Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (DEFICIT)

v3.22.2.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock Held in Reserve
Treasury Stock
Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Dec. 31, 2020   160,762,000          
Beginning balance at Dec. 31, 2020 $ (300,500) $ 1,607 $ 0 $ 0 $ 4,213,752 $ (43,000) $ (4,472,859)
Treasury stock beginning balance (in shares) at Dec. 31, 2020     0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 8,780           8,780
Other comprehensive income 2,570         2,570  
Stock compensation 1,419       1,419    
Shares repurchased (in shares)   (86,000)          
Shares repurchased (8) $ (1)     (7)    
Issuance of restricted stock (in shares)   203,000          
Issuance of restricted stock 1 $ 3     (2)    
Treasury stock ending balance (in shares) at Mar. 31, 2021     0        
Ending balance (in shares) at Mar. 31, 2021   160,879,000          
Ending balance at Mar. 31, 2021 (287,738) $ 1,609 $ 0 0 4,215,162 (40,430) (4,464,079)
Beginning balance (in shares) at Dec. 31, 2020   160,762,000          
Beginning balance at Dec. 31, 2020 (300,500) $ 1,607 $ 0 0 4,213,752 (43,000) (4,472,859)
Treasury stock beginning balance (in shares) at Dec. 31, 2020     0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 250,994            
Other comprehensive income 2,570            
Treasury stock ending balance (in shares) at May. 17, 2021     (1,679,000)        
Ending balance (in shares) at May. 17, 2021   21,525,000          
Ending balance at May. 17, 2021 639,667 $ 2 $ (54,109) 0 693,774 0 0
Beginning balance (in shares) at Mar. 31, 2021   160,879,000          
Beginning balance at Mar. 31, 2021 (287,738) $ 1,609 $ 0 0 4,215,162 (40,430) (4,464,079)
Treasury stock beginning balance (in shares) at Mar. 31, 2021     0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 242,214           242,214
Stock compensation 5,095       5,095    
Shares repurchased (in shares)   (10,000)          
Issuance of restricted stock (in shares)   25,000          
Accumulated other comprehensive income extinguishment 40,430         40,430  
Cancellation of predecessor equity (in shares)   (160,894,000)          
Cancellation of predecessor equity 0 $ (1,609)     (4,220,256)   4,221,865
Issuance of common stock held in reserve (in shares)   21,525,000          
Issuance of common stock held in reserve 693,775 $ 2     693,773    
Shares of common stock held in reserve (in shares)     (1,679,000)        
Shares of common stock held in reserve (54,109)   $ (54,109)        
Treasury stock ending balance (in shares) at May. 17, 2021     (1,679,000)        
Ending balance (in shares) at May. 17, 2021   21,525,000          
Ending balance at May. 17, 2021 639,667 $ 2 $ (54,109) 0 693,774 0 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (209,586)           (209,586)
Conversion of preferred stock (in shares)   10,000          
Conversion of preferred stock 147       147    
Issuance of common stock held in reserve (in shares)     741,000        
Issuance of common stock held in reserve 23,893   $ 23,893        
Dividends on preferred stock (1,031)       (1,031)    
Treasury stock ending balance (in shares) at Jun. 30, 2021     (938,000)        
Ending balance (in shares) at Jun. 30, 2021   21,535,000          
Ending balance at Jun. 30, 2021 453,090 $ 2 $ (30,216) 0 692,890 0 (209,586)
Beginning balance (in shares) at May. 17, 2021   21,525,000          
Beginning balance at May. 17, 2021 639,667 $ 2 $ (54,109) 0 693,774 0 0
Treasury stock beginning balance (in shares) at May. 17, 2021     (1,679,000)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (670,899)            
Other comprehensive income 0            
Treasury stock ending balance (in shares) at Sep. 30, 2021     (938,000)        
Ending balance (in shares) at Sep. 30, 2021   21,535,000          
Ending balance at Sep. 30, 2021 (8,931) $ 2 $ (30,216) 0 692,182 0 (670,899)
Beginning balance (in shares) at Jun. 30, 2021   21,535,000          
Beginning balance at Jun. 30, 2021 453,090 $ 2 $ (30,216) 0 692,890 0 (209,586)
