Stockholders' Equity and Earnings (Loss) Per Share (Notes)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Stockholders' Equity and Earnings Per Share

Shareholders’Equity and Earnings (Loss) Per Share

In August 2016, we completed the sale of 5,051,100 shares of our common stock to funds managed by Ares for cash proceeds of $150 million or approximately $29.70 per share. Net proceeds from the sale, after offering expenses of $2.7 million, were used to repay indebtedness and provide additional funds for general corporate purposes.

Earnings (Loss) Per Share

Basic earnings (loss) per share amounts have been computed based on the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share include the effect of potentially dilutive shares outstanding for the period. For the year ended December 31, 2016, there were 282,000 shares that were not included in the computation of diluted earnings (loss) per share because their inclusion would have been anti-dilutive for the periods.