Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Reconciliation Of Income Tax Expense (Benefit) [Table Text Block]

A reconciliation of income tax expense (benefit), computed by applying the federal statutory rate to pre-tax income (loss) to our effective income tax expense (benefit) is as follows:


	Successor		Predecessor
	Period September 1, 2020 through December 31, 2020		Period January 1, 2020 through August 31, 2020		For the Year Ended December 31, 2019

	(In thousands)
Income tax benefit computed by applying the statutory rate	$	(3,001)	$	(190,103)	$	(144,092)
State income tax benefit, net of federal benefit	(500)		(31,684)		(21,733)
Deferred tax liability revaluation	—		—		—
Restricted stock shortfall	—		7,404		347
Non-controlling interest in Superior	(1,017)		7,504		(11)
Goodwill impairment	—		—		12,346
Valuation allowance	4,047		177,284		19,654
Reorganization adjustments	—		14,152		—
Statutory depletion and other	169		813		1,163
Income tax benefit	$	(302)	$	(14,630)	$	(132,326)

Schedule Of Total Provision For Income Taxes [Table Text Block]

For the periods indicated, the total provision for income taxes consisted of the following:


	Successor		Predecessor
	Period September 1, 2020 through December 31, 2020		Period January 1, 2020 through August 31, 2020		For the Year Ended December 31, 2019

	(In thousands)
Current taxes:
Federal	$	—	$	(917)	$	(918)
State	(302)		—		(363)
	(302)		(917)		(1,281)
Deferred taxes:
Federal	—		(16,663)		(108,440)
State	—		2,950		(22,605)
	—		(13,713)		(131,045)
Total provision	$	(302)	$	(14,630)	$	(132,326)

Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]

Deferred tax assets and liabilities are comprised of the following at December 31:


	Successor		Predecessor
	2020		2019
	(In thousands)
Deferred tax assets:
Allowance for losses and nondeductible accruals	$	22,051	$	31,822
Net operating loss carryforward	100,236		246,927
Depreciation, depletion, amortization, and impairment	80,947		—
Alternative minimum tax and research and development tax credit carryforward	1,738		2,656
	204,972		281,405
Deferred tax liability:
Depreciation, depletion, amortization, and impairment	—		(226,034)
Investment in Superior	(3,987)		(49,430)
Net deferred tax asset (liability)	200,985		5,941
Valuation allowance	(200,985)		(19,654)
Non-current—deferred tax liability	$	—	$	(13,713)