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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net (Loss) Income Per Common Share The following table displays a reconciliation of the information used in calculating basic and diluted net (loss) income per common share for the three months ended March 31, 2020 and 2019.

 

 

Three Months Ended March 31,

 

(In thousands, except share and per share data)

 

2020

 

 

2019

 

Net (loss) income per consolidated statements of operations

 

$

(399,311

)

 

$

58,201

 

Net income allocated to participating securities

 

 

 

 

 

(173

)

Net (loss) income allocated to common stock

 

$

(399,311

)

 

$

58,028

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (Basic)

 

 

126,630,446

 

 

 

130,485,521

 

Weighted average dilutive restricted stock units and warrants

 

 

 

 

 

63,798

 

Weighted average common shares outstanding (Diluted)

 

 

126,630,446

 

 

 

130,549,319

 

 

 

 

 

 

 

 

 

 

(Loss) earnings per common share (Basic)

 

$

(3.15

)

 

$

0.44

 

(Loss) earnings per common share (Diluted)

 

$

(3.15

)

 

$

0.44