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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share
The following is a reconciliation of the basic and diluted earnings per share computation.

Year Ended December 31,

2018
 
2017
 
2016

(In thousands, except per share amounts)
Net income (loss)
$
(95,695
)
 
$
(100,639
)
 
$
93,221

Weighted average basic common shares outstanding
37,075

 
37,457

 
37,537

Effect of dilutive securities - stock options and awards

 

 
130

Total shares and dilutive securities
37,075

 
37,457

 
37,667

Basic earnings (loss) per common share
$
(2.58
)
 
$
(2.69
)
 
$
2.48

Diluted earnings (loss) per common share
$
(2.58
)
 
$
(2.69
)
 
$
2.47

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
For the years ended December 31, 2018, 2017 and 2016, the Company has excluded the following common stock options and awards because their impact on the loss per share is anti-dilutive (in thousands on a weighted average basis):
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(In thousands)
Director stock awards
9

 
8

 
2

Stock options
6

 
21

 

Performance share units
169

 
160

 
64

Restricted stock awards
240

 
186

 
110