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Earnings per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings per Share
Earnings Per Share
Basic earnings per share, or "EPS," is calculated by dividing net income (loss) for the period by the weighted average of the Company's common shares outstanding for the period. Diluted EPS takes into account the effect of outstanding dilutive instruments, such as share options and warrants, if any, and uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted average number of shares outstanding. As of December 31, 2014, 2013, and 2012, the Company did not have any dilutive instruments outstanding.
The following table presents a reconciliation of the earnings/(losses) and shares used in calculating basic EPS for the years ended December 31, 2014 and 2013, and September 25, 2012 (commencement of operations) to December 31, 2012:
(In thousands except for share amounts)
 
Year Ended
December 31, 2014
 
Year Ended
December 31, 2013
 
September 25, 2012 (commencement of operations) to
December 31, 2012
Numerator:
 
 
 
 
 
 
Net income (loss)
 
$
16,168

 
$
(1,914
)
 
$
(536
)
Denominator:
 
 
 
 
 
 
Basic and diluted weighted average shares outstanding
 
9,142,736

 
6,566,656

 
1,633,378

Basic and Diluted Earnings Per Share
 
$
1.77

 
$
(0.29
)
 
$
(0.33
)