2021 Q4 Form 10-K Financial Statement

#000182072122000033 Filed on April 06, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $219.9M $188.7M $196.5M
YoY Change 21.75% 35.3% 71.01%
Cost Of Revenue $209.6M $182.8M $176.0M
YoY Change 44.44% 62.15% 89.84%
Gross Profit $10.29M $5.897M $20.51M
YoY Change -71.02% -77.94% -7.63%
Gross Profit Margin 4.68% 3.13% 10.44%
Selling, General & Admin $22.70M $18.49M $15.11M
YoY Change 8.59% 55.4% -40.3%
% of Gross Profit 220.58% 313.6% 73.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.492M $600.0K $600.0K
YoY Change -5.91% 0.0% 0.0%
% of Gross Profit 63.1% 10.17% 2.93%
Operating Expenses $28.68M $25.41M $21.08M
YoY Change 5.04% -20.18% 0.43%
Operating Profit -$18.39M -$19.52M -$574.0K
YoY Change -324.23% 282.14% -147.4%
Interest Expense -$6.706M $13.11M $6.651M
YoY Change -1.38% 1847.85% 175.86%
% of Operating Profit
Other Income/Expense, Net -$408.0K -$13.41M -$6.773M
YoY Change 308.0% 1809.69% 45.56%
Pretax Income -$27.13M -$32.92M -$7.347M
YoY Change 194.85% 466.74% 113.45%
Income Tax -$5.225M -$5.361M -$1.830M
% Of Pretax Income
Net Earnings -$21.90M -$27.56M -$5.517M
YoY Change 123.48% 281.1% -330.64%
Net Earnings / Revenue -9.96% -14.61% -2.81%
Basic Earnings Per Share -$0.25 -$0.04
Diluted Earnings Per Share -$163.6K -$0.25 -$0.04
COMMON SHARES
Basic Shares Outstanding 135.0M shares 131.0M shares 127.0M shares
Diluted Shares Outstanding 131.0M shares 127.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $367.7M $116.4M $17.68M
YoY Change 239.18% 329.49% -3.9%
Cash & Equivalents $367.7M $116.4M $17.68M
Short-Term Investments
Other Short-Term Assets $33.65M $18.19M $11.60M
YoY Change 171.36% 188.78% -55.22%
Inventory $205.7M $173.1M $137.7M
Prepaid Expenses
Receivables $236.0M $170.1M $149.6M
Other Receivables $9.052M $7.482M $7.922M
Total Short-Term Assets $852.0M $485.3M $324.5M
YoY Change 127.1% 83.42% 21.31%
LONG-TERM ASSETS
Property, Plant & Equipment $10.69M $10.20M $9.763M
YoY Change 9.39% 6.05% -0.38%
Goodwill $69.73M $69.73M $69.73M
YoY Change 0.04% 0.04%
Intangibles $174.8M $180.6M $186.5M
YoY Change -11.86% -11.7%
Long-Term Investments
YoY Change
Other Assets $26.43M $24.41M $26.11M
YoY Change 755.86% 546.49%
Total Long-Term Assets $290.9M $285.0M $292.1M
YoY Change 3.6% -0.95% 0.55%
TOTAL ASSETS
Total Short-Term Assets $852.0M $485.3M $324.5M
Total Long-Term Assets $290.9M $285.0M $292.1M
Total Assets $1.143B $770.3M $616.6M
YoY Change 74.23% 39.47% 10.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.39M $84.70M $81.38M
YoY Change 10.44% 79.08% 125.42%
Accrued Expenses $47.60M $40.74M $28.48M
YoY Change 47.81% 59.13% 71.54%
Deferred Revenue $99.58M $81.35M $51.46M
YoY Change -33.54% 81.66%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.300M $4.300M $4.300M
YoY Change -0.3% -81.7%
Total Short-Term Liabilities $245.3M $214.5M $168.1M
YoY Change -15.15% 46.22% 16.92%
LONG-TERM LIABILITIES
Long-Term Debt $711.1M $299.2M $493.9M
YoY Change 67.71% 11126.02%
Other Long-Term Liabilities $5.557M $2.953M $4.273M
YoY Change -81.66% -63.48%
Total Long-Term Liabilities $729.4M $319.0M $520.9M
YoY Change 62.88% 1026.43% 3135.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.3M $214.5M $168.1M
Total Long-Term Liabilities $729.4M $319.0M $520.9M
Total Liabilities $974.7M $533.5M $689.0M
YoY Change 32.27% 204.85% 295.31%
SHAREHOLDERS EQUITY
Retained Earnings -$271.9M -$250.0M -$222.4M
YoY Change 22.76%
Common Stock $135.0K $135.0K $127.0K
YoY Change 6.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$69.21M $1.464M -$72.42M
YoY Change
Total Liabilities & Shareholders Equity $1.143B $770.3M $616.6M
YoY Change 74.23% 39.47% 10.5%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$21.90M -$27.56M -$5.517M
YoY Change 123.48% 281.1% -330.64%
Depreciation, Depletion And Amortization $6.492M $600.0K $600.0K
YoY Change -5.91% 0.0% 0.0%
Cash From Operating Activities -$97.35M -$31.73M -$92.01M
YoY Change -193.34% -248.26% -62.88%
INVESTING ACTIVITIES
