Net income per common share is calculated as basic net income per share and diluted net income per share. Basic net income per share excludes dilution and is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income per share is computed in the same manner as basic net income after assuming issuance of common stock for all potentially dilutive equivalent shares, which includes the potential dilution that could occur: (i) if the RSUs with service conditions were fully vested (using the treasury stock method); (ii) if all of the Company’s outstanding stock options that are in-the-money were exercised (using the treasury stock method); (iii) if the RSUs with service and market conditions were considered contingently issuable; (iv) if the RSUs with service and performance conditions were considered contingently issuable and (v) if the Preferred was converted (using the as if converted method, for 2016 only). The Company considered whether the options to purchase Class A common stock in connection with the ESPP were potentially dilutive and concluded there were no dilutive shares as all options are automatically exercised at the balance sheet date.

The Company considered the allocation of undistributed net income for multiple classes of common stock and determined that it was appropriate to allocate undistributed net income between the Company’s Class A and Class B common stock on an equal basis. For purposes of making this determination, the Company’s charter provides that the holders of Class A and Class B common stock have equal rights and privileges except with respect to voting on most other matters where Class B shares voted by Joseph Field or David Field have a 10 to 1 super vote.

			Year Ended December 31,
			2018		2017		2016
			(amounts in thousands, except share and per share data)
			(amounts in thousands, except share and per share data)

Basic Income (Loss) Per Share
	Numerator
		Net income available to the Company - continuing operations	$	(362,587)	$	233,013	$	38,065
		Preferred stock dividends		-		2,015		1,901
		Net income available to common shareholders from
		continuing operations		(362,587)		230,998		36,164
		Income (loss) from discontinued operations, net of tax		1,152		836		-
		Net income (loss) available to common shareholders	$	(361,435)	$	231,834	$	36,164
	Denominator
		Basic weighted average shares outstanding		138,069,608		51,392,899		38,500,495
		Net Income (Loss) Per Common Share - Basic:
		Net income (loss) from continuing operations per share available to common shareholders - Basic	$	(2.63)	$	4.49	$	0.94
		Net income (loss) from discontinued operations per share available to common shareholders - Basic		0.01		0.02		-
		Net income (loss) per share available
		to common shareholders - Basic	$	(2.62)	$	4.51	$	0.94

Diluted Income (Loss) Per Share
	Numerator
		Net income available to the Company - continuing operations	$	(362,587)	$	233,013	$	38,065
		Preferred stock dividends		-		2,015		1,901
		Net income available to common shareholders from
		continuing operations		(362,587)		230,998		36,164
		Income (loss) from discontinued operations, net of tax		1,152		836		-
		Net income (loss) available to common shareholders	$	(361,435)	$	231,834	$	36,164
	Denominator
		Basic weighted average shares outstanding		138,069,608		51,392,899		38,500,495
		Effect of RSUs and options under the treasury stock method		-		1,492,257		1,067,567
		Diluted weighted average shares outstanding		138,069,608		52,885,156		39,568,062
		Net Income (Loss) Per Common Share - Diluted:
		Net income (loss) from continuing operations per share available to common shareholders - Diluted	$	(2.63)	$	4.37	$	0.91
		Net income (loss) from discontinued operations per share available to common shareholders - Diluted		0.01		0.02		-
		Net income (loss) per share available
		to common shareholders - Diluted	$	(2.62)	$	4.38	$	0.91

		Impact Of Equity Awards
		Years Ended December 31,
		2018		2017		2016
		(amounts in thousands, except per share data)
Dilutive or anti-dilutive for all potentially
dilutive equivalent shares		anti-dilutive		dilutive		dilutive
Excluded shares as anti-dilutive under the treasury
stock method:
	Options excluded		564		548		-
	Price range of options excluded: from	$	6.43	$	11.69	$	-
	Price range of options excluded: to	$	13.98	$	13.98	$	-
	RSUs with service conditions		1,394		163		-
Excluded RSUs with service and market conditions
	as market conditions not met		226		336		267
Excluded RSUs with service and performance
	conditions until performance criteria is probable		-		-		-
Excluded preferred stock as anti-dilutive under the as if method			-		-		1,943
Excluded shares as anti-dilutive when reporting a net loss			755		-		-