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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Reconciliation of Components of Basic and Diluted Net Income Per Common Share

The following table provides a reconciliation of components of basic and diluted net income per common share:

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(Share amounts in 000's)

 

Net income (loss)

 

$

57,105

 

 

$

(20,555

)

 

$

97,780

 

 

$

26,933

 

Weighted average common shares outstanding - basic

 

 

197,514

 

 

 

197,054

 

 

 

197,449

 

 

 

196,803

 

Effect of dilutive instruments

 

 

555

 

 

 

 

 

 

640

 

 

 

 

Weighted average common shares outstanding - diluted

 

 

198,069

 

 

 

197,054

 

 

 

198,089

 

 

 

196,803

 

Net income (loss) per common share - basic

 

$

0.29

 

 

$

(0.10

)

 

$

0.50

 

 

$

0.14

 

Net income (loss) per common share - fully diluted

 

$

0.29

 

 

$

(0.10

)

 

$

0.49

 

 

$

0.14

 

Number of contingently issuable shares, including warrants, that are not included in the diluted earnings per share denominator as the performance or market criteria have not been met

 

 

20,218

 

 

 

2,636

 

 

 

20,109

 

 

 

2,636