Annual report pursuant to Section 13 and 15(d)

Earnings/ (Loss) Per Share (Tables)

v3.8.0.1
Earnings/ (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 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):

 

Year Ended December 31,

 

 

2017

 

 

2016

 

 

2015

 

Net income (loss)

$

79,682

 

 

$

(249,020

)

 

$

(1,044,718

)

Less portion allocated to nonvested shares

 

3,244

 

 

 

—

 

 

 

—

 

Net income (loss) allocated to common shares

$

76,438

 

 

$

(249,020

)

 

$

(1,044,718

)

Weighted average common shares outstanding

 

137,617

 

 

 

95,644

 

 

 

75,931

 

Basic and diluted earnings (loss) per common share

$

0.56

 

 

$

(2.60

)

 

$

(13.76

)

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

 

—

 

 

 

5,269

 

 

 

2,195