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

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

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


	Year Ended December 31,
	2021		2020		2019
Net (loss) income	$	(41,478)	$	37,790	$	74,086
Less portion allocated to nonvested shares		—		437		1,371
Net (loss) income allocated to common shares	$	(41,478)	$	37,353	$	72,715

Weighted average common shares outstanding - basic		142,271		141,622		140,583
Dilutive effect of securities		—		1,655		3,141
Weighted average common shares outstanding - diluted		142,271		143,277		143,724
Earnings per common share:
Basic	$	(0.29)	$	0.26	$	0.52
Diluted	$	(0.29)	$	0.26	$	0.52
Shares excluded due to being anti-dilutive (weighted-average)		1,370		—		—