Three Months Ended

Nine Months Ended

September 30,

September 30,

2018

2017

2018

2017

Net income (loss)

$

46,260

$

(1,297

)

$

109,983

$

56,317

Less portion allocated to nonvested shares

1,860

—

4,489

2,349

Net income (loss) allocated to common shares

$

44,400

$

(1,297

)

$

105,494

$

53,968

Weighted average common shares outstanding

138,972

137,575

138,917

137,547

Basic and diluted earnings (loss) per common share

$

0.32

$

(0.01

)

$

0.76

$

0.39

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

—

7,709

—

—