Schedule of Stock by Class |
The following table presents the Successor Company's Class A Common Stock, Class B Common Stock and Special Warrants issued and outstanding as of June 30, 2020: | | | | | | | | | | June 30, 2020 | | | | | (Unaudited) | | | | Successor Class A Common Stock, par value $.001 per share, 1,000,000,000 shares authorized | 61,432,341 | | | | | Successor Class B Common Stock, par value $.001 per share, 1,000,000,000 shares authorized | 6,900,195 | | | | | Successor Special Warrants | 78,038,412 | | | | | Total Successor Class A Common Stock, Class B Common Stock and Special Warrants issued | 146,370,948 | | | | |
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Computation of Income (Loss) Per Share |
| | | | | | | | | | | | | | | | | | | | | | | | | (In thousands, except per share data) | Successor Company | | | | | Predecessor Company | | | | | | Three Months Ended June 30, | | Period from May 2, 2019 through June 30, | | | Period from April 1, 2019 through May 1, | | | | | | 2020 | | 2019 | | | 2019 | | | | | NUMERATOR: | | | | | | | | | | | Net income (loss) attributable to the Company – common shares | $ | (197,317) | | | $ | 38,793 | | | | $ | 11,298,524 | | | | | | Exclude: | | | | | | | | | | | Income from discontinued operations, net of tax | $ | — | | | $ | — | | | | $ | 1,854,677 | | | | | | Noncontrolling interest from discontinued operations, net of tax - common shares | — | | | — | | | | (2,190) | | | | | | Total income from discontinued operations, net of tax - common shares | $ | — | | | $ | — | | | | $ | 1,852,487 | | | | | | Income (loss) from continuing operations | $ | (197,317) | | | $ | 38,793 | | | | $ | 9,446,037 | | | | | | | | | | | | | | | | | DENOMINATOR(1): | | | | | | | | | | | Weighted average common shares outstanding - basic | 145,963 | | | 145,275 | | | | 85,652 | | | | | | Stock options and restricted stock(2): | — | | | 23 | | | | — | | | | | | Weighted average common shares outstanding - diluted | 145,963 | | | 145,298 | | | | 85,652 | | | | | | | | | | | | | | | | | Net income (loss) attributable to the Company per common share: | | | | | | | | | | | From continuing operations - Basic | $ | (1.35) | | | $ | 0.27 | | | | $ | 110.28 | | | | | | From discontinued operations - Basic | $ | — | | | $ | — | | | | $ | 21.63 | | | | | | | | | | | | | | | | | From continuing operations - Diluted | $ | (1.35) | | | $ | 0.27 | | | | $ | 110.28 | | | | | | From discontinued operations - Diluted | $ | — | | | $ | — | | | | $ | 21.63 | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | (In thousands, except per share data) | | | | | Successor Company | | | | | Predecessor Company | | | | | | Six Months Ended June 30, | | Period from May 2, 2019 through June 30, | | | Period from January 1, 2019 through May 1, | | | | | | 2020 | | 2019 | | | 2019 | NUMERATOR: | | | | | | | | | | | Net income (loss) attributable to the Company – common shares | | | | | $ | (1,886,053) | | | $ | 38,793 | | | | $ | 11,184,141 | | Exclude: | | | | | | | | | | | Income from discontinued operations, net of tax | | | | | $ | — | | | $ | — | | | | $ | 1,685,123 | | Noncontrolling interest from discontinued operations, net of tax - common shares | | | | | — | | | — | | | | 19,028 | | Total income from discontinued operations, net of tax - common shares | | | | | $ | — | | | $ | — | | | | $ | 1,704,151 | | Income (loss) from continuing operations | | | | | $ | (1,886,053) | | | $ | 38,793 | | | | $ | 9,479,990 | | | | | | | | | | | | | DENOMINATOR(1): | | | | | | | | | | | Weighted average common shares outstanding - basic | | | | | 145,788 | | | 145,275 | | | | 86,241 | | Stock options and restricted stock(2): | | | | | — | | | 23 | | | | — | | Weighted average common shares outstanding - diluted | | | | | 145,788 | | | 145,298 | | | | 86,241 | | | | | | | | | | | | | Net income (loss) attributable to the Company per common share: | | | | | | | | | | | From continuing operations - Basic | | | | | $ | (12.94) | | | $ | 0.27 | | | | $ | 109.92 | | From discontinued operations - Basic | | | | | $ | — | | | $ | — | | | | $ | 19.76 | | | | | | | | | | | | | From continuing operations - Diluted | | | | | $ | (12.94) | | | $ | 0.27 | | | | $ | 109.92 | | From discontinued operations - Diluted | | | | | $ | — | | | $ | — | | | | $ | 19.76 | | | | | | | | | | | | |
(1)All of the outstanding Special Warrants are included in both the basic and diluted weighted average common shares outstanding of the Successor Company for the three months ended June 30, 2020, the period from May 2, 2019 through June 30, 2019 and the six months ended June 30, 2020. (2)Outstanding equity awards representing 7.7 million, 1.3 million and 7.9 million shares of Class A common stock of the Successor Company for the three months ended June 30, 2020, the period from May 2, 2019 through June 30, 2019 and the six months ended June 30, 2020 were not included in the computation of diluted earnings per share because to do so would have been antidilutive. Outstanding equity awards representing 5.9 million shares of Class A common stock of the Predecessor Company for the period from April 1, 2019 through May 1, 2019 and the period from January 1, 2019 through May 1, 2019 were not included in the computation of diluted earnings per share because to do so would have been antidilutive.
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