NN (NNBR) 10-Q2 Nov 222022 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2022	Oct. 26, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	000-23486
Entity Registrant Name	NN, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	62-1096725
Entity Address, Address Line One	6210 Ardrey Kell Road, Suite 600
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28277
City Area Code	980
Local Phone Number	264-4300
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	NNBR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,869,135
Entity Central Index Key	0000918541
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 127,297	$ 117,244	$ 380,726	$ 367,205
Cost of sales (exclusive of depreciation and amortization shown separately below)	108,033	98,642	316,500	298,127
Selling, general, and administrative expense	10,205	12,181	38,453	40,341
Depreciation and amortization	11,193	11,605	33,962	34,860
Other operating expense (income), net	(17)	(572)	1,862	(901)
Loss from operations	(2,117)	(4,612)	(10,051)	(5,222)
Interest expense	3,746	3,578	10,673	9,175
Loss on extinguishment of debt and write-off of debt issuance costs	0	0	0	2,390
Derivative payments on interest rate swap	0	0	0	1,717
Other expense (income), net	(1,156)	(4,346)	(4,219)	(2,788)
Loss before benefit (provision) for income taxes and share of net income from joint venture	(4,707)	(3,844)	(16,505)	(17,749)
Benefit (provision) for income taxes	1,068	(375)	(1,514)	612
Share of net income from joint venture	1,424	842	3,935	3,456
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total	(2,215)	(3,377)	(14,084)	(13,681)
Net loss	(2,215)	(3,377)	(14,084)	(13,681)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(7,653)	(2,612)	(13,543)	(1,550)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	904	(176)	2,464	(176)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	(116)	22	(51)	2,873
Other Comprehensive Income (Loss), Net of Tax, Total	(6,865)	(2,766)	(11,130)	1,147
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total	$ (9,080)	$ (6,143)	$ (25,214)	$ (12,534)
Earnings Per Share, Basic [Abstract]
Net loss per common share (in dollars per shares)	$ (0.11)	$ (0.13)	$ (0.49)	$ (0.75)
Weighted average common shares outstanding, basic (in shares)	44,711	44,455	44,670	43,862
Earnings Per Share, Diluted [Abstract]
Net loss per common share (in dollars per share)	$ (0.11)	$ (0.13)	$ (0.49)	$ (0.75)
Weighted average common shares outstanding, diluted (in shares)	44,711	44,455	44,670	43,862
Gain (Loss) on Derivative Instruments, Net, Pretax	$ 0	$ 0	$ 0	$ 2,033

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets, Current [Abstract]
Cash and cash equivalents	$ 12,551	$ 28,656
Accounts receivable, net of allowances of $1,476 and $1,352 at September 30, 2022 and December 31, 2021, respectively	83,496	71,419
Inventories	84,172	75,027
Income tax receivable	11,104	11,808
Other current assets	12,768	9,372
Total current assets	204,091	196,282
Property, plant and equipment, net of accumulated depreciation of $214,254 and $197,936 at September 30, 2022 and December 31, 2021, respectively	195,084	209,105
Operating lease right-of-use assets	46,164	46,443
Intangible assets, net	77,958	88,718
Investment in joint venture	28,193	34,045
Deferred tax assets	375	314
Other non-current assets	5,750	4,194
Total assets	557,615	579,101
Liabilities, Current [Abstract]
Accounts payable	45,107	36,710
Accrued salaries, wages and benefits	13,024	17,739
Income tax payable	902	2,072
Current maturities of long-term debt	3,150	3,074
Current portion of operating lease liabilities	5,033	5,704
Other current liabilities	11,351	8,718
Total current liabilities	78,567	74,017
Deferred tax liabilities	6,408	7,456
Long-term debt, net of current portion	154,351	151,052
Operating lease liabilities, net of current portion	51,102	51,295
Other non-current liabilities	10,635	17,289
Total liabilities	301,063	301,109
Commitments and contingencies (Note 9)
Common stock - $0.01 par value per share, 90,000 shares authorized, 43,882 and 43,027 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	439	430
Additional paid-in capital	470,543	474,757
Accumulated deficit	(233,184)	(219,100)
Accumulated other comprehensive loss	(43,032)	(31,902)
Total stockholders’ equity	194,766	224,185
Total liabilities, preferred stock, and stockholders’ equity	557,615	579,101
Series D Preferred Stock
Liabilities, Current [Abstract]
Series D perpetual preferred stock - $0.01 par value per share, 65 shares authorized, issued and outstanding at September 30, 2022 and December 31, 2021, respectively	$ 61,786	$ 53,807

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current	$ 1,476	$ 1,352
Property, Plant, and Equipment, Accumulated Depreciation	$ 214,254	$ 197,936
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	90,000	90,000
Common stock, shares issued (in shares)	43,882	43,027
Common stock, shares outstanding (in shares)	43,882	43,027
Series D Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	65	65
Preferred stock, shares issued (in shares)	65	65
Preferred stock, shares outstanding (in shares)	65	65

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning balance (in shares) at Dec. 31, 2020		42,686
Beginning balance at Dec. 31, 2020	$ 254,152	$ 427	$ 493,332	$ (205,875)	$ (33,732)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(13,681)			(13,681)
Dividends, Preferred Stock, Paid-in-kind	(19,054)		(19,054)
Shares issues for option exercises (in shares)		6
Shares issued for option exercises	48		48
Share-based compensation expense (in shares)		394
Share-based compensation expense	2,917	$ 4	2,913
Restricted shares forgiven for taxes (in shares)		52
Restricted shares forgiven for taxes	(363)	$ (1)	(362)
Change in estimate of share-based award vesting	(337)		(337)
Change in fair value of interest rate swap, net of tax	(176)				(176)
Reclassification of interest rate swap settlement to net income (loss), net of tax	2,873				2,873
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(1,550)				(1,550)
Ending balance (in shares) at Sep. 30, 2021		43,034
Ending balance at Sep. 30, 2021	224,829	$ 430	476,540	(219,556)	(32,585)
Beginning balance (in shares) at Jun. 30, 2021		43,034
Beginning balance at Jun. 30, 2021	232,355	$ 430	477,923	(216,179)	(29,819)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(3,377)			(3,377)
Dividends, Preferred Stock, Paid-in-kind	(2,314)		(2,314)
Share-based compensation expense (in shares)		0
Share-based compensation expense	931	$ 0	931
Change in fair value of interest rate swap, net of tax	(176)				(176)
Reclassification of interest rate swap settlement to net income (loss), net of tax	22				22
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(2,612)				(2,612)
Ending balance (in shares) at Sep. 30, 2021		43,034
Ending balance at Sep. 30, 2021	224,829	$ 430	476,540	(219,556)	(32,585)
Beginning balance (in shares) at Dec. 31, 2021		43,027
Beginning balance at Dec. 31, 2021	224,185	$ 430	474,757	(219,100)	(31,902)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(14,084)			(14,084)
Dividends, Preferred Stock, Paid-in-kind	(7,979)		(7,979)
Share-based compensation expense (in shares)		886
Share-based compensation expense	4,546	$ 9	4,537
Restricted shares forgiven for taxes (in shares)		31
Restricted shares forgiven for taxes	(88)	$ 0	(88)
Change in estimate of share-based award vesting	(684)		(684)
Change in fair value of interest rate swap, net of tax	2,464				2,464
Reclassification of interest rate swap settlement to net income (loss), net of tax	(51)				(51)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(13,543)				(13,543)
Ending balance (in shares) at Sep. 30, 2022		43,882
Ending balance at Sep. 30, 2022	194,766	$ 439	470,543	(233,184)	(43,032)
Beginning balance (in shares) at Jun. 30, 2022		43,884
Beginning balance at Jun. 30, 2022	206,322	$ 439	473,019	(230,969)	(36,167)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(2,215)			(2,215)
Dividends, Preferred Stock, Paid-in-kind	(2,783)		(2,783)
Share-based compensation expense (in shares)		(2)
Share-based compensation expense	991	$ 0	991
Adjustments To Additional Paid In Capital, Adjustments To Performance Shares Vesting Estimates	(684)		(684)
Change in fair value of interest rate swap, net of tax	904				904
Reclassification of interest rate swap settlement to net income (loss), net of tax	(116)				(116)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(7,653)				(7,653)
Ending balance (in shares) at Sep. 30, 2022		43,882
Ending balance at Sep. 30, 2022	$ 194,766	$ 439	$ 470,543	$ (233,184)	$ (43,032)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Change in fair value of interest rate swap, tax	$ 241	$ 53	$ 655	$ 53
Reclassification of interest rate swap settlement, tax	$ (30)	$ 7	$ (13)	$ 868

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net loss	$ (14,084)	$ (13,681)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	33,962	34,860
Amortization of debt issuance costs and discount	1,021	1,049
Loss on extinguishment of debt and write-off of debt issuance costs	0	2,390
Total derivative gain, net of cash settlements	(4,858)	(856)
Share of net income from joint venture, net of cash dividends received	2,310	(3,456)
Share-based compensation expense	3,862	2,580
Deferred income taxes	(1,831)	(3,720)
Other	(3,096)	(1,834)
Changes in operating assets and liabilities:
Accounts receivable	(15,667)	136
Inventories	(11,314)	(13,252)
Accounts payable	9,827	7,982
Income taxes receivable and payable, net	(403)	(5,171)
Other	(2,400)	(1,336)
Net cash provided by (used in) operating activities	(2,671)	5,691
Cash flows from investing activities
Acquisition of property, plant and equipment	(14,011)	(14,556)
Proceeds from sale of property, plant, and equipment	460	1,177
Cash paid for post-closing adjustments on sale of business	0	(3,880)
Cash settlements of interest rate swap	0	(15,420)
Net cash used in investing activities	(13,551)	(32,679)
Cash flows from financing activities
Cash paid for debt issuance costs	(136)	(7,360)
Proceeds from issuance of preferred stock	0	61,793
Redemption of preferred stock	0	(122,434)
Proceeds from long-term debt	32,000	166,000
Repayments of long-term debt	(28,158)	(88,058)
Repayments of short-term debt, net	0	(1,563)
Other	(2,265)	(3,859)
Net cash provided by financing activities	1,441	4,519
Effect of exchange rate changes on cash flows	(1,324)	(1,058)
Net change in cash and cash equivalents	(16,105)	(23,527)
Cash and cash equivalents at beginning of period	28,656	48,138
Cash cash equivalents at end of period	$ 12,551	$ 24,611

