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EARNINGS (LOSS) PER SHARE (Tables)
12 Months Ended
Dec. 31, 2018
EARNINGS (LOSS) PER SHARE  
EARNINGS (LOSS) PER SHARE

 

 

 

 

 

 

 

 

 

Years ended December 31, 

(Number of common shares in thousands)

    

2018

    

2017

Basic weighted average shares outstanding:

 

1,249,495

 

1,246,619

Weighted average shares dilution adjustments:

 

  

 

  

Stock options

 

 —

 

1,606

Restricted shares

 

 —

 

3,905

Restricted performance shares

 

 —

 

4,915

Diluted weighted average shares outstanding

 

1,249,495

 

1,257,045

 

 

 

 

 

Weighted average shares dilution adjustments - exclusions: (a)

 

  

 

  

Stock options (b)

 

8,819

 

7,199

Restricted shares

 

2,777

 

 —

Restricted performance shares

 

4,708

 

 —

 

(a)

These adjustments were excluded, as they are anti-dilutive.

(b)

Anti-dilutive stock options were determined using the Company’s average share price for the year. For the years ended December 31, 2018 and 2017, the average share price used was $3.44 and $4.00, respectively.