EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2019

The following table presents the calculation of basic and diluted earnings (loss) per common share from continuing operations:


	Three months ended September 30,					Nine months ended September 30,
	2019		2018	2019		2018
	(In thousands, except per share amounts)
Earnings (loss) per share — Basic:
Earnings (loss) from continuing operations	$	(91,538)	91,602	$	29,804	175,084
Less: Distributed and undistributed earnings allocated to unvested stock	(114)		(333)	(336)		(630)
Earnings (loss) from continuing operations available to common shareholders — Basic	$	(91,652)	91,269	$	29,468	174,454

Weighted average common shares outstanding — Basic	52,319		52,397	52,358		52,391

Earnings (loss) from continuing operations per common share — Basic	$	(1.75)	1.74	$	0.56	3.33

Earnings (loss) per share — Diluted:
Earnings (loss) from continuing operations	$	(91,538)	91,602	$	29,804	175,084
Less: Distributed and undistributed earnings allocated to unvested stock	(114)		(333)	(336)		(630)
Earnings (loss) from continuing operations available to common shareholders — Diluted	$	(91,652)	91,269	$	29,468	174,454

Weighted average common shares outstanding — Basic	52,319		52,397	52,358		52,391
Effect of dilutive equity awards	—		373	199		349
Weighted average common shares outstanding — Diluted	52,319		52,770	52,557		52,740

Earnings (loss) from continuing operations per common share — Diluted	$	(1.75)	1.73	$	0.56	3.31

Anti-dilutive equity awards not included above	3,170		1,197	1,945		1,230