Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2022

The following table summarizes the basic and diluted earnings per share for the periods presented (in thousands, except per share data):


	Successor						Predecessor
	Year Ended				Period from November 20, 2020 through December 31, 2020		Period from January 1, 2020 through November 19, 2020
	2022		2021


Net income (loss) from continuing operations	$	1,430,463	$	188,960	$	(67,108)	$	(3,865,854)
Distributed and undistributed earnings from continuing operations allocated to participating securities	(182)		—		—		—
Net income (loss) from continuing operations attributable to common stockholders (basic)	1,430,281		188,960		(67,108)		(3,865,854)
Reallocation of distributed and undistributed earnings from continuing operations allocated to participating securities	6		—		—		—
Net income (loss) from continuing operations attributable to common stockholders (diluted)	$	1,430,287	$	188,960	$	(67,108)	$	(3,865,854)

Weighted average common shares outstanding:
Basic weighted average common shares outstanding	30,497		19,792		19,991		317,644
Dilutive effect of share-based awards	1,134		856		—		—
Dilutive effect of warrants	620		—		—		—
Diluted weighted average common shares outstanding	32,251		20,648		19,991		317,644

Basic earnings (loss) per share from continuing operations	$	46.90	$	9.55	$	(3.36)	$	(12.17)
Diluted earnings (loss) per share from continuing operations	$	44.35	$	9.15	$	(3.36)	$	(12.17)

Anti-dilutive weighted average common shares:
Potential common shares	2,901		2,144		1,631		5,216