Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2020

LOSS PER SHARE

Successor Period

On the Effective Date, the company issued 12.0 million shares of New Common Stock at a par value of $0.01 per share that were to be subsequently distributed in accordance with the Plan.

Information related to the calculation of loss per share attributable to the company is:


	Income (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the four months ended December 31, 2020
Basic loss attributable to Unit Corporation per common share	$	(18,140)	12,000	$	(1.51)

Predecessor Period

Information related to the calculation of loss per share attributable to the company is:


	Income (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)




For the year ended December 31, 2019:
Basic loss attributable to Unit Corporation per common share	$	(553,879)	52,849	$	(10.48)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(553,879)	52,849	$	(10.48)
For the eight months ended August 31, 2020
Basic loss attributable to Unit Corporation per common share	$	(931,012)	53,368	$	(17.45)

The following options were not included in the weighted shares above as their affect would be anti-dilutive to the computation of loss per share for the year ended December 31:


	2019
Stock options	42,000
Average exercise price	$	48.56