WORKERS' COMPENSATION

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

WORKERS' COMPENSATION

WORKERS' COMPENSATION

We are liable for workers' compensation benefits for traumatic injuries through our self-insured program to provide income replacement and medical treatment for work-related traumatic injury claims as required by applicable state laws. Workers' compensation laws also compensate survivors of workers who suffer employment related deaths. Our liability for traumatic injury claims is the estimated present value of current workers' compensation benefits, based on our actuarial estimates. Our actuarial calculations are based on a blend of actuarial projection methods and numerous assumptions including claim development patterns, mortality, medical costs and interest rates.

The following table summarizes activity for our workers' compensation liability during the year ended December 31, 2021 (in thousands):

December 31, 2020 (Successor)	$	10,164
Claims and valuation adjustments	(1,834)
Payments	(405)
December 31, 2021 (Successor)	7,925
Less: current portion (Successor)	1,221
Long-term workers' compensation liability (Successor)	$	6,704

The following table summarizes activity for our workers' compensation liability during the eight months ended August 31, 2020 and the four months ended December 31, 2020 (in thousands):

December 31, 2019 (Predecessor)	$	11,511
Claims and valuation adjustments	906
Payments	(427)
August 31, 2020 (Predecessor)	11,990
Fresh start adjustments	—
August 31, 2020 (Successor)	11,990
Claims and valuation adjustments	(1,679)
Payments	(147)
December 31, 2020 (Successor)	10,164
Less: current portion (Successor)	1,705
Long-term workers' compensation liability (Successor)	$	8,459

Our workers' compensation liability above is presented on a gross basis and does not include our expected receivables on our insurance policy. Our receivables for traumatic injury claims under these policies as of December 31, 2021 and 2020 are $4.0 million and $5.2 million, respectively, and are included in Other assets on our consolidated balance sheets.