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Earnings Per Share (Tables)
9 Months Ended
Sep. 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 (loss) 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 Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(Amounts in thousands, except per share amounts)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

37,531

 

 

$

(10,214

)

 

$

3,829

 

 

$

93,174

 

Earnings allocated to unvested participating securities

 

 

(27

)

 

 

(13

)

 

 

(63

)

 

 

(86

)

Numerator for income (loss) per common share - basic

   and diluted

 

$

37,504

 

 

$

(10,227

)

 

$

3,766

 

 

$

93,088

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income (loss) per common share -

   weighted average shares

 

 

240,448

 

 

 

239,446

 

 

 

240,366

 

 

 

235,151

 

Effect of dilutive stock-based compensation plans (1)

 

 

41

 

 

 

-

 

 

 

25

 

 

 

27

 

Denominator for diluted income (loss) per common

   share - weighted average shares

 

 

240,489

 

 

 

239,446

 

 

 

240,391

 

 

 

235,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share - basic and diluted

 

$

0.16

 

 

$

(0.04

)

 

$

0.02

 

 

$

0.40

 

 

 

 

(1)

The effect of dilutive securities excludes 27,322 and 27,911 weighted average share equivalents for the three months ended September 30, 2018 and 2017, respectively, and 26,452 and 32,036 weighted average share equivalents for the nine months ended September 30, 2018 and 2017, respectively, as their effect was anti-dilutive.