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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Denominators and Additional Shares that are Excluded from the Calculation of EPS

The following table sets forth the computation of basic and diluted earnings per share for the Successor years ended December 31, 2016 and 2015, the Successor Period ended December 31, 2014 and the Predecessor Period ended March 31, 2014 (in thousands, except for earnings per share):

 

 

 

SUCCESSOR

 

 

 

PREDECESSOR

 

 

 

Year Ended

 

 

Year Ended

 

 

Period Ended

 

 

 

Period Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

March 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

2014

 

Weighted-average shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

35,690

 

 

 

31,346

 

 

 

30,869

 

 

 

 

25,047

 

RSAs

 

 

88

 

 

 

-

 

 

 

-

 

 

 

 

-

 

     Total weighted-average shares

 

 

35,778

 

 

 

31,346

 

 

 

30,869

 

 

 

 

25,047

 

Earnings per common share—Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

13,425

 

 

$

(8,673

)

 

$

(14,336

)

 

 

$

(1,236

)

Less: Undistributed earnings allocated to RSAs

 

 

33

 

 

 

-

 

 

 

-

 

 

 

 

-

 

     Net income (loss) available to common shareholders—Basic

 

$

13,392

 

 

$

(8,673

)

 

$

(14,336

)

 

 

$

(1,236

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share—Basic

 

$

0.38

 

 

$

(0.28

)

 

$

(0.46

)

 

 

$

(0.05

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

35,690

 

 

 

31,346

 

 

 

30,869

 

 

 

 

25,047

 

Effect of diluted shares

 

 

639

 

 

 

-

 

 

 

-

 

 

 

 

-

 

Diluted weighted-average shares outstanding

 

 

36,329

 

 

 

31,346

 

 

 

30,869

 

 

 

 

25,047

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share—Diluted

 

$

0.37

 

 

$

(0.28

)

 

$

(0.46

)

 

 

$

(0.05

)