Capital Expenditures -$1.105M -$1.052M -$600.0K
YoY Change 57.86% 250.67% 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$1.975M
YoY Change
Cash From Investing Activities -$1.105M -$1.052M -$2.575M
YoY Change 57.86% 250.67% 758.33%
FINANCING ACTIVITIES
Cash Dividend Paid $8.100M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 349.7M 131.5M 93.13M
YoY Change -1668.31% -512.19% -224.0%
NET CHANGE
Cash From Operating Activities -97.35M -31.73M -92.01M
Cash From Investing Activities -1.105M -1.052M -2.575M
Cash From Financing Activities 349.7M 131.5M 93.13M
Net Change In Cash 251.3M 98.71M -1.459M
YoY Change 209.08% -1013.97% -99.55%
FREE CASH FLOW
Cash From Operating Activities -$97.35M -$31.73M -$92.01M
Capital Expenditures -$1.105M -$1.052M -$600.0K
Free Cash Flow -$96.25M -$30.68M -$91.41M
YoY Change -191.66% -241.36% -63.08%

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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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361257000 USD
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31103000 USD
CY2019 us-gaap Income Taxes Paid Net
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443000 USD
CY2021 us-gaap Nature Of Operations
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Organization and Business Array Technologies, Inc. (the “Company”) formerly ATI Intermediate Holdings, LLC, is a Delaware corporation formed in December 2018 as a wholly owned subsidiary of ATI Investment Parent, LLC (“Former Parent”). On October 14, 2020, the Company converted from a Delaware limited liability company to a Delaware corporation and changed the Company’s name to Array Technologies, Inc. The Company is headquartered in Albuquerque, New Mexico, and manufactures and supplies solar tracking systems and related products for customers across the United States and internationally. The Company, through its wholly-owned subsidiary, ATI Investment Sub, Inc. (“ATI Investment”) owns one subsidiary through which it conducts substantially all operations; Array Tech, Inc. (collectively “AT”).
CY2021 us-gaap Prior Period Reclassification Adjustment Description
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<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:125%">Reclassifications</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Certain prior year amounts have been reclassified to conform to the current year presentation.</span></div>
CY2020Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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1.19994
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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119994467 shares
CY2021 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:125%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:125%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of </span></div>contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant estimates include impairment of goodwill, impairment of long-lived assets, fair value of contingent consideration, Series A Redeemable Preferred Stock and the related future tranche, allowance for credit losses, reserve for excess or obsolete inventories, valuation of deferred tax assets and warranty reserve. Due to the COVID-19 pandemic, there has been and will continue to be uncertainty and disruption in the global economy and financial markets. Management has made estimates and assumptions taking into consideration certain possible impacts due to COVID-19. These estimates may change, as new events occur, and additional information is obtained. Actual results may differ from previously estimated amounts, and such differences may be material to the consolidated financial statements; however, management believes that these estimates and assumptions provide a reasonable basis for the fair presentation of the consolidated financial statements. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period they occur.
