EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2018

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


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Basic:
Net income (loss) available to common stockholders	$	(81,837)	$	419,287	$	(100,709)	$	580,809
Weighted average basic number of common shares outstanding		158,011		146,944		156,628		127,458
Basic net income (loss) per share of common stock	$	(0.52)	$	2.85	$	(0.64)	$	4.56
Diluted:
Net income (loss) available to common stockholders	$	(81,837)	$	419,287	$	(100,709)	$	580,809
Weighted average basic number of common shares outstanding		158,011		146,944		156,628		127,458
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		1,546		Anti-dilutive		952
Conversion of preferred stock		—		—		—		Anti-dilutive
Weighted average diluted number of common shares outstanding		158,011		148,490		156,628		128,410
Diluted net income (loss) per share of common stock	$	(0.52)	$	2.82	$	(0.64)	$	4.52