EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2017

LOSS PER SHARE

Basic loss per share is determined by dividing net loss attributable to Key by the weighted average number of common shares actually outstanding during the period. Diluted loss per common share is based on the increased number of shares that would be outstanding assuming conversion of potentially dilutive outstanding securities using the treasury stock and “as if converted” methods.

The components of our loss per share are as follows (in thousands, except per share amounts):



	Successor			Predecessor			Successor			Predecessor
	Three Months Ended June 30, 2017			Three Months Ended June 30, 2016			Six Months Ended June 30, 2017			Six Months Ended June 30, 2016
Basic and Diluted EPS Calculation:
Numerator
Net loss	$	(13,183	)	$	(92,802	)	$	(60,042	)	$	(174,416	)
Denominator
Weighted average shares outstanding	20,099			160,982			20,098			160,514
Basic and diluted loss per share	$	(0.66	)	$	(0.58	)	$	(2.99	)	$	(1.09	)

Restricted stock units (“RSUs”), stock options, stock appreciation rights (“SARs”) and warrants are included in the computation of diluted earnings per share using the treasury stock method. Restricted stock awards are legally considered issued and outstanding when granted and are included in basic weighted average shares outstanding.

The company has issued potentially dilutive instruments such as RSUs, stock options, SARs and warrants. However, the company did not include these instruments in its calculation of diluted loss per share during the periods presented, because to include them would be anti-dilutive. The following table shows potentially dilutive instruments (in thousands):



	Successor	Predecessor	Successor	Predecessor
	Three Months Ended June 30, 2017	Three Months Ended June 30, 2016	Six Months Ended June 30, 2017	Six Months Ended June 30, 2016
RSUs	667	62	667	62
Stock options	667	587	667	812
SARs	—	240	—	240
Warrants	1,838	—	1,838	—
Total	3,172	889	3,172	1,114

No events occurred after June 30, 2017 that would materially affect the number of weighted average shares outstanding.