Interim Financial Statements

Interim Financial Statements	9 Months Ended
Interim Financial Statements	Sep. 30, 2022
Quarterly Financial Information Disclosure [Abstract]
Interim Financial Statements	Interim Financial Statements Nature of Business NN, Inc. is a global diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies primarily for the automotive, general industrial, electrical, aerospace, defense, and medical markets. As used in this Quarterly Report on Form 10-Q (this “Quarterly Report”), the terms “NN,” the “Company,” “we,” “our,” or “us” refer to NN, Inc., and its subsidiaries. Basis of Presentation The accompanying condensed consolidated financial statements have not been audited. The Condensed Consolidated Balance Sheet as of December 31, 2021, was derived from the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”), which we filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 11, 2022. In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to fairly state our results of operations for the three and nine months ended September 30, 2022 and 2021; financial position as of September 30, 2022 and December 31, 2021; and cash flows for the nine months ended September 30, 2022 and 2021, on a basis consistent with our audited consolidated financial statements. These adjustments are of a normal recurring nature and are, in the opinion of management, necessary to state fairly the Company’s financial position and operating results for the interim periods. Certain prior period amounts have been reclassified to conform to the current year’s presentation. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted from the unaudited condensed consolidated financial statements presented in this Quarterly Report. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes included in the 2021 Annual Report. The results for the three and nine months ended September 30, 2022, are not necessarily indicative of results for the year ending December 31, 2022, or any other future periods. Except for per share data or as otherwise indicated, all U.S. dollar amounts and share counts presented in the tables in these Notes to Condensed Consolidated Financial Statements are in thousands. Accounting Standards Recently Adopted In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. Specifically, ASU 2020-06 simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. In addition, ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for the exception. Further, for the diluted earnings-per-share calculation, the new guidance requires entities to use the if-converted method for all convertible instruments and generally requires entities to include the effect of share settlement for instruments that may be settled in cash or shares, among other things. The adoption of ASU 2020-06 effective January 1, 2022 did not have a material impact on our consolidated financial statements and related disclosures. In May 2021, the FASB issued ASU 2021-04, Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (“ASU 2021-04”), which clarifies the accounting for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after modification or exchange. Specifically, ASU 2021-04 requires the issuer to treat a modification of an equity-classified warrant as an exchange of the original warrant. The difference between the fair value of the modified warrant and the fair value of the warrant immediately before modification is then recognized as an issuance cost or discount of the related transaction. Since we do not have any equity-classified written call options that would be subject to this guidance, the adoption of ASU 2021-04 did not have any impact on our consolidated financial statements and related disclosures during the nine months ended September 30, 2022. Accounting Standards Not Yet Adopted In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance (“ASU 2021-10”), which requires business entities to provide certain annual disclosures when

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information Our business is aggregated into the following two reportable segments: • Mobile Solutions, which is focused on growth in the automotive and general industrial end markets; and • Power Solutions, which is focused on growth in the electrical, general industrial, automotive, aerospace, defense, and medical end markets. These divisions are considered our two operating segments as each engages in business activities for which it earns revenues and incurs expenses, discrete financial information is available for each, and this is the level at which the chief operating decision maker reviews discrete financial information for purposes of allocating resources and assessing performance. The following tables present results of operations by reportable segment. Mobile Power Corporate Total Three Months Ended September 30, 2022 Net sales $ 76,122 $ 51,124 $ 51 (a) $ 127,297 Income (loss) from operations (474) 2,582 (4,225) (2,117) Interest expense (3,746) Other 1,156 Loss from operations before income taxes and share of net income from joint venture $ (4,707) Three Months Ended September 30, 2021 Net sales $ 68,586 $ 48,680 $ (22) (a) $ 117,244 Income (loss) from operations (257) 1,252 (5,607) (4,612) Interest expense (3,578) Other 4,346 Loss from operations before income taxes and share of net income from joint venture $ (3,844) Mobile Power Corporate Total Nine Months Ended September 30, 2022 Net sales $ 225,542 $ 155,184 $ — $ 380,726 Income (loss) from operations 3,224 4,376 (17,651) (10,051) Interest expense (10,673) Other 4,219 Loss from operations before income taxes and share of net income from joint venture $ (16,505) Nine Months Ended September 30, 2021 Net sales $ 220,248 $ 147,026 $ (69) (a) $ 367,205 Income (loss) from operations 8,342 6,559 (20,123) (5,222) Interest expense (9,175) Other (3,352) Loss from operations before income taxes and share of net income from joint venture $ (17,749) _______________________________ (a) Includes elimination of intersegment transactions occurring during the ordinary course of business.

Inventories

Inventories	9 Months Ended
Inventories	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are comprised of the following amounts: September 30, 2022 December 31, 2021 Raw materials $ 32,821 $ 27,221 Work in process 29,349 24,960 Finished goods 22,002 22,846 Total inventories $ 84,172 $ 75,027

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
Intangible Assets, Net	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible Assets, Net The following table shows changes in the carrying amount of intangible assets, net, by reportable segment. Mobile Power Total Balance as of December 31, 2021 $ 25,709 $ 63,009 $ 88,718 Amortization (2,515) (8,245) (10,760) Balance as of September 30, 2022 $ 23,194 $ 54,764 $ 77,958

Investment in Joint Venture

Investment in Joint Venture	9 Months Ended
Investment in Joint Venture	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Venture	Investment in Joint Venture We own a 49% investment in Wuxi Weifu Autocam Precision Machinery Company, Ltd. (the “JV”), a joint venture located in Wuxi, China. The JV is jointly controlled and managed, and we account for it under the equity method. The following table shows changes in our investment in the JV. Balance as of December 31, 2021 $ 34,045 Share of earnings 3,935 Dividends paid by joint venture (6,245) Foreign currency translation loss (3,542) Balance as of September 30, 2022 $ 28,193

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesOur effective tax rate was 22.7% and (9.2)% for the three and nine months ended September 30, 2022, respectively, and (9.8)% and 3.5% for the three and nine months ended September 30, 2021, respectively. The effective tax rates for the three and nine months ended September 30, 2022 differ from the U.S. federal statutory tax rate of 21% primarily due to the accrual of tax on non-permanently reinvested unremitted earnings of foreign subsidiaries and by limitation on the amount of tax benefit recorded for loss carryforwards in certain jurisdictions where we believe it is more likely than not that a portion of the future tax benefit may not be realized. In addition, the effective tax rate was favorably impacted by the recording of interest income on the Company’s federal income tax refund requested as a result of the CARES act.

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt On March 22, 2021, we entered into a new $150.0 million term loan facility (the “Term Loan Facility”) and a new $50.0 million asset backed credit facility (the “ABL Facility”). The following table presents debt balances as of September 30, 2022 and December 31, 2021. September 30, 2022 December 31, 2021 Term Loan Facility $ 147,750 $ 148,875 ABL Facility 6,000 — International lines of credit and other loans 8,436 10,930 Total principal 162,186 159,805 Less-current maturities of long-term debt 3,150 3,074 Principal, net of current portion 159,036 156,731 Less-unamortized debt issuance costs and discount (1) 4,685 5,679 Long-term debt, net of current portion $ 154,351 $ 151,052 _______________________________ (1) In addition to this amount, costs of $0.7 million and $0.7 million related to the ABL Facility were recorded in other non-current assets as of September 30, 2022 and December 31, 2021, respectively. Term Loan Facility Outstanding borrowings under the Term Loan Facility bear interest at either 1) one-month LIBOR (subject to a 1.000% floor) plus an applicable margin of 6.875% or 2) the greater of various benchmark rates plus an applicable margin of 5.875%. At September 30, 2022, the Term Loan Facility bore interest, based on one-month LIBOR, at 9.990%. We have an interest rate swap, which expires in July 2024, that changes the one-month LIBOR to a fixed rate of 1.291% on $60.0 million of the outstanding balance of the Term Loan Facility. The Term Loan Facility requires quarterly principal payments of $0.4 million with the remaining unpaid principal amount due on the final maturity date of September 22, 2026. The Term Loan Facility is collateralized by all of our assets. The Term Loan Facility has a first lien on all assets other than accounts receivable and inventory and has a second lien on accounts receivable and inventory. On March 3, 2022, we amended our Term Loan Facility, which increased the quarterly maximum consolidated net leverage ratio. We were in compliance with all requirements under the Term Loan Facility as of September 30, 2022. The Term Loan Facility was issued at a $3.8 million discount and we capitalized an additional $2.8 million in new debt issuance costs. These costs are recorded as a direct reduction to the carrying amount of the associated long-term debt and amortized over the term of the debt. ABL Facility The ABL Facility provides for a senior secured revolving credit facility in the amount of $50.0 million, of which $30.0 million is available in the form of letters of credit and $5.0 million is available for the issuance of short-term swingline loans. The availability of credit under the ABL Facility is limited by a borrowing base calculation derived from accounts receivable and inventory held in the United States. Outstanding borrowings under the ABL Facility bear interest on a variable rate structure plus an interest rate spread that is based on the average amount of aggregate revolving commitment available. The variable borrowing rate is either 1) LIBOR plus an applicable margin of 1.75% or 2.00%, depending on availability, or 2) the greater of the federal funds rate or prime, plus an applicable margin of 0.75% or 1.00%, depending on availability. We may elect whether to use one-month, three-month, or six-month LIBOR, subject to a 0.50% floor. Interest payments are due monthly on borrowings that utilize one-month LIBOR and quarterly on borrowings that utilize three-month or six-month LIBOR. At September 30, 2022, using one-month LIBOR plus a 1.75% spread, the weighted average interest rate on outstanding borrowings under the ABL Facility was 4.56%. We pay a commitment fee of 0.375% for unused capacity under the ABL Facility and a 1.875% fee on the amount of letters of credit outstanding. The final maturity date of the ABL Facility is March 22, 2026. As of September 30, 2022, we had $6.0 million of outstanding borrowings under the ABL Facility, $11.1 million of outstanding letters of credit, and $32.1 million available for future borrowings under the ABL Facility. The ABL Facility has a first lien on accounts receivable and inventory. We were in compliance with all requirements under the ABL Facility as of September 30, 2022.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2022
Leases [Abstract]
Leases	Leases The following table contains supplemental cash flow information related to leases. Nine Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used in finance leases $ 262 $ 154 Operating cash flows used in operating leases 10,865 10,369 Financing cash flows used in finance leases 2,177 3,545 Right-of-use assets obtained in exchange for new finance lease liabilities 908 1,541 Right-of-use assets obtained in exchange for new operating lease liabilities (1) 3,835 — _______________________________ (1) Includes new leases, renewals, and modifications.
Leases	Leases The following table contains supplemental cash flow information related to leases. Nine Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used in finance leases $ 262 $ 154 Operating cash flows used in operating leases 10,865 10,369 Financing cash flows used in finance leases 2,177 3,545 Right-of-use assets obtained in exchange for new finance lease liabilities 908 1,541 Right-of-use assets obtained in exchange for new operating lease liabilities (1) 3,835 — _______________________________ (1) Includes new leases, renewals, and modifications.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Brazil ICMS Tax Matter Prior to the acquisition of Autocam Corporation (“Autocam”) in 2014, Autocam’s Brazilian subsidiary (“Autocam Brazil”) received notification from the Brazilian tax authority regarding ICMS (state value added tax) tax credits claimed on intermediary materials (e.g., tooling and perishable items) used in the manufacturing process. The Brazilian tax authority notification disallowed state ICMS tax credits claimed on intermediary materials based on the argument that these items are not intrinsically related to the manufacturing processes. Autocam Brazil filed an administrative defense with the Brazilian tax authority arguing, among other matters, that it should qualify for an ICMS tax credit, contending that the intermediary materials are directly related to the manufacturing process. We believe that we have substantial legal and factual defenses, and we plan to defend our interests in this matter vigorously. The matter encompasses several lawsuits filed with the Brazilian courts requesting declaratory actions that no tax is due or seeking a stay of execution on the collection of the tax. In 2018, we obtained a favorable decision in one of the declaratory actions for which the period for appeal has expired. We have filed actions in each court requesting dismissal of the matter based on the earlier court action. In May 2020, we received an unfavorable decision in one of the lawsuits, and as a result have recorded a liability to the Brazilian tax authorities and a receivable from the former shareholders of Autocam for the same amount. Although we anticipate a favorable resolution to the remaining matters, we can provide no assurances that we will be successful in achieving dismissal of all pending cases. The U.S. dollar amount that would be owed in the event of an unfavorable decision is subject to interest, penalties, and currency impacts and therefore is dependent on the timing of the decision. For the remaining open lawsuits, we currently believe the cumulative potential liability in the event of unfavorable decisions on all matters will be less than $5.0 million, inclusive of interest and penalties. We are entitled to indemnification from the former shareholders of Autocam, subject to the limitations and procedures set forth in the agreement and plan of merger relating to the Autocam acquisition. Management believes the indemnification would include amounts owed for the tax, interest, and penalties related to this matter. Accordingly, we do not expect to incur a loss related to this matter even in the event of an unfavorable decision and, therefore, have not accrued an amount for the remaining matters as of September 30, 2022. Securities Offering Matter On November 1, 2019, Erie County Employees’ Retirement System, on behalf of a purported class of plaintiffs, filed a complaint in the Supreme Court of the State of New York, County of New York against us, certain of our current and former officers and directors, and each of the underwriters involved in our public offering and sale of 14.4 million shares of our common stock pursuant to a preliminary prospectus supplement, dated September 10, 2018, a final prospectus supplement, dated September 13, 2018, and a base prospectus, dated April 19, 2017, relating to our effective shelf registration statement on Form S-3 (File No. 333-216737) (the “Offering”). The amended complaint alleges violations of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 in connection with the Offering. On July 25, 2022, the parties filed a Stipulation of Settlement, which is subject to court approval, to settle the securities offering action. Under the terms of the Stipulation of Settlement, the Company and/or its insurance carrier will make a cash payment to the plaintiff in the amount of $9.5 million (the “Settlement Amount”), in exchange for which the Company and the other named defendants will be released from all claims related to the securities offering action. As of September 30, 2022, we have previously paid covered expenses totaling $1.0 million meeting our directors' and officers' retention requirement and therefore the Settlement Amount will be covered and paid by our directors' and officers' insurance carrier. Other Legal Matters On April 25, 2022, we reached an agreement to settle breach of contract claims brought by a former customer regarding the sale of products by us in 2016. Under the agreement, we are paying $1.8 million to the customer in specified installments through July 2023. The $1.8 million settlement is included in the Other operating expense (income), net line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

