The following table presents a reconciliation of net income (loss) used in basic and diluted EPS calculations (in thousands, except per share amounts):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Net income (loss) attributable to common stock and participating preferred stockholders	$	152,763		$	(6,670	)	$	171,727		$	(40,453	)
Earnings allocable to common shares:
Numerator for basic and diluted earnings per share
Participating shares at end of period:
Weighted-average common stock outstanding	44,326			43,013			44,175			42,555
Unvested restricted stock	384			—			350			—
Preferred stock (as-converted basis)	4,787			—			4,787			—
Total	49,497			43,013			49,312			42,555

Percentage of loss allocated to:
Common stock	89.6		%	100.0		%	89.6		%	100.0		%
Unvested restricted stock	0.8		%	—		%	0.7		%	—		%
Preferred stock	9.7		%	—		%	9.7		%	—		%

Net Income (loss) attributable to common stock, basic	$	136,804		$	(6,670	)	$	153,838		$	(40,453	)

Distributed and Undistributed earnings to Common Shareholders:
Effect of assumed shares under treasury stock method for stock options and restricted shares	$	397		$	—		$	378		$	—
Income from the dilutive impact of subsidiary securities	—			—			—			—
Net Income (loss) attributable to common stock, diluted	$	137,201		$	(6,670	)	$	154,216		$	(40,453	)

Denominator for basic and dilutive earnings per share
Weighted average common shares outstanding - basic	44,326			43,013			44,175			42,555
Effect of assumed shares under treasury stock method for stock options and restricted shares	1,891			—			1,400			—
Weighted average common shares outstanding - diluted	46,217			43,013			45,575			42,555

Net income (loss) attributable to participating security holders - basic	$	3.09		$	(0.16	)	$	3.48		$	(0.95	)
Net income (loss) attributable to participating security holders - diluted	$	2.97		$	(0.16	)	$	3.38		$	(0.95	)