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EARNINGS (LOSS) PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Schedule of earnings (loss) per share | Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the tables below (in thousands):
| Successor |  |  | Predecessor
| Year Ended December 31, 2022 |  | Period from May 18, 2021 through December 31, 2021 |  |  | Period from January 1, 2021 through May 17, 2021 |  | Year Ended December 31, 2020
Net income (loss) | $ | 494,701 |  |  | $ | (112,829) |  |  |  | $ | 250,994 |  |  | $ | (1,625,133) |
Dividends on Preferred Stock | (5,444) |  |  | (4,573) |  |  |  | — |  |  | — |
Participating securities - Preferred Stock(1) | (76,401) |  |  | — |  |  |  | — |  |  | — |
Net income (loss) attributable to common stockholders | $ | 412,856 |  |  | $ | (117,402) |  |  |  | $ | 250,994 |  |  | $ | (1,625,133) |
Re-allocation of participating securities | 512 |  |  | — |  |  |  | — |  |  | — |
Diluted net income (loss) attributable to common stockholders | $ | 413,368 |  |  | $ | (117,402) |  |  |  | $ | 250,994 |  |  | $ | (1,625,133) |
Basic Shares | 20,185 |  |  | 20,545 |  |  |  | 160,834 |  |  | 160,231 |
Dilutive Shares | 20,347 |  |  | 20,545 |  |  |  | 160,834 |  |  | 160,231 |
Basic EPS | $ | 20.45 |  |  | $ | (5.71) |  |  |  | $ | 1.56 |  |  | $ | (10.14) |
Dilutive EPS | $ | 20.32 |  |  | $ | (5.71) |  |  |  | $ | 1.56 |  |  | $ | (10.14) |
_____________________ (1) Preferred Stock represents participating securities because they participate in any dividends on shares of Common Stock on a pari passu, pro rata basis. However, 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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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