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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Liabilities Measured on a Recurring Basis | The following tables set forth the Company’s liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy for the periods ended December 31, 2023 and 2022 (in thousands):
| Fair Value Measurements Using: |  |
December 31, 2023 | Level 1 |  | Level 2 |  | Level 3 |  | Total
Liabilities: |  |  |  |  |  |  |
Founders advisory fees payable - related party | $ | 23,972 |  |  | $ | — |  |  | $ | 35,647 |  |  | $ | 59,619 |
December 31, 2022 |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |
Founders advisory fees payable - related party | $ | 56,883 |  |  | $ | — |  |  | $ | 118,490 |  |  | $ | 175,373 |
LaderaTech contingent earn-out included in other liabilities, non-current | — |  |  | — |  |  | 7,273 |  |  | 7,273 |
Total liabilities | $ | 56,883 |  |  | $ | — |  |  | $ | 125,763 |  |  | $ | 182,646 |
Schedule Reconciliation of Level 3 Liabilities Measured on a Recurring Basis | A roll forward of Level 3 liabilities measured at fair value on a recurring basis is as follows (in thousands):
| Founders Advisory Fees Payable - Related Party |  | LaderaTech Contingent Earn-out
Predecessor |  |  |
Balance, December 31, 2020 | $ | — |  |  | $ | 19,816 |
Settlements | — |  |  | (3,000) |
Loss on contingent earn-out, change in fair value | — |  |  | 2,965 |
Balance, November 8, 2021 | $ | — |  |  | $ | 19,781 |
Successor |  |  |
Balance, November 9, 2021 | $ | 188,204 |  |  | $ | 19,781 |
Founders advisory fees - related party, change in fair value | 63,309 |  |  | — |
Loss on contingent earn-out, change in fair value | — |  |  | 198 |
Balance, December 31, 2021 | 251,513 |  |  | 19,979 |
Settlements | (40,776) |  |  | — |
Reclassification from liability to equity | (10,495) |  |  | — |
Founders advisory fees - related party, change in fair value | (81,752) |  |  | — |
Gain on contingent earn-out, change in fair value | — |  |  | (12,706) |
Balance, December 31, 2022 | $ | 118,490 |  |  | $ | 7,273 |
Founders advisory fees - related party, change in fair value | (82,843) |  |  | — |
Gain on contingent earn-out, change in fair value | — |  |  | (7,273) |
Balance, December 31, 2023 | $ | 35,647 |  |  | $ | — |
Schedule of Estimated Fair Value of Intangible Assets Acquired | The following table presents the estimated fair value assigned to identifiable intangible assets on the Closing Date (in thousands):
| Estimated Fair Value |  | Estimated Useful Life (in years) (1)
Identifiable Intangible Assets: |  |  |
Customer lists | $ | 761,000 |  |  | 20
Technology and patents | 250,000 |  |  | 20
Tradenames | 101,000 |  |  | 20
Total estimated fair value of intangible assets acquired | $ | 1,112,000 |  |  |
(1)Amortization of identifiable intangible assets is performed on a straight-line basis over the applicable useful life.

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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