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Equity (Deficit) (Tables)
12 Months Ended
Dec. 31, 2019
Equity And Distributions [Line Items]  
Summary of Changes in Number of Outstanding Common Units and Shares of Common Stock The following table summarizes the changes in the number of outstanding common units and shares of common stock:

 

Common

 

 

Shares

 

Balance, December 31, 2016 (Predecessor)

 

83,827,920

 

Restricted common units issued

 

 

Restricted common units forfeited

 

(12,952

)

Restricted common units repurchased (1)

 

(14,681

)

Balance, May 4, 2017 (Predecessor)

 

83,800,287

 

Cancellation of Predecessor common units

 

(83,800,287

)

Balance, May 4, 2017 (Predecessor)

 

 

Issuance of Successor common stock

 

25,000,000

 

Balance, May 5, 2017 (Successor)

 

25,000,000

 

Issuance of Successor common stock

 

 

Balance, December 31, 2017 (Successor)

 

25,000,000

 

Issuance of common stock

 

 

Restricted stock units vested

 

163,700

 

Repurchase of common shares

 

(65,152

)

Restricted common stock repurchased and retired under tender offer

 

(2,916,667

)

Balance, December 31, 2018 (Successor)

 

22,181,881

 

Issuance of common stock

 

 

Restricted stock units vested

 

412,938

 

Repurchase of common shares

 

(120,163

)

Common stock repurchased and retired under share repurchase program

 

(169,400

)

Balance, June 30, 2019

 

22,305,256

 

Restricted stock units vested

 

38,181

 

Repurchase of common shares

 

(9,427

)

Balance, August 5, 2019

 

22,334,010

 

Ratio to convert Amplify shares

 

0.933

 

Common stock issued to Legacy Amplify stockholders

 

20,837,633

 

Midstates stock outstanding and acquired with the Merger

 

20,415,005

 

Treasury shares acquired from the Merger

 

205,861

 

Restricted stock units vested

 

682,552

 

Repurchase of common shares

 

(31,697

)

Common stock repurchased and retired under share repurchase program

 

(4,195,247

)

Cancelation and retirement of shares

 

(347,567

)

Balance, December 31, 2019

 

37,566,540

 

 

 

(1)

Restricted common units were generally net-settled by our Predecessor unitholders to cover the required withholding tax upon vesting. The Predecessor unitholders surrendered units with value equivalent to the employees’ minimum statutory obligation for the applicable income and other employment taxes. Total payments remitted for the employees’ tax obligations to the appropriate taxing authorities were less than approximately $0.1 million for the period from January 1, 2017 through May 4, 2017. These net-settlements had the effect of unit repurchases by the Company as they reduced the number of units that would have otherwise been outstanding as a result of the vesting and did not represent an expense to the Company.

Warrants [Member]  
Equity And Distributions [Line Items]  
Summary of Assumptions used to Estimate the Fair Value

The fair values for the warrants upon issuance on the Effective Date have been estimated using the Black-Scholes option pricing model using the following assumptions:

 

 

Warrants Issued in

 

 

Successor Period

 

Risk-free interest rate

 

2.06

%

Dividend yield

 

 

Expected life (in years)

 

5.0

 

Expected volatility

 

50.0

%

Strike Price

$

42.60

 

Calculated fair value

$

2.20