| Earnings per share (EPS) |
Earnings (Loss) Per Share (EPS)
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2015 |
|
Income
(Numerator)
|
|
Shares
(Denominator)
|
|
Per-Share
Amount
|
Basic EPS |
$ |
(48,620,000 |
) |
|
122,933,518 |
|
|
$ |
(0.40 |
) |
Effect of dilutive securities: |
|
|
|
|
|
Restricted stock units |
— |
|
|
— |
|
|
— |
|
Diluted EPS |
$ |
(48,620,000 |
) |
|
122,933,518 |
|
|
$ |
(0.40 |
) |
|
|
|
|
|
|
|
Nine Months Ended September 30, 2015 |
|
Income
(Numerator)
|
|
Shares
(Denominator)
|
|
Per-Share
Amount
|
Basic EPS |
$ |
(59,427,000 |
) |
|
122,430,957 |
|
|
$ |
(0.49 |
) |
Effect of dilutive securities: |
|
|
|
|
|
Restricted stock units |
— |
|
|
— |
|
|
— |
|
Diluted EPS |
$ |
(59,427,000 |
) |
|
122,430,957 |
|
|
$ |
(0.49 |
) |
|
|
|
|
|
|
|
Three Months Ended September 30, 2014 |
|
Income
(Numerator)
|
|
Shares
(Denominator)
|
|
Per-Share
Amount
|
Basic EPS |
$ |
12,566,000 |
|
|
121,523,674 |
|
|
$ |
0.10 |
|
Effect of dilutive securities: |
|
|
|
|
|
Restricted stock units |
— |
|
|
1,654,079 |
|
|
— |
|
Diluted EPS |
$ |
12,566,000 |
|
|
123,177,753 |
|
|
$ |
0.10 |
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2014 |
|
Income
(Numerator)
|
|
Shares
(Denominator)
|
|
Per-Share
Amount
|
Basic EPS |
$ |
15,698,000 |
|
|
120,994,728 |
|
|
$ |
0.13 |
|
Effect of dilutive securities: |
|
|
|
|
|
Restricted stock units |
— |
|
|
1,977,286 |
|
|
— |
|
Diluted EPS |
$ |
15,698,000 |
|
|
122,972,014 |
|
|
$ |
0.13 |
|
|
|
|
|
|
|
For the three and nine months ended September 30, 2015, all common shares potentially issuable in connection with outstanding restricted stock unit awards have been excluded from the calculation of diluted EPS as the company incurred a loss during the three and nine month periods, and therefore, inclusion of such potential common shares in the calculation would be anti-dilutive.
For the three and nine months ended September 30, 2014, weighted-average shares outstanding used in our computation of diluted EPS includes the dilutive effect of common shares potentially issuable in connection with outstanding restricted stock unit awards.
|