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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2021
Long-term Debt, Unclassified [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following items as of December 31, 2021 and 2020 (in thousands):
Successor Predecessor
December 31, 2021December 31, 2020
New Credit Facility$164,000 $— 
8.000% senior unsecured notes due 2026
550,000 — 
DIP credit facility— 157,500 
Pre-petition revolving credit facility— 292,910 
6.625% senior unsecured notes due 2023
— 324,583 
6.000% senior unsecured notes due 2024
— 579,568 
6.375% senior unsecured notes due 2025
— 507,870 
6.375% senior unsecured notes due 2026
— 374,617 
Building loan— 21,914 
Net unamortized debt issuance costs(1,054)— 
          Total Debt, net712,946 2,258,962 
Less: current maturities of long term debt— (253,743)
Less: amounts reclassified to liabilities subject to compromise— (2,005,219)
          Total Debt reflected as long term$712,946 $— 
Schedule of interest expense
The following schedule shows the components of interest expense for the Successor Period, Predecessor Period, and the years ended December 31, 2020, and 2019 (in thousands):
SuccessorPredecessor
Period from May 18, 2021 through December 31, 2021Period from January 1, 2021 through May 17, 2021Year Ended December 31, 2020Year Ended December 31, 2019
Cash paid for interest$33,295 $7,272 $84,823 $142,664 
Change in accrued interest6,061 (1,503)30,600 (3,834)
Capitalized interest(198)— (907)(3,372)
Amortization of loan costs1,663 — 5,563 6,328 
Other32 (1,610)— — 
Total interest expense$40,853 $4,159 $120,079 $141,786