Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share

v3.7.0.1
Earnings/ (Loss) Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings/ (Loss) Per Share

8.  Earnings/ (Loss) 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

 

 

March 31,

 

 

2017

 

 

2016

 

Net income (loss)

$

24,299

 

 

$

(190,509

)

Less portion allocated to nonvested shares

 

1,058

 

 

 

—

 

Net income (loss) allocated to common shares

$

23,241

 

 

$

(190,509

)

Weighted average common shares outstanding

 

137,513

 

 

 

76,428

 

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per common share

$

0.17

 

 

$

(2.49

)

 

 

 

 

 

 

 

 

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

 

—

 

 

 

3,528