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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Common Share | Note T — Earnings Per Common Share Summarized basic and diluted earnings per common share were calculated as follows:
| Year Ended December 31,
(In thousands, except per share data) | 2016 |  | 2015 |  | 2014
Numerator: |  |  |  |  |
Net earnings (loss) | $ | (105,195 | ) |  | $ | (953,520 | ) |  | $ | 96,422 |
Denominator: |  |  |  |  |
Weighted-average shares outstanding | 53,121 |  |  | 53,050 |  |  | 52,850 |
Effect of dilutive stock awards | — |  |  | — |  |  | 276 |
Weighted-average dilutive shares | 53,121 |  |  | 53,050 |  |  | 53,126 |
Basic (loss) earnings per share | $ | (1.98 | ) |  | $ | (17.97 | ) |  | $ | 1.82 |
Diluted (loss) earnings per share | $ | (1.98 | ) |  | $ | (17.97 | ) |  | $ | 1.81 |
Diluted loss per common share for the year ended December 31, 2016, did not include the effect of dilutive stock awards because the result would have been anti-dilutive. For 2016, 2015, and 2014, the number of stock options that were outstanding but not included in the computation of diluted earnings per common share because their exercise price was greater than the average market price of the common stock and, therefore anti-dilutive, were 3,072,181, 2,585,711, and 2,496,147, respectively.

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