Reorganization Items
 12 Months Ended
Dec. 31, 2016
Reorganization Items [Abstract]  
Reorganization Items

4. Reorganization Items

Reorganization items represent amounts incurred subsequent to the Petition Date as a direct result of the filing of the Reorganization Plan and are comprised of the following:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

Period from

 

 

 

 

 

 

Year Ended December 31,

 

 

 

February 10, 2016 to December 31, 2016

 

 

 

Period from January 1, 2016 to February 10, 2016

 

 

2015

 

 

2014

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Professional fees

 

$

1,380

 

 

 

$

22,712

 

 

$

39,354

 

 

$

—

 

Net gain on settlement of LSTC

 

 

—

 

 

 

 

(1,630,025

)

 

 

—

 

 

 

—

 

Fresh-start adjustments

 

 

—

 

 

 

 

2,060,232

 

 

 

—

 

 

 

—

 

 

 

$

1,380

 

 

 

$

452,919

 

 

$

39,354

 

 

$

—

 

 

For the periods from February 10, 2016 to December 31, 2016 and from January 1, 2016 to February 10, 2016, cash payments for reorganization items totaled $16.6 million and $7.3 million, respectively.