EARNINGS PER SHARE

The following table presents our basic and diluted earnings per share (“EPS”) for the years ended December 31, 2018, 2017 and 2016 (in thousands, except per share amounts):



	Successor									Predecessor
	Year Ended December 31, 2018			Year Ended December 31, 2017			Period from December 16, 2016 through December 31, 2016			Period from January 1, 2016 through December 15, 2016
Basic and diluted EPS Calculation:
Numerator
Net loss	$	(88,796	)	$	(120,589	)	$	(10,244	)	$	(131,736	)
Denominator
Weighted average shares outstanding	20,250			20,105			20,090			160,587
Basic loss per share	$	(4.38	)	$	(6.00	)	$	(0.51	)	$	(0.82	)

Stock options, warrants and stock appreciation rights (“SARs”) are included in the computation of diluted earnings per share using the treasury stock method. Restricted stock awards are legally considered issued and outstanding when granted and are included in basic weighted average shares outstanding.

The company has issued potentially dilutive instruments such as RSUs, stock options, SARs and warrants. However, the company did not include these instruments in its calculation of diluted loss per share during the periods presented, because to include them would be anti-dilutive. The following table shows potentially dilutive instruments (in thousands):



	Successor			Predecessor
	Year Ended December 31, 2018	Year Ended December 31, 2017	Period from December 16, 2016 through December 31, 2016	Period from January 1, 2016 through December 15, 2016
RSUs	1,192	1,778	667	93
Stock options	138	701	648	812
SARs	—	—	—	240
Warrants	1,838	1,838	1,838	—
Total	3,168	4,317	3,153	1,145

There have been no material changes in share amounts subsequent to the balance sheet date that would have a material impact on the earnings per share calculation.