Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

Reconciliation of Numerators and Denominators of Basic and Diluted Loss Per Share Computations

The following table reconciles the numerators and denominators of the basic and diluted loss per share computations (in thousands, except per share data).


	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017		2016
Basic:
Net income (loss)	$	(11,951	)	$	(15,977	)	$	21,495	$	(51,196	)
Weighted average common shares outstanding		55,604,708			53,767,099			55,170,569		53,531,770

Basic income (loss) per common share	$	(0.21	)	$	(0.30	)	$	0.39	$	(0.96	)

Diluted:
Effect of dilutive securities:
Net income (loss)	$	(11,951	)	$	(15,977	)	$	21,495	$	(51,196	)

Weighted average common shares outstanding		55,604,708			53,767,099			55,170,569		53,531,770
Effect of dilutive options and warrants		—			—			1,033,789		—

Diluted weighted average common shares outstanding		55,604,708			53,767,099			56,204,358		53,531,770

Diluted income (loss) per common share	$	(0.21	)	$	(0.30	)	$	0.38	$	(0.96	)