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EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2015
Earnings Per Share, Basic and Diluted [Abstract]  
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
 
Earnings per common share is not provided for the Successor Company as the Company is now a subsidiary of KKR Fund Holdings, which owns 100 common shares of the Company constituting all of its outstanding common shares. The following table presents a reconciliation of basic and diluted net income (loss) per common share for the Predecessor Company (amounts in thousands, except per share information):
 
 
 
Predecessor Company
 
 
 
One month ended
April 30, 2014

 
Four months ended
April 30, 2014

 
Net income (loss)
 
$
(2,203
)
 
$
105,980

 
Less: Preferred share distributions
 
—

 
6,891

 
Net income (loss) available to common shares
 
$
(2,203
)
 
$
99,089

 
Less: Dividends and undistributed earnings allocated to participating securities
 
(5
)
 
292

 
Net income (loss) allocated to common shares
 
$
(2,198
)
 
$
98,797

 
Basic:
 
 

 
 

 
Basic weighted average common shares outstanding
 
204,398

 
204,276

 
Net income (loss) per common share
 
$
(0.01
)
 
$
0.48

 
Diluted:
 
 

 
 

 
Diluted weighted average common shares outstanding(1)
 
204,398

 
204,276

 
Net income (loss) per common share
 
$
(0.01
)
 
$
0.48

 
Distributions declared per common share
 
$
—

 
$
0.22

 
 
 
 
 
 
(1)
Potential anti-dilutive common shares excluded from diluted earnings per share related to common share options were 1,932,279.