Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.22.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
Reconciliations of the components of basic and diluted net (loss) income per common share are presented in the table below (in thousands):
Successor Predecessor
Three Months Ended March 31, 2022 Three Months Ended March 31, 2021
Net (loss) income $ (491,975) $ 8,780 
Dividends on preferred stock (1,447) — 
Participating securities - preferred stock(1)
—  — 
Net (loss) income attributable to common stockholders $ (493,422) $ 8,780 
Basic Shares 21,242  160,813 
Basic and Dilutive EPS $ (23.23) $ 0.05 
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(1)    Preferred stock represents participating securities because it participates in any dividends on shares of common stock on a pari passu, pro rata basis. However, preferred stock does not participate in undistributed net losses.