Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share (EPS) (Tables)

v3.19.3
Earnings (Loss) Per Common Share (EPS) (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Computation of Earnings per Share
The following table represents the computation of earnings per share:
 
Successor
 
 
Predecessor
 
Three Months Ended September 30,
 
 
Three Months Ended September 30,
Dollars in thousands, except share and per share amounts
2019
 
 
2018
Basic EPS
 
 
 
 
Numerator
 
 
 
 
Net income (loss) available to common stockholders (numerator)

$
3,989

 
 
$
(71,857
)
Denominator
 
 
 
 
Weighted average shares outstanding
15,044,739

 
 
9,334,390

Number of shares used for basic EPS computation
15,044,739

 
 
9,334,390

Basic earnings (loss) per common share
$
0.27

 
 
$
(7.70
)
 
 
 
 
 
 
Successor
 
 
Predecessor
 
Three Months Ended September 30,
 
 
Three Months Ended September 30,
Dollars in thousands, except share and per share amounts
2019
 
 
2018
Diluted EPS
 
 
 
 
Numerator
 
 
 
 
Net income (loss) available to common stockholders (numerator)

$
3,989

 
 
$
(71,857
)
Denominator
 
 
 
 
Number of shares used for basic EPS computation
15,044,739

 
 
9,334,390

Successor unvested restricted stock units

 
 

Successor unvested stock options

 
 

Successor warrants

 
 

Predecessor preferred stock

 
 

Number of shares used for diluted EPS computation
15,044,739

 
 
9,334,390

Diluted earnings (loss) per common share
$
0.27

 
 
$
(7.70
)


 
Successor
 
 
Predecessor
 
Six Months Ended September 30,
 
 
Three Months Ended March 31,
 
Nine Months Ended September 30,
Dollars in thousands, except share and per share amounts
2019
 
 
2019
 
2018
Basic EPS
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
Net income (loss) available to common stockholders (numerator)
$
8,630

 
 
$
(90,248
)
 
$
(125,343
)
Denominator
 
 
 
 
 
 
Weighted average shares outstanding
15,044,739

 
 
9,368,322

 
9,292,858

Number of shares used for basic EPS computation
15,044,739

 
 
9,368,322

 
9,292,858

Basic earnings (loss) per common share
$
0.57

 
 
$
(9.63
)
 
$
(13.49
)
 
 
 
 
 
 
 
 
Successor
 
 
Predecessor
 
Six Months Ended September 30,
 
 
Three Months Ended March 31,
 
Nine Months Ended September 30,
Dollars in thousands, except share and per share amounts
2019
 
 
2019
 
2018
Diluted EPS
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
Net income (loss) available to common stockholders (numerator)
$
8,630

 
 
$
(90,248
)
 
$
(125,343
)
Denominator
 
 
 
 
 
 
Number of shares used for basic EPS computation
15,044,739

 
 
9,368,322

 
9,292,858

Successor unvested restricted stock units






Successor unvested stock options






Successor warrants






Predecessor preferred stock






Number of shares used for diluted EPS computation
15,044,739

 
 
9,368,322

 
9,292,858

Diluted earnings (loss) per common share
$
0.57

 
 
$
(9.63
)
 
$
(13.49
)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following shares were excluded from the computation of diluted EPS as such shares would be anti-dilutive:
 
Successor
 
 
Predecessor
 
Three Months Ended September 30,
 
 
Three Months Ended September 30,
 
2019
 
 
2018
Successor unvested restricted stock units
198,765

 
 

Successor unvested stock options
298,150

 
 

Successor warrants
2,580,182

 
 

Predecessor preferred stock

 
 
1,587,300

 
Successor
 
 
Predecessor
 
Six Months Ended September 30,
 
 
Three Months Ended March 31,
 
Nine Months Ended September 30,
 
2019
 
 
2019
 
2018
Successor unvested restricted stock units
198,765

 
 

 

Successor unvested stock options
298,150

 
 

 

Successor warrants
2,580,182

 
 

 

Predecessor preferred stock

 
 
1,587,300

 
1,587,300