Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

Note 3 - 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,

 

 

 

2017

 

 

2016

Net income (loss)

 

$

 47,129 

 

$

 (41,109)

Preferred stock dividends

 

 

 (1,824)

 

 

 (1,824)

Income (loss) available to common stockholders

 

$

 45,305 

 

$

 (42,933)



 

 

 

 

 

 

Weighted average shares outstanding

 

 

 201,054 

 

 

 83,582 

Dilutive impact of restricted stock

 

 

 686 

 

 

—

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

 

 

 201,740 

 

 

 83,582 



 

 

 

 

 

 

Basic income (loss) per share

 

$

 0.23 

 

$

 (0.51)

Diluted income (loss) per share

 

$

 0.22 

 

$

 (0.51)



 

 

 

 

 

 

Stock options (a)

 

 

 15 

 

 

 15 

Restricted stock (a)

 

 

—

 

 

 25 



(a)

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