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(Loss) Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Computation of Basic and Diluted (Loss) Earnings per Share under Two-Class Method

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

 

     2015      2014      2013  

Numerator for basic and diluted (loss) earnings per share:

        

Net (loss) income

   $ (109,544    $ 55,588       $ 84,886   

Effect of reallocating undistributed earnings of participating securities

     —           (376      (530
  

 

 

    

 

 

    

 

 

 

Net (loss) income available under the two-class method

   $ (109,544    $ 55,212       $ 84,356   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Denominator for basic (loss) earnings per share—weighted-average shares

     22,999,318         22,946,395         22,957,013   

Effect of dilutive potential common shares

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Denominator for diluted (loss) earnings per share—adjusted weighted-average shares

     22,999,318         22,946,395         22,957,013   
  

 

 

    

 

 

    

 

 

 

Basic (loss) earnings per share

   $ (4.76    $ 2.41       $ 3.67   
  

 

 

    

 

 

    

 

 

 

Diluted (loss) earnings per share

   $ (4.76    $ 2.41       $ 3.67