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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Significant Components of Provision for Income Tax Benefit (Expense)

Significant components of the provision for income tax benefit (expense) from continuing operations are as follows:

(In thousands)			Successor Company															Predecessor Company
			Year Ended December 31,						Period from May 2, 2019 through December 31,									Period from January 1, 2019 through May 1,						Year Ended December 31,
			2020						2019									2019						2018
Current - Federal			$	(652)					$	(172)								$	2,264					$	1
Current - foreign			(1,674)						(754)									(282)						(969)
Current - state			1,680						(10,045)									74,762						(9,225)
Total current benefit (expense)			(646)						(10,971)									76,744						(10,193)
Deferred - Federal			172,302						(14,470)									(109,511)						1,276
Deferred - foreign			28						23									(8)						(1)
Deferred - state			11,939						5,327									(6,320)						(4,918)
Total deferred benefit (expense)			184,269						(9,120)									(115,839)						(3,643)
Income tax benefit (expense)			$	183,623					$	(20,091)								$	(39,095)					$	(13,836)

Schedule of Significant Components of Deferred Tax Liabilities and Assets

Significant components of the Successor Company's deferred tax liabilities and assets as of December 31, 2020 and 2019 are as follows:

			Successor Company
(In thousands)			2020						2019
Deferred tax liabilities:
Intangibles and fixed assets			$	1,005,116					$	1,163,310
Operating lease right-of-use assets			204,953						130,123
Total deferred tax liabilities			1,210,069						1,293,433
Deferred tax assets:
Accrued expenses			23,052						24,525
Net operating loss carryforwards			218,290						167,008
Interest expense carryforwards			315,304						324,481
Operating lease liabilities			209,010						109,503
Capital loss carryforwards			1,662,174						601,309
Investments			15,378						26,071
Bad debt reserves			15,247						9,916
Other			13,228						13,799
Total gross deferred tax assets			2,471,683						1,276,612
Less: Valuation allowance			1,818,091						720,622
Total deferred tax assets			653,592						555,990
Net deferred tax liabilities			$	556,477					$	737,443

Reconciliation of Income Tax to Income Tax Benefit

The reconciliations of income tax on income (loss) from continuing operations computed at the U.S. federal statutory tax rates to the recorded income tax benefit (expense) for the Successor Company and Predecessor Company are:

Successor Company
			Year Ended December 31,												Period from May 2, 2019 through December 31,
(In thousands)			2020												2019
			Amount						Percent						Amount						Percent
Income tax benefit (expense) at statutory rates			$	440,758					21.0		%				$	(28,012)					21.0		%
State income taxes, net of federal tax effect			13,619						0.7		%				(4,718)						3.5		%
Foreign income taxes			(1,187)						(0.1)		%				(1,593)						1.2		%
Nondeductible items			(8,928)						(0.4)		%				(7,345)						5.5		%
Changes in valuation allowance and other estimates			(30,531)						(1.5)		%				24,439						(18.2)		%
Impairment charges			(257,119)						(12.3)		%				—						—		%
Other, net			27,011						1.3		%				(2,862)						2.1		%
Income tax benefit (expense)			$	183,623					8.7		%				$	(20,091)					15.1		%

Predecessor Company
			Period from January 1, 2019 through May 1,												Year Ended December 31,
(In thousands)			2019												2018
			Amount						Percent						Amount						Percent
Income tax benefit (expense) at statutory rates			$	(1,999,008)					21.0		%				$	5,069					21.0		%
State income taxes, net of federal tax effect			68,442						(0.7)		%				(14,958)						(62.0)		%
Foreign income taxes			(270)						—		%				(3,076)						(12.7)		%
Nondeductible items			(1,793)						—		%				(4,834)						(20.0)		%
Changes in valuation allowance and other estimates			648,384						(6.8)		%				10,958						45.4		%
Tax impact of outdoor charges eliminated in discontinued operations			—						—		%				(8,017)						(33.2)		%
Reorganization and fresh start adjustments			1,245,282						(13.1)		%				—						—		%
Other, net			(132)						—		%				1,022						4.2		%
Income tax expense			$	(39,095)					0.4		%				$	(13,836)					(57.3)		%

Schedule of Unrecognized Tax Benefits

(In thousands)			Successor Company
			Years Ended December 31,
Unrecognized Tax Benefits			2020						2019
Balance at beginning of period			$	13,664					$	53,156
Increases for tax position taken in the current year			2,325						4,070
Increases for tax positions taken in previous years			453						2,534
Decreases for tax position taken in previous years			(1,566)						(2,948)
Decreases due to settlements with tax authorities			—						(1,183)
Decreases due to lapse of statute of limitations			(195)						(41,965)
Balance at end of period			$	14,681					$	13,664

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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