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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following summarizes revenue by reportable segments:

			Three-Month Period															Six-Month Period
			Successor									Predecessor						Successor									Predecessor
			Three Months Ended June 30, 2022									Three Months Ended June 30, 2021						Period from January 27, 2022 through June 30, 2022									Period from January 1, 2022 through January 26, 2022						Six Months Ended June 30, 2021
Owned and Operated			$	157,952								$	160,816					$	284,836								$	49,249					$	300,242
Partner Network			19,077									8,763						30,427									3,463						16,898
Subscription			42,768									—						70,642									—						—
Total revenue			$	219,797								$	169,579					$	385,905								$	52,712					$	317,140

The following summarizes adjusted gross profit by reportable segments:

			Successor									Predecessor						Successor									Predecessor
			Three Months Ended June 30, 2022									Three Months Ended June 30, 2021						Period from January 27, 2022 through June 30, 2022									Period from January 1, 2022 through January 26, 2022						Six Months Ended June 30, 2021
Owned and Operated			$	36,799								$	37,572					$	66,217								$	8,768					$	69,700
Partner Network			13,908									8,763						22,321									3,012						16,898
Subscription			22,890									—						35,537									—						—
Adjusted gross profit			$	73,597								$	46,335					$	124,075								$	11,780					$	86,598
Other cost of revenues			6,358									2,923						11,112									575						6,410
Salaries, commissions and benefits			49,511									17,698						97,709									31,181						32,893
Selling, general and administrative			16,747									6,277						31,835									15,665						13,227
Depreciation and amortization			32,094									3,112						54,022									1,000						6,801
Interest expense			7,324									4,476						12,100									1,049						8,524
Change in fair value of warrant liabilities			(4,139)									—						9,622									—						—
Net income (loss) before income tax			$	(34,298)								$	11,849					$	(92,325)								$	(37,690)					$	18,743

Schedule of Revenues Disaggregated by Geographic Region

The following table presents the revenues disaggregated by geographic region.

			Three-Month Period															Six-Month Period
			Successor									Predecessor						Successor									Predecessor
			Three Months Ended June 30, 2022									Three Months Ended June 30, 2021						Period from January 27, 2022 through June 30, 2022									Period from January 1, 2022 through January 26, 2022						Six Months Ended June 30, 2021
Geographic Region
United States			$	167,872								$	163,072					$	302,480								$	51,701					$	307,630
United Kingdom			42,924									168						70,643									—						169
Other international			9,001									6,339						12,782									1,011						9,341
Total revenue			$	219,797								$	169,579					$	385,905								$	52,712					$	317,140

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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