Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings per share

Income (Loss) Per Share

10.      Earnings per Share

Basic earnings per share is calculated by dividing net income attributable to common stockholders by the weighted average shares of common stock outstanding during the period, without consideration for common stock equivalents. The Company excluded 2,704,772 and 989,717 equity awards for the three months ended March 31, 2020 and 2019, respectively as inclusion would be anti-dilutive.

The basic and diluted earnings per share calculations for the three months ended March 31, 2020 and 2019, respectively, are presented below (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2020		2019
Net income (loss)	$	(9,232)	$	5,019
Net income (loss) attributable to noncontrolling interest		(16)		298
Net income (loss) attributable to common stockholders	$	(9,216)	$	4,721
Basic weighted average of outstanding shares of common stock		49,217		48,394
Dilutive effect of equity awards		—		997
Diluted weighted average of outstanding shares of common stock		49,217		49,391
Basic earnings (loss) per share	$	(0.19)	$	0.10
Diluted earnings (loss) per share	$	(0.19)	$	0.10