XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 15,161 $ 24,619
Restricted cash 16,173 998
Receivables:    
Trade, net of allowance for doubtful accounts 29,912 79,135
Unbilled receivables 6,318 12,590
Insurance recoveries 22,747 22,873
Other receivables 5,731 8,928
Inventory 13,056 22,453
Assets held for sale 7,292 3,447
Prepaid expenses and other current assets 5,649 7,869
Total current assets 122,039 182,912
Property and equipment, at cost 191,259 1,119,546
Less accumulated depreciation 5,019 648,376
Net property and equipment 186,240 471,170
Intangible assets, net of accumulated amortization 9,292 0
Deferred income taxes 9,139 11,540
Operating lease assets 5,040 7,264
Other noncurrent assets 12,050 1,068
Total assets 343,800 673,954
Current liabilities:    
Accounts payable 16,148 32,551
Deferred revenues 642 1,339
Accrued expenses:    
Employee compensation and related costs 4,954 13,781
Insurance claims and settlements 22,747 22,873
Insurance premiums and deductibles 4,043 5,940
Interest 1,463 5,452
Other 15,939 9,645
Total current liabilities 65,936 91,581
Long-term debt, less unamortized discount and debt issuance costs 142,005 467,699
Noncurrent operating lease liabilities 4,098 5,700
Deferred income taxes 1,071 4,417
Other noncurrent liabilities 1,548 481
Total liabilities not subject to compromise 214,658 569,878
Shareholders' equity:    
Predecessor common stock $.10 par value; 200,000,000 shares authorized; 79,202,216 shares outstanding at December 31, 2019 0 8,008
Successor common stock, $.001 par value; 25,000,000 shares authorized; 1,048,185 shares outstanding at June 30, 2020 1 0
Additional paid-in capital 138,958 553,210
Predecessor treasury stock, at cost; 877,047 shares at December 31, 2019 0 (5,090)
Retained earnings (Accumulated deficit) (9,817) (452,052)
Total shareholders' equity 129,142 104,076
Total liabilities and stockholders' equity $ 343,800 $ 673,954