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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) Before Income Taxes | Domestic and foreign components of the Company’s income (loss) before income taxes were as follows:
| Successor |  |  | Predecessor
| Period from January 27, 2022 through December 31, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Year Ended December 31, 2021
Domestic | $ | (480,672) |  |  |  | $ | (38,068) |  |  | $ | 30,521 |
Foreign | (63,383) |  |  |  | 378 |  |  | 3,440 |
Income (loss) before income taxes | $ | (544,055) |  |  |  | $ | (37,690) |  |  | $ | 33,961 |
Schedule of Income Tax Provision (Benefit) | The components of the income tax provision (benefit) were as follows:
| Successor |  |  | Predecessor
| Period from January 27, 2022 through December 31, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Year Ended December 31, 2021
Current: |  |  |  | — |  | —
Federal | $ | 79 |  |  |  | $ | — |  |  | $ | — |
State | 426 |  |  |  | 17 |  |  | 55 |
Foreign | 5,317 |  |  |  | 170 |  |  | 1,882 |
Total current provision | $ | 5,822 |  |  |  | $ | 187 |  |  | $ | 1,937 |
Deferred: |  |  |  |  |  |
Federal | $ | (89,997) |  |  |  | $ | — |  |  | $ | — |
State | (8,769) |  |  |  | — |  |  | — |
Foreign | (9,032) |  |  |  | (816) |  |  | (972) |
Total deferred (benefit) | $ | (107,798) |  |  |  | $ | (816) |  |  | $ | (972) |
Income tax (benefit) provision | $ | (101,976) |  |  |  | $ | (629) |  |  | $ | 965 |
Schedule of Effective Income Tax Rate | A reconciliation of the statutory tax rate to the effective income tax rate for the periods presented was as follows:
| Successor |  |  | Predecessor
| Period from January 27, 2022 through December 31, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Year Ended December 31, 2021
| Amount | % |  |  | Amount | % |  | Amount | %
Income tax (benefit) provision at statutory tax rate | $ | (114,252) |  | 21.0 | % |  |  | $ | (7,915) |  | 21.0% |  | $ | 7,132 |  | 21.0%
State tax, net of federal | (5,470) |  | 1.0 |  |  | 15 |  | — |  | 55 |  | 0.2
Non-Controlling interests | 19,205 |  | (3.5) |  |  | — |  | — |  | — |  | —
Effect of flow-through entity | — |  | — |  |  | 7,994 |  | (21.2) |  | (6,409) |  | (18.9)
Changes in unrecognized tax benefits | 8,940 |  | (1.6) |  |  | — |  | — |  | — |  | —
Foreign income taxes at different statutory rate | 1,152 |  | (0.2) |  |  | 18 |  | — |  | 88 |  | 0.3
Investment in partnership basis adjustments | (13,491) |  | 2.4 |  |  | — |  | — |  | — |  | —
Other | 1,940 |  | (0.4) |  |  | (741) |  | 1.9 |  | 99 |  | 0.2
Effective income tax rate | $ | (101,976) |  | 18.7% |  |  | $ | (629) |  | 1.7% |  | $ | 965 |  | 2.8%
Schedule of Unrecognized Tax Benefits | The aggregate amount of gross unrecognized tax benefits related to uncertain tax positions were as follows:
|  | Gross Unrecognized Tax Benefits
January 1, 2021 (Predecessor) |  | $ | — |
Increases based on tax positions related to prior periods |  | — |
Increases based on tax positions related to current periods |  | — |
December 31, 2021 (Predecessor) |  | $ | — |
|  | Gross Unrecognized Tax Benefits
January 1, 2022 (Predecessor) |  | $ | — |
Increases based on tax positions related to prior periods |  | — |
Increases based on tax positions related to current periods |  | — |
January 26, 2022 (Predecessor) |  | $ | — |
|  | Gross Unrecognized Tax Benefits
January 27, 2022 (Successor) |  | $ | — |
Increases based on tax positions related to prior periods |  | 221 |
Increases based on tax positions related to current periods |  | 11,061 |
December 31, 2022 (Successor) |  | $ | 11,282 |
Schedule of Tax Years that Remain Subject to Examination in Major Tax Jurisdictions | The earliest tax years that remain subject to examination in the major tax jurisdictions in which the Company operates were as follows:
Jurisdiction |  | Tax Year
United States |  | 2019
California |  | 2018
United Kingdom |  | 2021
Netherlands |  | 2016
Schedule of Deferred Income Taxes | The components of the deferred income taxes were as follows:
| Successor |  | Predecessor
| December 31, 2022 |  | December 31, 2021
Deferred tax assets: |  |  |
Net operating losses | $ | 16,053 |  |  | $ | — |
Interest expense | 1,196 |  |  | 165 |
Other | 1,920 |  |  | 5 |
Total deferred tax assets | 19,169 |  |  | 170 |
Valuation allowance | (1,087) |  |  | (170) |
Total net deferred tax assets | $ | 18,082 |  |  | $ | — |
Deferred tax liabilities: |  |  |
Investment in partnerships | $ | 21,144 |  |  | $ | — |
Intangibles | 40,112 |  |  | 7,789 |
Other | 171 |  |  | — |
Total deferred tax liabilities | $ | 61,427 |  |  | $ | 7,789 |
Net deferred tax liabilities | $ | 43,345 |  |  | $ | 7,789 |
Schedule of Valuation Allowance | The change in the valuation allowance was comprised of the following:
|  | Valuation Allowance
January 1, 2021 (Predecessor) |  | $ | 170 |
Increases in valuation allowance recorded through earnings |  | — |
December 31, 2021 (Predecessor) |  | $ | 170 |
|  | Valuation Allowance
January 1, 2022 (Predecessor) |  | $ | 170 |
Increases in valuation allowance recorded through earnings |  | — |
January 26, 2022 (Predecessor) |  | $ | 170 |
|  | Valuation Allowance
January 27, 2022 (Successor) |  | $ | 170 |
Increases in valuation allowance recorded through earnings |  | 917 |
December 31, 2022 (Successor) |  | $ | 1,087 |

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