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Earnings Per Share
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2019 and 2018 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
Earnings per Common Share - basic:
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
      Net income (loss)
$
(22,582
)
 
$
21,749

 
$
13,423

 
$
38,155

 
Net loss (income) attributable to noncontrolling interests in
CPLP from continuing operations
265

 
(410
)
 
(323
)
 
(697
)
 
      Net income attributable to other noncontrolling interests
(92
)
 
(63
)
 
(168
)
 
(139
)
 
Net income (loss) available to common stockholders
$
(22,409
)
 
$
21,276

 
$
12,932

 
$
37,319

 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares - basic
112,926

 
105,073

 
109,049

 
105,056

 
Net income (loss) per common share - basic
$
(0.20
)
 
$
0.20

 
$
0.12

 
$
0.36

 
 
 
 
 
 
 
 
 
 
Earnings per common share - diluted:
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
      Net income (loss)
$
(22,582
)
 
$
21,749

 
$
13,423


$
38,155

 
Net income attributable to other noncontrolling interests
(92
)
 
(63
)
 
(168
)
 
(139
)
 
Net income (loss) available for common stockholders before net income attributable to noncontrolling interests in CPLP
$
(22,674
)
 
$
21,686

 
$
13,255

 
$
38,016

 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares - basic
112,926

 
105,073

 
109,049

 
105,056

 
     Add:
 
 
 
 
 
 
 
 
Potential dilutive common shares - stock options

 
58

 
29

 
61

 
Weighted average units of CPLP convertible into
    common shares
1,744

 
1,744

 
1,744

 
1,744

 
Weighted average common shares - diluted
114,670

 
106,875

 
110,822

 
106,861

 
Net income (loss) per common share - diluted
$
(0.20
)
 
$
0.20

 
$
0.12


$
0.36

 
 
 
 
 
 
 
 
 
 
Anti-dilutive stock options outstanding
27

 

 

 
3

 


For the three months ended June 30, 2019, anti-dilutive stock represent stock options whose exercise price does not exceed the average market value of the Company's stock and are not included in the calculation of dilutive weighted average shares due to the net loss during the period. For the six months ended June 30, 2018, anti-dilutive stock represents stock options whose exercise price exceeds the average market value of the Company's stock. These anti-dilutive stock options are not included in the current calculation of dilutive weighted average shares, but could be dilutive in the future.