Earnings (Loss) Per Share
Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the table below (in thousands, except per share data):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2018 |
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2017 |
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2018 |
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2017 |
Basic earnings (loss) per share: |
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Allocation of earnings: |
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Net income (loss) |
$ |
42,700 |
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$ |
(1,170 |
) |
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$ |
98,246 |
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$ |
(6,151 |
) |
Weighted average common shares outstanding |
44,737 |
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39,500 |
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44,700 |
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38,506 |
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Basic earnings (loss) per share |
$ |
0.95 |
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$ |
(0.03 |
) |
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$ |
2.20 |
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$ |
(0.16 |
) |
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Diluted earnings (loss) per share: |
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Allocation of earnings (loss): |
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Net income (loss) |
$ |
42,700 |
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$ |
(1,170 |
) |
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$ |
98,246 |
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$ |
(6,151 |
) |
Weighted average common shares, including dilutive effect (a)
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45,059 |
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39,500 |
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44,977 |
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38,506 |
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Diluted earnings (loss) per share |
$ |
0.95 |
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$ |
(0.03 |
) |
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$ |
2.18 |
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$ |
(0.16 |
) |
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a. |
No incremental shares of potentially dilutive restricted stock awards were included for the three and six months ended June 30, 2017 as their effect was antidulitive under the treasury stock method.
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