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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | Reconciliations of the components of basic and diluted net (loss) income per common share are presented in the tables below:
| Successor | Predecessor
| Three Months Ended September 30, 2021 |  |  | Three Months Ended September 30, 2020
Net loss | $ | (461,313) |  |  |  | $ | (380,963) |
Dividends on New Preferred Stock | (2,095) |  |  |  | — |
Participating securities - New Preferred Stock(1) | — |  |  |  | — |
Net loss attributable to common stockholders | $ | (463,408) |  |  |  | $ | (380,963) |
Basic Shares | 20,598 |  |  |  | 160,683 |
Basic and Dilutive EPS | $ | (22.50) |  |  |  | $ | (2.37) |
| Successor | Predecessor
| Period from May 18, 2021 through September 30, 2021 |  |  | Period from January 1, 2021 through May 17, 2021 |  | Nine Months Ended September 30, 2020
Net (loss) income attributable to Gulfport | $ | (670,898) |  |  |  | $ | 250,996 |  |  | $ | (1,459,569) |
Dividends on New Preferred Stock | (3,126) |  |  |  | — |  |  | — |
Participating securities - New Preferred Stock(1) | — |  |  |  | — |  |  | — |
Net (loss) income attributable to common stockholders | $ | (674,024) |  |  |  | $ | 250,996 |  |  | $ | (1,459,569) |
Basic Shares | 20,507 |  |  |  | 160,834 |  |  | 160,053 |
Basic and Dilutive EPS | $ | (32.87) |  |  |  | $ | 1.56 |  |  | $ | (9.12) |
(1) | New Preferred Stock represents participating securities because they participate in any dividends on shares of common stock on a pari passu, pro rata basis. However, New Preferred Stock does not participate in undistributed net losses.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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