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INTANGIBLE ASSETS—NET (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | Intangible assets, net consisted of the following as of December 31, 2022 (Successor Period):
(In thousands) | Weighted Average Useful Lives (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademark and trade name | 14 |  | $ | 559,328 |  |  | $ | (17,840) |  |  | $ | 541,488 |
Customer relationships | 11 |  | 36,000 |  |  | (1,349) |  |  | 34,651 |
Supply agreement | 5 |  | 38,900 |  |  | (3,325) |  |  | 35,575 |
Formulations | 8 |  | 28,900 |  |  | (1,526) |  |  | 27,374 |
Patents | 20 |  | 80 |  |  | (3) |  |  | 77 |
Total |  |  | $ | 663,208 |  |  | $ | (24,043) |  |  | $ | 639,165 |
Intangible assets, net consisted of the following as of December 31, 2021 (Predecessor Period):
(In thousands) | Weighted Average Useful Lives (Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademark and trade name | 10 |  | $ | 46,004 |  |  | $ | (17,842) |  |  | $ | 28,162 |
Customer relationships | 10 |  | 39,370 |  |  | (16,404) |  |  | 22,966 |
Supply agreement | 10 |  | 25,570 |  |  | (10,654) |  |  | 14,916 |
Formulations | 10 |  | 22,863 |  |  | (9,592) |  |  | 13,271 |
Patents | 20 |  | 270 |  |  | (11) |  |  | 259 |
Total |  |  | $ | 134,077 |  |  | $ | (54,503) |  |  | $ | 79,574 |
Schedule of Expected Amortization Expense | Expected amortization for each of the years between 2023 through 2027, and thereafter are as follows: (In thousands)
Years ending December 31 |
2023 | $ | 56,675 |
2024 | 56,675 |
2025 | 56,675 |
2026 | 56,675 |
2027 | 53,350 |
Thereafter | 359,115 |
| $ | 639,165 |

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