Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2020

Computation of Net Income Per Share, Basic and Diluted

The following table sets forth the computation of net income (loss) per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in the table are in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic:
Net income (loss)	$	(29,143)	$	43,929	$	(155,255)	$	171,596
Less income allocated to participating securities	—		(578)		(236)		(2,441)
Net income (loss) attributable to common stock	$	(29,143)	$	43,351	$	(155,491)	$	169,155
Earnings (loss) per share, basic	$	(1.82)	$	2.70	$	(9.75)	$	10.55
Weighted-average shares outstanding	16,006		16,037		15,953		16,037
Diluted:
Net income (loss)	$	(29,143)	$	43,929	$	(155,255)	$	171,596
Less income allocated to participating securities	—		(578)		(236)		(2,440)
Net income (loss) attributable to common stock	$	(29,143)	$	43,351	$	(155,491)	$	169,156
Earnings (loss) per share, diluted	$	(1.82)	$	2.70	$	(9.75)	$	10.54
Weighted-average shares outstanding(1)	16,006		16,037		15,953		16,037