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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Components of Income Tax Expense (Benefit)
Income tax benefit for the Successor Company period June 4, 2018 through December 31, 2018, the Predecessor Company period January 1, 2018 through June 3, 2018, the Predecessor Company year ended December 31, 2017 and the Predecessor Company year ended December 31, 2016 consisted of the following (dollars in thousands):
 
Successor Company
 
Predecessor Company
 
 
Period from June 4, 2018 through December 31, 2018
 
Period from January 1, 2018 through June 3, 2018
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
Current income tax expense (benefit)
 
 
 
 
 
 
 
 
 
 
Federal
 
$
6,170

 
 
$
(1,430
)
 
$

 
$

 
State and local
 
8,888

 
 
4,026

 
4,504

 
1,678

 
Total current income tax
 
$
15,058

 
 
$
2,596

 
$
4,504

 
$
1,678

 
 
 
 
 
 
 
 
 
 
 
 
Deferred tax benefit
 
 
 
 
 
 
 
 
 
 
Federal
 
$
(20,641
)
 
 
$
(138,311
)
 
$
(157,277
)
 
$
(19,496
)
 
State and local
 
(6,770
)
 
 
(41,144
)
 
(10,953
)
 
(8,336
)
 
Total deferred tax
 
(27,411
)
 
 
(179,455
)
 
(168,230
)
 
(27,832
)
 
Total income tax benefit
 
$
(12,353
)
 
 
$
(176,859
)
 
$
(163,726
)
 
$
(26,154
)
 
Total Income Tax Expense (Benefit) Differed From Amount Computed by Applying Federal Statutory Tax Rate
Total income tax benefit differed from the amount computed by applying the federal statutory tax rate of 21.0% for the Successor Company period June 4, 2018 through December 31, 2018 and the Predecessor Company period January 1, 2018 through June 3, 2018 and 35.0% for the Predecessor Company years ended December 31, 2017 and 2016 as a result of the following (dollars in thousands):
 
Successor Company
 
Predecessor Company
 
 
Period from June 4, 2018 through December 31, 2018
 
Period from January 1, 2018 through June 3, 2018
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
Pretax income (loss) at federal statutory rate
 
$
10,284

 
 
$
109,052

 
$
(129,602
)
 
$
(187,906
)
 
State income tax, net of federal tax
 
7,493

 
 
(25,288
)
 
(11,729
)
 
(1,812
)
 
Meals and entertainment
 
154

 
 
107

 
350

 
429

 
Bankruptcy costs
 
(19,088
)
 
 
12,286

 
5,478

 

 
Change in state tax rates
 
(819
)
 
 
78

 
255

 
(1,618
)
 
Section 162 disallowance
 
472

 
 
187

 
1,867

 
538

 
Change in federal tax rate
 

 
 

 
(91,384
)
 

 
Charges to goodwill with no tax basis
 

 
 

 

 
163,630

 
(Decrease) increase in valuation allowance
 
(104,629
)
 
 
29,188

 
58,254

 
32

 
Worthless stock loss
 
 
 
 
(115,439
)
 

 

 
Tax effect of sale of assets
 
72,797

 
 
(73,205
)
 

 

 
Cancellation of debt income
 
22,087

 
 
(152,099
)
 

 

 
Other reorganization charges
 
 
 
 
35,331

 

 

 
Change in uncertain tax positions
 
(2,733
)
 
 

 

 

 
Provision to return
 
1,244

 
 

 
(72
)
 
336

 
Other adjustments
 
385

 
 
2,943

 
2,857

 
217

 
Net income tax benefit
 
$
(12,353
)
 
 
$
(176,859
)
 
$
(163,726
)
 
$
(26,154
)
 
Tax Effects of Temporary Differences That Give Rise to Significant Portions of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2018 and 2017 are presented below (dollars in thousands):
 
 
Successor Company
 
 
Predecessor Company

 
 
2018
 
 
2017
Noncurrent deferred tax assets:


 
 
 
 
 
   Accounts receivable
 
$
962

 
 
$
948

   Advertising relationships
 

 
 
954

   Other liabilities
 
7,076

 
 
20,486

   Debt costs
 

 
 
6,987

   Interest limitation
 
1,335

 
 

   Tax credits
 
41

 
 
2,249

   Net operating loss
 
8,304

 
 
75,832

           Noncurrent deferred tax assets

 
17,718

 
 
107,456

    Less: valuation allowance


 

 
 
(75,460
)
          Net noncurrent deferred tax assets

 
$
17,718

 
 
$
31,996

Noncurrent deferred tax liabilities:
 
 
 
 
 
   Intangible assets
 
$
6,610

 
 
$
242,822

   Property and equipment
 
23,492

 
 
8,417

   Other
 

 
 
7

          Noncurrent deferred tax liabilities
 
30,102

 
 
251,246

   Net noncurrent deferred tax liabilities
 
12,384

 
 
219,250

   Net deferred tax liabilities
 
$
12,384

 
 
$
219,250

Schedule of Unrecognized Tax Benefits Roll Forward
The following table reconciles unrecognized tax benefits during the relevant years (in thousands):
 
 
Successor Company
 
 
Predecessor Company

 
 
Period from June 4, 2018 through December 31, 2018
 
 
Period from January 1, 2018 through June 3, 2018
 
Year Ended December 31, 2017
Balance at beginning of period
 
$
8,466

 
 
$
8,587

 
$
11,890

Increase for prior year positions
 

 
 
176

 
447

Decrease for prior year positions
 
(834
)
 
 
(297
)
 
(3,316
)
Settlements
 
(73
)
 
 

 

Lapse of statute of limitations
 
(1,772
)
 
 

 
(434
)
Balance at end of period
 
$
5,787

 
 
$
8,466

 
$
8,587