XML 29 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share Basic Other Disclosures [Abstract]  
Reconciliation of Number of Common Shares Used in Calculating Basic and Diluted EPS

The following table reconciles the number of shares used in calculating basic and diluted earnings per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Dollars in thousands, except per share amounts)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss)

 

$

24,244

 

 

$

(31,238

)

 

$

41,165

 

 

$

(31,081

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

40,822,726

 

 

 

40,784,129

 

 

 

40,802,057

 

 

 

40,836,503

 

Incremental shares due to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance shares

 

 

355,844

 

 

 

 

 

 

305,625

 

 

 

 

Restricted stock units

 

 

40,399

 

 

 

 

 

 

36,013

 

 

 

 

Diluted weighted-average shares outstanding

 

 

41,218,969

 

 

 

40,784,129

 

 

 

41,143,695

 

 

 

40,836,503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

0.59

 

 

$

(0.77

)

 

$

1.01

 

 

$

(0.76

)

Diluted net income (loss) per share

 

$

0.59

 

 

$

(0.77

)

 

$

1.00

 

 

$

(0.76

)