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TRANSITION PERIOD COMPARATIVE DATA
12 Months Ended
Dec. 31, 2018
Income Statement [Abstract]  
TRANSITION PERIOD COMPARATIVE DATA

(21)

TRANSITION PERIOD DATA

 

The following table presents certain financial information for the nine-month periods ended December 31, 2017 and 2016, respectively:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

Nine month

 

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

period ended

 

 

 

through

 

 

 

through

 

 

December 31, 2016

 

(In thousands, except share and per share data)

 

December 31, 2017

 

 

 

July 31, 2017

 

 

(unaudited)

 

Revenues

 

$

178,753

 

 

 

 

151,369

 

 

 

440,862

 

Operating loss

 

 

(23,873

)

 

 

 

(244,048

)

 

 

(508,513

)

Loss before income taxes

 

 

(36,687

)

 

 

 

(1,648,143

)

 

 

(558,359

)

Income tax (benefit) expense

 

 

2,039

 

 

 

 

(1,234

)

 

 

4,680

 

Net loss attributable to Tidewater Inc.

 

 

(39,266

)

 

 

 

(1,646,909

)

 

 

(565,263

)

Basic loss per common share

 

 

(1.82

)

 

 

 

(34.95

)

 

 

(12.01

)

Diluted loss per common share

 

 

(1.82

)

 

 

 

(34.95

)

 

 

(12.01

)

Weighted average common shares outstanding

 

 

21,539,143

 

 

 

 

47,121,330

 

 

 

47,067,887

 

Dilutive effect of stock options and restricted stock

 

 

 

 

 

 

 

 

 

 

Adjusted average common shares outstanding

 

 

21,539,143

 

 

 

 

47,121,330

 

 

 

47,067,887