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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the numerators and denominators for earnings per common share computations for the years ended December 31, 2015 and 2014 is presented below (shares in thousands). Common shares, options and per share amounts for both periods shown have been restated to reflect the impact of the reverse stock split the Company completed effective May 29th, 2015. Options to purchase 3,156 and 6,063 shares of common stock were outstanding for December 31, 2015 and 2014, respectively; but were not included in the computation of diluted earnings per share because the exercise price was greater than the average market price and, therefore, were anti-dilutive.
 
2015
 
2014
Basic Earnings (Loss) Per Common Share
 
 
 
Net income (loss)
$
42,602

 
$
(4,511
)
Preferred stock dividends
(1,484
)
 
(3,569
)
Discount on redemption of preferred stock
13,668

 
—

Net income (loss) for common shareholders
$
54,786

 
$
(8,080
)
Weighted average common shares outstanding
4,945,073

 
180,320

Basic earnings per common share
$
11.08

 
$
(44.81
)
Diluted Earnings Per Common Share
 
 
 
Weighted average common shares outstanding
4,945,073

 
180,320

Add: dilutive effect of assumed exercised stock options
—

 
—

Add: dilutive effect of assumed exercised common stock warrants
—

 
—

Weighted average common and dilutive potential shares outstanding
4,945,073

 
180,320

Diluted earnings (loss) per common share
$
11.08

 
$
(44.81
)