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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Estimated Useful Lives of Property and Equipment

The estimated useful lives, in years, are shown below:

 

 

 

Useful Lives

Equipment

 

1.25-15

Buildings

 

15-20

Other

 

3-12

 

Calculation of Basic and Diluted Net Income (Loss) per Share

The following table presents information necessary to calculate net income (loss) per share for the years ended December 31, 2017, 2016 and 2015, as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding because their inclusion would have been anti-dilutive (in thousands, except per share amounts):

 

 

 

2017

 

 

2016

 

 

2015

 

BASIC EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

5,910

 

 

$

(318,634

)

 

$

(294,486

)

Adjust for (income) loss attributed to holders of non-vested restricted stock

 

 

(170

)

 

 

 

 

 

3,022

 

Income (loss) attributed to common stockholders

 

$

5,740

 

 

$

(318,634

)

 

$

(291,464

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding, excluding

   non-vested shares of restricted stock

 

 

198,447

 

 

 

146,178

 

 

 

145,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per common share

 

$

0.03

 

 

$

(2.18

)

 

$

(2.00

)

 

 

 

 

 

 

 

 

 

 

 

 

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) attributed to common stockholders

 

$

5,740

 

 

$

(318,634

)

 

$

(291,464

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding, excluding

   non-vested shares of restricted stock

 

 

198,447

 

 

 

146,178

 

 

 

145,416

 

Add dilutive effect of potential common shares

 

 

1,435

 

 

 

 

 

 

 

Weighted average number of diluted common shares outstanding

 

 

199,882

 

 

 

146,178

 

 

 

145,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per common share

 

$

0.03

 

 

$

(2.18

)

 

$

(2.00

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Potentially dilutive securities excluded as anti-dilutive

 

 

3,289

 

 

 

9,057

 

 

 

7,781