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SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS | 12 Months Ended
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Dec. 31, 2021
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
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 |
Year ended December 31, 2021 (Successor) |  | $ | 38,777 |  |  | $ | 4,144 |  |  | $ | 13,846 |  |  | $ | — |  |  | $ | 195 |  |  | $ | 29,270 |
(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
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 |
Year ended December 31, 2021 (Successor) |  | $ | 1,818,091 |  |  | $ | 62,265 |  |  | $ | (28,707) |  |  | $ | — |  |  | $ | 2,494 |  |  | $ | 1,854,143 |
(1)During 2021, 2020 and the period from May 2 through December 31, 2019 the Company recorded a valuation allowance of $62.3 million, $3.0 million and $1.9 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 2021, the Company reversed valuation allowances of $28.7 million related to net operating loss carryforwards and capital loss carryforwards that were utilized as a result of taxable income and capital gains recognized during the period. 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.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24092-122690 + Details
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- References No definition available. + Details
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