Preferred Stock and Stockholder

Preferred Stock and Stockholders' Equity	9 Months Ended
Preferred Stock and Stockholders' Equity	Sep. 30, 2022
Temporary Equity Disclosure [Abstract]
Preferred Stock and Stockholders' Equity	Preferred Stock and Stockholders' Equity Series D Perpetual Preferred Stock On March 22, 2021, we completed a private placement of 65 thousand shares of newly designated Series D Perpetual Preferred Stock, with a par value of $0.01 per share (the “Series D Preferred Stock”), at a price of $1,000 per share, together with detachable warrants (the “2021 Warrants”) to purchase up to 1.9 million shares of our common stock at an exercise price of $0.01 per share. The Series D Preferred Stock has an initial liquidation preference of $1,000 per share and is redeemable at our option in cash at a redemption price equal to the liquidation preference then in effect. Series D Preferred Stock shares earn cash dividends at a rate of 10.0% per year, payable quarterly in arrears, accruing whether or not earned or declared. If no cash dividend is paid, then the liquidation preference per share effective on the dividend date increases by 12.0% per year. Beginning March 22, 2026, the cash dividend rate and in-kind dividend rate increase by 2.5% per year. Cash dividends are required beginning on September 30, 2027. The Series D Preferred Stock is classified as mezzanine equity, between liabilities and stockholders’ equity, because certain features of the Series D Preferred Stock could require redemption of the Series D Preferred Stock upon a change of control event that is considered not solely within our control. For initial recognition, the Series D Preferred Stock was recognized at a discounted value, net of issuance costs and allocation to warrants and a bifurcated embedded derivative. The aggregate discount is amortized as a deemed dividend through March 22, 2026, which is the date the dividend rate begins to increase by 2.5% per year. Deemed dividends adjust retained earnings (or in the absence of retained earnings, additional paid-in capital). In accordance with ASC 815-15, Derivatives and Hedging - Embedded Derivatives, certain features of the Series D Preferred Stock were bifurcated and accounted for as derivatives separately. Note 15 discusses the accounting for these features. As of September 30, 2022, the carrying value of the Series D Preferred Stock shares was $61.8 million, which included $15.1 million of accumulated unpaid and deemed dividends. The following table presents the change in the Series D Preferred Stock carrying value during the nine months ended September 30, 2022. Balance as of December 31, 2021 $ 53,807 Accrual of in-kind dividends 6,620 Amortization 1,359 Balance as of September 30, 2022 $ 61,786

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
Revenue from Contracts with Customers	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with CustomersRevenue is recognized when control of the good or service is transferred to the customer either at a point in time or, in limited circumstances, as our services are rendered over time. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or services. During the nine months ended September 30, 2022, we received equipment from a customer as part of the selling price of goods transferred. This noncash consideration was recognized as revenue equal to the fair value of the equipment received. The following tables summarize revenue by customer geographical region. Three Months Ended September 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 35,419 $ 39,579 $ 51 $ 75,049 China 12,839 1,378 — 14,217 Brazil 14,109 137 — 14,246 Mexico 5,185 4,769 — 9,954 Germany 1,432 84 — 1,516 Poland 1,100 2 — 1,102 Other 6,038 5,175 — 11,213 Total net sales $ 76,122 $ 51,124 $ 51 $ 127,297 Three Months Ended September 30, 2021 Mobile Power Intersegment Total United States and Puerto Rico $ 35,812 $ 38,313 $ (22) $ 74,103 China 10,849 749 — 11,598 Brazil 8,951 192 — 9,143 Mexico 4,981 4,627 — 9,608 Germany 1,080 159 — 1,239 Poland 698 3 — 701 Other 6,215 4,637 — 10,852 Total net sales $ 68,586 $ 48,680 $ (22) $ 117,244 Nine Months Ended September 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 109,183 $ 120,442 $ — $ 229,625 China 34,155 3,855 — 38,010 Brazil 36,122 794 — 36,916 Mexico 18,336 13,868 — 32,204 Germany 3,836 219 — 4,055 Poland 3,598 7 — 3,605 Other 20,312 15,999 — 36,311 Total net sales $ 225,542 $ 155,184 $ — $ 380,726 Nine Months Ended September 30, 2021 Mobile Power Intersegment Total United States and Puerto Rico $ 108,534 $ 117,543 $ (69) $ 226,008 China 38,482 3,537 — 42,019 Brazil 28,604 727 — 29,331 Mexico 14,825 12,373 — 27,198 Germany 4,216 419 — 4,635 Poland 2,782 10 — 2,792 Other 22,805 12,417 — 35,222 Total net sales $ 220,248 $ 147,026 $ (69) $ 367,205 The following tables summarize revenue by customer industry. Our products in the automotive industry include high-precision components and assemblies for electric power steering systems, electric braking, electric motors, fuel systems, emissions control, transmissions, moldings, stampings, sensors, and electrical contacts. Our products in the general industrial industry include high-precision metal and plastic components for a variety of industrial applications including diesel industrial motors, heating and cooling systems, fluid power systems, power tools, and more. While many of the industries we serve include electrical components, our products in the residential/commercial electrical industry category in the following tables include components used in smart meters, charging stations, circuit breakers, transformers, electrical contact assemblies, precision stampings, welded contact assemblies, and specification plating and surface finishing. Three Months Ended September 30, 2022 Mobile Power Intersegment Total Automotive $ 51,388 $ 10,822 $ — $ 62,210 General Industrial 19,546 14,751 — 34,297 Residential/Commercial Electrical — 17,025 — 17,025 Other 5,188 8,526 51 13,765 Total net sales $ 76,122 $ 51,124 $ 51 $ 127,297 Three Months Ended September 30, 2021 Mobile Power Intersegment Total Automotive $ 43,486 $ 9,892 $ — $ 53,378 General Industrial 21,396 15,186 — 36,582 Residential/Commercial Electrical — 16,078 — 16,078 Other 3,704 7,524 (22) 11,206 Total net sales $ 68,586 $ 48,680 $ (22) $ 117,244 Nine Months Ended September 30, 2022 Mobile Power Intersegment Total Automotive $ 150,834 $ 30,628 $ — $ 181,462 General Industrial 61,883 47,726 — 109,609 Residential/Commercial Electrical — 52,981 — 52,981 Other 12,825 23,849 — 36,674 Total net sales $ 225,542 $ 155,184 $ — $ 380,726 Nine Months Ended September 30, 2021 Mobile Power Intersegment Total Automotive $ 139,877 $ 29,974 $ — $ 169,851 General Industrial 70,155 45,617 — 115,772 Residential/Commercial Electrical — 47,651 — 47,651 Other 10,216 23,784 (69) 33,931 Total net sales $ 220,248 $ 147,026 $ (69) $ 367,205 Deferred Revenue Deferred revenue relates to payments received in advance of performance under the contract and recognized as revenue as (or when) we perform under the contract. The balance of deferred revenue was $0.6 million and $0.5 million as of September 30, 2022 and December 31, 2021, respectively. Revenue recognized for performance obligations satisfied or partially satisfied during the nine months ended September 30, 2022 included $0.5 million that was included in deferred revenue as of December 31, 2021. Transaction Price Allocated to Future Performance Obligations We are required to disclose the aggregate amount of transaction price that is allocated to performance obligations that have not yet been satisfied as of September 30, 2022, unless our contracts meet one of the practical expedients. Our contracts met the practical expedient for a performance obligation that is part of a contract that has an original expected duration of one year or less.

