Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2019

Calculation of Earnings (Loss) per Share

The following sets forth the calculation of earnings (loss) per share, or EPS, for the periods indicated (in thousands, except per share amounts):

	For the Three Months Ended
	March 31,
	2019			2018
Net income (loss)	$	(31,477	)	$	3,239
Less: Net income allocated to participating restricted stockholders		—			(83	)
Basic and diluted earnings available to common stockholders	$	(31,477	)	$	3,156

Common shares/units:
Common shares outstanding — basic		22,179			25,000
Dilutive effect of potential common shares		—			—
Common shares outstanding — diluted		22,179			25,000

Net earnings per share:
Basic	$	(1.42	)	$	0.13
Diluted	$	(1.42	)	$	0.13
Antidilutive stock options (1)		—			513
Antidilutive warrants (2)		2,174			2,174

(1)

Amount represents options to purchase common stock that are excluded from the diluted net earnings per share calculations because of their antidilutive effect.

(2)

Amount represents warrants to purchase common stock that are excluded from the diluted net earnings per share calculations because of their antidilutive effect.