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(LOSS) EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2016
(LOSS) EARNINGS PER SHARE [Abstract]  
(LOSS) EARNINGS PER SHARE
2.
(LOSS) EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted net (loss) earnings per common share under the two-class method for the three months ended March 31, 2016 and 2015:
 
   
Three Months Ended
 
   
March 31,
 
  
2016
  
2015
 
       
Numerator:
      
Net (loss) earnings
 
$
(100,696
)
 
$
5,320
 
Less dividends declared:
        
     Class A
  
131
   
131
 
     Class B
  
682
   
678
 
Undistributed (loss) earnings
 
$
(101,509
)
 
$
4,511
 
         
Undistributed (loss) earnings allocation - basic and diluted:
     
     Class A undistributed (loss) earnings
 
$
(17,860
)
 
$
796
 
     Class B undistributed (loss) earnings
  
(83,649
)
  
3,715
 
     Total undistributed (loss) earnings
 
$
(101,509
)
 
$
4,511
 
         
Net (loss) earnings allocation - basic and diluted:
        
     Class A net (loss) earnings
 
$
(17,729
)
 
$
927
 
     Class B net (loss) earnings
  
(82,967
)
  
4,393
 
     Net (loss) earnings
 
$
(100,696
)
 
$
5,320
 
         
Denominator:
        
Weighted-average shares outstanding:
        
     Class A - basic and diluted
  
2,175
   
2,175
 
     Class B - basic and diluted
  
9,701
   
9,670
 
         
Net (loss) earnings per share:
        
     Class A - basic and diluted
 
$
(8.15
)
 
$
0.43
 
     Class B - basic and diluted
 
$
(8.55
)
 
$
0.45