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Earnings per Share/Unit (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Calculation of Earnings (Loss) per Share/Unit

The following sets forth the calculation of earnings (loss) per share/unit, or EPS/EPU, for the periods indicated (in thousands, except per unit amounts):

 

 

 

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

 

 

 

 

For the

 

 

For the

 

 

May 5, 2017

 

 

 

Period from

 

 

Year Ended

 

 

Year Ended

 

 

through

 

 

 

January 1,

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2017 through

 

 

2019

 

 

2018

 

 

2017

 

 

 

May 4, 2017

 

Net income (loss) attributable to Successor/Predecessor

$

(35,197

)

 

$

54,609

 

 

$

1,286

 

 

 

$

(90,955

)

Less: Net income (loss) allocated to participating restricted stockholders

 

 

 

 

2,426

 

 

 

35

 

 

 

 

 

Basic and diluted earnings available to common stockholders/limited partners

$

(35,197

)

 

$

52,183

 

 

$

1,251

 

 

 

$

(90,955

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares/units:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares/units outstanding — basic

 

29,301

 

 

 

24,959

 

 

 

25,000

 

 

 

 

83,807

 

Dilutive effect of potential common shares

 

 

 

 

 

 

 

 

 

 

 

 

Common shares/units outstanding — diluted

 

29,301

 

 

 

24,959

 

 

 

25,000

 

 

 

 

83,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share/unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(1.20

)

 

$

2.09

 

 

$

0.05

 

 

 

$

(1.09

)

Diluted

$

(1.20

)

 

$

2.09

 

 

$

0.05

 

 

 

$

(1.09

)

Antidilutive stock options (1)

 

 

 

 

 

 

 

517

 

 

 

 

 

Antidilutive warrants (2)

 

9,154

 

 

 

2,174

 

 

 

2,174

 

 

 

 

 

 

(1)

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

(2)

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