line Items]
Payments to acquire assets	$ 1,200
Goodwill	$ 1,200
PC Australasia
Business Acquisition [Line Items]
Payments to acquire assets		$ 2,700
Goodwill		$ 1,000
Budenheim Iberica, S.L.U
Business Acquisition [Line Items]
Payments to acquire assets			$ 3,600
Goodwill			$ 3,200

BUSINESS ACQUISITIONS - LaderaT

BUSINESS ACQUISITIONS - LaderaTech Acquisition (Details) - USD ($) $ in Thousands		12 Months Ended
	May 07, 2020	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2020
Business Acquisition [Line Items]
Contingent earn-out	$ 19,800
LaderaTech, Inc
Business Acquisition [Line Items]
Consideration transferred	21,832
Payments to acquire businesses	2,016
Contingent earn-out	19,816
LaderaTech, Inc | Qualified Product List Payment
Business Acquisition [Line Items]
Contingent future payments	2,800
Contingent consideration payment		$ 3,000
LaderaTech, Inc | Earnout Achievement Of Revenue Thresholds Through 2026
Business Acquisition [Line Items]
Contingent future payments	$ 17,000
Estimated fair value of contingent consideration			$ 7,300	$ 20,000

BUSINESS ACQUISITIONS - Lader_2

BUSINESS ACQUISITIONS - LaderaTech Acquisition Assets and Liabilities (Details) - USD ($) $ in Thousands	May 07, 2020	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Contingent earn-out	$ 19,800
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill		$ 1,031,460	$ 1,019,387	$ 1,031,219	$ 1,041,325	$ 1,045,895	$ 487,107	$ 482,041
LaderaTech, Inc
Business Acquisition [Line Items]
Cash consideration	2,016
Contingent earn-out	19,816
Total purchase consideration	21,832
Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed:
Cash	46
Net working capital	(38)
In-process research and development	20,200
Deferred tax liability	(5,282)
Total fair value of net assets acquired	14,926
Goodwill	6,906
Total	$ 21,832

BUSINESS ACQUISITIONS LaderaTec

BUSINESS ACQUISITIONS LaderaTech Pro Forma Actual (Details) - LaderaTech, Inc $ in Thousands	8 Months Ended
	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Net sales	$ 609
Net loss	$ (343)

BUSINESS ACQUISITIONS - Lader_3

BUSINESS ACQUISITIONS - LaderaTech Pro Forma (Details) - LaderaTech, Inc $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Pro forma net sales	$ 339,579
Pro forma net income (loss)	$ 23,815

BALANCE SHEET COMPONENTS - Summ

BALANCE SHEET COMPONENTS - Summary of Balance Sheet Components (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Inventory:
Raw materials and manufacturing supplies	$ 65,968			$ 34,008
Work in process	248			213
Finished goods	76,745			72,689
Total inventory	142,961	$ 120,467	$ 123,065	106,910
Prepaid Expenses and Other Current Assets:
Advance to vendors	2,047			2,984
Prepaid insurance	5,870			8,441
Prepaid value-added taxes	2,872			1,202
Other	1,162			1,534
Total prepaid expenses and other current assets	11,951	4,876	6,763	14,161
Property, Plant and Equipment:
Total property, plant and equipment, gross	70,998			63,619
Less: Accumulated depreciation	(12,152)			(1,372)
Total property, plant and equipment, net	58,846	57,187	59,155	62,247
Accrued Expenses and Other Current Liabilities:
Accrued bonus	3,278			7,728
Accrued salaries	2,332			900
Accrued employee benefits	846			591
Accrued interest	8,235			5,341
Accrued purchases	1,790			1,930
Accrued taxes	11,000			355
Operating lease liabilities	3,541			0
Other	1,683			2,180
Total accrued expenses and other current liabilities	32,705	59,028	22,876	19,025
Other Non-Current Liabilities:
LaderaTech contingent earn-out	7,273			19,979
Other	2,049			2,216
Total other non-current liabilities	9,322	$ 8,951	$ 12,643	22,195
Buildings
Property, Plant and Equipment:
Total property, plant and equipment, gross	3,948			4,021
Leasehold improvements
Property, Plant and Equipment:
Total property, plant and equipment, gross	2,333			2,301
Furniture and fixtures
Property, Plant and Equipment:
Total property, plant and equipment, gross	344			558
Machinery and equipment
Property, Plant and Equipment:
Total property, plant and equipment, gross	58,314			50,177
Vehicles
Property, Plant and Equipment:
Total property, plant and equipment, gross	4,106			4,579
Construction in progress
Property, Plant and Equipment:
Total property, plant and equipment, gross	$ 1,953			$ 1,983

BALANCE SHEET COMPONENTS - Narr

BALANCE SHEET COMPONENTS - Narrative (Details) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Depreciation	$ 1.4	$ 6.6	$ 10.7	$ 6.7

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Changes in Goodwill (Details) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022
Goodwill [Roll Forward]
Beginning goodwill	$ 1,045,895	$ 482,041	$ 1,041,325
Business acquired		5,385
Purchase price adjustment under Business Combination Agreement			2,356
Foreign currency translation	(4,570)	(319)	(12,221)
Ending goodwill	1,041,325	487,107	1,031,460
Fire Safety
Goodwill [Roll Forward]
Beginning goodwill	871,425	362,767	867,807
Business acquired		5,385
Purchase price adjustment under Business Combination Agreement			2,356
Foreign currency translation	(3,618)	286	(9,844)
Ending goodwill	867,807	368,438	860,319
Specialty products
Goodwill [Roll Forward]
Beginning goodwill	174,470	119,274	173,518
Business acquired		0
Purchase price adjustment under Business Combination Agreement			0
Foreign currency translation	(952)	(605)	(2,377)
Ending goodwill	$ 173,518	$ 118,669	$ 171,141

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Definite and Indefinite Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022
Definite Lived Intangible Assets:
Gross Value	$ 1,112,000	$ 1,112,000
Foreign Currency Translation	(11,450)	(3,163)
Accumulated Amortization	(63,110)	(8,005)
Net Book Value	$ 1,037,440	$ 1,100,832
Existing technology and patents
Definite Lived Intangible Assets:
Estimated Useful Life (in years)	20 years	20 years
Gross Value	$ 250,000	$ 250,000
Foreign Currency Translation	(3,029)	(836)
Accumulated Amortization	(14,153)	(1,796)
Net Book Value	$ 232,818	$ 247,368
Customer lists
Definite Lived Intangible Assets:
Estimated Useful Life (in years)	20 years	20 years
Gross Value	$ 761,000	$ 761,000
Foreign Currency Translation	(7,451)	(2,059)
Accumulated Amortization	(43,220)	(5,482)
Net Book Value	$ 710,329	$ 753,459	$ 715,829	$ 730,339
Tradenames
Definite Lived Intangible Assets:
Estimated Useful Life (in years)	20 years	20 years
Gross Value	$ 101,000	$ 101,000
Foreign Currency Translation	(970)	(268)
Accumulated Amortization	(5,737)	(727)
Net Book Value	$ 94,293	$ 100,005	$ 95,047	$ 96,960

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 8	$ 45.4	$ 55.1	$ 51.5

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2023	$ 55,600
2024	55,600
2025	55,600
2026	55,600
2027	55,600
Thereafter	759,440
Net Book Value	$ 1,037,440	$ 1,100,832

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2020	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term				7 years
Weighted average discount rate, percent				5.70%
Rent expense	$ 0.5	$ 2.9	$ 3.2
Cost of goods sold
Lessee, Lease, Description [Line Items]
Rent expense	0.5	2.5	2.9
Selling, general and administrative expense
Lessee, Lease, Description [Line Items]
Rent expense	$ 0	$ 0.4	$ 0.3

LEASES - Schedule of assets and

LEASES - Schedule of assets and Liabilities, Lessee (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Operating lease right-of-use assets	$ 18,582	$ 0
Liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities
Current (included in accrued expenses and other current liabilities)	$ 3,541	0
Non-current	15,484	$ 0
Present value of operating lease liabilities	$ 19,025

LEASES - Schedule of Lease Cost

LEASES - Schedule of Lease Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 5,390
Total lease cost	5,390
Cost of goods sold
Lessee, Lease, Description [Line Items]
Total lease cost	4,897
Selling, general and administrative expense
Lessee, Lease, Description [Line Items]
Total lease cost	$ 493

LEASES - Schedule of Supplement

LEASES - Schedule of Supplemental Cash Flow Lease (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities, Operating cash flows for operating leases	$ 5,072
ROU assets obtained in exchange for new operating lease obligations, Non-cash investing and financing activity for operating leases	$ 4,380

LEASES - Schedule of Future Min

LEASES - Schedule of Future Minimum Payment Obligations for Non-Cancelable Operating Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 4,519
2024	3,570
2025	3,418
2026	3,181
2027	2,301
Thereafter	6,724
Total lease payments	23,713
Less: imputed interest	(4,688)
Present value of operating lease liabilities	$ 19,025

LEASES - Schedule of Future M_2

LEASES - Schedule of Future Minimum Rental Payments (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 4,026
2023	3,155
2024	2,387
2025	2,063
2026	1,954
Thereafter	3,102
Total	$ 16,687

LONG-TERM DEBT AND REDEEMABLE_3

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Senior Notes	$ 675,000
Less: unamortized debt issuance costs	(9,720)	$ (10,872)
Long-term debt	665,280	664,128
Senior Notes
Debt Instrument [Line Items]
Senior Notes	$ 675,000	$ 675,000

LONG-TERM DEBT AND REDEEMABLE_4

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Schedule of Maturities of Long-term (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 0
2024	0
2025	0
2026	0
2027	0
Thereafter	675,000
Senior Notes	$ 675,000

