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LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of Lease Expense
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 CompanyPredecessor Company
Year Ended December 31,Period from May 2, 2019 through December 31,Period from January 1, 2019 through May 1,
(In thousands)2021202020192019
Operating lease expense$153,042 $151,448 $100,835 $44,667 
Variable lease expense31,516 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 rate6.5 %
Lessee, Operating Lease, Liability, Maturity
As of December 31, 2021 (Successor), the Company’s future maturities of operating lease liabilities were as follows:
(In thousands)
2022$136,870 
2023127,340 
2024117,413 
2025107,226 
202697,275 
Thereafter659,500 
  Total lease payments$1,245,624 
Less: Effect of discounting418,225 
  Total operating lease liability$827,399 
Schedule of Cash Flow, Supplemental Disclosures
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 CompanyPredecessor Company
Year Ended December 31,Period from May 2, 2019 through December 31,Period from January 1, 2019 through May 1,
(In thousands)2021202020192019
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).