LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Components of Basic and Diluted Loss Per Share

The components of basic and diluted loss per share for the quarters and six month periods ended June 30, 2018 and 2017 are as follows:

	Successor			Predecessor			Successor			Predecessor
	Quarter Ended			Quarter Ended			Six Months Ended			Six Months Ended
	June 30,			June 30,			June 30,			June 30,
(In thousands, except share and per share data)	2018			2017			2018			2017
Net loss available to common shareholders	$	(10,940	)		(524,434	)		(50,112	)		(619,289	)
Weighted average outstanding shares of common stock, basic (A)		24,654,220			47,121,304			23,989,254			47,101,155
Dilutive effect of options, warrants and restricted stock awards and units		—			—			—			—
Weighted average shares of common stock and equivalents		24,654,220			47,121,304			23,989,254			47,101,155

Loss per share, basic (B)	$	(0.44	)		(11.13	)		(2.09	)		(13.15	)
Loss per share, diluted (C)	$	(0.44	)		(11.13	)		(2.09	)		(13.15	)
Additional information:
Incremental "in-the-money" options, warrants and restricted stock awards and units at the end of the period (D)		4,521,727			183			5,454,218			183

(A)

Common shares and new creditor warrants and the sum of common shares and New Creditor Warrants outstanding at June 30, 2018, were 26,085,274, 3,924,441 and 30,009,715, respectively.

(B)

The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding shares of common stock, basic”.

(C)

The company calculates “Loss per share, diluted” by dividing “Net loss available to common shareholders” by “Weighted average common stock and equivalents”.

(D)

For the six months ended June 30, 2018, the company also had 5,062,089 shares of “out-of- the-money” warrants outstanding at the end of the period.