Stout performed the remeasurement of a full lease portfolio upon the Company's emergence from bankruptcy in the Real Estate industry.

Work performed during this engagement included the following:

• Reviewing and evaluating contracts
• Extracting all key lease terms
• Calculating values of right-of-use assets and lease liabilities
• Providing journal entries required to record the right-of-use assets and lease liabilities (at emergence date and for the remainder of the first fiscal year)
• Drafting audit-ready documentation to support remeasurement policies and practices.

Stout's Complex Securities team also assisted with incremental borrowing rate (IBR) calculations (cross-collaboration effort).