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


	Three Months Ended September 30,						Nine Months Ended			Period from April 24 -
(Thousands, except per share data)	2016			2015			September 30, 2016			September 30, 2015
Basic earnings per share:
Numerator:
Net (loss) income	$	(2,343	)	$	9,403		$	4,158		$	17,704
Less: Income allocated to participating securities		(407	)		(430	)		(1,164	)		(755	)
Dividends declared on convertible preferred stock		(649	)		-			(1,087	)		-
Amortization of discount on convertible preferred stock		(745	)		-			(1,241	)		-
Net (loss) income applicable to common shares	$	(4,144	)	$	8,973		$	666		$	16,949
Denominator:
Basic weighted-average common shares outstanding		153,878			149,834			151,578			149,831
Basic (loss) earnings per common share	$	(0.03	)	$	0.06		$	0.00		$	0.11


	Three Months Ended September 30,						Nine Months Ended			Period from April 24 -
(Thousands, except per share data)	2016			2015			September 30, 2016			September 30, 2015
Diluted earnings per share:
Numerator:
Net (loss) income	$	(2,343	)	$	9,403		$	4,158		$	17,704
Less: Income allocated to participating securities		(407	)		(430	)		(1,164	)		(755	)
Dividends declared on convertible preferred stock		(649	)		-			(1,087	)		-
Amortization of discount on convertible preferred stock		(745	)		-			(1,241	)		-
Net (loss) income applicable to common shares	$	(4,144	)	$	8,973		$	666		$	16,949
Denominator:
Basic weighted-average common shares outstanding		153,878			149,834			151,578			149,831
Effect of dilutive non-participating securities		-			-			138			-
Weighted-average shares for dilutive earnings per common share		153,878			149,834			151,716			149,831
Dilutive (loss) earnings per common share	$	(0.03	)	$	0.06		$	0.00		$	0.11

For the three months ended September 30, 2016, 149,087 non-participating securities were excluded from the computation of diluted earnings per share, as their effect would have been anti-dilutive.