W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

9 Months Ended

Sep. 30, 2015

9. Earnings Per Share

The following table presents the calculation of basic and diluted earnings (loss) per common share (in thousands, except per share amounts):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2015			2014		2015			2014
Net income (loss)	$	(477,568	)	$	684	$	(993,112	)	$	21,710
Less portion allocated to nonvested shares		—			70		—			208
Net income (loss) allocated to common shares	$	(477,568	)	$	614	$	(993,112	)	$	21,502
Weighted average common shares outstanding		75,932			75,613		75,900			75,592
Basic and diluted earnings (loss) per common share	$	(6.29	)	$	0.01	$	(13.08	)	$	0.28
Shares excluded due to being anti-dilutive (weighted-average)		431			—		308			—