Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Summary of Net Income (Loss) Per Share

During periods in which the Company incurs net losses, both basic and diluted loss per share is calculated by dividing the net loss by the weighted average shares outstanding and potentially dilutive securities are excluded from the calculation because their effect would be antidilutive.

	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands, except share and per share amounts)	2016		2015			2016		2015
Net income (loss)	$	7,350	$	(24,423	)	$	17,673	$	(24,048	)
Basic weighted average common shares outstanding		30,377,562		18,898,003			30,372,901		18,489,451
Effect of dilutive restricted stock awards		165,166		—			80,875		—
Diluted weighted average common shares outstanding		30,542,728		18,898,003			30,453,776		18,489,451
Basic and diluted income (loss) per weighted average common share outstanding	$	0.24	$	(1.29	)	$	0.58	$	(1.30	)