Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income (Loss)

Note 7— Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in the accumulated balances for each component of “Accumulated other comprehensive income (loss)” (“AOCI”) for the three months ended June 30, 2022, the period from February 6 through June 30, 2021, and the period from January 1 through February 5, 2021. All amounts within the table are shown net of tax.


	Defined Benefit Pension Items (1)		Foreign Currency Items		Total
Balance at 12/31/2020 (Predecessor)	$	(39,737)	$	(18,275)	$	(58,012)
Activity during period:
Other comprehensive income (loss) before reclassifications	—		(116)		(116)
Amounts reclassified from AOCI	224		—		224
Net other comprehensive income (loss)	224		(116)		108
Cancellation of Predecessor equity	39,513		18,391		57,904
Balance at 2/5/2021 (Predecessor)	$	—	$	—	$	—


Balance at 2/6/2021 (Successor)	$	—	$	—	$	—
Activity during period:
Other comprehensive income before reclassifications	—		—		—
Amounts reclassified from AOCI	—		—		—
Net other comprehensive income	—		—		—
Balance at 3/31/2021 (Successor)	$	—	$	—	$	—
Activity during period:
Other comprehensive income before reclassifications	168		—		168
Amounts reclassified from AOCI	—		—		—
Net other comprehensive income	168		—		168
Balance at 6/30/2021 (Successor)	$	168	$	—	$	168





Balance at 12/31/2021 (Successor)	$	5,389	$	—	$	5,389


Activity during period:
Other comprehensive loss before reclassifications	(424)		—		(424)
Amounts reclassified from AOCI	—		—		—
Net other comprehensive loss	(424)		—		(424)
Balance at Balance at 3/31/2022 (Successor)	$	4,965	$	—	$	4,965
Activity during period:
Other comprehensive loss before reclassifications	(1,163)		—		(1,163)
Amounts reclassified from AOCI	—		—		—
Net other comprehensive loss	(1,163)		—		(1,163)
Balance at 6/30/2022 (Successor)	$	3,802	$	—	$	3,802

(1)Defined benefit pension items relate to actuarial changes, the amortization of prior service costs and the unrealized gain (loss) on foreign exchange on pension assets. Reclassifications from AOCI are recognized as expense on our Condensed Consolidated Statements of Operations through “Other income (expense).” See “Note 10— Employee Benefit Plans” for additional information.