Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2020

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands, except per share amounts)
Numerator
Net income (loss)	$	(144,428)	$	114,501	$	(172,256)	$	170,577
Denominator
Weighted-average shares outstanding, basic	79,601		68,439		74,061		68,410
Effect of dilutive stock awards	—		181		—		158
Adjusted weighted-average shares outstanding, diluted	79,601		68,620		74,061		68,568
Earnings (loss) per share
Basic earnings (loss) per common share	$	(1.81)	$	1.67	$	(2.33)	$	2.49
Diluted earnings (loss) per common share	$	(1.81)	$	1.67	$	(2.33)	$	2.49

Anti-dilutive weighted-average shares	565		127		524		143