INCOME (LOSS) PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2016

INCOME (LOSS) PER COMMON SHARE

Schedule of reconciliation of basic to diluted income per common share

The reconciliation of basic to diluted income (loss) per common share was as follows (in thousands, except per share amounts):

	For the Years Ended December 31,
	2016		2015		2014
					Class A		Class B
Basic net income / (loss) per share:
Numerator:
Net Income / (Loss)	$	67,306	$	129,569	$	(17,402)	$	(29,682)
Denominator:
Weighted-average shares outstanding, basic		82,705		62,779		11,270		19,223
Basic net income / (loss) per share	$	0.81	$	2.06	$	(1.54)	$	(1.54)
Diluted net income / (loss) per share:
Numerator:
Net Income / (Loss)	$	67,306	$	129,569	$	(17,402)	$	(29,682)
Reallocation of net loss as a result of assumed conversion of Class B to Class A shares, diluted		—		—		(29,682)		—
Net Income / (Loss), diluted		67,306		129,569		(47,084)		(29,682)
Denominator:
Weighted-average shares outstanding, basic		82,705		62,779		11,270		19,223
Add:
Restricted stock units		—		334		—		—
Assumed conversion of Class B to Class A shares		—		—		19,223		—
Weighted-average shares outstanding, diluted		82,705		63,113		30,493		19,223
Diluted net income / (loss) per share	$	0.81	$	2.05	$	(1.54)	$	(1.54)