Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Amounts that could potentially dilute basic earnings per share

The following table is a reconciliation of net income (loss) and the shares used in calculating basic and diluted net income (loss) for the three and nine months ended September 30, 2016:

(in thousands, except share data)	Three Months Ended September 30, 2016		Nine Months Ended September 30, 2016
Numerator:
Net income (loss)	$	7,312	$	(42,989	)
Denominator:
Weighted average common shares outstanding - Basic	49,567,735		49,385,733
Effect of dilutive shares:
Restricted stock awards to employees	5,172		—
Restricted stock awards to directors	54,893		—
Weighted average number of shares outstanding - Diluted	49,627,800		49,385,733
Antidilutive securities
Stock-based compensation awards(1):
Stock options	584,375		584,375
Restricted stock	272,897		332,961
Warrants:
Private placement warrants	6,160,000		6,160,000
Public warrants	9,823,072		9,823,072

(1) Stock Appreciation Rights and Phantom Shares are payable in cash and will have no impact on number of shares outstanding