(8)	LOSS PER SHARE

The components of basic and diluted loss per share for the quarters ended March 31, are as follows:

	Successor			Predecessor
	Quarter Ended			Quarter Ended
	March 31,			March 31,
(In thousands, except share and per share data)	2018			2017
Net loss available to common shareholders	$	(39,172	)		(94,855	)
Weighted average outstanding shares of common stock, basic (A)		23,424,943			47,080,783
Dilutive effect of options, warrants and restricted stock awards and units		—			—
Weighted average shares of common stock and equivalents		23,424,943			47,080,783

Loss per share, basic (A)	$	(1.67	)		(2.01	)
Loss per share, diluted (B)	$	(1.67	)		(2.01	)
Additional information:
Incremental "in-the-money" options, warrants and restricted stock awards and units at the end of the period (D)		6,255,686			1,233

(A)

Basic weighted average shares outstanding includes 108,044 shares issuable upon the exercise of New Creditor Warrants held by U.S. citizens at March 31, 2018 (Successor). Common shares and new creditor warrants and the sum of common shares and New Creditor Warrants outstanding at March 31, 2018 were 23,988,075, 6,021,696 and 30,009,771, 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 three months ended March 31, 2018, the company also had 5,062,089 shares of “out-of- the-money” warrants outstanding at the end of the period.