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Earnings (Loss) Per Common Share (EPS) (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Common Share

The table below details the computation of the Company’s basic and diluted EPS:

 

     Fiscal
2016		     Fiscal
2015		      Fiscal
2014		  

Numerator:

        

Net income (loss)

    $ 136,288     $ 37,111      $ (37,943 ) 

Less: Distributed earnings allocated to nonvested awards

      (461 )      —          —    

Less: Undistributed earnings allocated to nonvested awards

      (1,063 )      —          —    
  

 

 

    

 

 

     

 

 

  

Numerator for basic and diluted earnings (loss) per share

    $ 134,764     $ 37,111      $ (37,943 ) 
  

 

 

    

 

 

     

 

 

  

Denominator:

        

Average shares outstanding — Basic

    $ 71,101,484     $ 65,350,463      $ 64,209,838  

Potential effect of nonvested restricted stock awards

      —         831,402        —    

Potential effect of nonvested stock options

      569       —          —    
  

 

 

    

 

 

     

 

 

  

Average shares outstanding — Diluted

      71,102,053       66,181,865        64,209,838  
  

 

 

    

 

 

     

 

 

  

Net income (loss) per common share—Basic

    $ 1.90     $ 0.57      $ (0.59 ) 

Net income (loss) per common share—Diluted

    $ 1.90     $ 0.56      $ (0.59 ) 

Dividend per share

    $ 0.28     $ —        $ —    

Antidilutive awards excluded from the computation of diluted EPS (incremental shares):

        

Restricted stock

      332,955       —          —    

RSUs

      360,130       —          —