Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share

v3.5.0.2
Earnings/ (Loss) Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings/ (Loss) Per Share

9.  Earnings/ (Loss) Per Share

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

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net income (loss)

$

45,928

 

 

$

(477,568

)

 

$

(265,503

)

 

$

(993,112

)

Less portion allocated to nonvested shares

 

1,689

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income (loss) allocated to common shares

$

44,239

 

 

$

(477,568

)

 

$

(265,503

)

 

$

(993,112

)

Weighted average common shares outstanding

 

92,243

 

 

 

75,932

 

 

 

81,748

 

 

 

75,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per common share

$

0.48

 

 

$

(6.29

)

 

$

(3.25

)

 

$

(13.08

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

—

 

 

 

1,913

 

 

 

3,833

 

 

 

1,945