Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.7.0.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
(share amounts in thousands)
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net income (loss)
$
33,390

 
$
(70,097
)
 
$
80,519

 
$
(111,206
)
Preferred stock dividends
(1,824
)
 
(1,823
)
 
(3,647
)
 
(3,647
)
Income (loss) available to common stockholders
$
31,566

 
$
(71,920
)
 
$
76,872

 
$
(114,853
)

 
 
 
 
 
 
 
Weighted average shares outstanding
201,386

 
118,209

 
201,220

 
100,895

Dilutive impact of restricted stock
519

 

 
603

 

Weighted average shares outstanding for diluted income (loss) per share
201,905

 
118,209

 
201,823

 
100,895


 
 
 
 
 
 
 
Basic income (loss) per share
$
0.16

 
$
(0.61
)
 
$
0.38

 
$
(1.14
)
Diluted income (loss) per share
$
0.16

 
$
(0.61
)
 
$
0.38

 
$
(1.14
)

 
 
 
 
 
 
 
Stock options (a)

 
15

 

 
15

Restricted stock (a)
22

 
36

 
22

 
36


(a)
Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.