Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Loss before Income Tax, Domestic and Foreign [Table Text Block]

The jurisdictional components of income (loss) before income taxes consist of the following (amounts in thousands):


	Successor		Predecessor

	Seven Months Ended December 31, 2020		Five Months Ended May 31, 2020		Year Ended December 31, 2019
Domestic	$	(36,216)	$	(98,773)	$	(85,133)
Foreign	(6,824)		(7,238)		11,900
Loss before income taxes	$	(43,040)	$	(106,011)	$	(73,233)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of our income tax expense (benefit) consist of the following (amounts in thousands):


	Successor		Predecessor

	Seven Months Ended December 31, 2020		Five Months Ended May 31, 2020		Year Ended December 31, 2019
Current:
Federal	$	(55)	$	(67)	$	(206)
State	88		86		663
Foreign	309		189		654
	342		208		1,111
Deferred:

State	(123)		(3,347)		729
Foreign	(3,035)		1,353		(11,169)
	(3,158)		(1,994)		(10,440)

Income tax benefit	$	(2,816)	$	(1,786)	$	(9,329)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The difference between the income tax benefit and the amount computed by applying the federal statutory income tax rate to loss before income taxes consists of the following (amounts in thousands):


	Successor		Predecessor

	Seven Months Ended December 31, 2020		Five Months Ended May 31, 2020		Year Ended December 31, 2019
Expected tax benefit	$	(9,038)	$	(22,262)	$	(15,379)
Valuation allowance:
Valuation allowance	2,579		10,623		12,638
Reversal of valuation allowance on foreign operations	—		—		(14,756)


State income taxes	(28)		73		614
Foreign currency translation loss (gain)	(891)		1,579		742
Net tax benefits and nondeductible expenses in foreign jurisdictions	(227)		(537)		940
GILTI tax	—		—		1,579
Stock-based compensation	—		1,449		595
Compensation expense nondeductible for tax purposes	784		—		1,684
Reorganization and restructuring costs	2,418		7,528		1,388
Convertible Notes interest and issuance costs	1,838		—		—
Other nondeductible expenses for tax purposes	(4)		190		575




Other, net	(247)		(429)		51
Income tax benefit	$	(2,816)	$	(1,786)	$	(9,329)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of our deferred income tax assets and liabilities were as follows (amounts in thousands):


	Successor		Predecessor

	December 31, 2020		December 31, 2019
Deferred tax assets:
Net operating loss carryforward	$	82,901	$	110,834
Intangibles	7,653		12,145

Interest expense deduction limitation carryforward	3,200		6,649

Employee stock-based compensation	63		3,124
Employee benefits and insurance claims accruals	866		2,422
Operating lease liabilities	1,027		1,832
Accounts receivable reserve	278		187
Inventory	918		202
Accrued expenses	451		233
Deferred revenue	—		124

	97,357		137,752
Valuation allowance	(74,676)		(59,842)


Deferred tax liabilities:
Property and equipment	(9,816)		(68,694)
Operating lease assets	(998)		(1,686)

Unbilled revenue	(68)		(407)


Net deferred tax assets	$	11,799	$	7,123