Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2021

– EARNINGS (LOSS) PER SHARE

Information related to the calculation of earnings (loss) per share attributable to Unit Corporation for the three months ended September 30, 2021, one month ended September 30, 2020, and two months ended August 31, 2020 is as follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the three months ended September 30, 2021 (Successor)
Basic earnings attributable to Unit Corporation per common share	$	6,295	11,311	$	0.56
Effect of dilutive restricted stock	—		109	(0.01)
Diluted earnings attributable to Unit Corporation per common share	$	6,295	11,420	$	0.55
For the one month ended September 30, 2020 (Successor)
Basic loss attributable to Unit Corporation per common share	$	(8,968)	12,000	$	(0.75)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	(8,968)		12,000	$	(0.75)
For the two months ended August 31, 2020 (Predecessor)
Basic earnings attributable to Unit Corporation per common share	$	55,131	53,519	$	1.03
Effect of dilutive stock options and restricted stock	—		—	—
Diluted earnings attributable to Unit Corporation per common share	$	55,131	53,519	$	1.03

Information related to the calculation of earnings (loss) per share attributable to Unit Corporation for the nine months ended September 30, 2021 and eight months ended August 31, 2020 is as follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the nine months ended September 30, 2021 (Successor)
Basic loss attributable to Unit Corporation per common share	$	(8,636)	11,735	$	(0.74)
Effect of dilutive restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(8,636)	11,735	$	(0.74)
For the eight months ended August 31, 2020 (Predecessor)
Basic loss attributable to Unit Corporation per common share	$	(931,012)	53,368	$	(17.45)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(931,012)	53,368	$	(17.45)

Because of the net loss for the nine months ended September 30, 2021, approximately 62,690 weighted average shares of restricted stock were antidilutive and were excluded from the earnings per share calculation above.