EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Weighted Average Shares Outstanding Earnings Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods:

	Year Ended December 31,
	2015			2014			2013
Income (numerator):
Basic:
Net income (loss)	$	(1,090,915	)	$	(189,543	)	$	117,634
Net income attributable to participating securities	—			—			(2,817		)
Net income (loss) attributable to common stock - basic	$	(1,090,915	)	$	(189,543	)	$	114,817
Diluted:
Net income (loss)	$	(1,090,915	)	$	(189,543	)	$	117,634
Net income attributable to participating securities	—			—			(2,815		)
Net income (loss) attributable to common stock - diluted	$	(1,090,915	)	$	(189,543	)	$	114,819
Weighted average shares (denominator):
Weighted average shares - basic	55,250			52,721			48,693
Dilutive effect of stock options	—			—			42
Weighted average shares - diluted	55,250			52,721			48,735
Basic earnings (loss) per share	$	(19.75	)	$	(3.60	)	$	2.36
Diluted earnings (loss) per share	$	(19.75	)	$	(3.60	)	$	2.36