Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.1
Earnings Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

9.  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

 

 

March 31,

 

 

2019

 

 

2018

 

Net (loss) income

$

(47,761

)

 

$

27,640

 

Less portion allocated to nonvested shares

 

 

 

 

1,145

 

Net (loss) income allocated to common shares

$

(47,761

)

 

$

26,495

 

 

Weighted average common shares outstanding

 

140,462

 

 

 

138,845

 

 

 

 

 

 

 

 

 

Basic and diluted (loss) earnings  per common share

$

(0.34

)

 

$

0.19

 

 

 

 

 

 

 

 

 

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

 

3,342