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SEC Filings

10-K
KEY ENERGY SERVICES INC filed this Form 10-K on 02/28/2018
Entire Document
 
Key Energy Services, Inc. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)



The table below presents comparative detailed information about other current liabilities at December 31, 2017 and 2016 (in thousands):
 
December 31,
 
2017
 
2016
Other current liabilities:
 
 
 
Accrued payroll, taxes and employee benefits
$
19,874

 
$
23,224

Accrued operating expenditures
11,644

 
16,669

Income, sales, use and other taxes
12,151

 
10,748

Self-insurance reserves
26,761

 
35,484

Accrued interest
6,605

 
1,419

Accrued insurance premiums
4,077

 
2,347

Unsettled legal claims
4,747

 
5,398

Accrued severance
250

 
2,219

Current liabilities held for sale

 
371

Other
1,470

 
6,059

Total
$
87,579

 
$
103,938

The table below presents comparative detailed information about other non-current liabilities at December 31, 2017 and 2016 (in thousands):
 
December 31,
 
2017
 
2016
Other non-current liabilities:
 
 
 
Deferred tax liabilities
$

 
$
35

Asset retirement obligations
8,931

 
9,035

Environmental liabilities
1,977

 
3,446

 Accrued sales, use and other taxes
17,142

 
16,735

Other
116

 
528

Total
$
28,166

 
$
29,779


NOTE 8.    OTHER (INCOME) LOSS, NET
The table below presents comparative detailed information about our other income and expense for the year ended December 31, 2017, the period from December 16, 2016 through December 31, 2016, the period from January 1, 2016 through December 15, 2016 and the year ended December 31, 2015 (in thousands):
 
Successor
 
 
Predecessor
 
Year Ended December 31, 2017
 
Period from December 16, 2016 through December 31, 2016
 
 
Period from January 1, 2016 through December 15, 2016
 
Year Ended December 31, 2015
Interest income
$
(711
)
 
$
(20
)
 
 
$
(407
)
 
$
(159
)
Foreign exchange loss
(33
)
 
17

 
 
1,005

 
4,153

Allowance for collectability of notes receivable

 

 
 

 
7,705

Other, net
(6,443
)
 
35

 
 
(3,041
)
 
(2,305
)
Total
$
(7,187
)
 
$
32

 
 
$
(2,443
)
 
$
9,394


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