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Earnings Per Share
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

20.

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 Year Ended December 31,

 

(Amounts in thousands, except per share amounts)

 

2017

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

86,381

 

 

$

(9,934

)

 

$

(4,419

)

Earnings allocated to unvested participating securities

 

 

(98

)

 

 

(37

)

 

 

-

 

Numerator for income (loss) per common share - basic

   and diluted

 

$

86,283

 

 

$

(9,971

)

 

$

(4,419

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income (loss) per common share -

   weighted average shares

 

 

236,373

 

 

 

218,053

 

 

 

212,107

 

Effect of dilutive employee stock options and

   restricted share awards (1)

 

 

29

 

 

 

-

 

 

 

-

 

Denominator for diluted income (loss) per common

   share - weighted average shares

 

 

236,402

 

 

 

218,053

 

 

 

212,107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share - basic and diluted

 

$

0.37

 

 

$

(0.05

)

 

$

(0.02

)

 

 

 

(1)

The effect of dilutive securities for the years ended December 31, 2017, 2016 and 2015 excludes 30,848, 48,113 and 53,281 weighted average share equivalents, respectively, as their effect was anti-dilutive.