XML 48 R38.htm IDEA: XBRL DOCUMENT v3.25.3

Restructuring (Tables)

9 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

Schedule of Components of Restructuring Expenses

For the three months ended September 30, 2025 (Successor), the period from June 25, 2025 through September 30, 2025 (Successor) and the period from December 29, 2024 through June 24, 2025 (Predecessor), the components of the Company’s restructuring charges for the 2024 Plan were as follows:

	Successor									Predecessor
					Period from					Period from
	Three Months Ended				June 25, 2025					December 29, 2024
	September 30, 2025				through September 30, 2025					through June 24, 2025
Restructuring charges:
Employee termination benefit costs	$	38			$	38				$	3,753
Other cash restructuring charges		84				84					658
Total restructuring charges	$	122			$	122				$	4,411

For the three months ended September 30, 2025 (Successor), the period from June 25, 2025 through September 30, 2025 (Successor) 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
	Three Months Ended				June 25, 2025					December 29, 2024
	September 30, 2025				through September 30, 2025					through June 24, 2025
Cost of revenues	$	23			$	23				$	(248	)
Selling, general and administrative expenses		99				99					4,659
Total restructuring charges	$	122			$	122				$	4,411

For the three months ended September 30, 2025 (Successor), the period from June 25, 2025 through September 30, 2025 (Successor) 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
	Three Months Ended				June 25, 2025					December 29, 2024
	September 30, 2025				through September 30, 2025					through June 24, 2025
Restructuring charges:
Real Estate Restructuring - Employee termination benefit costs	$	—			$	—				$	(2,207	)
Organizational Restructuring - Employee termination benefit costs		—				—					(2,326	)
Total restructuring charges	$	—			$	—				$	(4,533	)

For the three months ended September 30, 2025 (Successor), the period from June 25, 2025 through September 30, 2025 (Successor) 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
	Three Months Ended				June 25, 2025					December 29, 2024
	September 30, 2025				through September 30, 2025					through June 24, 2025
Cost of revenues	$	—			$	—				$	(2,207	)
Selling, general and administrative expenses		—				—					(2,326	)
Total restructuring charges	$	—			$	—				$	(4,533	)

Schedule of Restructuring-related Liabilities

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		—				—				84				84
Payments		(1,323	)			—				(84	)			(1,407	)
Change in estimate		38				—				—				38
Balance at September 30, 2025 (Successor)	$	5,191			$	—			$	—			$	5,191

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		—				(227	)			(409	)			—				(636	)
Change in estimate		—				—				—				—				—
Balance at September 30, 2025 (Successor)	$	—			$	213			$	778			$	—			$	991

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration