STOCKHOLDER'S EQUITY (DEFICIT) (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Schedule of Stock by Class

The following table presents the balances of the Predecessor Company's Class A, Class B, Class C and Class D Common Stock as of September 30, 2019 (Successor) and December 31, 2018 (Predecessor):

(In thousands, except share and per share data)	Successor Company	Predecessor Company
	September 30, 2019	December 31, 2018
	(Unaudited)
Predecessor Class A Common Stock, par value $.001 per share, authorized 400,000,000 shares, no shares issued in 2019 and 32,292,944 shares issued in 2018	—	32
Predecessor Class B Common Stock, par value $.001 per share, authorized 150,000,000 shares, no shares issued in 2019 and 555,556 shares issued in 2018	—	1
Predecessor Class C Common Stock, par value $.001 per share, authorized 100,000,000 shares, no shares issued in 2019 and 58,967,502 shares issued in 2018	—	59
Predecessor Class D Common Stock, par value $.001 per share, authorized 200,000,000 shares, no shares issued in 2019 and 2018	—	—

Successor Common Stock and Special Warrants

The following table presents the Successor Company's Class A Common Stock, Class B Common Stock and Special Warrants issued and outstanding as of September 30, 2019:

(In thousands, except share and per share data)	September 30, 2019
	(Unaudited)
Successor Class A Common Stock, par value $.001 per share,1,000,000,000 shares authorized	57,670,714
Successor Class B Common Stock, par value $.001 per share, 1,000,000,000 shares authorized	6,925,976
Successor Special Warrants	81,289,306
Total Successor Class A Common Stock, Class B Common Stock and Special Warrants issued and outstanding	145,885,996

Computation of Income (Loss) Per Share

(In thousands, except per share data)	Successor Company		Predecessor Company
	Three Months Ended September 30,		Three Months Ended September 30,
	2019		2018
NUMERATOR:
Net income attributable to the Company – common shares	$	12,374	$	70,078
Exclude:
Loss from discontinued operations, net of tax	$	—	$	(49,491	)
Noncontrolling interest from discontinued operations, net of tax - common shares	—		(1,705		)
Total loss from discontinued operations, net of tax - common shares	$	—	$	(51,196	)
Income from continuing operations	$	12,374	$	121,274
DENOMINATOR(1):
Weighted average common shares outstanding - basic	145,720		85,544
Stock options and restricted stock(2):	120		78
Weighted average common shares outstanding - diluted	145,840		85,622
Net income (loss) attributable to the Company per common share:
From continuing operations - Basic	$	0.08	$	1.42
From discontinued operations - Basic	$	—	$	(0.60	)
From continuing operations - Diluted	$	0.08	$	1.42
From discontinued operations - Diluted	$	—	$	(0.60	)

(In thousands, except per share data)	Successor Company		Predecessor Company
	Period from May 2, 2019 through September 30,		Period from January 1, 2019 through May 1,		Nine Months Ended September 30,
	2019		2019		2018
NUMERATOR:
Net income (loss) attributable to the Company – common shares	$	51,167	$	11,184,141	$	(416,815	)
Exclude:
Income (loss) from discontinued operations, net of tax	$	—	$	1,685,123	$	(206,968	)
Noncontrolling interest from discontinued operations, net of tax - common shares	—		19,028		10,732
Total income (loss) from discontinued operations, net of tax - common shares	$	—	$	1,704,151	$	(196,236	)
Income (loss) from continuing operations	$	51,167	$	9,479,990	$	(220,579	)
DENOMINATOR(1):
Weighted average common shares outstanding - basic	145,543		86,241		85,348
Stock options and restricted stock(2):	112		—		—
Weighted average common shares outstanding - diluted	145,655		86,241		85,348
Net income (loss) attributable to the Company per common share:
From continuing operations - Basic	$	0.35	$	109.92	$	(2.58	)
From discontinued operations - Basic	$	—	$	19.76	$	(2.30	)
From continuing operations - Diluted	$	0.35	$	109.92	$	(2.58	)
From discontinued operations - Diluted	$	—	$	19.76	$	(2.30	)

⁽¹⁾  All of the outstanding Special Warrants issued at emergence are included in both the basic and diluted weighted average common shares outstanding of the Successor Company for the three months ended September 30, 2019 and the period from May 2, 2019 through September 30, 2019.

⁽²⁾  Outstanding equity awards representing 8.1 million and 5.6 million shares of Class A common stock of the Successor Company for the three months ended September 30, 2019 and the period from May 2, 2019 through September 30, 2019 were not included in the computation of diluted earnings per share because to do so would have been antidilutive. Outstanding equity awards representing 6.6 million, 5.9 million and 7.6 million shares of Class A common stock of the Predecessor Company for the period for the three months ended September 30, 2018, the period from January 1, 2019 through May 1, 2019 and the nine months ended September 30, 2018 respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.