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Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

 

18.

Earnings Per Share

 

 

The following table provides a summary of net income (loss) and the number of common shares used in the computation of basic and diluted income (loss) per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.

 

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Amounts in thousands, except per share amounts)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

103,016

 

 

$

3,188

 

 

$

103,388

 

 

$

(3,306

)

Earnings allocated to unvested participating securities

 

 

(59

)

 

 

(10

)

 

 

(73

)

 

 

(19

)

Numerator for income (loss) per common share - basic

   and diluted

 

$

102,957

 

 

$

3,178

 

 

$

103,315

 

 

$

(3,325

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income (loss) per common share -

   weighted average shares

 

 

234,990

 

 

 

217,122

 

 

 

232,969

 

 

 

214,763

 

Effect of dilutive employee stock options and

   restricted share awards (1)

 

 

20

 

 

 

16

 

 

 

27

 

 

 

-

 

Denominator for diluted income (loss) per common

   share - weighted average shares

 

 

235,010

 

 

 

217,138

 

 

 

232,996

 

 

 

214,763

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share - basic and diluted

 

$

0.44

 

 

$

0.01

 

 

$

0.44

 

 

$

(0.02

)

 

 

(1)

The effect of dilutive securities for the three months ended June 30, 2017 and 2016 excludes 32,317 and 49,182 weighted average share equivalents, respectively, and 34,147 and 51,252 weighted average share equivalents for the six months ended June 30, 2017 and 2016, respectively, as their effect was anti-dilutive.