| Change in Carrying Value of Goodwill |
The change in the carrying value of goodwill was as follows:
|
|
|
|
|
Balance at December 30, 2023 (Predecessor) |
|
$ |
243,441 |
|
Effect of exchange rate changes |
|
|
(3,858 |
) |
Balance at December 28, 2024 (Predecessor) |
|
$ |
239,583 |
|
Effect of exchange rate changes |
|
|
2,839 |
|
Balance at June 24, 2025 (Predecessor) - Prior to fresh start accounting |
|
$ |
242,422 |
|
Fresh start accounting adjustments (Note 3) |
|
|
(43,369 |
) |
Balance at June 24, 2025 (Predecessor) |
|
$ |
199,053 |
|
|
|
|
|
|
Balance at June 25, 2025 (Successor) and June 30, 2025 (Successor) |
|
$ |
199,053 |
|
|
| Components of Other Intangible Assets, Net |
The components of other intangible assets, net as of December 28, 2024 (Predecessor) and as of June 30, 2025 (Successor) were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Predecessor |
|
|
|
December 28, |
|
|
|
2024 |
|
|
|
|
|
Gross |
|
|
|
|
|
Net |
|
|
|
Useful |
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|
|
Life |
|
Value |
|
|
Amortization |
|
|
Value |
|
Indefinite-lived intangible asset: |
|
|
|
|
|
|
|
|
|
|
|
Franchise rights acquired |
|
Indefinite |
|
$ |
68,627 |
|
|
$ |
— |
|
|
$ |
68,627 |
|
Finite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Capitalized software and website development costs |
|
3 years |
|
|
255,822 |
|
|
|
218,103 |
|
|
|
37,719 |
|
Trademarks |
|
5 years |
|
|
12,192 |
|
|
|
12,103 |
|
|
|
89 |
|
Other |
|
20 years |
|
|
13,537 |
|
|
|
6,714 |
|
|
|
6,823 |
|
Franchise rights acquired |
|
1-17 years |
|
|
7,820 |
|
|
|
5,316 |
|
|
|
2,504 |
|
Total other intangible assets |
|
|
|
$ |
357,998 |
|
|
$ |
242,236 |
|
|
$ |
115,762 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
June 30, |
|
|
|
2025 |
|
|
|
|
|
Gross |
|
|
|
|
|
Net |
|
|
|
Useful |
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|
|
Life |
|
Value |
|
|
Amortization |
|
|
Value |
|
Indefinite-lived intangible asset: |
|
|
|
|
|
|
|
|
|
|
|
Trade name |
|
Indefinite |
|
$ |
320,000 |
|
|
$ |
— |
|
|
$ |
320,000 |
|
Finite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Database |
|
3 years |
|
|
46,000 |
|
|
|
252 |
|
|
|
45,748 |
|
Developed technology |
|
3-6 years |
|
|
70,000 |
|
|
|
321 |
|
|
|
69,679 |
|
Customers/subscribers |
|
1 year |
|
|
58,000 |
|
|
|
953 |
|
|
|
57,047 |
|
Customer relationships |
|
6 years |
|
|
35,000 |
|
|
|
96 |
|
|
|
34,904 |
|
Capitalized software and website development costs |
|
3 years |
|
|
188 |
|
|
|
— |
|
|
|
188 |
|
Total other intangible assets |
|
|
|
$ |
529,188 |
|
|
$ |
1,622 |
|
|
$ |
527,566 |
|
|
| Schedule of Estimated Amortization Expense of Finite-lived Intangible Assets |
Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows:
|
|
|
|
|
Remainder of fiscal 2025 |
|
$ |
49,739 |
|
Fiscal 2026 |
|
$ |
68,538 |
|
Fiscal 2027 |
|
$ |
40,730 |
|
Fiscal 2028 |
|
$ |
24,593 |
|
Fiscal 2029 |
|
$ |
9,667 |
|
Fiscal 2030 |
|
$ |
9,667 |
|
Thereafter |
|
$ |
4,632 |
|
|