(LOSS) / INCOME PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2017

(LOSS) / INCOME PER COMMON SHARE

Schedule of reconciliation of basic to diluted income per common share

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

	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2017		2016		2017		2016
Basic net (loss) / income per share:
Numerator:
Net (Loss) / Income	$	(82,545)	$	37,995	$	(55,681)	$	98,853
Denominator:
Weighted-average shares outstanding, basic		82,979		82,681		82,970		82,681
Basic net (loss) / income per share	$	(0.99)	$	0.46	$	(0.67)	$	1.20
Diluted net (loss) / income per share:
Numerator:
Net (Loss) / Income	$	(82,545)	$	37,995	$	(55,681)	$	98,853
Denominator:
Weighted-average shares outstanding, basic		82,979		82,681		82,970		82,681
Add:
Restricted stock units		—		—		—		—
Stock options		—		—		—		—
Weighted-average shares outstanding, diluted		82,979		82,681		82,970		82,681
Diluted net (loss) / income per share:	$	(0.99)	$	0.46	$	(0.67)	$	1.20