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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three month periods ended March 31, 2017 and 2016; however, because of the undistributed losses, the shares of common stock associated with the Forward Transactions are excluded from the computation of basic earnings per share in 2017 and 2016 as undistributed losses are not allocated to these shares (in thousands, except per share amounts):

 

     For the Three Months  
     Ended March 31,  
     2017      2016  

Net loss

   $ (41,367    $ (24,106

Less: Participation rights of the Forward Transactions

     —          —    
  

 

 

    

 

 

 

Undistributed losses

   $ (41,367    $ (24,106
  

 

 

    

 

 

 

Weighted-average common shares outstanding-basic and diluted

     79,139        78,738  
  

 

 

    

 

 

 

Net loss attributable to common stock per share-basic and diluted

   $ (0.52    $ (0.31