Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Operating Lease Expense

Our operating leases are primarily for real estate, machinery and equipment, and vehicles. The terms and conditions for these leases vary by the type of underlying asset. Total operating lease expense was as follows (in thousands):

	Successor		Predecessor
					Year ended December 31,
	For the Period February 3, 2021 through December 31, 2021		For the Period January 1, 2021 through February 2, 2021		2020		2019
Long-term fixed lease expense	$	12,579	$	1,824	$	18,454	$	22,882
Long-term variable lease expense		-		19		10		54
Short-term lease expense		10,165		789		4,322		3,205
Total operating lease expense	$	22,744	$	2,632	$	22,786	$	26,141

Operating leases were as follows (in thousands):

	Successor		Predecessor
	December 31, 2021		December 31, 2020
Operating lease ROU assets	$	25,154	$	33,317
Accrued expenses	$	5,650	$	10,698
Operating lease liabilities		19,193		29,464
Total operating lease liabilities	$	24,843	$	40,162
Weighted average remaining lease term	15 years		11 years
Weighted average discount rate	5.34%		6.35%
Cash paid for operating leases	$	13,591	$	24,657
ROU assets obtained in exchange for lease obligations	$	2,820	$	5,259

Maturities Of Operating Lease Liabilities

Maturities of operating lease liabilities at December 31, 2021 are as follows (in thousands):

2022	$	8,002
2023		5,735
2024		3,611
2025		2,905
2026		1,854
Thereafter		16,628
Total lease payments		38,735
Less imputed interest		(13,892	)
Total	$	24,843