Three Months Ended

Nine Months Ended

September 30,

September 30,

2016

2015

2016

2015

Net income (loss)

$

45,928

$

(477,568

)

$

(265,503

)

$

(993,112

)

Less portion allocated to nonvested shares

1,689

—

—

—

Net income (loss) allocated to common shares

$

44,239

$

(477,568

)

$

(265,503

)

$

(993,112

)

Weighted average common shares outstanding

92,243

75,932

81,748

75,900

Basic and diluted earnings (loss) per common share

$

0.48

$

(6.29

)

$

(3.25

)

$

(13.08

)

Shares excluded due to being anti-dilutive (weighted-average)

—

1,913

3,833

1,945