LONG-TERM DEBT AND REDEEMABLE_5

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Successor Revolving Credit Facility (Details)			2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 09, 2021 USD ($)	Nov. 09, 2021 USD ($) step_down fiscal_quarter	Dec. 31, 2021 USD ($)	Nov. 08, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Number of commitment fee step downs | step_down		2
Proceeds from revolving credit facility			$ 40,000,000	$ 19,500,000	$ 0	$ 72,100,000
Repayments of long-term lines of credit			40,000,000	$ 19,500,000	0	$ 97,100,000
The Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Debt term		5 years
Line of credit, maximum borrowing capacity		$ 100,000,000
Line of credit accordion feature		$ 143,000,000
Line of credit, increase percentage factor		100%
Number of step downs | step_down		2
Step down rate		0.25%
Commitment fee percentage		0.50%
Commitment fee step down percent		0.125%
Fronting fee percentage		0.125%
Utilization threshold		40%
Leverage ratio		750%
Number of quarters able to exercise | fiscal_quarter		2
Consecutive quarters for exercise | fiscal_quarter		4
Period of quarters for exercise under revolving credit facility | fiscal_quarter		5
Debt issuance costs, gross		$ 2,300,000
Proceeds from revolving credit facility		40,000,000
Repayments of long-term lines of credit	$ 40,000,000
Long-term line of credit			$ 0		$ 0
The Revolving Credit Facility | Bridge Loan
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity		20,000,000
The Revolving Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity		25,000,000
Amount of undrawn letters of credit		$ 10,000,000
The Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility
Debt Instrument [Line Items]
Debt interest rate		3.25%
The Revolving Credit Facility | Base Rate | Revolving Credit Facility
Debt Instrument [Line Items]
Debt interest rate		2.25%
The Revolving Credit Facility Due 2026 - Interest Rate Option One | London Interbank Offered Rate (LIBOR) | Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		0%
The Revolving Credit Facility Due 2026 - Interest Rate Option Two | London Interbank Offered Rate (LIBOR) | Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		1%
The Revolving Credit Facility Due 2026 - Interest Rate Option Two | Fed Funds Effective Rate Overnight Index Swap Rate | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
The Revolving Credit Facility Due 2026 - Interest Rate Option Two | One Month London Interbank Offered Rate | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		1%

LONG-TERM DEBT AND REDEEMABLE_6

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Successor Bridge Facility (Details) - USD ($)	Nov. 09, 2021	Oct. 06, 2021	Oct. 05, 2021	Jun. 15, 2021
Bridge Loan Commitment | Bridge Loan
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity				$ 600,000,000
Commitment fee amount	$ 7,500,000
Senior Notes Due 2029 | Senior Notes
Debt Instrument [Line Items]
Debt face amount	$ 675,000,000	$ 675,000,000	$ 600,000,000

LONG-TERM DEBT AND REDEEMABLE_7

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Successor Senior Notes (Details) - Senior Notes Due 2029 - Senior Notes - USD ($)	Oct. 05, 2021	Dec. 31, 2022	Dec. 31, 2021	Nov. 09, 2021	Oct. 06, 2021
Debt Instrument [Line Items]
Debt face amount	$ 600,000,000			$ 675,000,000	$ 675,000,000
Debt interest rate	5%			5%
Percentage of principal amount redeemed	40%
Redemption price percentage	105%
Debt issuance costs, gross	$ 11,000,000	$ 9,700,000	$ 10,900,000

LONG-TERM DEBT AND REDEEMABLE_8

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Successor Redeemable Preferred Shares (Details) - USD ($) $ / shares in Units, $ in Thousands		10 Months Ended	12 Months Ended
	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2022
Debt Instrument [Line Items]
Dividend percentage	6.50%
Preferred dividend, paid in cash percentage	40%
Preferred dividend, paid in kind percentage	60%
Period of dividend payment after annual meeting	3 days
Preferred dividends paid in arrears			$ 4,500
Dividends		$ 60,000
Mandatorily Redeemable Preferred Stock
Debt Instrument [Line Items]
Mandatory redeemable shares amount	$ 100,000
SK Holdings Ordinary Shares Exchange
Debt Instrument [Line Items]
Number of shares issued in conversion (in shares)	10,000,000
Preferred stock conversion price (in usd per share)	$ 10
6.50% Redeemable Preferred Shares
Debt Instrument [Line Items]
Period following latest maturity date	6 months
Period following issuance of 6.50% redeemable preferred shares	9 years
Additional increase to interest rate	10%
Liquidation preference	$ 100,000
Redemption price			104,500
6.50% Redeemable Preferred Shares | Interest Expense
Debt Instrument [Line Items]
Dividends			$ 6,500

LONG-TERM DEBT AND REDEEMABLE_9

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Predecessor (Details) - USD ($) $ in Thousands		2 Months Ended	10 Months Ended	12 Months Ended
	Nov. 09, 2021	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Debt Instrument [Line Items]
Repayments of long-term lines of credit		$ 40,000	$ 19,500	$ 0	$ 97,100
2018 Credit Agreement
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 11,000
Secured Debt | 2018 Credit Agreement
Debt Instrument [Line Items]
Repayments of long-term lines of credit	$ 696,500

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Company's Income Tax (Expense) Benefit (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Current:
Luxembourg	$ (1)						$ (11)	$ 0	$ (118)
U.S. Federal	1,295						(15,123)	(13,561)	(7,546)
U.S. state and local	519						(6,201)	(5,453)	(4,091)
Other foreign jurisdictions	2,192						(4,045)	(3,455)	(1,412)
Total current	4,005						(25,380)	(22,469)	(13,167)
Deferred:
Luxembourg	0						0	0	(930)
U.S. Federal	2,060						7,062	11,029	1,966
U.S. state and local	390						1,922	5,397	(213)
Other foreign jurisdictions	(295)						2,260	574	1,861
Total deferred	2,155			$ (843)	$ 129	$ 20,488	11,244	17,000	2,684
Total income tax (expense) benefit	$ 6,160	$ (14,677)	$ (1,012)	$ 5,446	$ 4,434	$ (10,243)	$ (14,136)	$ (5,469)	$ (10,483)

INCOME TAXES - Schedule of Co_2

INCOME TAXES - Schedule of Company's Income Before Income Taxes (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Luxembourg	$ (657,511)						$ (15,309)	$ 81,308	$ (1,230)
U.S.	(25,102)						49,186	9,063	35,703
Other foreign jurisdictions	(5,696)						888	6,856	259
Income (loss) before income taxes	$ (688,309)	$ 120,904	$ 9,939	$ 31,517	$ 41,456	$ 162,360	$ 34,765	$ 97,227	$ 34,732

INCOME TAXES - Schedule of Effe

INCOME TAXES - Schedule of Effective Income Tax Rate (Details)	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Luxembourg statutory tax rate	24.94%	24.94%	24.94%	24.94%
(Increase)/reduction in income tax rate:
U.S. state and local income taxes, net	0.14%	7.61%	(0.14%)	6.25%
Effect of rates different from statutory	(0.10%)	(5.84%)	0.36%	(3.78%)
Nondeductible officer compensation	0%	0%	1.59%	0%
Tax on unremitted earnings	0%	0%	3.73%	0%
Section 250 deduction	(0.05%)	(2.20%)	(0.71%)	(1.36%)
Transaction costs	(0.11%)	0.02%	0%	0%
Nontaxable gain/loss on earn-out liability	0%	0%	(2.71%)	0%
Founders advisory fees	(23.67%)	0%	(30.09%)	0%
Tax rate changes	0%	1.38%	(0.94%)	3.57%
Changes in prior year estimates	0%	0%	(1.95%)	(2.73%)
Change in valuation allowance	(0.07%)	12.47%	10.90%	5.12%
Other, net	(0.19%)	2.28%	0.64%	(1.83%)
Effective tax rate	0.89%	40.66%	5.62%	30.18%

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Tax Assets:
Net operating loss carryforwards	$ 16,394	$ 7,360
Inventory	610	0
Interest	2,502	4,161
Accrued liabilities	2,925	2,315
Goodwill and other intangibles	5	35
Lease liability	5,051	0
Other	3,450	1,821
Valuation allowance	(16,142)	(5,598)
Total deferred tax assets	14,795	10,094
Deferred Tax Liabilities:
Property, plant and equipment	(9,857)	(10,077)
Goodwill and other intangibles	(268,418)	(284,297)
Inventory	0	(6,621)
Unremitted earnings	(9,622)	(6,000)
Right-of-use asset	(4,934)	0
Other	(234)	(247)
Total deferred tax liabilities	(293,065)	(307,242)
Net deferred tax liability	$ (278,270)	$ (297,148)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Increase in valuation allowance for deferred tax asset	$ 10,500,000
Deferred tax liability not recognized in foreign subsidiaries	9,600,000
Unrecognized tax benefit that would not impact effective tax rate	36,300,000
Unrecognized tax benefits	36,257,000	$ 0	$ 0
Accrued interest or penalties	0	0
Income tax penalties and interest expense	0	$ 0
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards subject to expiration	58,000,000
Operating loss carryforwards not subject to expiration	300,000
State And Local Jurisdiction, United States
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	4,000,000
Other Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 5,800,000

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Unrecognized Tax Benefits
Balance at beginning of year	$ 0	$ 0
Increase in prior years’ tax positions	36,257,000	0
Balance at end of year	$ 36,257,000	$ 0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Purchase obligation expense	$ 7.7	$ 36.1	$ 43.9	$ 31.8
Purchase agreement			5
Purchase agreement, paid in 2022			2
Outstanding purchase obligation			$ 3

