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EARNINGS PER SHARE (''EPS'') | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
EARNINGS PER SHARE ("EPS") | EARNINGS PER SHARE ("EPS") The computations of basic EPS are based on our weighted average shares outstanding. The basic weighted average number of shares of Common Stock outstanding was 43,791,000 and 43,791,000 for the three months ended June 30, 2019 and 2018, respectively, and 43,793,000 and 43,788,000 for the six months ended June 30, 2019 and 2018, respectively. In order to calculate the diluted weighted average number of shares of Common Stock outstanding for the three and six months ended June 30, 2019, the basic weighted average number of shares of Common Stock outstanding was increased by 2,062,000 and 2,011,000, respectively, to reflect the dilutive effect of our Series A Preferred Stock. The computation of diluted EPS does not include outstanding shares of Series A Preferred Stock for the three and six months ended June 30, 2018 because their impact was deemed to be anti-dilutive. Outstanding Series A Preferred Warrants were not included in the computation of diluted EPS for the three and six months ended June 30, 2019 and 2018 because their impact was either anti-dilutive or such warrants were not exercisable during such periods (Note 11). Outstanding shares of Series L Preferred Stock were not included in the computation of diluted EPS for the three and six months ended June 30, 2019 and 2018 because such shares were not redeemable during such periods. EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding. The following table reconciles the numerator and denominator used in computing our basic and diluted per-share amounts for net income (loss) attributable to common stockholders for the three and six months ended June 30, 2019 and 2018:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
| (in thousands, except per share amounts)
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 48,260 |  |  | $ | (1,876 | ) |  | $ | 335,891 |  |  | $ | (4,902 | )
Redeemable preferred stock dividends declared on dilutive shares | 659 |  |  | — |  |  | 1,151 |  |  | — |
Diluted net income (loss) attributable to common stockholders | $ | 48,919 |  |  | $ | (1,876 | ) |  | $ | 337,042 |  |  | $ | (4,902 | )
Denominator: |  |  |  |  |  |  |
Basic weighted average shares of Common Stock outstanding | 43,791 |  |  | 43,791 |  |  | 43,793 |  |  | 43,788 |
Effect of dilutive securities—contingently issuable shares | 2,062 |  |  | — |  |  | 2,011 |  |  | — |
Diluted weighted average shares and common stock equivalents outstanding | 45,853 |  |  | 43,791 |  |  | 45,804 |  |  | 43,788 |
Net income (loss) attributable to common stockholders per share: |  |  |  |  |  |  |
Basic | $ | 1.10 |  |  | $ | (0.04 | ) |  | $ | 7.67 |  |  | $ | (0.11 | )
Diluted | $ | 1.07 |  |  | $ | (0.04 | ) |  | $ | 7.36 |  |  | $ | (0.11 | )

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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