| Schedule of Earnings Per Share, Basic and Diluted |
The following table summarizes the basic and diluted earnings (loss) per share calculations (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, | | September 30, | | 2016 | | 2015 | | 2016 | | 2015 | Numerator - Basic | | | | | | | | Net income (loss) | $ | (42,198 | ) | | $ | 24,088 |
| | $ | (89,893 | ) | | $ | 99,342 |
| Less: Net (income) loss attributable to noncontrolling interest | 5,216 |
| | (7,523 | ) | | 20,741 |
| | (27,668 | ) | Less: Preferred stock dividends | — |
| | — |
| | (1 | ) | | (2 | ) | Net income (loss) available to common shareholders | $ | (36,982 | ) | | $ | 16,565 |
| | $ | (69,153 | ) | | $ | 71,672 |
| | | | | | | | | Numerator - Diluted | | | | | | | | Net (loss) attributable to common shareholders | $ | (36,982 | ) | | $ | 16,565 |
| | $ | (69,153 | ) | | $ | 71,672 |
| Add: Net income attributable to noncontrolling interest (1), (2) | — |
| | 5,911 |
| | — |
| | 23,513 |
| Add: Preferred stock dividends (2) | — |
| | — |
| | — |
| | 2 |
| Dilutive net income (loss) available to common shareholders | $ | (36,982 | ) | | $ | 22,476 |
| | $ | (69,153 | ) | | $ | 95,187 |
| | | | | | | | | Denominator | | | | | | | | Basic weighted average common shares | 177,125 |
| | 154,813 |
| | 162,656 |
| | 154,502 |
| Exchange of noncontrolling interest for common stock (Note 11), (2) | — |
| | 52,976 |
| | — |
| | 52,976 |
| Restricted stock units (2) | — |
| | 1,559 |
| | — |
| | 1,573 |
| Stock to be issued pursuant to ESPP (2) | — |
| | 1 |
| | — |
| | 1 |
| Diluted weighted average common shares | 177,125 |
| | 209,349 |
| | 162,656 |
| | 209,052 |
| | | | | | | | | Earnings (loss) per common share: | | | | | | | | Basic | $ | (0.21 | ) | | $ | 0.11 |
| | $ | (0.43 | ) | | $ | 0.46 |
| Diluted | $ | (0.21 | ) | | $ | 0.11 |
| | $ | (0.43 | ) | | $ | 0.46 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | (1) | Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock | $ | — |
| | $ | 1,612 |
| | $ | — |
| | $ | 4,155 |
| | | | | | | | | | (2) | Approximate number of shares of potentially convertible preferred stock to common stock up until the time of conversion on August 26, 2016, unvested restricted stock units and stock to be issued pursuant to the ESPP have been excluded from the computation of diluted earnings (loss) per share as the effect would be anti-dilutive when the results from operations are at a net loss. | 32,977 |
| | — |
| | 47,273 |
| | — |
|
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