Fresh Start Accounting - Footnotes (Details) - USD ($)
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3 Months Ended |
6 Months Ended |
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Apr. 01, 2019 |
Mar. 31, 2019 |
Mar. 30, 2019 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Jun. 30, 2018 |
Mar. 26, 2019 |
Jan. 22, 2014 |
Jul. 30, 2013 |
Fresh-Start Adjustment [Line Items] |
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Predecessor and Successor |
Successor
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Predecessor
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Successor
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Net change in cash and cash equivalents |
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$ 127,849,000
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$ 51,777,000
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$ 127,849,000
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Net change in other current assets |
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19,577,000
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31,944,000
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19,577,000
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Net change in other non-current assets |
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32,997,000
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38,045,000
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32,997,000
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Net change in accounts payable and accrued liabilities |
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135,583,000
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134,461,000
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135,583,000
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Liabilities subject to compromise |
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0
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(600,996,000)
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0
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Gain on settlement of liabilities subject to compromise |
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$ 0
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191,129,000
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$ 0
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Net change in predecessor capital in excess of par value |
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342,650,000
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767,793,000
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342,650,000
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Net change in successor common stock |
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150,000
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1,398,000
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150,000
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Net change in accumulated deficit |
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(681,246,000)
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Intangible assets, net |
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18,000,000
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4,245,000
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18,000,000
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Customer relationships |
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Fresh-Start Adjustment [Line Items] |
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Intangible assets, net |
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16,300,000
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0
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16,300,000
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Trade names |
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Fresh-Start Adjustment [Line Items] |
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Intangible assets, net |
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1,500,000
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368,000
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1,500,000
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Developed technology |
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Fresh-Start Adjustment [Line Items] |
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Intangible assets, net |
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200,000
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3,877,000
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200,000
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Successor credit facility |
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Fresh-Start Adjustment [Line Items] |
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Aggregate principal amount |
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210,000,000
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210,000,000
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$ 210,000,000.0
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Debt instrument fixed interest rate |
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13.00%
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Predecessor 7.50% senior notes, due August 2020 |
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Fresh-Start Adjustment [Line Items] |
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Aggregate principal amount |
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$ 225,000,000.0
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Debt instrument fixed interest rate |
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7.50%
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7.50%
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Predecessor 6.75% senior notes, due July 2022 |
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Fresh-Start Adjustment [Line Items] |
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Aggregate principal amount |
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$ 360,000,000.0
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Debt instrument fixed interest rate |
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6.75%
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6.75%
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Reorganization Adjustments |
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Fresh-Start Adjustment [Line Items] |
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Proceeds from the rights offering |
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95,000,000
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95,000,000
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Transfers from restricted cash for the return of cash collateral (for letters of credit) |
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10,433,000
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10,433,000
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Proceeds from refund of backstop commitment fee |
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7,600,000
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7,600,000
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Transfers from restricted cash for deposit releases |
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250,000
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250,000
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Transfers to restricted cash for funding of professional fees |
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(21,049,000)
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(21,049,000)
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Payment of debtor in possession financing principal and interest |
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(10,035,000)
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(10,035,000)
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Payment of professional fees |
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(5,154,000)
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(5,154,000)
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Payment of debt issuance costs for the successor credit facility |
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(490,000)
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(490,000)
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Payment of fees on letters of credit |
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(58,000)
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(58,000)
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Payment of term loan agent fees |
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(50,000)
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(50,000)
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Payment of other reorganization expenses |
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(375,000)
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(375,000)
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Net change in cash and cash equivalents |
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76,072,000
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76,072,000
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Refund of backstop commitment fee |
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(7,600,000)
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(7,600,000)
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Elimination of predecessor directors and officers insurance policies |
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(702,000)
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(702,000)
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Reclass of prepaid costs related to the successor credit facility |
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(488,000)
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(488,000)
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Payment of other costs related to the successor credit facility |
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26,000
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26,000
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Net change in other current assets |
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(8,764,000)
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(8,764,000)
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Capitalization of debt issuance costs on the successor credit facility |
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765,000
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765,000
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Reclass of prepaid costs related to the successor credit facility |
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488,000
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488,000
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Net change in other non-current assets |
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1,253,000
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1,253,000