EQUITY - Ordinary Shares (Detai

EQUITY - Ordinary Shares (Details)			12 Months Ended
	Jul. 21, 2022 shares	Dec. 07, 2021 USD ($)	Dec. 31, 2022 USD ($) vote $ / shares shares	Nov. 03, 2022 USD ($)	Sep. 30, 2022 $ / shares shares	Jun. 30, 2022 $ / shares shares	Dec. 31, 2021 $ / shares shares	Nov. 09, 2021 $ / shares
Class of Stock [Line Items]
Authorized share capital | $			$ 4,100,000,000
Common stock, authorized (in shares)			4,000,000,000		4,000,000,000	4,000,000,000	4,000,000,000
Common stock, par value (in usd per share) | $ / shares			$ 1		$ 1	$ 1	$ 1	$ 1
Preferred stock, authorized (in shares)			10,000,000
Preferred stock, par value (in usd per share) | $ / shares			$ 10
Number of votes per share | vote			1
Common stock, issued (in shares)			163,234,542		163,234,542	163,234,542	157,237,435
Common stock, outstanding (in shares)			156,797,806		162,316,326	162,637,029	157,237,435
Ordinary shares repurchased (in shares)			6,436,736
Subsidiaries
Class of Stock [Line Items]
Ordinary shares repurchased (in shares)			597,513
Share Repurchase Plan
Class of Stock [Line Items]
Authorized repurchase amount | $		$ 100,000,000		$ 100,000,000
Stock repurchase plan period	5 years	24 months
Percentage of outstanding shares authorized to be repurchased	25%
Stock repurchase program, number of shares authorized to be repurchased (in shares)	40,659,257

EQUITY - Predecessor (Details)

EQUITY - Predecessor (Details) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Equity [Abstract]
Shareholders’ capital distributions	$ 0	$ 60,000	$ 0	$ 0

EQUITY - Warrants (Details)

EQUITY - Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Equity [Abstract]
Warrants outstanding (in shares)				34,020,000	33,843,440
Number of securities called by each warrant (in shares)				0.25
Warrant exercise price (in usd per share)				$ 12
Warrant redemption price (in usd per share)					$ 0.01
Warrant stock price threshold (in usd per share)					$ 18
Warrant consecutive trading days threshold					10 days
Proceeds from exercise of warrants	$ 0	$ 529	$ 529	$ 0	$ 529	$ 0
Number of warrants exercised (in shares)	100				176,460
Ordinary shares issued (in shares)	25				44,115

SHARE-BASED COMPENSATION AND _3

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - 2021 Equity Plan (Details) - USD ($) $ / shares in Units, $ in Thousands		2 Months Ended	3 Months Ended	6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 07, 2021	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 09, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized and reserved for future issuance (in shares)										31,900,000
Lower exercise price (in usd per share)							$ 8.36
Upper exercise price (in usd per share)							$ 14
Granted (in shares)							2,579,167
Period to comply with minimum personal investment requirement							5 years
Noncash stock compensation expense		$ 4,821	$ 4,963	$ 8,396	$ 7,551	$ 156	$ 14,649		$ 0
Unrecognized compensation expense							26,000
Compensation expense recognized		4,821				$ 156	14,649		$ 0
Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum personal investment requirement							2,200
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum personal investment requirement							$ 1,500
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period							10 years
Noncash stock compensation expense		3,600					$ 14,600
Tax benefit recognized							$ 1,500	$ 300
Period for recognition							1 year 10 months 24 days
Bridge Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)							245,004
Target EBITDA							$ 136,000
5-Year Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)							11,097,917
Award vesting period							5 years
5-Year Option | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum compounded annual growth							13.50%
Percent vested							25%
5-Year Option | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum compounded annual growth							23.50%
Percent vested							100%
Common Stock | Consultant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted in period (in shares)	100,000
Grant date fair value (in usd per share)	$ 11.75
Compensation expense recognized		$ 1,200

SHARE-BASED COMPENSATION AND _4

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Schedule of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Number of Options
Beginning balance (in shares) | shares	8,763,754
Granted (in shares) | shares	2,579,167
Exercised (in shares) | shares	0
Forfeited (in shares) | shares	(1,003,750)
Ending balance (in shares) | shares	10,339,171
Options vested and exercisable (in shares) | shares	1,948,754
Weighted-Average Exercise/Conversion Price
Beginning balance (in usd per share) | $ / shares	$ 10.04
Granted (in usd per share) | $ / shares	8.87
Exercised (in usd per share) | $ / shares	0
Forfeited (in usd per share) | $ / shares	10.09
Ending balance (in usd per share) | $ / shares	9.75
Options vested and exercisable (in usd per share) | $ / shares	$ 10.04
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding, weighted average remaining contractual life	8 years 11 months 23 days
Options outstanding, aggregate intrinsic value | $	$ 1,560
Options vested and exercisable, weighted average remaining contractual life	8 years 10 months 9 days
Options vested and exercisable, aggregate intrinsic value | $	$ 0

SHARE-BASED COMPENSATION AND _5

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Schedule of Stock Option Valuation Assumptions (Details) - Stock Option - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	$ 0	$ 0	$ 0	$ 0	$ 0
Risk-free interest rate	2.41%	3.30%	4.02%	3.98%	1.35%
Expected volatility	37%	38.30%	39.50%	43.10%	37.50%
Expected life (years)	6 years 1 month 9 days	5 years 10 months 9 days	5 years 7 months 9 days	5 years 4 months 6 days	6 years 6 months
Weighted average exercise price of options granted (in usd per share)	$ 12.09	$ 8.83	$ 8.87	$ 8.87	$ 10.04
Weighted average fair value of options granted (in usd per share)	$ 4.86	$ 5.25	$ 3.21	$ 4.20	$ 6.94

SHARE-BASED COMPENSATION AND _6

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Founder Advisory Amounts (Details) - USD ($) $ / shares in Units, $ in Thousands			2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 09, 2021	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in usd per share)		$ 12
Compensation expense recognized			$ 4,821	$ 156	$ 14,649	$ 0
Founder Advisory Agreement | Affiliated Entity
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fixed annual advisory amount fair value		$ 197,400
Variable annual advisory amount fair value		376,400
Founder Advisory Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized	$ 78,600	$ 574,400	$ 653,000

SHARE-BASED COMPENSATION AND _7

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Founder Amount Valuation Assumptions (Details) - Founder Advisory Agreement - $ / shares		12 Months Ended
	Nov. 09, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0%	0%	0%
Risk-free interest rate	1.47%	3.87%	1.52%
Expected volatility	35%	43.10%	37.50%
Expected life (years)	10 years 1 month 24 days	9 years	10 years
10-day volume weighted average stock price (in usd per share)	$ 12	$ 8.86	$ 13.63

SHARE-BASED COMPENSATION AND _8

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Predecessor Narrative (Details) - Incentive Units $ in Millions		10 Months Ended
	Nov. 09, 2021 USD ($) shares	Nov. 08, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent vested	100%
Rate of return factor	3
Incentive units outstanding (in shares) | shares	103,820
Incentive units vested | $	$ 2.7
Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent vested		50%
Rate of return factor		2
Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent vested		25%
Rate of return factor		2.5
Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent vested		25%
Rate of return factor		3

SHARE-BASED COMPENSATION AND _9

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Savings and Investment Plans (Details) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Company's matching contribution	$ 0.3	$ 0.9	$ 1.3	$ 1.1

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
LaderaTech, Inc
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Revenue threshold	$ 5
LaderaTech, Inc | Measurement Input, Gross Profit
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent consideration liability, measurement input	0.20
Level 2 | Senior Notes
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, fair value	$ 556.9	$ 675

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Liabilities Measured on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Liabilities:
Founders advisory fees payable - related party	$ 175,373	$ 365,789
LaderaTech contingent earn-out included in other liabilities, non-current	7,273	19,979
Total liabilities	182,646	385,768
Level 1
Liabilities:
Founders advisory fees payable - related party	56,883	114,276
LaderaTech contingent earn-out included in other liabilities, non-current	0	0
Total liabilities	56,883	114,276
Level 2
Liabilities:
Founders advisory fees payable - related party	0	0
LaderaTech contingent earn-out included in other liabilities, non-current	0	0
Total liabilities	0	0
Level 3
Liabilities:
Founders advisory fees payable - related party	118,490	251,513
LaderaTech contingent earn-out included in other liabilities, non-current	7,273	19,979
Total liabilities	$ 125,763	$ 271,492

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule Reconciliation of Level 3 Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022
Founders Advisory Fees Payable - Related Party
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 188,204	$ 0	$ 251,513
Settlements		0	(40,776)
Founders advisory fees - related party, change in fair value	63,309		(81,752)
(Gain) loss on contingent earn-out	0	0	0
Reclassification from liability to equity			(10,495)
Ending balance	251,513	0	118,490
LaderaTech Contingent Earn-out
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	19,781	19,816	19,979
Settlements		(3,000)	0
Founders advisory fees - related party, change in fair value	0		0
(Gain) loss on contingent earn-out	198	2,965	(12,706)
Reclassification from liability to equity			0
Ending balance	$ 19,979	$ 19,781	$ 7,273

FAIR VALUE MEASUREMENTS - Sch_3

FAIR VALUE MEASUREMENTS - Schedule of Estimated Fair Value of Intangible Assets Acquired (Details) - SK Intermediate $ in Thousands	Nov. 09, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 1,112,000
Tradenames
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 101,000
Useful life	20 years
Customer lists
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 761,000
Useful life	20 years
Existing technology and patents
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 250,000
Useful life	20 years

