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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2022
Long-Term Debt, Unclassified [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following items as of December 31, 2022 and 2021 (in thousands):
Successor
December 31, 2022December 31, 2021
Credit Facility$145,000 $164,000 
8.000% senior unsecured notes due 2026
550,000 550,000 
Net unamortized debt issuance costs(845)(1,054)
Total Debt, net694,155 712,946 
Less: current maturities of long term debt— — 
Total Debt reflected as long term$694,155 $712,946 
Schedule of interest expense
The following schedule shows the components of interest expense for the year ended December 31, 2022, Prior Successor Period, Prior Predecessor Period and the year ended December 31, 2020 (in thousands):
SuccessorPredecessor
Year Ended December 31, 2022Period from May 18, 2021 through December 31, 2021Period from January 1, 2021 through May 17, 2021Year Ended December 31, 2020
Cash paid for interest$57,685 $33,295 $7,272 $84,823 
Change in accrued interest(826)6,061 (1,503)30,600 
Capitalized interest— (198)— (907)
Amortization of loan costs2,914 1,663 — 5,563 
Other— 32 (1,610)— 
Total interest expense$59,773 $40,853 $4,159 $120,079