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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of fair value of the Company's financial assets and liabilities

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of December 31, 2020 and 2019 (Successor) (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

December 31, 2020

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Assets from derivative contracts

 

$

 —

 

$

12,568

 

$

 —

 

$

12,568

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities from derivative contracts

 

$

 —

 

$

26,416

 

$

 —

 

$

26,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

December 31, 2019

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Assets from derivative contracts

 

$

 —

 

$

5,219

 

$

 —

 

$

5,219

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities from derivative contracts

 

$

 —

 

$

12,923

 

$

 —

 

$

12,923