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EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2019
EARNINGS PER COMMON SHARE  
Schedule of calculation of earnings (loss) per share

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, 

 

    

2019

    

2018

    

2019

    

2018

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(63,284)

 

$

(81,837)

 

$

(1,040,687)

 

$

(100,709)

Weighted average basic number of common shares outstanding

 

 

 159,143

 

 

 158,011

 

 

 158,916

 

 

 156,628

Basic net income (loss) per share of common stock

 

$

(0.40)

 

$

(0.52)

 

$

(6.55)

 

$

(0.64)

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(63,284)

 

$

(81,837)

 

$

(1,040,687)

 

$

(100,709)

Weighted average basic number of common shares outstanding

 

 

 159,143

 

 

 158,011

 

 

 158,916

 

 

 156,628

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

 

 

Anti-dilutive

Weighted average diluted number of common shares outstanding

 

 

159,143

 

 

158,011

 

 

158,916

 

 

156,628

Diluted net income (loss) per share of common stock

 

$

(0.40)

 

$

(0.52)

 

$

(6.55)

 

$

(0.64)