Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2019

The following table sets forth the computation of earnings (loss) per common share and earnings (loss) per common share - assuming dilution:



	Three Months Ended March 31,
	2019			2018
	(Dollars in thousands, except per share data)
Numerator:
Net income (loss) - numerator for earnings (loss) per common share	$	(30,010	)	$	140,962

Denominator:
Weighted average common shares outstanding	90,883,254			90,017,166
Effect of dilutive securities:
Stock options and deferred compensation agreements	455,001			850,292
Restricted stock and restricted stock units	405,504			271,890
Denominator for earnings (loss) per common share - assuming dilution	91,743,759			91,139,348

Earnings (loss) per common share	$	(0.33	)	$	1.57
Earnings (loss) per common share - assuming dilution	$	(0.33	)	$	1.55

There were no options to purchase shares of our common stock outstanding excluded from the computation of diluted earnings (loss) per share during the three months ended March 31, 2019 or 2018, as the exercise price of all options outstanding was less than the average market price of our common shares for those periods.