EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of basic and diluted net income (loss) per share

Basic and diluted net earnings (loss) per share is calculated as follows (net income amounts are stated in thousands):

	Three Months Ended
	September 30, 2016							September 30, 2015
	Shares	Net Income			EPS			Shares	Net Income			EPS
Basic Earnings per Share	36,980,356	$	(37,113	)	$	(1.00	)	35,741,877	$	105,578		$	2.95
Dilutive shares related to warrants	—	—						2,053,934	—
Change in fair value of derivative instruments	—	—						—	(29,991		)
Convertible debt	—	—						2,642,160	518
Restricted stock	—	—						409,166	—
Stock options	—	—						1,905,722	—
Dilutive net earnings (loss) per share	36,980,356	$	(37,113	)	$	(1.00	)	42,752,859	$	76,105		$	1.78

	Nine Months Ended
	September 30, 2016							September 30, 2015
	Shares	Net Income			EPS			Shares	Net Income		EPS
Basic net earnings (loss) per share	36,728,911	$	(39,300	)	$	(1.07	)	32,650,408	$	119,706	$	3.67
Convertible debt	—	—						2,642,160	1,553
Restricted stock	—	—						331,073	—
Stock options	—	—						1,176,895	—
Dilutive net earnings (loss) per share	36,728,911	$	(39,300	)	$	(1.07	)	36,800,536	$	121,259	$	3.30

Schedule of common stock options, convertible debt and restricted stock units anti-dilutive

For the three and nine months ended September 30, 2016 and 2015, the following shares were excluded because they were anti-dilutive (share amounts in millions):

	Three Months Ended		Nine Months Ended
	September 30, 2016	September 30, 2015	September 30, 2016	September 30, 2015
Restricted stock units	0.3	—	0.3	—
Convertible debt	2.6	—	2.6	—
Options	6.7	1.8	6.1	1.1
Warrants	1.8	—	1.8	2.7
Total anti-dilutive shares	11.4	1.8	10.8	3.8