SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Reconciliation of Financial Measures of Segments to Consolidated Totals

The following is a reconciliation of financial measures of the Company’s segments to the consolidated totals:

	Period from July 28 to December 31, 2022 (Successor):
(In thousands)	Obagi Skincare		Milk Makeup		Total
Net revenue	$	61,090	$	31,283	$	92,373
Cost of goods sold	44,973		15,684		60,657
Gross profit	$	16,117	$	15,599	$	31,716

Reconciliation of Segment Gross Profit to Net Income (Loss) Before Income Taxes

The following table reconciles segment gross profit to net income (loss) before income taxes for the period from July 28 to December 31, 2022 (Successor Period):

	Period from July 28 to December 31, 2022
(In thousands)	Successor
Gross profit	$	31,716
Selling, general and administrative	88,926
Research and development	1,796
Loss on impairment of goodwill	68,715
Interest expense, net	6,230
Change in fair value of derivative warrant liabilities	(6,793)
Other expenses (income), net	(798)
Income (loss) before income taxes	$	(126,360)
Net loss	$	(120,557)