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GOODWILL AND INTANGIBLES (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill consisted of the following:
Goodwill
Balance at December 31, 2024$71,582 
Acquisition[1]
728,943 
Foreign currency translation1,709 
Balance at June 30, 2025$802,234 
[1] The increase in goodwill pertains to the Acquisition of Alani Nu. Refer to Note 5. Acquisitions for additional information.
Schedule of Finite-Lived Intangible Assets
The carrying amounts and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations as of June 30, 2025 and December 31, 2024 were as follows:
Estimated Useful Life in YearsJune 30, 2025
December 31, 2024
Definite-lived intangible assets
Customer relationships
5 - 25
$126,644 $13,970 
Brands
3
500 500 
Less: accumulated amortization(9,029)(2,692)
Definite-lived intangible assets, net$118,115 $11,778 
Indefinite-lived intangibles assets
Brandsindefinite$1,104,482 $435 
Less: impairment[1]
(482)— 
Indefinite-lived intangible assets$1,104,000 $435 
Brands-net$1,104,389 $907 
Customer relationships-net$117,726 $11,306 
[1] During the second quarter of 2025, the Company reassessed the remaining carrying value of the Func Foods brand name intangible asset. The Company recorded a non-cash impairment charge of $0.5 million (including the impact of foreign exchange) to fully write off the remaining carrying amount of the Func Foods brand name. This charge is included within other (expense) income.
Schedule of Indefinite-Lived Intangible Assets
The carrying amounts and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations as of June 30, 2025 and December 31, 2024 were as follows:
Estimated Useful Life in YearsJune 30, 2025
December 31, 2024
Definite-lived intangible assets
Customer relationships
5 - 25
$126,644 $13,970 
Brands
3
500 500 
Less: accumulated amortization(9,029)(2,692)
Definite-lived intangible assets, net$118,115 $11,778 
Indefinite-lived intangibles assets
Brandsindefinite$1,104,482 $435 
Less: impairment[1]
(482)— 
Indefinite-lived intangible assets$1,104,000 $435 
Brands-net$1,104,389 $907 
Customer relationships-net$117,726 $11,306 
[1] During the second quarter of 2025, the Company reassessed the remaining carrying value of the Func Foods brand name intangible asset. The Company recorded a non-cash impairment charge of $0.5 million (including the impact of foreign exchange) to fully write off the remaining carrying amount of the Func Foods brand name. This charge is included within other (expense) income.
Schedule of Future Estimated Amortization Expense
The following table reflects the future estimated annualized amortization expense related to definite-lived intangible assets:
2025$11,551 
202623,102 
202723,074 
202822,935 
202922,935 
Thereafter14,518 
Total
$118,115