content_image/1019626.jpg content_image/1019627.jpg content_image/1019628.jpg
## Index to Financial Statements 

The Company declared dividends on its mandatory convertible preferred stock in the first, second and third quarters of 2017 that were settled partially in common stock for a total of 10,040,306 shares as well as each quarter in 2016 that were settled in common stock for a total of 9,917,799 shares. 

In 2018, the Company repurchased 39,061,269 of its outstanding common stock for approximately $180 million at an average price of $4.63 per share. 

The following table presents the computation of earnings per share for the years ended December 31, 2018, 2017 and 2016: 

<img src='content_image/1019626.jpg'>

The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the years ended December 31, 2018, 2017 and 2016, as they would have had an antidilutive effect: 

<img src='content_image/1019627.jpg'>

## Supplemental Disclosures of Cash Flow Information 

The following table provides additional information concerning interest and income taxes paid as well as changes in noncash investing activities for the years ended December 31, 2018, 2017 and 2016: 

<img src='content_image/1019628.jpg'>

## Stock-Based Compensation 

The Company accounts for stock-based compensation transactions using a fair value method and recognizes an amount equal to the fair value of the stock options and stock-based payment cost in either the consolidated statement of operations or capitalizes the cost into natural gas and oil properties or gathering systems included in property and equipment. Costs are capitalized when they are directly related to the acquisition, exploration and development activities of the Company’s natural gas and oil properties. See Note 13  for a discussion of the Company’s stock-based compensation. 

