XML 114 R20.htm IDEA: XBRL DOCUMENT
v3.20.1

EARNINGS PER SHARE | 12 Months Ended
--- | ---
Dec. 31, 2019
EARNINGS PER SHARE |
EARNINGS PER SHARE | 15. EARNINGS PER SHARE On October 8, 2019, upon emergence from chapter 11 bankruptcy, the Predecessor Company’s equity was cancelled and new equity was issued. Refer to Note 2, “Reorganization,” for further details. The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):
|  | Successor |  |  | Predecessor
|  | Period from |  |  | Period from |  |  |  |  |  |
|  | October 2, 2019 |  |  | January 1, 2019 |  |  |  |  |  |
|  | through |  |  | through |  | Years Ended December 31,
|  | December 31, 2019 |  |  | October 1, 2019 |  | 2018 |  | 2017
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders |  | $ | (10,460) |  |  | $ | (1,156,053) |  | $ | 45,959 |  | $ | 487,679
Weighted average basic number of common shares outstanding |  |  | 16,204 |  |  |  | 158,925 |  |  | 157,011 |  |  | 132,763
Basic net income (loss) per common share |  | $ | (0.65) |  |  | $ | (7.27) |  | $ | 0.29 |  | $ | 3.67
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) available to common stockholders |  | $ | (10,460) |  |  | $ | (1,156,053) |  | $ | 45,959 |  | $ | 487,679
Weighted average basic number of common shares outstanding |  |  | 16,204 |  |  |  | 158,925 |  |  | 157,011 |  |  | 132,763
Common stock equivalent shares representing shares issuable upon: |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise of Predecessor stock options |  |  | — |  |  |  | Anti-dilutive |  |  | Anti-dilutive |  |  | Anti-dilutive
Exercise of Predecessor warrants |  |  | — |  |  |  | Anti-dilutive |  |  | Anti-dilutive |  |  | Anti-dilutive
Conversion of Predecessor preferred stock |  |  | — |  |  |  | — |  |  | — |  |  | Anti-dilutive
Vesting of Predecessor restricted shares |  |  | — |  |  |  | Anti-dilutive |  |  | 284 |  |  | 813
Exercise of Successor Series A Warrants |  |  | Anti-dilutive |  |  |  | — |  |  | — |  |  | —
Exercise of Successor Series B Warrants |  |  | Anti-dilutive |  |  |  | — |  |  | — |  |  | —
Exercise of Successor Series C Warrants |  |  | Anti-dilutive |  |  |  | — |  |  | — |  |  | —
Weighted average diluted number of common shares outstanding |  |  | 16,204 |  |  |  | 158,925 |  |  | 157,295 |  |  | 133,576
Diluted net income (loss) per common share |  | $ | (0.65) |  |  | $ | (7.27) |  | $ | 0.29 |  | $ | 3.65
Common stock equivalents, including warrants, totaling 6.9 million shares for the period of October 2, 2019 through December 31, 2019 (Successor) were not included in the computation of diluted earnings per share of common stock because the effect would have been anti-dilutive due to the net loss. Common stock equivalents, including stock options, restricted shares and warrants totaling 14.1 million shares for the period of January 1, 2019 through October 1, 2019 (Predecessor) were not included in the computation of diluted earnings per share of common stock because the effect would have been anti-dilutive due to the net loss. Common stock equivalents, including stock options, restricted shares and warrants totaling 13.1 million shares for the year ended December 31, 2018 (Predecessor) were not included in the computation of diluted earnings per share of common stock because the effect would have been anti-dilutive. Common stock equivalents, including stock options, restricted shares, warrants, and preferred stock totaling 17.1 million shares for the year ended December 31, 2017 (Predecessor) were not included in the computation of diluted earnings per share of common stock because the effect would have been anti-dilutive. On February 20, 2020 the Successor Company granted under the 2020 Plan stock options and restricted stock units to purchase or receive an aggregate of 1.3 million shares of common stock.

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 The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration