Basic earnings per share (“EPS”) is calculated using the average number of shares of common stock outstanding during each period. For the calculation of diluted shares, the Company assumes that restricted stock is outstanding on the date of vesting, and the Company assumes the issuance of shares from the exercise of stock options using the treasury stock method.


	Three Months Ended September 30,				Nine Months Ended September 30,
		2019		2018		2019		2018
	(in thousands)
Net income (loss) (numerator):
Income from continuing operations	$	(3,858)	$	78,626	$	(3,899)	$	88,224
Income (loss) from continuing operations attributable to unvested shares		—		(766)		29		(820)
Numerator for basic		(3,858)		77,860		(3,870)		87,404
Loss from continuing operations attributable to unvested shares		—		—		(29)		—
Numerator for dilutive	$	(3,858)	$	77,860	$	(3,899)	$	87,404

Income (loss) from discontinued operations, net of tax	$	(61)	$	(21)	$	5,448	$	(416)
Income (loss) from discontinued operations attributable to unvested shares		—		—		(41)		4
Numerator for basic		(61)		(21)		5,407		(412)
Income from discontinued operations attributable to unvested shares		—		—		41		—
Numerator for dilutive	$	(61)	$	(21)	$	5,448	$	(412)

Net income (loss)	$	(3,919)	$	78,605	$	1,549	$	87,808
Net loss attributable to unvested shares		—		(766)		(12)		(816)
Numerator for basic		(3,919)		77,839		1,537		86,992
Net income attributable to unvested shares		—		—		12		—
Numerator for dilutive	$	(3,919)	$	77,839	$	1,549	$	86,992

Weighted average shares (denominator):
Basic weighted average shares outstanding		58,953		59,481		59,457		59,147
Effect of dilutive securities		—		1,337		—		699
Diluted weighted average shares outstanding		58,953		60,818		59,457		59,846
Stock options and unvested restricted stock grants excluded from dilutive calculation because they would be anti-dilutive		324		244		548		1,223