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Fresh Start Accounting - Schedule of Consolidated Balance Sheet as of Emergence Date (Detail) - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 30, 2025
Jun. 25, 2025
Jun. 24, 2025
Dec. 28, 2024
Sep. 28, 2024
Jun. 29, 2024
Dec. 30, 2023
CURRENT ASSETS                
Cash and cash equivalents $ 170,145     $ 140,585 $ 53,024      
Restricted cash 7,421     32,980 3,003      
Receivables (net of allowances) 14,902     12,115 14,428      
Prepaid income taxes 6,290     40,821 11,676      
Prepaid marketing and advertising 3,599     6,005 4,969      
Prepaid expenses and other current assets 16,965     19,830 15,548      
TOTAL CURRENT ASSETS 219,322     252,336 102,648      
Property and equipment, net 8,892     9,742 15,798      
Operating lease assets 3,229     3,491 42,047      
Goodwill 200,073   $ 199,053 199,053 239,583     $ 243,441
Other intangible assets, net 507,629     529,000 115,762      
Deferred income taxes 16,298     16,581 16,686      
Other noncurrent assets 13,309     13,346 17,752      
TOTAL ASSETS 968,752     1,023,549 550,276      
CURRENT LIABILITIES                
Portion of operating lease liabilities due within one year 1,256     9,094 8,168      
Accounts payable 11,340     9,779 17,803      
Salaries and wages payable 33,464     32,438 53,143      
Accrued marketing and advertising 14,788     9,732 12,805      
Accrued interest 977       11,322      
Other accrued liabilities 26,056     39,255 20,593      
Income taxes payable 16,448     2,999 2,339      
Deferred revenue 27,631     29,782 31,655      
TOTAL CURRENT LIABILITIES 132,960     133,079 173,331      
Long-term debt, net 465,492     465,518 1,430,643      
Long-term operating lease liabilities 2,198     2,588 44,322      
Deferred income taxes 44,465     43,167 14,762      
Other noncurrent liabilities 648     664 1,590      
TOTAL LIABILITIES 645,763     645,016 1,664,648      
TOTAL EQUITY (DEFICIT)                
Successor common stock 378,533     378,533        
Predecessor treasury stock         (3,024,710)      
Retained earnings (56,262)       1,936,170      
Accumulated other comprehensive loss 718       (25,832)      
TOTAL EQUITY (DEFICIT) 322,989 $ 380,969 $ 378,533 378,533 (1,114,372) $ (1,128,720) $ (1,087,283) $ (761,094)
TOTAL LIABILITIES AND TOTAL EQUITY (DEFICIT) $ 968,752     1,023,549 $ 550,276      
Predecessor                
CURRENT ASSETS                
Cash and cash equivalents       164,008        
Restricted cash       19,007        
Receivables (net of allowances)       12,115        
Prepaid income taxes       38,404        
Prepaid marketing and advertising       6,005        
Prepaid expenses and other current assets       19,961        
TOTAL CURRENT ASSETS       259,500        
Property and equipment, net       3,566        
Operating lease assets       5,117        
Goodwill       242,422        
Other intangible assets, net       82,145        
Deferred income taxes       16,988        
Other noncurrent assets       18,229        
TOTAL ASSETS       627,967        
CURRENT LIABILITIES                
Portion of operating lease liabilities due within one year       514        
Accounts payable       9,779        
Salaries and wages payable       21,768        
Accrued marketing and advertising       9,732        
Other accrued liabilities       30,840        
Income taxes payable       2,999        
Deferred revenue       29,782        
TOTAL CURRENT LIABILITIES       105,414        
Long-term operating lease liabilities       1,637        
Deferred income taxes       10,759        
Other noncurrent liabilities       664        
Liabilities subject to compromise       1,678,867        
TOTAL LIABILITIES       1,797,341        
TOTAL EQUITY (DEFICIT)                
Predecessor treasury stock       (3,000,164)        
Retained earnings       1,845,916        
Accumulated other comprehensive loss       (15,126)        
TOTAL EQUITY (DEFICIT)       (1,169,374)        
TOTAL LIABILITIES AND TOTAL EQUITY (DEFICIT)       627,967        
Reorganization Adjustments                
CURRENT ASSETS                
Cash and cash equivalents [1]       (23,423)        
Restricted cash [2]       13,973        
TOTAL CURRENT ASSETS       (9,450)        
TOTAL ASSETS       (9,450)        
CURRENT LIABILITIES                
Portion of operating lease liabilities due within one year [3]       6,540        
Salaries and wages payable [4]       10,670        
Other accrued liabilities [5]       8,415        
TOTAL CURRENT LIABILITIES       25,625        
Long-term debt, net [6]       463,702        
Long-term operating lease liabilities [7]       39,681        
Liabilities subject to compromise [8]       (1,678,867)        
TOTAL LIABILITIES       (1,149,859)        
TOTAL EQUITY (DEFICIT)                
Successor common stock [9]       378,533        
Predecessor treasury stock [10]       3,000,164        
Retained earnings [11]       (2,238,288)        
TOTAL EQUITY (DEFICIT)       1,140,409        
TOTAL LIABILITIES AND TOTAL EQUITY (DEFICIT)       (9,450)        
Fresh Start Adjustments                
CURRENT ASSETS                
Prepaid income taxes [12]       2,417        
Prepaid expenses and other current assets [13]       (131)        
TOTAL CURRENT ASSETS       2,286        
Property and equipment, net [14]       6,176        
Operating lease assets [15]       (1,626)        
Goodwill [16]       (43,369)        
Other intangible assets, net [17]       446,855        
Deferred income taxes [18]       (407)        
Other noncurrent assets [19]       (4,883)        
TOTAL ASSETS       405,032        
CURRENT LIABILITIES                
Portion of operating lease liabilities due within one year [20]       2,040        
TOTAL CURRENT LIABILITIES       2,040        
Long-term debt, net [21]       1,816        
Long-term operating lease liabilities [22]       (38,730)        
Deferred income taxes [18]       32,408        
TOTAL LIABILITIES       (2,466)        
TOTAL EQUITY (DEFICIT)                
Retained earnings [23]       392,372        
Accumulated other comprehensive loss [24]       15,126        
TOTAL EQUITY (DEFICIT)       407,498        
TOTAL LIABILITIES AND TOTAL EQUITY (DEFICIT)       $ 405,032        
[1] Changes in cash and cash equivalents included the following:

