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)

v3.6.0.2
Reconciliation of Income and Number of Shares Used to Calculate Basic and Diluted Earnings per Share (EPS)
 12 Months Ended
Dec. 31, 2016
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, 2016
 
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
 
Basic EPS
$
(230,814,000
)
 
124,130,004

 
$
(1.86
)
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
 
—

 
$
—

 
Diluted EPS
$
(230,814,000
)
 
124,130,004

 
$
(1.86
)
 
 
 
 
 
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 years ended December 31, 2016 and 2015, all common shares potentially issuable in connection with outstanding RSUs and PSUs have been excluded from the calculation of diluted EPS as the company incurred losses; therefore, inclusion of such potential common shares in the calculation would be anti-dilutive.
For the year ended December 31, 2014, the computation of diluted EPS includes the dilutive effect of common shares potentially issuable in connection with outstanding RSUs and PSUs.