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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
EARNINGS (LOSS) PER SHARE

The following data shows the amounts used in computing earnings (loss) per share:
 
Income (Loss)
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
(In thousands except per share amounts)
For the year ended December 31, 2014:
 
 
 
 
 
Basic earnings per common share
$
136,276

 
48,611

 
$
2.80

Effect of dilutive stock options, restricted stock, and SARs
—

 
472

 
(0.02
)
Diluted earnings per common share
$
136,276

 
49,083

 
$
2.78

For the year ended December 31, 2015:
 
 
 
 
 
Basic earnings (loss) per common share
$
(1,037,361
)
 
49,110

 
$
(21.12
)
Effect of dilutive stock options, restricted stock, and SARs
—

 
—

 
—

Diluted earnings (loss) per common share
$
(1,037,361
)
 
49,110

 
$
(21.12
)
For the year ended December 31, 2016:
 
 
 
 
 
Basic earnings (loss) per common share
$
(135,624
)
 
50,029

 
$
(2.71
)
Effect of dilutive stock options, restricted stock, and SARs
—

 
—

 
—

Diluted earnings (loss) per common share
$
(135,624
)
 
50,029

 
$
(2.71
)

 
Due to the net loss for the years ended December 31, 2016 and 2015, approximately 509,000 and 186,000, respectively, weighted average shares related to stock options, restricted stock, and SARs were antidilutive and were excluded from the earnings per share calculation above.

The following options and their average exercise prices were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of our common stock for the years ended December 31:
 
2016
 
2015
 
2014
Options and SARs
199,755

 
261,270

 
73,500

Average exercise price
$
48.79

 
$
50.34

 
$
64.43