Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes [Abstract]

Schedule Of Income Tax Provision

The income tax provision is as follows:

	Successor			Predecessor
In thousands:	Period February 3, 2021 through December 31, 2021			Period January 1, 2021 through February 2, 2021			For the Year Ended December 31, 2020			For the Year Ended December 31, 2019
Current income tax expense/(benefit)
Federal	$	(1,106	)	$	-		$	(36,506	)	$	-
State		(307	)		-			635			546
Foreign		6,220			3,314			8,497			(3,359	)
Total current income tax expense/(benefit)		4,807			3,314			(27,374	)		(2,813	)
Deferred income tax expense/(benefit)
Federal		(42,904	)		55,015			4,593			10,175
State		2,633			(182	)		(638	)		1,623
Foreign		2,166			1,856			(3,469	)		(6,252	)
Total deferred income tax expense/(benefit)		(38,105	)		56,689			486			5,546
Total income tax expense/(benefit)	$	(33,298	)	$	60,003		$	(26,888	)	$	2,733

Schedule Of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. statutory federal tax rate to the consolidated effective tax rate is as follows:

	Successor			Predecessor
In thousands:	Period February 3, 2021 through December 31, 2021			Period January 1, 2021 through February 2, 2021			For the Year Ended December 31, 2020			For the Year Ended December 31, 2019
Computed expected tax expense/(benefit)	$	(32,635	)	$	69,125		$	(53,431	)	$	(18,380	)
State and foreign income taxes		(17,893	)		6,217			5,026			(7,444	)
Valuation allowance		-			(46,208	)		19,024			24,638
Gain on Settlement of Liabilities Subject to Compromise		-			(89,905	)		-			-
Reduction in Deferred Tax Assets		19,154			87,316			-			(233	)
Fresh Start Adjustments		-			29,099			-			-
Other		(1,924	)		4,359			2,493			4,152
Total income tax expense/(benefit)	$	(33,298	)	$	60,003		$	(26,888	)	$	2,733

Schedule Of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:

	Successor			Predecessor
In thousands:	December 31, 2021			December 31, 2020
Deferred tax assets:
Allowance for doubtful accounts	$	1,046		$	1,713
Operating loss and tax credit carryforwards		84,684			150,426
Compensation and employee benefits		8,832			27,625
Decommissioning liabilities		39,328			30,960
Operating leases		197			2,792
Other assets		30,749			34,578
Total gross deferred tax assets		164,836			248,094
Less: Valuation allowance		(90,781	)		(139,106	)
Total deferred tax assets		74,055			108,988
Deferred tax liabilities:
Property, plant and equipment		64,721			69,510
Notes receivable		17,812			12,977
Goodwill and other intangible assets		(772	)		23,920
Other liabilities		1,287			7,869
Total deferred tax liabilities		83,048			114,276
Net deferred tax liabilities	$	8,993		$	5,288

Summary Of Activity In Unrecognized Tax Benefits

The activity in unrecognized tax benefits is as follows:

	Successor			Predecessor
In thousands:	Period February 3, 2021 through December 31, 2021			Period January 1, 2021 through February 2, 2021		For the Year Ended December 31, 2020			For the Year Ended December 31, 2019
Unrecognized tax benefits at beginning of period	$	14,706		$	13,206	$	13,206		$	30,558
Additions based on tax positions related to prior years		2,848			1,500		1,757			2,500
Reductions based on tax positions related to prior years		(552	)		-		-			-
Additions based on tax positions related to current year		-			-		-			-
Reductions as a result of a lapse of the applicable statute of limitations		-			-		(757	)		-
Reductions relating to settlements with taxing authorities		(2,029	)		-		(1,000	)		(19,852	)
Unrecognized tax benefits at end of period	$	14,973		$	14,706	$	13,206		$	13,206