REORGANIZATION ITEMS, NET |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| REORGANIZATION ITEMS, NET | NOTE 19—REORGANIZATION ITEMS, NET Reorganization items incurred as a result of the Chapter 11 Cases are presented separately in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2026 and were as follows:
Professional fees included in Reorganization items, net represent fees for post-petition expenses related to the Chapter 11 Cases. Write-offs of deferred debt issuance costs, deferred financing costs, and unamortized fair market value adjustment are included in Reorganization items, net. As of June 30, 2026, $21.1 million of Reorganization items, net were unpaid and accrued in “Accounts Payable” and “Accrued Expenses and other current liabilities” in the accompanying condensed consolidated balance sheet. Since the Petition Date, our operating cash flows included net cash outflows of $2.2 million related to amounts classified as Reorganization items, net, which primarily consisted of payments for professional fees. |
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