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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Policies [Abstract] |
Summaries of Net Properties and Equipment | The following are summaries of net properties and equipment:
|  |  |  | December 31, |  |  |  |  | December 31, |
(In thousands) |  |  |  | 2019 |  |  |  |  | 2018 |
Properties and equipment: |  |  |  |  |  |  |  |  |  |  |  |
Vessels and related equipment |  |  |  | $ | 1,051,558 |  |  |  |  | $ | 1,144,028 |
Other properties and equipment |  |  |  |  | 13,119 |  |  |  |  |  | 7,455 |
|  |  |  |  | 1,064,677 |  |  |  |  |  | 1,151,483 |
Less accumulated depreciation and amortization |  |  |  |  | 125,716 |  |  |  |  |  | 61,626 |
Net properties and equipment |  |  |  | $ | 938,961 |  |  |  |  | $ | 1,089,857 |
Components of Basic and Diluted Earnings Per Share | The components of basic and diluted earnings per share, are as follows:
|  | Successor |  |  |  | Predecessor |
|  |  |  |  |  |  |  |  |  | Period from |  |  |  | Period from |
|  | Year |  |  | Year |  |  | August 1, 2017 |  |  |  | April 1, 2017 |
|  | Ended |  |  | Ended |  |  | through |  |  |  | through |
(In thousands, except share and per share data) |  | December 31, 2019 |  |  | December 31, 2018 |  |  | December 31, 2017 |  |  |  | July 31, 2017 |
Net loss available to common shareholders |  | $ | (141,743 | ) |  | $ | (171,517 | ) |  |  | (39,266 | ) |  |  |  | (1,646,909 | )
Weighted average outstanding shares of common stock, basic (A) |  |  | 38,204,934 |  |  |  | 26,589,883 |  |  |  | 21,539,143 |  |  |  |  | 47,121,330 |
Dilutive effect of options, warrants and restricted stock awards and units |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  | — |
Weighted average common stock and equivalents |  |  | 38,204,934 |  |  |  | 26,589,883 |  |  |  | 21,539,143 |  |  |  |  | 47,121,330 |
Loss per share, basic |  | $ | (3.71 | ) |  | $ | (6.45 | ) |  |  | (1.82 | ) |  |  |  | (34.95 | )
Loss per share, diluted |  | $ | (3.71 | ) |  | $ | (6.45 | ) |  |  | (1.82 | ) |  |  |  | (34.95 | )
Additional information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Incremental "in-the-money" options, warrants, and restricted stock awards and units outstanding at the end of the period (B) |  |  | 2,483,956 |  |  |  | 5,282,574 |  |  |  | 7,869,553 |  |  |  |  | — |
| (A) | Basic weighted average shares outstanding included 924,125 shares issuable upon the exercise of New Creditor Warrants held by U.S. citizens at December 31, 2017 (Successor).
| (B) | For both years ended December 31, 2019 and 2018 and the period from August 1, 2017 through December 31, 2017, we also had 5,923,399, 5,923,399 and 5,062,089, respectively, shares of “out-of- the-money” warrants outstanding at the end of both periods.

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