Earnings (Loss) Per Share and Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Earnings (Loss) Per Share, Basic and Diluted

The following table sets forth the computation of earnings (loss) per common share and earnings (loss) per common share - assuming dilution:



	Three Months Ended September 30,					Nine Months Ended September 30,
	2016			2015		2016			2015
	(Dollars in thousands, except per share data)
Numerator:
Net income (loss) - numerator for earnings (loss) per common share	$	(7,420	)	$	97,306	$	(37,553	)	$	186,054

Denominator:
Weighted average common shares outstanding (1)	86,261,692			79,675,955		83,645,427			77,994,602
Effect of dilutive securities:
2015 warrants	—			714,980		20,219			766,795
Stock options and deferred compensation agreements	424,875			981,271		423,498			1,076,166
Restricted stock and restricted stock units	357,359			186,430		323,409			139,747
Denominator for earnings (loss) per common share - assuming dilution	87,043,926			81,558,636		84,412,553			79,977,310

Earnings (loss) per common share	$	(0.09	)	$	1.22	$	(0.45	)	$	2.39
Earnings (loss) per common share - assuming dilution	$	(0.09	)	$	1.19	$	(0.45	)	$	2.33


(1)	Weighted average common shares outstanding include shares vested under the NMO Deferred Compensation Plan.

Schedule of Antidilutive Securities Excluded from Computation of Earnings (Loss) Per Share

Options to purchase shares of our common stock that were outstanding during the respective periods indicated but were not included in the computation of diluted earnings (loss) per share because the options' exercise price was greater than the average market price of the common shares are as follows:



Period	Number of Shares	Range of Exercise Prices
		Minimum	Maximum
Three months ended September 30, 2016	1,058,491	$24.79	$24.79
Three months ended September 30, 2015	—	$—	$—
Nine months ended September 30, 2016	1,058,491	$24.79	$24.79
Nine months ended September 30, 2015	—	$—	$—