Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of cash, cash equivalents, and restricted cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash as reported within the Unaudited Condensed Consolidated Balance Sheets to “Cash, cash equivalents, and restricted cash at end of period” as reported within the Unaudited Condensed Consolidated Statements of Cash Flows:


	Successor
In thousands	June 30, 2021		December 31, 2020
Cash and cash equivalents	$	13,565	$	518
Restricted cash, current	—		1,000
Restricted cash included in other assets	46,200		40,730
Total cash, cash equivalents, and restricted cash shown in the Unaudited Condensed Consolidated Statements of Cash Flows	$	59,765	$	42,248

Schedule of earnings per share, basic and diluted reconciliation

The following is a reconciliation of the weighted average shares used in the basic and diluted net loss per common share calculations for the periods indicated:


	Successor	Predecessor	Successor	Predecessor
In thousands	Three Months Ended June 30, 2021	Three Months Ended June 30, 2020	Six Months Ended June 30, 2021	Six Months Ended June 30, 2020







Weighted average common shares outstanding – basic	50,999	495,245	50,661	494,752
Effect of potentially dilutive securities
Restricted stock units	—	—	—

Warrants	—	—	—	—
Restricted stock and performance-based equity awards	—	—	—	—
Convertible senior notes(1)	—	—	—	—
Weighted average common shares outstanding – diluted(2)	50,999	495,245	50,661	494,752

(1)In connection with the Company’s emergence from bankruptcy on September 18, 2020, all outstanding convertible senior notes were fully extinguished.

(2)If the Company had recognized net income, the weighted average diluted shares outstanding would have been 54.3 million and 587.1 million for the three months ended June 30, 2021 and 2020, respectively, and 52.7 million and 586.6 million for the six months ended June 30, 2021 and 2020, respectively.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following outstanding securities were excluded from the computation of diluted net loss per share, as their effect would have been antidilutive, as of the respective dates:


	Successor	Predecessor
In thousands	June 30, 2021	June 30, 2020
Restricted stock units	1,255	—
Warrants	5,503	—
Stock appreciation rights	—	1,493
Nonvested time-based restricted stock and performance-based equity awards	—	5,572
Convertible senior notes	—	83,495