EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2018

The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Basic:
Net income (loss) available to common stockholders	$	(16,274	)	$	(27,029	)	$	(18,872	)	$	161,522


Weighted average basic number of common shares outstanding		157,943			143,545			155,925			117,554

Basic net income (loss) per share of common stock	$	(0.10	)	$	(0.19	)	$	(0.12	)	$	1.37


Diluted:
Net income (loss) available to common stockholders	$	(16,274	)	$	(27,029	)	$	(18,872	)	$	161,522


Weighted average basic number of common shares outstanding		157,943			143,545			155,925			117,554
Common stock equivalent shares representing shares issuable upon:
Exercise of stock options		Anti-dilutive			Anti-dilutive			Anti-dilutive			Anti-dilutive
Exercise of warrants		Anti-dilutive			Anti-dilutive			Anti-dilutive			Anti-dilutive
Vesting of restricted shares		Anti-dilutive			Anti-dilutive			Anti-dilutive			655
Conversion of preferred stock		—			Anti-dilutive			—			Anti-dilutive

Weighted average diluted number of common shares outstanding		157,943			143,545			155,925			118,209

Diluted net income (loss) per share of common stock	$	(0.10	)	$	(0.19	)	$	(0.12	)	$	1.37