Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Reconciliation of Numerators and Denominators of Basic and Diluted Loss Per Share Computations

The following table reconciles the numerators and denominators of the basic and diluted loss per share computations (in thousands, except per share data).

	March 31, 2017		March 31, 2016
Basic:
Net income (loss)	$	48,235	$	(18,733	)
Weighted average common shares outstanding		54,519,574		52,230,648
Basic income (loss) per common share	$	0.89	$	(0.36	)
Diluted:
Effect of dilutive securities:
Net income (loss)	$	48,235	$	(18,733	)
		48,235		(18,733	)
Weighted average common shares outstanding		54,519,574		52,230,648
Effect of dilutive options and warrants		912,054		—
Diluted weighted average common shares outstanding		55,431,628		52,230,648
Diluted income (loss) per common share	$	0.87	$	(0.36	)

Summary of Total Outstanding Options and Warrants

The following is the total outstanding options and warrants for the three months ended as follows:

	March 31, 2017		March 31, 2016
Options, RSUs and warrants to purchase Common Stock		11,036,673		10,113,296