Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.4.0.3
Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share



Note 5 - Earnings Per Share



The following table sets forth the computation of basic and diluted earnings per share:





 

 

 

 

 

 

(share amounts in thousands)

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

Net loss

 

$

 (41,109)

 

$

 (10,197)

Preferred stock dividends

 

 

 (1,824)

 

 

 (1,974)

Loss available to common stockholders

 

$

 (42,933)

 

$

 (12,171)



 

 

 

 

 

 

Weighted average shares outstanding

 

 

 83,582 

 

 

 57,479 

Dilutive impact of restricted stock

 

 

—

 

 

—

Weighted average shares outstanding for diluted loss per share

 

 

 83,582 

 

 

 57,479 



 

 

 

 

 

 

Basic loss per share

 

$

 (0.51)

 

$

 (0.21)

Diluted loss per share

 

$

 (0.51)

 

$

 (0.21)



 

 

 

 

 

 

Stock options (a)

 

 

 15 

 

 

 30 

Restricted stock (a)

 

 

 25 

 

 

 61 



(a)

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