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EARNINGS PER SHARE/UNIT
 12 Months Ended
Dec. 31, 2018
EARNINGS PER SHARE/UNIT [Abstract]  
EARNINGS PER SHARE/UNIT

NOTE 16. EARNINGS PER SHARE/UNIT

 

The following sets forth the calculation of earnings per share/unit for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

Predecessor

 

Seven Months

 

 

Five Months

 

 

 

 

 

Ended

 

 

Ended

 

Year Ended December 31,

 

December 31, 2018

  

  

May 31, 2018

    

2017

    

2016

Net income (loss) attributable to Successor/Predecessor

$

23,969

 

 

$

(610,525)

 

$

(134,201)

 

$

(242,895)

Predecessor’s general partner’s 2% interest in net loss

 

 —

 

 

 

12,211

 

 

2,684

 

 

4,858

Earnings attributable to Predecessor’s unvested phantom units

 

 —

 

 

 

 —

 

 

 —

 

 

 —

Net income (loss) available to common stockholders/limited partners

$

23,969

 

 

$

(598,314)

 

$

(131,517)

 

$

(238,037)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares/units outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

10,030

 

 

 

49,369

 

 

49,357

 

 

49,048

Dilutive effect of potential common shares/units

 

 2

 

 

 

 —

 

 

 —

 

 

 —

Diluted

 

10,032

 

 

 

49,369

 

 

49,357

 

 

49,048

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share/unit:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

2.39

 

 

$

(12.12)

 

$

(2.66)

 

$

(4.85)

Diluted

$

2.39

 

 

$

(12.12)

 

$

(2.66)

 

$

(4.85)

 

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive warrants (1)

 

800,000

 

 

 

 —

 

 

 —

 

 

 —

(1)

Amount represents warrants to purchase common stock that are excluded from the diluted net earnings per share calculations because of their antidilutive effect.