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LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Schedule of Operating Lease Liability

Maturities of operating lease liabilities as of September 30, 2021 were as follows:

						(In thousands)
Remaining 2021						$	10
2022						25
Total lease payments						$	35
Less: Imputed interest						(1)
Total						$	34

Schedule of Lease Cost

The table below summarizes lease cost for the periods presented:

			Successor									Predecessor
			Three Months Ended September 30, 2021									Three Months Ended September 30, 2020
Operating lease cost			$	10								$	1,692
Variable lease cost			—									245
Short-term lease cost			2,873									2,259
Total lease cost(1)			$	2,883								$	4,196

			Successor									Predecessor
			Period from May 18, 2021 through September 30, 2021									Period from January 1, 2021 through May 17, 2021						Nine Months Ended September 30, 2020
Operating lease cost			$	18								$	41					$	7,970
Variable lease cost			—									—						705
Short-term lease cost			5,033									4,496						7,698
Total lease cost(1)			$	5,051								$	4,537					$	16,373

(1) The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in either lease operating expenses or 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 September 30, 2021									Period from January 1, 2021 through May 17, 2021						Nine Months Ended September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases			$	46								$	48					$	109
Investing cash flow from operating leases			—									—						9,786
Investing cash flow from operating leases—related party			—									—						6,800

X

- 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

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X

- References

No definition available.

+ Details

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X

- 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

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