INTANGIBLE ASSETS—NET (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net consisted of the following as of December 31, 2022 (Successor Period):

(In thousands)	Weighted Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademark and trade name	14	$	559,328	$	(17,840)	$	541,488
Customer relationships	11	36,000		(1,349)		34,651
Supply agreement	5	38,900		(3,325)		35,575
Formulations	8	28,900		(1,526)		27,374
Patents	20	80		(3)		77
Total		$	663,208	$	(24,043)	$	639,165

Intangible assets, net consisted of the following as of December 31, 2021 (Predecessor Period):

(In thousands)	Weighted Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademark and trade name	10	$	46,004	$	(17,842)	$	28,162
Customer relationships	10	39,370		(16,404)		22,966
Supply agreement	10	25,570		(10,654)		14,916
Formulations	10	22,863		(9,592)		13,271
Patents	20	270		(11)		259
Total		$	134,077	$	(54,503)	$	79,574

Schedule of Expected Amortization Expense

Expected amortization for each of the years between 2023 through 2027, and thereafter are as follows:

(In thousands)

Years ending December 31
2023	$	56,675
2024	56,675
2025	56,675
2026	56,675
2027	53,350
Thereafter	359,115
	$	639,165