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EARNINGS PER SHARE
 9 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

(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.