W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Earnings Per Share

6 Months Ended

Jun. 30, 2020

10.

Earnings Per Share

The following table presents the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share amounts):

	*Three Months Ended June 30,*					*Six Months Ended June 30,*
	*2020*			*2019*		*2020*		*2019*
Net (loss) income	$	(5,904	)	$	36,389	$	60,076	$	(11,372	)
Less portion allocated to nonvested shares		—			666		707		—
Net (loss) income allocated to common shares	$	(5,904	)	$	35,723	$	59,369	$	(11,372	)
Weighted average common shares outstanding		141,597			140,567		141,571		140,507

Basic and diluted (loss) earnings per common share	$	(0.04	)	$	0.25	$	0.42	$	(0.08	)

Shares excluded due to being anti-dilutive (weighted-average)		1,665			—		—		2,978