Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share

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

	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the three months ended September 30, 2019
Basic loss attributable to Unit Corporation per common share	$	(206,886)	52,950	$	(3.91)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(206,886)	52,950	$	(3.91)
For the three months ended September 30, 2018
Basic earnings attributable to Unit Corporation per common share	$	18,899	52,068	$	0.36
Effect of dilutive stock options and restricted stock	—		1,072	—
Diluted earnings attributable to Unit Corporation per common share	$	18,899	53,140	$	0.36

Schedule of Earnings (Loss) Per Share

	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the nine months ended September 30, 2019
Basic loss attributable to Unit Corporation per common share	$	(218,899)	52,814	$	(4.14)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(218,899)	52,814	$	(4.14)
For the nine months ended September 30, 2018
Basic earnings attributable to Unit Corporation per common share	$	32,552	51,951	$	0.63
Effect of dilutive stock options and restricted stock	—		808	(0.01)
Diluted earnings attributable to Unit Corporation per common share	$	32,552	52,759	$	0.62

Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share

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
	September 30,
	2019		2018
Stock options	42,000		66,500
Average exercise price	$	48.56	$	44.42

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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:

	Nine Months Ended
	September 30,
	2019		2018
Stock options	42,000		66,500
Average exercise price	$	48.56	$	44.42