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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2020
LEASES |
Schedule of Company's leases | The table below summarizes the Company’s leases for the six months ended June 30, 2020 (Successor) and 2019 (Predecessor) (in thousands, except years and discount rate):
|  | Successor |  |  |  | Predecessor |
|  | Six Months |  |  |  | Six Months |
|  | Ended |  |  |  | Ended |
|  | June 30, 2020 |  |  |  | June 30, 2019 |
Lease cost |  |  |  |  |  |  |  |  |
Operating lease costs |  | $ | 1,797 |  |  |  | $ | 1,288 |
Short-term lease costs |  |  | 16,094 |  |  |  |  | 9,666 |
Variable lease costs |  |  | 682 |  |  |  |  | 771 |
Total lease costs |  | $ | 18,573 |  |  |  | $ | 11,725 |
Other information |  |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 1,790 |  |  |  | $ | 1,290 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | — |  |  |  |  | 5,462 |
Weighted-average remaining lease term - operating leases |  |  | 1.0 | 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 June 30, 2020 and December 31, 2019 (Successor), are presented in the table below (in thousands):
Operating Leases |  | Successor
|  | June 30, 2020 |  |  |  | December 31, 2019
Remaining period in 2020 |  | $ | 513 |  |  |  | $ | 1,022
2021 |  |  | 453 |  |  |  |  | 876
2022 |  |  | — |  |  |  |  | 574
2023 |  |  | — |  |  |  |  | 585
2024 |  |  | — |  |  |  |  | 345
Thereafter |  |  | — |  |  |  |  | —
Total operating lease payments |  |  | 966 |  |  |  |  | 3,402
Less: discount to present value |  |  | 11 |  |  |  |  | 232
Total operating lease liabilities |  |  | 955 |  |  |  |  | 3,170
Less: current operating lease liabilities |  |  | 877 |  |  |  |  | 923
Noncurrent operating lease liabilities |  | $ | 78 |  |  |  | $ | 2,247

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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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- References No definition available. + 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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