Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.2.0.727
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings (loss) Per Common Share

The following table presents the calculation of basic and diluted earnings (loss) per common share (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net income (loss)

$

(260,449

)

 

$

9,837

 

 

$

(515,544

)

 

$

21,026

 

Less portion allocated to nonvested shares

 

—

 

 

 

100

 

 

 

—

 

 

 

219

 

Net income (loss) allocated to common shares

$

(260,449

)

 

$

9,737

 

 

$

(515,544

)

 

$

20,807

 

Weighted average common shares outstanding

 

75,910

 

 

 

75,605

 

 

 

75,884

 

 

 

75,581

 

Basic and diluted earnings (loss) per common share

$

(3.43

)

 

$

0.13

 

 

$

(6.79

)

 

$

0.28

 

Shares excluded due to being anti-dilutive (weighted-average)

 

355

 

 

 

—

 

 

 

277

 

 

 

—