GENERAL (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Summary of Components of Liabilities Subject to Compromise Included in Unaudited Condensed Consolidated Balance Sheets

The components of “Liabilities subject to compromise” included in our unaudited condensed consolidated balance sheets are as follows:

	September 30, 2020
Long-term debt	$	95,829
Accrued liabilities		3,034
Accounts payable		892
Total	$	99,755

Summary of Components Included in Reorganization Expenses in Unaudited Condensed Consolidated Statements of Operations

The following table summarizes the components included in “Reorganization expenses” in our unaudited condensed consolidated statements of operations for the three months and nine months ended September 30:

	2020
Long-term debt discounts and issuance costs	$	11,885
Advisory and professional fees		1,055
Total	$	12,940

Summary of Debtor Financial Statements

Debtor Financial Statements

Unaudited condensed consolidated financial statements of the Debtors are set forth below.  All intercompany balances due between Debtor entities have been eliminated in consolidation.  Intercompany balances between the Debtors and non–debtor affiliates have not been eliminated in the Debtors’ unaudited condensed consolidated financial statements.

Unaudited Condensed Consolidated Balance Sheet  

	September 30, 2020
ASSETS
Current assets:
Cash and cash equivalents	$	15,308
Restricted cash		31
Accounts receivable, net		3,611
Deferred costs on contracts		105
Prepaid expenses and other current assets		5,113
Total current assets		24,168
Property and equipment, net		27,754
Operating lease right-of-use assets		4,589
Intangible assets, net		3,116
Other assets		237
Accounts receivable from non-debtor affiliates		56,212
Investment in non-debtor affiliate		404
Total assets	$	116,480
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable	$	735
Accrued liabilities		2,308
Income and other taxes payable		1,846
Operating lease liabilities		1,244
Current portion of long-term debt		28,326
Deferred revenue		633
Total current liabilities		35,092
Other long-term liabilities		3,348
Liabilities subject to compromise		99,755
Commitments and contingencies
Stockholders' deficit		(21,715	)
Total liabilities and stockholders' deficit	$	116,480

Unaudited Condensed Consolidated Statement of Operations

	Nine Months Ended September 30,
	2020
Revenue from services	$	96,448
Cost of services		67,691
Depreciation and amortization		8,891
Gross profit		19,866
Operating expenses - selling, general and administrative		22,626
Operating loss		(2,760	)
Other expense, net		(20,398	)
Loss before income taxes and equity in income of non-debtor affiliate		(23,158	)
Income taxes		312
Loss before equity in income of non-debtor affiliate		(23,470	)
Equity in income of non-debtor affiliate		2,504
Net loss	$	(20,966	)

Unaudited Condensed Consolidated Statement of Cash Flows

	Nine Months Ended September 30,
	2020
Cash flows from operating activities:
Net loss	$	(20,966	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		9,248
Equity-based compensation cost		(391	)
Gain on sale of disposal and equipment		(131	)
Amortization of loan issuance costs and debt discounts		2,785
Unrealized loss on foreign currency transactions		148
Noncash reorganization expenses		11,885
Equity in earnings of affiliate		(2,504	)
Distributions from non-debtor affiliate		5,750
Changes in operating assets and liabilities		16,942
Net cash provided by operating activities		22,766
Cash flows from investing activities:
Purchases of property and equipment		(994	)
Proceeds from disposal of property and equipment		362
Investment in non-debtor affiliate		(31	)
Net cash used in investing activities		(663	)
Cash flows from financing activities:
Long-term debt and finance lease repayments		(16,890	)
Long-term debt borrowings		6,801
Intercompany lending		271
Net cash used in financing activities		(9,818	)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(91	)
Net change in cash, cash equivalents and restricted cash		12,194
Cash, cash equivalents and restricted cash at the beginning of year		3,145
Cash, cash equivalents and restricted cash at the end of period	$	15,339