RELATED PARTIES - Successor Nar

RELATED PARTIES - Successor Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands					2 Months Ended	6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Feb. 15, 2023	Feb. 15, 2022	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2021	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Common stock, outstanding (in shares)					157,237,435	162,637,029	162,316,326		156,797,806	157,237,435
Founders advisory fees - related party (change in accounting fair value)					$ 0	$ 80,313	$ 154,026	$ 0	$ 117,302		$ 0
Sale of stock, number of shares issued (in shares)				115,000,000
Sale of stock, price per share (in usd per share)				$ 10				$ 10
Management Subscribers
Related Party Transaction [Line Items]
Sale of stock, number of shares issued (in shares)			1,104,810
Sale of stock, price per share (in usd per share)			$ 10
Director Subscribers
Related Party Transaction [Line Items]
Sale of stock, number of shares issued (in shares)			200,000
Sale of stock, price per share (in usd per share)			$ 10
Founder Advisory Agreement
Related Party Transaction [Line Items]
Founders advisory fees - related party (change in accounting fair value)									$ 117,300
Affiliated Entity | Founder Advisory Agreement | Founder Advisory Agreement
Related Party Transaction [Line Items]
Yearly issue percentage			1.50%
Common stock, outstanding (in shares)			157,137,410
Affiliated Entity | Founder Advisory Agreement | EverArc Founder Entity
Related Party Transaction [Line Items]
Fixed annual advisory shares (in shares)			2,357,061						2,357,061	2,357,061
Yearly issue percentage			1.50%
Common stock, outstanding (in shares)			157,137,410
Average share price threshold (in usd per share)			$ 10
Increase in market value			18%
Share price (in usd per share)			$ 10
Variable annual advisory paid in cash									50%
Fixed annual advisory, average share price (in usd per share)									$ 8.86	$ 13.63
Fixed annual advisory fee shares value					32,100				$ 20,900	$ 32,100
Variable annual advisory, average share price (in usd per share)									$ 8.86	$ 13.63
Percentage received in shares									77.70%	60%
Advisory share amount (in shares)									1,831,653	5,952,992
Percentage received in cash									22.30%	40%
Payment of advisory amount		$ 53,500							$ 4,700	$ 53,500
Ordinary shares issued (in shares)		5,952,992
Variable annual advisory shares (in shares)										7,525,906
Variable annual advisory fee shares value					102,500					$ 102,500
Payment price, annual increase, percentage			15%
Affiliated Entity | Founder Advisory Agreement | EverArc Founder Entity | Subsequent Event
Related Party Transaction [Line Items]
Payment of advisory amount	$ 4,700
Ordinary shares issued (in shares)	1,831,653
Affiliated Entity | Founder Advisory Agreement | EverArc Founder Entity | Minimum
Related Party Transaction [Line Items]
Payout period									5 years
Affiliated Entity | Founder Advisory Agreement | EverArc Founder Entity | Maximum
Related Party Transaction [Line Items]
Payout period									9 years
Affiliated Entity | Lease Arrangements For Real Property | Ironman
Related Party Transaction [Line Items]
Liability portion of founders advisory fees - related party reclassified to additional paid in capital					$ 100			$ 300	$ 400		$ 400
Officer
Related Party Transaction [Line Items]
Restrictive covenant period			3 years

RELATED PARTIES - Predecessor N

RELATED PARTIES - Predecessor Narrative (Details) - Affiliated Entity - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Raw Material Purchases | Sellers
Related Party Transaction [Line Items]
Purchase from related party		$ 0.9		$ 2.7
Sale of Raw Materials | Sellers
Related Party Transaction [Line Items]
Revenue from related party		11.7		6.4
Business Acquisition, Management Consulting Fees | Sponsor
Related Party Transaction [Line Items]
Liability portion of founders advisory fees - related party reclassified to additional paid in capital		1.1		1.3
Lease Arrangements For Real Property | Ironman
Related Party Transaction [Line Items]
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	$ 0.1	$ 0.3	$ 0.4	$ 0.4

REVENUE RECOGNITION - Schedule

REVENUE RECOGNITION - Schedule of Revenue (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Net sales	$ 21,023	$ 160,509	$ 100,965	$ 158,723	$ 319,232	$ 341,315	$ 360,505	$ 339,577
Product
Disaggregation of Revenue [Line Items]
Net sales	20,242					310,679	330,672	320,681
Service
Disaggregation of Revenue [Line Items]
Net sales	692					27,220	26,630	17,137
Other
Disaggregation of Revenue [Line Items]
Net sales	$ 89					$ 3,416	$ 3,203	$ 1,759

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss)	$ (682,149)	$ (682,149)	$ 106,227	$ 8,927	$ 36,963	$ 45,890	$ 152,117	$ 20,629	$ 91,758		$ 24,249
Weighted-average shares outstanding:
Weighted average shares used in computing earnings per share, basic (in shares)	157,158,579		162,635,592	162,917,478		161,591,704	161,943,492	53,045,510	160,937,575		53,045,510
Founders advisory fees (in shares)	0							0	14,142,366		0
Weighted average shares used in computing earnings per share, diluted (in shares)	157,158,579		176,777,958	177,059,844		175,734,070	176,085,858	53,045,510	175,079,941		53,045,510
Basic earnings per share (in usd per share)	$ (4.34)		$ 0.65	$ 0.05	$ 0.23	$ 0.28	$ 0.94	$ 0.39	$ 0.57		$ 0.46
Diluted earnings per share (in usd per share)	$ (4.34)		$ 0.60	$ 0.05	$ 0.21	$ 0.26	$ 0.86	$ 0.39	$ 0.52		$ 0.46
Stock Option
Weighted-average shares outstanding:
Potential shares excluded from computation (in shares)									10,300,000	8,800,000
Founder Advisory Agreement
Weighted-average shares outstanding:
Potential shares excluded from computation (in shares)									22,400,000
Warrant
Weighted-average shares outstanding:
Potential shares excluded from computation (in shares)									8,500,000	8,500,000

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 segment
Segment Reporting [Abstract]
Number of operating segments	2

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Segment Information (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 21,023	$ 160,509	$ 100,965		$ 158,723	$ 319,232	$ 341,315	$ 360,505	$ 339,577
Adjusted EBITDA	(1,858)						143,292	125,391	136,011
Depreciation and amortization	9,379				33,086	49,536	52,000	65,795	58,117
Interest and financing expense	6,352						39,087	42,585	42,017
Founders advisory fees - related party	652,990	(73,713)	(20,465)		(80,313)	(154,026)	0	(117,302)	0
Non-recurring expenses	5,580						4,845	6,885	2,379
Share-based compensation expense	4,821						156	14,649	0
Non-cash purchase accounting impact	6,125						0	24,796	0
(Gain) loss on contingent earn-out	198	(3,644)	(9,398)		(9,398)	(13,042)	2,965	(12,706)	0
Management fees	0						1,073	0	1,281
Contingent future payments	0						4,375	0	3,125
Unrealized foreign currency loss (gain)	(1,006)	(4,705)	(3,156)		(4,036)	(8,741)	(4,026)	(3,462)	5,640
Income (loss) before income taxes	(688,309)	120,904	9,939	$ 31,517	41,456	162,360	34,765	97,227	34,732
Assets	2,578,383	$ 2,501,054	$ 2,493,937	$ 2,513,414	$ 2,493,937	$ 2,501,054		2,456,616
Fire Safety
Segment Reporting Information [Line Items]
Net sales	7,913						253,267	226,583	244,968
Adjusted EBITDA	(3,696)						121,589	77,365	112,034
Depreciation and amortization	7,418						36,994	51,299	41,271
Assets	2,111,635							1,958,633
Specialty products
Segment Reporting Information [Line Items]
Net sales	13,110						88,048	133,922	94,609
Adjusted EBITDA	1,838						21,703	48,026	23,977
Depreciation and amortization	1,961						$ 15,006	14,496	$ 16,846
Assets	$ 466,748							$ 497,983

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Net Sales by Geographic Area (Details) - Revenue from Contract with Customer Benchmark - Geographic Concentration Risk	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
United States
Segment Reporting Information [Line Items]
Concentration risk, percentage	52%	75%	74%	82%
International
Segment Reporting Information [Line Items]
Concentration risk, percentage	48%	25%	26%	18%
Spain
Segment Reporting Information [Line Items]
Concentration risk, percentage	11%

SEGMENT INFORMATION - Schedul_3

SEGMENT INFORMATION - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Property, plant and equipment, net	$ 58,846	$ 57,187	$ 59,155	$ 62,247
United States
Segment Reporting Information [Line Items]
Property, plant and equipment, net	37,390			37,159
Canada
Segment Reporting Information [Line Items]
Property, plant and equipment, net	2,594			3,512
Germany
Segment Reporting Information [Line Items]
Property, plant and equipment, net	14,802			17,199
Other foreign jurisdictions
Segment Reporting Information [Line Items]
Property, plant and equipment, net	$ 4,060			$ 4,377

