Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2019

EARNINGS (LOSS) PER SHARE

Information related to the calculation of earnings (loss) per share attributable to Unit Corporation follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the three months ended March 31, 2019
Basic loss attributable to Unit Corporation per common share	$	(3,504)	52,557	$	(0.07)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(3,504)	52,557	$	(0.07)
For the three months ended March 31, 2018
Basic earnings attributable to Unit Corporation per common share	$	7,865	51,730	$	0.15
Effect of dilutive stock options and restricted stock	—		542	—
Diluted earnings attributable to Unit Corporation per common share	$	7,865	52,272	$	0.15

Due to the net loss for the three months ended March 31, 2019, approximately 279,000 weighted average shares related to stock options and restricted stock were antidilutive and were excluded from the earnings per share calculation above.

The following table shows the number of stock options (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:


	Three Months Ended
	March 31,
	2019		2018
Stock options	56,000		87,500
Average exercise price	$	44.73	$	51.34