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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE
The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the years ended December 31, 2016, 2015 and 2014, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the years ended December 31, 2016, 2015 and 2014 (amounts in thousands, except per share amounts):
 
 
Year Ended December 31,
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income (loss)
$
29,353

 
$
10,034

 
$
(8,143
)
Less: Net income allocated to participating securities
(260
)
 
(286
)
 
—

Numerator for basic and diluted earnings (loss) available to common stockholders
$
29,093

 
$
9,748

 
$
(8,143
)
Denominator:
 
 
 
 
 
Weighted-average basic common shares outstanding
56,030

 
37,380

 
22,788

Weighted-average diluted common shares outstanding
56,030

 
37,380

 
22,788

 
 
 
 
 
 
Earnings (loss) per common share, basic
$
0.52

 
$
0.26

 
$
(0.36
)
Earnings (loss) per common share, diluted
$
0.52

 
$
0.26

 
$
(0.36
)

The Company’s unvested restricted shares associated with its incentive award plan and unvested restricted shares issued to employees of Ensign at the Spin-Off have been excluded from the above calculation of earnings (loss) per share for the years ended December 31, 2016, 2015 and 2014, as their inclusion would have been anti-dilutive.