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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Weighted Average Shares 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
 
Three Months Ended
March 31, 2018
 
Period from
March 1, 2017
through
March 31, 2017
 
 
Period from
January 1, 2017
through
February 28, 2017
Income (numerator):
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
Net income (loss)
$
18,308

 
$
(259,613
)
 
 
$
630,317

Net income attributable to participating securities
(57
)
 
—

 
 
(4,995
)
Net income (loss) attributable to common stock - basic
$
18,251

 
$
(259,613
)
 
 
$
625,322

Diluted:
 
 
 
 
 
 
Net income (loss)
$
18,308

 
$
(259,613
)
 
 
$
630,317

Net income attributable to participating securities
(56
)
 
—

 
 
(4,995
)
Net income (loss) attributable to common stock - diluted
$
18,252

 
$
(259,613
)
 
 
$
625,322

Weighted average shares (denominator):
 
 
 
 
 
 
Weighted average shares - basic
19,998

 
19,997

 
 
5,634

Dilutive effect of stock options
—

 
—

 
 
—

Dilutive effect of warrants
—

 
—

 
 
—

Dilutive effect of convertible notes
—

 
—

 
 
—

Weighted average shares - diluted
19,998

 
19,997

 
 
5,634

Basic income (loss) per share
$
0.91

 
$
(12.98
)
 
 
$
110.99

Diluted income (loss) per share
$
0.91

 
$
(12.98
)
 
 
$
110.99