LEASES (Tables)

9 Months Ended

Sep. 30, 2019

The following tables provide the components of lease expense included within the Consolidated Statement of Comprehensive Income (Loss) for the three months ended September 30, 2019 (Successor), the period from May 2, 2019 through September 30, 2019 (Successor) and the period from January 1, 2019 through May 1, 2019 (Predecessor):



	Successor Company
	Three Months Ended September 30,
(In thousands)	2019
Operating lease expense	$	37,742
Variable lease expense	$	7,197



	Successor Company		Predecessor Company
	Period from May 2, 2019 through September 30,		Period from January 1, 2019 through May 1,
(In thousands)	2019		2019
Operating lease expense	$	63,181	$	44,667
Variable lease expense	$	10,644	$	476

The following table provides the weighted average remaining lease term and the weighted average discount rate for the Company's leases as of September 30, 2019 (Successor):



	September 30, 2019
Operating lease weighted average remaining lease term (in years)	13.9
Operating lease weighted average discount rate	6.54	%

Lessee, Operating Lease, Liability, Maturity

As of September 30, 2019 (Successor), the Company’s future maturities of operating lease liabilities were as follows:



(In thousands)
2019	$	26,765
2020	137,993
2021	127,849
2022	120,856
2023	107,593
Thereafter	849,530
Total lease payments	$	1,370,586
Less: Effect of discounting	498,550
Total operating lease liability	$	872,036

Schedule of Cash Flow, Supplemental Disclosures

The following table provides supplemental cash flow information related to leases for the period from May 2, 2019 through September 30, 2019 (Successor) and the period from January 1, 2019 through May 1, 2019 (Predecessor):



	Successor Company		Predecessor Company
	Period from May 2, 2019 through September 30,		Period from January 1, 2019 through May 1
(In thousands)	2019		2019
Cash paid for amounts included in measurement of operating lease liabilities	$	57,102	$	44,888
Lease liabilities arising from obtaining right-of-use assets⁽¹⁾	$	13,339	$	913,598

⁽¹⁾Lease liabilities from obtaining right-of-use assets include transition liabilities upon adoption of ASC 842, as well as new leases entered into during the period from May 2, 2019 through September 30, 2019 (Successor) and the period from January 1, 2019 through May 1, 2019 (Predecessor). Upon adoption of fresh start accounting upon emergence from the Chapter 11 Cases, the Company increased its operating lease obligation by $459.0 million to reflect its operating lease obligation as estimated fair value (see Note 3, Fresh Start Accounting).