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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 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):

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

Net (loss) income for basic and diluted earnings per share

 

$
(25,918)

    

$
91,570

    

$
50,892

 

Shares of common stock and common stock equivalents:

 

 

 

 

 

 

 

 

 

 

Average common shares used in basic computation

 

 
32,906

 

 
33,907

 

 
35,349

 

Effect of dilutive securities

 

 

 —

 

 
908

 

 
1,016

 

Average common shares used in diluted computation

 

 
32,906

 

 
34,815

 

 
36,365

 

Income (loss) per share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$
(0.79)

 

$
2.70

 

$
1.44

 

Diluted

 

$
(0.79)

 

$
2.63

 

$
1.40