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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Weighted Average Shares Outstanding Earnings Per Share
The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods (in thousands, except per share amounts):
 
Successor
 
 
Predecessor
 
 
Period from
March 1, 2017
through
March 31, 2017
 
 
Period from
January 1, 2017
through
February 28, 2017
 
Three Months Ended
March 31, 2016
 
Income (numerator):
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Net income (loss)
$
(259,613
)
 
 
$
630,317

 
$
(188,784
)
 
Net income attributable to participating securities
—

 
 
(4,995
)
 
—

 
Net income (loss) attributable to common stock - basic
$
(259,613
)
 
 
$
625,322

 
$
(188,784
)
 
Diluted:
 
 
 
 
 
 
 
Net income (loss)
$
(259,613
)
 
 
630,317

 
$
(188,784
)
 
Net income attributable to participating securities
—

 
 
(4,995
)
 
—

 
Net income (loss) attributable to common stock - diluted
$
(259,613
)
 
 
$
625,322

 
$
(188,784
)
 
Weighted average shares (denominator):
 
 
 
 
 
 
 
Weighted average shares - basic
19,997

 
 
5,634

 
5,571

 
Dilutive effect of stock options
—

 
 
—

 
—

 
Dilutive effect of warrants
—

 
 
—

 
—

 
Dilutive effect of restricted stock units
—

 
 
—

 
—

 
Dilutive effect of convertible notes
—

 
 
—

 
—

 
Weighted average shares - diluted
19,997

 
 
5,634

 
5,571

 
Basic income (loss) per share
$
(12.98
)
 
 
$
110.99

 
$
(33.89
)
 
Diluted income (loss) per share
$
(12.98
)
 
 
$
110.99

 
$
(33.89
)