Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
6 Months Ended
Jun. 30, 2016
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 June 30,

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

Net loss

 

$

(70,097)

 

$

(4,967)

 

$

(111,206)

 

$

(15,164)

Preferred stock dividends

 

 

(1,823)

 

 

(1,973)

 

 

(3,647)

 

 

(3,947)

Loss available to common stockholders

 

$

(71,920)

 

$

(6,940)

 

$

(114,853)

 

$

(19,111)



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

118,209 

 

 

66,038 

 

 

100,895 

 

 

61,759 

Dilutive impact of restricted stock

 

 

 

 

 

 

 

 

Weighted average shares outstanding for diluted loss per share

 

 

118,209 

 

 

66,038 

 

 

100,895 

 

 

61,759 



 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.61)

 

$

(0.11)

 

$

(1.14)

 

$

(0.31)

Diluted loss per share

 

$

(0.61)

 

$

(0.11)

 

$

(1.14)

 

$

(0.31)



 

 

 

 

 

 

 

 

 

Stock options (a)

 

 

15 

 

 

15 

 

 

15 

 

 

15 

Restricted stock (a)

 

 

36 

 

 

284 

 

 

36 

 

 

284 



(a)

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