Shared-Based Compensation

Shared-Based Compensation	9 Months Ended
Shared-Based Compensation	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Shared-Based Compensation	Share-Based Compensation The following table lists the components of share-based compensation expense by type of award, which is recognized in the “Selling, general, and administrative expense” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Three Months Ended Nine Months Ended 2022 2021 2022 2021 Stock options $ 37 $ 59 $ 124 $ 207 Restricted stock 471 521 3,233 1,660 Performance share units 483 351 1,189 1,050 Change in estimate of share-based award vesting (1) (684) — (684) (337) Share-based compensation expense $ 307 $ 931 $ 3,862 $ 2,580 _______________________________ (1) Amounts reflect the decrease in share-based compensation expense based on the change in estimate of the probability of vesting of share-based awards. Stock Options The following table presents stock option activity for the nine months ended September 30, 2022. Number of Options Weighted- Weighted- Aggregate Outstanding at January 1, 2022 621 $ 12.24 Expired (79) 9.71 Outstanding at September 30, 2022 542 $ 12.61 3.6 years $ — (1) Exercisable at September 30, 2022 515 $ 12.77 3.4 years $ — (1) _______________________________ (1) The aggregate intrinsic value is the sum of intrinsic values for each exercisable individual option grant. The intrinsic value is the amount by which the closing market price of our stock at September 30, 2022 was greater than the exercise price of any individual option grant. Restricted Stock During the nine months ended September 30, 2022, we granted 897 thousand shares of restricted stock to non-executive directors, officers and certain other key employees under the NN, Inc. 2019 Omnibus Incentive Plan (“2019 Omnibus Plan”). The shares of restricted stock granted during the nine months ended September 30, 2022, vest pro-rata generally over three years for employees and over one year for non-executive directors. We determined the fair value of the shares awarded by using the closing price of our common stock as of the date of grant. The weighted average grant date fair value of restricted stock granted in the nine months ended September 30, 2022, was $3.31 per share. Total grant date fair value of restricted stock that vested in the nine months ended September 30, 2022, was $2.1 million. The following table presents the status of unvested restricted stock awards as of September 30, 2022 and changes during the nine months then ended. Nonvested Weighted Unvested at January 1, 2022 469 $ 7.28 Granted 897 3.31 Vested (291) 7.05 Forfeited (11) 4.37 Unvested at September 30, 2022 1,064 $ 4.02 Performance Share Units Performance Share Units (“PSUs”) are a form of long-term incentive compensation awarded to executive officers and certain other key employees designed to directly align the interests of employees to the interests of our stockholders, and to create long-term stockholder value. Some PSUs are based on total shareholder return (“TSR Awards”), and other PSUs are based on return on invested capital (“ROIC Awards”). TSR Awards granted in 2022 were made pursuant to the 2019 Omnibus Plan and a Performance Share Unit Agreement (the “2019 Omnibus Agreement”). ROIC Awards granted in 2022 were made pursuant to the NN, Inc. 2022 Omnibus Incentive Plan and a Performance Share Unit Agreement. The TSR Awards vest, if at all, upon our achieving a specified relative total shareholder return, which will be measured against the total shareholder return of a specified index during specified performance periods as defined in the 2019 Omnibus Agreement. The ROIC Awards vest, if at all, upon our achieving a specified average return on invested capital during the performance periods. Each performance period generally begins on January 1 of the year of grant and ends 3 years later on December 31. We recognize compensation expense over the performance period in which the performance and market conditions are measured. If the PSUs do not vest at the end of the performance periods, then the PSUs will expire automatically. Upon vesting, the PSUs will be settled by the issuance of shares of our common stock, subject to the award recipient’s continued employment. The actual number of shares of common stock to be issued to each award recipient at the end of the performance periods will be interpolated between a threshold and maximum payout amount based on actual performance results. No dividends will be paid on outstanding PSUs during the performance period; however, dividend equivalents will be paid based on dividends declared and the number of shares of common stock that are ultimately earned at the end of the performance periods. The following table presents the goals with respect to PSUs granted in 2022. Threshold Target Performance Maximum Performance TSR Awards 25th Percentile 55th Percentile 75th Percentile Threshold Target Performance Maximum Performance ROIC Awards 6.4% 8.6% 10.0% We estimate the grant date fair value of TSR Awards using the Monte Carlo simulation model, as the total shareholder return metric is considered a market condition under ASC Topic 718, Compensation – stock compensation . The grant date fair value of ROIC Awards is based on the closing price of a share of our common stock on the date of grant. The following table presents the status of unvested PSUs as of September 30, 2022 and changes during the nine months then ended. Nonvested TSR Awards Nonvested ROIC Awards Shares Weighted Shares Weighted Nonvested at January 1, 2022 194 $ 9.59 228 $ 8.14 Granted 382 2.53 408 2.62 Nonvested at September 30, 2022 576 $ 4.90 636 $ 4.60

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
Accumulated Other Comprehensive Income	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following tables present the components of accumulated other comprehensive income (loss) (“AOCI”). Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of June 30, 2022 $ (37,906) $ 2,207 $ (468) $ (36,167) Other comprehensive income (loss) before reclassifications (7,653) 1,145 (241) (6,749) Amounts reclassified from AOCI to interest expense (2) — (146) 30 (116) Net other comprehensive income (loss) (7,653) 999 (211) (6,865) Balance as of September 30, 2022 $ (45,559) $ 3,206 $ (679) $ (43,032) Balance as of June 30, 2021 $ (29,819) $ — $ — $ (29,819) Other comprehensive income (loss) before reclassifications (2,612) (229) 53 (2,788) Amounts reclassified from AOCI to interest expense (2) — 29 (7) 22 Net other comprehensive income (loss) (2,612) (200) 46 (2,766) Balance as of September 30, 2021 $ (32,431) $ (200) $ 46 $ (32,585) Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of December 31, 2021 $ (32,016) $ 151 $ (37) $ (31,902) Other comprehensive income (loss) before reclassifications (13,543) 3,119 (655) (11,079) Amounts reclassified from AOCI to interest expense (2) — (64) 13 (51) Net other comprehensive income (loss) (13,543) 3,055 (642) (11,130) Balance as of September 30, 2022 $ (45,559) $ 3,206 $ (679) $ (43,032) Balance as of December 31, 2020 $ (30,881) $ (3,712) $ 861 $ (33,732) Other comprehensive income (loss) before reclassifications (1,550) (229) 53 (1,726) Amounts reclassified from AOCI to interest expense (2) — 29 (7) 22 Amounts reclassified from AOCI to loss on interest rate swap (3) — 3,712 (861) 2,851 Net other comprehensive income (loss) (1,550) 3,512 (815) 1,147 Balance as of September 30, 2021 $ (32,431) $ (200) $ 46 $ (32,585) ______________________ (1) Income tax effect of changes in interest rate swap. (2) Represents interest rate swap settlements of effective hedge. (3) Represents reclassification of derivative loss and settlements after discontinuation of hedge accounting.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	9 Months Ended
Net Income (Loss) Per Common Share	Sep. 30, 2022
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share In accordance with ASC 260, Earnings Per Share, a company that has participating securities is required to utilize the two-class method for calculating earnings per share (“EPS”) unless the treasury stock method results in lower EPS. The two-class method is an allocation of earnings between the holders of common stock and a company’s participating securities. Basic EPS is calculated by dividing income or loss attributable to common stockholders by the weighted average number of shares of common stock outstanding. To calculate diluted EPS, basic EPS is further adjusted to include the effect of potentially dilutive stock options, warrants, and convertible preferred stock. The following table summarizes the computation of basic and diluted net loss per common share. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Net loss $ (2,215) $ (3,377) $ (14,084) $ (13,681) Less: Preferred stock cumulative dividends and deemed dividends (2,783) (2,314) (7,979) (19,054) Numerator for basic and diluted undistributed net loss per common share (1) $ (4,998) $ (5,691) $ (22,063) $ (32,735) Denominator: Weighted average common shares outstanding 43,884 43,034 43,695 42,980 Adjustment for unvested restricted common stock (1,065) (476) (918) (459) Adjustment for 2021 Warrants outstanding (2) 1,892 1,897 1,893 1,341 Shares used to calculate net loss per share, basic and diluted 44,711 44,455 44,670 43,862 Per common share net loss: Basic and diluted net loss per common share $ (0.11) $ (0.13) $ (0.49) $ (0.75) Cash dividends declared per common share $ — $ — $ — $ — _______________________________ (1) Preferred Stock does not participate in losses. (2) Weighted average 2021 Warrants outstanding are included in shares outstanding for calculation of basic earnings per share because they are exercisable at an exercise price of $0.01 per share, subject to certain adjustments (see Note 15). The following table presents securities that could be potentially dilutive in the future that were excluded from the calculation of diluted net loss per common share because they had an anti-dilutive effect. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Options 542 752 563 812 2019 Warrants 1,500 1,500 1,500 1,500 2,042 2,252 2,063 2,312 We have elected to allocate undistributed income to participating securities based on year-to-date results. As there was no undistributed income for the nine months ended September 30, 2022, no such allocation was necessary. In addition, given the undistributed loss in the three and nine months ended September 30, 2022 and 2021, options and the 2019 Warrants are considered anti-dilutive and were excluded from the calculation of diluted net loss per share. Stock options excluded from the calculations of diluted net loss per share had a per share exercise price ranging from $7.93 to $25.16 for the three months ended

