Quarterly report pursuant to Section 13 or 15(d)

Interest Expense (Tables)

v3.7.0.1
Interest Expense (Tables)
6 Months Ended
Jun. 30, 2017
Banking and Thrift [Abstract]  
Interest Expense Net Disclosure

Debt Instrument [Line Items]  
Interest Expense
The following table summarizes the components of interest expense for the periods presented:
 
Successor
 
 
Predecessor
 
Successor
 
 
Predecessor
 
Three Months
 
 
Three Months
 
Six Months
 
 
Six Months
 
Ended
 
 
Ended
 
Ended
 
 
Ended
 
June 30, 2017
 
 
June 30, 2016
 
June 30, 2017
 
 
June 30, 2016
Interest on borrowings and related fees 1
$
515

 
 
$
11,344

 
$
905

 
 
$
34,649

Amortization of debt issuance costs 2
800

 
 
20,920

 
988

 
 
22,189

Capitalized interest
(41
)
 
 
(43
)
 
(81
)
 
 
(183
)
 
$
1,274

 
 
$
32,221

 
$
1,812

 
 
$
56,655


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1 
Absent the bankruptcy proceedings and the corresponding suspension of the accrual of interest on unsecured debt, we would have recorded total contractual interest expense of $23.5 million and $46.9 million for the three and six months ended June 30, 2016, including $5.4 million and $10.9 million attributable to the 7.25% Senior Notes due 2019 (“2019 Senior Notes”) and $16.5 million and $32.9 million attributable to the 8.5% Senior Notes due 2020 (together with the 2019 Senior Notes, the “Senior Notes”).
2
Includes a $0.6 million write-off in June 2017 attributable to a change in the composition of financial institutions comprising the Credit Facility’s bank group (see Note 7). Includes $20.5 million related to the accelerated write-off of unamortized debt issuance costs associated with the RBL and Senior Notes for the six months ended June 30, 2016.