Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

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



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