REORGANIZATION ITEMS

12 Months Ended

Dec. 31, 2017

(4) REORGANIZATION ITEMS

ASC 852 requires that transactions and events directly associated with the reorganization be distinguished from the ongoing operations of the business. The company uses “Reorganization items” on its consolidated statements of earnings (loss) to reflect the revenues, expenses, gains and losses that are the direct result of the reorganization of the business. The following tables summarize the components included in “Reorganization items”:


	Successor		Predecessor
(In thousands)	Period from August 1, 2017 through December 31, 2017		Period from April 1, 2017 through July 31, 2017
Gain on settlement of liabilities subject to compromise	$	—		(767,640	)
Fresh start adjustments		—		1,820,018
Debt, sale leaseback and other reorganization items		1,631		316,504
Reorganization-related professional fees		2,668		28,023

Loss on reorganization items	$	4,299		1,396,905