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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Schedule of Operating Lease Liability | Maturities of operating lease liabilities as of June 30, 2021 were as follows:
|  | (In thousands)
Remaining 2021 |  | $ | 20 |
2022 |  | 25 |
2023 |  | — |
2024 |  | — |
Total lease payments |  | $ | 45 |
Less: Imputed interest |  | (1) |
Total |  | $ | 44 |
Schedule of Lease Cost | The table below summarizes lease cost for the periods presented:
| Successor |  |  | Predecessor
| Period from May 18, 2021 through June 30, 2021 |  |  | Period from April 1, 2021 through May 17, 2021 |  | Three months ended June 30, 2020
Operating lease cost | $ | 8 |  |  |  | $ | 9 |  |  | $ | 2,196 |
Variable lease cost | $ | — |  |  |  | $ | — |  |  | $ | 235 |
Short-term lease cost | $ | 2,160 |  |  |  | $ | 2,307 |  |  | $ | 2,629 |
Total lease cost(1) | $ | 2,168 |  |  |  | $ | 2,316 |  |  | $ | 5,060 |
| Successor |  |  | Predecessor
| Period from May 18, 2021 through June 30, 2021 |  |  | Period from January 1, 2021 through May 17, 2021 |  | Six months ended June 30, 2020
Operating lease cost | $ | 8 |  |  |  | $ | 41 |  |  | $ | 6,278 |
Variable lease cost | $ | — |  |  |  | $ | — |  |  | $ | 460 |
Short-term lease cost | $ | 2,160 |  |  |  | $ | 4,496 |  |  | $ | 5,439 |
Total lease cost(1) | $ | 2,168 |  |  |  | $ | 4,537 |  |  | $ | 12,177 |
(1) | The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in general and administrative expenses in the accompanying consolidated statements of operations.
Supplemental cash flow information related to leases was as follows:
| Successor |  |  | Predecessor
| Period from May 18, 2021 through June 30, 2021 |  |  | Period from January 1, 2021 through May 17, 2021 |  | Six months ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases | $ | 15 |  |  |  | $ | 48 |  |  | $ | 72 |
Investing cash flow from operating leases | $ | — |  |  |  | $ | — |  |  | $ | 7,727 |
Investing cash flow from operating leases—related party | $ | — |  |  |  | $ | — |  |  | $ | 6,800 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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