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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended March 31,
 
 
 
2017
 
2016
 
 
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
Net income (loss)
 
$
13,690

 
$
(40,880
)
 
Denominator:
 
 

 
 

 
Denominator for basic earnings per share – weighted-average common shares outstanding
 
154,118

 
104,709

 
Effect of dilutive securities:
Stock options and restricted shares
 
2,695

 

 
Denominator for diluted earnings per share – adjusted weighted-average shares and assumed exercise of options and restricted shares
 
156,813

 
104,709

 
 
 
 
 
 
 
Net income (loss) per common share - basic
 
$
0.09

 
$
(0.39
)
 
 
 
 
 
 
 
Net income (loss) per common share - diluted
 
$
0.09

 
$
(0.39
)