Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Equity and Earnings Per Common Share

Schedule of weighted average shares outstanding

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2018		2019		2018		2019
Basic weighted average number of shares outstanding		186,208		506,419		186,199		423,296
Add: Dilutive effect of restricted stock units		—		—		—		—
Add: Dilutive effect of Series A preferred stock		—		—		—		—
Diluted weighted average number of shares outstanding		186,208		506,419		186,199		423,296
Weighted average number of oustanding equity awards excluded from calculation of diluted earnings per common share(1):
Restricted stock units		—		34		—		64
Preferred shares		—		1,351		—		1,351

⁽¹⁾ The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common shares—assuming dilution because the inclusion of these awards would have been anti-dilutive.

Schedule of earnings per common share

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2018		2019		2018		2019
Net income (loss)	$	18,028		(289,477)	$	45,220		(210,555)
Less net income attributable to Series B Units		(598)		—		(1,517)		—
Less preferred stock dividends		—		(138)		—		(304)
Net income (loss) available to common shareholders	$	17,430		(289,615)	$	43,703		(210,859)
Net income (loss) per share–basic and diluted	$	0.09		(0.57)	$	0.23		(0.50)
Weighted average common shares outstanding–basic		186,208		506,419		186,199		423,296
Weighted average common shares outstanding–diluted		186,208		506,419		186,199		423,296