Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.5.0.2
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share







 

 

 

 

 

 

 

 

 

 

 

 

(share amounts in thousands)

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

Net income (loss)

 

$

 21,139 

 

$

 (111,805)

 

$

 (90,067)

 

$

 (126,969)

Preferred stock dividends

 

 

 (1,824)

 

 

 (1,974)

 

 

 (5,471)

 

 

 (5,921)

Income (loss) available to common stockholders

 

$

 19,315 

 

$

 (113,779)

 

$

 (95,538)

 

$

 (132,890)



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

 136,983 

 

 

 66,277 

 

 

 112,925 

 

 

 63,265 

Dilutive impact of restricted stock

 

 

 500 

 

 

—

 

 

—

 

 

—

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

 

 

 137,483 

 

 

 66,277 

 

 

 112,925 

 

 

 63,265 



 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$

 0.14 

 

$

 (1.72)

 

$

 (0.85)

 

$

 (2.10)

Diluted income (loss) per share

 

$

 0.14 

 

$

 (1.72)

 

$

 (0.85)

 

$

 (2.10)



 

 

 

 

 

 

 

 

 

Stock options (a)

 

 

 15 

 

 

 15 

 

 

 15 

 

 

 15 

Restricted stock (a)

 

 

 25 

 

 

 159 

 

 

 25 

 

 

 159 



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