Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.0.814
Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

Note 4 - 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,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

Net income (loss)

 

$
(111,805)

 

$
12,201 

 

$
(126,969)

 

$
18,804 

Preferred stock dividends

 

 
(1,974)

 

 
(1,974)

 

 
(5,921)

 

 
(5,921)

Income (loss) available to common stockholders

 

$
(113,779)

 

$
10,227 

 

$
(132,890)

 

$
12,883 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 
66,277 

 

 
43,187 

 

 
63,265 

 

 
41,370 

Dilutive impact of restricted stock

 

 

—

 

 
1,024 

 

 

—

 

 
1,140 

Weighted average shares outstanding for diluted loss per share

 

 
66,277 

 

 
44,211 

 

 
63,265 

 

 
42,510 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$
(1.72)

 

$
0.24 

 

$
(2.10)

 

$
0.31 

Diluted income (loss) per share

 

$
(1.72)

 

$
0.23 

 

$
(2.10)

 

$
0.30 

 

 

 

 

 

 

 

 

 

 

Stock options (a)

 

 
15 

 

 
30 

 

 
15 

 

 
30 

Restricted stock (a)

 

 
159 

 

 

—

 

 
159 

 

 

—

 

(a)

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