Quarterly report pursuant to Section 13 or 15(d)

Earnings per share (EPS)

v3.5.0.2
Earnings per share (EPS)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
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.