Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.6.0.2
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share



 

 

 

 

 

 

 

 

 



 

For the Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

Net income (loss)

 

$

(91,813)

 

$

(240,139)

 

$

37,766 

Preferred stock dividends

 

 

(7,295)

 

 

(7,895)

 

 

(7,895)

Income (loss) available to common stockholders

 

$

(99,108)

 

$

(248,034)

 

$

29,871 



 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

126,258 

 

 

65,708 

 

 

44,848 

Dilutive impact of restricted stock

 

 

 

 

 

 

1,113 

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

 

 

126,258 

 

 

65,708 

 

 

45,961 



 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$

(0.78)

 

$

(3.77)

 

$

0.67 

Diluted income (loss) per share

 

$

(0.78)

 

$

(3.77)

 

$

0.65 



 

 

 

 

 

 

Stock options (b)

 

 

15 

 

 

15 

 

 

30 

Restricted stock (b)

 

 

 

 

126 

 

 

317 



(a)

Because the Company reported a loss available to common stockholders for the years ended December 31, 2016, and 2015, no unvested stock awards were included in computing loss per share because the effect was anti-dilutive.

(b)

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