NET LOSS PER SHARE

Shares of Class A Common Stock and Class C Common Stock issued to Apache in exchange for its ownership interests in the Alpine High Entities were retroactively restated from May 26, 2016 (inception) to the Closing Date, based on the proportionate value of the capital contributions made by Apache to the Alpine High Entities. The calculation of the weighted averages shares outstanding from inception up to the Closing Date includes all shares issued to Apache, in order to reflect Apache’s 100 percent economic interest in the Alpine High Entities until that time. Class C Common Stock is excluded from the weighted average shares outstanding immediately following the Closing Date, as holders of Class C Common Stock are not entitled to any dividends or liquidating distributions and are reflected as a redeemable noncontrolling interest.

For further detail of the Business Combination and associated financial statement presentation, please refer to Note 1 — Summary of Significant Accounting Policies and Note 2 — Recapitalization Transaction.

A reconciliation of the components of basic and diluted net loss per share for the periods presented in the consolidated financial statements, is shown in the table below.



	For the Year Ended December 31,														Period from May 26, 2016 (Inception) through December 31,
	2018							2017							2016
	(In thousands, except per common share data)
Basic:	Amount			Shares	Per Share			Amount			Shares	Per Share			Amount		Shares	Per Share
Net loss including noncontrolling interest	$	(239	)	173,125	$	—		$	(18,575	)	62,259	$	(0.30	)	$	—	6,293	$	—
Net income attributable to noncontrolling interest	4,149			—	—			—			—	—			—		—	—
Net loss attributable to Class A Common Shareholders	$	(4,388	)	173,125	$	(0.03	)	$	(18,575	)	62,259	$	(0.30	)	$	—	6,293	$	—
Effect of Dilutive Securities:
Diluted:
Net loss including noncontrolling interest	$	(239	)	173,125	$	—		$	(18,575	)	62,259	$	(0.30	)	$	—	6,293	$	—
Net income attributable to noncontrolling interest	4,149			—	—			—			—	—			—		—	—
Net loss attributable to Class A Common Shareholders	$	(4,388	)	173,125	$	(0.03	)	$	(18,575	)	62,259	$	(0.30	)	$	—	6,293	$	—

Earn-out consideration granting Apache the right to receive up to 37,500,000 shares of Class A Common Stock is not included in the earnings per share calculation above, as the conditions for issuance were not satisfied as of the year-ended December 31, 2018. The outstanding warrants of the Company to purchase an aggregate 18,941,641 shares of Class A Common Stock are not considered in the calculation of diluted since their inclusion would be antidilutive.