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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2016
EARNINGS PER SHARE  
Summary of information related to the entity's EPS calculations

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

(In thousands, except per share amounts)

    

2016

    

2015

 

Basic EPS:

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

Net income (loss)

 

$

143,765

 

$

(105,959)

 

Net income attributable to noncontrolling interests

 

 

 —

 

 

 —

 

Net income (loss) attributable to common stockholders

 

$

143,765

 

$

(105,959)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 

39,473

 

 

39,465

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

143,765

 

$

(105,959)

 

Less: Warrant liability gain

 

 

(29,820)

 

 

 —

 

Adjusted net income (loss) attributable to common stockholders

 

$

113,945

 

$

(105,959)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 

39,473

 

 

39,465

 

Restricted stock and stock options

 

 

357

 

 

 —

 

Warrants

 

 

2,570

 

 

 —

 

Weighted average diluted common shares outstanding

 

 

42,400

 

 

39,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share:

 

$

3.64

 

$

(2.68)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per share:

 

$

2.69

 

$

(2.68)