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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Basic and diluted earnings per share
The following summarizes the calculation of basic earnings per share for the three months and six months ended June 30, 2017 and 2016 (in thousands, except per share amounts):
 
Three Months Ended June 30, 2017
 
Three Months Ended June 30, 2016
 
Continuing
Operations
 
Discontinued
Operations
 
Net
 
Continuing
Operations
 
Discontinued
Operations
 
Net
Income (loss)
$
9,611

 
$

 
$
9,611

 
$
10,789

 
$
(2
)
 
$
10,787

less: Income attributable to noncontrolling interests

 

 

 
1,922

 

 
1,922

Net income (loss) attributable to SemGroup
$
9,611

 
$

 
$
9,611

 
$
8,867

 
$
(2
)
 
$
8,865

Weighted average common stock outstanding
65,749

 
65,749

 
65,749

 
45,236

 
45,236

 
45,236

Basic earnings per share
$
0.15

 
$

 
$
0.15

 
$
0.20

 
$

 
$
0.20

 
Six Months Ended June 30, 2017
 
Six Months Ended June 30, 2016
 
Continuing
Operations
 
Discontinued
Operations
 
Net
 
Continuing
Operations
 
Discontinued
Operations
 
Net
Income (loss)
$
(666
)
 
$

 
$
(666
)
 
$
5,898

 
$
(4
)
 
$
5,894

less: Income attributable to noncontrolling interests

 

 

 
10,942

 

 
10,942

Net loss attributable to SemGroup
$
(666
)
 
$

 
$
(666
)
 
$
(5,044
)
 
$
(4
)
 
$
(5,048
)
Weighted average common stock outstanding
65,717

 
65,717

 
65,717

 
44,553

 
44,553

 
44,553

Basic loss per share
$
(0.01
)
 
$

 
$
(0.01
)
 
$
(0.11
)
 
$

 
$
(0.11
)
The following summarizes the calculation of diluted earnings per share for the three months and six months ended June 30, 2017 and 2016 (in thousands, except per share amounts):
 
Three Months Ended June 30, 2017
 
Three Months Ended June 30, 2016
 
Continuing
Operations
 
Discontinued
Operations
 
Net
 
Continuing
Operations
 
Discontinued
Operations
 
Net
Income (loss)
$
9,611

 
$

 
$
9,611

 
$
10,789

 
$
(2
)
 
$
10,787

less: Income attributable to noncontrolling interests

 

 

 
1,922

 

 
1,922

Net income (loss) attributable to SemGroup
$
9,611

 
$

 
$
9,611

 
$
8,867

 
$
(2
)
 
$
8,865

Weighted average common stock outstanding
65,749

 
65,749

 
65,749

 
45,236

 
45,236

 
45,236

Effect of dilutive securities
528

 
528

 
528

 
411

 
411

 
411

Diluted weighted average common stock outstanding
66,277

 
66,277

 
66,277

 
45,647

 
45,647

 
45,647

Diluted earnings per share
$
0.15

 
$

 
$
0.15

 
$
0.19

 
$

 
$
0.19

 
Six Months Ended June 30, 2017
 
Six Months Ended June 30, 2016
 
Continuing
Operations
 
Discontinued
Operations
 
Net
 
Continuing
Operations
 
Discontinued
Operations
 
Net
Income (loss)
$
(666
)
 
$

 
$
(666
)
 
$
5,898

 
$
(4
)
 
$
5,894

less: Income attributable to noncontrolling interests

 

 

 
10,942

 

 
10,942

Net loss attributable to SemGroup
$
(666
)
 
$

 
$
(666
)
 
$
(5,044
)
 
$
(4
)
 
$
(5,048
)
Weighted average common stock outstanding
65,717

 
65,717

 
65,717

 
44,553

 
44,553

 
44,553

Effect of dilutive securities

 

 

 

 

 

Diluted weighted average common stock outstanding
65,717

 
65,717

 
65,717

 
44,553

 
44,553

 
44,553

Diluted loss per share
$
(0.01
)
 
$

 
$
(0.01
)
 
$
(0.11
)
 
$

 
$
(0.11
)