EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Basic:
Net income (loss)	$	(153,125)	$	(63,284)	$	(165,950)	$	(1,040,687)
Weighted average basic number of common shares outstanding		16,204		159,143		16,204		158,916
Basic net income (loss) per share of common stock	$	(9.45)	$	(0.40)	$	(10.24)	$	(6.55)
Diluted:
Net income (loss)		(153,125)		(63,284)		(165,950)		(1,040,687)

Weighted average basic number of common shares outstanding		16,204		159,143		16,204		158,916
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		159,143		16,204		158,916
Diluted net income (loss) per share of common stock	$	(9.45)	$	(0.40)	$	(10.24)	$	(6.55)