XML 39 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

(14)

EARNINGS PER SHARE

The components of basic and diluted earnings per share, are as follows:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

 

 

 

 

Twelve Months

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

Twelve Months

 

 

 

Ended

 

 

through

 

 

 

through

 

 

Ended

 

(In thousands, except share and per share data)

 

December 31, 2018

 

 

December 31, 2017

 

 

 

July 31, 2017

 

 

March 31, 2017

 

Net loss available to common shareholders

 

$

(171,517

)

 

 

(39,266

)

 

 

 

(1,646,909

)

 

 

(660,118

)

Weighted average outstanding shares of common

   stock, basic (A)

 

 

26,589,883

 

 

 

21,539,143

 

 

 

 

47,121,330

 

 

 

47,071,066

 

Dilutive effect of options, warrants and restricted stock

  awards and  units

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock and equivalents

 

 

26,589,883

 

 

 

21,539,143

 

 

 

 

47,121,330

 

 

 

47,071,066

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share, basic (B)

 

$

(6.45

)

 

 

(1.82

)

 

 

 

(34.95

)

 

 

(14.02

)

Loss per share, diluted (C)

 

$

(6.45

)

 

 

(1.82

)

 

 

 

(34.95

)

 

 

(14.02

)

Additional information:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incremental "in-the-money" options, warrants, and

   restricted stock awards and units outstanding at the

   end of the period (D)

 

 

5,282,574

 

 

 

7,869,553

 

 

 

 

 

 

 

1,233

 

 

 

(A)

Basic weighted average shares outstanding included 2,547 and 924,125 shares issuable upon the exercise of New Creditor Warrants held by U.S. citizens at December 31, 2018 (Successor) and December 31, 2017 (Successor).

 

(B)

We calculate “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding share of common stock, basic”.

 

(C)

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

 

(D)

For the twelve months ended December 31, 2018 and period from August 1, 2017 through December 31, 2017, we also had 5,923,399 and 5,062,089 shares of “out-of- the-money” warrants outstanding at the end of the periods, respectively.