Earnings (loss) per common share

3 Months Ended

Mar. 31, 2017

Earnings (loss) per Common Share

The Company computes basic net income per share using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities may consist of warrants, restricted stock units or other contingently issuable shares. The dilutive effect of outstanding warrants, restricted stock units and other contingently issuable shares is reflected in diluted earnings per share by application of the treasury stock method.

The following table provides the basis for basic and diluted earnings (loss) per share by reconciling the numerators and denominators of the computations:



	Successor	Predecessor
	March 31, 2017	March 31, 2016
(In Thousands)
Weighted average shares outstanding:
Basic weighted average shares outstanding	25,008	21,293
Effect of dilutive securities	400	—

Diluted weighted average shares outstanding	25,408	21,293