Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share

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)

	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)

Schedule of Stock Options Excluded from Computation of Earnings Per Share

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

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