Quarterly report pursuant to Section 13 or 15(d)

Chapter 11 Emergence (Tables)

v3.19.1
Chapter 11 Emergence (Tables)
 3 Months Ended
Mar. 31, 2019
Reorganizations [Abstract]  
Schedule of Expenses Incurred Subsequent to and as a Direct Result of Chapter 11 Cases Reorganization items were $93.0 million for the three months ended March 31, 2019, which consisted of:
 
Predecessor
Dollars in thousands
March 31,
2019
Gain on settlement of liabilities subject to compromise
$
(191,129
)
Fresh start valuation adjustments
242,567

Professional fees
30,107

Backstop premium on the rights offering paid in stock
11,033

Other
399

Reorganization items
$
92,977

Schedule of Liabilities Subject to Compromise Liabilities subject to compromise consisted of:
 
Successor
 
 
Predecessor
Dollars in thousands
March 31,
2019
 
 
December 31,
2018
Predecessor 6.75% senior notes, due July 2022
$
—

 
 
$
360,000

Predecessor 7.50% senior notes, due August 2020
—

 
 
225,000

Accrued interest on predecessor senior notes
—

 
 
15,996

Liabilities subject to compromise
$
—

 
 
$
600,996