(Loss) Earnings Per Share

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income	$	(13,898	)	$	13,744		$	(59,504	)	$	55,189
Effect of reallocating undistributed earnings of participating securities		—			(90	)		—			(379	)
Net (loss) income available under the two-class method	$	(13,898	)	$	13,654		$	(59,504	)	$	54,810
Denominator:
Denominator for basic (loss) earnings per share— weighted-average shares		23,008,922			22,944,840			22,994,445			22,946,956
Effect of dilutive potential common shares		—			—			—			—
Denominator for diluted (loss) earnings per share— adjusted weighted-average shares		23,008,922			22,944,840			22,994,445			22,946,956
Basic (loss) earnings per share	$	(0.60	)	$	0.60		$	(2.59	)	$	2.39
Diluted (loss) earnings per share	$	(0.60	)	$	0.60		$	(2.59	)	$	2.39