Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.19.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by type The following table shows the Company’s revenues by type:
 
Predecessor
Dollars in thousands
Three Months Ended 
 March 31, 2019
Lease revenue
$
42,041

Service revenue
115,356

Total revenues
$
157,397

Contract with Customer, Asset and Liability Significant changes to contract liabilities balances during the three months ended March 31, 2019 are shown below:
Dollars in thousands
Contract Liabilities
Balance at December 31, 2018 (Predecessor)
$
6,522

Decrease due to recognition of revenue
(1,451
)
Increase to deferred revenue during current period
1,635

Elimination of deferred revenue due to the adoption of fresh start accounting
(3,634
)
Balance at March 31, 2019 (Predecessor)
3,072

Balance at March 31, 2019 (Successor)
$
3,072

The following table provides information about contract liabilities from contracts with customers:
 
Successor
 
 
Predecessor
Dollars in thousands
March 31,
2019
 
 
December 31,
2018
Contract liabilities - current (Deferred revenue) (1)
$
1,746

 
 
$
4,081

Contract liabilities - noncurrent (Deferred revenue) (1)
1,326

 
 
2,441

Total contract liabilities
$
3,072

 
 
$
6,522

(1)
Contract liabilities - current and contract liabilities - noncurrent are included in accounts payable and accrued liabilities and other long-term liabilities respectively, in our consolidated condensed balance sheet as of March 31, 2019 and December 31, 2018.
Revenue Expected to be Recognized in the Future Related to Performance Obligations The following table includes revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.
 
Successor
 
Balance at March 31, 2019
Dollars in thousands
Remaining 2019
 
2020
 
2021
 
Beyond 2021
 
Total
Deferred lease revenue
$
—

 
—

 
—

 
—

 
$
—

Deferred service revenue
$
1,374

 
877

 
618

 
203

 
$
3,072