Annual report pursuant to Section 13 and 15(d)

Restructuring (Tables)

v3.22.4
Restructuring (Tables)
 12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost
The Company’s restructuring expenses are comprised of the following (in millions):
Successor
Year Ended December 31, 2022
(in millions) Cost of revenues Selling, general
 and administrative		 Total
Severance and employee costs $ 0.3  $ 1.5  $ 1.8 
Other(1)
0.5  3.7  4.2 
Total $ 0.8  $ 5.2  $ 6.0 
From October 20, 2021 through December, 31, 2021
(in millions) Cost of revenues Selling, general
 and administrative		 Total
Severance and employee costs $ 0.1  $ 0.1  $ 0.2 
Other(1)
—  1.2  1.2 
Total $ 0.1  $ 1.3  $ 1.4 
Predecessor
From July 1, 2021 through
October 19, 2021
(in millions) Cost of revenues Selling, general
 and administrative		 Total
Severance and employee costs $ —  $ 1.1  $ 1.1 
Other(1)
0.1  0.3  0.4 
Total $ 0.1  $ 1.4  $ 1.5 
For the year ended June 30, 2021
(in millions) Cost of revenues Selling, general
 and administrative		 Total
Severance and employee costs $ 2.4  $ 1.6  $ 4.0 
Other(1)
0.7  0.8  1.5 
Total $ 3.1  $ 2.4  $ 5.5 
(1) Includes facilities, inventory write-downs, outside services, legal matters, and IT costs.
Schedule of Restructuring and Related Costs The following table summarizes the changes in the Company’s accrued restructuring balance, which are included in Accrued expenses and other current liabilities in the accompanying consolidated balance sheets (in millions).
Successor
Balance at December 31, 2021 $ 1.4 
Restructuring charges 6.0 
Payments (5.9)
Adjustments — 
Balance at December 31, 2022 $ 1.5