Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2016

Basic earnings (loss) per share is computed by dividing the earnings (loss) attributable to common stockholders by the weighted average number of shares outstanding for the periods presented. The calculation of diluted earnings (loss) per share includes the impact of potentially dilutive non-vested restricted shares and PSUs outstanding during the periods presented, unless their effect is anti-dilutive. There are no adjustments made to the earnings (loss) attributable to common stockholders in the calculation of diluted earnings (loss) per share.

The following is a calculation of the basic and diluted weighted average shares outstanding for the three months ended March 31, 2016 and 2015:



	Three Months Ended March 31,
	2016	2015
	(In thousands)
Basic weighted average common shares outstanding	162,922	109,303
Dilution effect of stock awards at end of period⁽¹⁾	—	—
Diluted weighted average common shares outstanding	162,922	109,303
Anti-dilutive stock-based compensation awards	4,668	3,046

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(1)	No unvested stock awards were included in computing loss per share for the three months ended March 31, 2016 and 2015 because the effect was anti-dilutive.