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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2020   251,084      
Beginning balance at Dec. 31, 2020 $ (311,388) $ 2,511 $ 814,796 $ (1,070,683) $ (58,012)
Employee related equity activity          
Amortization of share-based compensation 710   710    
Issuance of share-based compensation shares (in shares)   43      
Shares withheld for taxes on equity transactions (1)   (1)    
Net income (loss) 250,228     250,228  
Other comprehensive income (loss), net 108       108
Cancellation of Predecessor equity (in shares)   (251,127)      
Cancellation of Predecessor equity 60,343 $ (2,511) (815,505) 820,455 57,904
Issuance of Successor common stock and warrants (in shares)   50,000      
Issuance of Successor common stock and warrants 1,018,768 $ 1 1,018,767    
Ending balance (in shares) at Feb. 05, 2021   50,000      
Ending balance at Feb. 05, 2021 1,018,768 $ 1 1,018,767 0 0
Employee related equity activity          
Other comprehensive income (loss), net 0        
Ending balance at Mar. 31, 2021         0
Beginning balance (in shares) at Feb. 05, 2021   50,000      
Beginning balance at Feb. 05, 2021 1,018,768 $ 1 1,018,767 0 0
Employee related equity activity          
Amortization of share-based compensation 11,312   11,312    
Exchange of common stock for penny warrants (in shares)   (6,463)      
Exercise of common stock warrants (in shares)   31      
Exercise of common stock warrants 647   647    
Issuance of common stock for Pacific Drilling merger (in shares)   16,600      
Issuance of common stock for Pacific Drilling merger 357,662   357,662    
Net income (loss) (21,454)     (21,454)  
Other comprehensive income (loss), net (267)       (267)
Ending balance (in shares) at Sep. 30, 2021   60,168      
Ending balance at Sep. 30, 2021 1,366,668 $ 1 1,388,388 (21,454) (267)
Beginning balance at Mar. 31, 2021         0
Employee related equity activity          
Other comprehensive income (loss), net 168        
Ending balance (in shares) at Jun. 30, 2021   60,150      
Ending balance at Jun. 30, 2021 1,385,724 $ 1 1,383,344 2,211 168
Employee related equity activity          
Amortization of share-based compensation 4,668   4,668    
Exercise of common stock warrants (in shares)   18      
Exercise of common stock warrants 376   376    
Net income (loss) (23,665)     (23,665)  
Other comprehensive income (loss), net (435)       (435)
Ending balance (in shares) at Sep. 30, 2021   60,168      
Ending balance at Sep. 30, 2021 $ 1,366,668 $ 1 1,388,388 (21,454) (267)
Beginning balance (in shares) at Dec. 31, 2021 60,172 60,172      
Beginning balance at Dec. 31, 2021 $ 1,500,627 $ 1 1,393,255 101,982 5,389
Employee related equity activity          
Other comprehensive income (loss), net $ (424)        
Ending balance at Mar. 31, 2022         4,965
Beginning balance (in shares) at Dec. 31, 2021 60,172 60,172      
Beginning balance at Dec. 31, 2021 $ 1,500,627 $ 1 1,393,255 101,982 5,389
Employee related equity activity          
Amortization of share-based compensation 20,907   20,907    
Issuance of share-based compensation shares (in shares)   365      
Shares withheld for taxes on equity transactions (4,926)   (4,926)    
Exercise of common stock warrants (in shares)   9,817      
Exercise of common stock warrants 784   784    
Net income (loss) 33,986     33,986  
Other comprehensive income (loss), net $ (2,817)       (2,817)
Ending balance (in shares) at Sep. 30, 2022 70,354 70,354      
Ending balance at Sep. 30, 2022 $ 1,548,561 $ 1 1,410,020 135,968 2,572
Beginning balance at Mar. 31, 2022         4,965
Employee related equity activity          
Other comprehensive income (loss), net (1,163)        
Ending balance (in shares) at Jun. 30, 2022   67,050      
Ending balance at Jun. 30, 2022 1,508,794 $ 1 1,402,608 102,383 3,802
Employee related equity activity          
Amortization of share-based compensation 7,068   7,068    
Exercise of common stock warrants (in shares)   3,304      
Exercise of common stock warrants 344   344    
Net income (loss) 33,585     33,585  
Other comprehensive income (loss), net $ (1,230)       (1,230)
Ending balance (in shares) at Sep. 30, 2022 70,354 70,354      
Ending balance at Sep. 30, 2022 $ 1,548,561 $ 1 $ 1,410,020 $ 135,968 $ 2,572