Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.0.814
Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

9.  Earnings Per 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

 

 

 

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