Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Liabilities Subject to Compromise

The following table summarizes the components of liabilities subject to compromise included in the condensed consolidated balance sheets:

(in thousands)	September 30, 2020
Accounts payable	$	5,892
Accounts payable — related parties	139
Oil, natural gas liquid and natural gas sales	20,361
Accrued liabilities	29,229
Current maturities of long-term debt	252,157
Long-term debt	260
Equity warrant liability — related parties	1
Other non-current liabilities	1,154
Total liabilities subject to compromise	$	309,193

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of basic and diluted earnings per share:

.

	Three Months Ended September 30,				Nine Months Ended September 30,
In thousands, except shares and per-share data	2020		2019		2020		2019
Numerator — Basic
Total net (loss) income attributable to common stockholders	$	(38,473)	$	14,058	$	(194,423)	$	(35,394)
Less: allocation to participating securities	—		(5,494)		—		—
Net (loss) income attributable to common stockholders	$	(38,473)	$	8,564	$	(194,423)	$	(35,394)
Numerator — Diluted
Net income (loss) allocated to common stockholders - basic	$	(38,473)	$	8,564	$	(194,423)	$	(35,394)
Restricted stock unit compensation gain, net of tax	$	—	$	(80)	$	—	$	—
Net income (loss) allocated to common stockholders - diluted	$	(38,473)	$	8,484	$	(194,423)	$	(35,394)
Denominator
Weighted average number of common shares — Basic	25,361,361		24,933,853		25,238,972		24,852,994
Restricted stock units converted under the treasury method	—		397,957		—		—
Weighted average number of common shares — Diluted	25,361,361		25,331,810		25,238,972		24,852,994
Earnings per share
Basic	$	(1.52)	$	0.34	$	(7.70)	$	(1.42)
Diluted	$	(1.52)	$	0.33	$	(7.70)	$	(1.42)

Schedule of Potentially Dilute Earnings Per Share in Future Were Excluded in the Computation of Diluted Net (Loss) Income Per Share as They Were Anti-dilutive

The following securities were excluded from the computation of diluted net loss per share, as their effect would have been antidilutive:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
Preferred stock	17,482,167	15,997,411	17,101,727	15,649,269
Warrants	760,000	760,000	760,000	760,000
Stock appreciation rights	1,010,000	1,010,000	1,010,000	1,010,000
Restricted stock units	963,049	—	921,723	1,457,701