Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings per Share

Earnings (Loss) per Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

 

	Three Months Ended March 31,
	2019		2018
	(in thousands, except per share amounts)
Numerator
Net income (loss)	$	56,076	$	(44,922	)
Denominator
Weighted-average shares outstanding, basic	68,380		68,222
Effect of dilutive stock awards	136		—
Adjusted weighted-average shares outstanding, diluted	68,516		68,222
Earnings (loss) per share
Basic earnings (loss) per common share	$	0.82	$	(0.66	)
Diluted earnings (loss) per common share	$	0.82	$	(0.66	)
Anti-dilutive weighted-average shares	159		324