Earnings (Loss) Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings (loss) per share for the indicated periods:



	Year Ended December 31,
	2019			2018		2017
	(In thousands, except per share data)
Net income (loss) (numerator):
Net income (loss) attributable to common stockholders of Rosehill Resources Inc. - basic	$	(23,349	)	$	26,661	$	(8,520	)
Add: Dividends on Series A Preferred Stock	—			7,938		—
Add: Net income (loss) attributable to the noncontrolling interest, net of taxes	—			47,432		—
Net income (loss) attributable to common stockholders of Rosehill Resources Inc. - diluted	$	(23,349	)	$	82,031	$	(8,520	)

Weighted average shares (denominator):
Weighted average shares – basic	14,475			8,196		5,945
Add: Dilutive effects of Series A Preferred Stock	—			8,495		—
Add: Dilutive effects of Class B Common Stock	—			29,808		—
Weighted average shares – diluted	14,475			46,499		5,945

Basic earnings (loss) per share	$	(1.61	)	$	3.25	$	(1.43	)
Diluted earnings (loss) per share	$	(1.61	)	$	1.76	$	(1.43	)

For the year ended December 31, 2019, the Company excluded a weighted average of 29.6 million shares of Class A Common Stock issuable upon exchange of the Company’s Class B Common Stock, 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, 8.8 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock and 1.5 million shares of Class A Common Stock issuable upon vesting under the Company’s Long-Term Incentive Plan (as amended and restated on May 22, 2018, the “LTIP”) from the computation of diluted earnings per share because the effect of such events was anti-dilutive.

For the year ended December 31, 2018, the Company excluded 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants and 1.0 million shares of Class A Common Stock issuable upon vesting under the Company’s LTIP from the computation of diluted earnings per share because the effect of such events was anti-dilutive.

For the year ended December 31, 2017, the Company excluded 29.8 million shares of Class A Common Stock issuable upon exchange of the Company’s Class B Common Stock, 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, 8.5 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock and 0.7 million shares of Class A Common Stock issuable upon vesting under the Company’s LTIP from the computation of diluted earnings per share because the effect of such events was anti-dilutive.