PARENT COMPANY INFORMATION - Co

PARENT COMPANY INFORMATION - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 126,750	$ 166,256	$ 125,502		$ 225,554
Prepaid expenses and other current assets	11,951	4,876	6,763		14,161
Total current assets	308,522	377,866	335,229	$ 322,043	371,760
Other assets:
Other assets, net	1,766	1,877	1,992		2,219
Total assets	2,456,616	2,501,054	2,493,937	2,513,414	2,578,383
Current Liabilities:
Accrued purchases	36,794	31,856	42,967		27,469
Founders advisory fees payable - related party	4,655	9,836	27,116		53,547
Accrued expenses and other current liabilities	32,705	59,028	22,876		19,025
Total current liabilities	74,154	101,992	98,346		100,486
Founders advisory fees payable - related party	170,718	134,598	191,031		312,242
Redeemable preferred shares	101,279	100,263	99,312		96,867
Redeemable preferred shares - related party	3,209	3,245	3,215		3,699
Total liabilities	1,317,716	1,287,454	1,364,974	1,375,432	1,496,765
Shareholders’ equity:
Total shareholders’ equity	1,138,900	1,213,600	1,128,963	1,137,982	1,081,618	$ 1,476,881	$ 252,443	$ 291,422	$ 262,386
Total liabilities and shareholders’ equity	2,456,616	$ 2,501,054	$ 2,493,937	$ 2,513,414	2,578,383
Parent Company
Current assets:
Cash and cash equivalents	59,157				216,413
Intercompany receivable	17,549				14,325
Prepaid expenses and other current assets	3,699				8,195
Total current assets	80,405				238,933
Other assets:
Investment in subsidiaries	1,410,004				1,352,389
Intercompany note receivable	0				20,000
Other assets, net	124				0
Total assets	1,490,533				1,611,322
Current Liabilities:
Accrued purchases	3,545				455
Intercompany payable	64,555				60,566
Founders advisory fees payable - related party	4,655				53,547
Accrued expenses and other current liabilities	3,672				636
Total current liabilities	76,427				115,204
Founders advisory fees payable - related party	170,718				312,242
Redeemable preferred shares	101,279				96,867
Redeemable preferred shares - related party	3,209				3,699
Total liabilities	351,633				528,012
Shareholders’ equity:
Total shareholders’ equity	1,138,900				1,083,310
Total liabilities and shareholders’ equity	$ 1,490,533				$ 1,611,322

PARENT COMPANY INFORMATION - _2

PARENT COMPANY INFORMATION - Condensed Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	2 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Operating expenses:
Selling, general and administrative expense	$ 16,982		$ 15,650	$ 19,679	$ 19,154	$ 38,833	$ 54,483	$ 38,981	$ 74,319	$ 37,747
Founders advisory fees - related party	652,990		(73,713)	(20,465)		(80,313)	(154,026)	0	(117,302)	0
Total operating expenses	678,068		(44,376)	13,276	(26,643)	(13,367)	(57,743)	88,558	12,587	90,569
Operating income (loss)	(680,755)		131,124	15,639	43,058	58,697	189,821	80,621	130,065	71,476
Other expenses	7,554		10,220	5,700		17,241	27,461	45,856	32,838	36,744
Income (loss) before income taxes	(688,309)		120,904	9,939	31,517	41,456	162,360	34,765	97,227	34,732
Net income (loss)	(682,149)	$ (682,149)	106,227	8,927	36,963	45,890	152,117	20,629	91,758	24,249
Total comprehensive income (loss)	(689,284)		$ 88,046	$ (7,444)	$ 37,089	$ 29,645	$ 117,691	$ 20,865	73,422	$ 29,036
Parent Company
Operating expenses:
Selling, general and administrative expense	2,254								18,471
Founders advisory fees - related party	652,990								(117,302)
Total operating expenses	655,244								(98,831)
Operating income (loss)	(655,244)								98,831
Other expenses	934								5,267
Income (loss) before income taxes	(656,178)								93,564
Undistributed earnings of subsidiaries	(24,279)								(1,806)
Net income (loss)	(680,457)								91,758
Total comprehensive income (loss)	$ (680,457)								$ 91,758

PARENT COMPANY INFORMATION - _3

PARENT COMPANY INFORMATION - Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands	2 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ (682,149)	$ (682,149)	$ 106,227	$ 8,927	$ 36,963	$ 45,890	$ 152,117	$ 20,629	$ 91,758	$ 24,249
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Founders advisory fees - related party (change in accounting fair value)	0					(80,313)	(154,026)	0	(117,302)	0
Interest and payment-in-kind on preferred shares	944					3,268	4,903	0	6,537	0
Share-based compensation	4,821				4,963	8,396	7,551	156	14,649	0
Share-based compensation - Founders advisory fees - related party (equity settled)	287,200							0	0	0
Changes in operating assets and liabilities, net of acquisitions:
Intercompany receivable	27,977					(44,477)	(63,838)	(28,872)	(6,190)	11,734
Prepaid expenses and other current assets	(5,230)					7,301	9,058	(9,426)	1,922	(9,948)
Accounts payable	8,194					15,834	4,975	10,108	9,696	(9,608)
Accrued expenses and other current liabilities	436					2,789	15,547	146	(647)	(5,572)
Net cash (used in) provided by operating activities	4,359					(89,351)	(43,184)	67,991	(40,172)	70,826
Cash flows from investing activities:
Purchase of property and equipment	(1,468)					(4,006)	(6,024)	(8,282)	(8,613)	(7,497)
Investment in subsidiaries	(1,209,155)							0	0	0
Net cash used in investing activities	(1,210,623)					(5,644)	(7,662)	(15,746)	(10,251)	(9,467)
Cash flows from financing activities:
Ordinary shares repurchased	0					(5,008)	(7,572)	0	(49,341)	0
Proceeds from exercise of warrants	0					529	529	0	529	0
Net cash used in financing activities	(697,221)					(4,479)	(7,043)	(64,210)	(48,812)	(45,610)
Net change in cash and cash equivalents	(1,904,223)					(100,052)	(59,298)	(11,530)	(98,804)	12,656
Cash and cash equivalents, beginning of period	10,948	2,129,777	125,502		225,554	225,554	225,554	22,478	225,554	9,822
Cash and cash equivalents, end of period	225,554	225,554	$ 166,256	$ 125,502		125,502	166,256	10,948	126,750	22,478
Non-cash investing and financing activities:
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	0					13,783	13,783	0	19,568	0
Redeemable preferred shares issued as consideration for business combination	100,000							0	0	0
Management Subscribers rollover contribution	11,048							$ 0	0	$ 0
Parent Company
Cash flows from operating activities:
Net income (loss)	(680,457)								91,758
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Founders advisory fees - related party (change in accounting fair value)	0								(117,302)
Equity in earnings of subsidiaries	24,279								1,806
Interest and payment-in-kind on preferred shares	944								5,229
Share-based compensation	1,182								285
Share-based compensation - Founders advisory fees - related party (equity settled)	287,200								0
Changes in operating assets and liabilities, net of acquisitions:
Intercompany receivable	(14,325)								766
Prepaid expenses and other current assets	(8,195)								4,496
Accounts payable	455								3,090
Accrued expenses and other current liabilities	889								1,729
Founders advisory fees - related party (cash settled)	365,789								(53,547)
Net cash (used in) provided by operating activities	(22,239)								(61,690)
Cash flows from investing activities:
Purchase of property and equipment	0								(124)
Investment in subsidiaries	(1,209,155)								(71,638)
Intercompany note receivable	(20,000)								20,000
Net cash used in investing activities	(1,229,155)								(51,762)
Cash flows from financing activities:
Ordinary shares repurchased	0								(44,333)
Proceeds from exercise of warrants	0								529
Net cash used in financing activities	2,000								(43,804)
Net change in cash and cash equivalents	(1,249,394)								(157,256)
Cash and cash equivalents, beginning of period		1,465,807			$ 216,413	$ 216,413	$ 216,413		216,413
Cash and cash equivalents, end of period	216,413	$ 216,413							59,157
Non-cash investing and financing activities:
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	0								19,568
Redeemable preferred shares issued as consideration for business combination	100,000								0
Management Subscribers rollover contribution	11,048								0
Parent Company | Director Subscribers
Cash flows from financing activities:
Sale of Ordinary Shares issued to Director Subscribers	$ 2,000								$ 0

