Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2019

The following table sets forth the computation of earnings (loss) per common share and earnings (loss) per common share - assuming dilution:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019			2018
	(Dollars in thousands, except per share data)
Numerator:
Net income (loss) - numerator for earnings (loss) per common share	$	18,590	$	93,903	$	(11,420	)	$	234,865

Denominator:
Weighted average common shares outstanding	91,103,151		90,326,747		90,993,810			90,172,812
Effect of dilutive securities:
Stock options and deferred compensation agreements	333,780		696,007		394,390			773,149
Restricted stock and restricted stock units	348,292		248,094		376,898			259,992
Denominator for earnings (loss) per common share - assuming dilution	91,785,223		91,270,848		91,765,098			91,205,953

Earnings (loss) per common share	$	0.20	$	1.04	$	(0.13	)	$	2.60
Earnings (loss) per common share - assuming dilution	$	0.20	$	1.03	$	(0.13	)	$	2.58

There were no options to purchase shares of our common stock outstanding excluded from the computation of diluted earnings (loss) per share during the three and six months ended June 30, 2019 or 2018, as the exercise price of all options outstanding was less than the average market price of our common shares for those periods.