XML 57 R46.htm IDEA: XBRL DOCUMENT v3.22.4
Fresh Start Accounting (Fresh Start II) (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 2 Months Ended 12 Months Ended
Feb. 02, 2021
Feb. 02, 2021
Feb. 02, 2021
Mar. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Feb. 03, 2021
Jan. 01, 2021
Dec. 31, 2020
Dec. 31, 2019
Fresh Start, Parenthetical [Abstract]                    
Common stock, par value $ 0.001 $ 0.001 $ 0.001              
Reorganization Adjustments, Cash And Cash Equivalents [Abstract]                    
Payment of debtor in possession financing fees     $ (183)              
Payment of professional fees at the Emergence Date     (2,649)              
Payment of lease rejection damages classified as liabilities subject to compromise     (400)              
Transfers from cash to restricted cash for Professional Fees Escrow and General Unsecured Creditors Escrow     (16,751)              
Payment of debt issuance costs for the Credit Facility     (1,920)              
Net change in cash and cash equivalents     (21,903)              
Reorganization Adjustments, Restricted Cash [Abstract]                    
Restricted Cash and Cash Equivalents, Current $ 16,751 $ 16,751 16,751   $ 0 $ 0 $ 16,751 $ 0 $ 0 $ 0
Debtor Reorganization Items, Accounts Receivables     11              
Reorganization Adjustments, Intangibles [Abstract]                    
Write-off of deferred financing costs related to the Delayed-Draw Term Loan   (12,000) (12,000)              
Capitalization of debt issuance costs associated with the Credit Facility     1,920              
Net change in intangibles and other long-term assets     (10,080)              
Reorganization Adjustments, Accounts Payable [Abstract]                    
Payment of professional fees at the Emergence Date     (2,649)              
Professional fees recognized and payable at the Emergence Date     1,949              
Net change in accounts payable     (700)              
Reorganization Adjustments, Accrued Liabilities [Abstract]                    
Payment of debtor in possession financing fees     (183)              
Accrual of professional fees     6,500              
Accrual for transfer taxes     1,900              
Reinstatement of lease rejection liabilities to be settled post-emergence     700              
Accrual of general unsecured claims against parent     125              
Net change in accrued liabilities     9,042              
Liabilities Subject To Compromise, Settled [Abstract]                    
Prepetition 7.125% and 7.750% notes including accrued interest and unpaid interest 1,335,794 1,335,794 1,335,794              
Rejected lease liability claims 4,956 4,956 4,956              
Allowed Class 6 General Unsecured Claims against Parent 232,022 232,022 232,022              
Liabilities subject to compromise settled in accordance with the Plan 1,572,772 1,572,772 1,572,772              
Reorganization Adjustments, Gain (Loss) On Settlement[Abstract]                    
Accrued liabilities for lease rejection claims     (700)              
Lease liabilities settled at Emergence Date     (1,614)              
Payment to settle lease rejection claims     (400)              
Proceeds from rights offering   963 963              
Cash payout provided to cash opt-in noteholders     (952)              
Cash Pool to settle general unsecured claims against the Predecessor     (125)              
Issuance of Successor Class A common stock to prepetition noteholders (par value)     (193)              
Additional paid-in capital (Successor)     (869,311)              
Successor Class A common stock issued to cash opt-out noteholders in the rights offering (par value)     (7)              
Additional paid-in capital (rights offering shares)     (33,175)              
Gain on settlement of liabilities subject to compromise   667,258 667,258              
Proceeds from rights offering   963 963              
Cash payout provided to cash opt-in noteholders   $ 952                
Debtor Reorganization Items, Discount Price   $ 1.31                
Debtor Reorganization Items, Implied Discount   $ 32,200                
Debtor Reorganization Items, Implied Share Price   $ 45.14                
Debtor Reorganization Items, Cancellation Of Common Stock   $ 16                
Debtor Reorganization Items, Cancellation Of Treasury Stock   4,300                
Reorganization Adjustments, APIC [Abstract]                    
Extinguishment of APIC related to Predecessor's outstanding equity interests   (2,758,812)                
Extinguishment of RSUs for the Predecessor's incentive plan   988                
Net change in Predecessor's additional paid-in capital   (2,757,824)                
Reorganization Adjustments, APIC, Successor [Abstract]                    
Postconfirmation, Additional APIC, Common Shares   869,311                
Postconfirmation, Additional APIC, Rights Offering   33,175                
Postconfirmation, Change In APIC   902,486                
Reorganization Adjustments, Retained Earnings [Abstract]                    
Gain on settlement of liabilities subject to compromise   667,258 667,258              
Accrual for transfer tax   (1,900)                
Extinguishment of RSUs for the Predecessor's incentive plan   (988)                
Adjustment to net deferred tax liability taken to tax expense   (3,100)                
Professional fees earned and payable as a result of consummation of the Plan of Reorganization   (8,449)                
Debtor Reorganization Items, Write-off of Debt Issuance Costs and Debt Discounts   (12,000) (12,000)              
