4. Earnings Per Share

A reconciliation of the numerators and the denominators of our basic and diluted per-share computations is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(In thousands, except per share data)
Net income (loss) – basic and diluted numerator	$	10,799	$	13,927	$	50,287	$	(488,585	)

Weighted average shares – basic (denominator):		137,227		137,170		137,208		137,167
Dilutive effect of stock-based awards		14		84		29		—

Weighted average shares including conversions – diluted (denominator)		137,241		137,254		137,237		137,167

Earnings (loss) per share:
Basic	$	0.08	$	0.10	$	0.37	$	(3.56	)

Diluted	$	0.08	$	0.10	$	0.37	$	(3.56	)

The following table sets forth the share effects of stock-based awards excluded from our computations of diluted earnings per share, or EPS, for the periods presented:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(In thousands)
Employee and director:
Stock options		—		6		1		8
Stock appreciation rights		1,297		1,469		1,330		1,519
Restricted stock units		1,061		423		977		687