EARNINGS (LOSS) PER COMMON SHARE

The computation of basic and diluted earnings (loss) per share for the three and nine months ended June 30, 2017 and 2016 is as follows:



	Three Months Ended							Nine Months Ended
(In thousands, except per share amounts)	Net (Loss) Income			Shares	Per Share Amount			Net (Loss) Income			Shares	Per Share Amount
June 30, 2017
Basic (loss) earnings per share	$	(4,349	)	80,542	$	(0.05	)	$	(23,541	)	74,515	$	(0.32	)
Effect of dilutive securities:
Restricted stock and performance units	—			—	—			—			—	—
Diluted (loss) earnings per share	$	(4,349	)	80,542	$	(0.05	)	$	(23,541	)	74,515	$	(0.32	)
June 30, 2016
Basic earnings per share	$	99,505		64,795	1.54			261,023			64,750	$	4.03
Effect of dilutive securities:
Restricted stock and performance units	—			52	(0.01		)	—			102	(0.01		)
Diluted earnings per share	$	99,505		64,847	$	1.53		$	261,023		64,852	$	4.02

Potential dilutive common shares outstanding for stock-based awards totaling 716 thousand and 481 thousand Shares were considered in the calculation of diluted weighted-average shares for the three and nine months ended June 30, 2017, respectively; however, due to our net loss position, those shares have not been reflected above because they would be anti-dilutive.

For the purpose of calculating diluted earnings per share for the three and nine months ended June 30, 2017, there were approximately 2,811,956 and 3,046,982 anti-dilutive securities, respectively, and for the three and nine months ended June 30, 2016, there were approximately 2,377,436 and 2,070,774 anti-dilutive securities, respectively.