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is an exit price representing the expected amount that an entity would receive to sell an asset or pay to transfer a liability in an orderly transaction with market participants at the measurement date. We followed consistent methods and assumptions to estimate fair values as more fully described in the 2021 Annual Report. Fair value principles prioritize valuation inputs across three broad levels. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the assumptions used to measure assets and liabilities at fair value. An asset or liability’s classification within the various levels is determined based on the lowest level input that is significant to the fair value measurement. Our financial instruments that are subject to fair value disclosure consist of cash and cash equivalents, accounts receivable, accounts payable, derivatives, and long-term debt. As of September 30, 2022, the carrying values of these financial instruments approximated fair value. Derivative Financial Instruments Certain features were bifurcated and accounted for separately from the Series B Preferred Stock, which was redeemed in March 2021. The following feature was recorded as a derivative. • Warrants. In conjunction with our placement of the Series B Preferred Stock in December 2019, we issued detachable warrants to purchase up to 1.5 million shares of our common stock (the “2019 Warrants”), which are exercisable, in full or in part, at any time prior to December 11, 2026, at an exercise price of $11.49 per share. Certain features were bifurcated and accounted for separately from the Series D Preferred Stock that was issued on March 22, 2021. The following features were recorded as derivatives. • Change-in-control put feature. The Series D Preferred Stock includes a put feature that allows the holder to redeem the Series D Preferred Stock upon a change in control at the greater of 1) the liquidation preference plus accrued dividends or 2) 140% of the liquidation preference. The put feature is considered a redemption right at a premium and is not clearly and closely related to the debt host. • Warrants. In conjunction with our placement of the Series D Preferred Stock, we issued detachable warrants to purchase up to 1.9 million shares of our common stock. The 2021 Warrants are exercisable, in full or in part, at any time prior to March 22, 2027, at an exercise price of $0.01 per share, subject to anti-dilution adjustments in the event of certain future equity issuances, stock splits, stock dividends, combinations or similar events. The following tables show the liabilities measured at fair value for the Preferred Stock derivatives as of September 30, 2022 and December 31, 2021. Fair Value Measurements as of September 30, 2022 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative liability - other non-current liabilities 3,230 — 136 Fair Value Measurements as of December 31, 2021 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative liability - other non-current liabilities 7,771 — 453 The following table presents the change in the Preferred Stock derivatives during the nine months ended September 30, 2022. Balance as of December 31, 2021 $ 8,224 Change in fair value (1) (4,858) Balance as of September 30, 2022 $ 3,366 _______________________________ (1) Changes in the fair value are recognized in the “Other expense (income), net” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The fair value of the change-in-control put feature utilizes unobservable inputs based on the Company’s assessment of the probability of a change-in-control event occurring in a future period. The probability of a change-in-control event ranged from 3% to 10% as of September 30, 2022. The fair value of the 2019 Warrants is determined using a valuation model that utilizes unobservable inputs to determine the probability that the 2019 Warrants will remain outstanding for future periods. The probabilities resulted in a weighted average term of 2.9 years as of September 30, 2022, and 3.6 years as of December 31, 2021. The fair value of the 2021 Warrants is determined using the observable market price of a share of our common stock, less the $0.01 per share exercise price. Interest Rate Swaps We manage our exposure to fluctuations in interest rates using a mix of fixed and variable rate debt. We utilize fixed-rate interest rate swap agreements to change the variable interest rate to a fixed rate on a portion of our variable rate debt. On July 22, 2021, we entered into a fixed-rate interest rate swap agreement to change the LIBOR-based component of the interest rate on a portion of our variable rate debt to a fixed rate of 1.291% (the “2021 Swap”). The 2021 Swap has a notional amount of $60.0 million and a maturity date of July 31, 2024. The objective of the 2021 Swap is to eliminate the variability of cash flows in interest payments on the first $60.0 million of variable rate debt attributable to changes in benchmark one-month LIBOR interest rates. The hedged risk is the interest rate risk exposure to changes in interest payments, attributable to changes in benchmark one-month LIBOR interest rates over the interest rate swap term. The changes in cash flows of the interest rate swap are expected to exactly offset changes in cash flows of the variable rate debt. We designated the 2021 Swap as a cash flow hedge at inception. Cash settlements of the 2021 Swap are recognized in interest expense. On February 8, 2019, we entered into a $700.0 million fixed-rate interest rate swap agreement that changed the LIBOR-based portion of the interest rate on a portion of our variable rate debt to a fixed rate of 2.4575% (the “2019 Swap”). On March 22, 2021, we terminated the 2019 Swap with a $13.7 million cash payment in connection with the extinguishment of our previously outstanding long-term variable-rate debt. The 2019 Swap was designated as a cash flow hedge at inception. However, in the fourth quarter of 2020, the 2019 Swap no longer qualified as an effective hedge, and subsequent changes in fair value of the 2019 Swap were recognized in earnings. Amounts recognized in earnings related to the 2019 Swap are recorded in the “Loss on interest rate swap” line on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) except that cash settlements prior to termination are recognized in “Derivative payments on interest rate swap.” Cash settlements during 2021 are presented in investing activities on the Condensed Consolidated Statements of Cash Flows. The following table presents the effect of the interest rate swaps on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Three Months Ended Nine Months Ended 2022 2021 2022 2021 Interest expense (1) $ (146) $ 29 $ (64) $ 29 Derivative payments on interest rate swap (2) — — — 1,717 Loss on interest rate swap (2) — — — 2,033 _______________________________ (1) Represents settlements on the interest rate swaps while the hedges are effective. (2) Represents settlements and changes in fair value on the 2019 Swap. The following tables present the assets and liabilities measured at fair value on a recurring basis for the interest rate swaps as of September 30, 2022 and December 31, 2021. Fair Value Measurements as of September 30, 2022 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative asset - other current assets $ — $ 1,783 $ — Derivative asset - other non-current assets — 1,427 — Total $ — $ 3,210 $ — Fair Value Measurements as of December 31, 2021 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative asset - other non-current assets $ — $ 284 $ — Derivative liability - other current liabilities — (129) — Total $ — $ 155 $ — The inputs for determining fair value of the interest rate swaps are classified as Level 2 inputs. Level 2 fair value is based on estimates using standard pricing models. These standard pricing models use inputs which are derived from or corroborated by observable market data such as interest rate yield curves, index forward curves, discount curves, and volatility surfaces. Counterparty to this derivative contract is a highly rated financial institution which we believe carries only a minimal risk of nonperformance. Fixed Rate Debt

Interim Financial Statements (P

Interim Financial Statements (Policies)	9 Months Ended
Interim Financial Statements (Policies)	Sep. 30, 2022
Quarterly Financial Information Disclosure [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have not been audited. The Condensed Consolidated Balance Sheet as of December 31, 2021, was derived from the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”), which we filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 11, 2022. In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to fairly state our results of operations for the three and nine months ended September 30, 2022 and 2021; financial position as of September 30, 2022 and December 31, 2021; and cash flows for the nine months ended September 30, 2022 and 2021, on a basis consistent with our audited consolidated financial statements. These adjustments are of a normal recurring nature and are, in the opinion of management, necessary to state fairly the Company’s financial position and operating results for the interim periods. Certain prior period amounts have been reclassified to conform to the current year’s presentation. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted from the unaudited condensed consolidated financial statements presented in this Quarterly Report. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes included in the 2021 Annual Report. The results for the three and nine months ended September 30, 2022, are not necessarily indicative of results for the year ending December 31, 2022, or any other future periods. Except for per share data or as otherwise indicated, all U.S. dollar amounts and share counts presented in the tables in these Notes to Condensed Consolidated Financial Statements are in thousands.
Accounting Standards Recently Adopted and Not Yet Adopted	Accounting Standards Recently Adopted In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. Specifically, ASU 2020-06 simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. In addition, ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for the exception. Further, for the diluted earnings-per-share calculation, the new guidance requires entities to use the if-converted method for all convertible instruments and generally requires entities to include the effect of share settlement for instruments that may be settled in cash or shares, among other things. The adoption of ASU 2020-06 effective January 1, 2022 did not have a material impact on our consolidated financial statements and related disclosures. In May 2021, the FASB issued ASU 2021-04, Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (“ASU 2021-04”), which clarifies the accounting for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after modification or exchange. Specifically, ASU 2021-04 requires the issuer to treat a modification of an equity-classified warrant as an exchange of the original warrant. The difference between the fair value of the modified warrant and the fair value of the warrant immediately before modification is then recognized as an issuance cost or discount of the related transaction. Since we do not have any equity-classified written call options that would be subject to this guidance, the adoption of ASU 2021-04 did not have any impact on our consolidated financial statements and related disclosures during the nine months ended September 30, 2022. Accounting Standards Not Yet Adopted In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance (“ASU 2021-10”), which requires business entities to provide certain annual disclosures when

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	The following tables present results of operations by reportable segment. Mobile Power Corporate Total Three Months Ended September 30, 2022 Net sales $ 76,122 $ 51,124 $ 51 (a) $ 127,297 Income (loss) from operations (474) 2,582 (4,225) (2,117) Interest expense (3,746) Other 1,156 Loss from operations before income taxes and share of net income from joint venture $ (4,707) Three Months Ended September 30, 2021 Net sales $ 68,586 $ 48,680 $ (22) (a) $ 117,244 Income (loss) from operations (257) 1,252 (5,607) (4,612) Interest expense (3,578) Other 4,346 Loss from operations before income taxes and share of net income from joint venture $ (3,844) Mobile Power Corporate Total Nine Months Ended September 30, 2022 Net sales $ 225,542 $ 155,184 $ — $ 380,726 Income (loss) from operations 3,224 4,376 (17,651) (10,051) Interest expense (10,673) Other 4,219 Loss from operations before income taxes and share of net income from joint venture $ (16,505) Nine Months Ended September 30, 2021 Net sales $ 220,248 $ 147,026 $ (69) (a) $ 367,205 Income (loss) from operations 8,342 6,559 (20,123) (5,222) Interest expense (9,175) Other (3,352) Loss from operations before income taxes and share of net income from joint venture $ (17,749) _______________________________ (a) Includes elimination of intersegment transactions occurring during the ordinary course of business.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Sep. 30, 2022
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories are comprised of the following amounts: September 30, 2022 December 31, 2021 Raw materials $ 32,821 $ 27,221 Work in process 29,349 24,960 Finished goods 22,002 22,846 Total inventories $ 84,172 $ 75,027

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
Intangible Assets, Net (Tables)	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Carrying Amount of Intangible Assets Net	The following table shows changes in the carrying amount of intangible assets, net, by reportable segment. Mobile Power Total Balance as of December 31, 2021 $ 25,709 $ 63,009 $ 88,718 Amortization (2,515) (8,245) (10,760) Balance as of September 30, 2022 $ 23,194 $ 54,764 $ 77,958

Investment in Joint Venture (Ta

Investment in Joint Venture (Tables)	9 Months Ended
Investment in Joint Venture (Tables)	Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Summarized Activity Related to Investment in Joint Venture	The following table shows changes in our investment in the JV. Balance as of December 31, 2021 $ 34,045 Share of earnings 3,935 Dividends paid by joint venture (6,245) Foreign currency translation loss (3,542) Balance as of September 30, 2022 $ 28,193

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Debt	The following table presents debt balances as of September 30, 2022 and December 31, 2021. September 30, 2022 December 31, 2021 Term Loan Facility $ 147,750 $ 148,875 ABL Facility 6,000 — International lines of credit and other loans 8,436 10,930 Total principal 162,186 159,805 Less-current maturities of long-term debt 3,150 3,074 Principal, net of current portion 159,036 156,731 Less-unamortized debt issuance costs and discount (1) 4,685 5,679 Long-term debt, net of current portion $ 154,351 $ 151,052 _______________________________ (1) In addition to this amount, costs of $0.7 million and $0.7 million related to the ABL Facility were recorded in other non-current assets as of September 30, 2022 and December 31, 2021, respectively.

Preferred Stock and Stockhold_2

Preferred Stock and Stockholders' Equity (Tables)	9 Months Ended
Preferred Stock and Stockholders' Equity (Tables)	Sep. 30, 2022
Temporary Equity Disclosure [Abstract]
Temporary Equity	The following table presents the change in the Series D Preferred Stock carrying value during the nine months ended September 30, 2022. Balance as of December 31, 2021 $ 53,807 Accrual of in-kind dividends 6,620 Amortization 1,359 Balance as of September 30, 2022 $ 61,786

