Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

The following table presents the computation of basic and diluted loss per share for Noble:




	Successor								Predecessor
							Period From		Period From
							February 6, 2021		January 1, 2021
	Three Months Ended September 30,				Nine Months Ended		through		through
	2022		2021		September 30, 2022		September 30, 2021		February 5, 2021
Numerator:
Basic


Net income (loss)	$	33,585	$	(23,665)	$	33,986	$	(21,454)	$	250,228
Diluted


Net income (loss)	$	33,585	$	(23,665)	$	33,986	$	(21,454)	$	250,228
Denominator:
Weighted average shares outstanding – basic	70,318		66,623		69,260		61,847		251,115
Dilutive effect of share-based awards	3,388		—		3,388		—		5,456
Dilutive effect of warrants	8,220		—		8,718		—		—
Weighted average shares outstanding – diluted	81,926		66,623		81,366		61,847		256,571
Per share data
Basic:


Net income (loss)	$	0.48	$	(0.36)	$	0.49	$	(0.35)	$	1.00
Diluted:


Net income (loss)	$	0.41	$	(0.36)	$	0.42	$	(0.35)	$	0.98

Schedule of Antidilutive Securities Excluded from Computation of Income (Loss) Per Share

The following table displays the share-based instruments that have been excluded from diluted income or loss per share since the effect would have been anti-dilutive:


	Successor				Predecessor
				Period From	Period From
				February 6, 2021	January 1, 2021
	Three Months Ended September 30,		Nine Months Ended	through	through
	2022	2021	September 30, 2022	September 30, 2021	February 5, 2021
Share-based awards	—	3,124	—	3,124	556
Warrants (1)	2,774	19,412	2,774	19,412	—

(1)Represents the total number of warrants outstanding which did not have a dilutive effect. In periods where the warrants are determined to be dilutive, the number of shares which will be included in the computation of diluted shares is determined using the treasury stock method, adjusted for mandatory exercise provisions under the warrant agreements if applicable.