16.

REORGANIZATION ITEMS

Reorganization items represent amounts incurred as a direct result of the Chapter 11 Cases and are presented separately in the consolidated statements of operations. The components of reorganization items are as follows (amounts in thousands):

	Successor				Predecessor
	Year Ended		April 1, 2011 Through		January 1, 2011 Through		Year Ended December 31,
	December 31, 2012		December 31, 2011		March 31, 2011		2010
Professional fees	$	-	$	-	$	1,383	$	3,770
Write-off of debt issuance costs		-		-		-		852
Total reorganization items	$	-	$	-	$	1,383	$	4,622

Professional fees include financial, legal and other services directly associated with the reorganization process. Professional fees incurred for the Predecessor Period and year ended December 31, 2010 totaled $1.4 million and $3.8 million, respectively. In accordance with the accounting guidance for financial reporting by entities in reorganization under the United States Bankruptcy Code, the Company ceased amortization deferred debt issuance costs related to the liabilities subject to compromise on the Petition Date. Reorganization items for the year ended December 31, 2010 included $0.9 million pertaining to the write-off of unamortized debt issuance costs related to certain liabilities subject to compromise.