RESTATEMENT OF PREVIOUSLY ISS_3

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Condensed Consolidated Balance Sheet (Details) - USD ($)	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Nov. 09, 2021	Nov. 08, 2021	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 126,750,000	$ 166,256,000	$ 125,502,000		$ 225,554,000
Accounts receivable, net	26,646,000	85,612,000	68,458,000		24,319,000
Inventories	142,961,000	120,467,000	123,065,000		106,910,000
Income tax receivable	214,000	655,000	11,441,000	$ 7,753,000	816,000
Prepaid expenses and other current assets	11,951,000	4,876,000	6,763,000		14,161,000
Total current assets	308,522,000	377,866,000	335,229,000	322,043,000	371,760,000
Property, plant and equipment, net	58,846,000	57,187,000	59,155,000		62,247,000
Goodwill	1,031,460,000	1,019,387,000	1,031,219,000		1,041,325,000	$ 1,045,895,000	$ 487,107,000	$ 482,041,000
Intangible assets, net	1,037,440,000				1,100,832,000
Other assets, net	1,766,000	1,877,000	1,992,000		2,219,000
Total assets	2,456,616,000	2,501,054,000	2,493,937,000	2,513,414,000	2,578,383,000
Current Liabilities:
Accounts payable	36,794,000	31,856,000	42,967,000		27,469,000
Accrued expenses and other current liabilities	32,705,000	59,028,000	22,876,000		19,025,000
Founders advisory fees payable - related party	4,655,000	9,836,000	27,116,000		53,547,000
Deferred revenue	0	1,272,000	5,387,000		445,000
Total current liabilities	74,154,000	101,992,000	98,346,000		100,486,000
Long-term debt	665,280,000	664,986,000	664,696,000		664,128,000
Deferred income taxes	278,270,000	273,419,000	295,731,000	298,093,000	297,148,000
Founders advisory fees payable - related party	170,718,000	134,598,000	191,031,000		312,242,000
Redeemable preferred shares	101,279,000	100,263,000	99,312,000		96,867,000
Redeemable preferred shares - related party	3,209,000	3,245,000	3,215,000		3,699,000
Other non-current liabilities	9,322,000	8,951,000	12,643,000		22,195,000
Total liabilities	1,317,716,000	1,287,454,000	1,364,974,000	1,375,432,000	1,496,765,000
Commitments and Contingencies
Shareholders’ equity:
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 shares issued; 162,316,326 shares outstanding	163,235,000	163,235,000	163,235,000		157,237,000
Treasury shares, at cost; 918,216 shares	(49,341,000)	(7,572,000)	(5,008,000)		0
Additional paid-in capital	1,698,781,000	1,685,898,000	1,686,743,000	1,683,310,000	1,670,033,000
Accumulated other comprehensive loss	(25,471,000)	(41,561,000)	(23,380,000)	(701,554,000)	(7,135,000)
Accumulated deficit	(648,304,000)	(586,400,000)	(692,627,000)		(738,517,000)
Total shareholders’ equity	1,138,900,000	1,213,600,000	1,128,963,000	1,137,982,000	1,081,618,000	$ 1,476,881,000	$ 252,443,000	$ 291,422,000	$ 262,386,000
Total liabilities and shareholders’ equity	2,456,616,000	2,501,054,000	2,493,937,000	2,513,414,000	2,578,383,000
Customer lists
Current assets:
Intangible assets, net	710,329,000	715,829,000	730,339,000		753,459,000
Technology and patents, net
Current assets:
Intangible assets, net	232,818,000	233,861,000	239,043,000		247,368,000
Tradenames
Current assets:
Intangible assets, net	$ 94,293,000	95,047,000	96,960,000		100,005,000
As Reported
Current assets:
Cash and cash equivalents		166,256,000	125,502,000
Accounts receivable, net		85,612,000	68,458,000
Inventories		120,467,000	123,065,000		110,087,000
Income tax receivable		655,000	25,608,000	17,935,000
Prepaid expenses and other current assets		4,876,000	6,763,000
Total current assets		377,866,000	349,396,000	332,225,000	374,937,000
Property, plant and equipment, net		57,187,000	59,155,000
Goodwill		1,019,387,000	1,031,219,000
Other assets, net		1,877,000	1,992,000
Total assets		2,501,054,000	2,508,104,000	2,523,596,000	2,581,560,000
Current Liabilities:
Accounts payable		31,856,000	42,967,000
Accrued expenses and other current liabilities		124,429,000	22,876,000
Founders advisory fees payable - related party		9,836,000	27,116,000
Deferred revenue		1,272,000	5,387,000
Total current liabilities		167,393,000	98,346,000
Long-term debt		664,986,000	664,696,000
Deferred income taxes		222,952,000	304,993,000	304,974,000	298,633,000
Founders advisory fees payable - related party		134,598,000	191,031,000
Redeemable preferred shares		100,263,000	99,312,000
Redeemable preferred shares - related party		3,245,000	3,215,000
Other non-current liabilities		8,951,000	12,643,000
Total liabilities		1,302,388,000	1,374,236,000	1,382,313,000	1,498,250,000
Commitments and Contingencies
Shareholders’ equity:
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 shares issued; 162,316,326 shares outstanding		163,235,000	163,235,000
Treasury shares, at cost; 918,216 shares		(7,572,000)	(5,008,000)
Additional paid-in capital		1,697,644,000	1,690,812,000	1,684,071,000
Accumulated other comprehensive loss		(41,561,000)	(23,380,000)	(699,014,000)
Accumulated deficit		(613,080,000)	(691,791,000)		(736,825,000)
Total shareholders’ equity		1,198,666,000	1,133,868,000	1,141,283,000	1,083,310,000
Total liabilities and shareholders’ equity		2,501,054,000	2,508,104,000	2,523,596,000	2,581,560,000
As Reported | Customer lists
Current assets:
Intangible assets, net		715,829,000	730,339,000
As Reported | Technology and patents, net
Current assets:
Intangible assets, net		233,861,000	239,043,000
As Reported | Tradenames
Current assets:
Intangible assets, net		95,047,000	96,960,000
Adjustment
Current assets:
Cash and cash equivalents		0	0
Accounts receivable, net		0	0
Inventories		0	0		(3,177,000)
Income tax receivable		0	(14,167,000)	(10,182,000)
Prepaid expenses and other current assets		0	0
Total current assets		0	(14,167,000)	(10,182,000)	(3,177,000)
Property, plant and equipment, net		0	0
Goodwill		0	0
Other assets, net		0	0
Total assets		0	(14,167,000)	(10,182,000)	(3,177,000)
Current Liabilities:
Accounts payable		0	0
Accrued expenses and other current liabilities		(65,401,000)	0
Founders advisory fees payable - related party		0	0
Deferred revenue		0	0
Total current liabilities		(65,401,000)	0
Long-term debt		0	0
Deferred income taxes		50,467,000	(9,262,000)	(6,881,000)	(1,485,000)
Founders advisory fees payable - related party		0	0
Redeemable preferred shares		0	0
Redeemable preferred shares - related party		0	0
Other non-current liabilities		0	0
Total liabilities		(14,934,000)	(9,262,000)	(6,881,000)	(1,485,000)
Commitments and Contingencies
Shareholders’ equity:
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 163,234,542 shares issued; 162,316,326 shares outstanding		0	0
Treasury shares, at cost; 918,216 shares		0	0
Additional paid-in capital		(11,746,000)	(4,069,000)	(761,000)
Accumulated other comprehensive loss		0	0	(2,540,000)
Accumulated deficit		26,680,000	(836,000)		(1,692,000)
Total shareholders’ equity		14,934,000	(4,905,000)	(3,301,000)	(1,692,000)
Total liabilities and shareholders’ equity		0	(14,167,000)	$ (10,182,000)	$ (3,177,000)
Adjustment | Customer lists
Current assets:
Intangible assets, net		0	0
Adjustment | Technology and patents, net
Current assets:
Intangible assets, net		0	0
Adjustment | Tradenames
Current assets:
Intangible assets, net		$ 0	$ 0

RESTATEMENT OF PREVIOUSLY ISS_4

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Condensed Consolidated Balance Sheet Additional Information (Details) - $ / shares	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Nov. 09, 2021
Accounting Changes and Error Corrections [Abstract]
Common stock, par value (in usd per share)	$ 1	$ 1	$ 1	$ 1	$ 1
Common stock, authorized (in shares)	4,000,000,000	4,000,000,000	4,000,000,000	4,000,000,000
Common stock, issued (in shares)	163,234,542	163,234,542	163,234,542	157,237,435
Common stock, outstanding (in shares)	156,797,806	162,316,326	162,637,029	157,237,435
Treasury stock (in shares)	6,436,736	918,216	597,513	0

