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 Per Share
Earnings (Loss) Per Share
Basic earnings (loss) per share is calculated as net income (loss) available to common stockholders divided by the average number of participating shares of common stock outstanding. Diluted earnings (loss) per share includes the dilutive effect of granted restricted common stock awards, convertible debt and warrants using the treasury stock method.
The calculation of earnings (loss) per share, basic and diluted, for the three months ended March 31, 2017 and 2016, is as follows (shares in thousands, per share value in dollars):
 
For the Three Months Ended
 
March 31,
 
2017
 
2016
Net income (loss) available to common stockholders
$
7,327

 
$
(35,537
)
Weighted average shares outstanding, basic
71,490

 
70,143

Dilutive common stock equivalents
87

 

Weighted average shares outstanding, diluted
71,577

 
70,143

Earnings (loss) per share, basic
$
0.10

 
$
(0.51
)
Earnings (loss) per share, diluted
$
0.10

 
$
(0.51
)

For the three months ended March 31, 2017, the weighted average diluted shares includes all potentially dilutive common stock equivalents. For the three months ended March 31, 2016, we excluded 595 common stock equivalents from the weighted average diluted shares outstanding as the effect of including such shares would be anti-dilutive.