Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Earnings (Loss) Per Share

v3.19.2
Note 11 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
11.
Earnings (Loss) Per Share
 
The following table presents the calculation of basic and diluted earnings (loss) per common share (in thousands, except per share amounts):
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2019
   
2018
   
2019
   
2018
 
Net income (loss)
  $
36,389
    $
36,083
    $
(11,372
)   $
63,723
 
Less portion allocated to nonvested shares
   
666
     
1,474
     
     
2,621
 
Net income (loss) allocated to common shares
  $
35,723
    $
34,609
    $
(11,372
)   $
61,102
 
Weighted average common shares outstanding
   
140,567
     
138,929
     
140,507
     
138,892
 
                                 
Basic and diluted earnings (loss) per common share
  $
0.25
    $
0.25
    $
(0.08
)   $
0.44
 
                                 
Shares excluded due to being anti-dilutive (weighted-average)
   
     
     
2,978