Subsequent Events

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

Subsequent Events

9.  SUBSEQUENT EVENTS:

The Company has evaluated the period subsequent to September 30, 2017 for events that did not exist at the balance sheet date but arose after that date and determined that no subsequent events arose that should be disclosed in order to keep the financial statements from being misleading, except as set forth below.

As previously disclosed in a Current Report on Form 8-K filed with the SEC on September 22, 2017, the Bankruptcy Court denied the Company’s objection to the pending make-whole and postpetition interest claims that remained following emergence from chapter 11 proceedings.  On October 6, 2017, the Bankruptcy Court ordered that the amount held in the Reserve Fund be distributed to the respective holders of prepetition indebtedness, based on their applicable claims.  On October 12, 2017, the Company released the $400.3 million out of the Reserve Fund.  On October 13, 2017, the funds were distributed according to the Bankruptcy Court’s October 6, 2017 order.  Undistributed funds of $1.3 million were returned to the Company, which was in accordance with the Distribution Notice filed with the Bankruptcy Court.  See Note 8 for additional details.