XML 30 R17.htm IDEA: XBRL DOCUMENT
v3.25.3

PROPERTY AND EQUIPMENT | 9 Months Ended
--- | ---
Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT As of September 30, 2025 (Successor) and December 31, 2024 (Predecessor), property and equipment was comprised of the following:
| Successor |  |  | Predecessor
| September 30, |  |  | December 31,
(in thousands) | 2025 |  |  | 2024
Land and improvements | $ | 96,237 |  |  |  | $ | 49,553 |
Building and improvements | 651,444 |  |  |  | 370,086 |
Equipment | 102,782 |  |  |  | 280,946 |
Furniture and fixtures | 150,526 |  |  |  | 64,109 |
Construction in process(1) | 49,059 |  |  |  | 149,906 |
Total property, plant and equipment | 1,050,048 |  |  |  | 914,600 |
Less: Accumulated depreciation | (69,138) |  |  |  | (283,898) |
Property and equipment, net | $ | 980,910 |  |  |  | $ | 630,702 |
__________________________________ (1) In connection with the signing of the Chicago MLA, as defined and discussed in Note 15 “Leases”, during the third quarter of 2025, the Company reclassified $134.8 million from construction in process to Accounts receivable, net, $162.5 million from construction in process to Other assets and $3.7 million from construction in progress to Prepaid expenses and other current assets. Depreciation expense relating to property and equipment was $19.8 million and $19.3 million for the three months ended September 30, 2025 (Successor) and September 30, 2024 (Predecessor), respectively. Depreciation expense related to property and equipment was $47.3 million, $7.6 million and $138.6 million for the period from February 8, 2025 to September 30, 2025 (Successor), the period from January 1, 2025 to February 7, 2025 (Predecessor) and the nine months ended September 30, 2024 (Predecessor), respectively. The Company recorded capitalized interest of $4.8 million, $0.8 million, $1.9 million and $5.9 million during the period from February 8, 2025 to September 30, 2025 (Successor), the period from January 1, 2025 to February 7, 2025 (Predecessor), the three months ended September 30, 2024 (Predecessor) and the nine months ended September 30, 2024 (Predecessor), respectively. There was no capitalized interest recorded by the Company during the three months ended September 30, 2025 (Successor).

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration