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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2019
Schedule of Company's leases | The table below summarizes the Company’s leases for the period of October 2, 2019 through December 31, 2019 (Successor) and the period of January 1, 2019 through October 1, 2019 (Predecessor) (in thousands, except years and discount rate):
|  | Successor |  |  | Predecessor |
|  | Period from |  |  | Period from |
|  | October 2, 2019 |  |  | January 1, 2019 |
|  | through |  |  | through |
|  | December 31, 2019 |  |  | October 1, 2019 |
Lease cost |  |  |  |  |  |  |  |
Operating lease costs |  | $ | 260 |  |  | $ | 1,932 |
Short-term lease costs |  |  | 4,408 |  |  |  | 12,262 |
Variable lease costs |  |  | 215 |  |  |  | 1,210 |
Total lease costs |  | $ | 4,883 |  |  | $ | 15,404 |
Other information |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 254 |  |  | $ | 1,936 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 3,394 |  |  |  | 5,462 |
Weighted-average remaining lease term - operating leases |  |  | 3.5 | years |  |  | 3.7 | years
Weighted-average discount rate - operating leases |  |  | 3.70 | % |  |  | 4.83 | %
Schedule of future minimum lease payments associated with the Company’s non-cancellable operating leases for office space and equipment | Future minimum lease payments associated with the Company’s non-cancellable operating leases for office space and equipment as of December 31, 2019 (Successor), are presented in the table below (in thousands):
|  | Successor
|  | December 31, 2019
2020 |  | $ | 1,022
2021 |  |  | 876
2022 |  |  | 574
2023 |  |  | 585
2024 |  |  | 345
Thereafter |  |  | —
Total operating lease payments |  |  | 3,402
Less: discount to present value |  |  | 232
Total operating lease liabilities |  |  | 3,170
Less: current operating lease liabilities |  |  | 923
Noncurrent operating lease liabilities |  | $ | 2,247
Schedule of future obligations, including variable nonlease components, associated with the Company's non-cancellable operating leases for office space and equipment | Prior to the adoption of ASC 842, future obligations, including variable nonlease components, associated with the Company’s non-cancellable operating leases for office space and equipment as of December 31, 2018 (Predecessor), are presented in the table below (in thousands):
|  | Predecessor
|  | December 31, 2018
2019 |  | $ | 3,792
2020 |  |  | 2,350
2021 |  |  | 1,899
2022 |  |  | 968
2023 |  |  | 999
Thereafter |  |  | 599
Total operating lease payments |  | $ | 10,607
Accounting Standards Update 2016-02 Leases |
Schedule of impact of adoption on the Company’s unaudited condensed consolidated balance sheet | The table below details the impact of adoption on the Company’s unaudited condensed consolidated balance sheet as of January 1, 2019 (Predecessor) (in thousands):
|  | Predecessor
|  | December 31, 2018 |  | Impact of adoption of ASC 842 |  | January 1, 2019
Other noncurrent assets: |  |  |  |  |  |  |  |  |
Operating lease right of use assets |  | $ | — |  | $ | 5,462 |  | $ | 5,462
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 157,848 |  | $ | (85) |  | $ | 157,763
Operating lease liabilities |  |  | — |  |  | 2,103 |  |  | 2,103
Other noncurrent liabilities: |  |  |  |  |  |  |  |  |
Operating lease liabilities |  |  | — |  |  | 3,444 |  |  | 3,444

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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