Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings per Share

Note 10. Earnings 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,
	2020			2019
Net loss	$	(367,199	)	$	(31,477	)
Less: Net income allocated to participating restricted stockholders		—			—
Basic and diluted earnings available to common stockholders	$	(367,199	)	$	(31,477	)
Common shares/units:
Common shares outstanding — basic		37,568			22,179
Dilutive effect of potential common shares		—			—
Common shares outstanding — diluted		37,568			22,179
Net earnings per share:
Basic	$	(9.77	)	$	(1.42	)
Diluted	$	(9.77	)	$	(1.42	)
Antidilutive warrants (1)		9,154			2,174

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