XML 63 R42.htm IDEA: XBRL DOCUMENT
v3.24.0.1

EARNINGS (LOSS) PER SHARE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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 table below (in thousands):
| Successor |  |  | Predecessor
| Year Ended December 31, 2023 |  | Year Ended December 31, 2022 |  | Period from May 18, 2021 through December 31, 2021 |  |  | Period from January 1, 2021 through May 17, 2021
Net income (loss) | $ | 1,470,916 |  |  | $ | 494,701 |  |  | $ | (112,829) |  |  |  | $ | 250,994 |
Dividends on Preferred Stock | (4,840) |  |  | (5,444) |  |  | (4,573) |  |  |  | — |
Participating securities - Preferred Stock(1) | (212,360) |  |  | (76,401) |  |  | — |  |  |  | — |
Net income (loss) attributable to common stockholders | $ | 1,253,716 |  |  | $ | 412,856 |  |  | $ | (117,402) |  |  |  | $ | 250,994 |
Re-allocation of participating securities | 2,475 |  |  | 512 |  |  | — |  |  |  | — |
Diluted net income (loss) attributable to common stockholders | $ | 1,256,191 |  |  | $ | 413,368 |  |  | $ | (117,402) |  |  |  | $ | 250,994 |
Basic Shares | 18,645 |  |  | 20,185 |  |  | 20,545 |  |  |  | 160,834 |
Dilutive Shares | 18,902 |  |  | 20,347 |  |  | 20,545 |  |  |  | 160,834 |
Basic EPS | $ | 67.24 |  |  | $ | 20.45 |  |  | $ | (5.71) |  |  |  | $ | 1.56 |
Dilutive EPS | $ | 66.46 |  |  | $ | 20.32 |  |  | $ | (5.71) |  |  |  | $ | 1.56 |
_____________________ (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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration