Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of Lease Expense. Lease Information and Supplemental Cash Flow Information
The components of lease expense were as follows (in thousands):
Successor Company Predecessor Company
Year Ended December 31, 2020 Period from September 1, 2019 through December 31, 2019 Period from January 1, 2019 through August 31, 2019
Operating lease cost (a) $ 729  $ 160  $ 321 
Operating lease cost (b) 3,923  1,281  2,595 
Total operating lease cost $ 4,652  $ 1,441  $ 2,916 

(a)        Amount is included in Cost of services in the consolidated statements of operations and comprehensive income (loss).
(b)        Amount is included in Selling, general and administrative, including stock-based and long-term incentive compensation in the consolidated statements of operations and comprehensive (loss).

Remaining Lease Term and Discount Rate

The following table presents the weighted-average remaining lease term and the weighted-average discount rate:
As of December 31, 2020
Weighted-average remaining lease term for operating leases (in years) 8.7
Weighted-average discount rate for operating leases 11.7  %
The following is the supplemental cash flow information associated with the Company's leases (in thousands):
Successor Company Predecessor Company
Year Ended December 31, 2020 Period from September 1, 2019 through December 31, 2019 Period from January 1, 2019 through August 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Lease payments included in cash flows from operating activities (a) $ 4,525  $ 1,404  $ 2,804 
Right-of-use assets obtained in exchange for new:
Operating lease liabilities $ 1,118  $ 543  $ 91 

(a)        Cash flow impacts from Operating lease right-of-use assets and Operating lease liabilities are presented net on the cash flow statement in changes in Payables and other liabilities.
Maturities of Lease Liabilities, After Adopting 842
As of December 31, 2020, maturities of lease liabilities were as follows:
2021 $ 3,609 
2022 3,549 
2023 3,182 
2024 3,065 
2025 3,107 
Thereafter 14,157 
Total lease payments $ 30,669 
Less: Interest (11,946)
Total lease obligations $ 18,723