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Net (loss) Income Per Common Share
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Net (loss) Income Per Common Share

Note 14: Net (loss) Income Per Common Share

Basic and diluted net (loss) income per share attributable to common shareholders is computed by dividing net (loss) income, excluding net (loss) income allocated to participating securities, by the weighted average number of shares outstanding less the weighted average of unvested restricted shares outstanding.

There were no dilutive effects from any equity instruments for any of the periods presented, therefore diluted net (loss) income per share was the same as basic net (loss) income for all periods presented. There were no participating shares for any period prior to the issuance of restricted shares on October 18, 2012 as described in Note 11: Capital Stock.

The following table sets forth the computation of basic and diluted net (loss) income per share:

 

     (in thousands, except per share data)              
     Successor     Successor            Predecessor  
     Three months
ended March 31,
2013
    Period from
March 20, 2012
to March 31, 2012
           Period from
January 1, 2012 to
March 19, 2012
 

Numerator for basic and diluted net (loss) income per share:

            

Net (loss) income

   $ (3,816   $ 472            $ (3,433

Less: Net (loss) income allocated to participating securities

     (21     —                —     
  

 

 

   

 

 

         

 

 

 

Net (loss) income attributable to common shareholders

   $ (3,795   $ 472            $ (3,433
  

 

 

   

 

 

         

 

 

 

Denominator for basic and diluted net (loss) income per share:

            

Weighted average share outstanding

         201,156,078        200,000,000              1,000   

Weighted average unvested restricted shares outstanding

     (1,100,414     —                —     
  

 

 

   

 

 

         

 

 

 

Denominator for basic and diluted net (loss) income per share:

     200,055,664            200,000,000              1,000   
  

 

 

   

 

 

         

 

 

 

Basic and diluted net (loss) income per share attributable to common shareholders

   $ (0.02   $ 0.00            $     (3,433.00