Debtor Reorganization Items, Extinguishment Of Equity   2,754,538                
Net change in retained earnings   3,395,359                
Debtor Reorganization Items, Change In Income Tax Receivable     170              
Reorganization Adjustments, Change In Inventory And Other Current Assets [Abstract]                    
Fair value adjustment to inventory     12,137              
Fair value adjustment to other current assets     (1,070)              
Net change in inventory and other current assets due to the adoption of fresh start accounting     11,067              
Debtor Reorganization Items, Fair Value Adjustment, Assets Held For Sale     3,500 $ 16,500 20,400          
Debtor Reorganization Items, Fair Value Adjustment, PPE         $ 139,600          
Reorganization Adjustments, PPE [Abstract]                    
Property, Plant and Equipment     1,977,815 540,850            
Less: Accumulated Depreciation and Depletion     1,576,552              
Property, Plant and Equipment, net     401,263 540,850            
Debtor Reorganization Items, Fair Value Adjustment, Right Of Use Assets     1,400              
Debtor Reorganization Items, Change In Goodwill     138,900              
Debtor Reorganization Items, Fair Value Adjustment, Intangible Assets 1,400                  
Reorganization Adjustments, Intangible Assets [Abstract]                    
Debtor Reorganization Items, Intangible Assets, Fair Value 4,912 4,912 4,912 6,286            
Debtor Reorganization Items, Change In Other Long Term Assets     17,100              
Debtor Reorganization Items, Fair Value Adjustment, Accrued Expenses     1,400              
Debtor Reorganization Items, Fair Value Adjustment, Current ARO     4,000              
Debtor Reorganization Items, Fair Value Adjustment, Non-Current ARO     34,600              
Debtor Reorganization Items, Change In Deferred Tax Liabilities     70,400              
Debtor Reorganization Items, Change In Realizable Deferred Tax Assets     18,800              
Debtor Reorganization Items, Reclassification Of Deferred Revenue     45,800              
Debtor Reorganization Items, FIN48     1,500              
Debtor Reorganization Items, Reorganization Expense AOCI     (77,376)              
Debtor Reorganization Items, Cumulative Adjustment     (53,251)              
Debtor Reorganization Items, Elimination Of AOCI     (130,627)              
Patents                    
Reorganization Adjustments, Intangible Assets [Abstract]                    
Debtor Reorganization Items, Intangible Assets, Fair Value       2,120            
TrademarksMember                    
Reorganization Adjustments, Intangible Assets [Abstract]                    
Debtor Reorganization Items, Intangible Assets, Fair Value 11 11 11 4,166            
Customer relationships                    
Reorganization Adjustments, Intangible Assets [Abstract]                    
Debtor Reorganization Items, Intangible Assets, Fair Value $ 4,901 $ 4,901 4,901              
Land, Buildings and Improvements [Member]                    
Reorganization Adjustments, PPE [Abstract]                    
Property, Plant and Equipment     205,237 117,341            
Machinery and Equipment [Member]                    
Reorganization Adjustments, PPE [Abstract]                    
Property, Plant and Equipment     1,103,501 290,593            
Rental Services Equipment [Member]                    
Reorganization Adjustments, PPE [Abstract]                    
Property, Plant and Equipment     617,762 92,861            
Other Capitalized Property Plant and Equipment [Member]                    
Reorganization Adjustments, PPE [Abstract]                    
Property, Plant and Equipment     46,403 35,143            
Construction in Progress [Member]                    
Reorganization Adjustments, PPE [Abstract]                    
Property, Plant and Equipment     $ 4,912 $ 4,912            
New Senior Unsecured Notes Due 2021 [Member]                    
Liabilities Subject To Compromise, Settled [Abstract]                    
Debt Instrument, Interest Rate, Stated Percentage 7.125% 7.125% 7.125%              
Senior Unsecured Notes Due 2024 [Member]                    
Liabilities Subject To Compromise, Settled [Abstract]                    
Debt Instrument, Interest Rate, Stated Percentage 7.75% 7.75% 7.75%              
Reorganization, Chapter 11, Fresh-Start Adjustment                    
Reorganization Adjustments, Restricted Cash [Abstract]                    
Restricted Cash and Cash Equivalents, Current $ 16,751 $ 16,751 $ 16,751              
Professional Fee Escrow | Reorganization, Chapter 11, Fresh-Start Adjustment                    
Reorganization Adjustments, Restricted Cash [Abstract]                    
Restricted Cash and Cash Equivalents, Current 16,626 16,626 16,626              
General Unsecured Creditors Escrow | Reorganization, Chapter 11, Fresh-Start Adjustment                    
Reorganization Adjustments, Restricted Cash [Abstract]                    
Restricted Cash and Cash Equivalents, Current $ 125 $ 125 $ 125              
Common Class A [Member]                    
Fresh Start, Parenthetical [Abstract]                    
Common stock, par value $ 0.001 $ 0.001 $ 0.001   $ 0.01 $ 0.01        
Reorganization Adjustments, Changes In Common Stock [Abstract]                    
Issuance of successor Class A common stock to prepetition noteholders (par value)   $ 193                
Successor Class A common stock issued to cash opt-out noteholders in the rights offering (par value)   7                
Net change in Successor Class A common stock   $ 200