| Change in Carrying Value of Goodwill |
The change in the carrying value of goodwill was as follows:
|
|
|
|
|
Balance as of December 28, 2024 (Predecessor) |
|
$ |
239,583 |
|
Effect of exchange rate changes |
|
|
2,839 |
|
Balance as of June 24, 2025 (Predecessor) - Prior to fresh start accounting |
|
$ |
242,422 |
|
Fresh start accounting adjustments |
|
|
(43,369 |
) |
Balance as of June 24, 2025 (Predecessor) |
|
$ |
199,053 |
|
|
|
|
|
|
Balance as of June 25, 2025 (Successor) |
|
$ |
199,053 |
|
Goodwill acquired during the period |
|
|
1,020 |
|
Effect of exchange rate changes |
|
|
62 |
|
Balance as of December 31, 2025 (Successor) |
|
$ |
200,135 |
|
Effect of exchange rate changes |
|
|
(135 |
) |
Balance as of March 31, 2026 (Successor) |
|
$ |
200,000 |
|
|
| Components of Other Intangible Assets, Net |
The components of other intangible assets, net as of March 31, 2026 (Successor) and December 31, 2025 (Successor) were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
March 31, |
|
|
|
2026 |
|
|
|
|
|
Gross |
|
|
|
|
|
Net |
|
|
|
Useful |
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|
|
Life |
|
Value |
|
|
Amortization |
|
|
Value |
|
Indefinite-lived intangible asset: |
|
|
|
|
|
|
|
|
|
|
|
Trade name |
|
Indefinite |
|
$ |
320,000 |
|
|
$ |
— |
|
|
$ |
320,000 |
|
Finite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Database |
|
3 years |
|
|
46,000 |
|
|
|
11,763 |
|
|
|
34,237 |
|
Developed technology |
|
3-6 years |
|
|
70,000 |
|
|
|
14,959 |
|
|
|
55,041 |
|
Customers/subscribers |
|
1 year |
|
|
58,000 |
|
|
|
44,493 |
|
|
|
13,507 |
|
Customer relationships |
|
6 years |
|
|
35,000 |
|
|
|
4,475 |
|
|
|
30,525 |
|
Capitalized software and website development costs |
|
3 years |
|
|
19,683 |
|
|
|
1,465 |
|
|
|
18,218 |
|
Total other intangible assets |
|
|
|
$ |
548,683 |
|
|
$ |
77,155 |
|
|
$ |
471,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
December 31, |
|
|
|
2025 |
|
|
|
|
|
Gross |
|
|
|
|
|
Net |
|
|
|
Useful |
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|
|
Life |
|
Value |
|
|
Amortization |
|
|
Value |
|
Indefinite-lived intangible asset: |
|
|
|
|
|
|
|
|
|
|
|
Trade name |
|
Indefinite |
|
$ |
320,000 |
|
|
$ |
— |
|
|
$ |
320,000 |
|
Finite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Database |
|
3 years |
|
|
46,000 |
|
|
|
7,982 |
|
|
|
38,018 |
|
Developed technology |
|
3-6 years |
|
|
70,000 |
|
|
|
10,151 |
|
|
|
59,849 |
|
Customers/subscribers |
|
1 year |
|
|
58,000 |
|
|
|
30,192 |
|
|
|
27,808 |
|
Customer relationships |
|
6 years |
|
|
35,000 |
|
|
|
3,036 |
|
|
|
31,964 |
|
Capitalized software and website development costs |
|
3 years |
|
|
13,552 |
|
|
|
527 |
|
|
|
13,025 |
|
Total other intangible assets |
|
|
|
$ |
542,552 |
|
|
$ |
51,888 |
|
|
$ |
490,664 |
|
|
| Schedule of Estimated Amortization Expense of Finite-lived Intangible Assets |
Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows:
|
|
|
|
|
Remainder of fiscal 2026 |
|
$ |
49,090 |
|
Fiscal 2027 |
|
$ |
47,258 |
|
Fiscal 2028 |
|
$ |
30,587 |
|
Fiscal 2029 |
|
$ |
10,318 |
|
Fiscal 2030 |
|
$ |
9,667 |
|
Fiscal 2031 |
|
$ |
4,608 |
|
Thereafter |
|
$ |
— |
|
|