Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share (Tables)

v3.8.0.1
Earnings/ (Loss) Per Share (Tables)
 9 Months Ended
Sep. 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

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss)

$

(1,297

)

 

$

45,928

 

 

$

56,317

 

 

$

(265,503

)

Less portion allocated to nonvested shares

 

—

 

 

 

1,689

 

 

 

2,349

 

 

 

—

 

Net income (loss) allocated to common shares

$

(1,297

)

 

$

44,239

 

 

$

53,968

 

 

$

(265,503

)

Weighted average common shares outstanding

 

137,575

 

 

 

92,243

 

 

 

137,547

 

 

 

81,748

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per common share

$

(0.01

)

 

$

0.48

 

 

$

0.39

 

 

$

(3.25

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

7,709

 

 

 

—

 

 

 

—

 

 

 

3,833