Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Cost for the Awards on a Straight-Line Basis

The Company will recognize compensation cost for the awards on a straight-line basis over a five-year vesting period based on the fair value of the award at the date of grant. The fair value of each option grant is estimated on the grant date using the Black-Scholes option-pricing model, and the following weighted average assumptions:

	Successor
	Year Ended December 31, 2023			July 25, 2022 through December 31, 2022
Underlying price	$	100.00		$	100.00
Volatility rate	45.2		%	45.5		%
Expected term (in years)	6.1			6.1
Risk-free interest rate	4.1		%	4.2		%