Loss Per Share

6 Months Ended

Jun. 30, 2021

– LOSS PER SHARE

On the Effective Date, the company's shares outstanding immediately before the Effective Date were cancelled. Information related to the calculation of capital stock attributable to Unit Corporation is as follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the three months ended June 30, 2021 (Successor)
Basic loss attributable to Unit Corporation per common share	$	(12,994)	11,901	$	(1.09)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(12,994)	11,901	$	(1.09)
For the three months ended June 30, 2020 (Predecessor)
Basic loss attributable to Unit Corporation per common share	$	(215,649)	53,503	$	(4.03)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(215,649)	53,503	$	(4.03)

Because of the net loss for the three months ended June 30, 2021, approximately 77,863 weighted average shares of restricted stock were antidilutive and were excluded from the earnings per share calculation above.

The following table shows the number of stock options (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:


	Successor		Predecessor
	Three Months Ended June 30, 2021		Three Months Ended June 30, 2020

Stock options	—		28,000
Average exercise price	$	—	$	52.24


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the six months ended June 30, 2021 (Successor)
Basic loss attributable to Unit Corporation per common share	$	(14,931)	11,950	$	(1.25)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(14,931)	11,950	$	(1.25)
For the six months ended June 30, 2020 (Predecessor)
Basic loss attributable to Unit Corporation per common share	$	(986,143)	53,317	$	(18.50)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(986,143)	53,317	$	(18.50)

Because of the net loss for the six months ended June 30, 2021, approximately 39,147 weighted average shares of restricted stock were antidilutive and were excluded from the earnings per share calculation above.

The following table shows the number of stock options (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:


	Successor		Predecessor
	Six Months Ended June 30, 2021		Six Months Ended June 30, 2020

Stock options	—		28,000
Average exercise price	$	—	$	52.24