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NET INCOME (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of Net (Loss) Per Share
The computation of basic and diluted net loss per share for the periods presented in the consolidated financial statements is shown in the table below.
 
For the Year Ended December 31,
 
2019
 
2018(1)
 
2017(1)
 
Loss(2)
 
Shares
 
Per Share
 
Loss
 
Shares
 
Per Share
 
Loss
 
Shares
 
Per Share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share data)
Basic and Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Class A common shareholders
$
(369,670
)
 
74,929
 
$
(4.93
)
 
$
(4,388
)
 
173,125
 
$
(0.03
)
 
$
(18,575
)
 
62,259
 
$
(0.30
)

(1)
Shares of Class A Common Stock and Class C Common Stock issued to Apache in exchange for its ownership interests in the Altus Midstream Entities were retroactively restated from May 26, 2016 (inception) to the Closing Date, based on the proportionate value of the capital contributions made by Apache to the Altus Midstream Entities. The calculation of the weighted average shares outstanding from inception up to the Closing Date includes all shares issued to Apache, in order to reflect Apache’s 100 percent economic interest in the Altus Midstream Entities until that time. For further detail of the Business Combination and associated financial statement presentation, see Note 1—Summary of Significant Accounting Policies and Note 2—Recapitalization Transaction.
(2)
Net income attributable to Preferred Unit limited partners increased the net loss attributable to Class A common shareholders for the year ended December 31, 2019.