Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2020

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in thousands, except per-share amounts)
Numerator
Net income (loss)	$	(99,140)	$	83,464	$	(271,396)	$	254,041
Denominator
Weighted-average shares outstanding, basic	92,731		68,442		80,330		68,421
Effect of dilutive stock awards	—		103		—		140
Adjusted weighted-average shares outstanding, diluted	92,731		68,545		80,330		68,561
Earnings (loss) per share
Basic earnings (loss) per common share	$	(1.07)	$	1.22	$	(3.38)	$	3.71
Diluted earnings (loss) per common share	$	(1.07)	$	1.22	$	(3.38)	$	3.71

Anti-dilutive weighted-average shares	3,711		136		1,748		141