LEASES (Tables)

3 Months Ended

Mar. 31, 2020

The table below summarizes the Company’s leases for the three months ended March 31, 2020 (Successor) and 2019 (Predecessor) (in thousands, except years and discount rate):


	Successor			Predecessor
	Three Months			Three Months
	Ended			Ended
	March 31, 2020			March 31, 2019
Lease cost
Operating lease costs	$	260		$	644
Short-term lease costs		12,258			5,718
Variable lease costs		210			425
Total lease costs	$	12,728		$	6,787

Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	254		$	1,229
Right-of-use assets obtained in exchange for new operating lease liabilities		—			5,462
Weighted-average remaining lease term - operating leases		3.3	years		3.6	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 March 31, 2020 and December 31, 2019 (Successor), are presented in the table below (in thousands):


Operating Leases	Successor
	March 31, 2020		December 31, 2019
Remaining period in 2020	$	768	$	1,022
2021		876		876
2022		574		574
2023		585		585
2024		345		345
Thereafter		—		—
Total operating lease payments		3,148		3,402
Less: discount to present value		204		232
Total operating lease liabilities		2,944		3,170
Less: current operating lease liabilities		935		923
Noncurrent operating lease liabilities	$	2,009	$	2,247