v3.26.1
Restructuring (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Components of Restructuring Expenses

For the three and six months ended June 30, 2026 (Successor), the components of the Company’s restructuring charges for the 2025 Plan were as follows:

 

Successor

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2026

 

 

June 30, 2026

 

Restructuring charges:

 

 

 

 

 

Employee termination benefit costs

$

7

 

 

$

349

 

Other cash restructuring charges

 

21

 

 

 

147

 

Total restructuring charges

$

28

 

 

$

496

 

 

For the three and six months ended June 30, 2026 (Successor), restructuring charges for the 2025 Plan were recorded in the Company’s consolidated statements of operations as follows:

 

Successor

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2026

 

 

June 30, 2026

 

Cost of revenue

$

 

 

$

(65

)

Selling, general and administrative expenses

 

28

 

 

 

561

 

Total restructuring charges

$

28

 

 

$

496

 

Schedule of Restructuring-related Liabilities

The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses on the Company’s consolidated balance sheets:

 

Employee termination benefit costs

 

 

Other cash restructuring charges

 

 

Total

 

Balance as of June 25, 2025 (Successor)

$

 

 

$

 

 

$

 

   Charges

 

8,395

 

 

 

84

 

 

 

8,479

 

   Payments

 

(670

)

 

 

(84

)

 

 

(754

)

Balance as of December 31, 2025 (Successor)

$

7,725

 

 

$

 

 

$

7,725

 

   Charges

 

221

 

 

 

147

 

 

 

368

 

   Payments

 

(7,259

)

 

 

(147

)

 

 

(7,406

)

   Change in estimate

 

128

 

 

 

 

 

 

128

 

Balance as of June 30, 2026 (Successor)

$

815

 

 

$

 

 

$

815