LEASES (Tables)

6 Months Ended

Jun. 30, 2019

The following tables provide the components of lease expense included within the Consolidated Statement of Comprehensive Income (Loss) for the Period from May 2, 2019 through June 30, 2019 (Successor), the Period from April 1, 2019 through May 1, 2019 (Predecessor) and the Period from January 1, 2019 through May 1, 2019 (Predecessor):



	Successor Company		Predecessor Company
(In thousands)	Period from May 2, 2019 through June 30, 2019		Period from April 1, 2019 through May 1, 2019
Operating lease expense	$	25,439	$	11,302
Variable lease expense	$	3,447	$	150



	Successor Company		Predecessor Company
(In thousands)	Period from May 2, 2019 through June 30, 2019		Period from January 1, 2019 through May 1, 2019
Operating lease expense	$	25,439	$	44,667
Variable lease expense	$	3,447	$	476

The following table provides the weighted average remaining lease term and the weighted average discount rate for the Company's leases as of June 30, 2019 (Successor):



	June 30, 2019
Operating lease weighted average remaining lease term (in years)	14.0
Operating lease weighted average discount rate	6.54	%

Lessee, Operating Lease, Liability, Maturity

As of June 30, 2019 (Successor), the Company’s future maturities of operating lease liabilities were as follows:



(In thousands)
2019	$	60,870
2020	136,837
2021	126,445
2022	119,453
2023	106,385
Thereafter	841,655
Total lease payments	$	1,391,645
Less: Effect of discounting	508,729
Total operating lease liability	$	882,916

Schedule of Cash Flow, Supplemental Disclosures

The following table provides supplemental cash flow information related to leases for the Period from May 2, 2019 through June 30, 2019 (Successor) and the Period from January 1, 2019 through May 1, 2019 (Predecessor):



	Successor Company		Predecessor Company
(In thousands)	Period from May 2, 2019 through June 30, 2019		Period from January 1, 2019 through May 1, 2019
Cash paid for amounts included in measurement of operating lease liabilities	$	23,400	$	44,888
Lease liabilities arising from obtaining right-of-use assets⁽¹⁾	$	3,194	$	913,598

⁽¹⁾Lease liabilities from obtaining right-of-use assets include transition liabilities upon adoption of ASC 842, as well as new leases entered into during Period from May 2, 2019 through June 30, 2019 (Successor), Period from April 1, 2019 through May 1, 2019 (Predecessor) and the Period from January 1, 2019 through May 1, 2019 (Predecessor). Upon adoption of fresh start accounting upon Emergence from the Chapter 11 Cases, the Company increased its operating lease obligation by $459.0 million to reflect its operating lease obligation as estimated fair value (see Note 3 - Fresh Start Accounting).