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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Summary of Computation of 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 Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(Amounts in thousands, except per share amounts)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to common stockholders

 

$

(10,214

)

 

$

(139

)

 

$

93,174

 

 

$

(3,445

)

Earnings allocated to unvested participating securities

 

 

(13

)

 

 

(9

)

 

 

(86

)

 

 

(28

)

Numerator for (loss) income per common share - basic

   and diluted

 

$

(10,227

)

 

$

(148

)

 

$

93,088

 

 

$

(3,473

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic (loss) income per common share -

   weighted average shares

 

 

239,446

 

 

 

219,394

 

 

 

235,151

 

 

 

216,318

 

Effect of dilutive employee stock options and

   restricted share awards (1)

 

 

-

 

 

 

-

 

 

 

27

 

 

 

-

 

Denominator for diluted (loss) income per common

   share - weighted average shares

 

 

239,446

 

 

 

219,394

 

 

 

235,178

 

 

 

216,318

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income per common share - basic and diluted

 

$

(0.04

)

 

$

(0.00

)

 

$

0.40

 

 

$

(0.02

)

 

 

(1)

The effect of dilutive securities for the three months ended September 30, 2017 and 2016 excludes 27,911 and 46,930 weighted average share equivalents, respectively, and 32,036 and 49,854 weighted average share equivalents for the nine months ended September 30, 2017 and 2016, respectively, as their effect was anti-dilutive.