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Net (Loss) Income Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Reconciliation of Net (Loss) Income Per Common Share
A reconciliation of Net (loss) income per common share is as follows:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(In thousands, except per share amounts)
 
2020
 
2019
 
2020
 
2019
Net (loss) income attributable to Earthstone Energy, Inc.
 
$
(16,339
)
 
$
8,777

 
$
369

 
$
(8,427
)
 
 
 
 
 
 
 
 
 
Net (loss) income per common share attributable to Earthstone Energy, Inc.:
 
 
 
 
 
 
 
 
Basic
 
$
(0.55
)
 
$
0.30

 
$
0.01

 
$
(0.29
)
Diluted
 
$
(0.55
)
 
$
0.30

 
$
0.01

 
$
(0.29
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
 
 
 
 
 
 
Basic
 
29,858,162

 
28,895,893

 
29,677,795

 
28,808,205

Add potentially dilutive securities:
 
 
 
 
 
 
 
 
Unvested restricted stock units (1)
 
—

 
—

 
—

 
—

Unvested performance units (1)
 
—

 
332,993

 
—

 
—

Diluted weighted average common shares outstanding
 
29,858,162

 
29,228,886

 
29,677,795

 
28,808,205

 
 
 
 
 
 
 
 
 

(1)For the three and six months ended June 30, 2020, the Company had no dilutive effect related to unvested restricted stock units or performance units as, under the treasury stock method, the proceeds from the average unrecognized expense for both during the period were in excess of the weighted average outstanding fair value for the unvested shares for the same period. For the six months ended June 30, 2019, the Company excluded 348,224 shares for the dilutive effect of performance units in calculating diluted earnings per share as the effect was anti-dilutive due to the net loss incurred the period.