v3.24.0.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table presents the assets and liabilities classified as held for sale from discontinued operations as of December 31, 2022 (in thousands):
Successor
December 31, 2022
Carrying amount of assets included as part of discontinued operations:
Current assets:
Cash and cash equivalents $15,701 
Restricted cash, current3,357 
Other current assets, net1,234 
Current assets held for sale from discontinued operations20,292 
Property and equipment, net 860 
Intangible assets, net 121,025 
Goodwill 433,184 
Total assets held for sale from discontinued operations$575,361 
Carrying amount of liabilities included as part of discontinued operations:
Current liabilities:
Protected incentive plan liability, current
$15,436 
Deferred revenue68,611 
Other current liabilities17,371 
Current liabilities held for sale from discontinued operations101,418 
Protected incentive plan liability, non-current
15,824 
Deferred tax liability15,286 
Other liabilities 3,366 
Total liabilities held for sale from discontinued operations$135,894 
The following table presents the summarized discontinued operations consolidated statements of operations (in thousands):
 Successor
Year Ended
December 31, 2023		Period from January 27, 2022 through December 31, 2022
Revenue$190,090 $161,711 
Operating expenses:
Cost of revenue (excluding depreciation and amortization)161,134 99,940 
Salaries and benefits41,972 60,005 
Selling, general, and administrative11,546 12,647 
Depreciation and amortization26,727 49,183 
Impairment of assets held for sale3,276 — 
Impairment of goodwill115,483 — 
Total operating expenses360,138 221,775 
Operating loss(170,048)(60,064)
Other expense, net548 441 
Loss on sale of business4,247 — 
Loss from discontinued operations before income taxes(174,843)(60,505)
Income tax benefit(516)(3,546)
Net loss from discontinued operations$(174,327)$(56,959)

The following table presents the significant non-cash items and capital expenditures for the discontinued operations with respect to the subscription business that are included in the consolidated statements of cash flows (in thousands):

 Successor
Year Ended
December 31, 2023		Period from January 27, 2022 through December 31, 2022
Impairment of assets held for sale$3,276 $— 
Impairment of goodwill
$115,483 $— 
Loss on sale of business$4,247 $— 
Depreciation and amortization$26,727 $49,183 
Stock-based compensation$31,850 $53,715 
Capital expenditures$1,739 $432