v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Total assets $ 1 $ 1
BW Ultimate Parent, LLC and Subsidiaries    
Current assets:    
Cash and cash equivalents 56,472,000 36,592,000
Accounts receivable, net of allowance for credit losses of $138 and $147 as of March 31, 2026, and December 31, 2025, respectively 32,213,000 24,538,000
Inventories 88,282,000 83,171,000
Prepaid expenses 5,183,000 6,158,000
Other current assets 18,500,000 13,235,000
Total current assets 200,650,000 163,694,000
Property and equipment, net 860,351,000 868,559,000
Intangible assets 280,946,000 280,946,000
Goodwill 277,996,000 277,996,000
Operating lease right-of-use assets, net 338,635,000 332,655,000
Finance lease right-of-use assets, net 1,902,000 1,931,000
Assets held for sale 16,599,000 16,501,000
Other assets 11,692,000 6,892,000
Total assets 1,988,771,000 1,949,174,000
Current liabilities:    
Current maturities of debt 4,100,000 4,100,000
Current maturities of financing obligations 2,065,000 2,034,000
Current maturities of operating lease liabilities 5,456,000 5,417,000
Current maturities of finance lease liabilities 69,000 68,000
Due to affiliates $ 58,000 $ 46,000
Other Liability, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accounts payable $ 98,805,000 $ 72,964,000
Accrued expenses and other current liabilities 41,961,000 49,072,000
Total current liabilities 152,514,000 133,701,000
Debt, net of current maturities, debt discount, and debt issuance costs 418,163,000 428,211,000
Financing obligations, net of current maturities, debt discount, and debt issuance costs 223,002,000 222,851,000
Operating lease liabilities, net of current maturities 323,080,000 316,451,000
Finance lease liabilities, net of current maturities 2,162,000 2,180,000
Asset retirement obligations 10,272,000 10,096,000
Liabilities held for sale 1,422,000 1,422,000
Other noncurrent liabilities 10,981,000 11,465,000
Total liabilities 1,141,596,000 1,126,377,000
Commitments and contingencies
Redeemable senior preferred membership interests (150,000 shares authorized and outstanding, redemption value of $249,287 and $239,628 and liquidation preference amount of $249,287 and $239,628 as of March 31, 2026, and December 31, 2025, respectively) 249,287,000 239,628,000
Members' equity    
Members' capital 596,789,000 582,070,000
Non-controlling interest 1,099,000 1,099,000
Total members' equity 597,888,000 583,169,000
Total liabilities, senior preferred membership interests, equity, and members' equity $ 1,988,771,000 $ 1,949,174,000