EARNINGS PER SHARE

6 Months Ended

12 Months Ended

Jun. 30, 2018

Dec. 31, 2017

(8) 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
(In thousands, except share and per share data)	Quarter Ended June 30, 2018			Quarter Ended June 30, 2017			Six Months Ended June 30, 2018			Six Months Ended June 30, 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.

(12) EARNINGS PER SHARE

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


	Successor			Predecessor
(In thousands, except share and per share data)	Period from August 1, 2017 through December 31, 2017			Period from April 1, 2017 through July 31, 2017			Year Ended March 31, 2017
Net loss available to common shareholders	$	(39,266	)		(1,646,909	)		(660,118	)
Weighted average outstanding shares of common stock, basic (A)		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		21,539,143			47,121,330			47,071,066
Loss per share, basic (B)	$	(1.82	)		(34.95	)		(14.02	)
Loss per share, diluted (C)	$	(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)		7,869,553			—			1,233

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

(B)	The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding share 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 period from August 1, 2017 through December 31, 2017, the company also had 5,062,089 shares of “out-of- the-money” warrants outstanding at the end of the period.