Taxes |
6 Months Ended |
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Jul. 31, 2021 | |
| Taxes | |
| Taxes |
(5) Taxes For the Successor period from June 12, 2021 through July 31, 2021, the Company recorded a tax benefit of $5.5 million on pretax loss of $43.0 million. The tax benefit reflects current period changes in the Company’s valuation allowance on our deferred tax assets and the impact of foreign rate differential. For the Predecessor period from May 1, 2021 through June 11, 2021, the Company recorded a tax benefit of $1.6 million on pretax loss of $13.5 million. The tax benefit reflects the impact of changes in the Company’s valuation allowance on our deferred tax assets and for foreign rate differential. For the predecessor period from February 1, 2021 through June 11, 2021, the Company recorded a tax benefit of $3.7 million on pretax loss of $53.0 million. The tax benefit reflects the impact of changes in the Company’s valuation allowance on our deferred tax assets and for foreign rate differential. For the three-month and six-month predecessor periods ended July 31, 2020, the Company recorded tax benefits of $0.9 million and $9.8 million on pretax losses of $71.9 million and $514.7 million, respectively. The tax benefit reflected the impact of foreign rate differential, changes in the Company’s valuation allowance on our deferred tax assets and the impairment of intangible assets. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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