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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule of earnings (loss) per share, basic and diluted
The following is a reconciliation of the calculation of basic and diluted earnings per share (in thousands, except share and per share data):
 
Three Months Ended March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income
$
8,887

 
$
16,778

Denominator:
 
 
 
Weighted-average number of common shares outstanding—basic
200,654,092

 
200,992,875

Effect of dilutive securities:
 
 
 
Unvested restricted common stock
236,081

 
174,165

Shares related to unvested PSUs
947,409

 
428,421

Weighted-average number of common shares outstanding—diluted
201,837,582

 
201,595,461

Earnings per share:


 
 
Basic earnings per share
$
0.04

 
$
0.08

Diluted earnings per share
$
0.04

 
$
0.08