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Earnings Per Share
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Information related to the calculation of earnings per share attributable to Unit Corporation follows:
 
 
Earnings
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
 
(In thousands except per share amounts)
For the three months ended June 30, 2018
 
 
 
 
 
 
Basic earnings attributable to Unit Corporation per common share
 
$
5,788

 
52,050

 
$
0.11

Effect of dilutive stock options and restricted stock
 
—

 
731

 
—

Diluted earnings attributable to Unit Corporation per common share
 
$
5,788

 
52,781

 
$
0.11

For the three months ended June 30, 2017
 
 
 
 
 
 
Basic earnings attributable to Unit Corporation per common share
 
$
9,059

 
51,366

 
$
0.18

Effect of dilutive stock options, restricted stock, and stock appreciation rights (SARs)
 
—

 
578

 
(0.01
)
Diluted earnings attributable to Unit Corporation per common share
 
$
9,059

 
51,944

 
$
0.17



The following table shows the number of stock options and SARs (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:
 
 
Three Months Ended
 
 
June 30,
 
 
2018
 
2017
Stock options and SARs
 
66,500

 
178,755

Average exercise price
 
$
44.42

 
$
47.75



 
 
Earnings (Loss)
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
 
(In thousands except per share amounts)
For the six months ended June 30, 2018
 
 
 
 
 
 
Basic earnings attributable to Unit Corporation per common share
 
$
13,653

 
51,891

 
$
0.26

Effect of dilutive stock options and restricted stock
 
—

 
651

 
—

Diluted earnings attributable to Unit Corporation per common share
 
$
13,653

 
52,542

 
$
0.26

For the six months ended June 30, 2017
 
 
 
 
 
 
Basic earnings attributable to Unit Corporation per common share
 
$
24,988

 
50,832

 
$
0.49

Effect of dilutive stock options, restricted stock, and SARs
 
—

 
539

 
—

Diluted earnings attributable to Unit Corporation per common share
 
$
24,988

 
51,371

 
$
0.49



The following table shows the number of stock options and SARs (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:
 
 
Six Months Ended
 
 
June 30,
 
 
2018
 
2017
Stock options and SARs
 
66,500

 
178,755

Average exercise price
 
$
44.42

 
$
47.75