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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Summary of Computation of Earnings Per Share

The following table provides a summary of net income and the number of common shares used in the computation of basic and diluted income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Amounts in thousands, except per share amounts)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to common stockholders

 

$

(34,816

)

 

$

103,016

 

 

$

(33,702

)

 

$

103,388

 

Earnings allocated to unvested participating securities

 

 

(18

)

 

 

(59

)

 

 

(36

)

 

 

(73

)

Numerator for (loss) income per common share - basic

   and diluted

 

$

(34,834

)

 

$

102,957

 

 

$

(33,738

)

 

$

103,315

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic (loss) income per common share -

   weighted average shares

 

 

240,336

 

 

 

234,990

 

 

 

240,324

 

 

 

232,969

 

Effect of dilutive stock-based compensation plans (1)

 

 

-

 

 

 

20

 

 

 

-

 

 

 

27

 

Denominator for diluted (loss) income per common

   share - weighted average shares

 

 

240,336

 

 

 

235,010

 

 

 

240,324

 

 

 

232,996

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income per common share - basic and diluted

 

$

(0.14

)

 

$

0.44

 

 

$

(0.14

)

 

$

0.44

 

 

 

 

(1)

The effect of dilutive securities for the three months ended June 30, 2018 and 2017 excludes 27,846  and 32,317 weighted average share equivalents, respectively, and 27,730 and 34,147 weighted average share equivalents for the six months ended June 30, 2018 and 2017, respectively, as their effect was anti-dilutive.