Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted (Loss) Earnings Per Common 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