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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700000 USD
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111200000 USD
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18100000 USD
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13500000 USD
CY2020Q4 us-gaap Billed Contract Receivables
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4100000 USD
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663000 USD
CY2021 arry Account Receivable Provision For Credit Losses
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303000 USD
CY2021 arry Account Receivable Allowance For Credit Loss Collected
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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140000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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162000 USD
CY2020 arry Account Receivable Provision For Credit Losses
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-847000 USD
CY2020 arry Account Receivable Allowance For Credit Loss Collected
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242000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
104000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
663000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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0 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
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15000000 USD
CY2021Q3 us-gaap Write Off Of Deferred Debt Issuance Cost
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9600000 USD
CY2021Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
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9600000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3400000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4000000 USD
CY2021Q4 arry Revenue Bill And Hold Performance Obligation Amount
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168900000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
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111200000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
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18100000 USD
CY2021Q4 us-gaap Contract With Customer Liability
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99600000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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149800000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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149800000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
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328800000 USD
CY2020 arry Contract With Customer Liability Revenue Recognized Percentage
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1
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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301500000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
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1
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2020Q4 us-gaap Inventory Finished Goods
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85833000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Credit ConcentrationFinancial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, and accounts receivable. The Company has no significant off balance sheet concentrations of credit risk. The Company maintains its cash with financial institutions that are believed to be of high credit quality and has not experienced any material losses relating to any cash.
CY2021Q4 us-gaap Cash Uninsured Amount
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367200000 USD
CY2020Q4 us-gaap Cash Uninsured Amount
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108200000 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
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7415000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
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6425000 USD
CY2021Q4 us-gaap Inventory Raw Materials
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85470000 USD
CY2020Q4 us-gaap Inventory Raw Materials
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39051000 USD
CY2021Q4 us-gaap Inventory Finished Goods
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127598000 USD
CY2021Q4 us-gaap Inventory Net
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205653000 USD
CY2020Q4 us-gaap Inventory Net
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118459000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
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6425000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5200000 USD
CY2021 arry Increases Inventory Valuation Reserves
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1766000 USD
CY2020 arry Increases Inventory Valuation Reserves
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2518000 USD
CY2021 arry Decreases Inventory Valuation Reserves
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776000 USD
CY2020 arry Decreases Inventory Valuation Reserves
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1293000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
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6425000 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
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7415000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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21915000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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18557000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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11223000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8783000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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10692000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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9774000 USD
CY2021 us-gaap Depreciation
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2400000 USD
CY2020 us-gaap Depreciation
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2200000 USD
CY2019 us-gaap Depreciation
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2100000 USD
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation
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2000000 USD
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation
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2000000 USD
CY2019 us-gaap Cost Of Goods And Services Sold Depreciation
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1800000 USD
CY2021 us-gaap Depreciation Nonproduction
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400000 USD
CY2021Q4 us-gaap Goodwill
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69700000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
69700000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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51900000 USD
CY2020 us-gaap Depreciation Nonproduction
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200000 USD
CY2019 us-gaap Depreciation Nonproduction
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300000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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51900000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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297656000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
297656000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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133203000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
109696000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
164453000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
187960000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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174753000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
198260000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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12000000 USD
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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0 USD
CY2019 us-gaap Amortization Of Intangible Assets
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25200000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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23500000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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25300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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23507000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
23507000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
23507000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23507000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
23507000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
46918000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
164453000 USD
CY2021Q1 us-gaap Payments To Acquire Equity Securities Fv Ni
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10000000 USD
CY2021Q2 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
2000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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-8000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17248000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1709000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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-668000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4196000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
803000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
60000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-616000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
21444000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2512000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-9085000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2799000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20576000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1017000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
