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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share



	Berry Corp. (Successor)													Berry LLC (Predecessor)
	Year Ended December 31, 2019				Year Ended December 31, 2018				Ten Months Ended December 31, 2017					Two Months Ended February 28, 2017
	(in thousands except per share amounts)
Basic EPS calculation
Net income (loss)	$	43,539			$	147,102			$	(21,068	)			n/a
less: Series A Preferred Stock dividends and conversion to common stock	—				(97,942		)		(18,248		)			n/a
Net income (loss) attributable to common stockholders	$	43,539			$	49,160			$	(39,316	)			n/a
Weighted-average shares of common stock outstanding⁽¹⁾	81,379				57,743				38,644					n/a
Basic earnings (loss) per share⁽²⁾	$	0.54			$	0.85			$	(1.02	)			n/a
Diluted EPS calculation
Net income (loss)	$	43,539			$	147,102			$	(21,068	)			n/a
less: Series A Preferred Stock dividends and conversion to common stock	—				(97,942		)		(18,248		)			n/a
Net income (loss) attributable to common stockholders	$	43,539			$	49,160			$	(39,316	)			n/a
Weighted-average shares of common stock outstanding⁽¹⁾	81,379				57,743				38,644					n/a
Dilutive effect of potentially dilutive securities⁽³⁾	572				189				—					n/a
Weighted-average common shares outstanding - diluted	81,951				57,932				38,644					n/a
Diluted earnings (loss) per share⁽²⁾	$	0.53			$	0.85			$	(1.02	)			n/a

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(1)	For the year ended December 31, 2018, we retrospectively adjusted the weighted average shares in our earnings per share calculations for the 2,770,000 shares issued instead of 7,080,000 shares that had been reserved for the year ended December 31, 2018 and the ten months ended December 31, 2017.


(2)	Per share amounts are stated net of tax.


(3)	No potentially dilutive securities were included in computing earnings (loss) per share for the ten months ended December 31, 2017 because the effect of inclusion would have been anti-dilutive.