EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Earnings (Loss) Per Share [Table Text Block]

Information related to the calculation of earnings (loss) per share attributable to Unit Corporation for the year ended December 31, 2021, four months ended December 31, 2020, and eight months ended August 31, 2020 is as follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the year ended December 31, 2021 (Successor)
Basic earnings attributable to Unit Corporation per common share	$	60,647	11,405	$	5.32
Effect of dilutive restricted stock units	—		115	(0.06)
Diluted earnings attributable to Unit Corporation per common share	$	60,647	11,520	$	5.26
For the four months ended December 31, 2020 (Successor)
Basic loss attributable to Unit Corporation per common share	$	(18,140)	12,000	$	(1.51)
For the eight months ended August 31, 2020 (Predecessor)
Basic loss attributable to Unit Corporation per common share	$	(931,012)	53,368	$	(17.45)

Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share [Table Text Block]

The following stock options were not included in the computation of diluted earnings (loss) per share because the option exercise prices were greater than the average market price of our common stock for the year ended December 31, 2021:


	2021
Stock options	361,418
Average exercise price	$	45.00