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Shareholders' Equity
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Shareholders' Equity
NOTE 11 — Shareholders' Equity
As of June 30, 2024 and December 31, 2023, the Company owned 33.8% and 33.1% of the membership interests in OpCo, respectively, and non-controlling interest holders owned 66.2% and 67.0% of the membership interests in OpCo, respectively. The Company measures redeemable non-controlling interests (“NCI”) each quarter at the higher of its book value or its redemption value. For the period from April 1, 2024 through June 30, 2024 (Successor), the Company measured redeemable NCI at book value. For the period from June 8, 2023 through June 30, 2023 (Successor), the Company measured redeemable NCI at redemption value. The adjustment to redeemable non-controlling interest is recorded through Additional paid-in capital on the condensed consolidated statement of shareholders' equity and non-controlling interest.
The table below demonstrates the calculation of net loss before income tax attributable to redeemable non-controlling interest holders for the following periods:
Period from
April 1 – June 30, 2024 (Successor)June 8 – June 30, 2023 (Successor)January 1 - June 30, 2024 (Successor)
Net loss before income tax$(19,570)$(111,258)$(65,240)
Redeemable non-controlling interest percentage — Class A OpCo Units66.2 %68.0 %66.2 %
Net loss before income tax attributable to Class A OpCo Units$(12,949)$(75,585)$(43,160)