Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2016

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

17. Earnings (Loss) Per Share

Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share calculations include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share.

A reconciliation of the amounts used to calculate basic and diluted earnings per share for the year ended December 31, 2016 follows (in thousands, except per share data):

Net loss		$	50,771
Add: Series B convertible preferred stock deemed dividends			314
Net loss available to common shareholders – basic and diluted			51,085
Weighted-average common shares outstanding – basic and diluted	81.1 million
Basic and diluted loss per share – common shareholders		$	(0.63	)