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
Revenue from Contracts with Customers (Tables)	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Revenue from Contracts with Customers	Three Months Ended September 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 35,419 $ 39,579 $ 51 $ 75,049 China 12,839 1,378 — 14,217 Brazil 14,109 137 — 14,246 Mexico 5,185 4,769 — 9,954 Germany 1,432 84 — 1,516 Poland 1,100 2 — 1,102 Other 6,038 5,175 — 11,213 Total net sales $ 76,122 $ 51,124 $ 51 $ 127,297 Three Months Ended September 30, 2021 Mobile Power Intersegment Total United States and Puerto Rico $ 35,812 $ 38,313 $ (22) $ 74,103 China 10,849 749 — 11,598 Brazil 8,951 192 — 9,143 Mexico 4,981 4,627 — 9,608 Germany 1,080 159 — 1,239 Poland 698 3 — 701 Other 6,215 4,637 — 10,852 Total net sales $ 68,586 $ 48,680 $ (22) $ 117,244 Nine Months Ended September 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 109,183 $ 120,442 $ — $ 229,625 China 34,155 3,855 — 38,010 Brazil 36,122 794 — 36,916 Mexico 18,336 13,868 — 32,204 Germany 3,836 219 — 4,055 Poland 3,598 7 — 3,605 Other 20,312 15,999 — 36,311 Total net sales $ 225,542 $ 155,184 $ — $ 380,726 Nine Months Ended September 30, 2021 Mobile Power Intersegment Total United States and Puerto Rico $ 108,534 $ 117,543 $ (69) $ 226,008 China 38,482 3,537 — 42,019 Brazil 28,604 727 — 29,331 Mexico 14,825 12,373 — 27,198 Germany 4,216 419 — 4,635 Poland 2,782 10 — 2,792 Other 22,805 12,417 — 35,222 Total net sales $ 220,248 $ 147,026 $ (69) $ 367,205 The following tables summarize revenue by customer industry. Our products in the automotive industry include high-precision components and assemblies for electric power steering systems, electric braking, electric motors, fuel systems, emissions control, transmissions, moldings, stampings, sensors, and electrical contacts. Our products in the general industrial industry include high-precision metal and plastic components for a variety of industrial applications including diesel industrial motors, heating and cooling systems, fluid power systems, power tools, and more. While many of the industries we serve include electrical components, our products in the residential/commercial electrical industry category in the following tables include components used in smart meters, charging stations, circuit breakers, transformers, electrical contact assemblies, precision stampings, welded contact assemblies, and specification plating and surface finishing. Three Months Ended September 30, 2022 Mobile Power Intersegment Total Automotive $ 51,388 $ 10,822 $ — $ 62,210 General Industrial 19,546 14,751 — 34,297 Residential/Commercial Electrical — 17,025 — 17,025 Other 5,188 8,526 51 13,765 Total net sales $ 76,122 $ 51,124 $ 51 $ 127,297 Three Months Ended September 30, 2021 Mobile Power Intersegment Total Automotive $ 43,486 $ 9,892 $ — $ 53,378 General Industrial 21,396 15,186 — 36,582 Residential/Commercial Electrical — 16,078 — 16,078 Other 3,704 7,524 (22) 11,206 Total net sales $ 68,586 $ 48,680 $ (22) $ 117,244 Nine Months Ended September 30, 2022 Mobile Power Intersegment Total Automotive $ 150,834 $ 30,628 $ — $ 181,462 General Industrial 61,883 47,726 — 109,609 Residential/Commercial Electrical — 52,981 — 52,981 Other 12,825 23,849 — 36,674 Total net sales $ 225,542 $ 155,184 $ — $ 380,726 Nine Months Ended September 30, 2021 Mobile Power Intersegment Total Automotive $ 139,877 $ 29,974 $ — $ 169,851 General Industrial 70,155 45,617 — 115,772 Residential/Commercial Electrical — 47,651 — 47,651 Other 10,216 23,784 (69) 33,931 Total net sales $ 220,248 $ 147,026 $ (69) $ 367,205

Shared-Based Compensation (Tabl

Shared-Based Compensation (Tables)	9 Months Ended
Shared-Based Compensation (Tables)	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Components of Share-Based Compensation Expense by Type of Award	The following table lists the components of share-based compensation expense by type of award, which is recognized in the “Selling, general, and administrative expense” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Three Months Ended Nine Months Ended 2022 2021 2022 2021 Stock options $ 37 $ 59 $ 124 $ 207 Restricted stock 471 521 3,233 1,660 Performance share units 483 351 1,189 1,050 Change in estimate of share-based award vesting (1) (684) — (684) (337) Share-based compensation expense $ 307 $ 931 $ 3,862 $ 2,580 _______________________________ (1) Amounts reflect the decrease in share-based compensation expense based on the change in estimate of the probability of vesting of share-based awards.
Reconciliation of Option Activity	The following table presents stock option activity for the nine months ended September 30, 2022. Number of Options Weighted- Weighted- Aggregate Outstanding at January 1, 2022 621 $ 12.24 Expired (79) 9.71 Outstanding at September 30, 2022 542 $ 12.61 3.6 years $ — (1) Exercisable at September 30, 2022 515 $ 12.77 3.4 years $ — (1) _______________________________ (1) The aggregate intrinsic value is the sum of intrinsic values for each exercisable individual option grant. The intrinsic value is the amount by which the closing market price of our stock at September 30, 2022 was greater than the exercise price of any individual option grant.
Reconciliation of Restricted Stock Option Activity	The following table presents the status of unvested restricted stock awards as of September 30, 2022 and changes during the nine months then ended. Nonvested Weighted Unvested at January 1, 2022 469 $ 7.28 Granted 897 3.31 Vested (291) 7.05 Forfeited (11) 4.37 Unvested at September 30, 2022 1,064 $ 4.02
Schedule of Performance Based Awards Goals with Respect to TSR and ROIC	The following table presents the goals with respect to PSUs granted in 2022. Threshold Target Performance Maximum Performance TSR Awards 25th Percentile 55th Percentile 75th Percentile Threshold Target Performance Maximum Performance ROIC Awards 6.4% 8.6% 10.0%
Summary of Status of Unvested PSU Awards	The following table presents the status of unvested PSUs as of September 30, 2022 and changes during the nine months then ended. Nonvested TSR Awards Nonvested ROIC Awards Shares Weighted Shares Weighted Nonvested at January 1, 2022 194 $ 9.59 228 $ 8.14 Granted 382 2.53 408 2.62 Nonvested at September 30, 2022 576 $ 4.90 636 $ 4.60

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
Accumulated Other Comprehensive Income (Tables)	Sep. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	The following tables present the components of accumulated other comprehensive income (loss) (“AOCI”). Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of June 30, 2022 $ (37,906) $ 2,207 $ (468) $ (36,167) Other comprehensive income (loss) before reclassifications (7,653) 1,145 (241) (6,749) Amounts reclassified from AOCI to interest expense (2) — (146) 30 (116) Net other comprehensive income (loss) (7,653) 999 (211) (6,865) Balance as of September 30, 2022 $ (45,559) $ 3,206 $ (679) $ (43,032) Balance as of June 30, 2021 $ (29,819) $ — $ — $ (29,819) Other comprehensive income (loss) before reclassifications (2,612) (229) 53 (2,788) Amounts reclassified from AOCI to interest expense (2) — 29 (7) 22 Net other comprehensive income (loss) (2,612) (200) 46 (2,766) Balance as of September 30, 2021 $ (32,431) $ (200) $ 46 $ (32,585) Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of December 31, 2021 $ (32,016) $ 151 $ (37) $ (31,902) Other comprehensive income (loss) before reclassifications (13,543) 3,119 (655) (11,079) Amounts reclassified from AOCI to interest expense (2) — (64) 13 (51) Net other comprehensive income (loss) (13,543) 3,055 (642) (11,130) Balance as of September 30, 2022 $ (45,559) $ 3,206 $ (679) $ (43,032) Balance as of December 31, 2020 $ (30,881) $ (3,712) $ 861 $ (33,732) Other comprehensive income (loss) before reclassifications (1,550) (229) 53 (1,726) Amounts reclassified from AOCI to interest expense (2) — 29 (7) 22 Amounts reclassified from AOCI to loss on interest rate swap (3) — 3,712 (861) 2,851 Net other comprehensive income (loss) (1,550) 3,512 (815) 1,147 Balance as of September 30, 2021 $ (32,431) $ (200) $ 46 $ (32,585) ______________________ (1) Income tax effect of changes in interest rate swap. (2) Represents interest rate swap settlements of effective hedge. (3) Represents reclassification of derivative loss and settlements after discontinuation of hedge accounting.

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	9 Months Ended
Net Income (Loss) Per Common Share (Tables)	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method	The following table summarizes the computation of basic and diluted net loss per common share. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Net loss $ (2,215) $ (3,377) $ (14,084) $ (13,681) Less: Preferred stock cumulative dividends and deemed dividends (2,783) (2,314) (7,979) (19,054) Numerator for basic and diluted undistributed net loss per common share (1) $ (4,998) $ (5,691) $ (22,063) $ (32,735) Denominator: Weighted average common shares outstanding 43,884 43,034 43,695 42,980 Adjustment for unvested restricted common stock (1,065) (476) (918) (459) Adjustment for 2021 Warrants outstanding (2) 1,892 1,897 1,893 1,341 Shares used to calculate net loss per share, basic and diluted 44,711 44,455 44,670 43,862 Per common share net loss: Basic and diluted net loss per common share $ (0.11) $ (0.13) $ (0.49) $ (0.75) Cash dividends declared per common share $ — $ — $ — $ — _______________________________ (1) Preferred Stock does not participate in losses. (2) Weighted average 2021 Warrants outstanding are included in shares outstanding for calculation of basic earnings per share because they are exercisable at an exercise price of $0.01 per share, subject to certain adjustments (see Note 15).
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents securities that could be potentially dilutive in the future that were excluded from the calculation of diluted net loss per common share because they had an anti-dilutive effect. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Options 542 752 563 812 2019 Warrants 1,500 1,500 1,500 1,500 2,042 2,252 2,063 2,312

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Derivative Instruments	The following tables show the liabilities measured at fair value for the Preferred Stock derivatives as of September 30, 2022 and December 31, 2021. Fair Value Measurements as of September 30, 2022 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative liability - other non-current liabilities 3,230 — 136 Fair Value Measurements as of December 31, 2021 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative liability - other non-current liabilities 7,771 — 453 The following table presents the change in the Preferred Stock derivatives during the nine months ended September 30, 2022. Balance as of December 31, 2021 $ 8,224 Change in fair value (1) (4,858) Balance as of September 30, 2022 $ 3,366 _______________________________
Schedule of Interest Rate Derivatives	The following table presents the effect of the interest rate swaps on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Three Months Ended Nine Months Ended 2022 2021 2022 2021 Interest expense (1) $ (146) $ 29 $ (64) $ 29 Derivative payments on interest rate swap (2) — — — 1,717 Loss on interest rate swap (2) — — — 2,033 _______________________________ (1) Represents settlements on the interest rate swaps while the hedges are effective.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present the assets and liabilities measured at fair value on a recurring basis for the interest rate swaps as of September 30, 2022 and December 31, 2021. Fair Value Measurements as of September 30, 2022 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative asset - other current assets $ — $ 1,783 $ — Derivative asset - other non-current assets — 1,427 — Total $ — $ 3,210 $ — Fair Value Measurements as of December 31, 2021 Description Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Derivative asset - other non-current assets $ — $ 284 $ — Derivative liability - other current liabilities — (129) — Total $ — $ 155 $ —

Segment Information - Continuin

Segment Information - Continuing Operations by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Net sales	$ 127,297	$ 117,244	$ 380,726	$ 367,205
Income (loss) from operations	(2,117)	(4,612)	(10,051)	(5,222)
Interest Expense	(3,746)	(3,578)	(10,673)	(9,175)
Gain (Loss) on Derivatives and Other Non-operating Income (Expense) Net	1,156	4,346	4,219	(3,352)
Income (Loss) from operations before income taxes and share of income from joint venture	(4,707)	(3,844)	(16,505)	(17,749)
United States and Puerto Rico
Segment Reporting Information [Line Items]
Net sales	75,049	74,103	229,625	226,008
Operating Segments \| Mobile Solutions
Segment Reporting Information [Line Items]
Net sales	76,122	68,586	225,542	220,248
Income (loss) from operations	(474)	(257)	3,224	8,342
Operating Segments \| Mobile Solutions \| United States and Puerto Rico
Segment Reporting Information [Line Items]
Net sales	35,419	35,812	109,183	108,534
Operating Segments \| Power Solutions
Segment Reporting Information [Line Items]
Net sales	51,124	48,680	155,184	147,026
Income (loss) from operations	2,582	1,252	4,376	6,559
Operating Segments \| Power Solutions \| United States and Puerto Rico
Segment Reporting Information [Line Items]
Net sales	39,579	38,313	120,442	117,543
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	51	(22)	0	(69)
Income (loss) from operations	(4,225)	(5,607)	$ (17,651)	$ (20,123)
Intersegment Eliminations [Member] \| United States and Puerto Rico
Segment Reporting Information [Line Items]
Net sales	$ 51	$ (22)

