(Loss) Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30,						Six months ended June 30,
	2015			2014			2015			2014
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income	$	(17,004	)	$	23,017		$	(45,606	)	$	41,444
Effect of reallocating undistributed earnings of participating securities		—			(154	)		—			(290	)
Net (loss) income available under the two-class method	$	(17,004	)	$	22,863		$	(45,606	)	$	41,154
Denominator:
Denominator for basic (loss) earnings per share—weighted-average shares		22,999,157			22,947,957			22,987,086			22,948,032
Effect of dilutive potential common shares		—			—			—			—
Denominator for diluted (loss) earnings per share—adjusted weighted-average shares		22,999,157			22,947,957			22,987,086			22,948,032
Basic (loss) earnings per share	$	(0.74	)	$	1.00		$	(1.98	)	$	1.79
Diluted (loss) earnings per share	$	(0.74	)	$	1.00		$	(1.98	)	$	1.79