Treasury stock beginning balance (in shares) at Jun. 30, 2021     (938,000)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (461,313)           (461,313)
Other comprehensive income 0            
Stock compensation 1,387       1,387    
Dividends on preferred stock (2,095)       (2,095)    
Treasury stock ending balance (in shares) at Sep. 30, 2021     (938,000)        
Ending balance (in shares) at Sep. 30, 2021   21,535,000          
Ending balance at Sep. 30, 2021 $ (8,931) $ 2 $ (30,216) 0 692,182 0 (670,899)
Beginning balance (in shares) at Dec. 31, 2021 20,600,000 21,537,000          
Beginning balance at Dec. 31, 2021 $ 549,478 $ 2 $ (30,216) 0 692,521 0 (112,829)
Treasury stock beginning balance (in shares) at Dec. 31, 2021 0   (938,000)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ (491,975)           (491,975)
Conversion of preferred stock (in shares)   1,000          
Conversion of preferred stock 18       18    
Stock compensation 1,755       1,755    
Shares repurchased (in shares)   (378,000)          
Shares repurchased (35,512)     (5,318) (30,194)    
Issuance of restricted stock (in shares)   2,000          
Issuance of restricted stock (80)       (80)    
Issuance of common stock held in reserve (in shares)     876,000        
Issuance of common stock held in reserve 28,220   $ 28,220        
Dividends on preferred stock (1,447)       (1,447)    
Treasury stock ending balance (in shares) at Mar. 31, 2022     (62,000)        
Ending balance (in shares) at Mar. 31, 2022   21,162,000          
Ending balance at Mar. 31, 2022 $ 50,457 $ 2 $ (1,996) (5,318) 662,573 0 (604,804)
Beginning balance (in shares) at Dec. 31, 2021 20,600,000 21,537,000          
Beginning balance at Dec. 31, 2021 $ 549,478 $ 2 $ (30,216) 0 692,521 0 (112,829)
Treasury stock beginning balance (in shares) at Dec. 31, 2021 0   (938,000)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) $ (253,867)            
Conversion of preferred stock (in shares) 5,551            
Other comprehensive income $ 0            
Treasury stock ending balance (in shares) at Sep. 30, 2022 (20,400)   (62,000)        
Ending balance (in shares) at Sep. 30, 2022 19,400,000 19,402,000          
Ending balance at Sep. 30, 2022 $ 102,376 $ 2 $ (1,996) (1,780) 472,846 0 (366,696)
Beginning balance (in shares) at Mar. 31, 2022   21,162,000          
Beginning balance at Mar. 31, 2022 50,457 $ 2 $ (1,996) (5,318) 662,573 0 (604,804)
Treasury stock beginning balance (in shares) at Mar. 31, 2022     (62,000)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 256,580           256,580
Conversion of preferred stock (in shares)   342,000          
Conversion of preferred stock 4,706       4,706    
Stock compensation 2,145       2,145    
Shares repurchased (in shares)   (1,382,000)          
Shares repurchased (127,510)     (2,491) (125,019)    
Issuance of restricted stock (in shares)   8,000          
Issuance of restricted stock (325)       (325)    
Dividends on preferred stock (1,380)       (1,380)    
Treasury stock ending balance (in shares) at Jun. 30, 2022     (62,000)        
Ending balance (in shares) at Jun. 30, 2022   20,130,000          
Ending balance at Jun. 30, 2022 184,673 $ 2 $ (1,996) (7,809) 542,700 0 (348,224)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (18,472)           (18,472)
Conversion of preferred stock (in shares)   60,000          
Conversion of preferred stock 827       827    
Other comprehensive income 0            
Stock compensation 2,398       2,398    
Shares repurchased (in shares)   (827,000)          
Shares repurchased (64,549)     6,029 (70,578)    
Issuance of restricted stock (in shares)   39,000          
Issuance of restricted stock (1,192)       (1,192)    
Dividends on preferred stock $ (1,309)       (1,309)    
Treasury stock ending balance (in shares) at Sep. 30, 2022 (20,400)   (62,000)        
Ending balance (in shares) at Sep. 30, 2022 19,400,000 19,402,000          
Ending balance at Sep. 30, 2022 $ 102,376 $ 2 $ (1,996) $ (1,780) $ 472,846 $ 0 $ (366,696)