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Earnings (Loss) Per Share - (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Reconciliations of Basic and Diluted Earnings (Loss) Per Common Share
The following tables are reconciliations of the basic and diluted earnings (loss) per common share calculations:
 
 
Successor
 
 
Predecessor
 
September 1, 2017 Through September 30, 2017
 
 
July 1, 2017
Through
August 31, 2017
 
Three Months
Ended
September 30, 2016
 
 
 
 
Numerator:
 
 
 
 
 
 
(Loss) income from continuing operations
$
(821
)
 
 
$
72,223

 
$
(18,298
)
Income from discontinued operations, net of income taxes

 
 

 
(1,688
)
Net (loss) income
$
(821
)
 
 
$
72,223

 
$
(19,986
)
Denominator:
 
 
 
 
 
 
Weighted average common shares outstanding
2,000

 
 
31,790

 
32,260

Effect of dilutive securities:
 
 
 
 
 
 
Outstanding common stock equivalents

 
 

 

Denominator for diluted earnings (loss) per common share
2,000

 
 
31,790

 
32,260

 
 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
 
Continuing operations
$
(0.41
)
 
 
$
2.27

 
$
(0.57
)
Discontinued operations

 
 

 
(0.05
)
Net basic (loss) earnings per common share
$
(0.41
)
 
 
$
2.27

 
$
(0.62
)
 
 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
 
Continuing operations
$
(0.41
)
 
 
$
2.27

 
$
(0.57
)
Discontinued operations

 
 

 
(0.05
)
Net diluted (loss) earnings per common share
$
(0.41
)
 
 
$
2.27

 
$
(0.62
)
Excluded outstanding share-based awards having an anti-dilutive effect
1,734

 
 

 
2,326

Excluded "in the money" portion of 5.25% Convertible Notes (Predecessor) having an anti-dilutive effect

 
 

 

Excluded "in the money" portion of Second Lien Notes (Successor) having an anti-dilutive effect

 
 

 



 
Successor
 
 
Predecessor
 
September 1, 2017 Through September 30, 2017
 
 
January 1, 2017
Through
August 31, 2017
 
Nine Months
Ended
September 30, 2016
 
 
 
 
Numerator:
 
 
 
 
 
 
Loss from continuing operations
$
(821
)
 
 
$
36,190

 
$
(84,372
)
Income from discontinued operations, net of income taxes

 
 

 
6,246

Net loss
$
(821
)
 
 
$
36,190

 
$
(78,126
)
Denominator:
 
 
 
 
 
 
Weighted average common shares outstanding
2,000

 
 
32,174

 
27,909

Effect of dilutive securities:
 
 
 
 
 
 
Outstanding common stock equivalents

 
 

 

Denominator for diluted earnings (loss) per common share
2,000

 
 
32,174

 
27,909

 
 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
 
Continuing operations
$
(0.41
)
 
 
$
1.12

 
$
(3.02
)
Discontinued operations

 
 

 
0.22

Net basic (loss) earnings per common share
$
(0.41
)
 
 
$
1.12

 
$
(2.80
)
 
 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
 
Continuing operations
$
(0.41
)
 
 
$
1.12

 
$
(3.02
)
Discontinued operations

 
 

 
0.22

Net diluted (loss) earnings per common share
$
(0.41
)
 
 
$
1.12

 
$
(2.80
)
Excluded outstanding share-based awards having an anti-dilutive effect
1,734

 
 

 
2,326

Excluded "in the money" portion of 5.25% Convertible Notes (Predecessor) having an anti-dilutive effect

 
 

 

Excluded "in the money" portion of Second Lien Notes (Successor) having an anti-dilutive effect