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Loss Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Loss Per Share
LOSS PER SHARE
Basic earnings (loss) per share is computed by dividing net income (loss) by the number of weighted-average Class A common shares outstanding during the period. Diluted earnings (loss) per share is computed using the weighted-average Class A common shares outstanding and, if dilutive, potential Class A common shares outstanding during the period. Potential Class A common shares represent the incremental Class A common shares issuable for RSUs and stock option exercises. The Company calculates the dilutive effect of outstanding RSUs and stock options on earnings (loss) per share by application of the treasury stock method.
Basic and diluted loss per share for the three-months ended March 31, 2016 was calculated as follows:
 
 
Three Months Ended March 31, 2016
(In thousands, except per share amounts)
 
Basic and diluted loss per share(1):
 

Net loss attributable to Class A common stockholders
 
$
(4,632
)
Less: dividends paid on Class A common stock and participating RSAs
 
30,674

Undistributed loss attributable to Class A stockholders
 
$
(35,306
)

 

Weighted-average shares outstanding
 
106,856


 

Distributed earnings per share
 
$
0.28

Undistributed loss per share
 
(0.32
)
Basic and diluted loss per share
 
$
(0.04
)

(1)
The computations for diluted loss per share for the three months ended March 31, 2016 excludes 61,343,054 shares of Class B common stock and 2.8 million unvested RSUs because the effect would have been anti-dilutive.