v3.26.1
Accrued Expenses
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses as of March 31, 2026 and December 31, 2025 consisted of the following:
SuccessorPredecessor
March 31, 2026December 31, 2025
(in thousands)(in thousands)
Accrued interest (1)
$619 $16,775 
Accrued compensation and benefits6,803 5,021 
Accrued bonus1,320 1,853 
Accrued professional fees10,719 1,058 
Other accrued expenses4,201 3,057 
Accrued expenses$23,662 $27,764 
(1)Approximately $19.5 million of accrued interest associated with the 2028 Notes was reclassified to Liabilities Subject to Compromise in the Company’s Condensed Consolidated Balance Sheet as of the Petition Date. On the Petition Date, the Company ceased making interest payments and accruing interest expense on the 2028 Notes. Interest associated with the 2028 Notes that was not recognized in the condensed consolidated financial statements totaled approximately $3.7 million for the period from the Petition Date to the Plan Effective Date.