Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2018

Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Common Share Computations

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Basic:
Net (loss) income	$	(9,770	)	$	(14,879	)	$	(20,479	)	$	33,446
Weighted average common shares outstanding		59,400,317			55,388,774			58,735,351			54,949,901

Basic (loss) income per common share	$	(0.16	)	$	(0.27	)	$	(0.35	)	$	0.61

Diluted:
Effect of dilutive securities:
Net (loss) income	$	(9,770	)	$	(14,879	)	$	(20,479	)	$	33,446

Weighted average common shares outstanding		59,400,317			55,388,774			58,735,351			54,949,901
Effect of dilutive options and warrants		—			—			—			886,868

Diluted weighted average common shares outstanding		59,400,317			55,388,774			58,735,351			55,836,769

Diluted (loss) income per common share	$	(0.16	)	$	(0.27	)	$	(0.35	)	$	0.60