XML 31 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
The following table illustrates the computation of basic and diluted earnings per share for the three months ended March 31, 2016 and 2015 (in thousands, except share and per share amounts):
 
 
Three Months Ended March 31,
 
 
2016
 
2015
Numerator
 
 
 
 
Net (loss) income attributable to common stockholders
 
$
(18,272
)
 
$
16,889

 
 
 
 
 
Denominator
 
 
 
 
Basic weighted average common shares and common equivalents
 
65,248,203

 
59,185,225

Dilutive restricted stock units
 

 
374,028

 
 
 
 
 
Diluted weighted average common shares
 
65,248,203

 
59,559,253

 
 
 
 
 
Net (loss) income attributable to common stockholders, per:
 
 
 
 
 
 
 
 
 
Basic common share
 
$
(0.28
)
 
$
0.29

 
 
 
 
 
Diluted common share
 
$
(0.28
)
 
$
0.28


Certain restricted stock units are considered participating securities because dividend payments are not forfeited even if the underlying award does not vest. Accordingly, the Company uses the two-class method when computing basic and diluted earnings per share. During the three months ended March 31, 2016 and 2015, approximately 54,000 and 300 restricted stock units, respectively, were not included in computing diluted earnings per share because they were considered anti-dilutive.