Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Net Income (Loss) Per Share

Schedule of basic and diluted net loss per common share

Basic and diluted income (loss) per common share is computed as follows (in thousands except share and per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
	(in thousands, except
	per share data)
Numerator:
Net income (loss) used for calculation of basic and diluted EPS	$	47,165	$	(8,868)	$	40,767	$	(15,312)
Denominator:
Weighted-average shares outstanding, basic		40,800,586		40,389,648		40,703,688		37,518,271
Dilutive effect of stock options		937,874		—		997,574		—
Weighted average shares outstanding, diluted		41,738,460		40,389,648		41,701,262		37,518,271
Net income (loss) per share, basic	$	1.16	$	(0.22)	$	1.00	$	(0.41)
Net income (loss) per share, diluted	$	1.13	$	(0.22)	$	0.98	$	(0.41)