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Earnings Per Share
6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Earnings Per Share
EARNINGS PER SHARE:

Basic earnings per share are computed by dividing net income attributable to CNX shareholders by the weighted average shares outstanding during the reporting period. Dilutive earnings per share are computed similarly to basic earnings per share, except that the weighted average shares outstanding are increased to include additional shares from stock options, performance stock options, restricted stock units and performance share units, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and performance share options were exercised, that outstanding restricted stock units and performance share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. CNX Midstream Partners LP's (CNXM) dilutive units did not have a material impact on the Company's earnings per share calculations for the period from January 3, 2018 through June 30, 2018.

The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be antidilutive:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Antidilutive Options
2,300,785

 
2,360,197

 
2,300,785

 
2,360,197

Antidilutive Restricted Stock Units

 
194,071

 
7,828

 
190,658

Antidilutive Performance Share Units

 
1,284,924

 
178,189

 
1,284,924

Antidilutive Performance Stock Options
927,268

 
802,804

 
927,268

 
802,804

 
3,228,053

 
4,641,996

 
3,414,070

 
4,638,583





The table below sets forth the share-based awards that have been exercised or released:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Options
73,583

 
28,838

 
227,301

 
90,462

Restricted Stock Units
7,260

 
221

 
178,397

 
334,261

Performance Share Units

 

 
357,597

 
560,936

 
80,843

 
29,059

 
763,295

 
985,659


The computations for basic and dilutive earnings per share are as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Income from Continuing Operations
$
61,394

 
$
121,807

 
$
606,940

 
$
30,801

      Less: Net Income Attributable to Non-Controlling Interest
19,380

 

 
37,363

 

Net Income from Continuing Operations Attributable to CNX Resources Shareholders
$
42,014

 
$
121,807

 
$
569,577

 
$
30,801

Income from Discontinued Operations

 
47,703

 

 
99,743

Net Income Attributable to CNX Resources Shareholders
$
42,014

 
$
169,510

 
$
569,577

 
$
130,544

 
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding
215,991,490

 
230,058,422

 
218,944,422

 
229,938,462

Effect of dilutive shares
2,938,470

 
2,139,974

 
2,701,442

 
2,286,571

Weighted-average diluted shares of common stock outstanding
218,929,960

 
232,198,396

 
221,645,864

 
232,225,033

 
 
 
 
 
 
 
 
Earnings per Share:
 
 
 
 
 
 
 
Basic (Continuing Operations)
$
0.19

 
$
0.53

 
$
2.60

 
$
0.13

Basic (Discontinued Operations)

 
0.21

 

 
0.44

Total Basic
$
0.19

 
$
0.74

 
$
2.60

 
$
0.57

 
 
 
 
 
 
 
 
Dilutive (Continuing Operations)
$
0.19

 
$
0.52

 
$
2.57

 
$
0.13

Dilutive (Discontinued Operations)

 
0.21

 

 
0.43

Total Dilutive
$
0.19

 
$
0.73

 
$
2.57

 
$
0.56