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Earnings Per Share
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

 

21.

Earnings Per Share

 

The following table provides a reconciliation of net (loss) income and the number of common shares used in the computation of basic income (loss) per common share - which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares, and diluted income per common share - which includes the weighted average common shares and dilutive share equivalents. Dilutive share equivalents may include our employee stock options and restricted stock.

 

 

 

 

 

 

Period from

 

 

 

Year Ended

 

 

November 24, 2014

 

(Amounts in thousands, except per share amounts)

 

December 31, 2015

 

 

to December 31, 2014

 

Numerator:

 

 

 

 

 

 

 

 

Net (loss) income attributable to common stockholders - basic and diluted

 

$

(4,419

)

 

$

57,308

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic (loss) income per share - weighted average shares

 

 

212,107

 

 

 

212,107

 

Effect of dilutive employee stock options and restricted share awards (1)

 

 

-

 

 

 

1

 

Denominator for diluted (loss) income per share - weighted average shares

 

 

212,107

 

 

 

212,108

 

 

 

 

 

 

 

 

 

 

(Loss) income per share - basic and diluted

 

$

(0.02

)

 

$

0.27

 

 

(1)  The effect of dilutive securities for the year ended December 31, 2015 and for the period from November 24, 2014 to December 31, 2014 excludes an aggregate of 53,281 and 53,043 weighted average share equivalents, respectively, as their effect was anti-dilutive.