Funding of professional fee escrow account

$

(10,041

)

Payment for bankruptcy-related professional fees and debt issuance costs

 

(9,425

)

Restriction of cash related to Letter of Credit collateralization

 

(4,025

)

Release of cash reserved for utilities

 

93

 

Payment for continuing Letter of Credit fee

 

(25

)

Changes in cash and cash equivalents

$

(23,423

)
[2] Changes in restricted cash included the following:

Funding of professional fee escrow account

$

10,041

 

Restriction of cash related to Letter of Credit collateralization

 

4,025

 

Release of cash reserved for utilities

 

(93

)

Changes in restricted cash

$

13,973

 
[3] Changes in the portion of operating lease liabilities due within one year were due to the reinstatement of the portion of operating lease liabilities due within one year from liabilities subject to compromise.
[4] Changes in salaries and wages payable were due to the reinstatement of salaries and wages payable from liabilities subject to compromise.
[5] Changes in other accrued liabilities included the following:

Accrual of bankruptcy-related professional fees

$

13,167

 

Payment for bankruptcy-related professional fees

 

(4,752

)

Changes in other accrued liabilities

$

8,415

 
[6] Changes in long-term debt, net included the following:

Issuance of New Term Loan Facility (see Note 9)

$

465,000

 

Capitalization of debt issuance costs

 

(1,298

)

Changes in long-term debt

$

463,702

 
[7] Changes in long-term operating lease liabilities were due to the reinstatement of the long-term portion of operating lease liabilities from liabilities subject to compromise.
[8] Liabilities subject to compromise settled in accordance with the Plan:

Prepetition Term Loan Facility due April 13, 2028

$

945,000

 

Prepetition Senior Secured Notes due April 15, 2029

 

500,000

 

Prepetition Revolving Credit Facility due April 23, 2026

 

171,341

 

Long-term portion of operating lease liabilities

 

39,681

 

Accrued salaries and wages payable

 

10,670

 

Portion of operating lease liabilities due within one year

 

6,540

 

Accrued interest payable

 

5,635

 

Total liabilities subject to compromise

$

1,678,867

 

Less: Issuance of New Term Loan Facility issued to holders of prepetition First Lien Claims

 

(465,000

)

Less: Implied equity value issued to holders of prepetition First Lien Claims (9,100 Successor common shares)

 

(344,465

)

Less: Reinstatement of long-term operating lease liabilities

 

(39,681

)

Less: Reinstatement of salaries and wages payable

 

(10,670

)

Less: Reinstatement of portion of operating lease liabilities due within one year

 

(6,540

)

