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LEASES | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
LEASES | LEASES The following tables provide the components of lease expense included within the Consolidated Statement of Comprehensive Income (Loss) for the years ended December 31, 2021 and 2020 (Successor), 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
| Year Ended December 31, |  | Period from May 2, 2019 through December 31, |  |  | Period from January 1, 2019 through May 1,
(In thousands) | 2021 |  | 2020 |  | 2019 |  |  | 2019
Operating lease expense | $ | 153,042 |  |  | $ | 151,448 |  |  | $ | 100,835 |  |  |  | $ | 44,667 |
Variable lease expense | 31,516 |  |  | 31,451 |  |  | 15,940 |  |  |  | 476 |
Non-cash impairment of ROU assets(1) | 44,311 |  |  | 8,043 |  |  | — |  |  |  | — |
(1)In addition to non-cash impairment of ROU assets, the Company recorded an additional $13.4 million of non-cash impairments related to leasehold improvements in 2021. The amounts related to leasehold improvements was immaterial for 2020 and 2019. 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, 2021 (Successor):
| December 31, 2021
Operating lease weighted average remaining lease term (in years) | 12.7
Operating lease weighted average discount rate | 6.5 | %
As of December 31, 2021 (Successor), the Company’s future maturities of operating lease liabilities were as follows:
(In thousands)
2022 | $ | 136,870 |
2023 | 127,340 |
2024 | 117,413 |
2025 | 107,226 |
2026 | 97,275 |
Thereafter | 659,500 |
Total lease payments | $ | 1,245,624 |
Less: Effect of discounting | 418,225 |
Total operating lease liability | $ | 827,399 |
The following table provides supplemental cash flow information related to leases for the years ended December 31, 2021 and 2020 (Successor), 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
| Year Ended December 31, |  | Period from May 2, 2019 through December 31, |  |  | Period from January 1, 2019 through May 1,
(In thousands) | 2021 |  | 2020 |  | 2019 |  |  | 2019
Cash paid for amounts included in measurement of operating lease liabilities | $ | 136,780 |  |  | $ | 139,507 |  |  | $ | 89,567 |  |  |  | $ | 44,888 |
Lease liabilities arising from obtaining right-of-use assets(1) | $ | 74,745 |  |  | $ | 56,243 |  |  | $ | 29,498 |  |  |  | $ | 913,598 |
(1) Lease liabilities from obtaining right-of-use assets include transition liabilities upon adoption of ASC 842, Leases, as well as new leases entered into during the year ended December 31, 2021 (Successor), the year ended December 31, 2020 (Successor), 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 15, 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. The non-cash operating lease expense was $114.5 million, $103.4 million, $61.6 million and $14.3 million for the year ended December 31, 2021 (Successor), the year ended December 31, 2020 (Successor), the period from May 2, 2019 through December 31, 2019 (Successor) and the period from January 1, 2019 through May 1, 2019 (Predecessor), respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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