Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Components Of Income (Loss) From Discontinued Operations

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

	For the Three Months Ended September 30, 2022
	2022			2021
Revenues	$	-		$	16,985
Cost of services		-			17,543
Depreciation, depletion, amortization and accretion		-			146
General and administrative expenses		289			2,379
Other (gains) and losses, net		(303	)		3,815
Loss from operations		14			(6,898	)
Other income (expense)		-			238
Loss from discontinued operations before tax		14			(6,660	)
Income tax benefit (expense)		3			1,499
Income (loss) from discontinued operations, net of income tax	$	17		$	(5,161	)

	Successor						Predecessor
	For the Nine Months Ended September 30, 2022			For the Period February 3, 2021 through September 30, 2021			For the Period January 1, 2021 through February 2, 2021
Revenues	$	-		$	85,351		$	10,719
Cost of services		-			77,936			10,398
Depreciation, depletion, amortization and accretion		-			31,502			2,141
General and administrative expenses		5,742			8,597			1,119
Other (gains) and losses, net		(5,496	)		11,333			-
Loss from operations		(246	)		(44,017	)		(2,939	)
Other income (expense)		-			188			2,485
Loss from discontinued operations before tax		(246	)		(43,829	)		(454	)
Income tax benefit (expense)		58			9,862			102
Income (loss) from discontinued operations, net of income tax	$	(188	)	$	(33,967	)	$	(352	)

Assets And Liabilities Of Discontinued Operation

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

	September 30, 2022		December 31, 2021
Assets:
Accounts receivable, net	$	2,111	$	7,469
Property, plant and equipment, net		16,042		29,328
Other assets		161		731
Total assets held for sale	$	18,314	$	37,528
Liabilities:
Accounts payable	$	134	$	652
Accrued expenses		3,309		4,268
Other liabilities		223		687
Total liabilities held for sale	$	3,666	$	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 Nine Months Ended September 30, 2022			For the Period February 3, 2021 through September 30, 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		(5,496	)		11,333		-
Depreciation, depletion, amortization and accretion		-			31,502		2,141
Cash flows from discontinued investing activities:
Proceeds from sales of assets		18,782			53,225		486