The following table provides a reconciliation of the numerators and denominators of our basic and diluted earnings per share (dollars in thousands, except per-share amounts).

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Income (numerator):
Net loss – basic	$	(4,261	)	$	(8,512	)	$	(20,779	)	$	(158,176	)

Weighted average shares (denominator):
Weighted average shares – basic		94,486,395			86,501,242			94,527,831			81,142,672
Dilution effect of share-based compensation, treasury method (1)		—			—			—			—
Weighted average shares – diluted		94,486,395			86,501,242			94,527,831			81,142,672

Net loss per share:
Basic	$	(0.05	)	$	(0.10	)	$	(0.22	)	$	(1.95	)
Diluted	$	(0.05	)	$	(0.10	)	$	(0.22	)	$	(1.95	)

(1)	Approximately 39,000 options to purchase our common stock were excluded from this calculation because they were antidilutive for the three and nine months ended September 30, 2017. No options were outstanding as of September 30, 2018, as they had expired.