We calculate basic earnings per common share using the two class method. We calculate diluted earnings per common share using the more dilutive of the two class method or the treasury stock method, including the impact of potentially dilutive common shares. Potentially dilutive common shares during the Predecessor period included unvested share awards. All unvested share awards were cancelled on the Effective Date. Potentially dilutive common shares in the Successor period include the New Warrants. The New Warrants were not included in our weighted average common shares outstanding - basic and diluted because the exercise price is above the fair market value of our common shares for the period presented. The calculation of basic and diluted earnings per common share is as follows (amounts in thousands, except per share data):


	Successor		Predecessor
	Period from June 18 through June 30, 2026		Period from April 1 through June 17, 2026		Three Months Ended June 30, 2025

Numerators:
Net loss	$	(3,087)	$	(789,019)	$	(41,186)
Income attributable to unvested participating securities	—		—		(6)
Net loss used in calculating earnings per common share	$	(3,087)	$	(789,019)	$	(41,192)

Denominators:
Weighted average common shares outstanding - basic and diluted	21,954		72,916		71,282



Net loss per common share - basic and diluted	$	(0.14)	$	(10.82)	$	(0.58)


	Successor		Predecessor
	Period from June 18 through June 30, 2026		Period from January 1 through June 17, 2026		Six Months Ended June 30, 2025

Numerators:
Net loss	$	(3,087)	$	(882,040)	$	(87,053)
Income attributable to unvested participating securities	—		—		(12)
Net loss used in calculating earnings per common share	$	(3,087)	$	(882,040)	$	(87,065)

Denominators:
Weighted average common shares outstanding - basic and diluted	21,954		73,267		70,275



Net loss per common share - basic and diluted	$	(0.14)	$	(12.04)	$	(1.24)