SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

Allowance for Doubtful Accounts


(In thousands)
Description	Balance at Beginning of Period		Charges to Costs, Expenses and Other		Write-off of Accounts Receivable		Impact of Fresh Start Accounting		Other (1)		Balance at End of Period
Year ended December 31, 2018 (Predecessor)	$	25,963	$	21,042	$	20,409	$	—	$	(12)	$	26,584
Period from January 1, 2019 through May 1, 2019 (Predecessor)	$	26,584	$	4,728	$	8,622	$	(22,689)	$	(1)	$	—


Period from May 2, 2019 through December 31, 2019 (Successor)	$	—	$	12,628	$	—	$	—	$	1	$	12,629
Year ended December 31, 2020 (Successor)	$	12,629	$	38,273	$	12,738	$	—	$	613	$	38,777

(1)Primarily foreign currency adjustments and acquisition and/or divestiture activity.

Deferred Tax Asset Valuation Allowance


(In thousands)
Description	Balance at Beginning of Period		Charges to Costs, Expenses and Other (1)		Reversal (2)		Impact of Fresh Start Accounting		Adjustments(3)		Balance at End of Period
Year ended December 31, 2018 (Predecessor)	$	678,118	$	11,277	$	—	—		$	4,146	$	693,541
Period from January 1, 2019 through May 1, 2019 (Predecessor)	$	693,541	$	714,520	$	(316,374)	(343,662)		$	(28,539)	$	719,486


Period from May 2, 2019 through December 31, 2019 (Successor)	$	719,486	$	1,870	$	(734)	$	—	$	—	$	720,622
Year ended December 31, 2020 (Successor)	$	720,622	$	3,047	$	(444)	$	—	$	1,094,866	$	1,818,091

(1)During 2020, the period from May 2 through December 31, 2019, and 2018 the Company recorded a valuation allowance of $3.0 million, $1.9 million and $11.3 million, respectively, on a portion of its deferred tax assets attributable to federal and state net operating loss carryforwards and Sec. 163(j) disallowed interest carryforwards due to the uncertainty of the ability to utilize those assets in future periods. During the period from January 1 through May 1, 2019, the Predecessor Company recorded a valuation allowance of $714.5 million on the federal and state capital losses and separate state net operating losses generated in connection with the restructuring transactions.

(2)During the period from January 1 through May 1, 2019, the Predecessor Company reversed certain valuation allowances as a result of the restructuring transaction which resulted in reduction of federal and state net operating losses due to the cancellation of debt income realized.

(3)During 2020, the Successor Company adjusted the carrying amount of its federal and state capital loss carryfowards due to the filing of its 2019 income tax returns during the quarter ending December 31, 2020. As a result of the increase in the capital loss carryforwards shown on the final tax filings, the Company increased the valuation allowances by $1.1 billion to fully offset those assets as they are not expected to be utilized in future periods. During

the period from January 1 through May 1, 2019, the Predecessor Company adopted the new lease standard which resulted in a reduction in deferred tax assets and the release of $28.5 million in valuation allowance.