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(Loss) Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Computation of Basic and Diluted (Loss) Earnings Per Share

The computations of the Company’s basic and diluted (loss) earnings per share are set forth below (in thousands, except per share amounts):

	Year Ended December 31,
	2019			2018		2017 ⁽¹⁾
Net (loss) income	$	(445,324	)	$	38,809	$	224,443
Basic weighted-average common shares outstanding		66,995			70,318		71,661
Effect of dilutive stock-based compensation awards ⁽²⁾		—			229		66
Diluted weighted-average common shares outstanding		66,995			70,547		71,727
(Loss) earnings per share, basic	$	(6.65	)	$	0.55	$	3.13
(Loss) earnings per share, diluted		(6.65	)		0.55		3.13

(1)

As of the Separation date of May 31, 2017, the total shares outstanding were 71.6 million. For the year ended December 31, 2017, the calculation of both basic and diluted earnings per share includes the 71.6 million shares as the shares outstanding during the period of January 1, 2017 through May 31, 2017.

(2)	If the Company had been in a net income position, 0.8 million potential common shares would have been included from diluted weighted-average common shares outstanding for the year ended December 31, 2019 as their inclusion would have had an anti-dilutive effect.