Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Computations of basic and diluted EPS

The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands): 

	Three Months Ended September 30, 2016				Three Months Ended September 30, 2015
	Income			Shares	Income			Shares
Basic:
Net income	$	11,462			$	9,880
Less: Undistributed earnings allocated to participating securities	(160		)		(52		)
Undistributed earnings allocated to common shares	$	11,302		113,680	$	9,828		105,438
Diluted:
Undistributed earnings allocated to common shares	$	11,302		113,680	$	9,828		105,438
Effect of dilutive securities:
Share-based awards other than participating securities	—			—	—			—
Undistributed earnings reallocated to participating securities	—			—	—			—
Net income	$	11,302		113,680	$	9,828		105,438

	Nine Months Ended September 30, 2016				Nine Months Ended September 30, 2015
	Income			Shares	Income			Shares
Basic:
Net income (loss)	$	(27,032	)		$	26,887
Less undistributed earnings allocated to participating securities	—				(149		)
Undistributed earnings (loss) allocated to common shares	$	(27,032	)	109,135	$	26,738		105,362
Diluted:
Undistributed earnings (loss) allocated to common shares	$	(27,032	)	109,135	$	26,738		105,362
Effect of dilutive securities:
Share-based awards other than participating securities	—			—	—			—
Undistributed earnings reallocated to participating securities	—			—	—			—
Net income (loss)	$	(27,032	)	109,135	$	26,738		105,362

Schedule of shares excluded from diluted per share calculation

Shares that otherwise would have been included in the diluted per share calculation assuming we had earnings are as follows (in thousands): 

	Nine Months Ended
	September 30, 2016
Diluted shares (as reported)	109,135
Share-based awards	308
Total	109,443

In addition, the following potentially dilutive shares related to the 2032 Notes were excluded from the diluted EPS calculation because we have the right and the intention to settle any such future conversions in cash (Note 6) (in thousands): 

	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
2032 Notes	7,493	7,995	7,814	7,995