The following are reconciliations of the numerators and denominators used to compute the Company’s basic and diluted distributed and undistributed earnings per common share as reported for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per share data).



	Year Ended December 31,
	2014		2013		2012
Net income (loss) attributable to Matador Resources Company shareholders — numerator
Net income (loss) attributable to Matador Resources Company shareholders	$	110,771	$	45,094	$	(33,261	)
Less dividends to Class B shareholders — distributed earnings	—		—		(28		)
Undistributed earnings (loss)	$	110,771	$	45,094	$	(33,289	)
Weighted average common shares outstanding — denominator
Basic
Class A	70,229		58,777		53,852
Class B	—		—		105
Total	70,229		58,777		53,957
Diluted
Class A
Weighted average common shares outstanding for basic earnings (loss) per share	70,229		58,777		53,852
Dilutive effect of options and restricted stock units	677		152		—
Class A weighted average common shares outstanding — diluted	70,906		58,929		53,852
Class B
Weighted average common shares outstanding — no associated dilutive shares	—		—		105
Total diluted weighted average common shares outstanding	70,906		58,929		53,957



	Year Ended December 31,
	2014		2013		2012
Earnings (loss) per common share attributable to Matador Resources Company shareholders
Basic
Class A
Distributed earnings	$	—	$	—	$	—
Undistributed earnings (loss)	$	1.58	$	0.77	$	(0.62	)
Total	$	1.58	$	0.77	$	(0.62	)
Class B
Distributed earnings	$	—	$	—	$	0.27
Undistributed earnings (loss)	$	—	$	—	$	(0.62	)
Total	$	—	$	—	$	(0.35	)
Diluted
Class A
Distributed earnings	$	—	$	—	$	—
Undistributed earnings (loss)	$	1.56	$	0.77	$	(0.62	)
Total	$	1.56	$	0.77	$	(0.62	)
Class B
Distributed earnings	$	—	$	—	$	0.27
Undistributed earnings (loss)	$	—	$	—	$	(0.62	)
Total	$	—	$	—	$	(0.35	)