Income (Loss) Per Share

12 Months Ended

Dec. 31, 2017

INCOME (LOSS) PER SHARE

The following is a reconciliation of the common shares outstanding with the number of shares used in the computation of income (loss) per common and common equivalent share for each of the following periods:



	Year Ended December 31,
	2017	2016	2015
	(In Thousands)
Number of weighted average common shares outstanding	114,499	87,286	79,169
Assumed exercise of stock awards	—	—	—
Average diluted shares outstanding	114,499	87,286	79,169

For the years ended December 31, 2015, 2016 and 2017, the average diluted shares outstanding excludes the impact of all outstanding stock awards and stock warrants, as the inclusion of these shares would have been antidilutive due to net loss recorded during the year. In addition, for the years ended December 31, 2016 and 2017, the calculation of diluted earnings per common share excludes the impact of the CCLP Preferred Units, as the inclusion of the impact from conversion of the CCLP Preferred Units into CCLP common units would have been antidilutive.