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Supplemental quarterly financial information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of unaudited interim results of operations
The following tables present a summary of our unaudited interim results of operations:
 
 
Successor
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2018
 
 
 
 
 
 
 
 
Total revenues
 
$
59,087

 
$
59,625

 
$
66,718

 
$
61,932

Operating income (loss) (1)
 
$
8,426

 
$
12,024

 
$
18,312

 
$
(8,585
)
Net income (loss)
 
$
(11,442
)
 
$
(21,993
)
 
$
(12,068
)
 
$
78,945

Earnings per share:
 
 

 
 

 
 

 
 

Basic for Class A and Class B (2)
 
(0.25
)
 
$
(0.49
)
 
$
(0.27
)
 
$
1.74

Diluted for Class A and Class B (2)
 
(0.25
)
 
$
(0.49
)
 
$
(0.27
)
 
$
1.73

____________________________________________________________
(1)
Includes loss on impairment of oil and natural gas properties of $20,065 for the fourth quarter.
(2)
On December 19, 2018, all outstanding shares of Class B common stock converted into the same number of shares of Class A common stock.
 
 
Predecessor
 
 
Successor
 
 
January 1 Through March 21, 2017
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2017
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
$
66,531

 
 
$
7,808

 
$
74,048

 
$
75,947

 
$
69,276

Operating income (loss) (1)
 
$
9,752

 
 
$
(6,292
)
 
$
4,600

 
$
2,135

 
$
(45,709
)
Net income (loss) (2)(3)
 
$
1,041,959

 
 
$
(19,683
)
 
$
21,365

 
$
(19,115
)
 
$
(101,469
)
Earnings per share
 
 
 
 
 
 
 
 
 
 
 
Basic for Class A and Class B
 
*

 
 
*

 
0.47

 
(0.42
)
 
(2.26
)
Diluted for Class A and Class B
 
*

 
 
*

 
0.47

 
(0.42
)
 
(2.26
)
____________________________________________________________
(1)
Includes loss on impairment of oil and natural gas properties of $42,146 for the fourth quarter.
(2)
Includes a loss from the sale of our EOR assets of $25,163 for the fourth quarter. See “Note 6—Acquisitions and divestitures” for additional information.
(3)
Includes reorganization items income (expense) related to the Company’s restructuring under Chapter 11 filings of $988,727, $(620), $(1,070), $(858), and $(543) for the Predecessor first quarter, Successor first, second, third, and fourth quarters, respectively. See “Note 4—Fresh start accounting” for additional information.
*     Item not disclosed. See “Note 2—Earnings per share.”