(Loss) Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2019

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) Earnings		Weighted Average Shares	(Loss) Earnings Per Share

	(In thousands, except per share amounts)
Three Months Ended September 30, 2019
Basic loss per share	$	(181,602)	35,491	$	(5.12)
Effect of dilutive securities
Restricted stock awards(1)	—		—
Performance share units(1)	—		—
Warrants(1)	—		—
Stock options(1)	—		—
Diluted loss per share	$	(181,602)	35,491	$	(5.12)
Three Months Ended September 30, 2018
Basic earnings per share	$	11,715	35,308	$	0.33
Effect of dilutive securities
Restricted stock awards	—		22
Performance share units(2)	—		—
Warrants(2)	—		—
Diluted earnings per share	$	11,715	35,330	$	0.33
Nine Months Ended September 30, 2019
Basic loss per share	$	(200,163)	35,390	$	(5.66)
Effect of dilutive securities
Restricted stock awards(1)	—		—
Performance share units(1)	—		—
Warrants(1)	—		—
Stock options(1)	—		—
Diluted loss per share	$	(200,163)	35,390	$	(5.66)
Nine Months Ended September 30, 2018
Basic loss per share	$	(63,253)	34,971	$	(1.81)
Effect of dilutive securities
Restricted stock awards(3)	—		—
Performance share units(2)	—		—
Warrants(2)	—		—
Diluted loss per share	$	(63,253)	34,971	$	(1.81)

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1.No incremental shares of potentially dilutive restricted stock awards, performance share units, warrants or stock options were included for the three and nine-month periods ended September 30, 2019, as their effect was antidilutive under the treasury stock method.

2.No incremental shares of potentially dilutive performance share units or warrants were included for the three and nine-month periods ended September 30, 2018, as their effect was antidilutive under the treasury stock method.

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