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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Weighted Average Shares and Outstanding Earnings Per Share
The following table sets 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
 
Period from
March 1, 2017
through
December 31, 2017
 
 
Period from
January 1, 2017
through
February 28, 2017
 
Year Ended December 31,
 
 
 
 
2016
 
2015
Income (numerator):
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Net income (loss)
$
(247,639
)
 
 
$
630,317

 
$
(590,586
)
 
$
(1,090,915
)
Net income attributable to participating securities
—

 
 
(4,995
)
 
—

 
—

Net income (loss) attributable to common stock - basic
$
(247,639
)
 
 
$
625,322

 
$
(590,586
)
 
$
(1,090,915
)
Diluted:
 
 
 
 
 
 
 
 
Net income (loss)
$
(247,639
)
 
 
$
630,317

 
$
(590,586
)
 
$
(1,090,915
)
Net income attributable to participating securities
—

 
 
(4,995
)
 
—

 
—

Net income (loss) attributable to common stock - diluted
$
(247,639
)
 
 
$
625,322

 
$
(590,586
)
 
$
(1,090,915
)
Weighted average shares (denominator):
 
 
 
 
 
 
 
 
Weighted average shares - basic
19,997

 
 
5,634

 
5,591

 
5,525

Dilutive effect of stock options
—

 
 
—

 
—

 
—

Dilutive effect of warrants
—

 
 
—

 
—

 
—

Dilutive effect of convertible notes
—

 
 
—

 
—

 
—

Weighted average shares - diluted
19,997

 
 
5,634

 
5,591

 
5,525

Basic income (loss) per share
$
(12.38
)
 
 
$
110.99

 
$
(105.63
)
 
$
(197.45
)
Diluted income (loss) per share
$
(12.38
)
 
 
$
110.99

 
$
(105.63
)
 
$
(197.45
)