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

Earnings/ (Loss) Per Share

3 Months Ended

Mar. 31, 2018

9. Earnings Per Share

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

	Three Months Ended
	March 31,
	2018		2017
Net income	$	27,640	$	24,299
Less portion allocated to nonvested shares		1,145		1,058
Net income allocated to common shares	$	26,495	$	23,241
Weighted average common shares outstanding		138,845		137,513

Basic and diluted earnings per common share	$	0.19	$	0.17