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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The changes in the carrying amount of goodwill by reportable segment are as follows (in thousands):

			Fire Safety						Specialty Products						Total
Predecessor
Balance, December 31, 2020			$	362,767					$	119,274					$	482,041
Business acquired			5,385						—						5,385
Foreign currency translation			286						(605)						(319)
Balance, November 8, 2021			$	368,438					$	118,669					$	487,107
Successor
Balance, November 9, 2021			$	871,425					$	174,470					$	1,045,895
Foreign currency translation			(3,618)						(952)						(4,570)
Balance, December 31, 2021			867,807						173,518						1,041,325
Purchase price adjustment under Business Combination Agreement			2,356						—						2,356
Foreign currency translation			(9,844)						(2,377)						(12,221)
Balance, December 31, 2022			$	860,319					$	171,141					$	1,031,460

Schedule of Definite Lived Intangible Assets

Intangible assets and related accumulated amortization as of December 31, 2022 and 2021 are as follows (in thousands):

			December 31, 2022
			Estimated Useful Life (in years)						Gross Value						Foreign Currency Translation						Accumulated Amortization						Net Book Value
Definite Lived Intangible Assets:
Existing technology and patents			20						$	250,000					$	(3,029)					$	(14,153)					$	232,818
Customer lists			20						761,000						(7,451)						(43,220)						710,329
Tradenames			20						101,000						(970)						(5,737)						94,293
Balance, December 31, 2022									$	1,112,000					$	(11,450)					$	(63,110)					$	1,037,440

			December 31, 2021
			Estimated Useful Life (in years)						Gross Value						Foreign Currency Translation						Accumulated Amortization						Net Book Value
Definite Lived Intangible Assets:
Existing technology and patents			20						$	250,000					$	(836)					$	(1,796)					$	247,368
Customer lists			20						761,000						(2,059)						(5,482)						753,459
Tradenames			20						101,000						(268)						(727)						100,005
Balance, December 31, 2021									$	1,112,000					$	(3,163)					$	(8,005)					$	1,100,832

Schedule of Indefinite-Lived Intangible Assets

Intangible assets and related accumulated amortization as of December 31, 2022 and 2021 are as follows (in thousands):

			December 31, 2022
			Estimated Useful Life (in years)						Gross Value						Foreign Currency Translation						Accumulated Amortization						Net Book Value
Definite Lived Intangible Assets:
Existing technology and patents			20						$	250,000					$	(3,029)					$	(14,153)					$	232,818
Customer lists			20						761,000						(7,451)						(43,220)						710,329
Tradenames			20						101,000						(970)						(5,737)						94,293
Balance, December 31, 2022									$	1,112,000					$	(11,450)					$	(63,110)					$	1,037,440

			December 31, 2021
			Estimated Useful Life (in years)						Gross Value						Foreign Currency Translation						Accumulated Amortization						Net Book Value
Definite Lived Intangible Assets:
Existing technology and patents			20						$	250,000					$	(836)					$	(1,796)					$	247,368
Customer lists			20						761,000						(2,059)						(5,482)						753,459
Tradenames			20						101,000						(268)						(727)						100,005
Balance, December 31, 2021									$	1,112,000					$	(3,163)					$	(8,005)					$	1,100,832

Schedule of Intangible Asset Future Amortization Expense

Estimated annual amortization expense of intangible assets for the five years subsequent to December 31, 2022 and thereafter is as follows (in thousands):

Years Ending December 31:						Amount
2023						$	55,600
2024						55,600
2025						55,600
2026						55,600
2027						55,600
Thereafter						759,440
Total						$	1,037,440

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