Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Information related to the calculation of loss per share attributable to Unit Corporation is as follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the three months ended June 30, 2020
Basic loss attributable to Unit Corporation per common share	$	(215,649)	53,503	$	(4.03)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(215,649)	53,503	$	(4.03)
For the three months ended June 30, 2019
Basic loss attributable to Unit Corporation per common share	$	(8,509)	52,930	$	(0.16)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(8,509)	52,930	$	(0.16)

Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share

The following table shows the number of stock options (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,
	2020		2019
Stock options	28,000		42,000
Average exercise price	$	52.24	$	48.56

Schedule of Earnings Per Share, Basic and Diluted 1


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the six months ended June 30, 2020
Basic loss attributable to Unit Corporation per common share	$	(986,143)	53,317	$	(18.50)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(986,143)	53,317	$	(18.50)
For the six months ended June 30, 2019
Basic loss attributable to Unit Corporation per common share	$	(12,013)	52,744	$	(0.23)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(12,013)	52,744	$	(0.23)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share 1

The following table shows the number of stock options (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,
	2020		2019
Stock options	28,000		42,000
Average exercise price	$	52.24	$	48.56