The following sets forth the computation of basic and diluted earnings per share under the two-class method:


(Thousands, except per share data)	Three Months Ended June 30, 2016			Period from April 24 - June 30, 2015			Six Months Ended June 30, 2016			Period from April 24 - June 30, 2015
Basic earnings per share:
Numerator:
Net (loss) income	$	(1,535	)	$	8,301		$	6,501		$	8,301
Less: Income allocated to participating securities		(402	)		(325	)		(757	)		(325	)
Dividends declared on convertible preferred stock		(438	)		-			(438	)		-
Amortization of discount on convertible preferred stock		(496	)		-			(496	)		-
Net (loss) income applicable to common shares	$	(2,871	)	$	7,976		$	4,810		$	7,976
Denominator:
Basic weighted-average common shares outstanding		150,913			149,827			150,416			149,827
Basic (loss) earnings per common share	$	(0.02	)	$	0.05		$	0.03		$	0.05


(Thousands, except per share data)	Three Months Ended June 30, 2016			Period from April 24 - June 30, 2015			Six Months Ended June 30, 2016			Period from April 24 - June 30, 2015
Diluted earnings per share:
Numerator:
Net (loss) income	$	(1,535	)	$	8,301		$	6,501		$	8,301
Less: Income allocated to participating securities		(402	)		(325	)		(757	)		(325	)
Dividends declared on convertible preferred stock		(438	)		-			(438	)		-
Amortization of discount on convertible preferred stock		(496	)		-			(496	)		-
Net (loss) income applicable to common shares	$	(2,871	)	$	7,976		$	4,810		$	7,976
Denominator:
Basic weighted-average common shares outstanding		150,913			149,827			150,416			149,827
Effect of dilutive non-participating securities		-			-			245			-
Weighted-average shares for dilutive earnings per common share		150,913			149,827			150,661			149,827
Dilutive (loss) earnings per common share	$	(0.02	)	$	0.05		$	0.03		$	0.05

For the three months ended June 30, 2016, 283,128 non-participating securities were excluded from the computation of diluted earnings per share, as their effect would have been anti-dilutive.