Annual report pursuant to Section 13 and 15(d)

Schedule II - Valuation and Qualifying Accounts

v3.19.3.a.u2
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts
Schedule II—Valuation and Qualifying Accounts

Classifications
 
Balance at
beginning
of year
 
Charged to
cost and
expenses
 
Charged
to other
accounts
 
Deductions
 
Balance at 
end of
year
Dollars in Thousands
 
 
 
 
 
 
 
 
 
 
Nine Months Ended December 31, 2019 (Successor)
 
 
 
 
 
 
 
 
 
 
Allowance for bad debt
 
$
—

 
336

 
428

 
(421
)
 
$
343

Allowance for obsolete rig materials and supplies
 
$
1

 
—

 
—

 
—

 
$
1

Deferred tax valuation allowance
 
$
87,411

 
3,706

 
—

 
—

 
$
91,117

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2019 (Predecessor)
 
 
 
 
 
 
 
 
 
 
Allowance for bad debt
 
$
7,767

 
90

 
11

 
(7,868
)
 
$
—

Allowance for obsolete rig materials and supplies
 
$
1,547

 
—

 
—

 
(1,546
)
 
$
1

Deferred tax valuation allowance
 
$
186,267

 
(98,856
)
 


 
—

 
$
87,411

Year Ended December 31, 2018 (Predecessor)
 
 
 
 
 
 
 
 
 
 
Allowance for bad debt
 
$
7,564

 
309

 
(47
)
 
(59
)
 
$
7,767

Allowance for obsolete rig materials and supplies
 
$
809

 
1,041

 
—

 
(303
)
 
$
1,547

Deferred tax valuation allowance
 
$
157,914

 
28,353

 
—

 
—

 
$
186,267