RESTATEMENT OF PREVIOUSLY ISS_5

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss) (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net sales	$ 21,023		$ 160,509	$ 100,965		$ 158,723	$ 319,232	$ 341,315	$ 360,505	$ 339,577
Cost of goods sold	23,710		73,761	72,050	$ 41,343	113,393	187,154	172,136	217,853	177,532
Gross profit	(2,687)		86,748	28,915	16,415	45,330	132,078	169,179	142,652	162,045
Operating expenses:
Selling, general and administrative expense	16,982		15,650	19,679	19,154	38,833	54,483	38,981	74,319	37,747
Amortization expense	8,004		13,738	13,802		27,657	41,395	45,424	55,105	51,458
Founders advisory fees - related party	652,990		(73,713)	(20,465)		(80,313)	(154,026)	0	(117,302)	0
Other operating expense	92		(51)	260		456	405	4,153	465	1,364
Total operating expenses	678,068		(44,376)	13,276	(26,643)	(13,367)	(57,743)	88,558	12,587	90,569
Operating income (loss)	(680,755)		131,124	15,639	43,058	58,697	189,821	80,621	130,065	71,476
Other expense (income):
Interest expense, net	6,352		9,944	12,142		22,638	32,582	39,087	42,585	42,017
Gain on contingent earn-out	198		(3,644)	(9,398)		(9,398)	(13,042)	2,965	(12,706)	0
Unrealized foreign currency loss (gain)	1,006		4,705	3,156		4,036	8,741	4,026	3,462	(5,640)
Other (income) expense, net	(2)		(785)	(200)		(35)	(820)	(222)	(503)	367
Total other expense, net	7,554		10,220	5,700		17,241	27,461	45,856	32,838	36,744
Income (loss) before income taxes	(688,309)		120,904	9,939	31,517	41,456	162,360	34,765	97,227	34,732
Income tax (expense) benefit	6,160		(14,677)	(1,012)	5,446	4,434	(10,243)	(14,136)	(5,469)	(10,483)
Net income (loss)	(682,149)	$ (682,149)	106,227	8,927	36,963	45,890	152,117	20,629	91,758	24,249
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(7,135)		(18,181)	(16,371)		(16,245)	(34,426)	236	(18,336)	4,787
Total comprehensive income (loss)	$ (689,284)		$ 88,046	$ (7,444)	$ 37,089	$ 29,645	$ 117,691	$ 20,865	$ 73,422	$ 29,036
Earnings (loss) per share:
Basic (in usd per share)	$ (4.34)		$ 0.65	$ 0.05	$ 0.23	$ 0.28	$ 0.94	$ 0.39	$ 0.57	$ 0.46
Diluted (in usd per share)	$ (4.34)		$ 0.60	$ 0.05	$ 0.21	$ 0.26	$ 0.86	$ 0.39	$ 0.52	$ 0.46
Weighted average number of ordinary shares outstanding:
Basic (in shares)	157,158,579		162,635,592	162,917,478		161,591,704	161,943,492	53,045,510	160,937,575	53,045,510
Diluted (in shares)	157,158,579		176,777,958	177,059,844		175,734,070	176,085,858	53,045,510	175,079,941	53,045,510
As Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net sales			$ 160,509	$ 100,965		$ 158,723	$ 319,232
Cost of goods sold	$ 20,533		74,707	72,423	$ 44,627	117,050	191,757
Gross profit	490		85,802	28,542	13,131	41,673	127,475
Operating expenses:
Selling, general and administrative expense			22,381	22,614	19,808	42,422	64,803
Amortization expense			13,738	13,802		27,657	41,395
Founders advisory fees - related party			(73,713)	(20,465)		(80,313)	(154,026)
Other operating expense			(51)	260		456	405
Total operating expenses			(37,645)	16,211	(25,989)	(9,778)	(47,423)
Operating income (loss)	(677,578)		123,447	12,331	39,120	51,451	174,898
Other expense (income):
Interest expense, net			9,944	12,142		22,638	32,582
Gain on contingent earn-out			(3,644)	(9,398)		(9,398)	(13,042)
Unrealized foreign currency loss (gain)			4,705	3,156		4,036	8,741
Other (income) expense, net			(785)	(200)		(35)	(820)
Total other expense, net			10,220	5,700		17,241	27,461
Income (loss) before income taxes	(685,132)		113,227	6,631	27,579	34,210	147,437
Income tax (expense) benefit	4,675		(34,516)	592	10,232	10,824	(23,692)
Net income (loss)	(680,457)		78,711	7,223	37,811	45,034	123,745
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments			(18,181)	(16,371)		(16,245)	(34,426)
Total comprehensive income (loss)	$ (687,592)		$ 60,530	$ (9,148)	$ 37,937	$ 28,789	$ 89,319
Earnings (loss) per share:
Basic (in usd per share)	$ (4.33)		$ 0.48	$ 0.04	$ 0.24	$ 0.28	$ 0.76
Diluted (in usd per share)	$ (4.33)		$ 0.45	$ 0.04	$ 0.22	$ 0.26	$ 0.70
Weighted average number of ordinary shares outstanding:
Basic (in shares)			162,635,592	162,917,478		161,591,704	161,943,492
Diluted (in shares)			176,777,958	177,059,844		175,734,070	176,085,858
Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net sales			$ 0	$ 0		$ 0	$ 0
Cost of goods sold	$ 3,177		(946)	(373)	$ (3,284)	(3,657)	(4,603)
Gross profit	(3,177)		946	373	3,284	3,657	4,603
Operating expenses:
Selling, general and administrative expense			(6,731)	(2,935)	(654)	(3,589)	(10,320)
Amortization expense			0	0		0	0
Founders advisory fees - related party			0	0		0	0
Other operating expense			0	0		0	0
Total operating expenses			(6,731)	(2,935)	(654)	(3,589)	(10,320)
Operating income (loss)	(3,177)		7,677	3,308	3,938	7,246	14,923
Other expense (income):
Interest expense, net			0	0		0	0
Gain on contingent earn-out			0	0		0	0
Unrealized foreign currency loss (gain)			0	0		0	0
Other (income) expense, net			0	0		0	0
Total other expense, net			0	0		0	0
Income (loss) before income taxes	(3,177)		7,677	3,308	3,938	7,246	14,923
Income tax (expense) benefit	1,485		19,839	(1,604)	(4,786)	(6,390)	13,449
Net income (loss)	(1,692)		27,516	1,704	(848)	856	28,372
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments			0	0		0	0
Total comprehensive income (loss)	$ (1,692)		$ 27,516	$ 1,704	$ (848)	$ 856	$ 28,372
Earnings (loss) per share:
Basic (in usd per share)	$ (0.01)		$ 0.17	$ 0.01	$ (0.01)	$ 0	$ 0.18
Diluted (in usd per share)	$ (0.01)		$ 0.15	$ 0.01	$ (0.01)	$ 0	$ 0.16
Weighted average number of ordinary shares outstanding:
Basic (in shares)			0	0		0	0
Diluted (in shares)			0	0		0	0

RESTATEMENT OF PREVIOUSLY ISS_6

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Condensed Consolidated Statements of Shareholders' Equity (Details) - USD ($) $ in Thousands	2 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			162,637,029		157,237,435	157,237,435	157,237,435		157,237,435
Beginning balance	$ 252,443	$ 1,476,881	$ 1,128,963	$ 1,137,982	$ 1,081,618	$ 1,081,618	$ 1,081,618	$ 291,422	$ 1,081,618	$ 262,386
Beginning balance (in shares)			597,513		0	0	0		0
Share-based compensation		290,846	$ (845)	3,433	$ 4,963			156	$ 14,649
Ordinary shares repurchased (in shares)									6,436,736
Ordinary shares repurchased			(2,564)	(5,008)					$ (49,341)
Net income (loss)	$ (682,149)	(682,149)	106,227	8,927	36,963	$ 45,890	$ 152,117	20,629	91,758	24,249
Other comprehensive loss		$ (7,135)	$ (18,181)	$ (16,371)				236	$ (18,336)	4,787
Ending balance (in shares)	157,237,435	157,237,435	162,316,326	162,637,029		162,637,029	162,316,326		156,797,806
Ending balance	$ 1,081,618	$ 1,081,618	$ 1,213,600	$ 1,128,963	$ 1,137,982	$ 1,128,963	$ 1,213,600	$ 252,443	$ 1,138,900	$ 291,422
Ending balance (in shares)	0	0	918,216	597,513		597,513	918,216		6,436,736
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	53,045,510	156,937,410	163,234,542,000	163,234,542,000	157,237,435	157,237,435	157,237,435	53,045,510	157,237,435	53,045,510
Beginning balance	$ 53,046	$ 156,937	$ 163,235	$ 163,235	$ 157,237	$ 157,237	$ 157,237	$ 53,046	$ 157,237	$ 53,046
Ending balance (in shares)	157,237,435	157,237,435	163,234,542,000	163,234,542,000	163,234,542,000	163,234,542,000	163,234,542,000	53,045,510	163,234,542	53,045,510
Ending balance	$ 157,237	$ 157,237	$ 163,235	$ 163,235	$ 163,235	$ 163,235	$ 163,235	$ 53,046	$ 163,235	$ 53,046
Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 0	$ 0	$ (5,008)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Beginning balance (in shares)	0	0	597,513,000	0	0	0	0	0	0	0
Ordinary shares repurchased (in shares)			320,703,000	597,513,000					6,436,736
Ordinary shares repurchased			$ (2,564)	$ (5,008)					$ (49,341)
Ending balance	$ 0	$ 0	$ (7,572)	$ (5,008)	$ 0	$ (5,008)	$ (7,572)	$ 0	$ (49,341)	$ 0
Ending balance (in shares)	0	0	918,216,000	597,513,000	0	597,513,000	918,216,000	0	6,436,736	0
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 229,500	$ 1,376,312	$ 1,686,743	$ 1,683,310	$ 1,670,033	$ 1,670,033	$ 1,670,033	$ 289,344	$ 1,670,033	$ 289,344
Share-based compensation		290,846	(845)	3,433	4,963			156	14,649
Net income (loss)					0
Ending balance	1,670,033	1,670,033	1,685,898	1,686,743	1,683,310	1,686,743	1,685,898	229,500	1,698,781	289,344
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(2,938)	0	(23,380)	(7,009)	(7,135)	(7,135)	(7,135)	(3,174)	(7,135)	(7,961)
Other comprehensive loss		(7,135)	(18,181)	(16,371)				236	(18,336)	4,787
Ending balance	(7,135)	(7,135)	(41,561)	(23,380)	(7,009)	(23,380)	(41,561)	(2,938)	(25,471)	(3,174)
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(27,165)	(56,368)	(692,627)	(701,554)	(738,517)	(738,517)	(738,517)	(47,794)	(738,517)	(72,043)
Share-based compensation					0
Net income (loss)	(682,149)	(682,149)	106,227	8,927	36,963			20,629	91,758	24,249
Ending balance	(738,517)	(738,517)	(586,400)	(692,627)	(701,554)	(692,627)	(586,400)	$ (27,165)	(648,304)	$ (47,794)
As Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			1,133,868	1,141,283	1,083,310	1,083,310	1,083,310		1,083,310
Share-based compensation			6,832	6,741	5,724
Ordinary shares repurchased			(2,564)	(5,008)
Net income (loss)	(680,457)		78,711	7,223	37,811	45,034	123,745
Other comprehensive loss			(18,181)	(16,371)
Ending balance	1,083,310	1,083,310	$ 1,198,666	$ 1,133,868	$ 1,141,283	$ 1,133,868	$ 1,198,666
As Reported | Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			163,234,542,000	163,234,542,000
Beginning balance			$ 163,235	$ 163,235
Ending balance (in shares)			163,234,542,000	163,234,542,000	163,234,542,000	163,234,542,000	163,234,542,000
Ending balance			$ 163,235	$ 163,235	$ 163,235	$ 163,235	$ 163,235
As Reported | Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ (5,008)	$ 0
Beginning balance (in shares)			597,513,000	0
Ordinary shares repurchased (in shares)			320,703,000	597,513,000
Ordinary shares repurchased			$ (2,564)	$ (5,008)
Ending balance			$ (7,572)	$ (5,008)	$ 0	$ (5,008)	$ (7,572)
Ending balance (in shares)			918,216,000	597,513,000	0	597,513,000	918,216,000
As Reported | Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 1,690,812	$ 1,684,071	$ 1,670,033	$ 1,670,033	$ 1,670,033		1,670,033
Share-based compensation			6,832	6,741	5,724
Net income (loss)					0
Ending balance	1,670,033	1,670,033	1,697,644	1,690,812	1,684,071	1,690,812	1,697,644
As Reported | Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(23,380)	(7,009)
Other comprehensive loss			(18,181)	(16,371)
Ending balance			(41,561)	(23,380)	(7,009)	(23,380)	(41,561)
As Reported | Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(691,791)	(699,014)	(736,825)	(736,825)	(736,825)		(736,825)
Share-based compensation					0
Net income (loss)	(680,457)		78,711	7,223	37,811
Ending balance	(736,825)	(736,825)	(613,080)	(691,791)	(699,014)	(691,791)	(613,080)
Adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(4,905)	(3,301)	(1,692)	(1,692)	(1,692)		(1,692)
Share-based compensation			(7,677)	(3,308)	(761)
Net income (loss)	(1,692)		27,516	1,704	(848)	856	28,372
Ending balance	(1,692)	(1,692)	$ 14,934	$ (4,905)	$ (3,301)	$ (4,905)	$ 14,934
Adjustment | Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			0	0
Beginning balance			$ 0	$ 0
Ending balance (in shares)			0	0	0	0	0
Ending balance			$ 0	$ 0	$ 0	$ 0	$ 0
Adjustment | Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 0	$ 0
Beginning balance (in shares)			0	0
Ending balance			$ 0	$ 0	$ 0	$ 0	$ 0
Ending balance (in shares)			0	0	0	0	0
Adjustment | Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ (4,069)	$ (761)	$ 0	$ 0	$ 0		0
Share-based compensation			(7,677)	(3,308)	(761)
Net income (loss)					0
Ending balance	0	0	(11,746)	(4,069)	(761)	(4,069)	(11,746)
Adjustment | Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0	0
Ending balance			0	0	0	0	0
Adjustment | Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(836)	(2,540)	(1,692)	(1,692)	(1,692)		$ (1,692)
Share-based compensation					0
Net income (loss)	(1,692)		27,516	1,704	(848)
Ending balance	$ (1,692)	$ (1,692)	$ 26,680	$ (836)	$ (2,540)	$ (836)	$ 26,680

