XML 32 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE     
The following are computations of basic and diluted earnings (loss) per share (in thousands except for per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Numerator for basic and diluted earnings (loss) per share:
 

 
 

 
 
 
 
Net income (loss)
$
12,058

 
$
(10,255
)
 
$
16,545

 
$
(27,160
)
 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 
 
 
Basic shares outstanding
57,033

 
57,487

 
57,149

 
57,575

Dilutive effect of equity-based compensation awards
162

 
—

 
131

 
—

Dilutive shares outstanding
57,195

 
57,487

 
57,280

 
57,575

 
 
 
 
 
 
 
 
Basic earnings (loss) per share:
$
0.21

 
$
(0.18
)
 
$
0.29

 
$
(0.47
)
 
 

 
 

 
 

 
 

Diluted earnings (loss) per share:
$
0.21

 
$
(0.18
)
 
$
0.29

 
$
(0.47
)

For the three and nine months ended September 30, 2017, the dilutive effect of all then outstanding restricted stock and performance awards is included in the EPS calculations above except for 301,300 of outstanding performance stock awards for which the performance criteria were not attained at that time and 3,724 and 19,485, respectively, of restricted stock awards which were antidilutive at that time.

As a result of the net loss reported for the three and nine months ended September 30, 2016, all then outstanding stock options, restricted stock awards and performance awards totaling 835,482 were excluded from the calculation of diluted earnings (loss) per share as their inclusion would have an antidilutive effect.