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Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

20.EARNINGS PER SHARE

Basic earnings per share was computed by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding and any dilutive Common Stock equivalents, including unvested restricted stock and shares issuable upon exercise of stock options as determined under the “If-Converted” method and also Common Stock warrants as determined under the “Treasury Stock” method.

The following table sets forth basic and diluted net income per common share for the years ended December 31, 2016,  2015, and 2014 (in thousands, except per share data):



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the year ended December 31,



 

2016

 

2015

 

2014

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

 76,238 

 

$

 (175,656)

 

$

 (24,295)

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

 124,448 

 

 

 127,794 

 

 

 128,919 

Dilutive impact of stock options and restricted shares

 

 

 696 

 

 

 —

 

 

 —

Diluted weighted-average shares outstanding

 

 

 125,144 

 

 

 127,794 

 

 

 128,919 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

 0.61 

 

$

 (1.37)

 

$

 (0.19)

Diluted

 

$

 0.61 

 

$

 (1.37)

 

$

 (0.19)

For the year ended December 31, 2016, the diluted weighted average number of common shares outstanding excluded an additional 2.2 million shares issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive.

For the year ended December 31, 2015, all potential common stock equivalents, including 3.8 million shares of stock options outstanding and 0.3 million shares of restricted stock units outstanding, were excluded as the effect would be anti-dilutive.

For the year ended December 31, 2014, all potential common stock equivalents, including 3.3 million shares of stock options outstanding and 0.3 million shares of restricted stock units outstanding, were excluded as the effect would be anti-dilutive.