EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2017

The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):

	Successor			Predecessor			Successor		Predecessor
	Three Months Ended June 30, 2017			Three Months Ended June 30, 2016			Six Months Ended June 30, 2017		Six Months Ended June 30, 2016
Basic:
Net income (loss) available to common stockholders	$	(27,029	)	$	(382,353	)	$	161,522	$	(949,215	)


Weighted average basic number of common shares outstanding		143,545			120,708			117,554		120,360

Basic net income (loss) per share of common stock	$	(0.19	)	$	(3.17	)	$	1.37	$	(7.89	)


Diluted:
Net income (loss) available to common stockholders	$	(27,029	)	$	(382,353	)	$	161,522	$	(949,215	)


Weighted average basic number of common shares outstanding		143,545			120,708			117,554		120,360
Common stock equivalent shares representing shares issuable upon:
Exercise of stock options		Anti-dilutive			Anti-dilutive			Anti-dilutive		Anti-dilutive
Exercise of February 2012 Warrants		—			Anti-dilutive			—		Anti-dilutive
Exercise of warrants		Anti-dilutive			—			Anti-dilutive		—
Vesting of restricted shares		Anti-dilutive			Anti-dilutive			655		Anti-dilutive
Vesting of performance units		—			—			—		—
Conversion of preferred stock		Anti-dilutive			—			Anti-dilutive		—
Conversion of Convertible Note		—			Anti-dilutive			—		Anti-dilutive
Conversion of Series A Preferred Stock		—			Anti-dilutive			—		Anti-dilutive

Weighted average diluted number of common shares outstanding		143,545			120,708			118,209		120,360

Diluted net income (loss) per share of common stock	$	(0.19	)	$	(3.17	)	$	1.37	$	(7.89	)