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Restructuring | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring | 17. Restructuring 2024 Plan As previously disclosed, in the third quarter of fiscal 2024 (Predecessor), in connection with the strategic streamlining of its operational structure to optimize its clinical and behavioral product portfolio and its cost-savings initiative, the Company committed to a plan of reduction in force that has resulted in the elimination of certain positions and the termination of employment for certain employees worldwide (the “2024 Plan”). The cumulative amount incurred at June 30, 2025 (Successor) related to the aggregate 2024 Pla n is $21,454, consisting of e mployee termination benefit costs of $19,487, lease termination costs of $168 and other cash restructuring charges of $1,799. The Company fully executed the 2024 Plan during the second quarter of fiscal 2025 (Predecessor). For the period from June 25, 2025 through June 30, 2025 (Successor), the period from March 30, 2025 through June 24, 2025 (Predecessor) and the period from December 29, 2024 through June 24, 2025 (Predecessor), th e components of the Company’s restructuring charges for the 2024 Plan were as follows:
| Successor |  |  |  | Predecessor |
| Period from |  |  |  | Period from |  |  | Period from |
| June 25, 2025 |  |  |  | March 30, 2025 |  |  | December 29, 2024 |
| through June 30, 2025 |  |  |  | through June 24, 2025 |  |  | through June 24, 2025 |
Restructuring charges: |  |  |  |  |  |  |  |  |
Employee termination benefit costs | $ | — |  |  |  | $ | 2,617 |  |  | $ | 3,753 |
Other cash restructuring charges |  | — |  |  |  |  | 323 |  |  |  | 658 |
Total restructuring charges | $ | — |  |  |  | $ | 2,940 |  |  | $ | 4,411 |
For the period from June 25, 2025 through June 30, 2025 (Successor), the period from March 30, 2025 through June 24, 2025 (Predecessor) and the period from December 29, 2024 through June 24, 2025 (Predecessor), restructuring charges for the 2024 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Successor |  |  |  | Predecessor |
| Period from |  |  |  | Period from |  |  | Period from |
| June 25, 2025 |  |  |  | March 30, 2025 |  |  | December 29, 2024 |
| through June 30, 2025 |  |  |  | through June 24, 2025 |  |  | through June 24, 2025 |
Cost of revenues | $ | — |  |  |  | $ | (17 | ) |  | $ | (248 | )
Selling, general and administrative expenses |  | — |  |  |  |  | 2,957 |  |  |  | 4,659 |
Total restructuring charges | $ | — |  |  |  | $ | 2,940 |  |  | $ | 4,411 |
The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:
| Employee termination benefit costs |  |  | Lease termination costs |  |  | Other cash restructuring charges |  |  | Total |
Balance at December 30, 2023 (Predecessor) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  | 15,520 |  |  |  | 168 |  |  |  | 1,141 |  |  |  | 16,829 |
Payments |  | (8,590 | ) |  |  | — |  |  |  | (1,141 | ) |  |  | (9,731 | )
Change in estimate |  | 214 |  |  |  | — |  |  |  | — |  |  |  | 214 |
Balance at December 28, 2024 (Predecessor) | $ | 7,144 |  |  | $ | 168 |  |  | $ | — |  |  | $ | 7,312 |
Charges |  | 3,062 |  |  |  | — |  |  |  | 658 |  |  |  | 3,720 |
Payments |  | (4,421 | ) |  |  | (168 | ) |  |  | (658 | ) |  |  | (5,247 | )
Change in estimate |  | 691 |  |  |  | — |  |  |  | — |  |  |  | 691 |
Balance at June 24, 2025 (Predecessor) | $ | 6,476 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,476 |
Balance at June 25, 2025 (Successor) | $ | 6,476 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,476 |
Charges |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Payments |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Change in estimate |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at June 30, 2025 (Successor) | $ | 6,476 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,476 |
At June 30, 2025 (Successor), the Company expects the remaining employee termination benefit liability to be paid in full by the end of fiscal 2027. 2023 Plan As previously disclosed, in the fourth quarter of fiscal 2022 (Predecessor), management reviewed the then-current global business operations of the Company as well as the different functions and systems supporting those operations and contrasted them with the Company's strategic priorities and requirements for fiscal 2023 and beyond. Based on that review, in December 2022 (Predecessor), the Company's management resolved to centralize its global management of certain functions and systems, deprioritize and in some cases cease operations for certain non-strategic business lines, and continue the rationalization of its real estate portfolio to align with its future needs. Throughout December 2022 and January 2023 (Predecessor), management developed and continued refining a detailed plan to achieve these goals. The Company committed to a restructuring plan consisting of (i) an organizational restructuring and rationalization of certain functions and systems to centralize the Company’s management, align resources with strategic business lines and reduce costs associated with certain functions and systems (the “Organizational