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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2016
Schedule of Reconciliation of Basic Earnings per Share to Diluted Earnings per Share
The following represents a reconciliation from basic earnings per share to diluted earnings per share:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per share amounts)
2016
 
2015
 
2016
 
2015
Numerator
 
 
 
 
 
 
 
Net income
$
6,344

 
$
14,766

 
$
25,524

 
$
26,494

Adjustment payment to Class C capital stockholders
59,000

 

 
59,000

 

Net income (loss) available to all stockholders
(52,656
)
 
14,766

 
(33,476
)
 
26,494

Denominator
 
 
 
 
 
 
 
Weighted average common shares outstanding Class A and B
217,711

 
215,590

 
217,262

 
215,146

Effect of dilutive securities Class A and B
3,665

 
4,331

 
4,241

 
4,575

Weighted average common shares and dilutive securities outstanding Class A and B
221,376

 
219,921

 
221,503

 
219,721

 
 
 
 
 
 
 
 
Weighted average common shares outstanding Class C
217,832

 
215,590

 
217,323

 
215,146

Effect of dilutive securities Class C
3,664

 
4,331

 
4,240

 
4,575

Weighted average common shares and dilutive securities outstanding Class C
221,496

 
219,921

 
221,563

 
219,721

 
 
 
 
 
 
 
 
Basic earnings per share Class A and B
$
(0.12
)
 
$
0.03

 
$
(0.08
)
 
$
0.06

Basic earnings per share Class C
$
0.15

 
$
0.03

 
$
0.19

 
$
0.06

Dilutive earnings per share Class A and B
$
(0.12
)
 
$
0.03

 
$
(0.08
)
 
$
0.06

Dilutive earnings per share Class C
$
0.15

 
$
0.03

 
$
0.19

 
$
0.06