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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Weighted Average Shares Outstanding Earnings Per Share
The following tables set forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods (in thousands, except per share amounts):
 
Successor
 
 
Predecessor
 
Three Months Ended
June 30, 2017
 
 
Three Months Ended
June 30, 2016
Income (numerator):
 
 
 
 
Basic:
 
 
 
 
Net loss
$
(6,461
)
 
 
$
(195,761
)
Net income attributable to participating securities
—

 
 
—

Net loss attributable to common stock - basic
$
(6,461
)
 
 
$
(195,761
)
Diluted:
 
 
 
 
Net loss
$
(6,461
)
 
 
$
(195,761
)
Net income attributable to participating securities
—

 
 
—

Net loss attributable to common stock - diluted
$
(6,461
)
 
 
$
(195,761
)
Weighted average shares (denominator):
 
 
 
 
Weighted average shares - basic
19,997

 
 
5,585

Dilutive effect of stock options
—

 
 
—

Dilutive effect of warrants
—

 
 
—

Dilutive effect of restricted stock units
—

 
 
—

Dilutive effect of convertible notes
—

 
 
—

Weighted average shares - diluted
19,997

 
 
5,585

Basic loss per share
$
(0.32
)
 
 
$
(35.05
)
Diluted loss per share
$
(0.32
)
 
 
$
(35.05
)


 
Successor
 
 
Predecessor
 
Period from
March 1, 2017
through
June 30, 2017
 
 
Period from
January 1, 2017
through
February 28, 2017
 
Six Months Ended
June 30, 2016
Income (numerator):
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
Net income (loss)
$
(266,074
)
 
 
$
630,317

 
$
(384,545
)
Net income attributable to participating securities
—

 
 
(4,995
)
 
—

Net income (loss) attributable to common stock - basic
$
(266,074
)
 
 
$
625,322

 
$
(384,545
)
Diluted:
 
 
 
 
 
 
Net income (loss)
$
(266,074
)
 
 
$
630,317

 
$
(384,545
)
Net income attributable to participating securities
—

 
 
(4,995
)
 
—

Net income (loss) attributable to common stock - diluted
$
(266,074
)
 
 
$
625,322

 
$
(384,545
)
Weighted average shares (denominator):
 
 
 
 
 
 
Weighted average shares - basic
19,997

 
 
5,634

 
5,578

Dilutive effect of stock options
—

 
 
—

 
—

Dilutive effect of warrants
—

 
 
—

 
—

Dilutive effect of restricted stock units
—

 
 
—

 
—

Dilutive effect of convertible notes
—

 
 
—

 
—

Weighted average shares - diluted
19,997

 
 
5,634

 
5,578

Basic income (loss) per share
$
(13.31
)
 
 
$
110.99

 
$
(68.94
)
Diluted income (loss) per share
$
(13.31
)
 
 
$
110.99

 
$
(68.94
)