Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations for the three-month periods ended September 30, 2017 and 2016 are as follows (in thousands):



	Three Months Ended September 30, 2017				Three Months Ended September 30, 2016
	Income			Shares	Income			Shares
Basic:
Net income	$	2,290			$	11,462
Less: Undistributed earnings allocated to participating securities	(27		)		(160		)
Undistributed earnings allocated to common shares	$	2,263		145,958	$	11,302		113,680

Diluted:
Undistributed earnings allocated to common shares	$	2,263		145,958	$	11,302		113,680
Effect of dilutive securities:
Share-based awards other than participating securities	—			—	—			—
Undistributed earnings reallocated to participating securities	—			—	—			—
Net income	$	2,263		145,958	$	11,302		113,680

Schedule of shares excluded from diluted per share calculation

Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands):



	Nine Months Ended September 30,
	2017	2016

Diluted shares (as reported)	145,057	109,135
Share-based awards	364	308
Total	145,421	109,443

In addition, the following potentially dilutive shares related to the 2022 Notes and the 2032 Notes were excluded from the diluted EPS calculation because we have the right and the intention to settle any such future conversions in cash (Note 6) (in thousands):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016

2022 Notes	8,997	—	8,997	—
2032 Notes	2,403	7,493	2,403	7,814