Reconciliation of denominators used to calculate basic and diluted EPS |
The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three and nine months ended September 30, 2019 and 2018 are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | (In thousands, except share and per share data) | 2019 | | 2018 | | 2019 | | 2018 | Net Income (Loss) | $ | 94,381 | | | $ | 18,979 | | | $ | 31,619 | | | $ | (74,603) | | Weighted Average Common Shares Outstanding: | | | | | | | | Weighted Average Common Shares Outstanding – Basic | 396,044,887 | | | 300,517,497 | | | 382,044,068 | | | 188,152,998 | | Plus: Potentially Dilutive Common Shares Including Stock Options and Restricted Stock | 485,880 | | | 1,237,922 | | | 700,236 | | | — | | Weighted Average Common Shares Outstanding – Diluted | 396,530,767 | | | 301,755,419 | | | 382,744,304 | | | 188,152,998 | | | | | | | | | | Net Income (Loss) per Common Share: | | | | | | | | Basic | $ | 0.24 | | | $ | 0.06 | | | $ | 0.08 | | | $ | (0.40) | | Diluted | $ | 0.24 | | | $ | 0.06 | | | $ | 0.08 | | | $ | (0.40) | | | | | | | | | | Shares underlying Restricted Stock Awards and Stock Options Excluded from EPS Due to Anti-Dilutive Effect | 88,209 | | — | | | 40,330 | | 617,429 |
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Supplemental cash flow activity |
The following reflects the Company’s supplemental cash flow information:
| | | | | | | | | | | | | Nine Months Ended September 30, | | | (In thousands) | 2019 | | 2018 | Supplemental Cash Items: | | | | Cash Paid During the Period for Interest | $ | 52,916 | | | $ | 55,849 | | | | | | | | | | Non-cash Operating Activities: | | | | Contingent Consideration Settlements in excess of acquisition-date liabilities | 18,480 | | | — | | | | | | Non-cash Investing Activities: | | | | Oil and Natural Gas Properties Included in Accounts Payable and Accrued Liabilities | 178,772 | | | 108,216 | | Capitalized Asset Retirement Obligations | 3,703 | | | 1,644 | | Compensation Capitalized on Oil and Gas Properties | 296 | | | 250 | | Issuance of Common Stock - Acquisitions of Oil and Natural Gas Properties | 11,708 | | | 105,517 | | Issuance of VEN Bakken Note | 128,660 | | | — | | | | | | Non-cash Financing Activities: | | | | Exchange transactions - non-cash securities issued: | | | | Issuance of 8.50% Second Lien Notes due 2023 | — | | | 344,279 | | Issuance of Common Stock - fair value at issuance date | — | | | 326,783 | | Debt Exchange Derivative Liability - fair value at issuance date | — | | | 19,354 | | Issuance of 8.50% Second Lien Notes due 2023 - PIK Interest | 3,480 | | | — | | Debt Exchange Derivative Liability Settlements | 15,735 | | | — | | Contingent Consideration Settlements | 17,822 | | | — | | Exchange Transactions - non-cash securities exchanged: | | | | | 8.00% Unsecured Senior Notes due 2020 - carrying value | — | | | (590,041) | |
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