EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2020

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


	Successor		Predecessor		Successor		Predecessor
	Three Months		Three Months		Six Months		Six Months
	Ended		Ended		Ended		Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Basic:
Net income (loss)	$	(127,316)	$	(640,844)	$	(12,825)	$	(977,403)
Weighted average basic number of common shares outstanding		16,204		159,050		16,204		158,801
Basic net income (loss) per share of common stock	$	(7.86)	$	(4.03)	$	(0.79)	$	(6.15)
Diluted:
Net income (loss)		(127,316)		(640,844)		(12,825)		(977,403)

Weighted average basic number of common shares outstanding		16,204		159,050		16,204		158,801
Common stock equivalent shares representing shares issuable upon:
Exercise of Predecessor stock options		—		Anti-dilutive		—		Anti-dilutive
Exercise of Predecessor warrants		—		Anti-dilutive		—		Anti-dilutive
Vesting of Predecessor restricted shares		—		Anti-dilutive		—		Anti-dilutive
Exercise of Successor Series A Warrants		Anti-dilutive		—		Anti-dilutive		—
Exercise of Successor Series B Warrants		Anti-dilutive		—		Anti-dilutive		—
Exercise of Successor Series C Warrants		Anti-dilutive		—		Anti-dilutive		—
Exercise of Successor stock options		Anti-dilutive		—		Anti-dilutive		—
Vesting of Successor restricted stock units		Anti-dilutive		—		Anti-dilutive		—
Weighted average diluted number of common shares outstanding		16,204		159,050		16,204		158,801
Diluted net income (loss) per share of common stock	$	(7.86)	$	(4.03)	$	(0.79)	$	(6.15)