EARNINGS PER SHARE ("EPS")

The computations of basic EPS are based on our weighted average shares outstanding. The basic weighted average shares of Common Stock outstanding was 43,785,000 and 84,048,000 for the three months ended March 31, 2018 and 2017, respectively. The Series A Preferred Stock, the Series A Preferred Warrants, and the Series L Preferred Stock were not included in the computation of diluted EPS for the three months ended March 31, 2018 because their impact was deemed to be anti-dilutive. Outstanding shares of Series A Preferred Stock and the Series A Preferred Warrants were not included in the computation of diluted EPS for the three months ended March 31, 2017 because their impact was deemed to be anti-dilutive. No shares of Series L Preferred Stock were outstanding during the three months ended March 31, 2017.

EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.

The following table reconciles the numerator and denominator used in computing our basic and diluted per-share amounts for net (loss) income available to common stockholders for the three months ended March 31, 2018 and 2017:



	Three Months Ended March 31,
	2018			2017
	(in thousands, except per share amounts)
Numerator:
Net (loss) income available to common stockholders	$	(3,026	)	$	193,899
Redeemable preferred stock dividends declared on dilutive shares	—			—
Numerator for dilutive net (loss) income available to common stockholders	$	(3,026	)	$	193,899
Denominator:
Basic weighted average shares of Common Stock outstanding	43,785			84,048
Effect of dilutive securities—contingently issuable shares	—			—
Diluted weighted average shares and common stock equivalents outstanding	43,785			84,048
Net (loss) income available to common stockholders per share:
Basic	$	(0.07	)	$	2.31
Diluted	$	(0.07	)	$	2.31