Segment Information - Additiona

Segment Information - Additional Information (Details)	9 Months Ended
Segment Information - Additional Information (Details)	Sep. 30, 2022 segment
Revenue, Major Customer [Line Items]
Number of reportable segments	2
Number of operating segments	2

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 32,821	$ 27,221
Work in process	29,349	24,960
Finished goods	22,002	22,846
Total inventories	$ 84,172	$ 75,027

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Carrying Amount of Intangible Assets by Segment (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance	$ 88,718
Amortization	(10,760)
Ending balance	77,958
Mobile Solutions
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance	25,709
Amortization	(2,515)
Ending balance	23,194
Power Solutions
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance	63,009
Amortization	(8,245)
Ending balance	$ 54,764

Investment in Joint Venture - A

Investment in Joint Venture - Additional Information (Detail)	Sep. 30, 2022
Wuxi Weifu Autocam Precision Machinery Company, Ltd.
Schedule of Equity Method Investments [Line Items]
Investment in joint venture	49%

Investment in Joint Venture - S

Investment in Joint Venture - Summarized Activity Related to Investment in Joint Venture (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Equity Method Investments [Roll Forward]
Beginning Balance			$ 34,045
Share of earnings	$ 1,424	$ 842	3,935	$ 3,456
Ending Balance	28,193		28,193
Joint Venture
Equity Method Investments [Roll Forward]
Beginning Balance			34,045
Share of earnings			3,935
Proceeds from Equity Method Investment, Distribution			(6,245)
Foreign currency translation loss			(3,542)
Ending Balance	$ 28,193		$ 28,193

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
Income Taxes - Additional Information (Detail)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate from continuing operations	22.70%	(9.80%)	(9.20%)	3.50%
Effective income tax rate reconciliation, at federal statutory income tax rate, percent			21%

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Mar. 22, 2021
Debt Instrument [Line Items]
Debt issuance costs, line of credit arrangements, net	$ 700	$ 700
Interest Rate Swap \| July 22 2021
Debt Instrument [Line Items]
Derivative, fixed interest rate	1.291%
Derivative, notional amount	$ 60,000
Interest Rate Swap \| February 8, 2019
Debt Instrument [Line Items]
Derivative, fixed interest rate			2.4575%
Derivative, notional amount			$ 700,000
Term Loan Facility Member
Debt Instrument [Line Items]
Borrowings	$ 150,000
Interest rate during period	9.99%
Principal payment amount	$ 400
Issuance discount			3,800
Debt issuance costs			$ 2,800
Outstanding borrowings	$ 147,750	148,875
Term Loan Facility Member \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Applicable margin	6.875%
Term Loan Facility Member \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Applicable margin	1%
Term Loan Facility Member \| Various Benchmark Rates Member
Debt Instrument [Line Items]
Applicable margin	5.875%
Asset Backed Credit Facility Member [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000
Applicable margin	1.75%
Interest rate during period	4.56%
Debt instrument, LIBOR floor rate	0.50%
Unused capacity, commitment fee percentage	0.375%
Outstanding borrowings	$ 6,000
Available capacity	32,100
Letters of Credit Outstanding, Amount	$ 11,100
Asset Backed Credit Facility Member [Member] \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Applicable margin	1.75%
Asset Backed Credit Facility Member [Member] \| London Interbank Offered Rate (LIBOR) \| Maximum
Debt Instrument [Line Items]
Applicable margin	2%
Asset Backed Credit Facility Member [Member] \| Federal Funds Or Prime Rate Member \| Minimum
Debt Instrument [Line Items]
Applicable margin	0.75%
Asset Backed Credit Facility Member [Member] \| Federal Funds Or Prime Rate Member \| Maximum
Debt Instrument [Line Items]
Applicable margin	1%
Senior Secured Revolver
Debt Instrument [Line Items]
Outstanding borrowings		$ 0
Letters of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30,000
Unused capacity, commitment fee percentage	1.875%
Swingline loans
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 5,000

Debt - Summary of Debt (Detail)

Debt - Summary of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total principal	$ 162,186	$ 159,805
Less-current maturities of long-term debt	3,150	3,074
Principal, net of current portion	159,036	156,731
Less-unamortized debt issuance costs	4,685	5,679
Long-term debt, net of current portion	154,351	151,052
Debt issuance costs, line of credit arrangements, net	700	700
Term Loan Facility Member
Debt Instrument [Line Items]
Term loans	147,750	148,875
Foreign Line of Credit
Debt Instrument [Line Items]
International lines of credit and other loans	$ 8,436	$ 10,930

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases	$ 262	$ 154
Operating cash flows used in operating leases	10,865	10,369
Financing cash flows used in finance leases	2,177	3,545
Right-of-use assets obtained in exchange for new finance lease liabilities	908	1,541
Right-of-use assets obtained in exchange for new operating lease liabilities (1)	$ 3,835	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions		9 Months Ended
	Nov. 01, 2019	Sep. 30, 2022
Loss Contingencies [Line Items]
Stock issued during period, shares, new issues (in shares)	14.4
Securities Offering Matter
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party		$ 9.5
Litigation Settlement, Expense		1
Contract Claims
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party		1.8
Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss		$ 5

Preferred Stock and Stockhold_3

Preferred Stock and Stockholders' Equity - Additional Information (Details) - Series D Preferred Stock - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Temporary Equity [Line Items]
Sale of stock, number of shares issued in transaction (in shares)		65
Temporary equity, par value (in dollars per share)	$ 0.01
Sale of stock, price per share (in dollars per share)	$ 1,000
Class of warrant or right, number of securities called by warrants or rights (in shares)	1,900
Class of warrant or right, exercise price of warrants or rights (in dollars per share)	$ 0.01
Temporary equity, liquidation preference per share (in dollars per share)	$ 1,000
Temporary equity, dividend rate, percentage	10%
Increase in dividend rate if no cash dividends paid	12%
Annual increase in dividend rate	2.50%
Carrying value	$ 61,786		$ 53,807
Accrual of in-kind dividends	6,620
Temporary Equity Dividends Unpaid Deemed	$ 15,100

Preferred Stock and Stockhold_4

Preferred Stock and Stockholders' Equity - Carrying Value Roll Forward (Details) - Series D Preferred Stock $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance as of December 31, 2021	$ 53,807
Accrual of in-kind dividends	6,620
Amortization	1,359
Balance as of September 30, 2022	$ 61,786

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue, Major Customer [Line Items]
Net sales	$ 127,297	$ 117,244	$ 380,726	$ 367,205
Automotive
Revenue, Major Customer [Line Items]
Net sales	62,210	53,378	181,462	169,851
General Industrial
Revenue, Major Customer [Line Items]
Net sales	34,297	36,582	109,609	115,772
Residential/Commercial Electrical
Revenue, Major Customer [Line Items]
Net sales	17,025	16,078	52,981	47,651
Other End Market Member
Revenue, Major Customer [Line Items]
Net sales	13,765	11,206	36,674	33,931
United States and Puerto Rico
Revenue, Major Customer [Line Items]
Net sales	75,049	74,103	229,625	226,008
China
Revenue, Major Customer [Line Items]
Net sales	14,217	11,598	38,010	42,019
Brazil
Revenue, Major Customer [Line Items]
Net sales	14,246	9,143	36,916	29,331
Mexico
Revenue, Major Customer [Line Items]
Net sales	9,954	9,608	32,204	27,198
Germany
Revenue, Major Customer [Line Items]
Net sales	1,516	1,239	4,055	4,635
Poland
Revenue, Major Customer [Line Items]
Net sales	1,102	701	3,605	2,792
Other
Revenue, Major Customer [Line Items]
Net sales	11,213	10,852	36,311	35,222
Operating Segments \| Mobile Solutions
Revenue, Major Customer [Line Items]
Net sales	76,122	68,586	225,542	220,248
Operating Segments \| Mobile Solutions \| Automotive
Revenue, Major Customer [Line Items]
Net sales	51,388	43,486	150,834	139,877
Operating Segments \| Mobile Solutions \| General Industrial
Revenue, Major Customer [Line Items]
Net sales	19,546	21,396	61,883	70,155
Operating Segments \| Mobile Solutions \| Residential/Commercial Electrical
Revenue, Major Customer [Line Items]
Net sales	0	0	0	0
Operating Segments \| Mobile Solutions \| Other End Market Member
Revenue, Major Customer [Line Items]
Net sales	5,188	3,704	12,825	10,216
Operating Segments \| Mobile Solutions \| United States and Puerto Rico
Revenue, Major Customer [Line Items]
Net sales	35,419	35,812	109,183	108,534
Operating Segments \| Mobile Solutions \| China
Revenue, Major Customer [Line Items]
Net sales	12,839	10,849	34,155	38,482
Operating Segments \| Mobile Solutions \| Brazil
Revenue, Major Customer [Line Items]
Net sales	14,109	8,951	36,122	28,604
Operating Segments \| Mobile Solutions \| Mexico
Revenue, Major Customer [Line Items]
Net sales	5,185	4,981	18,336	14,825
Operating Segments \| Mobile Solutions \| Germany
Revenue, Major Customer [Line Items]
Net sales	1,432	1,080	3,836	4,216
Operating Segments \| Mobile Solutions \| Poland
Revenue, Major Customer [Line Items]
Net sales	1,100	698	3,598	2,782
Operating Segments \| Mobile Solutions \| Other
Revenue, Major Customer [Line Items]
Net sales	6,038	6,215	20,312	22,805
Operating Segments \| Power Solutions
Revenue, Major Customer [Line Items]
Net sales	51,124	48,680	155,184	147,026
Operating Segments \| Power Solutions \| Automotive
Revenue, Major Customer [Line Items]
Net sales	10,822	9,892	30,628	29,974
Operating Segments \| Power Solutions \| General Industrial
Revenue, Major Customer [Line Items]
Net sales	14,751	15,186	47,726	45,617
Operating Segments \| Power Solutions \| Residential/Commercial Electrical
Revenue, Major Customer [Line Items]
Net sales	17,025	16,078	52,981	47,651
Operating Segments \| Power Solutions \| Other End Market Member
Revenue, Major Customer [Line Items]
Net sales	8,526	7,524	23,849	23,784
Operating Segments \| Power Solutions \| United States and Puerto Rico
Revenue, Major Customer [Line Items]
Net sales	39,579	38,313	120,442	117,543
Operating Segments \| Power Solutions \| China
Revenue, Major Customer [Line Items]
Net sales	1,378	749	3,855	3,537
Operating Segments \| Power Solutions \| Brazil
Revenue, Major Customer [Line Items]
Net sales	137	192	794	727
Operating Segments \| Power Solutions \| Mexico
Revenue, Major Customer [Line Items]
Net sales	4,769	4,627	13,868	12,373
Operating Segments \| Power Solutions \| Germany
Revenue, Major Customer [Line Items]
Net sales	84	159	219	419
Operating Segments \| Power Solutions \| Poland
Revenue, Major Customer [Line Items]
Net sales	2	3	7	10
Operating Segments \| Power Solutions \| Other
Revenue, Major Customer [Line Items]
Net sales	5,175	4,637	15,999	12,417
Intersegment Eliminations [Member]
Revenue, Major Customer [Line Items]
Net sales	51	(22)	0	(69)
Intersegment Eliminations [Member] \| Other End Market Member
Revenue, Major Customer [Line Items]
Net sales	51	(22)	$ 0	$ (69)
Intersegment Eliminations [Member] \| United States and Puerto Rico
Revenue, Major Customer [Line Items]
Net sales	$ 51	$ (22)

