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Earnings (Loss) per Share | 3 Months Ended
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Mar. 31, 2017
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | Earnings (Loss) per Share A discussed in Note 8, on the Emergence Date, the Predecessor Company’s then-authorized common stock was canceled and the new Common Stock and Warrants were issued. The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted income (loss) per share:
| Net Income (Loss) |  | Weighted Average Shares |  | Earnings (Loss) Per Share
| (In thousands, except per share amounts)
Three Months Ended March 31, 2017 (Successor) |  |  |  |  |
Basic earnings per share | $ | 50,808 |  |  | 26,801 |  |  | $ | 1.90 |
Effect of dilutive securities |  |  |  |  |
Restricted stock awards(1) | — |  |  | — |  |  |
Performance share units(1) | — |  |  | — |  |  |
Diluted earnings per share | $ | 50,808 |  |  | 26,801 |  |  | $ | 1.90 |
Three Months Ended March 31, 2016 (Predecessor) |  |  |  |  |
Basic loss per share | $ | (324,107 | ) |  | 689,784 |  |  | $ | (0.47 | )
Effect of dilutive securities |  |  |  |  |
Restricted stock and units(2) | — |  |  | — |  |  |
Convertible preferred stock(3) | — |  |  | — |  |  |
Convertible senior unsecured notes(4) | — |  |  | — |  |  |
Diluted loss per share | $ | (324,107 | ) |  | 689,784 |  |  | $ | (0.47 | )
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(1) | No incremental shares of potentially dilutive restricted stock awards or performance share units were included for the three-month period ended March 31, 2017 as their effect was antidilutive under the treasury stock method.
(2) | No incremental shares of potentially dilutive restricted stock awards or units were included for the three-month period ended March 31, 2016 as their effect was antidilutive under the treasury stock method.
(3) | Potential common shares related to the Predecessor Company’s outstanding 8.5% and 7.0% convertible perpetual preferred stock covering 67.6 million shares for the three-month period ended March 31, 2016, were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.
(4) | Potential common shares related to the Predecessor Company’s outstanding 8.125% and 7.5% Convertible Senior Unsecured Notes covering 38.5 million and 19.8 million shares for the three-month period ended March 31, 2016, respectively, were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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