| Schedule of Computation of Earnings per Share |
The following table represents the computation of earnings per share:
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Successor |
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Predecessor |
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Three Months Ended September 30, |
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|
Three Months Ended September 30, |
Dollars in thousands, except share and per share amounts |
2019 |
|
|
2018 |
Basic EPS |
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|
Numerator |
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|
|
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Net income (loss) available to common stockholders (numerator)
|
$ |
3,989 |
|
|
|
$ |
(71,857 |
) |
Denominator |
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|
|
|
Weighted average shares outstanding |
15,044,739 |
|
|
|
9,334,390 |
|
Number of shares used for basic EPS computation |
15,044,739 |
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|
|
9,334,390 |
|
Basic earnings (loss) per common share |
$ |
0.27 |
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|
|
$ |
(7.70 |
) |
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Successor |
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Predecessor |
|
Three Months Ended September 30, |
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|
Three Months Ended September 30, |
Dollars in thousands, except share and per share amounts |
2019 |
|
|
2018 |
Diluted EPS |
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Numerator |
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|
|
|
Net income (loss) available to common stockholders (numerator)
|
$ |
3,989 |
|
|
|
$ |
(71,857 |
) |
Denominator |
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|
|
|
Number of shares used for basic EPS computation |
15,044,739 |
|
|
|
9,334,390 |
|
Successor unvested restricted stock units |
— |
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|
— |
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Successor unvested stock options |
— |
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|
— |
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Successor warrants |
— |
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|
— |
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Predecessor preferred stock |
— |
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|
|
— |
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Number of shares used for diluted EPS computation |
15,044,739 |
|
|
|
9,334,390 |
|
Diluted earnings (loss) per common share |
$ |
0.27 |
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|
$ |
(7.70 |
) |
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Successor |
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Predecessor |
|
Six Months Ended September 30, |
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|
Three Months Ended March 31, |
|
Nine Months Ended September 30, |
Dollars in thousands, except share and per share amounts |
2019 |
|
|
2019 |
|
2018 |
Basic EPS |
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|
|
|
|
|
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 |
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|
|
$ |
(9.63 |
) |
|
$ |
(13.49 |
) |
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Successor |
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|
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 |
— |
|
|
|
— |
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|
— |
|
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:
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Successor |
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Predecessor |
|
Three Months Ended September 30, |
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Three Months Ended September 30, |
|
2019 |
|
|
2018 |
Successor unvested restricted stock units |
198,765 |
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|
|
— |
|
Successor unvested stock options |
298,150 |
|
|
|
— |
|
Successor warrants |
2,580,182 |
|
|
|
— |
|
Predecessor preferred stock |
— |
|
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|
1,587,300 |
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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 |
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|