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Earnings per Share (EPS) (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings allocation method utilized in the calculation of basic and diluted EPS
The following illustrates the earnings allocation method utilized in the calculation of basic and diluted EPS.
 
 
Successor
Predecessor
 
Successor
Predecessor
 
 
April 2 through June 30, 2017
April 1, 2017
 
Three Months Ended June 30, 2016
 
April 2 through June 30, 2017
January 1 through April 1, 2017
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
(In millions, except per share data)
EPS numerator:
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income taxes
 
$
101.4

$
(319.8
)
 
$
(223.2
)
 
$
101.4

$
(195.5
)
 
$
(390.9
)
Less: Series A Convertible Preferred Stock dividends
 
115.1

—

 
—

 
115.1

—

 
—

Less: Net income attributable to noncontrolling interests
 
3.8

—

 
1.7

 
3.8

4.8

 
1.7

Loss from continuing operations attributable to common stockholders, after allocation of earnings to participating securities
 
(17.5
)
(319.8
)
 
(224.9
)
 
(17.5
)
(200.3
)
 
(392.6
)
Loss from discontinued operations attributable to common stockholders, after allocation of earnings to participating securities
 
(2.7
)
(12.1
)
 
(3.0
)
 
(2.7
)
(16.2
)
 
(6.4
)
Net loss attributable to common stockholders, after allocation of earnings to participating securities
 
$
(20.2
)
$
(331.9
)
 
$
(227.9
)
 
$
(20.2
)
$
(216.5
)
 
$
(399.0
)
 
 
 
 
 
 
 
 
 
 
 
EPS denominator:
 
 
 
 
 
 
 
 
 
 
Weighted average shares
   outstanding — basic and diluted
 
96.8

18.3

 
18.3

 
96.8

18.3

 
18.3

 
 
 
 
 
 
 
 
 
 
 
Basic and diluted EPS attributable to common stockholders:
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(0.18
)
$
(17.44
)
 
$
(12.30
)
 
$
(0.18
)
$
(10.93
)
 
$
(21.47
)
Loss from discontinued operations
 
(0.03
)
(0.66
)
 
(0.16
)
 
(0.03
)
(0.88
)
 
(0.35
)
Net loss attributable to common stockholders
 
$
(0.21
)
$
(18.10
)
 
$
(12.46
)
 
$
(0.21
)
$
(11.81
)
 
$
(21.82
)