Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

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					For the Six Months Ended
	June 30,					June 30,
	2020			2019		2020			2019
Net loss	$	(41,336	)	$	18,641	$	(408,535	)	$	(12,836	)
Less: Net income allocated to participating restricted stockholders		—			728		—			—
Basic and diluted earnings available to common stockholders	$	(41,336	)	$	17,913	$	(408,535	)	$	(12,836	)
Common shares/units:
Common shares outstanding — basic		37,595			22,267		37,582			22,233
Dilutive effect of potential common shares		—			—		—			—
Common shares outstanding — diluted		37,595			22,267		37,582			22,233
Net earnings per share:
Basic	$	(1.10	)	$	0.80	$	(10.87	)	$	(0.58	)
Diluted	$	(1.10	)	$	0.80	$	(10.87	)	$	(0.58	)
Antidilutive warrants (1)		2,174			2,174		2,174			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.