Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Interest Expense

Interest Expense

The following table summarizes the components of interest expense for the periods presented:

	Successor			Predecessor
	Period From January 13, 2016			Period From January 1, 2016			Year Ended December 31,
	Through December 31, 2016			Through September 12, 2016			2015			2014
Interest on borrowings and related fees 1	$	678		$	36,012		$	92,490		$	91,866
Amortization of debt issuance costs 2	226			22,189			4,749			4,197
Capitalized interest	(25		)	(183		)	(6,288		)	(7,232		)
	$	879		$	58,018		$	90,951		$	88,831

______________________

¹ Absent the bankruptcy proceedings and the corresponding suspension of the accrual of interest on unsecured debt, we would have recorded total contractual interest expense of $66.1 million for the period from January 1, 2016 through September 12, 2016, including $15.3 million attributable to the 2019 Senior Notes and $46.3 million attributable to the 2020 Senior Notes.

²   Includes $20.5 million related to the accelerated write-off of unamortized debt issuance costs associated with the RBL and Senior Notes (see Note 11).

Carrying Amount of Components of Long-term Debt

The following table summarizes our long-term debt as of the dates presented:

	Successor				Predecessor
	December 31, 2016				December 31, 2015
	Principal		Unamortized Issuance Costs 1		Principal			Unamortized Issuance Costs 1
Credit facility 2	$	25,000			$	—
Pre-petition credit facility 3					170,000
Senior notes due 2019	—		$	—	300,000			$	3,295
Senior notes due 2020	—		—		775,000			17,322
Totals	25,000		$	—	1,245,000			$	20,617
Less: Unamortized issuance costs	—				(20,617		)
Less: Current portion	—				(1,224,383		)
Long-term debt, net of unamortized issuance costs	$	25,000			$	—

Components of Interest Expense

The following table summarizes the components of interest expense for the periods presented:

	Successor			Predecessor
	Period From January 13, 2016			Period From January 1, 2016			Year Ended December 31,
	Through December 31, 2016			Through September 12, 2016			2015			2014
Interest on borrowings and related fees 1	$	678		$	36,012		$	92,490		$	91,866
Amortization of debt issuance costs 2	226			22,189			4,749			4,197
Capitalized interest	(25		)	(183		)	(6,288		)	(7,232		)
	$	879		$	58,018		$	90,951		$	88,831

______________________

¹ Absent the bankruptcy proceedings and the corresponding suspension of the accrual of interest on unsecured debt, we would have recorded total contractual interest expense of $66.1 million for the period from January 1, 2016 through September 12, 2016, including $15.3 million attributable to the 2019 Senior Notes and $46.3 million attributable to the 2020 Senior Notes.

²   Includes $20.5 million related to the accelerated write-off of unamortized debt issuance costs associated with the RBL and Senior Notes (see Note 11).