Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2020			2019
Net income (loss)	$	(222,337	)	$	61,092
Less: Undistributed income allocated to participating securities (1)	—			693
Net income (loss) attributable to common stockholders	(222,337		)	60,399
Plus: Net income effect of convertible securities	—			2,756
Numerator for diluted income (loss) per common share	$	(222,337	)	$	63,155
Basic weighted-average common stock shares outstanding	53,153			49,127
Plus: dilutive effects of common stock equivalents (2)	—			6,423
Diluted weighted-average common stock shares outstanding	53,153			55,550
Basic income (loss) per common share	$	(4.18	)	$	1.23
Diluted income (loss) per common share	$	(4.18	)	$	1.14

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(1) Participating securities include restricted stock that had been issued but has not yet vested during the three months ended March 31, 2019. These participating securities were fully vested as of December 31, 2019.

(2) Entities with a net loss from continuing operations are prohibited from including potential common shares in the computation of diluted per share amounts. We have utilized the basic shares outstanding to calculate both basic and diluted loss per share for the three months ended March 31, 2020.