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Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Net Income Per Share
 
Successor
 
 
Predecessor
(in millions, except per share amounts)
Three Months
Ended
March 31, 2015
 
 
Three Months
Ended
March 31, 2014
 
 
 
 
 
Numerators for basic and diluted calculations (a):
 
 
 
 
Net (loss)
$
(15.4
)
 
 
$
(50.8
)
 
 
 
 
 
Denominator:
 
 
 
 
Weighted average common shares
9.0

 
 
5.0

Less: Weighted average unvested restricted stock

 
 
0.1

Denominator for basic calculation
9.0

 
 
4.9

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

 
 

Convertible notes

 
 
1.8

Convertible preferred stock:
 
 
 
 

Equivalent common shares

 
 
17.1

Less: share issuance limitation (c)

 
 
16.2

Net allowable common shares

 
 
0.9

Subtotal

 
 
2.7

Less: shares excluded in a period of a net loss

 
 
2.7

Weighted average effect of dilutive securities

 
 

Denominator for diluted calculation
9.0

 
 
4.9

 
 
 
 
 
Net (loss) per share - basic and diluted
$
(1.71
)
 
 
$
(10.37
)
Schedule of Securities Excluded from Net Income Per Share
 
Successor
 
 
Predecessor
 
 
Three Months
Ended
March 31, 2015
 
 
Three Months
Ended
March 31, 2014
 
Options excluded from diluted net income per share
85,000

 
 
1,000

 
Warrants excluded from diluted net income per share
N/A

 
 
250,000

 
Exercise price of excluded options
$
5.62

 
 
$
177.50

to
 
 
 
 
$
357.00

 
Exercise price of excluded warrants
N/A

 
 
$
187.50