Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share

Reconciliation of the basic and diluted earnings per share computations

The following is a reconciliation of the basic and diluted earnings per share computations (dollars in thousands, except per share amounts):

	September 30,
	2016		2015
Three Months Ended
Net (loss) income for basic and diluted earnings per share	$	(23,911)	$	2,710
Shares of common stock and common stock equivalents:
Average common shares used in basic computation		32,725		33,859
Effect of dilutive securities		—		688
Average common shares used in diluted computation		32,725		34,547
(Loss) income per share:
Basic	$	(0.73)	$	0.08
Diluted	$	(0.73)	$	0.08
Nine Months Ended
Net (loss) income for basic and diluted earnings per share	$	(31,634)	$	9,233
Shares of common stock and common stock equivalents:
Average common shares used in basic computation		33,006		34,066
Effect of dilutive securities		—		910
Average common shares used in diluted computation		33,006		34,976
(Loss) income per share:
Basic	$	(0.96)	$	0.27
Diluted	$	(0.96)	$	0.26