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Earnings per Share
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2014
Mar. 31, 2015
Jun. 30, 2015
Earnings per Share [Abstract]        
Earnings per Share

(4) Earnings Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated period for the Predecessor Company.

 

 

 

 

 

 

 

Three Months Ended
September 30,

 

 

2013

 

 

 

 

Income (numerator):

 

 

 

Net loss

 

$

(1,284)

Net income attributable to participating securities

 

 

 -

Net loss attributable to common shares

 

$

(1,284)

Weighted average shares (denominator):

 

 

 

Weighted average shares—basic

 

 

38,589 

Dilutive effect of stock options

 

 

 -

Weighted average shares—diluted

 

 

38,589 

Basic loss per share

 

$

(0.03)

Diluted loss per share

 

$

(0.03)

The following table indicates the number of shares underlying outstanding stock-based awards excluded from the computation of dilutive weighted average shares because their effect was antidilutive for the period indicated.

 

 

 

 

 

 

 

Three Months Ended
September 30,

 

 

2013

 

 

(in thousands)

Weighted average shares

 

 

1,037 

 

(4) Earnings Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods for the Predecessor Company.

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
December 31,

 

Six Months Ended
December 31,

 

 

 

2013

 

2013

 

 

 

(in thousands, except per share data)

 

Income (numerator):

 

 

 

 

 

 

 

Net loss

 

$

(12,058)

 

$

(13,342)

 

Net income attributable to participating securities

 

 

 -

 

 

 -

 

Net loss attributable to common shares

 

$

(12,058)

 

$

(13,342)

 

Weighted average shares (denominator):

 

 

 

 

 

 

 

Weighted average shares—basic

 

 

38,641 

 

 

38,615 

 

Dilutive effect of stock options

 

 

 -

 

 

 -

 

Weighted average shares—diluted

 

 

38,641 

 

 

38,615 

 

Basic loss per share

 

$

(0.31)

 

$

(0.35)

 

Diluted loss per share

 

$

(0.31)

 

$

(0.35)

 

The following table indicates the number of shares underlying outstanding stock-based awards excluded from the computation of dilutive weighted average shares because their effect was antidilutive for the period indicated.

 

 

 

 

 

 

 

 

 

 

Three Months Ended
December 31,

 

Six Months Ended
December 31,

 

 

2013

 

2013

 

 

(in thousands)

 

(in thousands)

Weighted average shares

 

 

987 

 

 

1,012 

 

(4) Earnings Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods for the Predecessor Company.

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
March 31,

 

Nine Months Ended
March 31,

 

 

 

2014

 

2014

 

 

 

(in thousands, except per share data)

 

Income (numerator):

 

 

 

 

 

 

 

Net income (loss)

 

$

13,331 

 

$

(11)

 

Net income attributable to participating securities

 

 

(166)

 

 

 -

 

Net income (loss) attributable to common shares

 

$

13,165 

 

$

(11)

 

Weighted average shares (denominator):

 

 

 

 

 

 

 

Weighted average shares—basic

 

 

38,714 

 

 

38,648 

 

Dilutive effect of stock options

 

 

519 

 

 

 -

 

Weighted average shares—diluted

 

 

39,233 

 

 

38,648 

 

Basic income (loss) per share

 

$

0.34 

 

$

(0.00)

 

Diluted income (loss) per share

 

$

0.34 

 

$

(0.00)

 

The following table indicates the number of shares underlying outstanding stock-based awards excluded from the computation of dilutive weighted average shares because their effect was antidilutive for the period indicated.

 

 

 

 

 

 

 

 

 

 

Three Months Ended
March 31,

 

Nine Months Ended
March 31,

 

 

2014

 

2014

 

 

(in thousands)

 

(in thousands)

Weighted average shares

 

 

497 

 

 

1,281 

 

(5) Earnings Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period from January 1, 2014
through June 3,

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

 

(in thousands, except per share data)

 

Income (numerator):

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(22,956)

 

$

85,274 

 

$

58,810 

 

Net income attributable to participating securities

 

 

 -

 

 

(943)

 

 

(455)

 

Net income (loss) attributable to common shares

 

$

(22,956)

 

$

84,331 

 

$

58,355 

 

Weighted average shares (denominator):

 

 

 

 

 

 

 

 

 

 

Weighted average shares—basic

 

 

38,730 

 

 

38,730 

 

 

38,885 

 

Dilutive effect of stock options

 

 

 -

 

 

506 

 

 

149 

 

Weighted average shares—diluted

 

 

38,730 

 

 

39,236 

 

 

39,034 

 

Basic earnings (loss) per share

 

$

(0.59)

 

$

2.18 

 

$

1.50 

 

Diluted earnings (loss) per share

 

$

(0.59)

 

$

2.15 

 

$

1.50 

 

The following table indicates the number of shares underlying outstanding stock-based awards excluded from the computation of dilutive weighted average shares because their effect was antidilutive for the periods indicated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period from
January 1, 2014
through June 3,

 

Year Ended December 31,

 

 

2014

 

2013

 

2012

 

 

(in thousands)

 

(in thousands)

Weighted average shares

 

 

941 

 

 

273 

 

 

687