| Schedule of Components of Restructuring Expenses |
the components of the Company’s restructuring charges for the 2024 Plan were as follows:
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Successor |
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Predecessor |
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Period from |
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Period from |
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Period from |
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June 25, 2025 |
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March 30, 2025 |
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December 29, 2024 |
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through June 30, 2025 |
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through June 24, 2025 |
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through June 24, 2025 |
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Restructuring charges: |
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Employee termination benefit costs |
$ |
— |
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|
$ |
2,617 |
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|
$ |
3,753 |
|
Other cash restructuring charges |
|
— |
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|
323 |
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|
658 |
|
Total restructuring charges |
$ |
— |
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|
|
$ |
2,940 |
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|
$ |
4,411 |
|
For the period from June 25, 2025 through June 30, 2025 (Successor), the period from March 30, 2025 through June 24, 2025 (Predecessor) and the period from December 29, 2024 through June 24, 2025 (Predecessor), restructuring charges for the 2024 Plan were recorded in the Company’s consolidated statements of operations as follows:
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Successor |
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Predecessor |
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Period from |
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Period from |
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Period from |
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June 25, 2025 |
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March 30, 2025 |
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December 29, 2024 |
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through June 30, 2025 |
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through June 24, 2025 |
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through June 24, 2025 |
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Cost of revenues |
$ |
— |
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|
$ |
(17 |
) |
|
$ |
(248 |
) |
Selling, general and administrative expenses |
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— |
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|
2,957 |
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|
4,659 |
|
Total restructuring charges |
$ |
— |
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|
$ |
2,940 |
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|
$ |
4,411 |
|
, the components of the Company’s restructuring charges for the 2023 Plan were as follows:
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Successor |
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Predecessor |
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Period from |
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Period from |
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Period from |
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June 25, 2025 |
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March 30, 2025 |
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December 29, 2024 |
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through June 30, 2025 |
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through June 24, 2025 |
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through June 24, 2025 |
|
Restructuring charges: |
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|
|
|
|
Real Estate Restructuring - Employee termination benefit costs |
$ |
— |
|
|
|
$ |
(2,054 |
) |
|
$ |
(2,207 |
) |
Organizational Restructuring - Employee termination benefit costs |
|
— |
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|
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|
(1,980 |
) |
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|
(2,326 |
) |
Total restructuring charges |
$ |
— |
|
|
|
$ |
(4,034 |
) |
|
$ |
(4,533 |
) |
For the period from June 25, 2025 through June 30, 2025 (Successor), the period from March 30, 2025 through June 24, 2025 (Predecessor) and the period from December 29, 2024 through June 24, 2025 (Predecessor), restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:
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Successor |
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Predecessor |
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Period from |
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Period from |
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Period from |
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June 25, 2025 |
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March 30, 2025 |
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|
December 29, 2024 |
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|
through June 30, 2025 |
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|
through June 24, 2025 |
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|
through June 24, 2025 |
|
Cost of revenues |
$ |
— |
|
|
|
$ |
(2,054 |
) |
|
$ |
(2,207 |
) |
Selling, general and administrative expenses |
|
— |
|
|
|
|
(1,980 |
) |
|
|
(2,326 |
) |
Total restructuring charges |
$ |
— |
|
|
|
$ |
(4,034 |
) |
|
$ |
(4,533 |
) |
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| Schedule of Restructuring-related Liabilities |
The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:
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Employee termination benefit costs |
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Lease termination costs |
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Other cash restructuring charges |
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Total |
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Balance at December 30, 2023 (Predecessor) |
$ |
— |
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|
$ |
— |
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|
$ |
— |
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$ |
— |
|
Charges |
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15,520 |
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|
168 |
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|
1,141 |
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|
16,829 |
|
Payments |
|
(8,590 |
) |
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|
— |
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|
(1,141 |
) |
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|
(9,731 |
) |
Change in estimate |
|
214 |
|
|
|
— |
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|
— |
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|
|
214 |
|
Balance at December 28, 2024 (Predecessor) |
$ |
7,144 |
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|
$ |
168 |
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|
$ |
— |
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|
$ |
7,312 |
|
Charges |
|
3,062 |
|
|
|
— |
|
|
|
658 |
|
|
|
3,720 |
|
Payments |
|
(4,421 |
) |
|
|
(168 |
) |
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|
(658 |
) |
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|
(5,247 |
) |
Change in estimate |
|
691 |
|
|
|
— |
|
|
|
— |
|
|
|
691 |
|
Balance at June 24, 2025 (Predecessor) |
$ |
6,476 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
6,476 |
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Balance at June 25, 2025 (Successor) |
$ |
6,476 |
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|
$ |
— |
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$ |
— |
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|
$ |
6,476 |
|
Charges |
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— |
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|
— |
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— |
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|
— |
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Payments |
|
— |
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|
— |
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|
— |
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|
— |
|
Change in estimate |
|
— |
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|
— |
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|
— |
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|
— |
|
Balance at June 30, 2025 (Successor) |
$ |
6,476 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
6,476 |
|
The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:
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Real Estate Restructuring - |
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Real Estate Restructuring - |
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Organizational Restructuring - |
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Lease
termination
costs |
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Employee
termination benefit
costs |
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Employee
termination benefit
costs |
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|
Other cash
restructuring
charges |
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|
Total |
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Balance at December 31, 2022 (Predecessor) |
$ |
— |
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|
$ |
1,798 |
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$ |
11,810 |
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|
$ |
— |
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|
$ |
13,608 |
|
Charges |
|
12,924 |
|
|
|
5,678 |
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|
26,927 |
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|
|
1,577 |
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|
47,106 |
|
Payments |
|
(12,768 |
) |
|
|
(4,813 |
) |
|
|
(15,142 |
) |
|
|
(1,233 |
) |
|
|
(33,956 |
) |
Balance at December 30, 2023 (Predecessor) |
$ |
156 |
|
|
$ |
2,663 |
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|
$ |
23,595 |
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|
$ |
344 |
|
|
$ |
26,758 |
|
Charges |
|
— |
|
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|
2,363 |
|
|
|
2,547 |
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|
|
581 |
|
|
|
5,491 |
|
Payments |
|
(21 |
) |
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|
(1,835 |
) |
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|
(19,342 |
) |
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|
(925 |
) |
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|
(22,123 |
) |
Change in estimate |
|
(135 |
) |
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|
75 |
|
|
|
(334 |
) |
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|
— |
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|
|
(394 |
) |
Balance at December 28, 2024 (Predecessor) |
$ |
— |
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|
$ |
3,266 |
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$ |
6,466 |
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|
$ |
— |
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|
$ |
9,732 |
|
Payments |
|
— |
|
|
|
(619 |
) |
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|
(2,953 |
) |
|
|
— |
|
|
|
(3,572 |
) |
Change in estimate |
|
— |
|
|
|
(2,207 |
) |
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|
(2,326 |
) |
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|
— |
|
|
|
(4,533 |
) |
Balance at June 24, 2025 (Predecessor) |
$ |
— |
|
|
$ |
440 |
|
|
$ |
1,187 |
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|
$ |
— |
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|
$ |
1,627 |
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|
Balance at June 25, 2025 (Successor) |
$ |
— |
|
|
$ |
440 |
|
|
$ |
1,187 |
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|
$ |
— |
|
|
$ |
1,627 |
|
Payments |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Change in estimate |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance at June 30, 2025 (Successor) |
$ |
— |
|
|
$ |
440 |
|
|
$ |
1,187 |
|
|
$ |
— |
|
|
$ |
1,627 |
|
|