Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.8.0.1
Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Net income (loss)
$
17,081

 
$
21,139

 
$
97,600

 
$
(90,067
)
Preferred stock dividends
(1,824
)
 
(1,824
)
 
(5,471
)
 
(5,471
)
Income (loss) available to common stockholders
$
15,257

 
$
19,315

 
$
92,129

 
$
(95,538
)

 
 
 
 
 
 
 
Weighted average shares outstanding
201,827

 
136,983

 
201,422

 
112,925

Dilutive impact of restricted stock
510

 
500

 
573

 
—

Weighted average shares outstanding for diluted income (loss) per share
202,337

 
137,483

 
201,995

 
112,925


 
 
 
 
 
 
 
Basic income (loss) per share
$
0.08

 
$
0.14

 
$
0.46

 
$
(0.85
)
Diluted income (loss) per share
$
0.08

 
$
0.14

 
$
0.46

 
$
(0.85
)

 
 
 
 
 
 
 
Stock options (a)
—

 
15

 
—

 
15

Restricted stock (a)
51

 
25

 
51

 
25


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