Three Months Ended

Six Months Ended

June 30,

June 30,

2017

2016

2017

2016

Net income (loss)

$

33,315

$

(120,922

)

$

57,614

$

(311,431

)

Less portion allocated to nonvested shares

1,374

—

2,442

—

Net income (loss) allocated to common shares

$

31,941

$

(120,922

)

$

55,172

$

(311,431

)

Weighted average common shares outstanding

137,552

76,457

137,533

76,443

Basic and diluted earnings (loss) per common share

$

0.23

$

(1.58

)

$

0.40

$

(4.07

)

Shares excluded due to being anti-dilutive (weighted-average)

—

3,531

—

3,529