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

Earnings Per Share

6 Months Ended

Jun. 30, 2021

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,
	2021		2020		2021		2020
Net (loss) income	$	(51,672)	$	(5,904)	$	(52,418)	$	60,076
Less portion allocated to nonvested shares		—		—		—		707
Net (loss) income allocated to common shares	$	(51,672)	$	(5,904)	$	(52,418)	$	59,369
Weighted average common shares outstanding		142,244		141,597		142,197		141,571
Basic and diluted (loss) earnings per common share	$	(0.36)	$	(0.04)	$	(0.37)	$	0.42
Shares excluded due to being anti-dilutive (weighted-average)		880		1,665		899		—