Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share (Tables)

v3.7.0.1
Earnings/ (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
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,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss)

$

33,315

 

 

$

(120,922

)

 

$

57,614

 

 

$

(311,431

)

Less portion allocated to nonvested shares

 

1,374

 

 

 

—

 

 

 

2,442

 

 

 

—

 

Net income (loss) allocated to common shares

$

31,941

 

 

$

(120,922

)

 

$

55,172

 

 

$

(311,431

)

Weighted average common shares outstanding

 

137,552

 

 

 

76,457

 

 

 

137,533

 

 

 

76,443

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per common share

$

0.23

 

 

$

(1.58

)

 

$

0.40

 

 

$

(4.07

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

—

 

 

 

3,531

 

 

 

—

 

 

 

3,529