Gain on settlement of liabilities subject to compromise

$

812,511

 
[9] Reflects the Successor equity including the issuance of 9,987 shares of Successor Common Stock pursuant to the Plan.
[10] Changes to Predecessor common stock and treasury stock were due to the cancellation of Predecessor common stock and treasury stock per the Plan.
[11] Changes to retained earnings included the following:

Gain on settlement of liabilities subject to compromise

$

812,511

 

Accrual of bankruptcy-related professional fees

 

(13,167

)

Accrual of continuing Letter of Credit fees

 

(25

)

Payment for bankruptcy related professional fees

 

(3,374

)

 Total adjustments impacting reorganization items, net

$

795,945

 

Cancellation of Predecessor common stock and treasury stock

 

(3,000,164

)

Implied equity value issued to Predecessor equity holders (900 Successor common shares)

 

(34,069

)

Changes in retained earnings

$

(2,238,288

)
[12] The change in prepaid income taxes reflects the net change in the federal and state tax deductions for the lease termination liability and write-off of sublease asset associated with the Corporate Headquarters Lease (as defined below) due to the adoption of fresh start accounting.
[13] The change in prepaid expenses and other current assets represents the fair value adjustment to the Company’s other current assets relating to the write-off of a sublease asset associated with the Corporate Headquarters Lease.
[14] The change in property and equipment, net primarily represents the fair value adjustment to the Company’s leasehold improvements, office furniture and equipment and computer hardware and software. The Company valued the property and equipment, net using the indirect cost method under the cost approach. The indirect cost method considers historical acquisition costs for the assets adjusted for inflation, as well as factors in any potential obsolescence based on the current condition of the assets.
[15] The change in operating lease assets reflects the adjustment to the Company’s operating lease assets relating to the recognition of sublease interest, decrease in short term leases due to applying the short term lease exemption, and the impact of changes to the incremental borrowing rate (“IBR”).
[16] The change in goodwill reflects the adjustment to record excess reorganization value not attributable to a specific assets class.
[17] Changes to other intangible assets, net included the following:

Recognition of other intangible assets recorded at fair value (see Note 8)

$

529,000

 

Adjustment to write-off capitalized cost and related accumulated amortization of other intangible assets as part of fresh start accounting

 

(82,145

)

Changes in other intangible assets, net

$

446,855

 
[18] The change to deferred income taxes was due to the increase of the net deferred tax liability by $32,815 resulting from the changes in fair value of assets and liabilities due to the adoption of fresh start accounting.
[19] The change in other noncurrent assets reflects the fair value adjustment to the Company’s noncurrent assets relating to the write-off of a sublease asset associated with the Corporate Headquarters Lease.
[20] The change in operating lease liabilities due within one year reflects the fair value adjustment to the Company’s operating lease liabilities, including the adjustments associated with the Corporate Headquarters Lease (see Note 6 “Leases” for further discussion). As part of adjusting the Corporate Headquarters Lease to the allowable claim, the operating lease liability due within one year increased by $3,749. Decreases in operating lease liabilities due within one year reflect the decrease in short term leases due to applying the short term lease exemption, and the impact of changes to the IBR.
[21] The change in long-term debt, net reflects the fair value adjustment to the Company’s long-term debt due to the New Term Loan Facility (see Note 9 “Long-term Debt”).
[22] Changes to long-term operating lease liabilities included the following:

Adjustment to long-term operating lease liability associated with the Corporate Headquarters Lease (See Note 6)

$

(38,545

)

Other adjustment to record long-term operating lease liabilities at fair value

 

(185

)

Changes in long-term operating lease liabilities

$

(38,730

)
[23] Changes to retained earnings reflect the net cumulative impact of the fresh start adjustments on retained earnings as follows:

Other intangible assets

$

446,855

 

Long-term operating lease liabilities

 

38,730

 

Goodwill

 

(43,369

)

Accumulated other comprehensive loss

 

(17,206

)

Property and equipment

 

6,176

 

Other current and noncurrent assets

 

(5,013

)

Portion of operating lease liabilities within one year

 

(2,040

)

Long-term debt

 

(1,816

)

Operating lease assets

 

(1,626

)

Total fresh start adjustments impacting reorganization items, net

$

420,691

 

Income tax effects on deferred income taxes

 

(32,815

)

Income tax effects on accumulated other comprehensive income

 

2,079

 

Income tax effects on prepaid income taxes

 

2,417

 

Changes in retained earnings

$

392,372

 
[24] Changes to accumulated other comprehensive income (loss) represent the reset of the Predecessor balance due to the adoption of fresh start accounting.