LEASES (Tables)

9 Months Ended

Sep. 30, 2020

The table below summarizes the Company’s leases for the nine months ended September 30, 2020 (Successor) and 2019 (Predecessor) (in thousands, except years and discount rate):


	Successor			Predecessor
	Nine Months			Nine Months
	Ended			Ended
	September 30, 2020			September 30, 2019
Lease cost
Operating lease costs	$	1,869		$	1,932
Short-term lease costs		16,372			12,262
Variable lease costs		798			1,210
Total lease costs	$	19,039		$	15,404

Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,093		$	1,936
Right-of-use assets obtained in exchange for new operating lease liabilities		—			5,462
Weighted-average remaining lease term - operating leases		0.7	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 September 30, 2020 and December 31, 2019 (Successor), are presented in the table below (in thousands):


Operating Leases	Successor
	September 30, 2020		December 31, 2019
Remaining period in 2020	$	211	$	1,022
2021		453		876
2022		—		574
2023		—		585
2024		—		345
Thereafter		—		—
Total operating lease payments		664		3,402
Less: discount to present value		7		232
Total operating lease liabilities		657		3,170
Less: current operating lease liabilities		657		923
Noncurrent operating lease liabilities	$	—	$	2,247