Earnings (Loss) per Share

The following table provides a reconciliation of the components used in the calculation of basic and diluted earnings (loss) per share for the periods presented:



	Successor		Predecessor			Successor		Predecessor
	Three Months		Three Months			Six Months		Six Months
	Ended		Ended			Ended		Ended
	June 30, 2017		June 30, 2016			June 30, 2017		June 30, 2016
Net income (loss)	$	21,329	$	(67,266	)	$	49,410	$	(100,739	)
Less: Preferred stock dividends ¹	—		(2,820		)	—		(5,972		)
Net income (loss) attributable to common shareholders – basic and diluted	$	21,329	$	(70,086	)	$	49,410	$	(106,711	)

Weighted-average shares – basic	14,992		89,051			14,992		87,496
Effect of dilutive securities ²	58		—			105		—
Weighted-average shares – diluted	15,050		89,051			15,097		87,496

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¹ Dividends attributable to our Series A 6% Convertible Perpetual Preferred Stock and Series B 6% Convertible Perpetual Preferred Stock (together, the “Series A and B Preferred Stock”) were excluded from the computation of diluted loss per share for the three and six months ended June 30, 2016, as their assumed conversion would have been anti-dilutive.

² The number of dilutive securities for the three and six months ended June 30, 2017, which is attributable to RSUs and PRSUs, was determined under the “treasury stock” method. For the six months ended June 30, 2016, approximately 26.6 million of potentially dilutive securities, including the Series A and Series B Preferred Stock, stock options and restricted stock units, had the effect of being anti-dilutive and were excluded from the calculation of diluted loss per common share.