XML 42 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings Per Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
A computation of the weighted average shares outstanding for the years ended December 31, 2015 and 2014 and the Successor 2013 Period follows. No such computation is necessary for the Predecessor 2013 Period. 
 
 
Year Ended December 31,
 (amounts in millions, except per share amounts)
 
2015
 
2014
 
2013
Net loss attributable to common stockholders
 
$
(308.6
)
 
$
(262.6
)
 
$
(194.2
)
 
 
 
 
 
 
 
Basic weighted average common stock outstanding
 
203.2

 
135.3

 
92.6

Convertible and performance-based stock (1)
 
—

 
—

 
—

Dilutive weighted average common stock outstanding
 
203.2

 
135.3

 
92.6

Loss per share attributable to common stockholders:
 
 

 
 

 
 

Basic
 
$
(1.52
)
 
$
(1.94
)
 
$
(2.10
)
Diluted
 
$
(1.52
)
 
$
(1.94
)
 
$
(2.10
)
(1) For the years ended December 31, 2015, and 2014, and the Successor 2013 Period, no share adjustments were included in the dilutive weighted average shares outstanding computation as their effect would have been anti-dilutive. For more information about such dilutive shares outstanding, refer to the table below.
For the years ended December 31, 2015 and 2014, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or because performance targets and/or market conditions were not yet met for awards contingent upon such measures.
 
 
Year Ended December 31,
 (amounts in thousands)
 
2015
 
2014
 
2013
Number of shares contingently issuable to Founder Entities as stock dividend to Series A Preferred Stock
 
1,239

 
10,453

 
—

Number of shares issuable upon conversion of warrants
 
—

 
—

 
16,248

Number of shares issuable upon conversion of PDH Common Stock
 
8,318

 
8,641

 
—

Number of shares issuable upon conversion of Series A Preferred Stock
 
2,000

 
2,000

 
—

Number of shares issuable upon conversion of Series B Convertible Preferred Stock
 
19,443

 
—

 
—

Number of shares contingently issuable for the contingent consideration
 
4,640

 
1,503

 
—

Number of shares issuable upon conversion of the 401k exchange rights
 
—

 
270

 
—

Number of stock options
 
55

 
89

 
—

Number of restricted stock shares and units
 
74

 
70

 
—

Number of shares issuable under the employee stock purchase plan
 
1

 
—

 
—

 
 
35,770

 
23,026

 
16,248