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Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of reconciliation of net income before noncontrolling interest to net income available for common stockholders
The below table contains a reconciliation of net income before noncontrolling interest to net income available for common stockholders:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands)
 
2018
 
2017
 
2018
 
2017
Income (loss) before income taxes and noncontrolling interest
 
$
29,425

 
$
(46,495
)
 
$
547,585

 
$
(17,421
)
Provision for (benefit from) income taxes
 
13,815

 
(6,505
)
 
75,330

 
(2,918
)
Net income
 
15,610

 
(39,990
)
 
472,255

 
(14,503
)
 
 
 
 
 
 
 
 
 
Noncontrolling interest
 
(6,998
)
 
26,472

 
(263,682
)
 
6,466

 
 
 
 
 
 
 
 
 
Net income (loss) available for common stockholders
 
$
8,612

 
$
(13,518
)
 
$
208,573

 
$
(8,037
)
Schedule of basic earnings per share
The calculation of basic and diluted earnings per share is presented below:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands, except for share or per share data)
 
2018
 
2017
 
2018
 
2017
Basic earnings per share:
 
 
 
 
 
 
 
 
Net income (loss) available for common stockholders
 
$
8,612

 
$
(13,518
)
 
$
208,573

 
$
(8,037
)
 
 
 
 
 
 
 
 
 
Less: Dividends and undistributed earnings allocated to participating securities
 
(418
)
 
(314
)
 
(4,029
)
 
(997
)
Net income (loss) available for common stockholders, net of dividends and undistributed earnings allocated to participating securities
 
8,194

 
(13,832
)
 
204,544

 
(9,034
)
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding:
 
 
 
 
 
 
 
 
Class A
 
106,692,034

 
79,199,142

 
99,038,084

 
53,520,346

 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
0.08

 
$
(0.17
)
 
$
2.07

 
$
(0.17
)
Schedule of diluted earnings per share
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands, except for share or per share data)
 
2018
 
2017
 
2018
 
2017
Diluted earnings per share:
 
 
 
 
 
 
 
 
Net income (loss) available for common stockholders, net of dividends and undistributed earnings allocated to participating securities
 
$
8,194

 
$
(13,832
)
 
$
204,544

 
$
(9,034
)
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding:
 
 
 
 
 
 
 
 
Class A
 
 
 
 
 
 
 
 
Issued and outstanding
 
106,692,034

 
79,199,142

 
99,038,084

 
53,520,346

Issuable pursuant to 2015 Management Incentive Plan (1)
 
436,172

 
—

 
1,430,776

 
—

 
 
107,128,206

 
79,199,142

 
100,468,860

 
53,520,346

 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
$
0.08

 
$
(0.17
)
 
$
2.04

 
$
(0.17
)
 
(1)
The dilutive impact of unexercised stock options excludes from the computation of EPS 1,578,617 and 1,704,307 options for the three and nine months ended September 30, 2017, respectively, because inclusion of the options would have been anti-dilutive.