RESTATEMENT OF PREVIOUSLY ISS_7

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	2 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2021	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Sep. 30, 2022	Nov. 08, 2021	Dec. 31, 2022	Dec. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ (682,149)	$ (682,149)	$ 106,227	$ 8,927	$ 36,963	$ 45,890	$ 152,117	$ 20,629	$ 91,758	$ 24,249
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Founders advisory fees - related party (change in accounting fair value)	0					(80,313)	(154,026)	0	(117,302)	0
Depreciation and amortization expense	9,379					33,086	49,536	52,000	65,795	58,117
Interest and payment-in-kind on preferred shares	944					3,268	4,903	0	6,537	0
Share-based compensation	4,821				4,963	8,396	7,551	156	14,649	0
Deferred income taxes	(2,155)				843	(129)	(20,488)	(11,244)	(17,000)	(2,684)
Amortization of deferred financing costs	224					793	1,196	14,592	1,602	3,471
Amortization of acquisition related inventory step-up	6,125				6,122	24,138	24,796	0	24,796	0
Gain on contingent earn-out	198		(3,644)	(9,398)		(9,398)	(13,042)	2,965	(12,706)	0
Unrealized loss (gain) on foreign currency	1,006		4,705	3,156		4,036	8,741	4,026	3,462	(5,640)
Loss on disposal of assets	0					9	9	0	9	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	27,977					(44,477)	(63,838)	(28,872)	(6,190)	11,734
Inventories	(13,259)					(41,431)	(40,759)	(10,201)	(61,934)	11,170
Income tax receivable					(5,968)	(10,611)
Prepaid expenses and other current assets	(5,230)					7,301	9,058	(9,426)	1,922	(9,948)
Accounts payable	8,194					15,834	4,975	10,108	9,696	(9,608)
Deferred revenue	332					4,991	889	(149)	(383)	0
Income taxes payable, net	(8,985)						23,271	18,835	8,920	(5,860)
Accrued expenses and other current liabilities	436					2,789	15,547	146	(647)	(5,572)
Founders advisory fees - related party (cash settled)	365,789					(53,547)	(53,547)	0	(53,547)	0
Other liabilities	3,458					24	(73)	3,542	73	918
Net cash (used in) provided by operating activities	4,359					(89,351)	(43,184)	67,991	(40,172)	70,826
Cash flows from investing activities:
Purchase of property and equipment	(1,468)					(4,006)	(6,024)	(8,282)	(8,613)	(7,497)
Purchase price adjustment under Business Combination Agreement	0					(1,638)	(1,638)	0	(1,638)	0
Net cash used in investing activities	(1,210,623)					(5,644)	(7,662)	(15,746)	(10,251)	(9,467)
Cash flows from financing activities:
Ordinary shares repurchased	0					(5,008)	(7,572)	0	(49,341)	0
Proceeds from exercise of warrants	0					529	529	0	529	0
Net cash used in financing activities	(697,221)					(4,479)	(7,043)	(64,210)	(48,812)	(45,610)
Effect of foreign currency on cash and cash equivalents	(738)					(578)	(1,409)	435	431	(3,093)
Net change in cash and cash equivalents	(1,904,223)					(100,052)	(59,298)	(11,530)	(98,804)	12,656
Cash and cash equivalents, beginning of period	10,948	2,129,777	125,502		225,554	225,554	225,554	22,478	225,554	9,822
Cash and cash equivalents, end of period	225,554	225,554	166,256	125,502		125,502	166,256	10,948	126,750	22,478
Supplemental disclosures of cash flow information:
Cash paid for interest	174					17,919	18,299	24,559	35,488	45,441
Cash paid for income taxes	4,517					6,572	7,588	7,092	13,488	19,336
Non-cash investing and financing activities:
Liability portion of founders advisory fees - related party reclassified to additional paid in capital	0					13,783	13,783	$ 0	19,568	$ 0
As Reported
Cash flows from operating activities:
Net income (loss)	(680,457)		78,711	7,223	37,811	45,034	123,745
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Founders advisory fees - related party (change in accounting fair value)						(80,313)	(154,026)
Depreciation and amortization expense						33,086	49,536
Interest and payment-in-kind on preferred shares						3,268	4,903
Share-based compensation					5,724	12,465	19,297
Deferred income taxes	(670)				6,239	7,648	(72,441)
Amortization of deferred financing costs						793	1,196
Amortization of acquisition related inventory step-up	2,948				9,299	27,315	27,973
Gain on contingent earn-out			(3,644)	(9,398)		(9,398)	(13,042)
Unrealized loss (gain) on foreign currency			4,705	3,156		4,036	8,741
Loss on disposal of assets						9	9
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable						(44,477)	(63,838)
Inventories						(41,431)	(40,759)
Income tax receivable					(16,150)	(24,778)
Prepaid expenses and other current assets						7,301	9,058
Accounts payable						15,834	4,975
Deferred revenue						4,991	889
Income taxes payable, net							88,673
Accrued expenses and other current liabilities						2,789	15,547
Founders advisory fees - related party (cash settled)						(53,547)	(53,547)
Other liabilities						24	(73)
Net cash (used in) provided by operating activities						(89,351)	(43,184)
Cash flows from investing activities:
Purchase of property and equipment						(4,006)	(6,024)
Purchase price adjustment under Business Combination Agreement						(1,638)	(1,638)
Net cash used in investing activities						(5,644)	(7,662)
Cash flows from financing activities:
Ordinary shares repurchased						(5,008)	(7,572)
Proceeds from exercise of warrants						529	529
Net cash used in financing activities						(4,479)	(7,043)
Effect of foreign currency on cash and cash equivalents						(578)	(1,409)
Net change in cash and cash equivalents						(100,052)	(59,298)
Cash and cash equivalents, beginning of period			125,502		225,554	225,554	225,554		225,554
Cash and cash equivalents, end of period	225,554	225,554	166,256	125,502		125,502	166,256
Supplemental disclosures of cash flow information:
Cash paid for interest						17,919	18,299
Cash paid for income taxes						6,572	7,588
Non-cash investing and financing activities:
Liability portion of founders advisory fees - related party reclassified to additional paid in capital						13,783	13,783
Adjustment
Cash flows from operating activities:
Net income (loss)	(1,692)		27,516	1,704	(848)	856	28,372
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Founders advisory fees - related party (change in accounting fair value)						0	0
Depreciation and amortization expense						0	0
Interest and payment-in-kind on preferred shares						0	0
Share-based compensation					(761)	(4,069)	(11,746)
Deferred income taxes	(1,485)				(5,396)	(7,777)	51,953
Amortization of deferred financing costs						0	0
Amortization of acquisition related inventory step-up	3,177				(3,177)	(3,177)	(3,177)
Gain on contingent earn-out			0	0		0	0
Unrealized loss (gain) on foreign currency			0	0		0	0
Loss on disposal of assets						0	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable						0	0
Inventories						0	0
Income tax receivable					10,182	14,167
Prepaid expenses and other current assets						0	0
Accounts payable						0	0
Deferred revenue						0	0
Income taxes payable, net							(65,402)
Accrued expenses and other current liabilities						0	0
Founders advisory fees - related party (cash settled)						0	0
Other liabilities						0	0
Net cash (used in) provided by operating activities						0	0
Cash flows from investing activities:
Purchase of property and equipment						0	0
Purchase price adjustment under Business Combination Agreement						0	0
Net cash used in investing activities						0	0
Cash flows from financing activities:
Ordinary shares repurchased						0	0
Proceeds from exercise of warrants
Net cash used in financing activities						0	0
Effect of foreign currency on cash and cash equivalents						0	0
Net change in cash and cash equivalents						0	0
Cash and cash equivalents, beginning of period			0		$ 0	0	0		$ 0
Cash and cash equivalents, end of period	$ 0	$ 0	$ 0	$ 0		0	0
Supplemental disclosures of cash flow information:
Cash paid for interest						0	0
Cash paid for income taxes						0	0
Non-cash investing and financing activities:
Liability portion of founders advisory fees - related party reclassified to additional paid in capital						$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event	Jan. 13, 2023
Subsequent Event [Line Items]
Annual base salary multiplier for severance	1.25
COBRA continuation coverage period	15 months