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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Components of Lease Expense | 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 December 31, 2019 (Successor) and the period from January 1, 2019 through May 1, 2019 (Predecessor):
| Successor Company |  |  | Predecessor Company
| Period from May 2, 2019 through December 31, |  |  | Period from January 1, 2019 through May 1,
(In thousands) | 2019 |  |  | 2019
Operating lease expense | $ | 100,835 |  |  |  | $ | 44,667 |
Variable lease expense | $ | 15,940 |  |  |  | $ | 476 |
The following table provides the weighted average remaining lease term and the weighted average discount rate for the Company's leases as of December 31, 2019 (Successor):
| December 31, 2019
Operating lease weighted average remaining lease term (in years) | 13.8 |
Operating lease weighted average discount rate | 6.52 | %
Lessee, Operating Lease, Liability, Maturity | As of December 31, 2019 (Successor), the Company’s future maturities of operating lease liabilities were as follows:
(In thousands)
2020 | $ | 129,324 |
2021 | 131,059 |
2022 | 124,343 |
2023 | 110,721 |
2024 | 100,667 |
Thereafter | 762,811 |
Total lease payments | $ | 1,358,925 |
Less: Effect of discounting | 484,966 |
Total operating lease liability | $ | 873,959 |
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 December 31, 2019 (Successor) and the period from January 1, 2019 through May 1, 2019 (Predecessor):
| Successor Company |  |  | Predecessor Company
| Period from May 2, 2019 through December 31, |  |  | Period from January 1, 2019 through May 1
(In thousands) | 2019 |  |  | 2019
Cash paid for amounts included in measurement of operating lease liabilities | $ | 89,567 |  |  |  | $ | 44,888 |
Lease liabilities arising from obtaining right-of-use assets(1) | $ | 29,498 |  |  |  | $ | 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 the period from May 2, 2019 through December 31, 2019 (Successor) 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). The Company reflects changes in the lease liability and changes in the ROU asset on a net basis in the Statements of Cash Flows.

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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=77888426&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=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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