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Net Income Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Net Income Per Share
 
Successor
 
 
Predecessor
(In millions, except per share amounts)
Three Months Ended December 31, 2014
 
 
Nine Months Ended September 30, 2014
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
Numerators:
 
 
 
 
 
 
Income (loss) from continuing operations
$
(42.3
)
 
 
$
340.1

 
$
(183.6
)
Income from discontinued operations

 
 

 
24.7

Net income (loss)
$
(42.3
)
 
 
$
340.1

 
$
(158.9
)
Interest expense on convertible notes (a)

 
 
9.0

 

Net income (loss) if converted - diluted
$
(42.3
)
 
 
$
349.1

 
$
(158.9
)
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average common shares
9.0

 
 
5.0

 
5.0

Less: Weighted average unvested restricted stock

 
 
0.1

 
0.1

Denominator for basic calculation
9.0

 
 
4.9

 
4.9

 
 
 
 
 
 
 
Weighted average effect of dilutive securities:
 
 
 
 
 
 
Stock compensation awards (d)

 
 

 

Convertible notes

 
 
1.8

 
1.8

Convertible preferred stock:
 
 
 
 

 
 

Equivalent common shares (b)

 
 
27.2

 
10.3

Less: share issuance limitation (c)

 
 
26.3

 
9.4

Net allowable common shares

 
 
0.9

 
0.9

Subtotal

 
 
2.7

 
2.7

Less: shares excluded in a period of a net loss or antidilution 

 
 

 
2.7

Weighted average effect of dilutive securities

 
 
2.7

 

Denominator for diluted calculation
9.0

 
 
7.6

 
4.9

 
 
 
 
 
 
 
Basic income (loss) per share:
 
 
 
 
 
 
Income (loss) from continuing operations
$
(4.70
)
 
 
$
69.41

 
$
(37.47
)
Income from discontinued operations
$

 
 
$

 
$
5.04

Net income (loss)
$
(4.70
)
 
 
$
69.41

 
$
(32.43
)
Diluted income (loss) per share:
 
 
 
 
 
 
Income (loss) from continuing operations
$
(4.70
)
 
 
$
45.93

 
$
(37.47
)
Income from discontinued operations
$

 
 
$

 
$
5.04

Net income (loss)
$
(4.70
)
 
 
$
45.93

 
$
(32.43
)
Schedule of Securities Excluded from Net Income Per Share
 
Successor
 
 
Predecessor
 
Three Months Ended December 31, 2014
 
 
Nine Months Ended September 30, 2014
 
 
Year Ended December 31, 2013
 
Options excluded from diluted net income per share

 
 
200

 
 
1,000

 
Warrants excluded from diluted net income per share
N/A

 
 
250,000

 
 
250,000

 
Exercise price of excluded options
$

 
 
$
283.25

to
 
$
177.50

to
 
 
 
 
$
357.00

 
 
$
357.00

 
Exercise price of excluded warrants
N/A

 
 
$
187.50

 
 
$
187.50