EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2018

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


	Successor						Predecessor
					Period from		Period from
					September 10, 2016		January 1, 2016
	Years Ended December 31,				through		through
	2018		2017		December 31, 2016		September 9, 2016
Basic:
Net income (loss) available to common stockholders	$	45,959	$	487,679	$	(479,984)	$	(32,794)
Weighted average basic number of common shares outstanding		157,011		132,763		91,228		120,513
Basic net income (loss) per common share	$	0.29	$	3.67	$	(5.26)	$	(0.27)

Diluted:
Net income (loss) available to common stockholders	$	45,959	$	487,679	$	(479,984)	$	(32,794)
Weighted average basic number of common shares outstanding		157,011		132,763		91,228		120,513
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
Exercise of warrants		Anti-dilutive		Anti-dilutive		Anti-dilutive		—
Vesting of restricted shares		284		813		Anti-dilutive		Anti-dilutive
Vesting of performance units		—		—		—		—
Conversion of preferred stock		—		Anti-dilutive		—		—
Conversion of Convertible Note		—		—		—		Anti-dilutive
Conversion of Series A Preferred Stock		—		—		—		Anti-dilutive
Weighted average diluted number of common shares outstanding		157,295		133,576		91,228		120,513
Diluted net income (loss) per common share	$	0.29	$	3.65	$	(5.26)	$	(0.27)