Quarterly report pursuant to Section 13 or 15(d)

Earnings per share (EPS)

v3.4.0.3
Earnings per share (EPS)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings per share (EPS)
Earnings (Loss) Per Share (EPS)  
 
Three Months Ended March 31, 2016
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic EPS
$
(95,835,000
)
 
123,090,238

 
$
(0.78
)
Effect of dilutive securities:
 
 
 
 
 
Restricted stock units
—

 
—

 
—

Diluted EPS
$
(95,835,000
)
 
123,090,238

 
$
(0.78
)
 
 
 
 
 
 
 
Three Months Ended March 31, 2015
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Basic EPS
$
3,222,000

 
121,887,072

 
$
0.03

Effect of dilutive securities:
 
 
 
 
 
Restricted stock units
—

 
1,821,551

 
—

Diluted EPS
$
3,222,000

 
123,708,623

 
$
0.03


For the three months ended March 31, 2016, 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 month period, and therefore, inclusion of such potential common shares in the calculation would be anti-dilutive.
For the three months ended March 31, 2015, 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.