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Accrual of professional fees |
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7,100,000
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7,100,000
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Payment of professional fees |
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(2,017,000)
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(2,017,000)
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Payment of debtor in possession financing interest |
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(35,000)
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(35,000)
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Payment of letters of credit fees |
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(58,000)
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(58,000)
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Net change in accounts payable and accrued liabilities |
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4,990,000
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4,990,000
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Liabilities subject to compromise |
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600,996,000
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600,996,000
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Issuance of successor common stock to the 7.50% note holders and 6.75% note holders |
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175,058,000
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175,058,000
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Excess fair value ascribed to lenders participating in equity rights offering |
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24,809,000
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24,809,000
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Gain on settlement of liabilities subject to compromise |
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(191,129,000)
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Cancellation of predecessor preferred stock |
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500,000
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Cancellation of predecessor preferred stock |
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1,398,000
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Issuance of successor warrants to predecessor common stock and predecessor preferred stock holders |
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(14,687,000)
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Issuance of successor common stock to predecessor common stock and predecessor preferred stock holders |
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(4,950,000)
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Excess fair value ascribed to parties participating in rights offering, excluding lenders |
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(18,100,000)
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Net change in predecessor capital in excess of par value |
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342,650,000
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(35,839,000)
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342,650,000
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Issuance of successor common stock to the 7.50% note holders and 6.75% note holders |
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80,000
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80,000
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Issuance of successor common stock pursuant to rights offering |
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68,000
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68,000
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Issuance of successor common stock to predecessor common stock and predecessor preferred stock holders |
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2,000
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2,000
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Net change in successor common stock |
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150,000
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$ (1,398,000)
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150,000
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Issuance of successor common stock to the 7.50% note holders and 6.75% note holders |
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174,978,000
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174,978,000
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Issuance of successor common stock pursuant to rights offering |
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148,874,000
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148,874,000
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Issuance of successor warrants to predecessor common stock and predecessor preferred stock holders |
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14,687,000
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14,687,000
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Issuance of successor common stock to predecessor common stock and predecessor preferred stock holders |
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4,948,000
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4,948,000
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Equity issuance costs |
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(837,000)
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(837,000)
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Gain on settlement of liabilities subject to compromise |
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191,129,000
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191,129,000
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Backstop premium on rights offering |
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(11,032,000)
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(11,032,000)
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Accrual of professional fees |
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(5,988,000)
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(5,988,000)
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Payment of professional fees |
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(3,137,000)
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(3,137,000)
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Elimination of predecessor directors and officers insurance policies |
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(702,000)
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(702,000)
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Payment of other reorganization items |
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(400,000)
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(400,000)
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Net change in accumulated deficit |
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169,870,000
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169,870,000
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Intangible assets, net |
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0
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0
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Fresh Start Adjustments |
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Fresh-Start Adjustment [Line Items] |
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Net change in cash and cash equivalents |
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0
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0
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Net change in other current assets |
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(3,603,000)
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(3,603,000)
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Net change in other non-current assets |
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(6,301,000)
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(6,301,000)
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Net change in accounts payable and accrued liabilities |
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(3,868,000)
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(3,868,000)
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Liabilities subject to compromise |
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0
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0
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Net change in predecessor capital in excess of par value |
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(731,954,000)
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(731,954,000)
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Net change in accumulated deficit |
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511,376,000
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511,376,000
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Intangible assets, net |
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13,755,000
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13,755,000
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Fair value adjustment to rig material and supplies |
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(6,845,000)
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(6,845,000)
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Fair value adjustment to investment in non-consolidated subsidiaries |
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2,290,000
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2,290,000
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Fair value adjustment to long-term notes receivable |
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(272,000)
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(272,000)
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Elimination of capitalized mobilization costs |
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(857,000)
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(857,000)
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Elimination of long-term other deferred charges |
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(617,000)
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(617,000)
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Elimination of deferred rent |
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(1,100,000)
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(1,100,000)
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Elimination of deferred revenue |
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(2,768,000)
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(2,768,000)
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Net change in accounts payable and accrued liabilities |
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$ (3,868,000)
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$ (3,868,000)
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