Annual report pursuant to Section 13 and 15(d)

Loss Per Share

v3.6.0.2
Loss Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Loss Per Share

13. Loss Per Share

The Company’s unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are deemed participating securities and are included in the computation of earnings per share under the two-class method when the effect is dilutive.

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

 

Year Ended December 31,

 

 

2016

 

 

2015

 

 

2014

 

Net loss

$

(249,020

)

 

$

(1,044,718

)

 

$

(11,661

)

Less portion allocated to nonvested shares

 

—

 

 

 

—

 

 

 

269

 

Net loss allocated to common shares

$

(249,020

)

 

$

(1,044,718

)

 

$

(11,930

)

Weighted average common shares outstanding

 

95,644

 

 

 

75,931

 

 

 

75,609

 

Basic and diluted loss per common share

$

(2.60

)

 

$

(13.76

)

 

$

(0.16

)

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

 

5,269

 

 

 

2,195

 

 

 

2,097