| Earnings per share (EPS) |
Earnings (Loss) Per Share (EPS)
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2016 |
|
Income/(Loss)
(Numerator)
|
|
Shares
(Denominator)
|
|
Per-Share
Amount
|
Basic EPS |
$ |
(46,228,000 |
) |
|
124,486,848 |
|
|
$ |
(0.37 |
) |
Effect of dilutive securities: |
|
|
|
|
|
Restricted stock units |
— |
|
|
— |
|
|
— |
|
Diluted EPS |
$ |
(46,228,000 |
) |
|
124,486,848 |
|
|
$ |
(0.37 |
) |
|
|
|
|
|
|
|
Nine Months Ended September 30, 2016 |
|
Income/(Loss)
(Numerator)
|
|
Shares
(Denominator)
|
|
Per-Share
Amount
|
Basic EPS |
$ |
(181,885,000 |
) |
|
123,894,980 |
|
|
$ |
(1.47 |
) |
Effect of dilutive securities: |
|
|
|
|
|
Restricted stock units |
— |
|
|
— |
|
|
— |
|
Diluted EPS |
$ |
(181,885,000 |
) |
|
123,894,980 |
|
|
$ |
(1.47 |
) |
|
|
|
|
|
|
|
Three Months Ended September 30, 2015 |
|
Income/(Loss)
(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/(Loss)
(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 |
) |
|
|
|
|
|
|
For the three and nine months ended September 30, 2016 and 2015, respectively, 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 losses during the three and nine month periods, therefore, inclusion of such potential common shares in the calculation would be anti-dilutive.
|