Restructuring”) and (ii) the continued rationalization of its real estate portfolio and resulting operating lease termination charges and the associated employment termination costs (the “Real Estate Restructuring,” and together with the Organizational Restructuring, the “2023 Plan”). The cumulative amount incurred at June 30, 2025 (Successor) related to the aggregate 2023 Plan is $67,940. The Organizational Restructuring has resulted in the elimination of certain positions and the termination of employment for certain employees worldwide. The cumulative amount incurred at June 30, 2025 (Successor) related to the aggregate employee termination benefit costs related to the Organizational Restructuring under the 2023 Plan is $38,624. The cumulative amount incurred at June 30, 2025 (Successor) related to the aggregate lease termination costs and employee termination benefit costs related to the Real Estate Restructuring under the 2023 Plan is $12,789 and $7,707, respectively. The cumulative amount incurred at June 30, 2025 (Successor) related to the aggregate other cash restructuring charges and total non-cash restructuring charges under the 2023 Pl an is $2,158 and $6,662, resp ectively. For the period from June 25, 2025 through June 30, 2025 (Successor), the period from March 30, 2025 through June 24, 2025 (Predecessor) and the period from December 29, 2024 through June 24, 2025 (Predecessor), the components of the Company’s restructuring charges for the 2023 Plan were as follows:
| Successor |  |  |  | Predecessor |
| Period from |  |  |  | Period from |  |  | Period from |
| June 25, 2025 |  |  |  | March 30, 2025 |  |  | December 29, 2024 |
| through June 30, 2025 |  |  |  | through June 24, 2025 |  |  | through June 24, 2025 |
Restructuring charges: |  |  |  |  |  |  |  |  |
Real Estate Restructuring - Employee termination benefit costs | $ | — |  |  |  | $ | (2,054 | ) |  | $ | (2,207 | )
Organizational Restructuring - Employee termination benefit costs |  | — |  |  |  |  | (1,980 | ) |  |  | (2,326 | )
Total restructuring charges | $ | — |  |  |  | $ | (4,034 | ) |  | $ | (4,533 | )
For the period from June 25, 2025 through June 30, 2025 (Successor), the period from March 30, 2025 through June 24, 2025 (Predecessor) and the period from December 29, 2024 through June 24, 2025 (Predecessor), restructuring charges for the 2023 Plan were recorded in the Company’s consolidated statements of operations as follows:
| Successor |  |  |  | Predecessor |
| Period from |  |  |  | Period from |  |  | Period from |
| June 25, 2025 |  |  |  | March 30, 2025 |  |  | December 29, 2024 |
| through June 30, 2025 |  |  |  | through June 24, 2025 |  |  | through June 24, 2025 |
Cost of revenues | $ | — |  |  |  | $ | (2,054 | ) |  | $ | (2,207 | )
Selling, general and administrative expenses |  | — |  |  |  |  | (1,980 | ) |  |  | (2,326 | )
Total restructuring charges | $ | — |  |  |  | $ | (4,034 | ) |  | $ | (4,533 | )
The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:
| Real Estate Restructuring - |  |  | Real Estate Restructuring - |  |  | Organizational Restructuring - |  |  |  |  |  |  |
| Lease termination costs |  |  | Employee termination benefit costs |  |  | Employee termination benefit costs |  |  | Other cash restructuring charges |  |  | Total |
Balance at December 31, 2022 (Predecessor) | $ | — |  |  | $ | 1,798 |  |  | $ | 11,810 |  |  | $ | — |  |  | $ | 13,608 |
Charges |  | 12,924 |  |  |  | 5,678 |  |  |  | 26,927 |  |  |  | 1,577 |  |  |  | 47,106 |
Payments |  | (12,768 | ) |  |  | (4,813 | ) |  |  | (15,142 | ) |  |  | (1,233 | ) |  |  | (33,956 | )
Balance at December 30, 2023 (Predecessor) | $ | 156 |  |  | $ | 2,663 |  |  | $ | 23,595 |  |  | $ | 344 |  |  | $ | 26,758 |
Charges |  | — |  |  |  | 2,363 |  |  |  | 2,547 |  |  |  | 581 |  |  |  | 5,491 |
Payments |  | (21 | ) |  |  | (1,835 | ) |  |  | (19,342 | ) |  |  | (925 | ) |  |  | (22,123 | )
Change in estimate |  | (135 | ) |  |  | 75 |  |  |  | (334 | ) |  |  | — |  |  |  | (394 | )
Balance at December 28, 2024 (Predecessor) | $ | — |  |  | $ | 3,266 |  |  | $ | 6,466 |  |  | $ | — |  |  | $ | 9,732 |
Payments |  | — |  |  |  | (619 | ) |  |  | (2,953 | ) |  |  | — |  |  |  | (3,572 | )
Change in estimate |  | — |  |  |  | (2,207 | ) |  |  | (2,326 | ) |  |  | — |  |  |  | (4,533 | )
Balance at June 24, 2025 (Predecessor) | $ | — |  |  | $ | 440 |  |  | $ | 1,187 |  |  | $ | — |  |  | $ | 1,627 |
Balance at June 25, 2025 (Successor) | $ | — |  |  | $ | 440 |  |  | $ | 1,187 |  |  | $ | — |  |  | $ | 1,627 |
Payments |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Change in estimate |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at June 30, 2025 (Successor) | $ | — |  |  | $ | 440 |  |  | $ | 1,187 |  |  | $ | — |  |  | $ | 1,627 |
At June 30, 2025 (Successor), the Co mpany expects the remaining employee termination benefit liability related to the Real Estate Restructuring and the remaining employee termination benefit liability related to the Organizational Restructuring to be paid in full by the end of fiscal 2026.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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