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REORGANIZATION ITEMS, NET (Tables)
12 Months Ended
Dec. 31, 2015
REORGANIZATION ITEMS, NET  
Schedule of Reorganization items, net

 

 

 

Successor

 

 

Predecessor

 

 

 

Year Ended
December 31,
2015

 

Period from
July 9 to
December 31,
2014

 

 

Period from
January 1 to
July 9,
2014
(As Reported)

 

Period from
January 1 to
July 9,
2014
Adjustment (c)

 

Period from
January 1 to
July 9,
2014
(As Restated)

 

Professional fees incurred

 

$

708

 

$

968

 

 

$

34,981

 

$

 

$

34,981

 

Trustee fees incurred

 

377

 

623

 

 

251

 

 

251

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reorganization fees

 

$

1,085

 

$

1,591

 

 

$

35,232

 

$

 

$

35,232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on settlement of liabilities subject to compromise

 

$

 

$

 

 

$

(1,187,689

)

$

1,187,689

 

$

 

Net gain on debt and equity discharge and issuance

 

 

 

 

(775,086

)

775,086

 

 

Gain on settlement of liabilities subject to compromise in exchange for equity issuance, net (a)

 

 

 

 

 

(33,832

)

(33,832

)

Fresh-start reporting adjustments (b)

 

 

 

 

1,045,376

 

(131,136

)

914,240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fresh-start adjustment

 

$

 

$

 

 

$

(917,399

)

$

1,797,807

 

$

880,408

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reorganization items, net

 

$

1,085

 

$

1,591

 

 

$

(882,167

)

$

1,797,807

 

$

915,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

For determination of this amount see footnote (a), subnote 1. in Note 1 under the table “Fresh-Start Adjustments.”

 

(b)

For determination of this amount see footnote (c) in Note 1 under the table “Fresh-Start Adjustments.”

 

(c)

See Note 25 — Restatement of Consolidated Financial Statements of the Predecessor Company.