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Derivatives (Tables)
12 Months Ended
Dec. 31, 2022
Interest Rate Derivatives [Abstract]  
Summary of Location and Fair Value of Financial Position and Location of Derivative Instruments

The following is a summary of location and fair value of the financial position recorded related to the derivative instruments (in thousands):

 

 

 

 

Fair Value

 

Derivatives
not designated
as hedging
instruments

 

Balance Sheet
Location

 

As of
December 31, 2022
(Successor)

 

 

As of
 December 31, 2021
(Successor)

 

Interest rate swaps

 

Prepaid expenses and other current assets

 

$

11,570

 

 

$

197

 

The following is a summary of location and amount of gains and (losses) recorded related to the derivative instruments (in thousands):

 

 

 

 

Gain/(Loss)

 

Derivatives
not designated
as hedging
instruments

 

Income Statement
Location

 

Year Ended
December 31, 2022
(Successor)

 

 

Year Ended
December 31, 2021
(Successor)

 

 

Period from
February 1, 2020
through
December 31, 2020
(Successor)

 

Interest rate swaps

 

Interest expense, net

 

$

12,429

 

 

$

2,284

 

 

$

(4,383

)