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Stock-Based Compensation Plans
3 Months Ended
Mar. 31, 2021
Stock-Based Compensation Plans [Abstract]  
Stock-Based Compensation Plans (16) Stock-Based Compensation Plans

As noted in Note 2 – “Emergence from Voluntary Reorganization under Chapter 11,” the Former Parent’s equity interests were cancelled as of the Emergence Date and new Class A common stock was issued to settle claims arising as a result of holding either the 7.125% Notes or the 7.750% Notes. As a result of the consummation of the Plan, restricted stock units issued prior to the fresh start accounting date under the Company’s stock incentive plans were cancelled for zero consideration. The balance sheet effect of the cancellation is noted in Note 3 – “Fresh Start Accounting.”

See Note 23 – “Subsequent Events” for further information on stock-based compensation plans and the 2021 Management Incentive Plan (the “Incentive Plan”).