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue, Major Customer [Line Items]
Net sales	$ 127,297	$ 117,244	$ 380,726	$ 367,205

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Summary of Contract Liabilities from Contracts with Customers (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Contract with Customer, Liability [Abstract]
Deferred revenue	$ 600	$ 500
Amounts included in deferred revenue for performance obligations satisfied or partially satisfied	$ 500

Shared-Based Compensation - Add

Shared-Based Compensation - Additional Information (Detail) shares in Thousands, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) shares
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units issued (in shares)	897
Total grant-date fair value of restricted stock, vested \| $	$ 2.1
Performance Shares TSR Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units issued (in shares)	382
Award performance period	3 years
Performance Shares ROIC Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units issued (in shares)	408
Employees \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted vesting period	3 years
Non-executive Directors \| Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted vesting period	1 year

Shared-Based Compensation - Com

Shared-Based Compensation - Components of Share-Based Compensation Expense by Type of Award (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 307	$ 931	$ 3,862	$ 2,580
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	37	59	124	207
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	471	521	3,233	1,660
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	483	351	1,189	1,050
Change in Estimate of Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ (684)	$ 0	$ (684)	$ (337)

Shared-Based Compensation - Rec

Shared-Based Compensation - Reconciliation of Option Activity (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Number of Options (in thousands)
Beginning balance (in shares) \| shares	621
Expired \| shares	(79)
Ending balance (in shares) \| shares	542
Options exercisable (in shares) \| shares	515
Weighted- Average Exercise Price (per share)
Beginning balance (in dollars per share) \| $ / shares	$ 12.24
Expired (in dollars per share) \| $ / shares	9.71
Ending balance (in dollars per share) \| $ / shares	12.61
Options exercisable (in dollars per share) \| $ / shares	$ 12.77
Weighted- Average Remaining Contractual Term
Outstanding	3 years 7 months 6 days
Options exercisable	3 years 4 months 24 days
Aggregate Intrinsic Value
Outstanding \| $	$ 0
Options exercisable \| $	$ 0

Shared-Based Compensation - R_2

Shared-Based Compensation - Reconciliation of Restricted Stock Option Activity (Detail) shares in Thousands	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Restricted stock
Nonvested Shares (in thousands)
Nonvested restricted shares, beginning balance (in shares) \| shares	469
Nonvested restricted shares, granted (in shares) \| shares	897
Nonvested restricted shares, vested (in shares) \| shares	(291)
Nonvested restricted shares, forfeited (in shares) \| shares	(11)
Nonvested restricted shares, ending balance (in shares) \| shares	1,064
Weighted Average Grant-Date Fair Value (per share)
Beginning balance (in dollars per share) \| $ / shares	$ 7.28
Granted (in dollars per share) \| $ / shares	3.31
Vested (in dollars per share) \| $ / shares	7.05
Forfeited (in dollars per share) \| $ / shares	4.37
Ending balance (in dollars per share) \| $ / shares	$ 4.02
Performance Shares TSR Awards [Member]
Nonvested Shares (in thousands)
Nonvested restricted shares, beginning balance (in shares) \| shares	194
Nonvested restricted shares, granted (in shares) \| shares	382
Nonvested restricted shares, ending balance (in shares) \| shares	576
Weighted Average Grant-Date Fair Value (per share)
Beginning balance (in dollars per share) \| $ / shares	$ 9.59
Granted (in dollars per share) \| $ / shares	2.53
Ending balance (in dollars per share) \| $ / shares	$ 4.90
Performance Shares ROIC Award [Member]
Nonvested Shares (in thousands)
Nonvested restricted shares, beginning balance (in shares) \| shares	228
Nonvested restricted shares, granted (in shares) \| shares	408
Nonvested restricted shares, ending balance (in shares) \| shares	636
Weighted Average Grant-Date Fair Value (per share)
Beginning balance (in dollars per share) \| $ / shares	$ 8.14
Granted (in dollars per share) \| $ / shares	2.62
Ending balance (in dollars per share) \| $ / shares	$ 4.60

Shared-Based Compensation - Sch

Shared-Based Compensation - Schedule of Performance Based Awards Goals with Respect to TSR and ROIC (Detail)	9 Months Ended
	Sep. 30, 2022
Performance Shares TSR Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Threshold performance, percentage	25%
Target performance, percentage	55%
Maximum performance, percentage	75%
Performance Shares ROIC Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Threshold performance, percentage	6.40%
Target performance, percentage	8.60%
Maximum performance, percentage	10%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 206,322	$ 232,355	$ 224,185	$ 254,152
OCI before reclassifications and tax			(11,079)	(1,726)
OCI before reclassifications, net of tax	(6,749)	(2,788)
Net other comprehensive income (loss), net of tax	(6,865)	(2,766)	(11,130)	1,147
Ending balance	194,766	224,829	194,766	224,829
Loss on Interest Rate Swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, before tax				2,851
Interest Expense
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, net of tax	(116)	22
Amounts reclassified from AOCI, before tax			(51)	22
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(36,167)	(29,819)	(31,902)	(33,732)
Ending balance	(43,032)	(32,585)	(43,032)	(32,585)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(37,906)	(29,819)	(32,016)	(30,881)
OCI before reclassifications and tax	(7,653)	(2,612)	(13,543)	(1,550)
Net other comprehensive income (loss), before tax	(7,653)	(2,612)
Net other comprehensive income (loss), net of tax			(13,543)	(1,550)
Ending balance	(45,559)	(32,431)	(45,559)	(32,431)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] \| Loss on Interest Rate Swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, before tax				0
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] \| Interest Expense
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, before tax	0	0
Amounts reclassified from AOCI, before tax			0	0
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	2,207	0	151	(3,712)
OCI before reclassifications and tax	1,145	(229)	3,119	(229)
Net other comprehensive income (loss), before tax	999	(200)
Ending balance	3,206	(200)	3,206	(200)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] \| Interest Rate Swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net other comprehensive income (loss), net of tax			3,055	3,512
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] \| Loss on Interest Rate Swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, before tax				3,712
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] \| Interest Expense
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, before tax	(146)	29	(64)	29
Income taxes
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(468)	0	(37)	861
OCI before reclassifications, tax	(241)	53	(655)	53
Net other comprehensive income (loss), tax	(211)	46
Net other comprehensive income (loss), net of tax			(642)	(815)
Ending balance	(679)	46	(679)	46
Income taxes \| Loss on Interest Rate Swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, tax				(861)
Income taxes \| Interest Expense
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amounts reclassified from AOCI, tax	$ 30	$ (7)	$ 13	$ (7)

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share - Summary of Net Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net loss	$ (2,215)	$ (3,377)	$ (14,084)	$ (13,681)
Less: Preferred stock cumulative dividends and deemed dividends	(2,783)	(2,314)	(7,979)	(19,054)
Numerator for basic undistributed net loss per common share	(4,998)	(5,691)	(22,063)	(32,735)
Numerator for diluted undistributed net loss per common share	$ (4,998)	$ (5,691)	$ (22,063)	$ (32,735)
Weighted Average Number of Shares Issued, Basic	43,884	43,034	43,695	42,980
Weighted Average Number of Shares, Restricted Stock	(1,065)	(476)	(918)	(459)
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	1,892	1,897	1,893	1,341
Weighted average common shares outstanding, diluted (in shares)	44,711	44,455	44,670	43,862
Weighted Average Number of Shares Outstanding, Basic and Diluted	44,711	44,455	44,670	43,862
Basic net loss per share (in dollars per share)	$ (0.11)	$ (0.13)	$ (0.49)	$ (0.75)
Diluted net loss per share (in dollars per share)	(0.11)	(0.13)	(0.49)	(0.75)
Basic and diluted net loss per common share	(0.11)	(0.13)	(0.49)	(0.75)
Cash dividends declared per share (in dollars per share)	$ 0	$ 0	$ 0	$ 0

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share - Antidilutive Securities Excluded from Computation (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	2,042	2,252	2,063	2,312
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	542	752	563	812
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	1,500	1,500	1,500	1,500

Net Income (Loss) Per Common _5

Net Income (Loss) Per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, minimum price range (in dollars per share)	$ 7.93	$ 7.93	$ 7.93	$ 7.93
Anti dilutive securities excluded from computation of earnings per share, maximum price range (in dollars per share)	$ 25.16	$ 25.16	$ 25.16	$ 25.16

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		9 Months Ended
	Mar. 22, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants term		2 years 10 months 24 days		3 years 7 months 6 days
Cash settlements for interest rate swaps	$ 13,700	$ 0	$ 15,420
Foreign Line of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
International lines of credit and other loans		8,436		$ 10,930
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value		$ 8,400		$ 10,900
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change-in-control put feature		3%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change-in-control put feature		10%
Series D Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Class of warrant or right, exercise price of warrants or rights (in dollars per share)		$ 0.01
Liquidation preference		140%
Class of warrant or right, number of securities called by warrants or rights (in shares)		1,900
Series B Convertible Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted exercise price of warrants or rights (in dollars per share)		$ 11.49
Class of warrant or right, number of securities called by warrants or rights (in shares)		1,500

Fair Value Measurements - Liabi

Fair Value Measurements - Liabilities Measure at Fair Value Preferred Stock (Details) - Other Noncurrent Liabilities - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability, fair value, gross liability	$ 3,230	$ 7,771
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability, fair value, gross liability	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability, fair value, gross liability	$ 136	$ 453

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward of Preferred Stock Derivative (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 8,224
Change in fair value	(4,858)
Ending balance	$ 3,366

Fair Value Measurements - Effec

Fair Value Measurements - Effect of Interest Rate Swap (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Mar. 22, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Interest expense		$ 3,746	$ 3,578	$ 10,673	$ 9,175
Derivative payments on interest rate swap		0	0	0	1,717
Loss on interest rate swap (2)		0	0	0	2,033
Cash settlements for interest rate swaps	$ 13,700			0	15,420
Interest Rate Swap
Derivative [Line Items]
Interest expense		$ (146)	$ 29	$ (64)	$ 29

Fair Value Measurements - Inter

Fair Value Measurements - Interest Rate Swap (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative asset - other current assets	$ 0
Derivative asset - other non-current assets	0	$ 0
Derivative liability - other current liabilities		0
Total	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative asset - other current assets	1,783
Derivative asset - other non-current assets	1,427	284
Derivative liability - other current liabilities		(129)
Total	3,210	155
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative asset - other current assets	0
Derivative asset - other non-current assets	0	0
Derivative liability - other current liabilities		0
Total	$ 0	$ 0