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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
EARNINGS PER SHARE  
Summary of EPS calculations

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

(In thousands, except per share amounts)

 

2016

    

2015

    

2014

Basic EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) 

 

$
202,326

 

$
126,719

 

$
(23,520)

Net income attributable to noncontrolling interests

 

 
(23)

 

 

 —

 

 
(11)

Net income (loss) attributable to common stockholders

 

$
202,303

 

$
126,719

 

$
(23,531)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 
39,492

 

 
39,470

 

 
39,464

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$
202,303

 

$
126,719

 

$
(23,531)

Less: Warrant liability gain

 

 

 —

 

 
(58,320)

 

 

 —

Adjusted net income (loss) attributable to common stockholders

 

$
202,303

 

$
68,399

 

$
(23,531)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

 
39,492

 

 
39,470

 

 
39,464

Restricted stock and stock options

 

 
343

 

 
411

 

 

 —

Warrants

 

 
2,894

 

 
2,873

 

 

 —

Weighted average diluted common shares outstanding

 

 
42,729

 

 
42,754

 

 
39,464

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per share:

 

$
5.12

 

$
3.21

 

$
(0.60)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per share:

 

$
4.73

 

$
1.60

 

$
(0.60)