XML 48 R26.htm IDEA: XBRL DOCUMENT
v3.26.1

STOCKHOLDERS’ EQUITY | 12 Months Ended
--- | ---
Dec. 31, 2025
Equity [Abstract] |
STOCKHOLDERS’ EQUITY | STOCKHOLDERS’ EQUITY Capital Return Program The Company has a Board of Directors approved capital return program under which the Company may expend a total of up to $700 million for share repurchases and payment of dividends. Future share repurchases may be effected in various ways, which could include open-market or private repurchase transactions, accelerated stock repurchase programs, tender offers or other transactions. The amount, timing and terms of any return of capital transaction will be determined based on prevailing market conditions and other factors. There is no fixed time period to complete share repurchases. As of December 31, 2025 (Successor), $95.5 million was available for use under the capital return program. There was no repurchase activity during the period from February 8, 2025 to December 31, 2025 (Successor), period from January 1, 2025 to February 7, 2025 (Predecessor) or year ended December 31, 2024 (Predecessor). No cash dividends were paid during the period from February 8, 2025 to December 31, 2025 (Successor), period from January 1, 2025 to February 7, 2025 (Predecessor) or year ended December 31, 2024 (Predecessor). As of December 31, 2025 (Successor), the Company does not intend to pay dividends on its common stock for the foreseeable future. Any future determinations regarding the Company’s dividend policies will be at the discretion of the Board and will depend on then- current conditions, including the Company’s financial condition, results of operations, contractual restrictions, capital and regulatory requirements and other factors the Board deems relevant. Preferred Stock The Company has authorized the issuance of up to 10 million shares of $0.01 par value preferred stock. As of December 31, 2025 (Successor) and 2024 (Predecessor), no shares of preferred stock have been issued. Shares Outstanding As of December 31, 2025 (Successor), the Company had 48,524,809 common shares issued and outstanding. The Company issued warrants, options and other contingent consideration in acquisitions and strategic partnerships that are expected to result in the issuance of common shares in future periods resulting from the exercise of warrants and options or the achievement of certain performance targets. These incremental shares are summarized below:
Penny Warrants (Note 2) | 11,619,725
Outstanding awards under Equity Incentive Plans (Note 16) | 2,597,041
| 14,216,766
Accumulated Other Comprehensive Loss The following table reflects the change in accumulated other comprehensive loss by component:
Predecessor
(in thousands) | Foreign Currency Translation Adjustment(1) |  | Benefit Plans |  | Cash Flow Hedges |  | Net Investment Hedges(2) |  | Total
Accumulated other comprehensive (loss) income at December 31, 2023 (Predecessor) | $(177,203) |  | $886 |  | $(11,246) |  | $(21,995) |  | $(209,558)
Other comprehensive (loss) income before reclassifications | (79,853) |  | 1,172 |  | 16,003 |  | 24,843 |  | (37,835)
Reclassifications from accumulated other comprehensive (loss) income to earnings | (4,689) |  | — |  | (11,031) |  | 5,420 |  | (10,300)
Tax effect | — |  | (312) |  | (1,915) |  | (347) |  | (2,574)
Net current period other comprehensive (loss) income | (84,542) |  | 860 |  | 3,057 |  | 29,916 |  | (50,709)
Accumulated other comprehensive (loss) income at December 31, 2024 (Predecessor) | (261,745) |  | 1,746 |  | (8,189) |  | 7,921 |  | (260,267)
Other comprehensive (loss) income before reclassifications | (13,097) |  | — |  | 1,425 |  | 3,655 |  | (8,017)
Reclassifications from accumulated other comprehensive (loss) income to earnings | — |  | — |  | (105) |  | 7 |  | (98)
Tax effect | — |  | — |  | (352) |  | (976) |  | (1,328)
Net current period other comprehensive (loss) income | (13,097) |  | — |  | 968 |  | 2,686 |  | (9,443)
Accumulated other comprehensive (loss) income at February 7, 2025 (Predecessor) | $(274,842) |  | $1,746 |  | $(7,221) |  | $10,607 |  | $(269,710)
Successor
(in thousands) | Foreign Currency Translation Adjustment |  | Benefit Plans |  | Cash Flow Hedges(3) |  | Net Investment Hedges |  | Total
Accumulated other comprehensive income (loss) at February 8, 2025 (Successor) | $— |  | $— |  | $— |  | $— |  | $—
Other comprehensive income (loss) before reclassifications | 172,110 |  | 18 |  | (27,057) |  | (56,773) |  | 88,298
Reclassification from accumulated other comprehensive income (loss) to earnings | — |  | — |  | 4,422 |  | 2,063 |  | 6,485
Tax effect | (44,275) |  | — |  | 5,906 |  | 14,275 |  | (24,094)
Net current period other comprehensive income (loss) | 127,835 |  | 18 |  | (16,729) |  | (40,435) |  | 70,689
Amount attributable to non-controlling interest | (1,268) |  | — |  | — |  | — |  | (1,268)
Accumulated other comprehensive income (loss) at December 31, 2025 (Successor) | $126,567 |  | $18 |  | $(16,729) |  | $(40,435) |  | $69,421
__________________________________ (1)Reclassifications from accumulated other comprehensive (loss) income during the year ended December 31, 2024 (Predecessor) to earnings includes the foreign currency translation adjustment of $(4.7) million released related to the Company’s sale of the Carved-Out Business (refer to Note 3 “Related Party Transactions” for further information). (2)Reclassifications from accumulated other comprehensive (loss) income during the year ended December 31, 2024 (Predecessor) to earnings includes $9.1 million released as a result of de-designating a EUR-GBP cross currency swap related to the Company’s sale of the Carved-Out Business (refer to Note 3 “Related Party Transactions” for further information). (3)As of December 31, 2025 (Successor), approximately $16.9 million of existing gains and losses are estimated to be reclassified into earnings within the next 12 months.

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

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration