Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2022

Discontinued Operations [Abstract]

Components Of Income (Loss) From Discontinued Operations

The following table summarizes the components of discontinued operations, net of tax (in thousands):

	Successor						Predecessor
	For the Three Months Ended March 31, 2022			For the Period February 3, 2021 through March 31, 2021			For the Period January 1, 2021 through February 2, 2021
Revenues	$	-		$	23,252		$	10,719
Cost of services		-			22,522			10,398
Depreciation, depletion, amortization and accretion		-			12,775			2,141
General and administrative expenses		3,742			2,595			1,119
Other (gains) and losses, net		(5,943	)		(2,500	)		-
Loss from operations		2,201			(12,140	)		(2,939	)
Other income (expense)		-			3			2,485
Loss from discontinued operations before tax		2,201			(12,137	)		(454	)
Income tax benefit (expense)		(462	)		2,731			102
Income (loss) from discontinued operations, net of income tax	$	1,739		$	(9,406	)	$	(352	)

Assets And Liabilities Of Discontinued Operation

The following summarizes the assets and liabilities related to discontinued operations (in thousands):

	March 31, 2022		December 31, 2021
Assets:
Accounts receivable, net	$	6,254	$	7,469
Property, plant and equipment, net		22,076		29,328
Other assets		161		731
Total assets held for sale	$	28,491	$	37,528
Liabilities:
Accounts payable	$	473	$	652
Accrued expenses		2,982		4,268
Other liabilities		223		687
Total liabilities	$	3,678	$	5,607

Schedule Of Cash Flows From Discontinued Operations

Significant operating non-cash items and cash flows from investing activities for our discontinued operations were as follows (in thousands):

	Successor						Predecessor
	For the Three Months Ended March 31, 2022			For the Period February 3, 2021 through March 31, 2021			For the Period January 1, 2021 through February 2, 2021
Cash flows from discontinued operating activities:
(Gain)/loss on sale of assets	$	-		$	-		$	(43	)
Other (gains) and losses, net		(5,943	)		(2,500	)		-
Depreciation, depletion, amortization and accretion		-			12,775			2,141
Cash flows from discontinued investing activities:
Proceeds from sales of assets		13,194			5,024			486