Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

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):

	December 31,
	2017		2016		2015
Net (loss) income for basic and diluted (loss) income per share	$	(39,440)	$	(25,918)	$	91,570
Shares of common stock and common stock equivalents:
Average common shares used in basic computation		33,009		32,906		33,907
Effect of dilutive securities		—		—		908
Average common shares used in diluted computation		33,009		32,906		34,815
(Loss) income per share:
Basic	$	(1.19)	$	(0.79)	$	2.70
Diluted	$	(1.19)	$	(0.79)	$	2.63