NOTE 11: EARNINGS (LOSS) PER SHARE

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2018 and 2017:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2018			2017			2018			2017
Income (loss)	$	(57,023	)	$	(116,884	)	$	(84,728	)	$	(138,423	)
(Income) loss allocated to preferred shares		6,861			(8,817	)		472			(17,343	)
(Income) loss allocated to noncontrolling interests		—			(56	)		—			(76	)
Net income (loss) allocable to common shares		(50,162	)		(125,757	)		(84,256	)		(155,842	)
Weighted-average shares outstanding—Basic		91,991,289			91,453,415			91,933,302			91,377,508
Dilutive securities		—			—			—			—
Weighted-average shares outstanding—Diluted		91,991,289			91,453,415			91,933,302			91,377,508
Earnings (loss) per share—Basic:
Earnings (loss) per share—Basic	$	(0.55	)	$	(1.38	)	$	(0.92	)	$	(1.71	)
Earnings (loss) per share—Diluted:
Earnings (loss) per share—Diluted	$	(0.55	)	$	(1.38	)	$	(0.92	)	$	(1.71	)

For the three and six months ended June 30, 2018, securities convertible into 8,175,121 and 8,353,773 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive. For the three and six months ended June 30, 2017, securities convertible into 27,290,962 and 27,349,674 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive.