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STOCKHOLDER'S EQUITY (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
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 $.001 per share, 1,000,000,000 shares authorized
6,900,195  
Successor Special Warrants78,038,412  
  Total Successor Class A Common Stock, Class B Common Stock and Special Warrants issued146,370,948  
Computation of Income (Loss) Per Share
(In thousands, except per share data)Successor CompanyPredecessor Company
Three Months Ended June 30,Period from May 2, 2019 through June 30,Period from April 1, 2019 through May 1,
 202020192019
NUMERATOR:  
Net income (loss) attributable to the Company – common shares$(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 - basic145,963  145,275  85,652  
  Stock options and restricted stock(2):
—  23  —  
Weighted average common shares outstanding - diluted145,963  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  $110.28  
From discontinued operations - Diluted$—  $—  $21.63  
(In thousands, except per share data)Successor CompanyPredecessor Company
Six Months Ended June 30,Period from May 2, 2019 through June 30,Period from January 1, 2019 through May 1,
202020192019
NUMERATOR:
Net income (loss) attributable to the Company – common shares$(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  $9,479,990  
DENOMINATOR(1):
Weighted average common shares outstanding - basic145,788  145,275  86,241  
Stock options and restricted stock(2):
—  23  —  
Weighted average common shares outstanding - diluted145,788  145,298  86,241  
Net income (loss) attributable to the Company per common share:
From continuing operations - Basic$(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.