Earnings (Loss) Per Common Share

Basic earnings (loss) per share (EPS) is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period.

Diluted EPS is computed based on the sum of the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares consist of shares issuable from stock-based compensation awards and the Convertible Notes. Potentially dilutive common shares from outstanding stock-based compensation awards are determined using the average share price for each period under the treasury stock method. Potentially dilutive shares from the Convertible Notes are determined using the if-converted method, whereby the Convertible Notes are assumed to be converted and included in the denominator of the EPS calculation and the interest expense, net of tax, recorded in connection with the Convertible Notes is added back to net income (loss).

The following presents a reconciliation of the numerators and denominators of the basic and diluted EPS computations (amounts in thousands, except per share data):



	Successor			Predecessor
	One Month Ended June 30, 2020			Two Months Ended May 31, 2020			Three Months Ended June 30, 2019
Numerator:
Net loss (numerator for basic EPS)	$	(9,817	)	$	(35,121	)	$	(12,944	)
Interest expense on Convertible Notes, net of tax	—			—			—
Numerator for diluted EPS, if-converted method	(9,817		)	(35,121		)	(12,944		)

Denominator:
Weighted-average shares (denominator for basic EPS)	1,048			79,288			78,430
Potentially dilutive shares issuable from Convertible Notes, if-converted method	—			—			—
Potentially dilutive shares issuable from outstanding stock-based compensation awards, treasury stock method	—			—			—
Denominator for diluted EPS	1,048			79,288			78,430
Loss per common share - Basic	$	(9.37	)	$	(0.44	)	$	(0.17	)
Loss per common share - Diluted	$	(9.37	)	$	(0.44	)	$	(0.17	)
Potentially dilutive securities excluded as anti-dilutive	9,733			4,103			4,858



	Successor			Predecessor
	One Month Ended June 30, 2020			Five Months Ended May 31, 2020			Six Months Ended June 30, 2019
Numerator:
Net loss (numerator for basic EPS)	$	(9,817	)	$	(104,225	)	$	(28,059	)
Interest expense on Convertible Notes, net of tax	—			—			—
Numerator for diluted EPS, if-converted method	(9,817		)	(104,225		)	(28,059		)

Denominator:
Weighted-average shares (denominator for basic EPS)	1,048			78,968			78,371
Potentially dilutive shares issuable from Convertible Notes, if-converted method	—			—			—
Potentially dilutive shares issuable from outstanding stock-based compensation awards, treasury stock method	—			—			—
Denominator for diluted EPS	1,048			78,968			78,371
Loss per common share - Basic	$	(9.37	)	$	(1.32	)	$	(0.36	)
Loss per common share - Diluted	$	(9.37	)	$	(1.32	)	$	(0.36	)
Potentially dilutive securities excluded as anti-dilutive	9,733			4,517			3,709