Annual report pursuant to Section 13 and 15(d)

Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)

v3.3.1.900
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
 
 
For the Year Ended December 31, 2015
 
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
 
Basic EPS
$
(95,073,000
)
 
122,562,187

 
$
(0.78
)
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
—

 
$
—

 
Diluted EPS
$
(95,073,000
)
 
122,562,187

 
$
(0.78
)
 
 
 
 
 
For the Year Ended December 31, 2014
 
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
 
Basic EPS
$
23,451,000

 
121,186,464

 
$
0.19

 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
1,890,184

 
$
—

 
Diluted EPS:
$
23,451,000

 
123,076,648

 
$
0.19

 
 
 
 
 
For the Year Ended December 31, 2013
 
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
 
Basic EPS
$
27,015,000

 
119,284,468

 
$
0.23

 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
1,940,082

 
$
(0.01
)
 
Diluted EPS:
$
27,015,000

 
121,224,550

 
$
0.22


For the year ended December 31, 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 for that year, and therefore, inclusion of such potential common shares in the calculation would be anti-dilutive.
For the years ended December 31, 2014 and 2013, our computation of diluted EPS includes the dilutive effect of common shares potentially issuable in connection with outstanding RSUs and PSUs.