(Loss) Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2018

Calculation of Weighted Average Common Shares Outstanding Used in Computation of Diluted (Loss) Earnings Per Share

The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted (loss) earnings per share:


	Net (Loss) Income		Weighted Average Shares	(Loss) Earnings Per Share
	(In thousands, except per share amounts)
Three Months Ended June 30, 2018
Basic loss per share	$	(34,074)	35,017	$	(0.97)
Effect of dilutive securities
Restricted stock awards(1)	—		—
Performance share units(2)	—		—
Warrants(3)	—		—
Diluted loss per share	$	(34,074)	35,017	$	(0.97)
Three Months Ended June 30, 2017
Basic earnings per share	$	23,499	34,076	$	0.69
Effect of dilutive securities
Restricted stock awards	—		55
Performance share units	—		7
Warrants(3)	—		—
Diluted earnings per share	$	23,499	34,138	$	0.69
Six Months Ended June 30, 2018
Basic loss per share	$	(74,968)	34,800	$	(2.15)
Effect of dilutive securities
Restricted stock awards(4)	—		—
Performance share units(2)	—		—
Warrants(3)	—		—
Diluted loss per share	$	(74,968)	34,800	$	(2.15)
Six Months Ended June 30, 2017
Basic earnings per share	$	74,307	30,458	$	2.44
Effect of dilutive securities
Restricted stock awards	—		192
Performance share units(5)	—		—
Warrants(3)	—		—
Diluted earnings per share	$	74,307	30,650	$	2.42

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1. No incremental shares of potentially dilutive restricted stock awards were included for the three month period ended June 30, 2018, as their effect was antidilutive under the treasury stock method.

2. Performance share units covering an insignificant amount of shares for the three and six-month periods ended June 30, 2018, were excluded from the computation of loss per share because their effect would have been antidilutive.

3. No incremental shares of potentially dilutive warrants were included for the three and six-month periods ended June 30, 2018, or 2017, as their effect was antidilutive.

4. Restricted stock awards covering an insignificant amount of shares for the six-month period ended June 30, 2018, were excluded from the computation of loss per share because their effect would have been antidilutive.

5. No incremental shares of potentially dilutive performance share units were included for the six-month period ended June 30, 2017, as their effect was antidilutive under the treasury stock method.