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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2022
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 (in thousands):
Successor
Three Months Ended September 30, 2022Three Months Ended September 30, 2021
Net loss$(18,472)$(461,313)
Dividends on preferred stock(1,309)(2,095)
Net loss attributable to common stockholders$(19,781)$(463,408)
Basic Shares19,635 20,598 
Basic and Dilutive EPS$(1.01)$(22.50)

SuccessorPredecessor
Nine Months Ended September 30, 2022Period from May 18, 2021 through September 30, 2021Period from January 1, 2021 through May 17, 2021
Net (loss) income$(253,867)$(670,899)$250,994 
Dividends on preferred stock(4,136)(3,126)— 
Net (loss) income attributable to common stockholders$(258,003)$(674,025)$250,994 
Basic Shares20,514 20,507 160,834 
Basic and Dilutive EPS$(12.58)$(32.87)$1.56