Annual report pursuant to Section 13 and 15(d)

Fresh Start Accounting - Schedule of Balance Sheet Adjustments (Details)

v3.20.4
Fresh Start Accounting - Schedule of Balance Sheet Adjustments (Details) - USD ($)
$ in Thousands
Sep. 01, 2019
Aug. 31, 2019
Current assets:    
Cash and cash equivalents   $ 19,862
Restricted cash   35
Trade receivables, net   11,834
Prepaid and other current assets   23,825
Total current assets   55,556
Property and equipment, net   37,143
Subscriber accounts and deferred contract acquisition costs, net   1,151,322
Deferred income tax asset, net   783
Operating lease right-of-use asset   19,222
Other assets   17,932
Total assets   1,281,958
Current liabilities:    
Accounts payable   13,713
Other accrued liabilities   30,571
Deferred revenue   12,646
Holdback liability   12,516
Current portion of long-term debt   0
Total current liabilities   69,446
Non-current liabilities:    
Long-term debt   199,000
Long-term holdback liability   1,817
Operating lease liabilities   16,055
Other liabilities   2,175
Total non-current liabilities   219,047
Liabilities subject to compromise   1,722,052
Total liabilities   2,010,545
Stockholder's equity (deficit):    
Predecessor additional paid-in capital   436,986
Predecessor accumulated other comprehensive income, net   6,668
(Accumulated deficit) retained earnings   (1,172,241)
Total stockholder's equity (deficit)   (728,587)
Total liabilities and stockholder's equity (deficit)   1,281,958
Reorganization Adjustments    
(Accumulated deficit) retained earnings $ 989,312  
Current assets:    
Cash and cash equivalents 1,139  
Prepaid and other current assets 27  
Total current assets 1,166  
Operating lease right-of-use asset 90  
Total assets 1,256  
Current liabilities:    
Other accrued liabilities 241  
Total current liabilities 241  
Total liabilities 241  
Stockholder's equity (deficit):    
(Accumulated deficit) retained earnings 1,015  
Total stockholder's equity (deficit) 1,015  
Total liabilities and stockholder's equity (deficit) 1,256  
Fresh Start Adjustments, Assets    
Dealer network and other intangible assets 144,700  
Fresh Start Adjustments, Liabilities and Stockholders' Equity (Deficit)    
(Accumulated deficit) retained earnings 989,312  
Current assets:    
Cash and cash equivalents 24,605  
Restricted cash 35  
Trade receivables, net 11,834  
Prepaid and other current assets 23,852  
Total current assets 60,326  
Property and equipment, net 40,951  
Subscriber accounts and deferred contract acquisition costs, net 1,095,386  
Dealer network and other intangible assets 144,700  
Goodwill 81,943  
Deferred income tax asset, net 783  
Operating lease right-of-use asset 19,312  
Other assets 17,247  
Total assets 1,460,648  
Current liabilities:    
Accounts payable 13,713  
Other accrued liabilities 34,169  
Deferred revenue 7,315  
Holdback liability 5,991  
Current portion of long-term debt 8,225  
Total current liabilities 69,413  
Non-current liabilities:    
Long-term debt 985,775  
Long-term holdback liability 1,817  
Operating lease liabilities 16,055  
Other liabilities 8,188  
Total non-current liabilities 1,011,835  
Total liabilities 1,081,248  
Stockholder's equity (deficit):    
Successor common stock 225  
Successor additional paid-in capital 379,175  
Total stockholder's equity (deficit) 379,400  
Total liabilities and stockholder's equity (deficit) 1,460,648  
Reorganization Adjustments    
Reorganization Adjustments    
Cash and cash equivalents 3,604  
Total current assets 3,604  
Other accrued liabilities (1,070)  
Current portion of long-term debt 8,225  
Long-term debt 786,775  
Liabilities subject to compromise (1,722,052)  
Additional paid-in capital 379,175 $ (436,986)
Successor common stock 225  
(Accumulated deficit) retained earnings 989,312  
Fresh Start Adjustments, Assets    
Total assets 3,604  
Fresh Start Adjustments, Liabilities and Stockholders' Equity (Deficit)    
Other accrued liabilities (1,070)  
Total current liabilities 7,155  
Total non-current liabilities 786,775  
Total liabilities (928,122)  
(Accumulated deficit) retained earnings 989,312  
Total stockholder's equity (deficit) 931,726  
Total liabilities and stockholder's equity (deficit) 3,604  
Fresh Start Adjustments    
Reorganization Adjustments    
Other accrued liabilities 4,427  
(Accumulated deficit) retained earnings 181,914  
Fresh Start Adjustments, Assets    
Property and equipment, net 3,808  
Subscriber accounts and deferred contract acquisition costs, net (55,936)  
Dealer network and other intangible assets 144,700  
Goodwill 81,943  
Other assets (685)  
Total assets 173,830  
Fresh Start Adjustments, Liabilities and Stockholders' Equity (Deficit)    
Other accrued liabilities 4,427  
Deferred revenue (5,331)  
Holdback liability (6,525)  
Total current liabilities (7,429)  
Other liabilities 6,013  
Total non-current liabilities 6,013  
Total liabilities (1,416)  
Predecessor accumulated other comprehensive income, net (6,668)  
(Accumulated deficit) retained earnings 181,914  
Total stockholder's equity (deficit) 175,246  
Total liabilities and stockholder's equity (deficit) $ 173,830