LEASES (Tables)

12 Months Ended

Dec. 31, 2020

The table below summarizes the Company’s leases for the year ended December 31, 2020 (Successor), 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
	Year Ended			through			through
	December 31, 2020			December 31, 2019			October 1, 2019
Lease cost
Operating lease costs	$	1,986		$	260		$	1,932
Short-term lease costs		16,650			4,408			12,262
Variable lease costs		913			215			1,210
Total lease costs	$	19,549		$	4,883		$	15,404

Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,350		$	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		0.5	years		3.5	years		3.7	years
Weighted-average discount rate - operating leases		3.70	%		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, 2020 (Successor), are presented in the table below (in thousands):


	Successor
	December 31, 2020
2021	$	406
2022		—
2023		—
2024		—
2025		—
Thereafter		—
Total operating lease payments		406
Less: discount to present value		3
Total operating lease liabilities		403
Less: current operating lease liabilities		403
Noncurrent operating lease liabilities	$	—