XML 70 R55.htm IDEA: XBRL DOCUMENT v3.24.0.1
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
Mar. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Feb. 03, 2021
Jan. 01, 2021
Fresh Start, Parenthetical [Abstract]                
Common stock, par value $ 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   $ 0 $ 0 $ 0 $ 16,751 $ 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            
Rejected lease liability claims 4,956 4,956            
Allowed Class 6 General Unsecured Claims against Parent 232,022 232,022            
Liabilities subject to compromise settled in accordance with the Plan 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, Debt Issuance Cost and Debt Discount, Writeoff (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 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   400            
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 0 0 2,120          
TrademarksMember                
Reorganization Adjustments, Intangible Assets [Abstract]                
Debtor Reorganization Items, Intangible Assets, Fair Value 11 11 4,166          
Customer relationships                
Reorganization Adjustments, Intangible Assets [Abstract]                
Debtor Reorganization Items, Intangible Assets, Fair Value $ 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%            
Senior Unsecured Notes Due 2024 [Member]                
Liabilities Subject To Compromise, Settled [Abstract]                
Debt Instrument, Interest Rate, Stated Percentage 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            
Professional Fee Escrow | Reorganization, Chapter 11, Fresh-Start Adjustment                
Reorganization Adjustments, Restricted Cash [Abstract]                
Restricted Cash and Cash Equivalents, Current 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            
Common Class A [Member]                
Fresh Start, Parenthetical [Abstract]                
Common stock, par value $ 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