Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.22.1
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted
Basic and diluted weighted average shares outstanding and earnings per share were as follows (in thousands, except share and per share data):
Successor Predecessor
November 9, 2021
Through
December 31, 2021
January 1, 2021
Through
November 8, 2021
Year Ended December 31,
2020 2019
Net (loss) income $ (680,457) $ 20,629  $ 24,249  $ (42,037)
Basic and diluted (loss) earnings per share $ (4.33) $ 0.39  $ 0.46  $ (0.79)
Weighted-average shares outstanding:
Basic and diluted 157,158,579  53,045,510  53,045,510  53,045,510