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Reorganization Items
6 Months Ended
Jun. 30, 2016
Text Block [Abstract]  
Reorganization Items

4. Reorganization Items

Reorganization items represent amounts incurred subsequent to the Petition Date as a direct result of the filing of the Reorganization Plan and are comprised of the following:

 

     Successor      Predecessor  
     Three Months
Ended June 30,
2016
     Period from
February 10, 2016 to

June 30, 2016
     Period from
January 1, 2016 to
February 10, 2016
 
(in thousands)                     

Professional fees

   $ 487       $ 641       $ 22,716   

Net gain on settlement of LSTC

     —           —           (1,630,025

Fresh-start adjustments

     —           —           2,060,232   
  

 

 

    

 

 

    

 

 

 
   $ 487       $ 641       $ 452,923   
  

 

 

    

 

 

    

 

 

 

For the periods from February 10, 2016 to June 30, 2016 and from January 1, 2016 to February 10, 2016, cash payments for reorganization items totaled $15.4 million and $7.3 million, respectively.