Earnings Per Share

6 Months Ended

Jun. 30, 2019

The following is a reconciliation of net (loss)/income per share:



	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2019			2018			2019			2018
(in thousands, except per share amounts)
Numerator for basic and diluted net (loss)/income per share:
Net (loss)/income from continuing operations	$	(5,524	)	$	58,532		$	(3,791	)	$	86,894
Loss from discontinued operations, net of tax	(48		)	(16		)	(94		)	(91		)
Net (loss)/income	$	(5,572	)	$	58,516		$	(3,885	)	$	86,803
Denominator:
Weighted-average shares for basic (loss)/income per share	80,473			81,284			80,326			81,269
Dilutive effect of stock options and restricted stock units	—			1,156			—			1,416
Weighted-average shares for diluted (loss)/income per share	80,473			82,440			80,326			82,685
(Loss)/Income per share
Basic:
Net (loss)/income from continuing operations	$	(0.07	)	$	0.72		$	(0.05	)	$	1.07
Loss from discontinued operations, net of tax	—			—			—			—
Net (loss)/income	$	(0.07	)	$	0.72		$	(0.05	)	$	1.07
Diluted:
Net (loss)/income from continuing operations	$	(0.07	)	$	0.71		$	(0.05	)	$	1.05
Loss from discontinued operations, net of tax	—			—			—			—
Net (loss)/income	$	(0.07	)	$	0.71		$	(0.05	)	$	1.05

The dilutive effect of share-based compensation awards has been calculated using the treasury-stock method. Given our net loss position for the three and six months ended June 30, 2019 basic and diluted shares are the same, as the assumed exercise of stock options and restricted stock are anti-dilutive. For both the three and six months ended June 30, 2018, respectively, an aggregate of less than 0.1 million of RSUs and PBRSUs, were excluded from the weighted-average diluted common shares outstanding due to their anti-dilutive effect.