Skillsoft Corporation Current report filing

Current report filing

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized

Chapter 11 Proceedings and Emergence (Details)

v3.22.2.2

Chapter 11 Proceedings and Emergence (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Aug. 27, 2020	Jan. 31, 2022	Sep. 19, 2019	Dec. 20, 2018
Reorganization, Chapter 11 [Line Items]
Warrants purchased		705,882
LIBOR
Reorganization, Chapter 11 [Line Items]
Interest rate on credit facility		7.50%
Tranche A warrants
Reorganization, Chapter 11 [Line Items]
Warrants purchased	235,294
Strike Price	$ 262.34
Tranche B warrants
Reorganization, Chapter 11 [Line Items]
Warrants purchased	470,588
Strike Price	$ 274.84
Exit credit facility \| LIBOR
Reorganization, Chapter 11 [Line Items]
Interest rate on credit facility	7.50%
Exit credit facility \| Libor floor
Reorganization, Chapter 11 [Line Items]
Interest rate on credit facility	1.00%
Accounts receivable facility
Reorganization, Chapter 11 [Line Items]
Outstanding borrowings	$ 75.0		$ 90.0	$ 75.0
First Lien \| Class A Common Stock
Reorganization, Chapter 11 [Line Items]
Shares issued	3,840,000
Second Lien \| Class B Common Stock
Reorganization, Chapter 11 [Line Items]
Shares issued	160,000
Chapter 11, Predecessor, before Adjustment \| Accounts receivable facility
Reorganization, Chapter 11 [Line Items]
Outstanding borrowings	$ 90.0

- Definition

Number of shares issued upon settlement of debt.

+ References

No definition available.

+ Details

Name:	skil_SharesIssuedForSettlementOfDebt
Namespace Prefix:	skil_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

- Definition

Exercise price per share or per unit of warrants or rights outstanding.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644

+ Details

Name:	us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	instant

- Definition

Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares.

+ References

+ Details

Name:	us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

+ Details

Name:	us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_ReorganizationChapter11LineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Details

Name:	us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_ClassOfWarrantOrRightAxis=skil_TrancheWarrantsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_ClassOfWarrantOrRightAxis=skil_TrancheBWarrantsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DebtInstrumentAxis=skil_ExitCreditFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_VariableRateAxis=skil_LondonInterBankOfferedFloorRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_DebtInstrumentAxis=skil_AccountsReceivableFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_CreditFacilityAxis=skil_FirstLienMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_CreditFacilityAxis=skil_SecondLienMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis=us-gaap_ReorganizationChapter11PredecessorBeforeAdjustmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: