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Loss Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Loss Per Share
LOSS PER SHARE
Loss per share is calculated utilizing the weighted average shares outstanding. Under the two-class method, unvested RSAs that contain non-forfeitable rights to dividends are treated as participating securities and are included in the earnings per share computation to the extent that there are undistributed earnings available, but these securities do not participate in losses.
Class A Common Stock
Basic and diluted loss per share for the three and nine months ended September 30, 2016 and 2015 was calculated as follows :
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands, except per share amounts)
2016
 
2015
 
2016
 
2015
Basic and diluted loss per share(1):
 
 
 
 
 
 
 
Net loss attributable to Class A common stockholders
$
(12,911
)
 
(49,550
)
 
$
(16,446
)
 
(49,550
)
Less: dividends paid on Class A common stock and participating RSAs
—

 
—

 
30,674

 
—

Undistributed loss attributable to Class A stockholders
$
(12,911
)
 
$
(49,550
)
 
$
(47,120
)
 
$
(49,550
)


 
 
 

 
 
Weighted-average shares outstanding
107,686

 
100,985

 
107,135

 
100,985



 
 
 

 
 
Distributed earnings per share
$
—

 
$
—

 
$
(0.29
)
 
$
—

Undistributed loss per share
(0.12
)
 
(0.49
)
 
(0.44
)
 
(0.49
)
Basic and diluted loss per share
$
(0.12
)
 
(0.49
)
 
$
(0.15
)
 
(0.49
)

(1)
The computation for diluted loss per share for the three and nine months ended September 30, 2016 excludes 61,343,054 shares of Class B common stock, 4,702,388 unvested RSAs, and 1,859,651 unvested RSUs because the effect would have been anti-dilutive. The computations for diluted loss per share for the three and nine months ended September 30, 2015 excludes 61,343,054 shares of Class B common stock, 9,889,443 of unvested RSAs, and 792,051 of unvested RSUs because the effect would have been anti-dilutive.