(Loss) Earnings Per Share

3 Months Ended

Mar. 31, 2015

(Loss) Earnings Per Share

2. (Loss) Earnings Per Share

The following table sets forth the computation of basic and diluted (loss) earnings per share under the two-class method:

	Three months ended March 31,
	2015			2014
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income	$	(28,602	)	$	18,427
Effect of reallocating undistributed earnings of participating securities		—			(136	)
Net (loss) income available under the two-class method	$	(28,602	)	$	18,291
Denominator:
Denominator for basic (loss) earnings per share — weighted-average shares		22,974,880			22,948,109
Effect of dilutive potential common shares		—			—
Denominator for diluted (loss) earnings per share — adjusted weighted-average shares		22,974,880			22,948,109
Basic (loss) earnings per share	$	(1.24	)	$	0.80
Diluted (loss) earnings per share	$	(1.24	)	$	0.80