Income (Loss) Per Share

6 Months Ended

Jun. 30, 2020

Note 9 — Income (Loss) Per Share

Basic earnings per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Except when the effect would be antidilutive, diluted earnings per common share includes the impact of RSUs, PSUs and outstanding warrants.

The following table presents the computation of the Company’s basic and diluted income (loss) per share were as follows (in thousands, except for the per share amounts):

	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020		2019
Net income (loss)	$	(140,611	)	$	94,764	$	17,138	$	(14,872	)
Weighted average common shares outstanding — basic		65,807			54,178		62,023		54,167

Dilutive effect of securities		—			273		295		—
Weighted average common shares outstanding — diluted		65,807			54,451		62,318		54,167
Net income (loss) per common share:
Basic	$	(2.14	)	$	1.75	$	0.28	$	(0.27	)
Diluted	$	(2.14	)	$	1.74	$	0.28	$	(0.27	)
Anti-dilutive potentially issuable securities excluded from diluted common shares		5,106			3,857		4,732		4,739