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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of Stockholders Equity
The following tables summarize the components of our shareholders equity (deficit) and the changes therein as of and for the Predecessor period from December 31, 2015, through September 12, 2016 and the Successor period from September 13, 2016 through September 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred
 
Other
 
 
 
 
 
Preferred
 
Common
 
Paid-in
 
Accumulated
 
Compensation
 
Comprehensive
 
Treasury
 
 
 
Stock 2
 
Stock 2
 
Capital 2
 
Deficit
 
Obligation
 
Income 3
 
Stock
 
Total
Balance, December 31, 2015 (Predecessor)
$
3,146

 
$
628

 
$
1,211,088

 
$
(2,130,271
)
 
$
3,440

 
$
422

 
$
(3,574
)
 
$
(915,121
)
Net Loss

 

 

 
1,054,602

 

 

 

 
1,054,602

All Other Changes 1
(1,266
)
 
69

 
2,709

 

 

 
(39
)
 

 
1,473

Balance, September 12, 2016 (Predecessor)
$
1,880

 
$
697

 
$
1,213,797

 
$
(1,075,669
)
 
$
3,440

 
$
383

 
$
(3,574
)
 
$
140,954

Cancellation of Predecessor equity
(1,880
)
 
(697
)
 
(1,213,797
)
 
1,075,669

 
(3,440
)
 
(383
)
 
3,574

 
(140,954
)
Balance, September 12, 2016 (Predecessor)
$

 
$

 
$

 
$

 
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Issuance of Successor common stock - Rights Offering
$

 
$
76

 
$
49,867

 
$

 
$

 
$

 
$

 
$
49,943

Issuance of Successor common stock - Backstop Fee

 
5

 
9,054

 

 

 

 

 
9,059

Issuance of Successor common stock - exchange of claims

 
69

 
131,824

 

 

 

 

 
131,893

Balance, September 12, 2016 (Successor)

 
150

 
190,745

 

 

 

 

 
190,895

Net Loss

 

 

 
(3,441
)
 

 

 

 
(3,441
)
Balance, September 30, 2016 (Successor)
$

 
$
150

 
$
190,745

 
$
(3,441
)
 
$

 
$

 
$

 
$
187,454

_______________________
1 Includes equity-classified share-based compensation of $(3,918) for the period January 1, 2016 through September 12, 2016. Share-based compensation awards that were outstanding on the Effective Date were canceled in connection with our emergence from bankruptcy.
2 A total of 52 shares, or 5,159 depositary shares, of our Series A 6% Convertible Perpetual Preferred Stock (the “Series A Preferred Stock”) were converted into 85,982 shares of our common stock during the period January 1, 2016 through September 12, 2016. A total of 12,619 shares, or 1,261,850 depositary shares, of our Series B 6% Convertible Perpetual Preferred Stock (the “Series B Preferred Stock”) were converted into 6,879,222 shares of our common stock during the period January 1, 2016 through September 12, 2016. Preferred Stock was canceled in connection with our emergence from bankruptcy.
3 Accumulated other comprehensive income (“AOCI”) is entirely attributable to our defined benefit pension and postretirement health care plans. The changes in the balance of AOCI for the period January 1, 2016 through September 12, 2016, represent reclassifications from AOCI to net periodic benefit expense, a component of “General and administrative expenses,” of $(38).