Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

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 consolidated statements of operations are as follows (in thousands): 

	Year Ended December 31,
	2017				2016				2015
	Income			Shares	Income			Shares	Income			Shares
Basic:
Net income (loss)	$	30,052			$	(81,445	)		$	(376,980	)
Less: Undistributed earnings allocated to participating securities	(356		)		—				—
Undistributed earnings (loss) allocated to common shares	$	29,696		145,295	$	(81,445	)	111,612	$	(376,980	)	105,416

Diluted:
Undistributed earnings (loss) allocated to common shares	$	29,696	145,295	$	(81,445	)	111,612	$	(376,980	)	105,416
Effect of dilutive securities:
Share-based awards other than participating securities	—		5	—			—	—			—
Undistributed earnings reallocated to participating securities	—		—	—			—	—			—
Net income (loss)	$	29,696	145,300	$	(81,445	)	111,612	$	(376,980	)	105,416

Schedule of shares excluded from the diluted per share calculations

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

	Year Ended December 31,
	2016	2015
Diluted shares (as reported)	111,612	105,416
Share-based awards	440	59
Total	112,052	105,475

In addition, the following potentially dilutive shares related to the 2022 Notes and 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):

	Year Ended December 31,
	2017	2016	2015
2022 Notes	8,997	1,475	—
2032 Notes	2,403	6,891	7,995