60000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1746000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10102000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2739000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22322000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10718000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18705000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24834000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
32000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
156000 USD
CY2021Q4 us-gaap Deferred Tax Assets Inventory
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2411000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2050000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
1242000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
841000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
315000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
271000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
524000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
154000 USD
CY2021Q4 arry Deferred Tax Asset Lease Liabilities
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2661000 USD
CY2020Q4 arry Deferred Tax Asset Lease Liabilities
DeferredTaxAssetLeaseLiabilities
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1944000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
506000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
948000 USD
CY2021Q4 arry Premium On Derivative
PremiumOnDerivative
12356000 USD
CY2020Q4 arry Premium On Derivative
PremiumOnDerivative
0 USD
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
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5301000 USD
CY2020Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
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275000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
239000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27485000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4741000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
222000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
208000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
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27263000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
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4533000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1083000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1043000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
14165000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
16604000 USD
CY2021Q4 arry Deferred Tax Liabilities Rou Assets
DeferredTaxLiabilitiesROUAssets
2670000 USD
CY2020Q4 arry Deferred Tax Liabilities Rou Assets
DeferredTaxLiabilitiesROUAssets
0 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
17918000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
17647000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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9345000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
13114000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-12835000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
16333000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
13562000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1545000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3375000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2049000 USD
CY2021 arry Effective Income Tax Rate Reconciliation Derecognition From Income Tax Examination Amount
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0 USD
CY2020 arry Effective Income Tax Rate Reconciliation Derecognition From Income Tax Examination Amount
EffectiveIncomeTaxRateReconciliationDerecognitionFromIncomeTaxExaminationAmount
0 USD
CY2019 arry Effective Income Tax Rate Reconciliation Derecognition From Income Tax Examination Amount
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9284000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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1542000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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852000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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168000 USD
CY2021 arry Effective Income Tax Rate Reconciliation Contingent Consideration Amount
EffectiveIncomeTaxRateReconciliationContingentConsiderationAmount
-567000 USD
CY2020 arry Effective Income Tax Rate Reconciliation Contingent Consideration Amount
EffectiveIncomeTaxRateReconciliationContingentConsiderationAmount
-5553000 USD
CY2019 arry Effective Income Tax Rate Reconciliation Contingent Consideration Amount
EffectiveIncomeTaxRateReconciliationContingentConsiderationAmount
-134000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
620000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
79000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
284000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
69000 USD
CY2021 arry Effective Income Tax Rate Reconciliation Cares Act Amount
EffectiveIncomeTaxRateReconciliationCARESActAmount
0 USD
CY2020 arry Effective Income Tax Rate Reconciliation Cares Act Amount
EffectiveIncomeTaxRateReconciliationCARESActAmount
6608000 USD
CY2019 arry Effective Income Tax Rate Reconciliation Cares Act Amount
EffectiveIncomeTaxRateReconciliationCARESActAmount
0 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
437000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
40000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1201000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-155000 USD
CY2021 arry Effective Income Tax Rate Reconciliation Officers Compensation Amount
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435000 USD
CY2020 arry Effective Income Tax Rate Reconciliation Officers Compensation Amount
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0 USD
CY2019 arry Effective Income Tax Rate Reconciliation Officers Compensation Amount
EffectiveIncomeTaxRateReconciliationOfficersCompensationAmount
0 USD
CY2021 arry Effective Income Tax Rate Reconciliation Transaction Costs Amount
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950000 USD
CY2020 arry Effective Income Tax Rate Reconciliation Transaction Costs Amount
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0 USD
CY2019 arry Effective Income Tax Rate Reconciliation Transaction Costs Amount
EffectiveIncomeTaxRateReconciliationTransactionCostsAmount
0 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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14000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 USD
CY2019 us-gaap Income Tax Expense Benefit
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24834000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-45000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
705000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
43000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
81000 USD
CY2021 us-gaap Income Tax Expense Benefit
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-10718000 USD
CY2020 us-gaap Income Tax Expense Benefit
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18705000 USD
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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14000 USD
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2020 us-gaap Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
-10700000 USD
CY2019Q4 arry Net Operating Loss Increase Decrease Amount
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-2800000 USD
CY2019Q4 arry Income Tax Examination Increase Decrease In Deferred Tax Liability
IncomeTaxExaminationIncreaseDecreaseInDeferredTaxLiability
4600000 USD
CY2019Q4 arry Deferred Tax Assets Intangible Assets Written Off Related To Income Tax Examination
DeferredTaxAssetsIntangibleAssetsWrittenOffRelatedToIncomeTaxExamination
4700000 USD
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
35700000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
11300000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
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3049000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2592000 USD
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1064000 USD
CY2020 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1054000 USD
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
373000 USD
CY2020 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
496000 USD
CY2021 arry Standard Product Warranty Accrual Decrease For Expirations
StandardProductWarrantyAccrualDecreaseForExpirations
548000 USD
CY2020 arry Standard Product Warranty Accrual Decrease For Expirations
StandardProductWarrantyAccrualDecreaseForExpirations
101000 USD
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3192000 USD
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3049000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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326775000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
460000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
23291000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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31717000 USD
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4300000 USD
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4300000 USD
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4300000 USD
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4300000 USD
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4300000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108441000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116391000 USD

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0001820721-22-000033.txt Edgar Link pending
0001820721-22-000033-xbrl.zip Edgar Link pending
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arry-20211231.htm Edgar Link pending
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