EARNINGS PER SHARE
|6 Months Ended|
Jun. 30, 2022
|Earnings Per Share [Abstract]|
|EARNINGS PER SHARE||EARNINGS PER SHARE
Basic income or loss per share attributable to common stockholders is computed as (i) net income or loss less (ii) dividends paid to holders of preferred stock less (iii) net income or loss attributable to participating securities divided by (iv) weighted average basic shares outstanding. Diluted net income or loss per share attributable to common stockholders is computed as (i) basic net income or loss attributable to common stockholders plus (ii) diluted adjustments to income allocable to participating securities divided by (iii) weighted average diluted shares outstanding. The "if-converted" method is used to determine the dilutive impact for the Company's convertible preferred stock and the treasury stock method is used to determine the dilutive impact of unvested restricted stock.
There were 0.2 million potential shares of common stock that were considered dilutive for the Current Successor Quarter. There were no potential shares of common stock that were considered dilutive for the Current Successor YTD Period, Prior Successor Period, Prior Predecessor Quarter, or Prior Predecessor YTD Period. There were 3.8 million shares of potential common shares issuable due to the Company's convertible preferred stock for each of the Current Successor Quarter and Current Successor YTD Period. There were no shares of restricted stock that were considered anti-dilutive during the Current Successor Quarter. During the Current Successor YTD Period, there were 0.2 million shares of restricted stock that were considered anti-dilutive.
Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the tables below (in thousands):
(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.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef