INTANGIBLE ASSETS—NET (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net consisted of the following as of December 31, 2023 (Successor Period):

(In thousands)	Weighted Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademark and trade name	14	$	559,644	$	(59,989)	$	499,655
Customer relationships	11	36,000		(4,532)		31,468
Supply agreement	5	38,900		(11,105)		27,795
Formulations	8	28,900		(5,101)		23,799
Patents	20	154		(8)		146
Total		$	663,598	$	(80,735)	$	582,863

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

Schedule of Expected Amortization Expense

Expected amortization for each of the years between 2024 through 2028, and thereafter are as follows:

(In thousands)

Years ending December 31
2024	$	56,710
2025	56,710
2026	56,710
2027	53,385
2028	48,930
Thereafter	310,418
	$	582,863