Quarterly report pursuant to Section 13 or 15(d)

Earnings/ (Loss) Per Share

v3.8.0.1
Earnings/ (Loss) Per Share
9 Months Ended
Sep. 30, 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

 

 

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