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REORGANIZATION ITEMS, NET | 6 Months Ended
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Jun. 30, 2020
Reorganizations [Abstract] |
REORGANIZATION ITEMS, NET | REORGANIZATION ITEMS, NET Reorganization items incurred as a result of the Chapter 11 Cases are presented separately in the accompanying statements of operations for the periods presented and were as follows:
(In thousands) | Successor Company |  |  |  |  | Predecessor Company
| Three Months Ended June 30, |  | Period from May 2, 2019 through June 30, |  |  | Period from April 1, 2019 through May 1,
| 2020 |  | 2019 |  |  | 2019
Professional fees and other bankruptcy related costs | $ | — |  |  | $ | — |  |  |  | $ | (121,374) |
Net gain on settlement of Liabilities subject to compromise | — |  |  | — |  |  |  | 7,192,379 |
Impact of fresh start adjustments | — |  |  | — |  |  |  | 2,430,944 |
Other items, net | — |  |  | — |  |  |  | (4,005) |
Reorganization items, net | $ | — |  |  | $ | — |  |  |  | $ | 9,497,944 |
Cash payments for Reorganization items, net | $ | 26 |  |  | $ | 13,049 |  |  |  | $ | 149,346 |
(In thousands) | Successor Company |  |  |  |  | Predecessor Company
| Six Months Ended June 30, |  | Period from May 2, 2019 through June 30, |  |  | Period from January 1, 2019 through May 1,
| 2020 |  | 2019 |  |  | 2019
Professional fees and other bankruptcy related costs | $ | — |  |  | $ | — |  |  |  | $ | (157,487) |
Net gain on settlement of Liabilities subject to compromise | — |  |  | — |  |  |  | 7,192,374 |
Impact of fresh start adjustments | — |  |  | — |  |  |  | 2,430,944 |
Other items, net | — |  |  | — |  |  |  | (4,005) |
Reorganization items, net | $ | — |  |  | $ | — |  |  |  | $ | 9,461,826 |
Cash payments for Reorganization items, net | $ | 443 |  |  | $ | 13,049 |  |  |  | $ | 183,291 |
Professional fees included in Reorganization items, net represent fees for post-petition expenses related to the Chapter 11 Cases. The Company incurred additional professional fees related to the bankruptcy, post-emergence, of $1.9 million, $9.1 million and $4.5 million for the three months ended June 30, 2020, the period from May 2, 2019 through June 30, 2019 and six months ended June 30, 2020, respectively, which are included within Other income (expense), net in the Company's Consolidated Statements of Comprehensive Income (Loss).

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- Definition The entire disclosure for the description and amounts of reorganization under Chapter 11 of the US Bankruptcy Code. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -URI http://asc.fasb.org/topic&trid=2209115 + Details
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- References No definition available. + Details
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Period Type: | duration